Bitcoin Revolution - Big Business / Corporations Now Adopting Bitcoin

BITCOIN PRICE RISING AGAIN - Big Business / Corporations Now Adopting Bitcoin





Imagine a world in which you can buy anything in secret. No banks. No fees. No worries inflation will make today's money worth less tomorrow.

The digital currency Bitcoin promises all these things. And while it's far from achieving any of them — its value is unstable and it's rarely used — some have high hopes.

"There will be alternatives to the dollar, and this might be one of them," said former U.S. congressman Ron Paul. If people start using bitcoins en masse, "it'll go down in history as the destroyer of the dollar," Paul added.

Alex and Max Keiser continue on the topic of rigged global markets and fiat currency vs bitcoin.

A man who was traveling through Manchester, New Hampshire was stopped and harassed by the TSA after he opted out of going through a body scanner. The official reason for further interrogation, according to the screeners, was "We saw Bitcoin in your bag and need to check."

Bitcoin refuses to flip: Virtual currency stays strong despite bankruptcies, gyrating rates The March report revealed that a National Science Foundation researcher got the boot for using his access to supercomputers to mine Bitcoin: We received reports describing a researcher's abuse of NSF-funded supercomputing resources at two universities to conduct bitcoin mining activities. Bitcoin is a virtual currency that is independent of national currencies, but it can be converted into traditional currencies through exchange markets. It is generated or "mined" through a process that is by design computationally intensive.

The researcher isn't the first to use access to other people's powerful computers to play virtual currency miner. A student at London Imperial College and a researcher at Harvard University both got in trouble earlier this year for using their fine establishments' computers to mine Bitcoin's funnier cousin, Dogecoin. Last year, New Jersey fined a gaming company one million dollars for secretly turning its gamers' computers into Bitcoin mining slaves.

If you're a European reading this story outside the Eurozone, or perhaps a resident of Hong Kong or Russia, the reverse may be true: A majority of your compatriots may not have heard of Bitcoin, but anyone sophisticated enough to have read up on it now likely owns some. As Bitcoin enters its fifth year in the wild, its largest concentrations of users can now be found not in the U.S. — which enjoys a stable banking system and a galaxy of existing mobile payments services — but rather in places where Bitcoin's core offerings — a hedge against inflation, a means of quickly executing transactions over long distances — can actually be tapped into.

"The reality is that in North America, consumers have access to a fairly decent set of financial services," Peter Smith, COO of Bitcoin wallet firm Blockchain, told BI in an email." On a currency basis, RMB-denominated Bitcoin trades now outrank USD despite a seemingly never ending stream of threats out of the People's Bank's of China that they'll end all transactions.

In a landmark monetary policy move, the European Central Bank (ECB) has announced negative interest rates. The ECB will charge an interest rate of -0.1% to banks wishing to store euros within central bank vaults. Domestically, the intention is to prod banks into lending money to businesses as opposed to buying government bonds.

John Donahoe, president and CEO of eBay Inc. was talking about his company's future with digital currencies on CNBC. In the interview, he once again offered positive words about the future of technological advancements in money. 'I think there's no doubt digital currency is going to play an important role going forward, and at PayPal, we're going to have to integrate digital currencies into our wallet.'

Bitcoin Revolution -- The Future Of Cryptocurrencies

We have entered the digital realm in the 21st century and as a result of the global acceptance of bitcoin as money, various altcoins are now beginning to rise and earn a place in this new market. What will this mean for the future of cryptocurrencies and the concept of money as a whole? In this video Dan Dicks of Press For Truth speaks with Andreas Antonopoulos about what to expect in the not too distant future of digital currencies.

Bitcoin Revolution : Boom or Bust?

The Federal Reserve is incompatible with democracy. Fiat currency, or paper money, is printed out of thin air by a central authority and therefore is weakened by inflation and taxation. Though independent, the institution is hyper-politicized and headed only by those who share a secret handshake with the President. Taxpayer-funded bailouts to mega banks JPMorgan Chase and Goldman Sachs perpetuate these financial thoughtcrimes as the Fed's checkbook is conveniently withheld from the public and unaccountable to annual audits. Fort Knox, too, is merely a relic; a symbol of what previously housed the gold used to back the now debt-based US Dollar. Government-regulated banks are equally hopeless — transferring money at a glacial pace, charging steep transaction fees, and audaciously freezing customers' assets. Now, imagine a technology that could disrupt this paradigm and pose itself an alternative to the hijacked US Dollar. Fortunately, the peer-to-peer electronic cash system "Bitcoin" is all but fictitious. Already has the virtual currency stirred up controversy by threatening traditional banking and even circumventing State authority. How does Bitcoin work? What are its pros and cons? Why do bitcoins have value? Answers to all those questions and more...

Bitcoin Revolution -- Everything You Need to Know About Bitcoin

This week on the VICE Podcast, Reihan Salam sits down with Jerry Brito, one of the leading experts on Bitcoin. Jerry is a senior research fellow at George Mason University's Mercatus Center and director of its Technology Policy Program. His research focuses on internet policy, copyright, and the regulatory process. Jerry was kind enough to walk us through the world of Bitcoin, the first decentralized digital currency that now has a few imitators.

Bitcoin Revolution -- First Bitcoin Gun Store in America

Inside Michael Cargill's shop, where you can legally buy firearms with cryptocurrency.



CENTRAL TEXAS GUN WORKS IS THE FIRST FIREARMS RETAILER IN TEXAS TO ACCEPT BITCOIN CURRENCY

Beginning Monday, January 27, 2014, Central Texas Gun Works, owned by Michael Cargill, became the first firearms retailer of Texas to accept online payment in the new Bitcoin (www.bitcoin.org) currency system, an innovative payment network changing the way consumers use digital currency. Starting today, Wednesday, January 28, 2014, Central Texas Gun Works will accept Bitcoin for all in-store transactions, including the sale of firearms, ammunition, accessories, and class registrations.

Bitcoin uses instant, worldwide, peer-to-peer transactions to make payments over the Internet. Using a mobile app or computer, bitcoins are purchased through a Bitcoin exchange network or from individuals. Consumers are able to shop at Central Texas Gun Works using their personal Bitcoin wallet to make payments. This form of payment is faster and more convenient than paying with a check, debit or credit card and includes increased privacy and security.

For businesses, like Central Texas Gun Works, using Bitcoin costs little to maintain, reduces risk of chargebacks or reversals, and protects against fraud, resulting in a lower cost to merchants than check or card transactions. Additionally, businesses can accept faster payments and incur a lower cost to protect sensitive information about their customers, including account information and credit card numbers. Central Texas Gun Works has partnered with BitPay as its Bitcoin merchant services provider.

"We are thrilled to be able to accept Bitcoin, a new, innovative form of payment, from our customers," says Central Texas Gun Works owner, Michael Cargill. "We hope by using this currency in Austin, it will help to generate new customers and attract more visibility for our business." Read More Here: http://centraltexasgunworks.com/lates...

Bitcoin Revolution : The Psychology of Money - Stefan Molyneux

Bitcoin: The Psychology of Money - Stefan Molyneux speaks at the Texas Bitcoin Conference





What does psychological research reveal about people's perception of money and value? What mental barriers do Bitcoin adoptees need to overcome to help others welcome the new paradigm? Stefan Molyneux, host of Freedomain Radio, brings the latest scientific insights into the psychology of money and value to bear on the challenges of evangelizing Bitcoin to the masses!

Bitcoin Revolution -- World's First Public Company To Invest In Bitcoin

While attending a Resource Investment Conference in Vancouver Dan Dicks of Press For Truth speaks with Mark Wettreich Director, Vice President of Administration and Corporate Secretary at Greenbank Capital Inc, the world's first public company to invest in bitcoin.

Bitcoin Revolution -- Can Bitcoin Save the Post Office?

Feb. 3 (Bloomberg) -- Bloomberg News' Megan Hughes reports on the possibility of a Bitcoin exchange joining the financial services offered by the United States Postal Service on Bloomberg Television's "In The Loop."

Bitcoin Revolution -- Bitcoin vs Banks: The Future Of The Digital Currency

Bitcoin vs Banks: The Future Of The Digital Currency

The virtual cash Bitcoin continues to impress in the global financial arena. For the first time a university in the UK has decided to accept the digital currency for tuition fees. That's as the future of the cryptocurrency is being discussed at a conference in Miami. RT;s correspondent Perianne Boring has been listening to some of the forecasts.

Bitcoin Revolution -- Why Bitcoin Terrifies Big Banks

"Bitcoin gives people a place to hide". HSBC doesn't hide, they are upfront with their CIA drug money laundering. Apparently, according to the US .. that's OK.


Abby Martin speaks with Andreas Antonopoulos, founder of Root Eleven and co-host of let's Talk Bitcoin, discussing how Bitcoin works, and why it's so important to have a decentralized system of money.The terror word again...This word is equal to the little boy who cried wolf...The big government that cries terrorism at anyone that rats them out...The public is slowly getting smart about the word terrorism and it means less Freedom for the 99%..

Bitcoin Revolution -- Max Keiser

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the role the Davos discount and well executed transactions play in our declining economic fortunes. In the second half, Max interviews Jordan Fish and Luke Mitchell about the creation and launch of a new cryptocurrency called - MaxCoin! They discuss the various features on which one must decide when creating a cryptocurrency and what the role of these alt-coins are in the entire Bitcoin ecosystem.

Bitcoin Revolution -- British University accepts Bitcoin

Professor Jem Bendell from the University Of Cumbria, discusses the use of, and rise of Bitcoin, as a challenge to Ponzi Fiat currency. Bitcoin now enough credibility to pay for two university courses in the UK! Recorded from BBC1 HD, BBC Breakfast, 27 January 2014.

Bitcoin Revolution -- LAS VEGAS HOTEL CASINO'S are now ACCEPTING BITCOIN as a Form Of Payment

Two casinos in downtown Las Vegas, Nevada will become the first establishments of their kind to accept bitcoin as currency.
Effective Wednesday, customers of both The D and the Golden Gate casinos on Sin City's famed Freemont Street will be able to spend bitcoins to buy goods and services.

Neither facility will accept bets being made with the emerging digital 'cryptocurrency' in lieu of fiat money, but will allow visitors to conduct transactions using bitcoin at certain casino-run businesses on site. The front desks at both the Golden Gate and The D hotels will accept bitcoin, as will select gift shops and eateries inside the buildings, totaling five in all.

Vegas proprietor Derek Stevens, a co-owner of both casinos, said he considered bringing bitcoin into the gaming business after the issue was brought up by a number of customers recently.

Stevens added that the establishments will rely on the popular BitPay service to process transactions using tablets and other mobile devices installed at each cashier station. Six percent of all bitcoin transactions in the world were being processed through BitPay as of November, and the system is currently being used by internet businesses in more than 200 countries.

Bitcoin itself has been around for almost five years, but has recently surged in popularity. Both the online retailer Overstock.com and Sacramento, California's professional basketball team, the Kings, said they would start accepting bitcoin earlier this month. The online-only cash alternative can also be used to pay for college tuition or, in at least one case, the salary for a town's chief of police.

"We recently picked up some business in the US and the fact that we will accept bitcoins might put us in the frame for more business opportunities," Harold Solomons of the Dublin-based online agency Matrix Internet told reporters at Silicone Republic on Tuesday. "We're putting the time in now in order to develop it. One of our clients in Ireland owns a casino and we're talking about the potential of the casino accepting bitcoin payments, for example." Meanwhile, though, customers at Steven's casinos will be limited to using bitcoins for booking hotel rooms and ordering dinner - not making bets.

Bitcoin Falls Flat Among Davos Crowd
The cybercurrency, which is supposed to make money transfers across the globe easier, is barely on the radar of those gathered at the World Economic Forum this week.

The Saudi Arabian finance minister had a puzzled look on his face sitting in one of the lounges of the Congress Centre at the World Economic Forum. Ibrahim Abdulaziz al-Assaf was trying to remember where he's heard the word "Bitcoin" before.

Bitcoin has garnered very little attention of the world's political and financial elite gathered here for the World Economic Forum (WEF) — a seemingly golden opportunity for Bitcoin cheerleaders the Winklevoss twins and the handful of hedge funds that have invested in the currency to spread the word on its global reach and ability to transcend monetary borders.

The little attention given to Bitcoin hasn't been at all favorable, either. U.S. Treasury Secretary Jack Lew said he was incredulous about the cybercurrency on Thursday, the same day JP Morgan Chairman and CEO Jamie Dimon called it a "terrible store of value."

And on a panel Friday, Nobel laureate economist Robert Shiller called Bitcoin "an amazing example of a bubble."

Noticeably absent from the WEF were Cameron and Tyler Winklevoss, who have addressed the financial elite before on their strong belief in Bitcoin's legitimacy as a truly global currency.

Google looks into accepting Bitcoin, but realistically its options are very limited

Bitcoin Revolution -- BITCOIN - The PRO's & CON's

U.S. prosecutors in Manhattan are sitting on a multimillion-dollar bitcoin gold mine. And it could get much bigger. Federal authorities hauled in 29,655 units of the digital currency -- worth $27 million at current exchange rates -- through an official forfeiture by Bitcoin this week.

The bitcoins had belonged to Silk Road, an anonymous online black market that authorities say was a conduit for purchases of drugs and computer hacking services -- even a place where assassins may have advertised. It was shuttered after an FBI raid in September, when agents took control of its server and arrested the man they say was its founder in San Francisco.



A spokeswoman for Preet Bharara, the U.S. Attorney for New York's Southern District, said Friday that the government is still trying to decide what to do with the forfeited bitcoins. The timing of any sale could make a big difference in the amount the government could realize.

The baffling Bitcoin boom is either an exercise in self-delusion — a high-tech Ponzi scheme that will come crashing down — or an imaginative new Internet technology that could change how millions of people around the world conduct everyday business. There is little middle ground.

Called a "digital currency," Bitcoin originated in early 2009 with a software program written by Satoshi Nakamoto. Who is Nakamoto? Good question. It's a pseudonym, and we don't know who's behind it — whether man or woman; individual or group; American, Japanese, Russian or some other nationality. But what seems clear is that Nakamoto owns bitcoins worth "hundreds of millions of dollars," says Jerry Brito, an analyst at the Mercatus Center of George Mason University and a Bitcoin enthusiast.

You can do two things with bitcoins: buy stuff, just as with traditional money; and hold them as an investment or speculation, hoping their price will rise.

Some shopping does occur with bitcoins. The first retail transaction is usually attributed to Laszlo Hanyecz, a computer programmer in Florida, who in May 2010 persuaded someone to order two pizzas for him in exchange for 10,000 bitcoins. Recently, Overstock.com — an online retailer — agreed to accept bitcoins; the Sacramento Kings basketball team will do likewise. According to coinmap.org, about 2,600 stores and businesses worldwide accept bitcoins, with concentrations in Western Europe, California and New York.

Bitcoin's wild price fluctuations seem disqualifying on all counts. A business that accepts bitcoins takes an immediate risk that the funds will lose 5 percent or 10 percent of their worth before they can be converted into traditional money (dollars, euros, yen). By this logic, retail uses will remain limited. For similar reasons, bitcoins flunk as a store of value and unit of account.
It seems like a scene out of a late night infomercial. A man steps out of a fancy car, or off of a big expensive yacht, and starts his sales speech. "Make thousands, tens of thousands, or hundreds of thousands of dollars all from the comfort of your own home. How?! By mining for bitcoin!" Dropping into everyone's lexicon late last year, bitcoin boomed in 2013, going from $13 to $900 on a roller coaster of a ride. Other cryptocurrencies called alt coins, like litecoin and peercoin, gained exposure through bitcoin's fame. Mining these coins can provide a significant income to anyone willing to spend the time and money. Here are five steps to take to start a cryptocurrency mining career.

Bitcoin Revolution -- BITCOIN Gives We The People FREEDOM from FEAR of NSA

Bitcoin doesn't meet the definition of a currency or even an electronic payment form in Finland, where the central bank has instead decided to categorize the software as a commodity.


"Considering the definition of an official currency as set out in law, it's not that. It's also not a payment instrument, because the law stipulates that a payment instrument must have an issuer responsible for its operation," Paeivi Heikkinen, head of oversight at the Bank of Finland in Helsinki, said in a Jan. 16 phone interview. "At this stage it's more comparable to a commodity."

Finland is the latest country to try to come to grips with the advent of virtual currencies that aren't controlled by any central bank or government. As regulators in Europe warn of the risks associated with using such software as a substitute for real money, authorities are struggling to design frameworks to protect consumers and businesses from potential losses they have no legal means of recouping.

Globally, Bitcoin has had a mixed reception, with China's central bank banning lenders from handling the virtual money. The U.S. Internal Revenue Service hasn't offered guidance on Bitcoin beyond saying it's working on the issue and that it has been monitoring digital currencies and transactions since 2007. Meanwhile, Texas Senate candidate Steve Stockman is accepting Bitcoin campaign donations.

Britain is reviewing the tax treatment of Bitcoin, a virtual currency that governments fear can be used for tax evasion and money laundering.

HM Revenue and Customs has advised traders that it is looking at alternatives to the current 20 per cent value added tax on purchases of the coin, which is regarded as a voucher rather than a currency. Traders complained that the VAT made their businesses globally uncompetitive and was forcing them to look at moving to more favourable jurisdictions.

The review comes as tax authorities around the world seek to capture revenues from Bitcoin and minimise risks of tax avoidance and evasion. The value of the world's stock of Bitcoin has risen from $150m to $10bn over the past year, adding urgency to regulators' efforts to clarify its status.

The nearly boozy Bitcoin rallies and crashes of 2013 led to endless media coverage, rising mass market knowledge of its existence, and piece by piece, the growing maturity of its underlying network.

No asset that regularly loses or gains 50% in a day can be treated as anything more than a speculative tool, and an incredibly risky one at that. However, in the new year, as the media firestorm has mostly abated around Bitcoin and its network of buyers and sellers has continued to improve and expand, something interesting has happened: Bitcoin has found and stuck to a trading range. bitcoin litecoin "max keiser"  "accept bitcoin"
Now, compared to more traditional currencies, Bitcoin still moves around too much for the good digestion of those close to it. At the same time, over the past nearly two weeks, it has shown remarkable flatness, meaning that those wishing to use and accept it for commerce have had a period in which they could trust their sales and purchases to not swing to wild profit or loss by whim of the market.

The Bitcoin Revolution - Coast To Coast Am - January 15 2014

Coast To Coast Am - January 15 2014 - Bitcoin / The Watchers





Guests:     William Henry, David Seaman

In the first half of the program, reporter David Seaman discussed the latest developments surrounding the digital currency Bitcoin. "This has never happened before in human history," he marveled, "where people have created a major currency without the backing of a state." He detailed how Bitcoin differs from traditional currency models in that there is a limit of 21 million units of which there are currently only 12 to 13 million in circulation. Blocks of 25 Bitcoins, he said, are created every 10 minutes via a process called 'mining,' where advanced computers solve complex mathematical problems and are rewarded with new units. According to Seaman, this system was designed to mimic the mining of precious metals as a way of increasing the perceived value of the Bitcoins.

Seaman suggested that the value of Bitcoins will continue to grow as major retailers begin to accept the currency as a form of payment. Noting the resounding success seen by Overstock.com when they recently integrated Bitcoin, he surmised that, should Amazon or PayPal follow suit, the value of the units could grow exponentially. Additionally, he surmised that further economic unrest throughout the world may see people turning to Bitcoin as a more stable place to put their money, since it is not subject to government-caused inflation. To that end, Seaman declared that the ability of Bitcoin to weather the Chinese government's decision to restrict its usage was proof that "a decentralized global currency is more powerful than any one government's decision."

Bitcoin Revolution ~ U.S. Moving to Make Electronic Currencies Illegal ?

January 10, 2014 : http://americanfreepress.net

Bitcoin

• Alternative currency makers defend motives at hearing

By Mark Anderson

Senate Homeland Security and Governmental Affairs Committee Chairman Tom Carper (D-Del.) recently held a first-ever congressional hearing on virtual currencies. The mid-November hearing, “Beyond Silk Road—Potential Threats, Risks and Promises of Virtual Currency,” explored the positives and negatives for the federal government and society related to currencies that have been created in electronic format on the Internet.

Carper, who described virtual currencies as “digital cash that can be used and transferred nearly anonymously,” added in a press release that this monetary technology “presents some new and unique risks, but with it . . . great potential. The federal government and society as a whole need to come together to figure out how to effectively deal with it.”

Witnesses at the November hearing included representatives of the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), Department of Justice, Department of Homeland Security and private industry representatives including the Bitcoin Foundation and the International Centre for Missing & Exploited Children.

Bitcoin has become increasingly popular on the Internet. It is electronic currency that has been created using complicated computer programs and cannot be forged or counterfeited.

Patrick Murck, Bitcoin Foundation’s general counsel, described Bitcoin as “a decentralized store of value and open-ledger payment network that operates securely, efficiently and at low cost without the need for any third-party intermediaries.”

Bitcoin Revolution ~ Bitcoin gaining popularity in India

The digital currency Bitcoin is gaining popularity in India. There's now a campaign to make it part of the country's financial system. And a conference is being held in Bangalore to promote the advantages of virtual money.