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Patrick Ulrich has been at 1 events

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Google Play8,487,652Join us for a special Google Play hangout with hip hop's biggest newcomer, +Kendrick Lamar (http://goo.gl/s66EK) on Wednesday, March 13. Lamar will be live from Austin's South by Southwest Festival to open up to fans about how a kid from Compton came up through the ranks to create one of 2012's most acclaimed albums, _good kid, m.A.A.d city_. Leave your questions for Kendrick using #kendricklamarhangout for a chance to have it answered on air. #kendricklamarhangout #kendricklamar #gkmc #poeticjustice #sxsw   *About the Hangout* +Kendrick Lamar was a kid growing up in Compton in the 1990s, trying to stay out of trouble. By 16, he'd recorded his first mixtape, under the name K. Dot. 2012's good kid, m.A.A.d city, Lamar's major label debut album, is a sprawling masterpiece of technical rapping and structured storytelling that defies and expands the conventions of his genre.Google Play presents: Kendrick Lamar2013-03-13 12:30:003152  

Shared Circles including Patrick Ulrich

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Activity

Average numbers for the latest posts (max. 50 posts, posted within the last 4 weeks)

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1
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Top posts in the last 50 posts

Most comments: 22

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2015-06-14 19:21:58 (22 comments, 2 reshares, 11 +1s)Open 

Thank You!

I'd like to thank everyone for following my bitcoin collection here on Google+. I've decided to start doing a small giveaway to celebrate different milestones of followers and hope that this can help others get involved with BTC too.

This time I will be giving out 8000 Satoshis to celebrate the collection hitting it's 8000th follower. All you have to do to be considered is to comment on this post with why you are interested in bitcoin. In a couple days I will choose someone at random and share a new post giving out the bitcoin using +ChangeTip​'s​ tipping tool.

With ChangeTip you can tip others with your new bitcoins or can withdraw to your own wallet. Feel free to go ahead and sign up at www.changetip.com. Good luck everyone and thanks again for following!

Most reshares: 6

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2015-06-30 04:47:43 (0 comments, 6 reshares, 14 +1s)Open 

Greeks are rushing to Bitcoin

With bank doors slammed shut, frantic Greeks are turning to online trading platforms to see if the digital money Bitcoin is a better bet than the euro.

The world's largest Bitcoin exchanges tell CNNMoney they've seen a surge of business from Greece.

Ten times as many Greeks are registering to trade bitcoins on the German marketplace Bitcoin.de than usual, according to CEO Oliver Flaskaemper. Bitcoin trades from Greece have shot up 79% from their ten-week average on Bitstamp, the world's third-largest exchange.

When you don't control your money then you don't actually own it. 

Most plusones: 14

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2015-06-30 04:47:43 (0 comments, 6 reshares, 14 +1s)Open 

Greeks are rushing to Bitcoin

With bank doors slammed shut, frantic Greeks are turning to online trading platforms to see if the digital money Bitcoin is a better bet than the euro.

The world's largest Bitcoin exchanges tell CNNMoney they've seen a surge of business from Greece.

Ten times as many Greeks are registering to trade bitcoins on the German marketplace Bitcoin.de than usual, according to CEO Oliver Flaskaemper. Bitcoin trades from Greece have shot up 79% from their ten-week average on Bitstamp, the world's third-largest exchange.

When you don't control your money then you don't actually own it. 

Latest 50 posts

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2015-07-06 17:12:44 (0 comments, 1 reshares, 1 +1s)Open 

The Walter Reed National Military Medical Center campus near Bethesda, Maryland, placed a shelter in place order this morning following reports of a suspected active shooter.

The Walter Reed National Military Medical Center campus near Bethesda, Maryland, placed a shelter in place order this morning following reports of a suspected active shooter.___

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2015-07-06 17:12:00 (1 comments, 0 reshares, 1 +1s)Open 

EKU reinstates two football players involved in bar brawl - Eastern Kentucky University has reinstated two football players suspended for their roles in a bar fight earlier this year with University of Kentucky football players. http://ow.ly/310Zwo

EKU reinstates two football players involved in bar brawl - Eastern Kentucky University has reinstated two football players suspended for their roles in a bar fight earlier this year with University of Kentucky football players. http://ow.ly/310Zwo___

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2015-07-06 17:00:39 (0 comments, 1 reshares, 1 +1s)Open 

Spartan Route Offers Invoicing and Bitcoin Payment Service to Greek Businesses

On Monday, Greece closed its banks and imposed capital controls to prevent financial chaos after the breakdown of bailout talks. Banks and ATMs are still working on a very limited basis, which makes things difficult for families and pensioners. For businesses and entrepreneurs who depend on cross-border sales and imported goods or services, the situation couldn’t be worse: They are unable to pay their suppliers abroad because cross-border bank wires are suspended, and the have only limited access to their sales income. Even the best-performing Greek businesses that are still making sales abroad can’t use their hard-earned cash.

With the banking system locked down, capital controls prevent Greek citizens from accessing cash and this disrupts the economy. The Irish company Spartan Route has cometo the... more »

Spartan Route Offers Invoicing and Bitcoin Payment Service to Greek Businesses

On Monday, Greece closed its banks and imposed capital controls to prevent financial chaos after the breakdown of bailout talks. Banks and ATMs are still working on a very limited basis, which makes things difficult for families and pensioners. For businesses and entrepreneurs who depend on cross-border sales and imported goods or services, the situation couldn’t be worse: They are unable to pay their suppliers abroad because cross-border bank wires are suspended, and the have only limited access to their sales income. Even the best-performing Greek businesses that are still making sales abroad can’t use their hard-earned cash.

With the banking system locked down, capital controls prevent Greek citizens from accessing cash and this disrupts the economy. The Irish company Spartan Route has come to the rescue of Greek businesses with an innovative service proposal: They will invoice their Greek clients’ foreign customers in euro, collect the payment, and send bitcoin back to Greece.

This simple move will allow Greek businesses to continue operating during the current crisis as well as becoming a great way to introduce bitcoin to their market. Great job Spartan Route!___

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2015-07-06 09:42:00 (0 comments, 0 reshares, 1 +1s)Open 

Greece's finance minister, Yanis Varoufakis, resigned this morning. http://nyti.ms/1M69QH5 

#Greece   #Varoufakis   #euro  

Greece's finance minister, Yanis Varoufakis, resigned this morning. http://nyti.ms/1M69QH5 

#Greece   #Varoufakis   #euro  ___

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2015-07-06 09:31:44 (3 comments, 0 reshares, 2 +1s)Open 

The Risks of Starting a Bitcoin-Based Business

Bitcoin entrepreneurs are predictably quick to puff up the virtual currency’s benefits – zero-to-low transaction costs, no chargebacks and the freedom to send and receive money anywhere in the world without a third party, to name a few. They typically aren’t as eager, however, to draw attention to the risks of doing business in Bitcoin, and, just like starting up around any other embryonic technology, there are many.

While the article is pretty weak on describing actual bitcoin business issues, I can personally speak to the issues with starting a bitcoin business myself. While I've only been at this for a couple months, I can already attest that there are many issues that most businesses will seldom, if ever, deal with such as regulations and finding banking partners who will even open an account for you.

The Risks of Starting a Bitcoin-Based Business

Bitcoin entrepreneurs are predictably quick to puff up the virtual currency’s benefits – zero-to-low transaction costs, no chargebacks and the freedom to send and receive money anywhere in the world without a third party, to name a few. They typically aren’t as eager, however, to draw attention to the risks of doing business in Bitcoin, and, just like starting up around any other embryonic technology, there are many.

While the article is pretty weak on describing actual bitcoin business issues, I can personally speak to the issues with starting a bitcoin business myself. While I've only been at this for a couple months, I can already attest that there are many issues that most businesses will seldom, if ever, deal with such as regulations and finding banking partners who will even open an account for you.___

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2015-07-06 09:19:59 (0 comments, 0 reshares, 1 +1s)Open 

Bitwage enters the Gold & Silver market

Bitwage provides a way for employees, freelancers, and contract workers to get paid their salaries in bitcoin instead of fiat currency. It is a convenient option for the person who wants to use bitcoin as a part of their investment strategy, save for retirement, or speculate on the market. Any percentage of a person’s salaried income can be quickly converted into bitcoin through Bitwage.

Now Bitwage has partnered with Bitreserve to create what they call “Cloud Savings.”  This gives customers the option to choose any portion of their salary to be split and held in 9 currencies and 4 precious metal, including US dollars, bitcoins, Euros, Pounds, Mexican Pesos, Indian Rupees, Gold, and Silver.

If you were in the need of a place to easily convert all or a portion of your paycheck into non-fiat savings then you shoulddefinite... more »

Bitwage enters the Gold & Silver market

Bitwage provides a way for employees, freelancers, and contract workers to get paid their salaries in bitcoin instead of fiat currency. It is a convenient option for the person who wants to use bitcoin as a part of their investment strategy, save for retirement, or speculate on the market. Any percentage of a person’s salaried income can be quickly converted into bitcoin through Bitwage.

Now Bitwage has partnered with Bitreserve to create what they call “Cloud Savings.”  This gives customers the option to choose any portion of their salary to be split and held in 9 currencies and 4 precious metal, including US dollars, bitcoins, Euros, Pounds, Mexican Pesos, Indian Rupees, Gold, and Silver.

If you were in the need of a place to easily convert all or a portion of your paycheck into non-fiat savings then you should definitely check out Bitwage's offerings. As mentioned above they now allow you to not only convert to BTC but also Gold and Silver with the new Cloud Savings plan. 

http://www.bitwage.co___

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2015-07-06 09:02:05 (0 comments, 0 reshares, 1 +1s)Open 

Bitcoin glitch expected to abate as software upgrades continue

Bitcoin experienced a glitch over the weekend that is expected to be resolved as software clients that handle transaction data are upgraded.

Some software clients that “mine” bitcoins are creating invalid transaction data, which are referred to as blocks. Blocks are records of transactions, and the first miner to complete a block is rewarded with new bitcoins. The blocks are added to bitcoin’s public ledger, called the blockchain.

Some software clients that had not been recently upgraded are accepting invalid blocks created by other clients, according to a notice posted on http://bitcoin.org.

Its good to see that the SPV glitch is being quickly resolved. A huge thank you to all the Core Devs who spent the holiday ensuring bitcoin remained stable. 

Bitcoin glitch expected to abate as software upgrades continue

Bitcoin experienced a glitch over the weekend that is expected to be resolved as software clients that handle transaction data are upgraded.

Some software clients that “mine” bitcoins are creating invalid transaction data, which are referred to as blocks. Blocks are records of transactions, and the first miner to complete a block is rewarded with new bitcoins. The blocks are added to bitcoin’s public ledger, called the blockchain.

Some software clients that had not been recently upgraded are accepting invalid blocks created by other clients, according to a notice posted on http://bitcoin.org.

Its good to see that the SPV glitch is being quickly resolved. A huge thank you to all the Core Devs who spent the holiday ensuring bitcoin remained stable. ___

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2015-07-06 07:25:03 (0 comments, 0 reshares, 1 +1s)Open 

Todd Frazier will get the NL All-Star Game start at third base in front of the hometown fans!

VIDEO: http://atmlb.com/1CUPMSU

Todd Frazier will get the NL All-Star Game start at third base in front of the hometown fans!

VIDEO: http://atmlb.com/1CUPMSU___

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2015-07-06 06:33:52 (0 comments, 1 reshares, 4 +1s)Open 

Can bitcoin help the world's unbanked?

As bitcoin struggles to gain mass appeal, advocates of the digital currency are turning to a new audience to promote adoption: the global unbanked.

More than 2 billion adults lack access to financial services such as a bank accounts and credit cards to save and borrow funds, according to the World Bank, with the majority residing in rural areas and typically living below $5 a day.

Bitcoin finally gives the unbanked the same financial tools that those with bank accounts have enjoyed for years. Between allowing users highly reduced remittance costs to helping with unstable fiat currencies, bitcoin is the perfect solution for the unbanked of the world. 

Can bitcoin help the world's unbanked?

As bitcoin struggles to gain mass appeal, advocates of the digital currency are turning to a new audience to promote adoption: the global unbanked.

More than 2 billion adults lack access to financial services such as a bank accounts and credit cards to save and borrow funds, according to the World Bank, with the majority residing in rural areas and typically living below $5 a day.

Bitcoin finally gives the unbanked the same financial tools that those with bank accounts have enjoyed for years. Between allowing users highly reduced remittance costs to helping with unstable fiat currencies, bitcoin is the perfect solution for the unbanked of the world. ___

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2015-07-04 21:23:14 (0 comments, 1 reshares, 4 +1s)Open 

Bitstamp Enables Canada-based Customer Deposits

Customers in Canada will be now able to deposit Canadian dollars into their Bitstamp accounts following the bitcoin exchange's partnership with payment processor Vogogo.

According to a company post, funds deposited via eCheck will take up to 5 days to clear into customers' Bitstamp accounts. Deposits, subject to a 1% transaction fee, are subject to a minimum of $1 and a maximum of $250.

Previously, Canada-based customers were only able to deposit funds via international wire transfers, subject to a 0.05% transaction fee.

Canadians have a new option when it comes to obtaining bitcoin. This is the type of expansion you expect when a country shows that it is open to innovation. New York should sit back and learn from this. 

Bitstamp Enables Canada-based Customer Deposits

Customers in Canada will be now able to deposit Canadian dollars into their Bitstamp accounts following the bitcoin exchange's partnership with payment processor Vogogo.

According to a company post, funds deposited via eCheck will take up to 5 days to clear into customers' Bitstamp accounts. Deposits, subject to a 1% transaction fee, are subject to a minimum of $1 and a maximum of $250.

Previously, Canada-based customers were only able to deposit funds via international wire transfers, subject to a 0.05% transaction fee.

Canadians have a new option when it comes to obtaining bitcoin. This is the type of expansion you expect when a country shows that it is open to innovation. New York should sit back and learn from this. ___

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2015-07-04 21:17:47 (0 comments, 1 reshares, 7 +1s)Open 

Email Paywall System ‘Mailman' Wins Coinbase Hackathon

Email paywall system Mailman has won Coinbase's second hackathon, which gave away $70,000 worth of bitcoin in prizes.

The system, which rewards consumers in bitcoin and uses the blockchain to filter spam messages, received a $10,000 prize in bitcoin and a place on Boost VC's bitcoin accelerator class, reportedly worth $50,000.

Congratulations to the team behind Mailman for winning this year's hackathon. It'll be interesting to see how they differentiate themselves from other bitcoin spam providers as they come to market. 

Email Paywall System ‘Mailman' Wins Coinbase Hackathon

Email paywall system Mailman has won Coinbase's second hackathon, which gave away $70,000 worth of bitcoin in prizes.

The system, which rewards consumers in bitcoin and uses the blockchain to filter spam messages, received a $10,000 prize in bitcoin and a place on Boost VC's bitcoin accelerator class, reportedly worth $50,000.

Congratulations to the team behind Mailman for winning this year's hackathon. It'll be interesting to see how they differentiate themselves from other bitcoin spam providers as they come to market. ___

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2015-07-03 19:06:51 (2 comments, 0 reshares, 2 +1s)Open 

Was Nvidia just thinking of gamers with the release of the Nvidia Shield?

Nvidia is currently making the best streaming product on the market with the Shield. You get a device that does both 4K streaming as well as has access to many other apps, courtesy of the Google Play Store, that expands upon what you can do with your device. You also get a gaming rig that will be able to rival it's console peers with new game releases and quality of graphics.

The part that kills me here is that the last line of the above paragraph seems to dictate the whole marketing strategy Nvidia is using for the Shield. To me the whole system revolves around gamers instead of harnessing the full potential of the powerful device they created and creating various SKUs designed towards other audiences like content streamers.

For example the first two SKUs they've created come with a... more »

Was Nvidia just thinking of gamers with the release of the Nvidia Shield?

Nvidia is currently making the best streaming product on the market with the Shield. You get a device that does both 4K streaming as well as has access to many other apps, courtesy of the Google Play Store, that expands upon what you can do with your device. You also get a gaming rig that will be able to rival it's console peers with new game releases and quality of graphics.

The part that kills me here is that the last line of the above paragraph seems to dictate the whole marketing strategy Nvidia is using for the Shield. To me the whole system revolves around gamers instead of harnessing the full potential of the powerful device they created and creating various SKUs designed towards other audiences like content streamers.

For example the first two SKUs they've created come with a gaming controller. One features a 16gb memory while the other has a 250 gb drive and they are sold at $199 and $299 respectively. With the inclusion of a controller, these are perfect for the gaming community but what if I just want to watch House of Cards in 4K? Do I need this bulky thing just to click through the menus? Simply offering 2 additional SKUs without controllers would allow them to reach many more homes that don't have the same value for gaming.

The first SKU they could benefit from would be a $150 device only package that simply comes with the streaming box and no packaged controlling device. The second should be an additional $199.99 16gb model that features a Nvidia Shield Remote rather than the gaming controller that comes packaged with the current setup. With the addition of these 2 SKUs Nvidia would now be set to compete in a much wider market.

The streaming box only option could be controlled from an app for Google Play or iOS devices similar to what Google offers for Android TV. (This same app may function well here as it is geared toward Android TV but I've never tested nor seen tests done) Now they would have a device that is roughly $50 bucks cheaper than alternative 4K quality streaming setups plus the benefit of Google's Play Store offerings. Alternatively they would be the highest priced Android streaming system but offering the 4K content would warrant the higher price. 

Really I don't care what bad marketing decision Nvidia makes, I'm not a stockholder. My issue comes with having to spend $200 for a device and then spending another $50 for a remote, that should be in there to begin with, because I don't want to leave a bulky game controller on my living room table.

/rant___

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2015-07-02 21:02:50 (0 comments, 1 reshares, 2 +1s)Open 

BitGo Announces Launch of Solvency Proofs Verified by BitGo

BitGo announced today the release of its latest product offering, Verified by BitGo, a product that provides a real-time view of bitcoin assets owned by a company.

Whereas in the past, verification attempts were slow and often had security risk concerns, BitGo hopes that this will be a verification that allows it to publicly share all of its assets. Further, it will be able to cryptographically display that it is in a solvent state.

When dealing with brokerages and wallets, knowing that the provider is solvent can go a long way toward making a decision on using a service. This service will enable end users to analyze what the company’s assets are and compare that to its liabilities, even drilling down to ensure that the user’s own account is included in the total liabilities.

Taking the stepawa... more »

BitGo Announces Launch of Solvency Proofs Verified by BitGo

BitGo announced today the release of its latest product offering, Verified by BitGo, a product that provides a real-time view of bitcoin assets owned by a company.

Whereas in the past, verification attempts were slow and often had security risk concerns, BitGo hopes that this will be a verification that allows it to publicly share all of its assets. Further, it will be able to cryptographically display that it is in a solvent state.

When dealing with brokerages and wallets, knowing that the provider is solvent can go a long way toward making a decision on using a service. This service will enable end users to analyze what the company’s assets are and compare that to its liabilities, even drilling down to ensure that the user’s own account is included in the total liabilities.

Taking the step away from Mt. Gox...___

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2015-07-02 20:53:11 (6 comments, 0 reshares, 2 +1s)Open 

Answer for 10,000 Satoshi

Who is in this picture?

First person with the correct answer wins!

Answer for 10,000 Satoshi

Who is in this picture?

First person with the correct answer wins!___

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2015-07-02 01:55:17 (0 comments, 2 reshares, 3 +1s)Open 

Citi Is Working on ‘Citicoin’ for Cross-border Payments

International Business Times revealed that the global bank Citi is developing blockchains within the bank and test-coins to run across them. Ken Moore, head of Citi Innovation Labs, confirmed that the bank has been looking at distributed ledger technology for the last few years and has amassed a skilled team. They have built three blockchains and a test currency to run across them.

Headquartered in Manhattan, Citi is an American multinational banking and financial services corporation. As of January 2015, it is the third-largest bank holding company in the United States by assets and has one of the world’s largest financial services networks.

“We have up and running three separate systems within Citi now that actually deploy blockchain distributed ledger technologies,” said Moore. “They are allwithin the la... more »

Citi Is Working on ‘Citicoin’ for Cross-border Payments

International Business Times revealed that the global bank Citi is developing blockchains within the bank and test-coins to run across them. Ken Moore, head of Citi Innovation Labs, confirmed that the bank has been looking at distributed ledger technology for the last few years and has amassed a skilled team. They have built three blockchains and a test currency to run across them.

Headquartered in Manhattan, Citi is an American multinational banking and financial services corporation. As of January 2015, it is the third-largest bank holding company in the United States by assets and has one of the world’s largest financial services networks.

“We have up and running three separate systems within Citi now that actually deploy blockchain distributed ledger technologies,” said Moore. “They are all within the labs just now so there is no real money passing through these systems yet, they are at a pre-production level to be clear. We also have an equivalent to bitcoin up and running, again within the labs, so we can mine what we call a ‘Citicoin,’ for want of a better term. It’s in the labs, but it’s to make sure we are at the leading edge of this technology and that we can exploit the opportunities within it.”

Its not shocking that banks are exploring blockchain technology for it's obvious benefits. There will be a future with many different tokens based any anything you can imagine a categorization for. This could even be used as an internal proof of reserve one day but I doubt we have any competitor to bitcoin to worry about here. ___

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2015-07-01 16:16:52 (1 comments, 2 reshares, 5 +1s)Open 

Payments Firm Backs 'Crazy' Offline Bitcoin Transactions Experiment

As an Internet-based payment system, most bitcoin transactions today necessitate that users are online or otherwise can print and exchange private keys.

However, Romanian mobile payments provider Netopia mobilPay is now backing a proposal that strives for a middle path. Called OffCoin, the proposal is for a system that allows microSD cards in mobile phones to generate, store, transmit and delete bitcoin private keys.

In effect, OffCoin would be capable of moving digital currency between mobile phones without requiring users to be connected to the Internet or needing to pay the cost of using the bitcoin blockchain. By transacting with NFC, Bluetooth, QR codes or a combination of these technologies, Netopia suggests it can allow users to send and receive bitcoin without paying fees forsendi... more »

Payments Firm Backs 'Crazy' Offline Bitcoin Transactions Experiment

As an Internet-based payment system, most bitcoin transactions today necessitate that users are online or otherwise can print and exchange private keys.

However, Romanian mobile payments provider Netopia mobilPay is now backing a proposal that strives for a middle path. Called OffCoin, the proposal is for a system that allows microSD cards in mobile phones to generate, store, transmit and delete bitcoin private keys.

In effect, OffCoin would be capable of moving digital currency between mobile phones without requiring users to be connected to the Internet or needing to pay the cost of using the bitcoin blockchain. By transacting with NFC, Bluetooth, QR codes or a combination of these technologies, Netopia suggests it can allow users to send and receive bitcoin without paying fees for sending funds over the bitcoin blockchain.

I've often wondered when someone would devise a system like this for use off network. This will bridge a huge gap for 3rd world users who still want to reap the benefits of bitcoin. ___

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2015-06-30 05:03:14 (0 comments, 2 reshares, 6 +1s)Open 

Reinventure Invests in Coinbase

We are pleased to announce that Reinventure Group, an Australian-based VC firm focused on fintech, has made a strategic investment in Coinbase.

One of Reinventure’s primary objectives is to create opportunities between its portfolio companies and Westpac, Reinventure’s largest investor and one of the top 15 largest banks in the world. We plan to work closely with Reinventure and share insights into the use of digital currencies globally.

Aussies, you're on deck.

Reinventure Invests in Coinbase

We are pleased to announce that Reinventure Group, an Australian-based VC firm focused on fintech, has made a strategic investment in Coinbase.

One of Reinventure’s primary objectives is to create opportunities between its portfolio companies and Westpac, Reinventure’s largest investor and one of the top 15 largest banks in the world. We plan to work closely with Reinventure and share insights into the use of digital currencies globally.

Aussies, you're on deck.___

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2015-06-30 04:47:43 (0 comments, 6 reshares, 14 +1s)Open 

Greeks are rushing to Bitcoin

With bank doors slammed shut, frantic Greeks are turning to online trading platforms to see if the digital money Bitcoin is a better bet than the euro.

The world's largest Bitcoin exchanges tell CNNMoney they've seen a surge of business from Greece.

Ten times as many Greeks are registering to trade bitcoins on the German marketplace Bitcoin.de than usual, according to CEO Oliver Flaskaemper. Bitcoin trades from Greece have shot up 79% from their ten-week average on Bitstamp, the world's third-largest exchange.

When you don't control your money then you don't actually own it. 

Greeks are rushing to Bitcoin

With bank doors slammed shut, frantic Greeks are turning to online trading platforms to see if the digital money Bitcoin is a better bet than the euro.

The world's largest Bitcoin exchanges tell CNNMoney they've seen a surge of business from Greece.

Ten times as many Greeks are registering to trade bitcoins on the German marketplace Bitcoin.de than usual, according to CEO Oliver Flaskaemper. Bitcoin trades from Greece have shot up 79% from their ten-week average on Bitstamp, the world's third-largest exchange.

When you don't control your money then you don't actually own it. ___

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2015-06-29 21:15:38 (0 comments, 0 reshares, 2 +1s)Open 

Ulterior States Documentary

From the Ulterior States website:

Ulterior States, an IamSatoshi production, is an argumentative documentary project. The participatory development, production and post ‘guerilla-film-making-methods’, bounced between (non-academic) literature research, video interviews and studio sessions. This investigative process allowed having real-life conversations with some thought leaders within the Bitcoin ecosystem. In an attempt to portray the community behind the message to adopt a network, being a one-man team allowed for easier access to the subjects. The enthusiasm and commitment that saturate through the lens in many parts of the film, expose how the adopters of Bitcoin want to explore, to probe and, to show the world, something important, otherwise overlooked.

The film took three years and 125 videos to complete. Through this journey,I got... more »

Ulterior States Documentary

From the Ulterior States website:

Ulterior States, an IamSatoshi production, is an argumentative documentary project. The participatory development, production and post ‘guerilla-film-making-methods’, bounced between (non-academic) literature research, video interviews and studio sessions. This investigative process allowed having real-life conversations with some thought leaders within the Bitcoin ecosystem. In an attempt to portray the community behind the message to adopt a network, being a one-man team allowed for easier access to the subjects. The enthusiasm and commitment that saturate through the lens in many parts of the film, expose how the adopters of Bitcoin want to explore, to probe and, to show the world, something important, otherwise overlooked.

The film took three years and 125 videos to complete. Through this journey, I got immersed in the decentralised crypto-currency culture and met a bunch of wonderful futuristic-pirates, I would have never met otherwise. It is becoming easier to admit that Ulterior States is an expression of my perceptions, an extract of the years 2012-2015. The collaged story explores code as activism and discovers a melting pot through the neutrality of a decentralised consensus. It looks to the future from different humanist perspectives and argues that crypto-currencies could lead towards; community governed micro-state applications.

This roughly hour long documentary, from producer Tomer Kantor, is posted on YouTube for your viewing pleasure. Adam B. Levine, from the Let's Talk Bitcoin network, calls it "the first great exploration of the Idealist point of view." Check it out now for free!___

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2015-06-29 16:15:33 (2 comments, 0 reshares, 6 +1s)Open 

Join us for July's Bitcoin and Barbeque Meet Up

Lexington's Bluegrass Bitcoin Meetup meets on the last Thursday of the month at City Barbeque to discuss random topics ranging from "What is bitcoin?" to "How can I use bitcoin in my life/business?" If you happen to be in the area on July 30th please feel free to swing on by!

Join us for July's Bitcoin and Barbeque Meet Up

Lexington's Bluegrass Bitcoin Meetup meets on the last Thursday of the month at City Barbeque to discuss random topics ranging from "What is bitcoin?" to "How can I use bitcoin in my life/business?" If you happen to be in the area on July 30th please feel free to swing on by!___

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2015-06-29 16:00:23 (0 comments, 1 reshares, 4 +1s)Open 

Greece Closes Banks and Stock Markets, Introduces Capital Controls

Greece has closed its banks and imposed capital controls to prevent financial chaos after the breakdown of bailout talks with its international creditors, The Financial Times reports. The decision comes at the end of a weekend that brought Greece closer to “Grexit” – the potential exit from the Eurozone and perhaps the European Union (EU) itself – and confronted Europe with a serious crisis.

The banks in Greece and the Athene Stock Exchange will remain closed until at least July 6, the day after the referendum on the austerity measures demanded by the country’s creditors. In the meantime, cash withdrawals at ATMs will be limited to 60 euros ($66) and transfers abroad will be forbidden. Greece is the second Eurozone country, after Cyprus in 2013, to impose capital controls.

The move isevidently ... more »

Greece Closes Banks and Stock Markets, Introduces Capital Controls

Greece has closed its banks and imposed capital controls to prevent financial chaos after the breakdown of bailout talks with its international creditors, The Financial Times reports. The decision comes at the end of a weekend that brought Greece closer to “Grexit” – the potential exit from the Eurozone and perhaps the European Union (EU) itself – and confronted Europe with a serious crisis.

The banks in Greece and the Athene Stock Exchange will remain closed until at least July 6, the day after the referendum on the austerity measures demanded by the country’s creditors. In the meantime, cash withdrawals at ATMs will be limited to 60 euros ($66) and transfers abroad will be forbidden. Greece is the second Eurozone country, after Cyprus in 2013, to impose capital controls.

The move is evidently aimed at preventing panicked Greek investors and savers from taking their money out of the nation’s banks and moving it elsewhere. In the days before the predictable stall of the negotiations with Europe, many Greeks rushed to withdraw their money. The Financial Times reports that many more Greeks are trying to withdraw their money now, but they are turned away by security guards.

In early 2013 Bitcoin started its first price run off a very familiar situation in Cyprus. As confidence in central banks continues to fall and people look for alternative stores of wealth, that they can control, bitcoin will probably see many new users. ___

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2015-06-29 07:29:31 (0 comments, 0 reshares, 1 +1s)Open 

Earn Satoshis while playing games

I seen a screenshot on the Google+ bitcoin community from an Android game called Bitcoin Flapper. As you could imagine its a play on the game Flappy Bird but it allows you to earn bitcoin for playing along. After doing the obligatory search through the developer's other games, I found Bitcoin Crush.

Bitcoin Crush is a play off games like Candy Crush where you link your gems together in a pattern to earn points. What makes Bitcoin Crush fun is it allows you to compete with other players and see who earns the highest points. Based on where you rank for that lobby determines how many bitcoin you are rewarded for that game.

My wife downloaded it onto her LG G4 and played for a good amount of time tonight with no hiccups. While the game seemed very fun I can't personally verify that withdraws function. However other reviews seem... more »

Earn Satoshis while playing games

I seen a screenshot on the Google+ bitcoin community from an Android game called Bitcoin Flapper. As you could imagine its a play on the game Flappy Bird but it allows you to earn bitcoin for playing along. After doing the obligatory search through the developer's other games, I found Bitcoin Crush.

Bitcoin Crush is a play off games like Candy Crush where you link your gems together in a pattern to earn points. What makes Bitcoin Crush fun is it allows you to compete with other players and see who earns the highest points. Based on where you rank for that lobby determines how many bitcoin you are rewarded for that game.

My wife downloaded it onto her LG G4 and played for a good amount of time tonight with no hiccups. While the game seemed very fun I can't personally verify that withdraws function. However other reviews seem positive on this front. After she spends some more time with it I hope she will give it a review.

From their app's description:

So, you think you're very good at this game, and three diamond jewelry hustle games. Well, now you can put those skills to effective use. Bitcoin crush fast action game where you have to score as much as you can in 40 seconds. You compete in tournaments against three other players, or directly with your friends in head to head competition.

Our tournaments will award the top three winners Bitcoin.When you challenge your friends head-to-head competition, it is winner takes all!

All our Bitcoin Crush tournaments and head-to-head competition for free. You can collect your winnings at any Bitcoin wallet that you want at any time (there is a minimum 0,00016 BTC because Bitcoin network transaction fees).

The game is free to download on the Google Play Store. ___

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2015-06-27 19:28:20 (0 comments, 2 reshares, 8 +1s)Open 

Ascribe Raises $2 Million to Encode Artistic Copyrights on the Blockchain

Ascribe, a platform which enables artists to record their intellectual properties on the Bitcoin blockchain has raised US $2 million in a seed funding round from investors including Barry Silbert’s Digital Currency Group, Earlybird Venture Capital, Freelands Ventures, and other angel investors.

With the new financing, Ascribe aims to improve its platform to make it more efficient for artists to record ownership of their works, to onboard new developers to build on their API that helps marketplaces and platforms to display the registered artwork, and to increase awareness of their platform.

Using the Bitcoin blockchain, Ascribe allows artists to create records of permanent and unchangeable copyright and ownership of their artwork that can be verified and tracked instantly. Since the data andc... more »

Ascribe Raises $2 Million to Encode Artistic Copyrights on the Blockchain

Ascribe, a platform which enables artists to record their intellectual properties on the Bitcoin blockchain has raised US $2 million in a seed funding round from investors including Barry Silbert’s Digital Currency Group, Earlybird Venture Capital, Freelands Ventures, and other angel investors.

With the new financing, Ascribe aims to improve its platform to make it more efficient for artists to record ownership of their works, to onboard new developers to build on their API that helps marketplaces and platforms to display the registered artwork, and to increase awareness of their platform.

Using the Bitcoin blockchain, Ascribe allows artists to create records of permanent and unchangeable copyright and ownership of their artwork that can be verified and tracked instantly. Since the data and copyright cannot be changed once it is registered on the blockchain, artists will be able to defend their works without the need to spend money on the traditional process of hiring lawyers to create legal documents.

This is a perfect example of how bitcoin is a consensus mechanism rather than a simple value standard, though a value standard is in itself a part of societal consensus. Bitcoin has the power to uproot any middlemen who use information to control others as it will become possible to obtain certified information straight from the blockchain without the middleman's help. Decentralization FTW!___

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2015-06-26 19:47:36 (1 comments, 3 reshares, 5 +1s)Open 

Introducing BitINKA, South America’s First Universal Bitcoin Platform

BitInka, a bitcoin platform that operates in Peru, Venezuela, Bolivia and Brazil will soon expand its services throughout Argentina, Colombia and Chile, to become South America’s first universal bitcoin platform targeted for the unbanked.

Founded in 2013 by Roger Gabriel, BitINKA is one of the only companies in South America which implemented bitcoin trading to create a bitcoin exchange that allows its users to convert/withdraw bitcoin for many local currencies of South America, including the Peruvian Nueva Sol and the Argentinian peso.

This is the foundation that will be needed for bitcoin to become commonplace in the remittance market. It will make it simple for migrant workers to take their pay and have it sent home without losing half the value in the process. 

Introducing BitINKA, South America’s First Universal Bitcoin Platform

BitInka, a bitcoin platform that operates in Peru, Venezuela, Bolivia and Brazil will soon expand its services throughout Argentina, Colombia and Chile, to become South America’s first universal bitcoin platform targeted for the unbanked.

Founded in 2013 by Roger Gabriel, BitINKA is one of the only companies in South America which implemented bitcoin trading to create a bitcoin exchange that allows its users to convert/withdraw bitcoin for many local currencies of South America, including the Peruvian Nueva Sol and the Argentinian peso.

This is the foundation that will be needed for bitcoin to become commonplace in the remittance market. It will make it simple for migrant workers to take their pay and have it sent home without losing half the value in the process. ___

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2015-06-26 19:37:57 (0 comments, 2 reshares, 4 +1s)Open 

Kid-Friendly Minecraft Server Launches Bitcoin Economy

A multi-player server on the wildly popular video game Minecraft has introduced bitcoin to its world as a way of teaching children about digital currency.

While in-game currencies exist in several different minecraft worlds, using bitcoin means that players can take their money out of the game and use it in the real world too.

The server, PlayMC, features an in-game currency called 'bits' which the company has set at 100,000,000th of a bitcoin (commonly known as a 'satoshi'). The unit was chosen for its ease-of-use, as it represents a whole unit and allows players to be rewarded seemingly on a larger scale.

These are the types of opportunities that will change the 49%, from the GS survey posting earlier, to 80% for the next generations. Once kids see that playing video games can leadt... more »

Kid-Friendly Minecraft Server Launches Bitcoin Economy

A multi-player server on the wildly popular video game Minecraft has introduced bitcoin to its world as a way of teaching children about digital currency.

While in-game currencies exist in several different minecraft worlds, using bitcoin means that players can take their money out of the game and use it in the real world too.

The server, PlayMC, features an in-game currency called 'bits' which the company has set at 100,000,000th of a bitcoin (commonly known as a 'satoshi'). The unit was chosen for its ease-of-use, as it represents a whole unit and allows players to be rewarded seemingly on a larger scale.

These are the types of opportunities that will change the 49%, from the GS survey posting earlier, to 80% for the next generations. Once kids see that playing video games can lead to value that can be exchanged for real world items it will be over. The next allowance may come from being a good kid and finishing that level of Minecraft before bed. ___

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2015-06-26 14:10:46 (0 comments, 0 reshares, 5 +1s)Open 

US Supreme Court (#SCOTUS) rules that same-sex marriage is a legal right across the United States in 5-4 decision http://bbc.in/1QTu9ht

US Supreme Court (#SCOTUS) rules that same-sex marriage is a legal right across the United States in 5-4 decision http://bbc.in/1QTu9ht___

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2015-06-26 14:05:39 (0 comments, 1 reshares, 1 +1s)Open 

Nasdaq Selects Bitcoin Startup Chain To Run Pilot In Private Market Arm

Nasdaq OMX Group Inc. has named San Francisco-based startup Chain as its partner for a pilot, announced in May, to test Bitcoin technology for the trading of shares in private companies.

Founded in 2014, Chain provides infrastructure to financial institutions wanting to use the blockchain, which is the technology underlying the digital currency Bitcoin, in their products and services. The blockchain enables entities to digitally transfer money and other assets directly, securely and near instantaneously.

Nasdaq will be testing the blockchain in Nasdaq Private Market, which is a marketplace for pre-IPO trading of shares in private companies; launched in January 2014, it so far has more than 75 clients.

The next time you buy corporate shares could be on a blockchain.

Nasdaq Selects Bitcoin Startup Chain To Run Pilot In Private Market Arm

Nasdaq OMX Group Inc. has named San Francisco-based startup Chain as its partner for a pilot, announced in May, to test Bitcoin technology for the trading of shares in private companies.

Founded in 2014, Chain provides infrastructure to financial institutions wanting to use the blockchain, which is the technology underlying the digital currency Bitcoin, in their products and services. The blockchain enables entities to digitally transfer money and other assets directly, securely and near instantaneously.

Nasdaq will be testing the blockchain in Nasdaq Private Market, which is a marketplace for pre-IPO trading of shares in private companies; launched in January 2014, it so far has more than 75 clients.

The next time you buy corporate shares could be on a blockchain.___

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2015-06-26 13:57:44 (1 comments, 1 reshares, 7 +1s)Open 

Goldman Sachs Survey: Most Millennials Won't Use Bitcoin

A new survey published by Goldman Sachs has found that just over half of US millennials believe they will never use bitcoin.

Fifty-one percent of the 752 survey respondents said that they had never used bitcoin nor do they have any plans to do so. Twenty-two percent said they currently use it or have used it in the past, and intend to use it again.

I think the fact that a half decade old technology has already been able to reach 49% of millennials is astonishing. If you look at the limited use cases bitcoin has had over the past few years, and have a good clue for the future, this has to be highly encouraging news for bitcoin supporters. 

Goldman Sachs Survey: Most Millennials Won't Use Bitcoin

A new survey published by Goldman Sachs has found that just over half of US millennials believe they will never use bitcoin.

Fifty-one percent of the 752 survey respondents said that they had never used bitcoin nor do they have any plans to do so. Twenty-two percent said they currently use it or have used it in the past, and intend to use it again.

I think the fact that a half decade old technology has already been able to reach 49% of millennials is astonishing. If you look at the limited use cases bitcoin has had over the past few years, and have a good clue for the future, this has to be highly encouraging news for bitcoin supporters. ___

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2015-06-26 13:49:49 (0 comments, 1 reshares, 2 +1s)Open 

FATF: Regulate Virtual Currency Exchanges to Counter Crime Risks

The Financial Action Task Force (FATF) has recommended closer monitoring of digital currency exchanges and gateways to counter money laundering and terrorism financing.

FATF published its 'Guidance for a risk-based approach to virtual currencies' at a plenary meeting held this week in Brisbane.

The 48-page document acknowledges that digital currencies carry several economic benefits such as decreased transaction costs, financial inclusion for those lacking access to banking services and the facilitation of microtransactions.

However, they also carry risks of money laundering and terrorist financing and "other crime risks that must be identified and mitigated", it warns.

Another group of regulators trying to regulate.

FATF: Regulate Virtual Currency Exchanges to Counter Crime Risks

The Financial Action Task Force (FATF) has recommended closer monitoring of digital currency exchanges and gateways to counter money laundering and terrorism financing.

FATF published its 'Guidance for a risk-based approach to virtual currencies' at a plenary meeting held this week in Brisbane.

The 48-page document acknowledges that digital currencies carry several economic benefits such as decreased transaction costs, financial inclusion for those lacking access to banking services and the facilitation of microtransactions.

However, they also carry risks of money laundering and terrorist financing and "other crime risks that must be identified and mitigated", it warns.

Another group of regulators trying to regulate.___

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2015-06-24 21:41:21 (2 comments, 3 reshares, 10 +1s)Open 

NY Bitcoin Businesses Now Have 45 Days to Apply for BitLicense

The New York State Department of Financial Services (NYDFS) has officially adopted the BitLicense following the framework's publication in the New York State Register.

Now in effect, the BitLicense makes New York the first US state to formally launch a custom-made regulatory approach to bitcoin and digital currencies.

The publication in the register also kicks off a 45-day grace period, during which time companies and individuals that offer digital currency services to New York residents must apply for a BitLicense.

Obtaining the BitLicense means paying a $5,000 non-refundable application fee, with the possibility of additional application costs as determined by the NYDFS, and submitting details about those running the company, their financial and legal histories and their plansfor runni... more »

NY Bitcoin Businesses Now Have 45 Days to Apply for BitLicense

The New York State Department of Financial Services (NYDFS) has officially adopted the BitLicense following the framework's publication in the New York State Register.

Now in effect, the BitLicense makes New York the first US state to formally launch a custom-made regulatory approach to bitcoin and digital currencies.

The publication in the register also kicks off a 45-day grace period, during which time companies and individuals that offer digital currency services to New York residents must apply for a BitLicense.

Obtaining the BitLicense means paying a $5,000 non-refundable application fee, with the possibility of additional application costs as determined by the NYDFS, and submitting details about those running the company, their financial and legal histories and their plans for running a digital currency business.

And so the madness of regulation begins. It will be very interesting to see how many businesses end up registering and what their remarks are about the added oversight.

On a side note if you were ever on the fence and are needing a reason to get out of New York then this is the perfect example of why you'd want to leave the state. With other states and countries encouraging bitcoin innovation it makes no sense why New York wants to limit their growth. ___

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2015-06-23 17:04:35 (3 comments, 0 reshares, 6 +1s)Open 

Blockchain Capital Raises $7 Million for Startup Fund

Blockchain Capital has raised $7m toward a second investment fund for bitcoin and blockchain technology ventures.

The firm, formerly known as Crypto Currency Partners, is helmed by Bitcoin Foundation board chairman Brock Pierce. It has invested more than $1.2m in 29 bitcoin and blockchain industry startups including Blockstream, Coinbase, Ripple Labs and Xapo to date.

With their change from CCP to Blockchain Capital it'll be interesting to see what types of investments come out of this. There's obviously a whole world outside of just currencies in bitcoin so anything that can be improved by simple consensus, prepare to be disrupted. 

Blockchain Capital Raises $7 Million for Startup Fund

Blockchain Capital has raised $7m toward a second investment fund for bitcoin and blockchain technology ventures.

The firm, formerly known as Crypto Currency Partners, is helmed by Bitcoin Foundation board chairman Brock Pierce. It has invested more than $1.2m in 29 bitcoin and blockchain industry startups including Blockstream, Coinbase, Ripple Labs and Xapo to date.

With their change from CCP to Blockchain Capital it'll be interesting to see what types of investments come out of this. There's obviously a whole world outside of just currencies in bitcoin so anything that can be improved by simple consensus, prepare to be disrupted. ___

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2015-06-22 18:47:33 (0 comments, 4 reshares, 4 +1s)Open 

Abra Wants to be the Uber of Digital Cash, Says Founder Bill Barhydt at Exponential Finance 2015

Abra, a blockchain company that wants to take a slice of the $550 billion global remittance market, is showing what can happen when several digital technologies converge in one product. Combining an Uber-like peer-to-peer network with smartphone technology and the blockchain, Abra permits sending cash as easy as sending a text message.

At Exponential Finance, Abra’s founder Bill Barhydt estimated that we’re three years away from modern smartphones becoming ubiquitous in the developing world. At that point, it’s possible many of the world’s unbanked billions in developing countries will skip traditional finance, a little like how they leapfrogged landlines for cell phones.

Barhydt stated that Abra aims to be the Uber of digital cash. Abra, which allows people tosend and ... more »

Abra Wants to be the Uber of Digital Cash, Says Founder Bill Barhydt at Exponential Finance 2015

Abra, a blockchain company that wants to take a slice of the $550 billion global remittance market, is showing what can happen when several digital technologies converge in one product. Combining an Uber-like peer-to-peer network with smartphone technology and the blockchain, Abra permits sending cash as easy as sending a text message.

At Exponential Finance, Abra’s founder Bill Barhydt estimated that we’re three years away from modern smartphones becoming ubiquitous in the developing world. At that point, it’s possible many of the world’s unbanked billions in developing countries will skip traditional finance, a little like how they leapfrogged landlines for cell phones.

Barhydt stated that Abra aims to be the Uber of digital cash. Abra, which allows people to send and receive money without a bank account, is building a global network of “human ATM machines,” empowered end-users who don’t even have to understand Bitcoin to use the underlying blockchain technology embedded in the Abra app.

Barhydt described Abra as “the world’s first digital cash-based peer-to-peer mobile money transfer network.” The Abra app allows anyone with a smartphone to send money to any other smartphone anywhere on the planet any time of day. The goal of Abra is to be as “private as traditional cash, but without introducing any financial intermediary.”

Soon using bitcoin will be as ubiquitous as using a cell phone and products like Abra can help lead the way to that future. Often this will be without the end user ever even realizing that they are using the blockchain or even what bitcoin is.___

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2015-06-20 02:15:17 (0 comments, 5 reshares, 14 +1s)Open 

Canadian Senate Says No to Regulating Digital Currencies

The Canadian Senate’s Banking, Trade and Commerce (BTC) committee released its final report Friday asking the federal government to use a “light touch” in dealing with digital currencies.

“We’ve heard, and we agree, that blockchain technology is at a delicate stage in its development and use,” the report reads. “This is why we urge the Government to explore the vast potential of this technology, while treading carefully when contemplating regulations that may restrict and stifle its use and development.”

This is exactly the stance that governments should be taking. While I'm happy for my neighbors up North it is discouraging to watch my country's legislators often pursuing the complete opposite. 

Canadian Senate Says No to Regulating Digital Currencies

The Canadian Senate’s Banking, Trade and Commerce (BTC) committee released its final report Friday asking the federal government to use a “light touch” in dealing with digital currencies.

“We’ve heard, and we agree, that blockchain technology is at a delicate stage in its development and use,” the report reads. “This is why we urge the Government to explore the vast potential of this technology, while treading carefully when contemplating regulations that may restrict and stifle its use and development.”

This is exactly the stance that governments should be taking. While I'm happy for my neighbors up North it is discouraging to watch my country's legislators often pursuing the complete opposite. ___

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2015-06-18 20:03:41 (0 comments, 1 reshares, 7 +1s)Open 

Bitcoin Hardware Wallet 'Case' Raises $1.5 Million

New York-based bitcoin hardware wallet provider Case (formerly CryptoLabs) has raised $1.5m in new seed funding.

First announced in fall 2014, the Case wallet became available for pre-order this May, with shipment of the first 1,000 units expected to be completed this summer. The product promises various security features including multisig and biometric authentication technology.

It's great to see that infrastructure plays are still being maintained and that innovative security projects are being funded. While I really look forward to secure elements in our mobile devices for bitcoin, I'm still very excited for what Case can bring to the table. 

Bitcoin Hardware Wallet 'Case' Raises $1.5 Million

New York-based bitcoin hardware wallet provider Case (formerly CryptoLabs) has raised $1.5m in new seed funding.

First announced in fall 2014, the Case wallet became available for pre-order this May, with shipment of the first 1,000 units expected to be completed this summer. The product promises various security features including multisig and biometric authentication technology.

It's great to see that infrastructure plays are still being maintained and that innovative security projects are being funded. While I really look forward to secure elements in our mobile devices for bitcoin, I'm still very excited for what Case can bring to the table. ___

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2015-06-18 16:04:03 (1 comments, 1 reshares, 4 +1s)Open 

Secret Service Agent to Plead Guilty for Silk Road Violations

US Secret Service special agent Shaun Bridges will plead guilty to charges of money laundering and wire fraud stemming from the government investigation into the illicit online black market Silk Road.

Details first emerged of Bridges' alleged improper actions in March, when court documents revealed that Bridges had diverted $800,000 in digital currency to his personal bank accounts without authorization. Bridges was charged alongside Carl Mark Force IV, a Drug Enforcement Administration (DEA) agent also working on the case.

Secret Service Agent to Plead Guilty for Silk Road Violations

US Secret Service special agent Shaun Bridges will plead guilty to charges of money laundering and wire fraud stemming from the government investigation into the illicit online black market Silk Road.

Details first emerged of Bridges' alleged improper actions in March, when court documents revealed that Bridges had diverted $800,000 in digital currency to his personal bank accounts without authorization. Bridges was charged alongside Carl Mark Force IV, a Drug Enforcement Administration (DEA) agent also working on the case.___

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2015-06-18 16:00:48 (0 comments, 0 reshares, 1 +1s)Open 

Grexit’s Significant Impact on Digital Currencies

In March/April 2013, the exchange rate of bitcoin soared as a consequence of harsh capital controls introduced in Cyprus. Many people came to the conclusion that governments and banks couldn’t be trusted with their hard-earned savings, and started looking for alternative ways to store value, out of reach of predatory central banks. Bitcoin came to the rescue, and its price shot up as many people rushed to take money out of their saving accounts and buy bitcoin instead.

The recent spike in the exchange rate of bitcoin, which went up 10 percent in the last 24 hours – something unheard of in the last few months of relative stability – has been linked by many analysts to the more and more frequent rumors of Grexit – the spectrum of the possible exit of Greece from the eurozone and perhaps from the European Union (EU)itself.
more »

Grexit’s Significant Impact on Digital Currencies

In March/April 2013, the exchange rate of bitcoin soared as a consequence of harsh capital controls introduced in Cyprus. Many people came to the conclusion that governments and banks couldn’t be trusted with their hard-earned savings, and started looking for alternative ways to store value, out of reach of predatory central banks. Bitcoin came to the rescue, and its price shot up as many people rushed to take money out of their saving accounts and buy bitcoin instead.

The recent spike in the exchange rate of bitcoin, which went up 10 percent in the last 24 hours – something unheard of in the last few months of relative stability – has been linked by many analysts to the more and more frequent rumors of Grexit – the spectrum of the possible exit of Greece from the eurozone and perhaps from the European Union (EU) itself.

If you believe that Cyprus helped lead to the highs of 2013 then imagine where the price could go if the Greeks were to join the bitcoin ecosystem in large numbers. ___

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2015-06-18 06:38:17 (1 comments, 1 reshares, 1 +1s)Open 

Which woman would you choose for the new $10 bill?

Treasury says woman will be picked for $10 bill - Alexander Hamilton, who has been featured on the $10 bill since 1929, is making way for a woman. http://ow.ly/30ak0D___Which woman would you choose for the new $10 bill?

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2015-06-18 04:59:50 (9 comments, 0 reshares, 10 +1s)Open 

Word.

Stolen from /r/bitcoin but needed more cowbell. #bitcoin  ___Word.

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2015-06-18 04:37:00 (0 comments, 1 reshares, 3 +1s)Open 

Bitcoin Tracker One ETN is now trading worldwide

Last month Bitcoin Magazine reported that Bitcoin Tracker One, the first Bitcoin-based security available on a regulated exchange, started trading on Nasdaq Stockholm. Now, Bitcoin Tracker One, a product launched by the Swedish company XBT Provider AB, is available to investors in 179 countries via Interactive Brokers.

Bitcoin Tracker One is an “Exchange Traded Note” (ETN) designed to provide investors with convenient access to the returns of the underlying asset, U.S. dollar (USD) per bitcoin, less investor fees. The average dollar exchange rate of bitcoin from the exchanges Bitfinex, Bitstamp and OKCoin provides the underlying reference price.

To the moon!

Bitcoin Tracker One ETN is now trading worldwide

Last month Bitcoin Magazine reported that Bitcoin Tracker One, the first Bitcoin-based security available on a regulated exchange, started trading on Nasdaq Stockholm. Now, Bitcoin Tracker One, a product launched by the Swedish company XBT Provider AB, is available to investors in 179 countries via Interactive Brokers.

Bitcoin Tracker One is an “Exchange Traded Note” (ETN) designed to provide investors with convenient access to the returns of the underlying asset, U.S. dollar (USD) per bitcoin, less investor fees. The average dollar exchange rate of bitcoin from the exchanges Bitfinex, Bitstamp and OKCoin provides the underlying reference price.

To the moon!___

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2015-06-18 04:33:49 (0 comments, 0 reshares, 3 +1s)Open 

Coinbase Launches Instant Exchange to Help Users Avoid Bitcoin Volatility

Coinbase users can now send bitcoin payments without being exposed to the digital currency’s volatility.

Users with a fiat wallet (must be verified in order to get it) allows use of Bitcoin’s global payment network without being exposed to the price of the digital currency. Coinbase’s Instant Exchange deducts an equal amount to the bitcoin the user wants to send, effectively exchanging the two. The service is similar to one offered by Coinbase to bitcoin-accepting merchants.

This is another huge step towards people using bitcoin without ever even realizing they do. I would be highly interested to see how this will play out with regulators though. 

Coinbase Launches Instant Exchange to Help Users Avoid Bitcoin Volatility

Coinbase users can now send bitcoin payments without being exposed to the digital currency’s volatility.

Users with a fiat wallet (must be verified in order to get it) allows use of Bitcoin’s global payment network without being exposed to the price of the digital currency. Coinbase’s Instant Exchange deducts an equal amount to the bitcoin the user wants to send, effectively exchanging the two. The service is similar to one offered by Coinbase to bitcoin-accepting merchants.

This is another huge step towards people using bitcoin without ever even realizing they do. I would be highly interested to see how this will play out with regulators though. ___

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2015-06-17 02:05:50 (0 comments, 0 reshares, 4 +1s)Open 

Kleiner Perkins Taps Bitcoin Startup Founder for $4 Million Investment Fund

Kleiner Perkins Caufield & Byers, one of the oldest and most storied venture capital firms in Silicon Valley, has named a bitcoin startup founder to the staff of its new seed-stage fund.

Called the Edge Fund, the early-stage operation will provide investments of $250,000 to help selected startups with development, programming and recruiting. Targets for the $4m fund reportedly include a full range of emerging technologies including virtual reality, digital health and the blockchain.

This is another example that investment in innovative technologies will continue and that digital currencies are one of those technologies. While the price per bitcoin may be holding stable the overall economy is still receiving plenty of investment.

Kleiner Perkins Taps Bitcoin Startup Founder for $4 Million Investment Fund

Kleiner Perkins Caufield & Byers, one of the oldest and most storied venture capital firms in Silicon Valley, has named a bitcoin startup founder to the staff of its new seed-stage fund.

Called the Edge Fund, the early-stage operation will provide investments of $250,000 to help selected startups with development, programming and recruiting. Targets for the $4m fund reportedly include a full range of emerging technologies including virtual reality, digital health and the blockchain.

This is another example that investment in innovative technologies will continue and that digital currencies are one of those technologies. While the price per bitcoin may be holding stable the overall economy is still receiving plenty of investment.___

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2015-06-17 01:15:34 (0 comments, 2 reshares, 4 +1s)Open 

Swiss Tax Authorities Confirm that Bitcoin is VAT-free in Switzerland

Bitcoin Association Switzerland reports that, according to the Swiss Federal Tax Administration, no VAT applies to bitcoin in Switzerland. The transfer of bitcoin doesn’t constitute delivery of goods or services, and therefore it’s not subject to VAT.

“This is the most reasonable way to classify bitcoins in the context of VAT, and we are fortunate that the tax administration agrees with our view,” says Luzius Meisser, president of Bitcoin Association Switzerland. “Bitcoin is a currency, and thus should also be treated like a currency.”

Big shout out to the Swiss Tax Admin for a positive ruling to ensure people are not improperly taxed when it comes to bitcoin transactions. 

Swiss Tax Authorities Confirm that Bitcoin is VAT-free in Switzerland

Bitcoin Association Switzerland reports that, according to the Swiss Federal Tax Administration, no VAT applies to bitcoin in Switzerland. The transfer of bitcoin doesn’t constitute delivery of goods or services, and therefore it’s not subject to VAT.

“This is the most reasonable way to classify bitcoins in the context of VAT, and we are fortunate that the tax administration agrees with our view,” says Luzius Meisser, president of Bitcoin Association Switzerland. “Bitcoin is a currency, and thus should also be treated like a currency.”

Big shout out to the Swiss Tax Admin for a positive ruling to ensure people are not improperly taxed when it comes to bitcoin transactions. ___

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2015-06-16 22:02:34 (0 comments, 0 reshares, 4 +1s)Open 

Gyft Unveils New Tech for Blockchain-Powered Gift Cards

Gyft and bitcoin API developer Chain have partnered to create Gyft Block, a trading platform aiming to make gift cards easier to exchange.

Announced at Belfast's MoneyConf, the news marks Gyft CEO Vinny Lingham's latest step in transitioning his mobile gift card company from one of bitcoin's most active merchants to a more direct supporter of its underlying technology.

Gyft Block is part of Gyft's broader mission to digitize gift cards so that they can be securely traded using bitcoin's public ledger, the blockchain. Termed 'gift cards 2.0', the ambitious project was first revealed at SXSW in March and followed Lingham's own involvement as an advisor and investor in so-called 'crypto 2.0' firms, including Koinify and Trustatom.

I know this could bevery useful t... more »

Gyft Unveils New Tech for Blockchain-Powered Gift Cards

Gyft and bitcoin API developer Chain have partnered to create Gyft Block, a trading platform aiming to make gift cards easier to exchange.

Announced at Belfast's MoneyConf, the news marks Gyft CEO Vinny Lingham's latest step in transitioning his mobile gift card company from one of bitcoin's most active merchants to a more direct supporter of its underlying technology.

Gyft Block is part of Gyft's broader mission to digitize gift cards so that they can be securely traded using bitcoin's public ledger, the blockchain. Termed 'gift cards 2.0', the ambitious project was first revealed at SXSW in March and followed Lingham's own involvement as an advisor and investor in so-called 'crypto 2.0' firms, including Koinify and Trustatom.

I know this could be very useful to me. I've been sitting on an unused McDonald's gift card for month now and could easily see trading that card in to buy some groceries at Costco.___

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2015-06-16 04:59:51 (0 comments, 1 reshares, 4 +1s)Open 

Bitcoin Mining Pool BTC Guild to Close Over BitLicense Concerns

BTC Guild is set to close at the end of June, months after previously announcing that it would shut down its long-running bitcoin mining pool.

In its announcement, posted to Bitcoin Talk, owner Eleuthria cited the finalization of the BitLicense as a primary motivator for shutting down, stating that BTC Guild could not afford any legal threats that may arise as a result of the New York regulatory framework.

This just goes to show that regulation isn't the best answer for such a new technology. When NY stifles US innovation in BTC that will only mean other countries or states will reap the benefits. 

Bitcoin Mining Pool BTC Guild to Close Over BitLicense Concerns

BTC Guild is set to close at the end of June, months after previously announcing that it would shut down its long-running bitcoin mining pool.

In its announcement, posted to Bitcoin Talk, owner Eleuthria cited the finalization of the BitLicense as a primary motivator for shutting down, stating that BTC Guild could not afford any legal threats that may arise as a result of the New York regulatory framework.

This just goes to show that regulation isn't the best answer for such a new technology. When NY stifles US innovation in BTC that will only mean other countries or states will reap the benefits. ___

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2015-06-15 19:19:16 (0 comments, 1 reshares, 6 +1s)Open 

Win Free Bitcoin

Don't forget to comment on the original post for your chance to win 8000 Satoshi. Please also share that post with your friends so others you know can have the chance to win too. (Sharing won't affect your chance of winning but could help someone else!)

I will be drawing the names on Wednesday afternoon and will Periscope the drawing when I do it. Thanks again for everyone's support and good luck!

Thank You!

I'd like to thank everyone for following my bitcoin collection here on Google+. I've decided to start doing a small giveaway to celebrate different milestones of followers and hope that this can help others get involved with BTC too.

This time I will be giving out 8000 Satoshis to celebrate the collection hitting it's 8000th follower. All you have to do to be considered is to comment on this post with why you are interested in bitcoin. In a couple days I will choose someone at random and share a new post giving out the bitcoin using +ChangeTip​'s​ tipping tool.

With ChangeTip you can tip others with your new bitcoins or can withdraw to your own wallet. Feel free to go ahead and sign up at www.changetip.com. Good luck everyone and thanks again for following!___Win Free Bitcoin

Don't forget to comment on the original post for your chance to win 8000 Satoshi. Please also share that post with your friends so others you know can have the chance to win too. (Sharing won't affect your chance of winning but could help someone else!)

I will be drawing the names on Wednesday afternoon and will Periscope the drawing when I do it. Thanks again for everyone's support and good luck!

posted image

2015-06-15 19:06:15 (0 comments, 2 reshares, 5 +1s)Open 

MovieTickets.com Brings Bitcoin to Over 900 US Movie Theaters

MovieTickets.com, the number-two online movie ticket purchasing platform in the US, now enables movie-goers to buy movie tickets with bitcoin at 985 theaters.

The move was made possible through an integration with bitcoin payment processor GoCoin. As a result, theater chains that use the credit card processing services offered by MovieTickets.com will be able to accept bitcoin.

It might be time to go check out Jurassic World now.

MovieTickets.com Brings Bitcoin to Over 900 US Movie Theaters

MovieTickets.com, the number-two online movie ticket purchasing platform in the US, now enables movie-goers to buy movie tickets with bitcoin at 985 theaters.

The move was made possible through an integration with bitcoin payment processor GoCoin. As a result, theater chains that use the credit card processing services offered by MovieTickets.com will be able to accept bitcoin.

It might be time to go check out Jurassic World now.___

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2015-06-14 19:21:58 (22 comments, 2 reshares, 11 +1s)Open 

Thank You!

I'd like to thank everyone for following my bitcoin collection here on Google+. I've decided to start doing a small giveaway to celebrate different milestones of followers and hope that this can help others get involved with BTC too.

This time I will be giving out 8000 Satoshis to celebrate the collection hitting it's 8000th follower. All you have to do to be considered is to comment on this post with why you are interested in bitcoin. In a couple days I will choose someone at random and share a new post giving out the bitcoin using +ChangeTip​'s​ tipping tool.

With ChangeTip you can tip others with your new bitcoins or can withdraw to your own wallet. Feel free to go ahead and sign up at www.changetip.com. Good luck everyone and thanks again for following!

Thank You!

I'd like to thank everyone for following my bitcoin collection here on Google+. I've decided to start doing a small giveaway to celebrate different milestones of followers and hope that this can help others get involved with BTC too.

This time I will be giving out 8000 Satoshis to celebrate the collection hitting it's 8000th follower. All you have to do to be considered is to comment on this post with why you are interested in bitcoin. In a couple days I will choose someone at random and share a new post giving out the bitcoin using +ChangeTip​'s​ tipping tool.

With ChangeTip you can tip others with your new bitcoins or can withdraw to your own wallet. Feel free to go ahead and sign up at www.changetip.com. Good luck everyone and thanks again for following!___

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2015-06-11 14:44:54 (2 comments, 3 reshares, 8 +1s)Open 

ShapeShift.io stops doing business in New York, protesting 'BitLicense'

One company is suspending its services in New York, saying it needs to take a "moral and ethical stand" against a new state law regulating digital currency such as bitcoin.

ShapeShift, a digital currency exchange that doesn't require users to make accounts, announced Thursday it is pulling its service from New York state because it does not wish to comply with the recently issued BitLicense. That new law asks digital currency firms to, among other things, record some personal identifying information of its users. ShapeShift opposes that effort.

"We either would have to do something we're not comfortable with or leave New York," ShapeShift CEO Erik Voorhees told CNBC. "It's a moral and ethical stand we're going take."

I'm ap... more »

ShapeShift.io stops doing business in New York, protesting 'BitLicense'

One company is suspending its services in New York, saying it needs to take a "moral and ethical stand" against a new state law regulating digital currency such as bitcoin.

ShapeShift, a digital currency exchange that doesn't require users to make accounts, announced Thursday it is pulling its service from New York state because it does not wish to comply with the recently issued BitLicense. That new law asks digital currency firms to, among other things, record some personal identifying information of its users. ShapeShift opposes that effort.

"We either would have to do something we're not comfortable with or leave New York," ShapeShift CEO Erik Voorhees told CNBC. "It's a moral and ethical stand we're going take."

I'm a proud supporter of ShapeShift's decision. It's unfortunate that the people of New York are the ones who will suffer but you can do something to help! Go to http://pleaseprotectconsumers.org/ to learn more.___

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2015-06-11 14:09:43 (1 comments, 3 reshares, 8 +1s)Open 

OpenBazaar Raises $1 Million from Silicon Valley Giants

OpenBazaar aims to enable broader peer-to-peer e-commerce, free from the privacy and economic concerns attributed to more centralized models, using bitcoin as a medium of exchange.

The announcement comes more than a year afterDarkMarket, the proof-of-concept decentralized market on which OpenBazaar is based, won the hackathon at the Bitcoin Expo Toronto in April 2014. OpenBazaar, later forked from DarkMarket, has since released several beta versions, with the most recent, dubbed “Portobello”, launched inlate April.

The project received backing from venture firmsAndreessen Horowitz and Union Square Ventures, and angel investor William Mougayar.

Outside of sidechains, OpenBazaar is one of the more exciting projects being developed. These types of decentralization will allow anyone to be able tohold th... more »

OpenBazaar Raises $1 Million from Silicon Valley Giants

OpenBazaar aims to enable broader peer-to-peer e-commerce, free from the privacy and economic concerns attributed to more centralized models, using bitcoin as a medium of exchange.

The announcement comes more than a year afterDarkMarket, the proof-of-concept decentralized market on which OpenBazaar is based, won the hackathon at the Bitcoin Expo Toronto in April 2014. OpenBazaar, later forked from DarkMarket, has since released several beta versions, with the most recent, dubbed “Portobello”, launched inlate April.

The project received backing from venture firmsAndreessen Horowitz and Union Square Ventures, and angel investor William Mougayar.

Outside of sidechains, OpenBazaar is one of the more exciting projects being developed. These types of decentralization will allow anyone to be able to hold the same economic transactions that are available when meeting in person but online. ___

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2015-06-10 02:00:11 (0 comments, 0 reshares, 3 +1s)Open 

Blockstream Moves Ahead with Sidechain Elements, the First Implementation of Sidechains

The Bitcoin Sidechains paper envisages an ecosystem of “sidechains” separate from the main Bitcoin blockchain but interoperable with it by means of two-way pegs, allowing for the transfer of assets between sidechains and the main blockchain. A sidechain can implement changes from Bitcoin Core, for example, more powerful scripting features or more watertight privacy. According to Blockstream, sidechains enable innovators to safely develop new applications without jeopardizing Bitcoin’s core code and putting billions of dollars worth of digital currency at risk.

Now Blockstream has announced Sidechain Elements, a sidechain development framework with open source code and developer sidechains.

Sidechain Elements includes functioning code and a testing environment for workingwith sidec... more »

Blockstream Moves Ahead with Sidechain Elements, the First Implementation of Sidechains

The Bitcoin Sidechains paper envisages an ecosystem of “sidechains” separate from the main Bitcoin blockchain but interoperable with it by means of two-way pegs, allowing for the transfer of assets between sidechains and the main blockchain. A sidechain can implement changes from Bitcoin Core, for example, more powerful scripting features or more watertight privacy. According to Blockstream, sidechains enable innovators to safely develop new applications without jeopardizing Bitcoin’s core code and putting billions of dollars worth of digital currency at risk.

Now Blockstream has announced Sidechain Elements, a sidechain development framework with open source code and developer sidechains.

Sidechain Elements includes functioning code and a testing environment for working with sidechains with several components: the core network software to build an initial testing sidechain, eight new features not currently supported by Bitcoin, a basic wallet and the code for moving coins between blockchains.

If sidechains could be fully implemented before our current blocks start filling up then I would much prefer this solution to increasing the block size. Not only would it solve the block size but it could finally enable users to get the speed of Litecoin or the privacy of Dash without leaving bitcoin at all. ___

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