Bitcoin – Page 11

Bitcoin Merchants Launch the First “Bitcoin Black Friday”

Julia Dixon on November 4, 2012

50+ merchants in the Bitcoin community have joined together to promote a Black Friday sale, “the biggest sale Bitcoin has ever seen.”

There has been dramatic growth in the number of online merchants who accept Bitcoin, but with an estimated 78% of bitcoins stagnant, Bitcoin Friday hopes to stimulate the Bitcoin economy and get some coins moving!

Those participating include Coinabul, Mt.Gox, bitpay, BitInstant, and more.

Bitcoin, The European Central Bank Sees You As a Threat to Financial Stability

Julia Dixon on October 31, 2012

The ECB recently released a report on “Virtual Currency Schemes”. It is, in parts, surprisingly well done. It includes a good definition of money, it recognizes that virtual currencies are ‘digital cash’, it discusses Austrian economics and even quotes Rothbard, Hayek and Mises! The guys that put this together are smart and understand “Virtual Currency Schemes” i.e. Bitcoin.

But the piece can be summed up with this line… Should Bitcoin ever truly catch on, it will damage the current banking system and threaten “financial stability”.

Bits and Pieces 30thOct12

Julia Dixon on October 29, 2012

Bitcoin makes some TV appearances, drama over German gold, talk of European bonds “part-backed by gold”, a report on mobile payments in developing countries, AML enforcement and more.

The Blue Market: Bitcoin, Dollars and Pot-Banging Protests in Argentina

Julia Dixon on October 29, 2012

From The Blue Market

This post is a peep into the underground exchange markets for dollars and bitcoins in Argentina. For the last couple of weeks, I have experienced the informal exchange of bitcoin and dollars on first hand in Buenos Aires. Furthermore, I have realized how both locals and expats may reap significant gains by using bitcoins as a medium of exchange.

Dwolla offers new MassPay option

Julia Dixon on October 25, 2012

Dwolla is an online and mobile payment system, similar to PayPal, however, Dwolla’s fee’s are much lower at $0.25 per transaction over $10, and transactions under $10 free of charge. Like PayPal, Dwolla is based on the US dollar. Un-like PayPal, you can use it to purchase bitcoins at exchanges such as Mt.Gox.

Dwolla has just announced their new mass payment system, appropriately titled MassPay.

The Old Radical: How Bitcoin Is Being Destroyed

Julia Dixon on October 24, 2012

This piece was recently sent to me by “an old radical.” The message is perhaps a bit harsh, but I have to admit, all I can do is grimace and nod in agreement to this thesis… “Bitcoin and state banking systems are born enemies: only one can survive. If you are imagining that they can peacefully coexist, you are fooling yourself.”

BitInstant: Surprise, The US Dollar is a Virtual Currency

Julia Dixon on October 18, 2012

In a blog post put up today, BitInstant’s Erik Voorhees makes an excellent and very simple argument. People often have an aversion to Bitcoin on the basis that it is purely virtual, but the money you have sitting in your bank account “is virtual already… bitcoins, and other virtual currencies, are no more virtual than the money we’re already using every day.”

Coinabul, a Bitcoin to Gold Marketplace

Julia Dixon on October 17, 2012

Gold and Bitcoin, two of my favourite things! I recently had a chat with Jay Shore, CEO of Coinabul and Jon Holmquist, Head of Marketing at Coinabul.com, about Bitcoin, gold and how Coinabul works.

Bitcoin Magazine: Interview With GLBSE’s James McCarthy/Nefario

Julia Dixon on October 16, 2012

Earlier today Bitcoin Magazine posted the below interview with GLBSE founder James McCarthy (Nefario).

Bitcoin Stock Exchange Shuts Down Suddenly

Julia Dixon on October 9, 2012

GLBSE is a stock exchange for shares of companies denominated in Bitcoins. Late last week, without warring, the exchange was closed. “Nefario”, the owner of the website, shut it down with no explanation given.