Tag Archives: Business

This is Gavin. I trust Gavin.

If you don’t take time to watch the video below, then in my opinion you have no right at all, to professionally comment on #Bitcoin.

 

Centre for Foreign Relations Video –> Bitcoin and the Mainstream <—

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Why is Bitcoin Value Rising ?

The ruins of an ancient Chinese watchtower fro...

The ruins of an ancient Chinese watchtower from the Han Dynasty (202 BC – 220 AD), located along what was the old line of rammed-earth fortifications in Dunhuang, Gansu province, China, that once stretched from the Hexi Corridor (in Gansu) to the Tarim Basin (in modern Xinjiang). (Photo credit: Wikipedia)

The Washington Post published an excellent article recently.

The short summary is:

1. Silk Road (A site selling illegal items where payment was Bitcoin only) was closed down. The US Government confirmed it has no problem with Bitcoin as a currency, just the criminals that use it. Just like cash really. The US authorities also seized over $20 Million worth of Bitcoin when it shut down Silk Road, so the US Government is now a stakeholder (big Bitcoin owner).

2. The Chinese are starting to adopt Bitcoin. There are over 1 Billion Chinese people, there will only ever be 21 million Bitcoin, it’s easy maths in my opinion.

Yesterday, it was announced that the BTC China (China’s Bitcoin Exchange) has become the worlds largest exchange by number of coins traded.

The full Washington Post article is here: “Why Bitcoin prices are at a five month high”  I hope you enjoy it.

Also this week the first Bitcoin ATM went live in Vancouver, Canada. You can buy Bitcoin or withdraw Canadian Dollars, perfect.

Last, but not least, a very successful technology entrepreneur raises $9 Million for a Bitcoin start up called Circle, “We’re building digital currency products that make money simpler, safer, and more powerful.”

It’s all great news!

Thanks for reading.

Bitcoin, bitcoin coin, physical bitcoin, bitco...

Bitcoin, bitcoin coin, physical bitcoin, bitcoin photo (Photo credit: antanacoins)

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Weekly Links – April 24th 2013

The bitcoin logo

The bitcoin logo (Photo credit: Wikipedia)

This is the first weekly update. Each week we will share links we have found, interesting Twitter streams and Blogs. We will add some commentary and opinion too sometimes.

So here goes…

BitCoin.org – The official website for “The BitCoin Project” – Check out the resources page too.

Business Insider – A well crafted, easy to follow PowerPoint as to “What BitCoin Actually Is”.

The Guardian  – Why Banks and Government are scared of BitCoin

The Times  – An opinion column by Matt Ridley – It’s only an intro before you are invited to subscribe to The Times, sorry. 

A USA Venture Capitalist ViewY Combinator Founder suspects BitCoin was created by a Government

Why BitCoin is here to stay  – An easy to follow video interview with a Senior Fellow of the Mercatus Center .

Who Uses BitCoin – The demographic breakdown of current users.

How Many BitCoins Are Held Unspent and How Old Are They ?  – Lots of stats, graphs and commentary. 

BitCoin Drilling Machines – BitCoins are “Mined” here is a super size mining drill. A little bit scary, almost tech porn.

We hope you find the links helpful. If have you any questions, please use the comments section.

BitCoin Coach

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