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Category — Bitcoin

Bitcoin in Real Life.

Bitcoin in Real Life

A loyal reader, Merv, sent an email on Sunday. He wanted me to check out a YouTube video he’d seen about Bitcoin.

He was eager to hear what I had to say.

To give you some context, the video is of two young guys trying to buy and subsequently use one Bitcoin in the real world.

They go to one of the world’s first Bitcoin ATM’s in Handlebar, a bar in Austin, Texas, to get their Bitcoin.

The ATM at Handlebar was built by Robocoin. Robocoin has built perhaps the most extensive network of Bitcoin machines in the world. However, Robocoin sells the machines; they don’t necessarily operate them.

One of the men registers his account at the Robocoin ATM. He gives a valid email, palm scan, photo, and mobile number. Soon enough he’s purchased a Bitcoin.

He scans the QR code for his Bitcoin, and the Bitcoin transfers to his Bitcoin wallet, on his phone.

Buying a Bitcoin from this particular ATM was straightforward, especially for an experimental technology. The transaction took place at South by Southwest (SXSW),a large tech and lifestyle event, so you’d assume a number of merchants would be available to accept Bitcoin Or so it seemed… [Read more →]

June 10, 2014   Comments Off

2014 the Year Bitcoin Went Mainstream.

2014 the Year Bitcoin Went Mainstream

Just hours ago the BBC reported Donetsk airport in the Ukraine is now in full control of the Ukraine military.

A bloody battle raged over the last two days. Reports say at least 30 pro-Russian separatists are dead. Airstrikes and well equipped ground forces took control of the airport. And the Ukraine army has declared a small victory.

Meanwhile in Brussels four people were killed by a gunman at the Jewish Museum on Saturday. The gunman is still at large.

Also, over the weekend European elections were in full swing. A number of ‘fringe’ parties have now secured seats in the European parliament.

One of the new parties is a German party, now with a seat. They are the National Democratic Party. And many reports are in circulation describing them as another neo-Nazi party.

And Golden Dawn, the Greek ultra-nationalist party, now has three members in the EU parliament. Golden Dawn is also a far-right neo-Nazi-esque party. There are even accusations of murder amongst party members. They secured nearly 10% of the vote in Greece.

Of course the French have also spoken, with the Front National Party getting…25% of the vote in France. FN is also a far-right political party. Granted less than half of France voted (it’s not compulsory to vote in EU elections). But it’s still an indictment to the current state of the European Union.

In fact the whole of the European union looks like it will crumble under the weight of regressive and backwards ideology.

And of course I mustn’t forget that Thailand is currently under martial law. A military coup has overthrown the government and a strict four hour midnight curfew is in full swing.

Apparently military coups are supposed to return ‘stability’ to a country… [Read more →]

June 3, 2014   Comments Off