Why Travel Could Be Bitcoin’s Killer App

Though undeniably popular with its ardent supporters, bitcoin is arguably still searching for a practical application that makes it indispensable to mainstream users.That doesn’t mean there aren’t real use cases for bitcoin that could bring the kind of payments revolution many in the industry are hoping to achieve, though.Being both digital and decentralized, bitcoin is already a globalized electronic currency that operates across international...

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Russia Proposes Monetary Penalties for Bitcoin Use and Promotion

The Ministry of Finance of the Russian Federation has released the full version of the draft bill that, if passed in current form, would effectively ban the creation and distribution of software that allows for the use of money substitutes, including bitcoin and all digital currencies.First announced as a proposal in August, the news marks the first time that the Ministry of Finance has made the proposed law public, as well as its definition of...

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Do’s and Don’ts of Bitcoin Fundraising Campaigns

So you love Bitcoin, and you wanna do something great with it to help change the world? That’s wonderful, you’re an idealist with vision, passion and the courage to reach out and DO SOMETHING meaningful and positive for the world, but are you ready to take on the challenge?Here are a few tips from someone who’s been on the Bitcoin frontline and learned a thing or two about what, and what not to do.Don’t try and do everything yourself! Bitcoin fundraising...

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Bitcoin’s Impact on the Online Gaming Industry

The rise of the free and open Internet since the early 1990s has led the gambling industry to expand its reach further into new markets. Despite strict and heavy regulatory policies, online gambling firms have managed to comply with a seemingly endless barrage of tighter gambling laws. Likewise, new payment systems have emerged that provide easier ways to lure people into making more bets. One such scheme is the introduction of Bitcoin, which is...

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A Magna Carta for Bitcoin

The Constitution is a living document. The Bible is a living document. The manifesto for the Pepsi logo is a living document and the Bitcoin white paper is breath, a breath of fresh air. Yes, this document is a representation of pure mathematical truth; however, I believe we are at fault if we are to assume “truth” is ubiquitously understood by the masses, or, that the white paper is a system of values and virtues the masses can empathize with.The...

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Georgia Tech and BitPay Announce Bitcoin Integration

ATLANTA, GA – OCTOBER 1, 2014 — Georgia Institute of Technology will be the first university in the world to integrate bitcoin payments into its stadium concession sales and student dining and shopping credit system, announced Wednesday by BitPay, the world’s leading bitcoin payment processor.Bitcoin point of sale devices will be located in the student section of Bobby Dodd Stadium, and the Barnes & Noble store in Tech Square will be home to...

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Bitcoin: Magic, Fraud, or Sufficiently Advanced Technology? Part II: Technical Structure

Part I introduced some of the challenges in the way of the public understanding of how Bitcoin works, and summarized the strategic roles of the open source software model, peer-to-peer networking, and digital signatures. Part II concludes by discussing hashing and the essential roles it plays in the technical structure of Bitcoin, as well how the system has been designed to be self-financing right from the beginning into the indefinite future.Making...

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The Liberty Beat Partners with Genesis Communications Network

The Liberty Beat Partners with Genesis Communications NetworkFOR IMMEDIATE RELEASEContact: John Bush, Owner and Editor in Chief of The Liberty BeatPhone: 512-773-6102 Email: JohnBush512@gmail.comSan Marcos, TX – The Liberty Beat, your daily source for liberty news and activist updates, is announcing a new partnership with the Genesis Communications Network that will greatly expand the reach of the program. The daily news service will also soon be...

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Crypto-Anarchists and Cryptoanarchists

The word “crypto” is Greek in origin (from kryptós) and means “hidden” or “secret.” Cryptozoology is the study of hidden and rare animals, cryptography is the study of hidden or secret writings, etc. In contemporary times, the use of crypto as a prefix usually designates a secret identification. While few today would declare their allegiance to the ideals of fascism, it is not uncommon to hear people referred to as “crypto-”fascists. The addition...

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Bitcoin: Magic, Fraud, or Sufficiently Advanced Technology?: Part I

Arthur C. Clarke’s third law famously states: “Any sufficiently advanced technology is indistinguishable from magic.” What Bitcoin makes possible can at first seem almost magical, or just impossible (and therefore most likely fraudulent or otherwise doomed). The following describes the basic technical elements behind Bitcoin and how it brings them together in new ways to make seeming magic possible in the real world.Clarke’s second law states: “The...

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