Bitcoin Lets POSaBIT Solve Cash-Only Cannabis in Washington State

A Seattle Bitcoin merchant is seeking to move the local cannabis scene forward from cash-only payments by using the virtual currency instead.

The aptly-named POSaBIT is currently installed at six outlets in the Washington State capital, with several others beyond.

Customers use their credit or debit card to purchase Bitcoin, which is then used to pay for goods at the point of sale.

“I saw an industry that was in dire need of a credit solution,” CEO and co-founder Ryan Hamlin, an ex-Microsoft executive, told local news resource Seattle Weekly. “I said, ‘Software has got to be able to solve this problem.’”

The service monetizes its features by charging a $2 flat fee per transaction, with an upper purchase cap of $150 Hamlin says is designed “to limit any exposure to Bitcoin abuse.”

POSaBIT means Washington follows in the footsteps of neighboring Oregon, which gained a sanctioned Bitcoin-based cannabis purchasing solution from First Bitcoin Capital last October.

Conversely, the state has recently tightened its virtual currency business laws, requiring a money transmitter license which saw well-known exchange Bitfinex close its doors to residents from March 1.

Full Read Here: https://cointelegraph.com/news/bitcoin-lets-posabit-solve-cash-only-cannabis-in-washington-state

Blockchain Academy Partners Satoshi Centre to Boost Bitcoin Education in Botswana


The South African-based Blockchain Academy is to collaborate with the Satoshi Centre to drive bitcoin and blockchain education in the African nation of Botswana.

According to an announcement from the Blockchain Academy, a two-day course, from the 1-2 May, 2017, will provide a detailed understanding of what bitcoin is and its distributed ledger. Attendees will also learn how they can utilize the technology when it comes to constructing their own applications.

Sonya Kuhnel, managing director of the Blockchain Academy, said that there is a call for blockchain skills in South Africa with Botswana pegged to see an increase in demand too.

She said:

This is an extremely interesting space to be involved in and provides many opportunities for incumbents and individuals to experiment with this emerging and disruptive technology.

Earlier this month, a Blockchain Academy was launched in the south Indian state of Kerala where it will endeavor to research and provide consulting with blockchain technology. Along with providing training and education in South Africa and India, the Blockchain Academy, established in 2015, does so too in Zimbabwe with clients ranging from Barclays, legal firms and entrepreneurs.


Full Read Here: https://www.cryptocoinsnews.com/blockchain-academy-partners-satoshi-centre-boost-bitcoin-education-botswana/

I think the best strategy for a dice game is always the 50/50 % bet. I usually used this strategy and go as high as 1/2 or max bet always. And I used the manual bet only. Because with this strategy you can always maximize your win every time. And I go bet using my instinct. If I feel that I'm going to win the next roll then I will max bet. Or if I feel otherwise then 1/2 of my previous bet. Sometimes I just used 5 as max spin if I want to go to auto roll.In Martingale system, 7 straight lose then you are done. But with this strategy, I think I only experienced 3 straight lost then back to win column again. I'm not saying that this strategy is perfect, but it suit my playing style. Its like playing baccarat or red and black in a roulette, always 50 % chance of winning.

Yes. Stable job will give you a good capital that you can used to invest in either the online or offline business. So it will give you a lot of opportunities to earn money. And it will not be difficult for you to earn hard money. But you need a lot of patience and time before you will see a good amount of cash flowing. So it depend on the individual, if you have the patience and the courage and the time and you are willing to learn, then making money is would be very easy.

We all know that a mother or a father is needed when we are growing up. The father figure has help reduce antisocial behavior and delinquency in boys and sexual activity in girls. While mothers are there to provide children with emotional security and in reading the physical and emotional cues of infants. So children raised by homosexuals are more likely to experience gender and sexual disorders when growing up. For me, children who are raised in a same-sex marriage environment are likely to grow either a lesbian or gay.

Since you started it, I would like to also share my personal experience in generating income without any investment. I got similar experience as yours, but initially I'm just doing freelance work and maintaining and writing several articles for multiple clients. But I saw the potential of earning good amount of money, so I tell my client that I'm giving up the job but then I started to put up my own blogs and do the SEO stuff and just after a couple of months I started to see good earnings from different affiliate networks. Only investment is time, but during that years I can sit in from of my computer for more than 12 hours so I don't have issues on time. 

Yes. And do not just click anything you see on the internet. Maybe you got it from some clickbait or something. And this virus are really good because they can bypass any anti-virus software out there. So just double or even triple check the address before sending it. Worst scenario is to completely wipe out your hard drive and re-install everything to get rid of the virus. But you need to backup first all important files before doing the re-format.

I think it is stillUS, the bitcoin user that should dictate and respond to all of the BU vs Core war. The miners nor Core has control of bitcoin. We should not listen to any FUD spreading around and we should respond by not selling, but buying bitcoin. However, I think the damage has been done already that's why the market price is falling, panic is setting in. But I still optimistic about everything. Bitcoin can still recover and we should look at the end of the year price to be able to see if $2000 is possible.

We all know on why the market price of bitcoin is dipping right now. Its all because of the BU vs Core war. And we see how the community are responding. And just like what the above members have said, you should hold to your bitcoin right now and see yourself profit in the long term. You said that is volatile right now, so I assume you also know how bitcoin price rebounded from those the market price dip. I am not against any alt coin, but I think bitcoin is a better investment for me in the long run, as compared to alt-coin.

Why The Bitcoin Miners Are Destined To Lose The Hard Fork Wars


Excuse me for indulging myself, but there are many points of view towards what may be an impending hard fork for Bitcoin. This may come across as a loosely coherent ramble, but at least it is short and sweet. There is enough here to put it on wax, so here’s what I see, in the big picture.

This is in response to the Medium post created by Peter Rizun yesterday, outlining how this hard fork may play out, and essentially showing a way BTU wins, in the long run. (Roger Ver tweeted his support for this post, so I read it and posted most of these thoughts in the comments section, and here we are.)


In my humble opinion, the problem I see coming is if BCU breaks off, it will become an altcoin, as has been established by the Bitcoin exchange establishment. These miners can mine all the blocks they want, if the greater community doesn’t trust their developers, doesn’t want an altcoin, and isn’t buying BCU, it is irrelevant by design.

The market will decide who wins, and anybody who is not a miner wants to stick with Core and their chain. The miners are one thing, the market is something else. The miners might win a battle, but they would lose that war. They should keep that in mind.

Full Read Here: http://bitcoinist.com/why-bitcoin-miners-destined-to-lose-hard-fork-wars/

A Winklevoss ETF Reboot? Analysts See Uphill Battle Ahead


A decision by a major exchange to fight the SEC rejection of a proposed bitcoin ETF has little chance of success, according to analysts polled by CoinDesk.

Bats BZX Exchange, one of the largest US equities markets, recently filed a petition asking US regulators to reconsider a ruling on the bitcoin fund proposed by investors Cameron and Tyler Winklevoss. Should it be approved, the Winklevoss Bitcoin Trust would be the first-ever bitcoin-based ETF, and would list on the Bats BZX Exchange.

However, SEC decisions are rarely overturned, according to Jeff Bishop, ETF expert and co-founder of investor message board platform RagingBull.com.

Bishop said:
"The only reason it would be overturned would be if new facts were produced to overcome [the SEC's] initial objections."

Full Read Here: http://www.coindesk.com/winklevoss-bitcoin-etf-relaunch-analysts-chance/

Thrilling and entertaining to watch but Mavs able to win over Clippers. I think the team was inspired more by the rejection of JJ Barea for flagrant two foul after he shoved Blake Griffin to the ground. After hitting the go-ahead bucket with still a minute to play, Barnes stripped Griffin with under five seconds left on a potential go-ahead layup for the Clippers. Dallas are now in 10th in the Western Conference and just three games behind Denver for the final playoff spot.

Me too, I don't believe on polls anymore, here, we have the Vice Presidential candidate of President Duterte was leading on polls leading on the day of the election. But lo and behold, on the day of the election itself he lost! by a small margin. So one cannot take out the possibility that he may have cheated or something, and the protest is still in the Election tribunal to decide. Results will differ based on who is being selected in a poll, whether it is a national or state poll. So the accuracy in predicting the winner is inaccurate.

But I doubt that the price will go to $100. $400-$500 perhaps would be a good price to buy bitcoin and earn a profit. But the price is hovering just below $1000, then in a few hours will rise a notch, so people are still buying at a range $950 will I consider a good buying price still. And I don't think we need to wait for $100 just to buy, we can do it right now and hold it for a bit longer because looking back at the historical charts of bitcoin, It always rebounded itself and increase the price in the future.

Yes. Its the hard fork dilemma that is causing this price fluctuations. So its really hard to predict the price right now. Next thing you know we are below $1000. I initially thought that there are entities behind the bitcoin ecosystem that is manilpulating the price, but now I hight doubt that. It's been the BU vs Core and the politics behind it that is causing a massive dump from different investors. So all we can do is hold to our bitcoins and see what the future will bring. But I hope we are still in the right direction whether hard fork is implemented, and $2000 price at the end is possible still.

The price is down again and hovering around $1000 but I think we are still ok. But the BU schism has taken too much toll on the bitcoin market price. A lot of uncertainty is surrounding the bitcoin ecosystem. FUD spreading, people panic then sell their bitcoin. The negative effect of the ETF is long gone, we didn't feel it, but the whole BU vs Core has really affected us in a negative way specially if there is a hardfork looming. So it you still believe in bitcoin, then hold on it for a bit and let us see what the future will bring on whether to profit. But I still believe that the future is bright for bitcoin and the price will rise at the end of the year.

BitPay CEO: We Studied Bitcoin Blockchain Alternatives, “None Are Compelling”


BitPay CEO Stephen Pair has said that alternatives to the Blockchain are not “compelling” and that the company would not migrate from Bitcoin.

Speaking at the Distributed: Markets 2017 conference in Atlanta, Pair implied that while the scaling problem with Bitcoin was taking longer to resolve than forecast, there was no better option available at present.

"We have carefully studied the most significant alternatives to the Bitcoin Blockchain and have concluded that none of them are compelling," he stated.

Pair’s stance marks a contrast to the likes of Circle, for example, which even before Bitcoin network fees rose considerably, signaled a move away from Bitcoin into a more centralized operation.

Even BitPay was forced to adjust its business model recently to cope with added expenses, raising its minimum invoice amount from 4 cents to $1 - an increase of 2,500 percent - to avoid what Pair described at the time as “uneconomical transactions.”

"We're exploring all possible solutions for scalability," he continued.

"It's not a surprise to us that Bitcoin needs to scale - scalability is something we've been thinking about for years. The only surprise is that while we anticipated short-term bumps in the throughput, we thought that changes for more on-chain throughput would have happened a couple of years ago.”

Full Read Here: https://cointelegraph.com/news/bitpay-ceo-we-studied-bitcoin-blockchain-alternatives-none-are-compelling

Bitpay CEO on Safe Bitcoin Scaling: Soft Fork First, Hard Fork Next

Over the past few months, Bitpay co-founder and CEO Stephen Pair has been advocating for a safe and non-contentious method to scale the Bitcoin network. In an informative blog post, Pair revealed his perception of a cautious approach to bitcoin scaling.

Basically, Pair believes that a soft fork-based scalability solution is the most beneficial for the network and community. It eliminates the possibility of a hard fork, which will inevitably lead to a chain split at this phase of bitcoin development. While some hard forks such as the Ethereum forks executed in late 2016 allowed the network to facilitate changes in a safe manner, with the current tension between Segregated Witness (Segwit) and Bitcoin Unlimited communities, a split chain is inevitable if a hard fork breaks out.

He wrote:

“One very important challenge we must resolve is how to successfully upgrade Bitcoin in a safe, deliberate and non-contentious manner. And we must be able to upgrade Bitcoin because no organism can live in its own waste products.”`

For Pair, the optimal scaling method is to start with the activation of a soft fork to enforce new rules into the network. Then, the developers can initiate another soft fork to deprecate the use of the old block and lastly, execute a non-contentious hard fork to drop the old block and adopt the secondary block as the primary block structure.

Full Read Here: https://www.cryptocoinsnews.com/bitpay-ceo-safe-bitcoin-scaling-soft-fork-first-hard-fork-next/

Its been roller coaster ride for bitcoin price lately. A few days it the price dip to a < $1000 but the next day it was able to rebound and almost got to $1000++ again. But then yesterday the price dip again but it looks like it is recovering now. So its really hard to predict the market price of bitcoin lately. But I speculate it would rebound again at a price of $1200-$1300 in a couple of weeks and will be stable at this price unless another roadblock come again in the future that will cause the price to fluctuate.

The chances of winning big are rare but that the risk the gamblers are willing to risk, just to win big. Sometimes you got lucky and hit the jackpot but most of time its not. That's the life of being a gambler. You have an itch inside of you and you wanted more. Its the feeling that will haunt you for the rest of your life and you become obsessed with it. Then down the road you will look back at the time in your gambling career, and see how much time you wasted.