Bitcoin Forum
June 21, 2024, 06:44:24 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 »
1  Economy / Digital goods / Re: WTS: 308,834 Opt-in Bitcoin Subscribers on: June 29, 2016, 12:36:11 AM
You don't have 308,834 real opt-ins. Stop wasting people's time.

Hopefully nobody is stupid enough to buy this.

Can any of the 13 people that purchased the database leave a review? Thank you!

Scam confirmed.

Can you open the export and paste the first 5 rows?
2  Economy / Digital goods / Re: WTS: 308,834 Opt-in Bitcoin Subscribers on: June 29, 2016, 12:11:25 AM
You don't have 308,834 real opt-ins. Stop wasting people's time.

Hopefully nobody is stupid enough to buy this.

Can any of the 13 people that purchased the database leave a review? Thank you!
3  Economy / Digital goods / Re: WTS: 308,834 Opt-in Bitcoin Subscribers on: June 28, 2016, 10:52:56 PM
How do we can confirm it's 100% opt-in?

Q) How can I confirm this is opt-in?

A) When bitcoininthenews.com subscribers signed up, their IP was logged and is provided in the export.
4  Economy / Digital goods / Re: WTS: 308,834 Opt-in Bitcoin Subscribers on: June 28, 2016, 07:30:17 PM
Q) What is the click-through ratio of the subscriber base?

A) It averages 1:52


Q) Can I SMS message the subscriber base?

A) Yes
5  Economy / Digital goods / Re: WTS: 308,834 Opt-in Bitcoin Subscribers on: June 27, 2016, 11:41:50 PM
I'll post questions I received here:

Q) What is the age of the subscriber base?

A) February to June 2016
6  Economy / Digital goods / WTS: 308,834 Opt-in Bitcoin Subscribers on: June 25, 2016, 08:35:00 PM
Selling 308,834 opt-in Bitcoin subscribers.

Can be used to distribute: news, gaming offers, ICO and anything else Bitcoin related.

Database contains subscriber: name, email, phone and ip.

Buy Link: https://satoshibox.com/5iqxbs8orqry3nsm2zm3topt


I am working for a large tech magazine now, if you are interested in purchasing the bitcoininthenews.com domain, send a PM and I will sell it to you.

Thanks!
7  Bitcoin / Press / [2016-04-10] How To Benefit From Getting Paid in Bitcoin on: April 09, 2016, 10:43:18 PM
CoinTelegraph spoke to employees and freelancers about getting paid in Bitcoin and learnt the pros and cons of this payment method.

Having a salary paid in cryptocurrency offers a lot of opportunities for an employee - from sweet bonuses to long-term investments and more. However, before considering it as a method of receiving your wage, it won’t hurt to ask for some advice. For example, do you know how to arrange conversion of cryptocurrency to fiat currency? What are the advantages, disadvantages and pitfalls of being paid in cryptocurrency? And finally, what kinds of jobs are paid this way?

Niel De La Rouviere, one of the first people to be paid in Bitcoin, said to Fast Company: “I discovered bitcoin in early 2011. At first it was something that felt like play money and almost surreal. I didn’t fully understand all the details back then, but a decentralized, peer-to-peer digital currency was just too crazy and I became intrigued.”

High wages, nice bonuses and no paperwork

First of all, you can benefit from the exchange rate: If you do not immediately convert your Bitcoin to fiat currency and instead wait for a more beneficial exchange rate, you may get a nice bonus to your wage (in fiat money) depending on your trading abilities and your patience.

Secondly, you don’t need to do any paperwork - this is especially important for freelancers, moonlighters and those who strongly hate bureaucracy. Nobody will ask you about the source of sum equivalent to $10,000 credited to your Bitcoin wallet, and the wallet itself will not show you a message saying that limits were exceeded and now you have to go through verification/authorization procedure, send a pack of notarized documents or visit your bank. However, this is true only until you decide to convert your “coins” to cash.

Thirdly, the wages are higher than average on the market. If an employer can only offer this exotic payment method, feel free to ask for more money due to the inconvenience of this payment method. Besides, payment in Bitcoin is often related to jobs which require specific knowledge of cryptocurrencies (Bitcoin startups, exchanges, etc.) Such knowledge is sought after, and if you have it, you can be paid more than the average market wage for your profession.

In addition to this, if you save some bitcoins, it can turn into a long-term investment. Some experts predict that the Bitcoin exchange rate can be as high as $10,000, and so, if you save up a part of your earned Bitcoins, you will substantially increase your capital.

Last but not least - it is exciting and interesting. If you find a job in a crypto-startup, you can learn a lot and develop your skills in a new field that you have never experienced before.

Jeremy Allaire, Circle CEO, explains to CNN Money: "When people start experiencing personal payments the same manner they do with email and text, consumers are going to start saying, 'Why can't my company pay me this way?' It's going to be a consumer led phenomenon."

Possible losses and limitations

However, getting paid in cryptocurrency might not be for everyone. One should be prepared for certain risks and limitations.

The BTC exchange rate is notoriously unpredictable, it can either rise or fall substantially, decreasing your profit, or potentially even turning it into a loss. The prediction that the exchange rate of 1 BTC will be as high as $10,000 has no validation. Just as well, within a few years, 1 BTC could cost $10 on the market. If you prefer Litecoins or Dogecoins, we have bad news for you, employers mainly offer Bitcoin.

Lastly, do you have a good command of the English language? If you don’t, it will be very difficult for you to find a good job paid in cryptocurrency - the vast majority of job offers come from foreign companies, the main working language of which is English.

Besides, work for cryptocurrencies is usually related to IT projects. There are much less offers for experts in other fields. So, if you are a programmer, designer, marketer, arbiter, tester, engineer, copywriter/journalist, content manager, or financial analyst, then you have a better chance of getting employed and paid in crypto.

https://bitcoininthenews.com/?q=How-To-Benefit-From-Getting-Paid-in-Bitcoin
8  Bitcoin / Press / [2016-04-08] U.K. Resort Town Sees a New Bitcoin ATM on: April 07, 2016, 09:29:57 PM
An Italian restaurant now offers patrons the chance to buy bitcoin and pay for meals with bitcoin, having introduced the first bitcoin ATM in Bournemouth, U.K., a resort on the southern coast of England, according to Daily Echo, a local newspaper.

Ami Norian, owner of La Strada restaurant in Bournemouth, displays his bitcoin ATM. Img credit: Daily Echo.

The ATM was installed by Heliopay, a supplier of digital technology solutions that operates bitcoin ATMs elsewhere in the U.K. and supports Airbitz bitcoin wallets.

Owner: Bitcoin The Future

Ami Norian, who owns the restaurant, La Strada, said bitcoin is the way of the future. He said people will use the machine to invest money and to pay the restaurant in bitcoin.

John Anthony, a consultant at Heliopay, said the first bitcoin ATM in Bournemouth will hopefully appeal to younger people who are aware of bitcoin.

One customer tweeted they were surprised to see the bitcoin ATM machine. They did not expect the first restaurant they would visit that accepts bitcoin to be a family Italian restaurant in Bournemouth.

Swanage News is considered to be the first retail business to accept bitcoin in Dorset, the county that includes Bournemouth. Swanage News began accepting bitcoin in 2014.

Heliopay’s Third Bitcoin ATM

In addition to the bitcoin ATM at La Strada, Heliopay has bitcoin ATMs at Computer Junction in Portsmouth and Blushh, a restaurant and lounge bar in Christchurch.

Heliopay supports Airbitz bitcoin wallets and also supports the RNLI, a charity that saves lives at sea and is running a drive for donations in bitcoin.

The report did not identify the manufacturer of the bitcoin ATM. Based on the picture of the machine in the restaurant and the one displayed on the Heliopay website, the machine appears to be from General Bytes.

According to coinatmradar.com, General Bytes has 87 bitcoin ATM machine placements, making it the third leading crpto-ATM manufacturer after Genesis Coin with 182 placements, and Lamassu with 149.

Bitcoin ATMs Expand In U.K.

There are now 35 bitcoin ATM machines in the U.K., 32 of which are clustered in and around London, according to coinatmradar.com.

https://bitcoininthenews.com/?q=UK-Resort-Town-Sees-a-New-Bitcoin-ATM
9  Bitcoin / Press / [2016-04-07] Bitcoin Investing Improved Last Quarter on: April 06, 2016, 08:51:20 PM
While Bitcoin may not have ended 2015 on a strong note, things could be turning around for the cryptocurrency.

For example, Q4 was "surprisingly anemic," but the first quarter has seen $160 million in investments, according to Mattermark, citing CoinDesk figures.

"Bitcoin had its best fundraising quarter in a year," Mattermark's Alex Wilhelm said.

"I'm not sure that the industry will ever beat the first quarter of 2015, when more than $200 million went into bitcoin firms, including huge sums into Coinbase and 21. Still, closing well north of the $100 million mark is a big step up from every other quarter recorded last year," Wilhelm commented.

"In fact, it appears that the first quarter of 2016 was the second most active period in terms of total dollars raised for bitcoin firms in at least the last two years."

Looking Ahead

Based upon the transaction volume over the last year and the improvement over last quarter, it's probable that bitcoin may be making its way back into investors' favor. "In the last year, transaction volume across bitcoin – to pick a single metric – has roughly doubled. That's not the same pace of growth that the cryptocurrency saw in its infancy, but it is material," Wilhelm explained.

"Combine that statistic with an increasingly stable price and continued investment and bitcoin look just fine."

https://bitcoininthenews.com/?q=Bitcoin-Investing-Improved-Last-Quarter
10  Bitcoin / Press / [2016-04-03] Bitcoin Gambling is Exploding on: April 02, 2016, 09:20:20 PM
Recent years have revealed a decline in major sports attendance due to how good the experience of watching at home now is. Bitcoin casinos are taking advantage of this same phenomenon to grow exponentially.

BitcoinCT r: 8 is decentralized, mostly anonymous, and is not subject to variance in rules and regulations that traditional currency around the world is. For these reasons, it has become a popular way for people from around the globe to engage in gambling entertainment. It makes sense due to the cultural and religious stigma that is often associated with gambling. Making the trip to a brick and mortar casino or gaming on a traditional currency based online casino can be a hassle.

Bitcoin allows for anonymous deposits and withdraws in a near instant fashion, making bitcoin gambling virtually anonymous. Further, bitcoin casino players can engage in their favorite games of chance or skill whenever they choose from the comfort of their own home. Hotels, transportation, and eating out costs are all eliminated.

Sports Betting is also Experiencing Massive Growth

Sports betting is another form of bitcoin gambling entertainment that has expanded at a frenetic rate, with vast potential to continue to grow. March Madness, the nickname for the tournament that decides the collegiate basketball championship in the United States, is expecting to take in more than 9 billion dollars’ worth of bets this year. Clearly the thirst for action from consumers is there and growing every single year. There are a large number of sports books who currently accept bitcoin deposits and bets.

Sports and outcome betting junkies will also be excited to learn about bitcoin betting exchanges. Unlike traditional sports betting, where the house places the odds and the players can choose to either take those odds or not place a bet, bitcoin betting exchanges offer players a chance to play both sides.

The betting exchanges work by supplying a venue for the action of players, who are able to place odds themselves or accept the odds of another player. Players bet against each other, the bitcoin betting exchange is simply a facilitator of the action. With this new freedom in action, players can either be the layer of odds or the backer of the bet. Both layers and backers can choose the odds they prefer, or create their own and allow other players to accept them if they wish.

What makes this unique is bettors of both sides are able to place bets at odds they feel are most advantageous to them. This is not the only reason bitcoin betting exchanges should be on the radar of event occurrence betting enthusiasts, they will also save you a bundle on fees. Since bitcoin betting exchanges are not active participants in the bet, the fees associated with wagering there are dramatically lower than traditional sports books.

Instead of the industry standard 5%-16%, bitcoin betting exchanges offer rates of around 2%. This is a huge equity gain for large and small players alike, giving everyone a better opportunity to be successful. If you have not yet looked into bitcoin betting exchanges, but enjoy the action of outcome based and sports wagering, now is definitely the time to do so.

Fantasy sports betting is experiencing a prolonged growth spurt, becoming a multi-billion dollar industry in just a few short years. Just like with poker 5 years ago, state and federal regulators are cracking down with the exposure exponential growth has given fantasy sports betting. Many are frustrated with government involvement, suspecting it has more to do with the desire of traditional gambling outlets to protect their business than with the concern for customer safety.

Calls for bitcoin to be integrated into the largest fantasy sports gambling sites have been ramping up on social media. Enthusiasts should pay close attention to the potential acceptance of bitcoin into their favorite fantasy sports gambling sites, as it is likely coming soon. Until then a large number of very reputable sites offer traditional sports betting based entirely on bitcoin, so no one is left without any options by their local regulations.
Bitcoin Poker is Alleviating Frustration in the Online Poker World

Online Poker is not a new phenomenon, growing from a small community to over 50 million unique players participating in real money games in 2015. Also not new is the difficulty of depositing and withdrawing from online poker sites. Long brutally slow or even outlawed by national and local governments, traditional methods of withdrawing your money onto and off of poker sites have been a tedious process at best.

Now many mainstream online poker sites are accepting bitcoin deposits and withdraws. Players can participate in big time online tournaments with up to a million dollar guarantee. Cash players can find steadily populated games from the micros all the way up to high stakes action.

Research is Vital to a Satisfactory Bitcoin Gambling Experience

Due to the large scale growth of bitcoin gambling casinos, bitcoin poker, and bitcoin sports books, researching where to play is now a must. Like any major industry, nefarious bitcoin gambling sites are out there looking to take advantage of unsuspecting players. In order to combat this players should be aware of the dangers and do their homework in terms of researching a site prior to depositing money there.

First and foremost is ensuring that the site you are considering is using provably fair technology. Provably fair technology is now a bitcoin gambling standard and players should only trust sites that use it. The technology essentially eliminates the ability for either the bitcoin casino or the player to engage in any kind of cheating or exploitation. For a bet to be placed, it requires data from both the house and the player to be engaged. Once the bet is finished, it is publicly recorded with the outcome being something the player can verify immediately. This is a safeguard that every player should ensure the bitcoin gambling site they choose to wager uses.

Secondly, bitcoin forums and bitcoin casino review sites are an invaluable tool for players. Bitcoin gambling forums can give players a first-hand account of their experience, good or bad, with bitcoin gambling sites. This allows for players to make an informed decision based on how other players felt about their play on certain sites. Review sites are excellent sources of information about the specifics of each bitcoin casino, as well as a guide to where to find the best promotions and player deals to take advantage of.

https://bitcoininthenews.com/?q=Bitcoin-Gambling-is-Exploding
11  Bitcoin / Press / [2016-02-04] Mozilla Co-Founder Unveils ‘Brave Ledger’ with Bitcoin on: April 01, 2016, 09:54:42 PM
In the world of stagnating Internet browsers, Brave is taking a completely different approach. Putting the end user in control of which ads to display – if any – and introducing Bitcoin micropayments will change the way consumers and content creators look at the World Wide Web.

A ‘Brave’ New Approach

Although most people in the world of Bitcoin and digital currency are well aware of what the Brave browser will bring to the table, the developers have recently posted another blog post to tell us a bit more about what’s in store. There will be a significant focus on replacing advertisements in a clean and safe way, but there’s more to this project than just switching the banners people see when visiting their favorite websites.

Browser tracking a grave concern, and a lot of more Internet users should be worried about this concept. The main purpose of and tracking is how the browser collects information on which websites are visited by users, and this data is then sent back the developers such as Google, Apple, Microsoft, and any other third company tracking user browsing behavior.

Brave will offer a way not just to replace ads, but ensure there is no ad tracking going on as well. Putting the end user back in control of the entire experience is of the utmost importance to this company. By ensuring none of the user’s browsing data will be visible on the company servers in an unencrypted format, Brave seems to be on the right track to put the user back in control.

But what is of even more interest than the ad replacement model is Brave Ledger, the long-awaited Bitcoin micropayment system for content creators and browser users. As Brave developers value the prospect of creating open source software solutions, they have shared Brave Ledger specifications with the world to spur discussion about this project.

The announcement reads: Today we are discussing the Brave Ledger, a Bitcoin-based micropayments system for users and publishers. As part of our open source approach, we are sharing the specification with developers for comment and discussion […]. [W]e are planning on having everything running (and released as open source) in our 1.0 Development release later in May.

User feedback is more than welcome once everything has been made open source, and the team is open to making code revisions based on input from the community.

New Bitcoin Micropayment Models

The ad-free mode found within the Brave browser requires users to pay a flat monthly fee in Bitcoin. Once a user sends the payment, the browser will aggregate a list of the top 10 sites based on the browsing history, and assign a “weight” to each platform. The total payment sum will be tallied up every day, and after some number crunching, every website owner will receive their fair share of the cut. Do keep in mind there will be a processing fee put in place, although no official percentage has been announced yet.

Not everything about this process will be automated, though, as users can decide which sites should be supported by using the Brave preferences panel. Moreover, users will be able to set their own weight for particular websites, or even opt to reward more than ten different platforms. This feature will be changing over time as well, as the Brave developers expect a lot of feedback on how users want to tweak these settings.

Ad-replacement mode, which replaces the traditional banners with “clean” advertisements, is dependant on Brave’s advertising partners. Once again, a weighted list of publishers is created, based on the information gathered from users opting to use this ad-replacement model in the Brave browser. The developers will take a share of the generated revenue – currently set at 15% – and the ad-matching partner as well, whereas the rest is allocated to users and publishers.

The ad-replacement mode does have certain drawbacks. Although Brave users can opt to donate funds to publishers directly, there is also an option to transfer funds to a different Bitcoin wallet. However, doing so requires users to go through a KYC and AML verification process, which includes proving ownership of a phone number and an email address. No personal documents will be required.

Last but not least, publishers will have to go through a similar procedure to cash out their Bitcoin earnings, although things will be more strict in this regard. No specific details are revealed just yet, but verification by providing specific documents is not entirely out of the question.

With all of the different options available to Brave users, there is an exciting future ahead to reshape the way people browse the Internet. Rewarding favorite content creators is just one step, but choosing which sites can show default ads, which have to hide banners, and where one wouldn’t mind seeing replacement ads, is an entirely new experience. All of this is made possible thanks to the Brave developers, and Bitcoin.

https://bitcoininthenews.com/?q=Mozilla-Co-Founder-Unveils-Brave-Ledger-with-Bitcoin
12  Bitcoin / Press / [2016-04-01] Purse Bitcoin Merchants Have More Products than Top 3 on: March 31, 2016, 10:08:54 PM
Back in November of 2015, Andrew Lee CEO of Purse.io announced its new venture Purse Merchants via Bitcoin.com’s All-Star AMA sessions. The company has just notified us that Purse Merchants is now live and rolling out its services to the public. Now anyone globally can purchase and sell items for bitcoin utilizing secure escrow transactions. Bitcoin.com spoke with the founder of Purse about the launch of the new marketplace.

Purse Merchants: ‘More Products Than Any Other Marketplace in the World’

Purse MerchantsPurse Merchants is a decentralized marketplace allowing anyone worldwide to use the platform to buy and sell merchandise. The market offers an escrow system that allows users to transact securely with a trusted third party guaranteeing orders are completed safely. Purse says that escrow transactions were once reserved for the real estate industry but now thanks to their Purse Merchant’s platform the system can be used by anyone.

Lee told Bitcoin.com: With the launch of Merchants, Purse has more products available than any other marketplace in the world – more than Amazon, eBay or Alibaba (over 250 million SKUs available). Bitcoiners can buy or sell virtually anything at unbeatable prices.

Additionally, the service says it offers the lowest possible fees when compared to marketplaces such as Etsy (3.5%), eBay (10%) and Amazon (8-20%). Furthermore, Purse explains using Bitcoin offers them a 24/7 network that never closes, and chargebacks can be a thing of the past. Another different aspect is merchants are also enabled to sell directly to shoppers, and the platform offers a variety of ways to sell products that are protected by the secure Purse escrow system.

Andrew Lee, CEO Purse.io

Anything can be sold on the platform and Bitcoin enthusiasts will find merchants such as Trezor and Ledger available. Another company that can be found on the market is Windcatcher, which appeared on the television series Shark Tank. The inflatable technology manufacturer wound up winning a deal with the host Lori Greiner. Purse explained that popular items such as these can be found throughout the marketplace every day. Purse is also enabling a solution for merchants to launch pre-orders with the platform’s “pre-order marketplace.”
‘World’s Largest Marketplace for Bitcoin’

People looking to sign up can register today and can also use their Facebook or Coinbase credentials to log in as well. The Purse team is thrilled with the launch of the Merchants platform and wants to be the “world’s largest marketplace for Bitcoin.” Last year Lee told Bitcoin.com that Purse Merchants would be something between eBay and OpenBazaar on the decentralization scale. However, the San Francisco-based company says unlike eBay, Etsy, or Alibaba, this marketplace won’t require banking credentials to purchase and sell items.

Purse is offering a 30 day trial of the company’s premium service, and no credit cards are required to sign up. The business states they present the ability for users to market their products to over “100,000 early adopters” and they say that’s just the beginning.

Bitcoin.com will keep an eye out on the growth and development of this marketplace and keep you up to date.

https://bitcoininthenews.com/?q=Purse-Bitcoin-Merchants-Have-More-Products-than-Amazon-eBay-Alibaba
13  Bitcoin / Press / [2016-03-30] What Will Bitcoin Be Worth In 2020? on: March 29, 2016, 09:56:48 PM
Bitcoin has turned out to be perhaps the hottest investment commodity of all time. Once upon a time you could pickup bitcoins for less than a penny. Now? A single coin costs hundreds of dollars ($410 at the time of writing this). Still, some people are worried that bitcoin has peaked and that investing now would be like investing in fool’s gold. I have to disagree. Digging deeper shows that bitcoin is just starting to pickup steam, and several underlying factors suggest that the cryptocurrency will only continue to gain value in the future.

Mind you, I’m not the only one arguing that bitcoin will rise in price over the coming years. If I had to pick a very conservative number, I’d wager that by 2020 bitcoin will be worth at least $1,000 dollars. According to the currently available information and the opinions of other experts, this number appears to be on the cautious side.

Respected cryptocurrency consultant Richelle Ross is predicting that bitcoin will hit $650 dollars this year, a reasonable prediction. Daniel Masters, a co-founder of the Global Advisor’s multimillion dollar bitcoin fund, is predicting that bitcoin could test its all time highs in 2016 ( the all-time high so far is $1,124.76 dollars), and could reach $4,400 by 2017. If Masters’ prediction turns out to be correct, investors who snatch up bitcoin now could see their wealth grow ten fold in just a few years.

Of course, nobody knows the future. That’s why it’s important to understand the underlying factors that could cause bitcoin to increase in value in the weeks, months, and years to come. Bitcoin is different from other currencies in that it has been designed from the code up to appreciate in value, rather than depreciate. Understanding what this means is essential for investing in bitcoin.
The “Trickle” of New Bitcoins Will Continue To Slow

If you’re familiar with bitcoin, you probably already know that the supply of all available bitcoins is limited to 21 million. While national governments have a tendency to print new money whenever they feel like it, the supply of new bitcoins entering the market is tightly controlled and ultimately limited. Once 21 million bitcoins are created, no more new bitcoins will ever be issued.

Not only is the total number of bitcoins capped, but the supply of new bitcoins entering the market is slowing as bitcoin mining becomes more difficult. Once upon a time, you would have been able to use your home PC to create blocks and be rewarded 50 plus bitcoins in exchange. Now, if you want to create a single block, you’ll either have to join mining pools, thus linking your personal computer power with other computers, or buy extremely specialized and expensive mining rigs.

The number of bitcoins awarded for solving a block is cut roughly in half every four years. Up until the end of November in 2012, 50 bitcoins were awarded per block chain. Currently, 25 bitcoins are awarded for each added block. It’s estimated that sometime in 2016 the number of bitcoins awarded for creating a block will drop from 25 to 12.5. Then, sometime in 2021, this amount will be cut in half again, and thus bitcoin miners will only be rewarded 6.25 bitcoins.

This is perhaps the most important single aspect of bitcoin, at least from an investor’s point of view. Satoshi Nakamoto, the creator of bitcoin, believed that by reducing the number of new bitcoins entering the market over time, bitcoin’s value would rise over time. This would address one of the largest criticisms of regular, national currencies, which have constantly expanding supples, and thus declining value.

Confused why supply has such an affect on the value of bitcoin? The simplest way to think of a currency is as a “pie”. When you create more of a currency, the size of the pie doesn’t increase, but instead more slices are created. This means that the slices become smaller and smaller over time. The full story and theory behind currencies is a bit more complex, of course, but this basic principal holds true. As governments print up more money, the value of individual dollars (or pounds, euros, etc.) decreases.

If you look at the value of bitcoin, it has generally trended upwards over time. Of course, the past can’t predict the future, but trends are important to observe and consider. In January of 2015, bitcoin was valued at $215, but by November of the same year it it had risen to over $300, a substantial increase.

Forget the last bitcoin bubble

Since its inception, bitcoin prices have generally trended upwards. At the end of 2013, bitcoin peaked at over $1,000, then sharply declined afterwards. During this period, bitcoin does seem to have been overvalued due to speculation. Speculation can occur in every type of financial market. Occasionally, rising prices can set off a sort of avalanche. As prices climb, people believe that they have to buy, and they have to buy now before prices rise even higher. This sets up a feedback loop with more and more people jumping onto the bandwagon to buy. Prices in this scenario can become artificially inflated. Eventually, however, the music has to stop, and hard crashes can occur.

Bitcoin price evolution

It happened with the housing marketing in the U.S. back in 2007-2008. It happened in Japan’s real estate market back in the early 90’s, and in China last summer. Oil has seen bubbles form. Same with gold. Where there is speculation, bubbles can occur.

So yes, bitcoin was overvalued in 2013, and a market correction was due. Whenever prices rise rapidly in a short period of time, you need to be careful and cautious with your investments. It doesn’t matter if you’re buying stocks, real estate, bitcoin, or anything else.

You also need to be aware of hype. In 2013, bitcoin was receiving a lot of hype, and a lot of new people were joining the bitcoin community. Back then, bitcoin was in the news everywhere, major firms were just beginning to look at bitcoin as a potential opportunity, and big names, such as the Winklevoss Twins, were just beginning to draw attention to it. This hype can spur demand and increasing demand means increasing prices.
Could bitcoin be a safe haven currency?

One last thing you should consider if you’re looking to invest in bitcoin. As of late, stock markets have been extremely turbulent. If and when stock markets suffer a major decline, bitcoin could become a safe haven investment. When stock markets are hit, people tend to lose faith in financial systems and even national currencies. During the great recession of 2008, for example, gold prices spiked as people fled paper currencies and stocks and invested their money in gold and other physical assets instead.

Again, predicting the future is difficult, but should stock markets suffer a big hit in the near future (which is very possible), bitcoin prices could spike. As bitcoin is an alternative currency, and because national governments tend to use stimulus policies that deflate the value of their national currencies during economic crises, bitcoin could start to look like a very attractive safe haven.

This means that bitcoin prices will go up and up, which is something to every investor should consider. Should the world suffer a major recession before 2020, bitcoin prices could potentially surge past my conservative $1,000 estimate. This is pure speculation, of course, and no one knows when the next recession will occur.

The current state of bitcoin

Right now, bitcoin isn’t being hyped, at least outside of reason. The market itself has matured, and prices are now moving at much more moderate rates. The steady, stable gains being made by bitcoin hints at the underlying stability now found in the more mature bitcoin market. Yes, prices have been gaining, quicker than many stocks and markets, in fact, but these gains are within the realm of reason.

These steady gains should continue in the future. I’m not making this claim based on wishful thinking, but instead am considering the slowing supply of bitcoin in combination with the increasing legitimacy of the currency and its widening adoption by users and investors.

Gains between 15 to 25% appear to be reasonable, based both on past growth and future potential . If bitcoin gains just 15 percent each year between now and 2020, coins will be valued at $717 per one Bitcoin. If bitcoin gains 25%, prices will top $1,000. Such gains are reasonable, and will most likely outpace gains in stock markets and other financial markets.

So $1,000 dollar bitcoins? It seems likely. Mind you, this prediction is relatively conservative. As already mentioned, many bitcoin experts believe that bitcoin will reach far higher heights. Of course, you might argue that these experts are simply trying to promote their own self interest, perhaps even trying to drum up a little bit of hype. Regardless, even if bitcoin doesn’t hit the $4,000 mark, it should continue to gain ground.

https://bitcoininthenews.com/?q=What-Will-Bitcoin-Be-Worth-In-2020
14  Bitcoin / Press / [2016-03-29] Bitcoin Crushes Bank Fees in Emerging Economies on: March 28, 2016, 09:47:43 PM
New evidence is emerging that virtual currencies and distributed ledgers, like bitcoin, are gaining strength in emerging economies by cutting out huge fees charged by local banks and financial institutions.

Developed markets make up only 43 percent of global gross domestic product and are generally not required to hold much foreign exchange reserves, yet they have been able to issue 87.5 percent of the world’s bonds. It is emerging market central banks that buy 80 percent of those bonds as foreign exchange reserves to gain market credibility.

Because of financial immaturity, emerging market banks can charge huge fees, and — except for a small band of powerful elites — offer little local access to capital. The general population and the small local merchants remain largely unbanked or underbanked.

The most egregious example of emerging market banks financially hammering the population is the percentage costs for wire transfer and currency exchange fees associated with remittances paid by the more than 250 million people living outside their countries of origin, and the 750 million that live outside their ancestral communities.

The remittance market was $588 billion in 2015 and could reach $1 trillion by 2020, according to the World Bank. Although every country on earth receives remittances, the largest markets were India at $71 billion; China at $64 billion; Philippines at $25 billion; Mexico at $22 billion; Nigeria at $21 billion; Egypt at $17 billion; and Vietnam at $11 billion.

According to the IMF, the percentage cost for receiving $200 remittance transfers in emerging economies averages about 10 percent. But it can be much higher for certain emerging economies:

Germany to Serbia = 20.9 percent
South Africa to Mozambique = 22.4 percent
United Arab Emirates to India = 13.1 percent
United States to Colombia = 17.5 percent

Transaction costs are usually not an issue for international trade, investment, or aid. But severe emerging economies’ overregulation and lack of competition keep bank fees high. Most countries have access to some type of money transfer organization (MTO), like Western Union. But these MTOs are very slow and have a vested interest in shadow pricing banks to maximize their percentage fees.

But these brutal emerging economy costs are motivating local people to embrace virtual currencies and distributed ledgers, because bitcoin transaction costs are almost free. Unlike international banking, which rewards scale transactions with lower fees, the current distributed ledger fee on the “blockchain” for any size digital money transfer and validation is 0.0001 bitcoin, or about 4.2 cents.

This cost arbitrage has created the demand for a huge number of local entrepreneurs to leveraging a dial-up or satellite Internet connection in even remote locations to provide extremely secure, efficient and low-cost remittance transfers.

TechCrunch featured a recent story about this “virtual currency revolution,” which has come to impoverished Africans. BitPesa, for example, started out as an East Africa-based bitcoin remittance service.

Relatives in the U.K. can send money through BitPesa by opening a Bitcoin wallet account, exchanging British pounds for bitcoins, and initiating a transfer. BitPesa then sends a message through their “gateway” to deposit Kenyan shillings into a recipient’s bank or an M-Pesa account.”

By refining prices, improving user interfaces and matching product attributes with consumer needs, the company has become an accepted financial institution in Kenya, Nigeria, Uganda, and Tanzania for millions of local consumers in just four years.

The coming scale of the distributed ledger opportunity associated with a $1 trillion remittance market has spurred major international banks to try extend their ability to drive down transaction costs.

Nine “bulge-bracket” banks – Goldman Sachs, JPMorgan, Credit Suisse, Barclays, Commonwealth Bank of Australia, State Street, Royal Bank of Scotland (RBS), BBVA and UBS – have funded R3, a New York-based group of trading and technology executives, which aims to create a bitcoin-based transaction structure.

In addition to developing commercial applications, the project is seeking to establish consistent standards and protocols for this emerging technology across the financial industry in order to facilitate broader adoption and gain a network effect, according to an R3 press release.

If the banking consortium is successful in designing and engineering “state-of-the-art enterprise-scale shared ledger solutions to meet banking requirements for security, reliability, performance, scalability and audit,” emerging economies and billions of emerging economy residents will gain access to cost-competitive banking solutions.

https://bitcoininthenews.com/?q=Bitcoin-Crushes-Bank-Fees-in-Emerging-Economies
15  Bitcoin / Press / [2016-03-27] Can Bitcoin Boost Mobile Gaming Micropayments on: March 26, 2016, 08:25:28 PM
Although mobile games are becoming increasingly attractive for developers looking to build something that can be monetized relatively easy, there are still a lot of misconceptions regarding the money earned by doing so. Despite the wide variety of games, most of the revenue is coming from a very small group of people. Is this to blame on the traditional payments being used for microtransactions? If so, Bitcoin should be able to help in that regard.

One of the most common error consumers make when hearing about mobile gaming earnings is assuming lots of people in the world are paying money to advance in these games. While it is certainly true, there is a lot of potential for different people to buy in-game items with microtransactions, the reality paints an entirely different picture.

The recent study by Swrve shows how close to half of the revenue generated through mobile gaming micropayments comes from 0.19% of all players. That is an astonishingly low number, although it has to be said those are the people who will spend a lot of money on the same game time and time again.

However, for mobile game developers, this is a particular source of concern. If their game fails to achieve market penetration – which is very likely due to broken discovery engines on all major platforms and app stores – development can quickly become a fruitless effort regarding monetization.

Offering free-to-play mobile games with a micropayment option is a double-edged sword these days, as plenty of players will be more than content to wait and achieve a goal in the game. Not everybody wants to “beat” the game in the shortest amount of time possible, but there is another reason few players opt to pay to advance.

Traditional payment solutions, such as credit cards, do not lend themselves well towards making small payments. Transaction fees are very high for any amount, eating up even more profits for the developers. Bitcoin would offer a far more versatile solution for both consumers and developers as the transaction fees are paid by the sender, and the recipient can convert the funds to fiat currency if needed.

Moreover, unlike traditional payment solutions, Bitcoin is available to anyone in the world. Sending transactions takes mere seconds, and there is no third party controlling the funds and delaying money to be transferred. Whether or not it will influence spending behavior in the mobile games industry, remains to be seen, though.

https://bitcoininthenews.com/?q=Can-Bitcoin-Boost-Mobile-Gaming-Micropayments
16  Bitcoin / Press / [2016-03-24] Should Wealth Managers Recommend Bitcoin? on: March 23, 2016, 10:05:48 PM
It has had a rough journey, yet many continue to see Bitcoin – and other virtual currencies based on blockchain technology – as the future. Singapore has actually seen its first Bitcoin ATMs installed over two years ago (though many of the units have since been recalled), and a few cafes and shops in Singapore have even started accepting Bitcoin as a payment method. There are numerous exchanges in Singapore, with entrepreneurs spying opportunities in the region, given its potential for facilitating remittances, and the fact that many millions in Asia as yet do not have bank accounts.

As an alternative investment, Bitcoin has potential. In theory, Bitcoin is extremely useful as a means of transferring money cheaply, quickly, and efficiently. This makes it perfect for things like sending remittances back home or making trade payments. Furthermore, Bitcoin can also act as an alternative bank account for those who are unable to secure their own from traditional banks – numbering in the many millions in Asia alone. This all points to good growth potential.

Furthermore, there is a move towards regulation and broader acceptance, including rising interest from Wall Street, Silicon Valley, and official support for virtual currencies (including but not limited to Bitcoin) from the International Monetary Fund. As official acceptance grows so too should its credibility.

While this column concerns the value of Bitcoin as an investment choice, rather than its effectiveness as an alternative currency, the inherent advantages of Bitcoin are sound. Bitcoin allows for quicker and more efficient payment transfers, particularly across borders, its decentralised distributed ledger technology (via blockchains) is innovative and simple and could provide advantages that go beyond virtual currencies.

However, as a potential alternative investment, Bitcoin has its own set of unique risks. As with all virtual currencies, it is borderless. This means that it operates on a global scale, and comes under the responsibility of various agencies on a national level. This makes it hard to monitor and regulate effectively, especially as any regulation needs to involve international cooperation – never easy at the best of times. Until relatively recently, Singapore's own Monetary Authority of Singapore (MAS) did not regulate the currency simply because it doesn’t view it as legal tender.

Bitcoin continues to be associated with criminality – including money laundering, arms trading, and tax evasion. Whether this is fair or not can be debated, but the ability to make large purchases of questionable goods anonymously will always attract the attention of criminals. Unless law enforcement are able to police virtual currencies effectively, Bitcoin is unlikely to go mainstream.

Lastly and most importantly for investors is a lack of protection. As a result of both of the above points – lack of regulation and openness to criminality – investors in Bitcoin do so at their own risk, and have few resources to fall back on should they be subject to fraud or criminal behaviour. A case in point was the shutdown of one of the largest exchanges, Mt.Gox (Japan) in February 2014 – thanks to suspected theft – causing the price of Bitcoin to collapse from US$1,000 to US$570 a few days later. Investors were unable to withdraw their Bitcoin from Mt.Gox, and over 850,000 Bitcoins were lost.

While the value of rare stamps as an alternative investment can be measured by the size of its pool of enthusiasts, or wine by the year, Bitcoin plays by its own rules which have yet to be fully understood or even finalised. As an alternative investment, Bitcoin is best treated with caution; there are other options that promise safer returns with less volatility.

https://bitcoininthenews.com/?q=Should-Wealth-Managers-Recommend-Bitcoin
17  Bitcoin / Press / [2016-03-23] Deloitte: Blockchain Will ‘Gain Significant Traction’ by 2020 on: March 22, 2016, 07:58:07 PM
Financial incumbents are mystified by financial technology, and one shining example are the “existential threats” from blockchain innovation.

The Deloitte report states: Many areas within banking and capital markets are experiencing serious existential threats. As the industry is being transformed, there is uncertainty around what the future of the banking industry will look like over the next decade.

The latest report states that throughout history, trusted intermediaries have been needed to help with financial transactions, especially if they require more complex actions.

Deloitte says that blockchain technology is challenging this norm and in light of other technologies it is “forcing traditional players to reexamine their role in the payment ecosystem.” The multinational professional service provider says it can “unequivocally say” the payments industry will look pretty different in the future. “Banking reimagined” underlines that these technologies have the potential to transform the economy and the way we transact, explaining: In all likelihood, blockchain innovations could be the most transformative, and we will likely see a number of real-life applications of blockchain applied to payments, beyond digital currencies, in the next five years.

Keeping Up with Innovation

Deloitte has been writing reports on trending financial innovation for the past decade, calling these reports “outlooks.” One trend Deloitte has noticed after the financial crisis is that traditional financial institutions have faced a stricter regulatory policy since the economic downturn. Moreover, technology has reduced the entry barrier and has allowed new players to enter the game. Businesses and organizations using innovative blockchain techniques is one strong example of this financial change taking place.

ach

Deloitte is a multinational financial service, which earned a record of $35.2 billion USD in revenue in 2015. The company offers auditing, tax services, consulting, and financial advisory for institutions and individuals worldwide. Blockchain technology is something the company has focused on recently and has initiated various research programs and hosted some hackathons last year.

Back on November 6-8, 2015, Deloitte co-sponsored a large blockchain hackathon in Dublin with Fidelity Investments giving away €10k in cash prizes. The institution also hosted the Shanghai Blockchain Hackathon with participants who hacked away for prizes up to $30,000.

https://bitcoininthenews.com/?q=Deloitte-Blockchain-Will-Gain-Significant-Traction-by-2020
18  Bitcoin / Press / [2016-03-19] Building Bitcoin Support in Dubai on: March 19, 2016, 09:22:17 PM
The Middle East isn’t typically considered a hotbed for bitcoin, but that hasn’t stopped entrepreneur Ola Doudin from generating local interest.

The founder of bitcoin wallet and exchange BitOasis, Doudin graced the cover of Forbes Middle East in January in an issue where the startup was ranked 19th on a list of the most promising UAE-based startups.

Doudin was lauded alongside co-founder Daniel Robenek for the firm’s dedication to spreading awareness of the emerging technology in the market. Since then, BitOasis has released a steady stream of updates to its service, offering the ability for users to withdraw bitcoin to bank accounts and launching iPhone and iPad wallets.

However, BitOasis perhaps made its biggest splash internationally last month when it revealed it had completed a proof-of-concept with commodity marketplace tech provider Dubai Multi Commodities Center (DMCC) in what might be the first test of the technology by a major regional financial institution.

The announcement came as part of the unveiling of the Global Blockchain Council (GBC), a 32-member working group of UAE government bodies, international tech firms and blockchain startups led by a government innovation effort called Museum of the Future.

Doudin, whose startup is also a member, described the group as part of a broader initiative by local government officials to better understand the emerging technology.

She told CoinDesk: "The whole idea of creating the GBC was to create the umbrella under which regulatory discussions occur to become a bridge or cross-link between the private and public sector that legitimizes the space as a whole. It gives us serious backing and emphasizes that UAE or Dubai regulators need to look at it, that banks need to seriously observe the space."

Doudin said that local [Suspicious link removed]panies are now benefiting from an initiative called Dubai 2021, a government effort to create a vision for how government services can be better automated in the future.

"A lot of the public services are automated or self-service, but now they’re trying to integrate all they have in digitizing payments and creating smart payment tools. They have been looking into the blockchain," she said.

DMCC trial

As for BitOasis’s work with the DMCC, Doudin said the project was part of a bid by the firm to improve onboarding to its trading system.

Based in the JLT Free Zone, a special economic zone offering tax and customs benefits to businesses, DMCC is described as the only international commodity center in the region. Its main commodity groups including precious metals, diamonds, pearls and tea.

Doudin said that when BitOasis looked at DMCC’s internal processes to find applications for the technology, the firms decided on a trial for how the commodities firm could issue blockchain-based identities to customers.

The trial envisioned that companies could onboard to the DMCC and be issued a digital ID for verification as part of its Flexi Desk offering. Flexi Desk, according to the DMCC, provides businesses with communications services, but Doudin said other opportunities have been discussed.

"We've also been looking and exploring ways to potentially streamline collection of payments for DMCC and their companies by using the public blockchain," Doudin explained.

Doudin added that BitOasis remains focused on its consumer-facing bitcoin services, suggesting that it doesn't see the effort as part of a change in strategy.

BitOasis has five employees, but hopes to grow to as many as eight by the end of the year, she said.

Work ahead

Despite the interest from agencies within the Dubai government, Doudin said that the local startup community remains small.

There are just a few notable blockchain startups, a group which includes BitOasis, YellowPay and Umbrellab, all of whom are involved in the Global Blockchain Council. Doudin is also co-founder and former adviser to bitcoin payment service YellowPay, though she says she is now focused on BitOasis.

"There are a few people here and there trying to set up stuff, but nothing yet is growing at the same pace," she said.

Still, she said user adoption is happening, both in the UAE and in Egypt, where she said local meetups in the country’s capital and largest city are growing.

Doudin herself was instrumental in the formation of the Jordan Bitcoin Group in 2014, a meetup group designed to raise awareness of digital currency in the country.

Now, she said investors are waking up to the opportunity, and that the technology is beginning to lose the stigma of its past association with cybercrime.

Doudin concluded: "The interest and awareness of local investors is happening faster than I thought. Investors want to help build a regional strong player, so you can see the awareness."

Ola Doudin is speaking at Consensus 2016 in New York. Join her at the Marriott Marquis from 2nd to 4th May.

https://bitcoininthenews.com/?q=Building-Bitcoin-Support-in-Dubai
19  Bitcoin / Press / [2016-03-18] The Winklevoss Twins on Bitcoin Industry Growth on: March 18, 2016, 09:41:25 PM
The Winklevoss twins recently made an appearance at SXSW Interactive 2016, where the early Bitcoin adopters discussed how the industry has changed and matured over the past three to four years. The keys points made by the Winklevi in terms of Bitcoin’s maturation had to do with clearer regulation, better protections for consumers and the increased availability of professional-grade exchanges.

When asked about how Bitcoin has grown as a technology and an industry over the past few years, Cameron Winklevoss said, “I think Bitcoin still does what it has done since day one. I think probably the biggest change is really the types of people building inside the system today.”

Bitcoin Companies Are Now Protecting Consumers

One of the major signs of maturation in the Bitcoin industry has been the creation of regulated exchanges. During his appearance at SXSW Interactive 2016, Cameron Winklevoss, who co-founded the Bitcoin exchange Gemini with his twin brother, Tyler, stated: “With Gemini, we’re a regulated trust company in the state of New York; we’re regulated under banking law, so we operate and have the same controls and procedures that you would expect of any financial institution (like your bank). That didn’t exist in the early days of Bitcoin. Quite frankly, it didn’t exist a year ago . . . It was a Wild West in the early days.”

The Winklevoss Twins are of the belief that the existence of regulated exchanges will calm some of the fears institutional investors have when it comes to speculation on the Bitcoin price.

Cameron Winklevoss noted: “You’re seeing a lot of the same kind of consumer protections in things that you see in other financial areas that are regulated coming to Bitcoin. What that enables is getting people comfortable buying and selling Bitcoin, especially from both the individuals to the institutions.”

Whether the existence of Gemini has led to increased activity from institutional players is debatable. As of March 12th, Gemini was the 13th largest Bitcoin exchange based on 24-hour volume (according to Bitcoinity.org). Having said that, there are other Bitcoin exchanges aimed at institutional investors in the United States such as Coinbase Exchange and itBit.

The Professionals Have Arrived in the Bitcoin Space

Building off of Cameron’s previous comments, Tyler Winklevoss added that the people building companies in the Bitcoin industry today are much more professional than the early adopters of the technology. He noted:

“A lot of the professionals just weren’t in the space [in the early days]. The best entrepreneurs were building companies outside of Bitcoin, and I think a lot of times early adoptions are not the mature actors. So it was kind of like kids in a garage, for lack of a better metaphor.”

The most obvious example of the “kids in a garage” Tyler was referring to would have to be Mt. Gox, which filed for bankruptcy in early 2014 after losing hundreds of thousands of their customers’ bitcoins.

Tyler Winklevoss added that he and his brother are taking a more legitimate approach to building a Bitcoin exchange: “We, entrepreneurs obviously building a company, have kind of the garage mentality, but we’re taking a more legitimate approach to it because we’re dealing with money. We’re not dealing with people’s pictures or even getting them from point A to point B, and if you lose somebody’s money, it’s a really bad thing. It’s very different from losing your text message or your picture. It really hurts your welfare.”

Although it’s easy for any kid to build his own Android or iOS app, things can be problematic when a single programmer, who may not be following the best security practices, is essentially controlling millions of dollars worth of other people’s money (as seen in the case of Mt. Gox.)

Building a Bridge to the Legacy Financial System

One of the key points that the Winklevoss Twins have routinely made in regard to their own endeavours in the Bitcoin industry is that they’d like to build a bridge between digital currencies and the legacy financial system. Tyler Winklevoss made this point again at SXSW Interactive 2016. He stated: “Let’s build that bridge to the legacy world. Let’s not become it, but let’s take the safe parts about it and take the new innovation and marry the two.”

The main point the Winklevoss Twins made during their recent interview at SXSW is that it’s now much easier and safer for anyone to gain exposure to the Bitcoin price as a speculation thanks to platforms such as Gemini. Near the end of their chat with interviewer John Biggs, Tyler Winklevoss stated: “We’re regulated by the same people who probably regulate your bank, and I think that says a lot.”

ProtonMail, the world’s largest encrypted email provider, announced that the service is leaving beta and will be allowing open registrations. ProtonMail is also launching its free iOS and Android mobile applications globally in the Apple App store and Google Play store.

ProtonMail features end-to-end encryption, which makes it practically impossible for governments, or even ProtonMail itself, to gain access to user messages, ensuring the highest level of security and privacy. The service encrypts and decrypts all data on-the-fly on the client side, which means that emails between ProtonMail users are never stored as plaintext, and therefore the government can’t force their release.

“Strong encryption and privacy are a social and economic necessity. Not only does this technology protect activists and dissidents, it is also key to securing the world’s digital infrastructure,” says ProtonMail co-founder Andy Yen. “This is why, all things considered, strong encryption is absolutely necessary for the greater good.”

The development of ProtonMail started in 2014 at CERN ‒ just like the development of the Web itself ‒ in response to growing concerns about governments spying on peaceful citizens’ email.

“I am very concerned about the privacy issue, and I was wondering what I could do about it,” Yen posted to a CERN Facebook group. ProtonMail raised its first $550,000 with crowdfunding, followed by a $2 million seed round from Charles River Ventures and Fongit.

Today, ProtonMail is one of the fastest-growing companies in Switzerland with three offices globally, and was ranked last year by Business Insider as the hottest startup in Switzerland.

The decision to open up ProtonMail is motivated by an increasing trend toward more and more surveillance around the world and growing efforts to undermine online privacy.

“We understand that governments have concerns when it comes to terrorism and encryption, but undermining our collective security by weakening cryptography is the wrong approach,” notes the announcement.

“The best way to ensure that encryption and privacy rights are not encroached upon is to get the tools into the hands of the public as soon as possible and widely distributing them,” added Yen. “This way, we put the choice in the hands of the consumer, and not government regulators. The past decade has been marked by a massive erosion of privacy and we’re working to reverse this trend. Encrypted communications is the future and ProtonMail is committed to making online privacy a reality again for all Internet users.”

Anyone can open a ProtonMail account without releasing personal information. Interestingly, the sign-up procedure ‒ like ProtonMail itself ‒ works well over Tor.

“Creating your free secure email account takes less than 2 minutes in most cases,” notes the ProtonMail signup page. The free service includes 500 megabytes of storage, and paid services have been launched recently. The cheapest premium plan, at $5 per month ($4 per month if paid annually), includes 5 gigabytes of storage and a custom domain. Current payment options are credit cards, PayPal and Bitcoin.

The Bitcoin payment option complements the anonymity of the signup process and the possibility to sign up and use ProtonMail over Tor. Taken together, these features mean that anonymous users can have premium ProtonMail accounts.

ProtonMail is a Swiss company with servers located in secure data centers in Switzerland, and is protected by privacy-friendly Swiss laws. In 2015, Bitcoin company Xapo relocated its corporate headquarters to Zurich to take advantage of the same privacy-friendly laws. Xapo’s primary deep cold storage vault was already located in Switzerland.

This is one of many parallels between ProtonMail and Bitcoin. ProtonMail wants to put privacy back into the Internet, which is increasingly controlled by governments and corporations as shown by the current dispute between Apple and the FBI over encrypted communications.

Bitcoin, which in theory permits private payments on the Internet, is also increasingly controlled by governments and corporations in ways that can void privacy. However, there are initiatives such as Zcash that promise to put private payments back into the Internet.

"ProtonMail and Bitcoin actually have a long history together,” Yen told Bitcoin Magazine. “Back in 2014 when PayPal instituted a payment block against us, we relied on BTC donations to keep the service running."

https://bitcoininthenews.com/?q=The-Winklevoss-Twins-on-Bitcoin-Industry-Growth-Lets-Build-That-Bridge-to-the-Legacy-World
20  Bitcoin / Press / [2016-03-16] Five Books On Blockchain and Bitcoin You May Need Right Now on: March 16, 2016, 09:01:40 PM
Some leading minds in crypto world are ready to share their knowledge and outlook on the future of new disruptive technologies. We have compiled the CT’s Top 5 Must Read Crypto Books.

Bitcoin and the Blockchain are definitely challenging the global economic order and also create a possibility of the political change. Many would like to be a part of that exciting movement, but first they need to understand how it works.

1. Mastering Bitcoin by Andreas Antonopoulos

Andreas Antonopolous is one of the Jedis in the BitcoinCT r: 8 Galaxy. He is a Consultant to a lot of Bitcoin-based startups, he teaches Digital Currencies at the University of Nicosia, and he is the host of the Let’s talk Bitcoin podcast.

The intended audience of his “Mastering in Bitcoin” book are coders, who can learn “how cryptocurrencies work, how to use them, and how to develop software that works with them”.

But, we have to say, that the first five chapters are adapt for noncoders too, because of their semplicity in explaining the digital money world.

2. Blockchain: Blueprint for a New Economy by Melanie Swan

Melanie Swan is the founder of the Institute for Blockchain Studies, an independent institution that aims at examining the implications of the decentralized ledger.

This book is very useful to understand how the Blockchain works and its application for the real life. The Swan’s effort is concentrated on a deep explaination of how the decentralized ledger works, before trying to investigate the Bitcoin case.

Of course Bitcoin and Blockchain are inseparable, but Swan aims at letting readers understand most of all the pratical use of the ledger, its regulation and proof-of-existence value.

"[I decided to write the book] in October 2014 when I realized that blockchains were a modernizing information technology that extends well beyond digital currencies, smart contracts, and automated Dapps, DAOs, & DACs; that blockchains mean a completely new era of the Internet with decentralized secure value transfer facilitated by algorithmic trust, not only making everything we do now more efficient, automatable, and trackable, but also opening up the possibility a much larger and truly global-scale of projects than have been possible before in hierarchical models)”, explained Swan.

3. Blockchain Revolution by Don Tapscott and Alex Tapscott

Some days ago we talked about Don Tapscott and his suggestion on how the blockchain could disrupt services as AirBnb and Uber.

This is just one example of Tapscott’s ideas about the Blockchain and how this ledger is a revolutionary invention.

Tapscott himself is the author of a new book called “Blockchain Revolution”, in which he explains all the Blockchain implications and application in our daily life.

This book will come out on May 10th, but we had the chance to talk with Tapscott, who explained us how his new book is very unique:

“Blockchain Revolution is not just the "best" book. It is the only book, significant book, on the blockchain revolution”, he commented.

“From a broader perspective this is an advocacy book. We don’t think that the future is something to be predicted, it’s something to be achieved. Blockchain technologies hold vast potential but there are many obstacles to be overcome. The goal of the book is to explain the opportunities for businesses, industries and society to achieve prosperity, competitiveness and social justice. It’s really about book about how the second generation of the Internet (based on blockchain technologies) can change civilization for the better”.

“[We decided to write this book] Two years ago at a father son ski trip. We had already been doing research on the governance of digital currencies as part of a $4 million research project I founded on new models of global governance”, said Tapscott.

Authors will launch a campaign giving a set of infographics about key themes in the book for anyone who pre-orders “Blockchain Revolution”.

These infographics will be: “Blockchain and the Music Industry”, “Blockchain Business Models”, “Overcoming Obstacles”.

4. The Age of Cryptocurrency: How Bitcoin and the Blockchain Are Challenging the Global Economic Order by Paul Vigna and Michael J. Casey

Wall Street Journalist Paul Vigna and Michael J. Casey wrote this book in January 2015.

They decided to record the book on the Blockchain: this was the first major publication shared on the decentralized ledger,they wanted to show that the Blockchain is not only the subject of the book.

“The Age of Cryptocurrency” has lots of positive feedback on Amazon.com and it reached the #11 position in the Amazon Chart related to the best Digital Currencies books.

5. The Science of the Blockchain by Roger Wattenhofer

Roger Wattenhofer teaches at ETH Zurich and before he worked at Brown University and Microsoft Research.

During his carreer he published more than 250 articles about science and cryptocurrencies.

The Science of the Blockchain explains - in a scientific way - the basic techniques when building fault-tolerant distributed systems. It presents different protocols and algorithms that allow for fault-tolerant operation. Also it gives an inside look on some systems that implement these techniques.

https://bitcoininthenews.com/?q=Five-Books-On-Blockchain-and-Bitcoin-You-May-Need-Right-Now
Pages: [1] 2 3 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!