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Bitcoin / Press / 2012-12-11 computerworld/techworld/idg - French Company to issue debit cards lin
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on: December 11, 2012, 03:32:57 AM
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French company to issue debit cards linked to bitcoin Paymium CEO Pierre Noizat says his company is focusing on the transactional benefits of the bitcoin system Jeremy Kirk 2012-12-11 http://www.techworld.com.au/article/444283/french_company_issue_debit_cards_linked_bitcoin/... A small company in France, Paymium, plans to make bitcoin easier to handle early next year by issuing debit cards linked to payment accounts that can accept the alternative currency. ... Early next year, Noizat said Paymium is planning to offer debit cards, which would make it easier for people to withdraw funds. Bitcoins could be sold through the Bitcoin-Central exchange, with funds deposited in the Aqoba payment account and withdrawn through a debit card. Noizat said Paymium is still investigating whether non-French citizens can legally open accounts. ... |
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Bitcoin / Press / 2012-12-10 moslereconomics.com - Bitcoins join global bank network
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on: December 10, 2012, 11:38:07 PM
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Notable because Warren Mosler is a well known economist. It looks like finally the point is getting across that Bitcoin can be useful no matter what the exchange rate. Bitcoins join global bank network Warren Mosler 2012-12-10 http://moslereconomics.com/2012/12/10/bitcoins-join-global-bank-network/(entire article text) Been looking at Bitcoins for a while and seems it’s not a currency but a payments system. For example, a acquaintance of mine who wanted to buy an item arranged with the seller to do it via Bitcoins to ‘save’ on vat taxes. Say the Bitcoin happened to be valued at $12, the buyer wanted to pay $120 dollars.(Note that the value per se was of no consequence for this transaction.) What the buyer of the item did was buy 10 Bitcoins for the $120, while simultaneously the seller sold 10 bit coins for $120. The buyer then then bought the item by transferring his 10 Bitcoins to the seller via the exchange, who ‘delivered’ them to the exchange for his prearranged $120. Bitcoins facilitate untaxed and anonymous transactions. The value of a Bitcoin is of no particular consequence to the buyer and seller in the case of transactions like this, and will fluctuate as a function of the policies of the exchange management. And seems the right to ‘operate as a bank’ now officially sanctions this type of activity. Virtual cash exchange becomes bank ** Bitcoins join global bank network ** A currency exchange that specialises in the virtual currency known as bitcoins has won the right to operate as a bank. About Warren Mosler (snipped from Wikipedia) Warren Mosler (born September 18, 1949) is an American economist, president and founder of Mosler Automotive, and co-founder of the Center for Full Employment And Price Stability at the University of Missouri-Kansas City. He briefly ran for President of the United States as a member of the Democratic Party in the 2012 election before dropping out to run for U.S. Senate.
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Bitcoin / Press / 2012-12-09 avc/businessinsider - Arduino, 3D Printers, Kickstarter, and BitCoin
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on: December 09, 2012, 09:50:17 PM
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Venture capitalist Fred Wilson's blog is well known, and his interest in Bitcoin continues. Arduino, 3D Printers, Kickstarter, and BitCoin Fred Wilson 2012-12-09 http://www.avc.com/a_vc/2012/12/arduino-3d-printers-kickstarter-and-bitcoin.htmlnow also - http://www.businessinsider.com/arduino-3d-printers-kickstarter-and-bitcoin-2012-12... I told Dan that Arduino, 3D printers, Kickstarter, and Bitcoin are four "toys" that I think will radically reshape some big industries in this decade. Of course it may not be Arduino as we know it. Or it may not be Bitcoin as we know it. ... I have said this before. The more I hear people laughing at, deriding, and dismissing something the more I think it is likely to be a big deal. I remember when the common refrain about Twitter was that nobody wants to know what someone had for lunch. Well maybe they do. And maybe Bitcoin will be accepted in Starbucks someday ... |
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Bitcoin / Bitcoin Discussion / Re: What to expect from Bitcoin Magazine
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on: December 09, 2012, 02:03:27 AM
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I have no opinion on the financial matters regarding Vladimir, as I've not been privy to relevant information, but I can confirm that the transfer of ownership was done in a misleading way and one which I consider to be either dishonest, or severely lacking in communication at best.
As an *extremely* minor shareholder due to some work on Issue 1, my signature was obtained to approve asset sales *but* - this was in the context of the recent written resolution which stated that they would be raising capital "for further development and production of our core product Bitcoin Magazine"
Really - my financial interest in the matter is so trivial as to be irrelevant.. frankly, I don't know if it's pennies or pounds.
The point is - it appears to me that the 'asset stripping' of bittalk media was done in a way that was possibly negligent if not outright fraudulent.
Please sign in to your Skype account and read the chat history before making such statements. Several solutions were discussed and the one that was chosen was approved by the majority of the shareholders. Unfortunately, I'm unable to at the moment. I understand you may have been using Skype as the main communication medium - but I guess our expectations differ a little in that regard as I expected communications on major issues like that via email (as the June written resolution was) - or I at least expected the document giving asset selling authority to give more specific notice of it's actual nature. I'm sorry if my message above was a bit accusational - the truth is I don't know what went on, and the announcement came as a surprise to me. To temper my statement above - well perhaps I should have been more proactive in seeking out information at the time. My reaction stems from surprise, and I thought the purpose of written resolutions etc was to avoid just such surprises. |
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Bitcoin / Bitcoin Discussion / Re: What to expect from Bitcoin Magazine
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on: December 09, 2012, 01:48:14 AM
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I have no opinion on the financial matters regarding Vladimir, as I've not been privy to relevant information, but I can confirm that the transfer of ownership was done in a misleading way and one which I consider to be either dishonest, or severely lacking in communication at best.
As an *extremely* minor shareholder due to some work on Issue 1, my signature was obtained to approve asset sales *but* - this was in the context of the recent written resolution which stated that they would be raising capital "for further development and production of our core product Bitcoin Magazine"
Really - my financial interest in the matter is so trivial as to be irrelevant.. frankly, I don't know if it's pennies or pounds.
The point is - it appears to me that the 'asset stripping' of bittalk media was done in a way that was possibly negligent if not outright fraudulent.
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Economy / Speculation / Re: Marketcap perspective
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on: December 08, 2012, 03:03:02 AM
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By moving to Bitcoin, not only would they stand to gain fabulous wealth simply as an 'early adopter' nation, but they have a natural advantage for large-scale bitcoin mining due to their climate. They are already taking advantage of natural cooling for data centres. Sadly, that's a pretty pie-in-the-sky idea even for Iceland I think. |
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Bitcoin / Press / 2012-12-07 fastcompany.com - Bitcoin-Central Gets Bank Status
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on: December 08, 2012, 02:17:47 AM
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This isn't really an 'article' - just an item in their 'Fast Feed' which is for breaking news. I figure it's noteworthy in that fastcompany is relatively influential in business circles (Mag circulation approx 750K, 600K+ twitter followers) Bitcoin-Central Gets Bank Status Nidhi Subbaraman 2012-12-07 http://www.fastcompany.com/3003819/bitcoin-central-gets-bank-status(full text of item) A Bitcoin exchange has become a Payment Service Provider in Europe after partnering with French banks Aqoba and Credit Mutuel. This means that owners could bank their Bitcoins, pay with Bitcoins using a debit card, and be protected by schemes that apply to regular money and regular bank accounts. The BBC explains that this setup gives Bitcoin Central network a position equivalent to PayPal and WorldPay. |
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Bitcoin / Press / Re: 2012-12-07 the verge - Bitcoin exchange gains clearance to operate as real bank
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on: December 08, 2012, 01:14:22 AM
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"And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their
right hand, or in their foreheads: and that no man might buy or sell, save he that had the mark,
or the name of the beast, or the number of his name." - The Revelation 13:16-17
 Bitcoin is so 'nothing like that'... whenever I see this idea pop up in comments on articles (and it does) - it just confirms the poster is not only suffering under some superstitious old mind virus, but they don't have the slightest idea how Bitcoin works. What part of Bitcoin you want me to explain to you? Welcome to my ignore list. |
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