BitCoin and Cryptocurrencies - Will they fail? My 3 Predictions!

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[TD="colspan: 2"] Bitcoin donations welcome, Newport Beach City Council candidate ... Los Angeles Times When Newport Beach City Council candidate Michael Glenn thinks of freedom, that includes the freedom to choose how to donate -- be it with dollar, ... [TABLE="width: 100%"]
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[TD="colspan: 2"] Is Bitcoin bubble bound to burst? Fox Business Murphy joining us now from Orlando hey -- Hey there how are you very good Harry -- I'm great CU nine bitcoin so first tell us what -- -- calling is and ...
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[TD] Bitcoin laut Bundesbank keine Alternative zu Geld Finanzen.net "Bitcoins sind doch berhaupt keine Alternative zu unserem Geld. Sie sind als Zahlungsmittel ein absolutes Nischenprodukt", sagte ...
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[TD="colspan: 2"] Could Bitcoin move the gold market? Fox Business DO YOU THINK WE'RE GOING TO GO DOWN TO 1,000 BUCKS? >> WE MIGHT SEE A 9 IN FRONT OF THAT NUMBER, AND I THINK THAT GOLD ...
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[TD="colspan: 2"] Bitcoin Tumbles on China Restrictions InternetNews.com Bitcoin's value had been hovering above $1,000 USD per BTC for most of December, but a decision made in China has triggered a collapse in value ...
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[TD="colspan: 2"] How Do You Mine for Bitcoins? Bloomberg Dec. 20 (Bloomberg) -- Bloomberg's Matt Miller reports on how you mine for Bitcoin, which isn't as easy as it sounds. He speaks to Trish Regan and ...
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[TD="colspan: 2"] Bitcoin theft: what for and how? The Voice of Russia The Bitcoin, the virtual currency was recently stolen on the sum of $100 million this month. The illegal Sheep Marketplaces fell under the use of the ...
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[TD="colspan: 2"] How Will the IRS Tax Bitcoin? Wall Street Journal Despite a recent plunge, bitcoin has had a banner year. Now comes the hard part—figuring out the taxes on it. For the uninitiated, bitcoin is the most ...
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[TD="colspan: 2"] China Bitcoin Exchange Plots Future After Crackdown Wall Street Daily Don't look now, but Bitcoin is under siege. The front lines of this new war on digital currency? BTC China, which was until recently the world's busiest ...
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[TD="colspan: 2"] Bitcoin/USD: Overstock.com plans to accept bitcoin payments in 2014 iNVEZZ Bitcoin/USD has jumped by roughly 67.5 percent from its one-month low of $449.8 set on Wednesday after a string of positive news that the e-currency ...
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TechCrunch

[TD="colspan: 2"] BTC China CEO Attempts To Calm The Bitcoin Market After RMB ... John Biggs In a letter posted on the Chinese bitcoin trading site BTC China CEO Bobby Lee attempted to calm the markets by posting a long, detailed description ... [TABLE="width: 100%"]
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[TD="colspan: 2"] Mine Bitcoins After Employees Leave - Business Insider Julie Bort An employee at startup Nutanix suggests that companies could pay for their data center gear by using it to mine for bitcoins at night.
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[TD="colspan: 2"] Bitcoin Shits the Bed Balloon Juice dpm (dread pirate mistermix) Bitcoin, the glibertarian dream currency, lost half its value because China shut down the Bitcoin exchange that trades 1/3 of the world's Bitcoin.
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[TD="colspan: 2"] Giant US Retailer to Accept Bitcoin | Zero Hedge George Washington Europe has rolled out its first Bitcoin ATM. And a bitcoin ATM in Vancouver, Canada did $1 million dollars worth of transactions within the first 29 days.
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[TD="colspan: 2"] 5by5 | The Critical Path #106: Can Bitcoin Be Money? Horace Dediu & Moiss Chiullan Horace and Moiss discuss the sudden decline of Bitcoin due to a crackdown in China, from the purpose of Bitcoin's existence to the nature and ...
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[TD="colspan: 2"] 'Better to gamble in Macau': Hong Kong business students deem ... Students at a private business college say they will not invest in bitcoin because the future of the digital currency is still unclear....
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[TD="colspan: 2"] Even if Bitcoin fails, cryptocurrencies are here to stay | Financial Post John Greenwood John Greenwood: 'Like all bubbles, the Bitcoin craze is fueled by seemingly unshakeable belief on the part of investors that prices can only go up'
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[TD="colspan: 2"] Crazy Hacker Wants to Save Bitcoin by Blasting a CubeSat into Space Adam Clark Estes Jeff Garzik is a dreamer. You know, the kind of guy who probably thought that he could fly with his red cape when he was younger. (Note: As a toddler, ...
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[TD="colspan: 2"] Murray Rothbard: Bitcoin is a Crank Scheme Robert Wenzel Murray Rothbard: Bitcoin is a Crank Scheme. In the August 1981-January 1982 issue of The Libertarian Forum, Murray Rothbard offered a critique of ...
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[TD="colspan: 2"] Ask Dr. Bitcoin: What if I want to get into Bitcoin mining ... Kyt Dotson "I want to get into Bitcoin mining, but I just don't know where to look or what to buy. When is a good time to get into the community for mining?
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www.reuters.com/.../overstock-bitcoin-idUSL2N0JZ02X2013...

[TD="colspan: 2"] Overstock plans to accept bitcoin next year- report | Reuters Dec 19 (Reuters) - Ecommerce site Overstock.com Inc plans to be the first major United States retailer to accept thedigital currency bitcoin, according ... [TABLE="width: 100%"]
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Bitcoins: Currency catch-up Financial Express That is only a little more than what a bitcoin trades for. But unlike the yellow metal that has to be dug out from the earth and purified, bitcoins are born ...
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[TD="colspan: 2"] Bitcoin future probably won't increase investor currency Montgomery Advertiser What do you make of the recent Bitcoin bubble and the huge price fluctuations? ... I understand and don't understand the Bitcoin phenomenon.
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[TD] Into the Bitcoin Mines New York Times On the flat lava plain of Reykjanesbaer, Iceland, near the Arctic Circle, you can find the mines of Bitcoin. To get there, you pass through a fortified gate ...
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[TD="colspan: 2"] Bitcoin proves its volatility with price plunge 3News NZ Bitcoin was created in 2009 by a computer programmer, and is what is known as a virtual currency. It can be transferred from computer to computer ...
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[TD] Hello Bitcoin, goodbye Western Union? The future of remittance ... Radio Netherlands For African migrants, sending money back home comes at a high cost: they spend an average of 12.4 percent on transfer fees. Bitcoin entrepreneurs ...
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[TD="colspan: 2"] SIMON WATKINS: Bitcoin bubble sounds crazy? It is This is Money Have you been busy this weekend spending your Bitcoins in the shops? I thought not. The Bitcoin virtual currency was hailed by its fans in 2013 as a ...
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[TD="colspan: 2"] Overstock.com Is Going To Accept Bitcoin In 2014 Forbes What makes Bitcoin unique is that it is not backed by any government or central bank. To conduct a transaction, the buyer requests an update to a ...
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[TD="colspan: 2"] Get Ready Overstock, Here Come The Bitcoin Bean Counters Forbes So retailers are now on alert-Bitcoin is probably in their future, either ... Small businesses are intrigued by Bitcoin as a credit-card processing fee killer, ...
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[TD] CryptoLocker's crimewave: A trail of millions in laundered Bitcoin ZDNet Summary: CryptoLocker has infected an estimated 250,000 victims, demands an average $300 payout, and is trailing millions in laundered Bitcoin.
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[TD] iOS 7 Jailbreak Released, Enables Tethering, Alternative Apps And ... Forbes ... for iOS, like f.lux, and tether their phones to their computers free of charge all the way to being able to use Bitcoin related apps on their phones.
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Daily Kos

[TD="colspan: 2"] Daily Kos: Midday open thread: Bitcoin, craft brewing, and ... [email protected] (Dante Atkins) To editorialize briefly, BitCoin looks like it was designed as a weapon intended to damage central banking and money issuing banks, with a ... [TABLE="width: 100%"]
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[TD="colspan: 2"] Overstock plans to accept bitcoin payments in 2014 | The Raw Story George Chidi The libertarian leader of one of the largest online retailers in the world has decided to step into the bitcoin fray. Overstock.com's CEO Patrick Byrne told ...
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[TD="colspan: 2"] How To Steal Bitcoins In Three Easy Steps | Zero Hedge Tyler Durden Over the past several months, Bitcoins have soared in popularity, acceptance and price. Naturally, it was only a matter of time before Bitcoin crime ...
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[TD="colspan: 2"] Overstock will accept Bitcoin payments in 2014 | VentureBeat ... Ricardo Bilton The online retailer, which pulls in $1 billion a year, announced on Friday that it plans to accept Bitcoin in the second half of next year. With the move ...
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[TD="colspan: 2"] Is Bitcoin A Long Term Currency Solution? Here's How It Works ... Noah Bonn Have you ever wondered how digital money works? Any ordinary digital file such as an MP3, AVI or PDF can be copied an infinite number of times, ...
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[TD="colspan: 2"] 2014 Predictions : Big Data, mobile, SQL + Bitcoin | SiliconANGLE Mellisa Tolentino This year was full of innovations and advancements in Big Data, the cloud, Bitcoin's economy, and wearable tech. So what does the future of the tech ...
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[TD="colspan: 2"] Frisby's Bulls And Bears Talking Crypto with Johnny Bitcoin commoditywatch In today's show in the murky alcove of some remote, shady pub, I meet a crypto currency trader who goes by the name of 'Johnny Bitcoin'. Here's what ...
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[TD="colspan: 2"] Overstock will take Bitcoin payments in 2014 | Diary of Dennis Dennis X The virtual currency Bitcoin had a hard week and while Bitcoin is already known for being very volatile, some retailer are still not shocked about this ...
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[TD="colspan: 2"] My Own Market Narrative: OMG. Jeff Berwick on Bitcoin. I Will Never Accept The Terms of Service He thinks it has the potential to go to a million dollars. Partially because the US dollar is going to collapse. Oh and Galt's Gulch Chile accepts Bitcoin in ...
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[TD="colspan: 2"] bitcoin: fact or fiction - Early-Retirement.org frank I have been hearing a lot of talk about bitcoin as some kind of digital currency. Does anyone know anything about it? does it have actual value? how ...
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techcrunch.com/.../btc-china-ceo-attempts-to-calm-the-bitcoin-...

[TD="colspan: 2"] BTC China CEO Attempts To Calm The Bitcoin Market After RMB ... In a letter posted on the Chinese bitcoin trading site BTC China CEO Bobby Lee attempted to calm the markets by posting a long, detailed description ... [TABLE="width: 100%"]
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[TD="colspan: 2"] Bitcoin boon? Overstock to become biggest retailer to accept the ... Bitcoin enthusiasts will soon be able to go on a bigger shopping spree thanks to Overstock.com, which is slated to become the biggest...
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[TD="colspan: 2"] Overstock.com Plans To Accept Bitcoin - Slashdot SonicSpike writes "Overstock plans to become the first big U.S. online retailer to accept Bitcoin, as Patrick Byrne, the company's libertarian chief ...
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hzwill said:
No. Do you know what is the biggest different between these? greed never know when to stop,
Click to expand...

Sure they do, when they 've had enough of it and then go to the next toy.

and this will drive people fall into the cliff soon or later.
Click to expand...

That 's simply an assertion to make you sleep better at night :) "Oh, those greedy people will fail". Sure thing... :o
 
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Bitcoin future probably won't increase investor currency Montgomery Advertiser For the idealist, the Bitcoin is a market driven, global currency which gets around the friction of the inefficient financial system dominated by banks, ...
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[TD] Bitcoin: Boom or bust? Alaskans bet on the virtual currency Anchorage Daily News A 4-year-old "virtual" currency called Bitcoin is finding investors around the world, including in Alaska. Bitcoin's growth has been fueled largely by a ...
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[TD] Bitcoin trades at USD660 in rangebound trade Moneycontrol.com Investing.com - Bitcoin prices rose modestly in rangebound trade on Monday, as demand for the virtual currency remained supported amid ...
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[TD="colspan: 2"] Is Buying Bitcoin Like Buying Gold? Bloomberg Dec. 23 (Bloomberg) -- Citigroup Global's Steven Englander discusses bitcoin on Bloomberg Television's "Bloomberg Surveillance." (Source: ...
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[TD="colspan: 2"] Banks Mostly Avoid Providing Bitcoin Services Wall Street Journal Companies trying to cash in on the newfangled bitcoin craze are having trouble getting old-fashioned bank accounts. Lenders are leery of dealing with ...
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[TD="colspan: 2"] Bitcoin Descendant NXT Features 100% New Code, Green Mining ... Baystreet.ca Unlike all other alt coins which are really just variations of Bitcoin, NXT is a completely original design built from scratch with an entirely new code ...
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[TD] Bitcoin Enablers Bex.io Raise $500000 Seed Round BetaKit With some expecting the Bitcoin economy be valued at nearly $3 trillion in late 2016, the virtual currency's appeal is growing with Canadian investors.
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[TD="colspan: 2"] Betting on Bitcoin NDTV A software programmer named Laszlo Hanyecz had, to his happy surprise, persuaded someone to accept 10,000 Bitcoins in exchange for two pizzas ...
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[TD="colspan: 2"] Into the bitcoin mines: All you wanted to know about bitcoins Economic Times The scarcity - along with a speculative mania that has grown up around digital money - has made each new Bitcoin worth as much as $1,100 in recent ...
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[TD="colspan: 2"] Bitcoin retail revolution still long way off, says Eversheds' Fiona Ghosh The Lawyer She said: 'While it is unsurprising that Bitcoin is gaining in popularity, both in the online and offline world, I would still expect that the majority of ...
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NYT Bits

[TD="colspan: 2"] Disruptions: Betting on a Coin With No Realm - NYTimes.com By NICK BILTON The real question is not what Bitcoin will be worth. It is whether digital currencies have promise and, if so, how they could change our world. [TABLE="width: 100%"]
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[TD="colspan: 2"] Bloomberg's Miller Bitcoin Gift Stolen - Business Insider Sam Ro I was watching bloomberg where they are doing the "12 days of bitcoin". The guy that is hosting the series gave bitcoin gift certificates to the other two ...
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[TD="colspan: 2"] Bitcoin Free Money Spammers - Business Insider Joe Weisenthal Ugh. Forex spammers who email you with guaranteed get-rich-quick-schemes have entered the Bitcoin game. This just landed in my inbox.
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[TD="colspan: 2"] NYT: How a programmer paid $6M in Bitcoin for two pizzas and ... Dean Takahashi Bitcoin, the digital currency that has drawn the infatuation of investors and techies around the globe, has gone mainstream in a big way. Today, the ...
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[TD="colspan: 2"] Overstock.com Will Accept Bitcoin, Immediately Exchange for Dollars Robert Sorokanich Overstock.com CEO Patrick Byrne made waves in the imaginary money world when he announced the retailer will start accepting payment in bitcoin ...
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[TD="colspan: 2"] Would Bitcoin Have Prevented the Biggest Credit Card Theft in History Alec Liu ([email protected]) Target just had 40 million credit cards jacked. Would a cryptocurrency have made the difference?
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[TD="colspan: 2"] Bitcoin, 3D-printing to make waves in 2014: report - Luxury Daily ... Joe McCarthy A new report by JWT retail hypothesizes that the idea of a circular economy will gain popularity and fair trade apparel will become more widely ...
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[TD="colspan: 2"] RealClearMarkets - Overstock First Major Retailer to Take Bitcoin Ben Rooney, CNNMoney Overstock plans to begin accepting Bitcoin near the end of the second quarter of 2014. Byrne said the move stems partly from his background in the ...
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[TD="colspan: 2"] BitcoinValueFund: Stanford Law School Forum on Bitcoin BitcoinValueFund While its a bit long at 1.5 hours, it very informative for those who are just learning about Bitcoins and those who have already adopted BTC.
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[TD="colspan: 2"] Academia and the transformations that are upon us: Bitcoin edition ... Nicholas Gruen So I know you want to get the latest on Bitcoin - and in that regard this post should not disappoint. It is indeed about bitcoin. But . . . there's more.
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www.forbes.com/.../overstock-com-is-going-to-accept-bitcoin-...

[TD="colspan: 2"] Overstock.com Is Going To Accept Bitcoin In 2014 - Forbes Overstock.com has plans to become the first major U.S. retailer to accept Bitcoin. In an interview with newsBTC, Overstock.com CEO and Chairman ... [TABLE="width: 100%"]
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[TD="colspan: 2"] Get Ready Overstock, Here Come The Bitcoin Bean Counters - Forbes While Overstock.com might be an outlier among retailers it is also a public traded company and that means it must duly disclosure to shareholders ...
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[TD="colspan: 2"] CryptoLocker's crimewave: A trail of millions in laundered Bitcoin ... CryptoLocker has infected an estimated 250000 victims, demands an average $300 payout, and is trailing millions in laundered Bitcoin.
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[TD="colspan: 2"] Activist Post: Basics of Bitcoin The Fiat Dollar has a lot in common with never-ending supplies of tulips, while Bitcoin is similar to Pysical-Gold (but of ultimately limited volume, rigidly ...
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RBI warns against Bitcoin use in India The Hindu The Reserve Bank of India, on Tuesday, warned the public against the use of virtual currencies such as Bitcoin, pointing out that users expose ...
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[TD="colspan: 2"] Bitcoin Meets Google Trends and Wi Forbes Bitcoin, the digital currency du jour, is a bit of an economic curiosity. Unlike gold, it has no intrinsic value. Unlike a currency issued by a country, ...
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[TD] Building Bitcoin use in South Florida and beyond MiamiHerald.com Bitcoin, the international digital payment system and currency and one of the hottest technology and finance topics this past year, could become a ...
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[TD="colspan: 2"] Beyond bitcoin: Inside the cryptocurrency ecosystem Fortune Bitcoin has spawned numerous spinoffs and imitators. Why the sudden proliferation of "altcoins" - and what are the chances that any of them matter?
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[TD="colspan: 2"] The Bitcoin Pizza Purchase That's Worth $7 Million Today Forbes This is a fable for the Bitcoin bubble (or not?) that we're living through this year. Back in 2010, Florida programmer Laszlo Hanyecz talked someone ...
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[TD] The future of money, reckoned by payment technologies of 2013 Triangle Business Journal Bitcoin. Square. Clinkle. Payment technologies have been a hot area of growth and investment in 2013. But so far, no company, startup or incumbent ...
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[TD] Bitcoin: Government-less Currency With Government Regulation? Article 3 This is the best way I have found to understand the new global virtual currency Bitcoin, except for the fact that there's no one casino in control. People ...
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[TD="colspan: 2"] Will Bitcoin and other digital currencies make it cheaper and easier ... Economic Times Bitcoins are now accepted as payment at almost a thousand retail outlets and websites, including OKCupid, Reddit, and Pizza Rodi in Montreal.
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[TD="colspan: 2"] RBI warns against Bitcoin use Livemint Mumbai: The Reserve Bank of India (RBI) on Tuesday warned the public against the use of virtual currencies such as Bitcoin, saying use of such ...
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[TD="colspan: 2"] Banks mostly avoid providing bitcoin services MarketWatch Patrick Murck, general counsel for the Bitcoin Foundation, a trade group, has been raising the issue in meetings with regulators and bank executives.
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Markets

[TD="colspan: 2"] BILL GROSS: The Bitcoin Age - Business Insider Rob Wile This afternoon, the PIMCO bond fund founder offered some year-end Tweet-thoughts about what's moving markets these days. [TABLE="width: 100%"]
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[TD="colspan: 2"] Peter Schiff: Bitcoin intriguing, but isn't going anywhere | Breakout ... From the blog Breakout: Noted gold bull and Fed critic Peter Schiff gives us his unique take on the rising popularity of bitcoin.
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[TD="colspan: 2"] Bloomberg Anchor Gifted a Bitcoin Live, Is Immediately Robbed of It ... Noah Rothman Bloomberg anchor Matt Miller thought it would be a great idea to tie in his colleague's Christmas gift with a story that dominated 2013: the insurgent ...
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[TD="colspan: 2"] A TV Anchor Tries to Gift Bitcoin On Air, Is Immediately Robbed Ashley Feinberg This past Friday, Bloomberg TV anchor Matt Miller took an on-air opportunity to give the gift of Bitcoin to two of his fellow anchors during his "12 Days ...
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[TD="colspan: 2"] The Impracticality of Bitcoin - Truthdig [email protected] The presently unregulated digital currency has libertarians and currency speculators in a tizzy over the possibility of making a lot of money in a short ...
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[TD="colspan: 2"] Bloomberg anchor gets Bitcoin on live TV and is promptly robbed by ... Travis Gettys Bloomberg TV anchor Matt Miller gave two colleagues, Adam Johnson and Trish Regan, $20 in digital currency in a "12 Days of Bitcoin" segment.
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[TD="colspan: 2"] Startups Toil in the Bitcoin Mines | Drudge Retort rcade a number of entrepreneurs have rushed, gold-fever style, into large-scale Bitcoin mining operations in just the last few months. The computers that do ...
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[TD="colspan: 2"] You Can Now Buy Victoria's Secret Lingerie With Bitcoins - Business ... Julie Bort You can now use bitcoin to buy Victoria's Secret lingerie via a gift card from Gyft, the app that replaces physical gift cards.
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[TD="colspan: 2"] Bitcoin Virtual Mining in the Real World - The Guardian Express Brent Matsalla Bitcoin Virtual Mining There is a whole other side to the virtual Bitcoin world that often doesn't get spoken about. It's not often publicised because of the ...
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[TD="colspan: 2"] The Bitcoin economy | Scientific Clearing House Carson Chow The electronic currency Bitcoin has been in the news quite a bit lately since its value has risen from about $10 a year ago to over $650 today, hitting a ...
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www.forbes.com/.../bitcoin-is-more-like-a-speculative-investm...

[TD="colspan: 2"] Bitcoin Is More Like A Speculative Investment Than A Currency ... Given that Bitcoin has become much more popular in recent months we're beginning to see some academic work coming out on the cryptocurrency. [TABLE="width: 100%"]
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Bitcoin to be accepted next year by Overstock.com The Seattle Times The discount online retailer Overstock.com plans to start accepting bitcoin — the alternative to government-minted money — by the end of June, said ...
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[TD] Bitcoin explained in layman's terms NDTV First of all, there is a difference between the terms 'Bitcoin' and 'bitcoin'. Bitcoin, where the "b" is capitalised, refers to the entire system itself. It's like ...
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[TD="colspan: 2"] Alydian Proposes Deadline for Bitcoin-Mining Rig Offers Wall Street Journal Officials at Alydian want to begin taking offers for their new 36 bitcoin-mining rigs, which rapidly fell behind the technological power of competitors who ...
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[TD="colspan: 2"] Bitcoin service firms best investment, not virtual currency itself ... South China Morning Post Investors looking for a way to make money from the global bitcoin bonanza should steer clear of the pseudo currency itself and instead follow Li ...
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[TD] Bitcoin operators shut shops in India amid RBI warning The Hindu A number of bitcoin operators in India have begun suspending their business following RBI's warning against use of such virtual currencies due to ...
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[TD] Bitcoins: How Vulnerable To Theft Are They? Ask TV Anchor Matt ... ValueWalk A Bloomberg TV anchor falls victim to a bitcoin thief who took advantage after he showed the QR code for his bitcoin gift certificate in a close-up shot ...
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ValueWalk
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[TD] Bitcoins proving popular in Slovakia Prague Post Bratislava, Dec 27 (ČTK) — The installation of the first ATM machine dispensing digital currency bitcoin in the Slovak capital of Bratislava about one ...
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[TD="colspan: 2"] The Bitcoin Craze: What's Next for the Digital Currency? Elliott Wave Next, bitcoin retraced much of that spectacular rise. When the August 2012 Theorist published, the electronic currency fell from $32 to $15.40.
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[TD] The Bitcoin Industry Takes Root in Austin Silicon Hills News Satoshi Nakamoto is the pseudonymous creator of the first Bitcoin in 2009 but little is known about him, including his real name. He left the project a ...
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Silicon Hills News
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[TD="colspan: 2"] Bitcoin Setback: New Central Bank Warning Sky News India's biggest Bitcoin trading platform has suspended operations after the country's central bank warned of the risks of using virtual money.
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Engadget RSS Feed

[TD="colspan: 2"] Bitcoin exchanges shut down after threat from India's central bank Jamie Rigg Bitcoin is quickly beginning to attract the attention of regulators in a number of countries. After a flat-out ban in Thailand and restrictions on banks. [TABLE="width: 100%"]
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[TD="colspan: 2"] Overstock to Embrace Bitcoin, Giving the Currency a Lift - NYTimes ... By NICK WINGFIELD Patrick Byrne, the chief executive of Overstock, said the company planned to let online shoppers pay for goods with Bitcoin by June.
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[TD="colspan: 2"] WPCS Bitcoin - Business Insider Rob Wile Very little has been written about WPCS, which bills itself as a communications infrastructure firm.
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[TD="colspan: 2"] Bitcoin and the Dangerous Fantasy of 'Apolitical' Money - Truthdig [email protected] The crash of 2008 infused our societies with enormous skepticism of government and central bank authority. Naturally, many dream of a currency that ...
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[TD="colspan: 2"] Top India Bitcoin Operator Halts Trade - Business Insider Agence France Presse The "huge volatility in the value of virtual currencies has been noticed", it added.
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[TD="colspan: 2"] Indian Bitcoin exchanges suspend operations after gov't warning ... Eric Blattberg Several Bitcoin exchanges in India have suspended operations amid fears they could violate anti-money laundering and financial terrorism laws.
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[TD="colspan: 2"] Bitcoin Weekly: Predictions for BTC in 2014 | SiliconANGLE Kyt Dotson With 2013 wrapping up we've seen some amazing movement and popularization for the cryptocurrency so-named Bitcoin. The beginning of 2013 saw ...
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[TD="colspan: 2"] Bitcoin Exchanges In India Shut Down After Regulator Warning ... Pankaj Mishra Bitcoin exchanges in India are shutting down days after the country's banking regulator warned users of virtual currency against security and financial ...
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[TD="colspan: 2"] BitHub Pays Open-Source Developers in Bitcoin - CoinDesk Michelle Urban WhisperSystems has announced a new service, BitHub, a way to fund open-source security systems for mobile devices.
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[TD="colspan: 2"] Bitcoin in healthcare: The value v. security debate | HealthITSecurity ... Patrick Ouellette We recently wrote about some of the benefits and risks of the Bitcoin on HealthITSecurity.com and there has been plenty of action on the subject since.
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www.ibtimes.com/dogecoin-digital-currency-similar-bitcoin-h...

[TD="colspan: 2"] Dogecoin, A Digital Currency Similar To Bitcoin, Has Been Hacked ... While bitcoins are worth more than $700 each, dogecoin is still in its infancy and is valued at a fraction of a dollar. [TABLE="width: 100%"]
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Surely we could create a BHWcoin, get everyone onboard but of course we'll always have the upper hand ;)
 
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Bitcoin Trading Exchange Coinsetter Files to Raise $1.5 Million Bloomberg Coinsetter Inc., a Bitcoin trading platform, filed to raise $1.5 million as venture capitalists flock to companies tied to the digital currency. The fundraising ...
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JOSIC: News, Sports, Style, Culture & Technology
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[TD] Overstock.com plans to accept bitcoin Boston Globe One of the biggest questions looming over Bitcoin, the digital currency generating attention in the tech business, is when big mainstream merchants ...
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[TD="colspan: 2"] Bitcoin Exchanges In India Shut Down After Regulator Warning TechCrunch Bitcoin exchanges in India are shutting down days after the country's banking regulator warned users of virtual currency against security and financial ...
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[TD="colspan: 2"] Bitcoin conference coming to Miami Beach in January MiamiHerald.com The North American Bitcoin Conference is coming to the Miami Beach Convention Center Jan. 25-26. As part of its mission to grow bitcoin use, the ...
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[TD="colspan: 2"] Indian Bitcoin exchanges suspend operations after gov't warning VentureBeat Several Bitcoin exchanges in India have suspended operations amid fears they could violate anti-money laundering and financial terrorism laws.
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[TD="colspan: 2"] Bitcoin operator halts after warning NEWS.com.au INDIA'S biggest Bitcoin trading platform said on its website Friday it had suspended operations after the central bank warned against the risks of using ...
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[TD="colspan: 2"] Bitcoin exchanges shut down after threat from India's central bank Engadget Bitcoin is quickly beginning to attract the attention of regulators in a number of countries. After a flat-out ban in Thailand and restrictions on banks in ...
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[TD="colspan: 2"] [video] Bitcoin Coming to Nasdaq, Twitter Stock Pops TheStreet.com NEW YORK (TheStreet) -- WPCS International will launch a Bitcoin trading application in 2014, and Jim Cramer says he likes what he sees at ...
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[TD="colspan: 2"] Top Bitcoin operator halts trade after RBI warning Times of India NEW DELHI: India's biggest Bitcoin trading platform said on its website on Friday it had suspended operations after the central bank warned against ...
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[TD="colspan: 2"] Bitcoin start-up nabs Wal-Mart, Goldman board member Fortune (blog) FORTUNE -- The Bitcoin economy just got another vote of confidence. M. Michele Burns, a finance industry veteran who sits on the boards of Goldman ...
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RT - Daily news

[TD="colspan: 2"] India's top bitcoin platform halts trade after state regulator 'security ... RT India's largest bitcoin exchange service has suspended its operations, just when the most valuable currency in the world had begun to gain ... [TABLE="width: 100%"]
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[TD="colspan: 2"] Bitcoin: Beauty or bubble? | Stuff.co.nz Laura Walters The global frenzy surrounding the crypto-currency bitcoin has brought the financial market to mainstream attention. But is bitcoin a bubble waiting to ...
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[TD="colspan: 2"] Overstock.com to start accepting BitCoin - The Loop Dave Mark This move gives just the slightest appearance of legitimacy to BitCoin. Interesting move on the part of Overstock.com. But perhaps this is all just PR ...
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[TD="colspan: 2"] RBI advisory on virtual currency makes Indian Bitcoin exchanges ... Post the Reserve Bank of India's (RBI) advisory notice warning people about the risks of virtual currencies, the country's biggest Bitcoin trading ...
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[TD] India's Technology News, Analysis, Reviews, Videos, Downloads, Products Comparison on Tech2.in.com [/TD]
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[TD="colspan: 2"] Wal-Mart Stores Inc. (NYSE:WMT) Bitcoin start-up nabs ... - Jutia Group Analyst Services FORTUNE -- The Bitcoin economy just got another vote of confidence. M. Michele Burns, a finance industry veteran who sits on the boards of Goldman ...
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[TD="colspan: 2"] EconomicPolicyJournal.com: Bitcoin Exchanges Shut Down in India ... Robert Wenzel As first reported by The Hindu, India's largest Bitcoin exchange, BuySellBitCo.in, a site where you could trade the popular digital currency for ...
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[TD="colspan: 2"] Bitcoin operators shut shop in India amid RBI warning - Poker Forums nitulbhatia NEW DELHI: A number of bitcoin operators in India have begun suspending their business following Reserve Bank Of India's warning against use of ...
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[TD="colspan: 2"] L'Allemagne octroie un statut lgal au Bitcoin pour mieux le taxer ... ZDnet Outre-Rhin, le Bitcoin est dsormais une "Rechnungseinheiten" - une unit montaire - officielle. Pas tout fait une monnaie, mais tout fait taxable.
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Do you really know bitcoin? Here are 11 myths

http://www.moneycontrol.com/news/in...really-know-bitcoin-here11-myths_1015387.html

Read more at: http://www.moneycontrol.com/news/in...e11-myths_1015387.html?utm_source=ref_article


While there were plenty of other big surprises in 2013, no business story likely was more unique than bitcoin, the online simulated currency that threatened to shake up the global monetary system.

Debate raged over bitcoin's legitimacy: Was it just a playful creation of hobbyists, or a new exchange medium brought about as a logical reaction to profligate currency manipulation from the world's central banks?

Nick Colas, chief market strategist at ConvergEx, was one of the early Wall Street analysts to take a serious look at bitcoin back in February. To wrap up 2013, he examined what he sees as 11 myths surrounding the subject.

1. Bitcoin is huge For all the talk and hype, bitcoin is tiny with a total value of just USD 10.8 billion. That compares to the total stock of US dollar at USD 800 billion, Colas said in a report. There's also about USD 4 trillion in global currency traded every day. (Read more: What you need to know about digital currencies)

2. Bitcoin enables drugs and terrorism Colas argues that bitcoin is "way too volatile" for the average drug dealer or terrorist. That's not to say that "some enterprising dealers" don't use it, but if it was widespread Colas contends its value would be "USD 10,000 or higher" compared to Friday morning's trading value of about $800.

3. Bitcoin is a currency This is perhaps the most contentious observation, as bitcoin is often referred to as a "cryptocurrency." Colas offers that bitcoin is "a system much more than a 'currency'" in which holders agree to take part in a transaction of value. Banking analyst Dick Bove may have been more to the point, where in a recent analysis he called bitcoin a "low-cost replacement for credit cards and other payment mechanisms." There are virtually no costs involved with bitcoin transactions, as opposed to wire transfers, for instance.

4. Bitcoin has never been more volatile than now Untrue, according to a chart Colas prepared analyzing bitcoin's one-month returns and standard deviation. It actually was more volatile in May 2011, before most people even had heard of bitcoin. (Read more: Behind China's love affair with bitcoin)

5. Chinese citizens can't buy bitcoins BTC China has been one of the most dominant exchanges for bitcoin, with nearly 10 million transactions over the past month, according to bitcoincharts. That's despite a government ban on financial institutions handling such transactions.

6. Bitcoin is not a store of value This is an expression often given to gold and silver, and Colas said it does not apply to bitcoin. "Bitcoin may one day prove it deserves to sit alongside those assets," he said. "It isn't there yet."

7. Bitcoin is untraceable Bitcoin transactions happen online. Enough said. (Though Colas does offer: "If you think anything you do online is secret, I can't help you.")

8. Losing anonymity will render bitcoin useless Conversely, traceability doesn't dim bitcoin's allure, which is really in its low or no-cost transactions. (Read more: Big US online retailer to accept Bitcoin)

9. It's a Ponzi scheme No, it isn't. Ponzi schemes have no other intent than to defraud. There's no evidence to suggest that bitcoin is in the same boat, despite the strong price volatility and attraction for speculators. The Federal Reserve has noted the "potentially significant positive social value" of bitcoin, Colas noted.

10. Bitcoin is "ready for prime time" No, it isn't. As Bove, Colas and numerous others have pointed out, bitcoin won't get legit until price volatility gets tamped down and a truly safe, mainstream storage place emerges. Colas suggests banks, Paypal or Apple come up with a storage device.

11. Something better will kill bitcoin This one doesn't get so much play, but it's worth considering. Bove has contended that being first gives bitcoin a tremendous competitive advantage, and Colas echoes that point. "There are other online money transfer products out there, of course, and more to come," he said. "The challenges will be the same for all of them: security, utility and legal compliance."

The quest to meet those challenges likely means bitcoin remains a serious story for 2014.

"I absolutely understand why there are so many bitcoin haters out there. But don't hate the player; hate the game," Colas said. "Technology is a tremendously disruptive force in society, and it knows no boundaries. It disturbs every status quo. That's what is does. Just don't make the mistake of thinking that you can reverse it by calling it a bubble."

Read more at: http://www.moneycontrol.com/news/in...e11-myths_1015387.html?utm_source=ref_article

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[TD] Do you really know bitcoin? Here are 11 myths Moneycontrol.com For all the talk and hype, bitcoin is tiny with a total value of just USD 10.8 billion. That compares to the total stock of US dollar at USD 800 billion, Colas ...
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[TD="colspan: 2"] Everyone Who Believes In Bitcoin Should Try To Answer This ... Joe Weisenthal Placing a ceiling on the value of bitcoins is computer technology and the form of the hash function? until the limit of 21 million bitcoins is reached.
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[TD="colspan: 2"] White Army ? 500000 Sick With Flu ? Bitcoin ... - InvestmentWatch InvestmentWatch South Sudan Mobilizes Fighting Forces -- India Halts Bitcoin Trading Platform -- Dangerous Overuse Of Antibiotics -- Egypt To Appropriate All Muslim.
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[TD="colspan: 2"] Forums - I admit I don't understand bitcoin, but find it interesting I have been thinking about bitcoin, and it seems to me that one of the key places where it might really take off (if it hasn't already like I said I know next ...
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[TD="colspan: 2"] Enforcement Directorate raids premises of two entities trading in ... Ahmedabad: The Enforcement Directorate (ED) raided the premises of two entities trading in Bitcoins, a virtual currency, officials said today. The raids ...
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[TD="colspan: 2"] Bitcoin a Bit Useful - The Guardian Express Matt Darjany Reporting and editorials fall on both sides of the debate surrounding the Bitcoin, the virtual currency based on a peer-to-peer payment network and ...
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[TD="colspan: 2"] The reverse psychology of Bitcoin | Dizzynomics izakaminska2013 Here's a nice post by Krugman on Bitcoin. As noted on many occasions, I share many of the same concerns. Furthermore, I am yet to hear a ...
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[TD="colspan: 2"] Some brief thoughts on Bitcoin | Credit Writedowns Edward Harrison 2013 has been a breakout year for Bitcoin, the virtual payment system. I haven't written anything on it to date but I have been following the market.
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www.telegraph.co.uk/.../twerking-miley-cyrus-pope-words-of-...

[TD="colspan: 2"] Know your bitcoin from your olinguito, do you? - Telegraph New words may come and go, but which of those we heard for the first time in 2013 are here to stay? [TABLE="width: 100%"]
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[TD="colspan: 2"] I Strip for Bitcoin Elle Confession: When I hear "Bitcoin" mentioned in conversation at work or a party (and it comes up more and more lately) I nod knowingly and quickly ...
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[TD] Bitcoin malware: India among top targets Times of India NEW DELHI: Bitcoin craze is turning into a fertile ground for cyberfraudsters as thousands of computers, including in India, are being infected with ...
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[TD] Bitcoin miners don't have to register with the US government The Verge According to Bitcoin blog CoinText, FinCEN gave the clarification to Atlantic City Bitcoin, a facility that operates hardware for miners in New Jersey.
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[TD] Bitcoin denied status as legal tender by ROC Central Bank China Post TAIPEI, Taiwan -- The Central Bank of the R.O.C. has denied Bitcoin the status of legal tender, officials announced at a press conference yesterday.
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[TD] A Year In Bitcoin: Why We'll Still Care About The Cryptocurrency ... ReadWrite In mid-December 2013, Bitcoin took one of its most dramatic nosedives yet. Following a crackdown on yuan-to-bitcoin deposits in China, the price of ...
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[TD="colspan: 2"] Now bitcoin malwares target personal computers Financial Express IT security firm Trend Micro, a 'bitcoin mining malware' is infecting computers globally leading to increasing threat of cyber security risks for bitcoins ...
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[TD="colspan: 2"] Bubbles, Banks And Bitcoin Forbes This is where Bitcoin comes in. As state-guaranteed money becomes less safe, the private sector is trying to create alternatives. Bitcoin is gaining ...
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[TD="colspan: 2"] Now bitcoin malwares target personal computers Economic Times NEW DELHI: Bitcoin craze is turning into a fertile ground for cyber fraudsters as thousands of computers, including in India, are being infected with ...
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RT - Daily news

[TD="colspan: 2"] The Year of Bitcoin — RT Op-Edge - RT.com RT Last year's nerd money fad has become this year's most talked about product. Ultimately, nature abhors a vacuum and with western political ... [TABLE="width: 100%"]
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[TD="colspan: 2"] How and why Bitcoin will plummet in price - Marginal Revolution Tyler Cowen My post from yesterday was perhaps not specific enough, so let me outline one possible scenario in which the value of Bitcoin (and other ...
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[TD="colspan: 2"] Divining The Underlying Value Of Bitcoin | TechCrunch Alex Wilhelm Business Insider's Joe Wiesenthal today published an interesting piece on Bitcoin, partially responding to Paul Krugman's somewhat inscrutable ...
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[TD="colspan: 2"] The biggest stories of 2013: Console wars, Bitcoin's boom and the ... Engadget staff 2013 was a bust! Or so we've been told. Whether you follow that line of thinking or reflect on the last 363 days in a more optimistic light, it's clear.
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[TD="colspan: 2"] Six Places You Can Pay Bitcoin For Beer - CoinDesk Nermin Hajdarbegovic Fancy spending your bitcoins on a beverage or two? We list six places you can do just that.
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[TD="colspan: 2"] Walter Block Responds to Wenzel Comments on Bitcoin Robert Wenzel I think there are only two issues in political economy where we disagree, this one, bitcoin, and intellectual property. In other words, I have a much ...
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[TD="colspan: 2"] Bitcoin Volatile Elephant in the Room Takes on Gold, Pros vs Cons ... Bitcoin Volatile Elephant in the Room Takes on Gold, Pros vs Cons :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website.
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[TD="colspan: 2"] Bitcoin Moves Into Air and Space Travel | Travel Agent Central Khier Casino Travelers can now pay for flights using digital currency like bitcoin on Lets Fly Cheaper and Virgin Galactic. Find out how companies are using it as an ...
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[TD="colspan: 2"] Bitcoin-Mining Malware Hits APAC Region Hardest - Web Host ... Nicole Henderson Japan, US, Australia, India and France are the top five countries affected by bitcoin-mining malware, according to a new study by security company ...
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[TD="colspan: 2"] Paul Krugman - "Bitcoin is Evil," defends legacy currencies and ... Christian Riley For once, Paul Krugman is right that bitcoin (or as he says "BitCoin" - Krugman usually has trouble with both details and the big picture) is evil.
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allthingsd.com/.../that-giant-bitcoin-crash-in-the-wake-of-chin...

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[TD="colspan: 2"] Paul Krugman Is Wrong: Bitcoin Isn't Evil, But Monetary 'Stimulus' Is ... Private currencies represent protection from the certain robbery that is 'stimulus.'
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[h=1]A Year In Bitcoin: Why We'll Still Care About The Cryptocurrency Even If It Fades[/h]
It's been up, it's been down, but one thing's for sure: it's changed how we think about currency.

In mid-December 2013, Bitcoin took one of its most dramatic nosedives yet. Following a crackdown on yuan-to-bitcoin deposits in China, the price of one bitcoin dropped below as $540, less than half of its all time high in late November, $1,242. (It's since bounced back to around $730.)
Bitcoin's true believers aren't treating its latest gyrations as a cause for panic. It's not the first time Bitcoin crashed hard, and it's not going to be the last. But it's a further reminder, in case you needed one, that Bitcoin is volatile, and what it's supposedly worth today may bear no relation whatsoever to what it'll be worth tomorrow.
It's been a big year for Bitcoin, the unlikely currency that started as a fad for cryptology nuts and ended as a mainstream obsession that had many of us all closely following its rollercoaster highs and lows. But the biggest impact of Bitcoin so far has not nothing to do with its actual value. Rather, the year of Bitcoin we've just been through has fundamentally changed the way we think about money.
[h=2]Growing Legitimacy[/h] In 2013, Bitcoin's hold on the mainstream was undeniable. Even the most Luddite media organizations could no longer ignore the popular cryptocurrency. Each time Bitcoin crashed—first in April; then, after the Feds cracked down on Mt. Gox; and once more, after the Feds closed illicit marketplace Silk Road—it soon came back stronger than ever.
As mainstream coverage grew, an increasing number of small businesses hurried to accept Bitcoin, in part because it requires far lower transactions fees than credit or debit payments. On this year's Bitcoin Black Friday, held the same day as regular Black Friday but with Bitcoin, nearly 300 merchants participated. BitPay, which processes Bitcoin transactions for business, processed more than 6,000 plus transactions in a single day and called it the most popular day in the history of Bitcoin commerce.
On January 1, 2013, the price of a single Bitcoin was $13.51. As the price fluctuated into the thousands over the course of the year, speculation drove the price and coverage into a frenzy.
Stories of Bitcoin millionaires, who'd found forgotten, unspent wallets of the cryptocurrency, only spurred an increasing number of newbies. When I bought Bitcoin in person, my seller told me that the higher Bitcoin's profile, the more beginners enter the community.
"The membership [of the Bitcoin Users' Group] probably has a mathematical correlation between the number of attendees and the price of Bitcoin," he said.
In an age where people fetishize technology and convenience, banks are one of the stodgiest parts of our infrastructure. Bitcoin appealed to people who don't see why we should still wait over the weekend for a bank to process a transaction, or why the government can deny your donation to Wikileaks. At its most successful, Bitcoin changed our global conception of what makes up a currency.
[h=2]Why Bitcoin Can't Do It Alone[/h] However, for all the strides Bitcoin has made forward, 2013 has also shown that world governments can easily squelch the currency's growth.
Proponents of Bitcoin are drawn to the cryptocurrency because it was designed to act outside of any governing body's jurisdiction. Unlike dollars or yuan, which are printed and controlled by governments, bitcoins are mined by their users. And thanks to the blockchain, a ledger of every bitcoin transaction that has ever taken place, there's no mystery about how many there are or where they've been. Bitcoins are private, but they aren't secret.
But, if you're not mining bitcoins yourself, you need to acquire them by exchanging government currency at a Bitcoin exchange such as Mt. Gox, Bitstamp, or BTC China. And when government money is involved, government cooperation is required.
Bitcoin got its biggest wake-up call in mid-December, when the People's Bank of China froze yuan-to-bitcoin deposits to China's largest Bitcoin exchange. The price plummeted.
Bitcoin has every ability to recover if BTC China is able to come to a compromise with the PBOC. Unfortunately, China isn't the only country that has rejected Bitcoin as a currency. Germany, France, Korea, and Thailand have all looked unfavorably on Bitcoin. The European Banking Authority, Switzerland, Poland, and the U.S. are still undecided. Even if Bitcoin isn't in their hands, their decisions on cash-to-bitcoin transfers could affect its future.
The U.S. indecision has already caused difficulty for Bitcoin ATMs and vending machines. While a Robocoin ATM for bitcoins is operating in Canada and a Lamassu bitcoin vending machine is now functional in Finland, neither maker has yet complied with necessary U.S. financial regulations. The companies blame the lengthy regulatory process.
In October, the first U.S. client to buy a Lamassu obtained legal counsel and began the process of registering as a money transmitter, but is still caught up in legal limbo. The Senate's November Bitcoin hearings helped to improve Bitcoin's standing with lawmakers, but still proved only that government regulation is inevitable.
And at its worst, Bitcoin has given lawmakers reasons to question it. According to a 2013 users' survey, 16 percent of Bitcoin spending went toward narcotics and other illegal goods. A Bitcoin assassination market has popped up to target world leaders—so far, fortunately, without any result. (Though you know the Secret Service must be taking a keen interest in that.)
Bitcoin has been accused of being a bubble, but it doesn't exist in one. Outside factors could easily bring it to its knees.
[h=2]The Legacy Of Bitcoin[/h] 2014 may not see the end of Bitcoin, but it will certainly see the end of Bitcoin as we know it.
Soaring valuations have made Bitcoin more of an investment asset than a transactional currency. Why spend your Bitcoin if it's just going to increase in value the next day? And indeed, whether they're being hoarded or lost, a full 64 percent of bitcoins have never been spent.
This just makes crashes like the mid-December one all the more upsetting to investors. Bitcoin has little intrinsic value and is backed chiefly by people's belief in it. If that belief were to falter, investors would be left with nothing.
If you read Satoshi Nakamoto's white paper on Bitcoin, it's apparent that today's inflated bitcoin-as-investment model is never what the anonymous founder(s) intended. Bitcoin was designed to be a peer-to-peer cash system with no third party arbitrator. Bitcoin wasn't designed to be an investment asset, and it won't last as one.
According to Andreas Antonopoulos, founder of cryptocurrency company RootEleven, many of Bitcoin's staunchest supporters believe Bitcoin is in for a change, and that's not a bad thing.
Even if Bitcoin as a currency experiences more crises, he said, the invention of the blockchain—the universally shared record of all Bitcoin transactions—can support future currencies and other applications, forever changing the global culture of money.
"A trans-national currency without borders, without government interference and without political controls is now possible. As more people become aware of this, it changes the relationship between money and the state, money and individuals and eventually between individuals and their government. Bitcoin as an invention will survive even if Bitcoin the first currency fails."
In this reporter's opinion, Bitcoin itself won't last. But the innovations that Bitcoin has brought to our financial transactions—increased privacy, a public ledger, censorship-free cash and freedom from a stodgy third party—are what it will truly be remembered for. Years later, when we're using the latest and most stable digital currency yet, these inventions will still be going strong.
No matter what happens in 2014, Bitcoin has already left its mark. The cryptocurrency is not without its many flaws, but it has brought one major success: our concept of what a currency is has changed forever.
Update at 10:30 EST: an earlier version of this article misquoted Andreas Antonopoulos. The corrected quote is live now.
Photo by Zach Copley

http://readwrite.com/2013/12/30/bitcoin-may-fade-2014-prediction#awesm=~orDadgcMjiDNIu
 
You guys have no real understanding.Will bitcoin go down?The answer is a clear no.The bullshit posts that government will try to limit it is just nonsense.
It was nobody else but the NSA who created bitcoin which was later confirmed by Snowden.Digital currency is the wet dream of bankers and also an economical weapon to push uncontrolled money to china which is basicly the reason why the chinese government stopped the uncontrolled money exchange to protect its currency and domestic market.
If you guys would have a minimal knowledge about real economics you would know that the western establishment is trying to flood china with worthless USD to take over china like they did with russia in the early 90's .Chinese know that and thats the reason for their extrem money flow control system so there wont be any buyout or currency manipulation which isnt planned by the chinese government.

You guys really need to learn to do your homework instead of posting nonsense
 
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[h=1]I Strip for Bitcoin[/h]
Confession: When I hear "Bitcoin" mentioned in conversation at work or a party (and it comes up more and more lately) I nod knowingly and quickly shove food in my mouth in hopes that no one calls me out on my utter ignorance: I have no idea what Bitcoin is. So I took it upon myself to find out. I learned that it's a digital currency, not a tangible thing, that it's independent of government regulation, and that its exchange rate to the US dollar is super-volatile. I also learned that it's accepted in some surprising places, like on Overstock.com and Reddit, the glorified Internet bulletin board, where people are trading the high-tech currency for everything from Swahili language translations to stripping. Yes, stripping.
Here, one Bitcoin stripper tells her story. The 27-year-old, who wished to remain anonymous, shares how she got into swapping pics of "her naughty bits" (to crib a Reddit phrase) for digital currency—a growing-by-the-second trade that relies, largely, on total amateurs like her.
The weird thing is that this all started because I was interested in Bitcoin, not because I was interested in stripping. I discovered Bitcoin about six months ago and wanted to invest some of my own cash in it, but I hesitated. Then one day I was poking around Reddit—I've been going there for years just to consume news and headlines— and I found /r/Jobs4Bitcoins, which is where anyone can post anything from web design services to lawn mowing to even just filming themselves doing something embarrassing, and people will pay them for it with Bitcoin. From there, I stumbled across /r/GirlsGoneBitcoin and had a sort of "aha!" moment.
bitcoin-image-one.jpg

Photo: Reddit
I would never have considered stripping, doing web cam shows, or any other type of sexy photography before that. But when I read the guidelines—I never have to show my face—and realized I could protect my identity, I got kind of into it. I've got a boyfriend, though, and I wanted everything to be above board with him, so I tested the waters there first. When I showed him and he screamed "Let's do it!" I pretended like I was too shy and he had to convince me, but really that wasn't the case. I wanted to do it all along. GirlsGoneBitcoin seemed like a perfect way to get invested in Bitcoin without tying any real currency up, and it seemed kinda fun.
Related: How to Seal the Deal with Online Dating
I've only been verified on GirlsGoneBitcoin for about two weeks—you have to get verified to be able to accept Bitcoin—but in that time I've received probably $400 USD. It's tough to tell looking back since it's in Bitcoin and the exchange rate varies drastically. But it's a lot of money, and I've been saving it all. Every bit.
big-bitcoin-image.jpg

Photo: Reddit
From what I've seen, I'd guess hardly any of the girls on GirlsGoneBitcoin have any sort of stripping or porn background. Just like myself, it seems like college girls who don't quite wanna get up on that pole, but still wanna leverage their assets when it's convenient and safe for them. And it is, mostly, safe and convenient. I haven't had any scary experiences. I think because it's still relatively small, there isn't much of that yet. If it goes more mainstream, then naturally that will come with the territory. Obviously you're worried about someone figuring out who you are in real life, but Reddit does a good job with their verification process, which makes you slow down and take the necessary precautions before jumping in the deep end.
Related: The Sexual Fantasy Lives of Men
Also, Reddit's moderators absolutely help out with policing things. There was one case recently where a group was trying to identify one of the girls, and the admins immediately and permanently banned them all from the site. And beyond that, they don't even allow any type of derogatory comments, even the ones that are meant as compliments but could definitely be worded a little nicer. If they see things like that, they take them down.
bitcoin-large-image.jpg

Photo: Reddit
It's nice knowing that there's someone watching out for our safety and identities, because I do worry about my privacy all the time despite the fact that I never show my face on camera. My boyfriend and I have a young son and neither of us would ever want him to see his mom show up on the Internet in this fashion, so we take lots of precautions. For one, all e-mail correspondence (which is just for sign ups and Bitcoin transactions, never communication with another Reddit user) is done under an alias. My screenname and web cam name on Reddit are obviously fake and tied to my alias e-mail. My age, height, weight, location, etc. are all misleading. Even to the point that when I say, "Hey I'll be on cam at 12pm EST," I'm not even in that time zone!
I also never go on camera without my boyfriend in the same chat room on an alias of his own, which always changes so no one connects the dots. It's important that he's in the loop 100%, both to protect us, but also to keep our relationship transparent.
And in that way, it's actually been fun! My boyfriend and I are enjoying it beyond the money part. We're pretty normal people: We live in a great community, where I go to college full time and my boyfriend has a great career. At home, I'm an excellent mom and neither of us drinks or does any drugs. But whenever we have a little spare time, we jump online and make some Bitcoin. It's a good thing, and it actually has made our already great relationship that much more exciting. I can go online be anyone I want to be. Which, right now, is someone who just organized a deal with a guy who will pay the Bitcoin equivalent $100 USD for a pretty short video where I don't show my face or anything.

http://www.elle.com/news/lifestyle/what-its-like-to-strip-for-bitcoin
 
There are those who make thing happen, those who watch things happen and those who say "What happened?"
While everyone is watching and waiting for an outcome there are others making bank.
Procrastination never made anyone rich.
The rewards come to those who dare.

There will be weeping an wailing and gnashing of teeth when all the Johnny come lately try to get on the wagon
and realise they were too late.:beach2:

And No I don't have a bitcoin for a cup of tea!
should've got your own while they were going.
 
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