BitPay CEO Tony Gallippi warns against DIY Bitcoin fails #Bitcoin2013

BitPay CEO Tony Gallippi warns against DIY Bitcoin fails #Bitcoin2013

BitPay CEO Tony Gallippi made a case at Bitcoin 2013 for why the digital currency needs payment networks like his. With services like his, Bitcoin is far more secure and affordable than credit cards, Gallippi argued. "The peer-to-peer payment network that Bitcoin is, it's not really that new, when you look at the three technologies that it brings forward," Gallippi said, referring to the cloud, mobile and open source. "Bitcoin is an accounting ledger in the cloud." The digital currency is much more than that, though, he added. "These are three growing trends in the world today, and Bitcoin....


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How to buy Bitcoin 2013 stuff ... with bitcoins, of course #Bitcoin2013

During the lunch hour at Bitcoin 2013, Tony Rousmaniere of Fairbanks, Alaska, walked up to the BitPay booth and asked to buy a few copies of Bitcoin Magazine. "We only take bitcoin," warned BitPay CEO Tony Gallippi. The transaction's first hurdle had arisen: Rousmaniere keeps his bitcoins on a USB drive, not in an online account that could be easily accessed with his smartphone. He considers going to the ATM being demo'd at the show to change dollars into bitcoins. Instead, a friend offers to pay for the magazine with his Coinbase account, telling Rousmaniere he can pay him back later.....