Forbes' Kashmir Hill on What Bitcoin Must Do to Go Mainstream
Forbes technology and privacy writer Kashmir Hill has become one of the more well-known reporters in the bitcoin community due in part to her viral 'Living on Bitcoin' experiments, extensive series that have chronicled her trials and tribulations using nothing but the digital currency for everyday purchases. Hill originally conducted the experiment in May 2013 and more recently completed "Living on Bitcoin: Part Deux" by popular request, ultimately finding that it has become far easier to conduct purchases without leaving the bitcoin ecosystem. In her concluding entry in the series, Hill....
Related News
Forbes' own Kashmir Hill, who has written extensively about bitcoin, has published an e-book titled Secret Money: Living on Bitcoin in the Real World. Hill has the credentials to write about living on bitcoin, too. Last year, she lived strictly on bitcoin for a week - a challenge, but one that she managed just fine. You can read all about the book here, but what we would like to make a note of is that Kashmir Hill required that the book be sold for bitcoin in addition to legal tender. Not so surprising, is it? The electronic can be had for 0.0048279 BTC (at the time of this writing), or....
Marc Andreessen helped start the Internet revolution when he co-wrote early web browser Mosaic and co-founded Netscape. Now he views bitcoin as the next technological revolution on the scale of the Internet. Andreessen Horowitz, the venture capital firm Andreessen runs with longtime collaborator Ben Horowitz, has invested about $50m in Coinbase and other bitcoin companies, and Andreessen recently vowed to invest hundreds of millions more in the space. Balaji S. Srinivasan is a general partner at Andreessen Horowitz and is a vocal bitcoin proponent. Srinivasan co-founded Counsyl, a genetic....
Yes, bitcoin fans have more places to spend their money every day. But can the currency sustain real, daily life, as opposed to -- say -- someone who's looking for a unique Hogwarts library, reddit gold or the world's smallest solar-powered car? That's what Forbes tech writer Kashmir Hill hopes to find out over the next week. As of May 1, she's embarked upon a seven-day personal experiment to see if she can get by living by bitcoin alone, starting with five purchased with the help of Coinbase. So far, the San Francisco-based Hill has had to walk the two-and-a-half miles from home to work....
In a great piece published by Kashmir Hill of Forbes, it has been noted that Overstock.com has managed to sell about $870k worth of items in bitcoin - amounting to "almost 4,000 orders." Meanwhile, the company's CEO Patrick Byrne has picked up millions of dollars worth of the digital currency, and he intends on keeping it. "I'm holding it like I hold gold. I want a robust safety net as things play out. I've always had misgivings about fiat currencies. Gold was the answer but it doesn't translate as well in the digital age," he said to Forbes. Byrne is seemingly dedicated to the cause now:....
April 15 has come and gone, and now US Bitcoin users who want to stay on the right side of the law have some serious accounting to do. But how is it possible to adapt to the new rules and what does that really involve? One Forbes journalist, Kashmir Hill, recounted her experience of the Bitcoin tax return in an article yesterday. “I let my accountant know it was going to make my taxes more ‘interesting’ this year,” she writes, “…The IRS guidance isn’t actually that complicated, but the record-keeping it makes necessary is”. The IRS now requires Bitcoin to be treated like property, meaning....