Meet a New Bitcoin Wallet for the Streets

Meet a New Bitcoin Wallet for the Streets

Of all the Bitcoin regulations we might have loved or hated, one thing was pretty common - the government's lust for customers' private transaction details. In 2013, celebrated technologists and privacy activists - Cody Wilson and Amir Taaki - took such "legal" interventions seriously and decided to bring financial privacy for international citizens. Their liberal mindsets spoke of methods that could protect internet users from authoritarian administrations, something that gave birth to an idea, which we now know as the Dark Wallet. The underground Bitcoin vault, launched in 2014, ensured....


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Bitcoin’s Secret Function: Dollar Cost Averaging (Op-Ed)

Most people have no idea what their average cost per coin is and without knowing your cost, how can you make educated financial decisions? That's like running a business without knowing how much you paid for the products that you sell. Normal everyday people around the world will not realize Bitcoin’s potential until this function becomes a seamless wallet feature and as common as deterministic wallets are now. "Buy when there is blood in the streets, even if the blood is your own." This is an old saying that relates to trading stocks but it also holds true for a number of commodities that....

Dutch Streets Adopt Cryptocurrency, Become 'Bitcoin Boulevard'

It is the home of the Dutch royals, international war tribunals and, seasonally, to masses of photo-taking tourists, but the Hague in the Netherlands will soon be a hotspot for bitcoin enthusiasts, too. At 17:57 on 20th March - the precise start of spring in the Netherlands - all of the businesses along two canal-side streets in the city centre will start to accept bitcoin. In all, nine restaurants and one art gallery will take part in the scheme. Unofficially the two streets running along the canal - Bierkade and Groenewegje - will also change their name to 'Bitcoin Boulevard'. Hard sell.....

Gallery: Melbourne Celebrates Chinese New Year With Bitcoin Giveaway

The Melbourne Bitcoin Technology Centre (MBTC) has partnered with the Bitcoin Group to give away the digital currency in Melbourne's Chinatown precinct. The "lucky money" envelopes containing a bitcoin paper wallet were handed out to passers by and merchants to mark the Chinese New Year. Pantelis Roussakis, communications manager at MBTC, said: "During the Chinese New Year celebrations people wear red clothes, exchange decorative poems on red paper and give out 'lucky money' in red envelopes. Today amidst the New Year festivities in Melbourne's bustling Chinatown, we hit the streets,....

Up for Grabs: Hidden Bitcoin Treasures in Streets of Barcelona

Christmas is here and it certainly feels that way. In alignment with the spirit of giving, two Bitcoiners originating from Barcelona decided to gift virtual coins to the citizens of the famous city. But watch out! These guys created a challenge to be overcome by the people willing to achieve the valuable prize. The challenge consists of finding a total amount of 25 paper wallets spread across several iconic or emblematic locations in Barcelona. These wallets contain rewards ranging from 0 BTC to 0.1 BTC. Possibly, more than one reader has gone in search of the hidden treasure as they....

World's First Bitcoin ATM, Robocoin, Hits the Streets Next Week

Courtesy: blog.robocoinkiosk.com. There's long been talk of the inevitable inception of Bitcoin ATMs sprinkled around, but a trio originally from British Columbia is bringing the Robocoin ATM to market and flipping the "on" switch Tuesday outside of a downtown Vancouver coffee place. The way it works is fairly straight-forward. Users can insert up to $3,000CAD (or about $2,900USD) per day into the machine and get it converted to Bitcoin after scanning your palm (the palm scan ensures you do not exceed the daily limit of Bitcoin conversion). Robocoin makes the equivalent trade on Canada's....

Quotes

The single most dangerous facilitator of crime in the world is cash. There are far more illegal transactions for cash every day than there are for Bitcoin. Any government bleating that we have to stop this Bitcoin thing because it will be used by criminals to buy drugs and guns, whatever, had better think sharply about getting rid of cash first. Bitcoin is much more traceable than cash.If I go and knock over an old lady in the street and steal her cash from her wallet and give it to various people there is no trail of those transactions.

Paul Davis, Managing director of Counting House (I0M) Ltd