Behind Bitcoin’s Big Mac Index: Radoslav Albrecht on Cryptofinance
When quoting the price of one bitcoin, does it pay to use the globally-recognized Big Mac in place of region-specific fiats? Radoslav Albrecht, founder of the peer-to-peer lending service Bitbond, is betting in the affirmative. Radoslav’s company has sponsored the launch of the BitcoinPPI, a new index and API, which tracks the second-to-second price of a....
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Wereported two weeks ago on Berlin-based startup Bitbond and how that company had just secured a round of funding worth 200 thousand euro. Earlier this week, we had a chance to speak with Radoslav Albrecht, Bitbond’s founder and CEO. CoinTelegraph: Tell us about how your first got involved with Bitcoin. Radoslav Albrecht: A friend of mine who knew that I’m deeply engaged with financial services told me that there is this new digital currency called Bitcoin and that I should have a look at it. I eventually did, and after I spent some time reading about it I thought that it’s got great....
Peer-to-peer bitcoin lending company Bitbond has closed a €600,000 angel investment round, raising its total funding to €800,000. The company, which launched in June 2013, received funds from its seed investor, Point Nine Capital and business angels, including Christian Vollmann, an early investor in ResearchGate. Radoslav Albrecht, founder and CEO at BitBond, said:
As a part of a university project in 2012, student Max Albrecht designed a cryptocurrency vending machine that converted €1 coins into bitcoin. This low-tech version of a bitcoin ATM was built with a modest budget of €150 (around $200 at today's prices). Furthermore, it was created not as part of a tech, business or computing course, but as an art installation. To create his ATM, Albrecht bought a second-hand vending machine that cost him roughly €80 ($110). He printed out both private keys and links to individual online wallets, put the paper slips in small cardboard boxes, and put those....
Editor's note: This guest post was written by Radoslav Albrecht, co-founder of peer-to-peer bitcoin lending platform Bitbond.net. He has a background in economics, worked at an investment bank in London, and runs the German bitcoin blog bitcoins21. The bitcoin price is probably the most discussed aspect about bitcoin. But only few discussions try to derive a quantified long-term price potential. Do not mistake potential for prediction. As Yogi Berra said: "It is tough to make predictions, especially about the future." Nobody is capable of accurate prediction. The price potential rather....
In a post published Tuesday on the Bitcoin Foundation blog, Affiliates Director at the Foundation Mark Woods today welcomed the Foundation's newest affiliates from Germany and The Netherlands. The first is Bundesverband Bitcoin (Germany) and Stichting Bitcoin Nederland (quite obviously, The Netherlands). "Home to some of the most active bitcoin communities, both Germany and the Netherlands have entire streets of local businesses that prefer to accept bitcoin. The town of Kreuzberg in Berlin made headlines in 2013 and a street in the Hague in the Netherlands has been dubbed 'Bitcoin....