Fed: Bitcoin Could Reduce Online Shopping Costs — Republican State Party — Isle of Man – Video

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Fed: Bitcoin Could Reduce Online Shopping Costs -- Republican State Party -- Isle of Man
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Fed: Bitcoin Could Reduce Online Shopping Costs -- Republican State Party -- Isle of Man - Video

Bitcoin: More Than Just Money | Dug Campbell | TEDxUniversityofEdinburgh – Video

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Bitcoin: More Than Just Money | Dug Campbell | TEDxUniversityofEdinburgh
This talk was given at a local TEDx event, produced independently of the TED Conferences. Dug Campbell explains why Bitcoin is not just the money of the Internet, but it #39;s the Internet of...

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Bitcoin: More Than Just Money | Dug Campbell | TEDxUniversityofEdinburgh - Video

Bitcoin Debit Card Australia — Will Bitcoin Bounce? — MJ Dispensary Canada Accepts Bitcoin – Video

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Bitcoin Debit Card Australia -- Will Bitcoin Bounce? -- MJ Dispensary Canada Accepts Bitcoin
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Bitcoin Debit Card Australia -- Will Bitcoin Bounce? -- MJ Dispensary Canada Accepts Bitcoin - Video

Bitcoin gets an industry-backed advocacy group

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The cryptocurrency Bitcoin -- and the technologies around it -- has a newly organized group of advocates behind it, headed by someone with deep experience in translating technologies for political consumption.

Jerry Brito, a law professor who was until recently the head of the technology policy program at George Mason's Mercatus Center, announced in August that he was leaving for "a new adventure." On Thursday, Brito announced that he will be heading an organization called Coin Center, what he describes as a "new non-profit research and advocacy center focused on the public policy issues facing cryptocurrency technologies."

"Our mission is to build a better understanding of these technologies and to promote a regulatory climate that preserves maximum freedom of action for digital currency innovation," Brito writes in the shop's founding letter. "We will do this by producing and publishing policy research from respected academics and experts, educating policymakers and the media about block chain technology, and by engaging in advocacy for sound public policy."

Coin Center will, according to Brito, have an annual budget of more than $1 million, with contributions from venture capitalists like Andreessen Horowitz, Union Square Ventures, and RRE Ventures and bitcoin-tied firms like BitPay, Coinbase, and Xapo. Board members will include innovator and entrepreneur Marc Andreessen, Andreessen Horowitz partner Balaji Srinivasan, bitcoin developer Jeff Garzik, Hudson River Trading partner Alex Morcos, and Stanford business professor Susan Athey.

The group is a little bit Electronic Frontier Foundation -- founded in 1990 and dedicated to "defending your rights in the digital world" -- and a little bit P2P Ride-Share coalition, the group that popped up in February to help companies like Lyft in the regulatory fights they're waging in cities across the country.

In fact, disruptive technologies, to borrow a Silicon Valley phrase, are increasingly running into federal, state, and local legal battles, as we've seen with companies like Uber and Airbnb. It's becoming fairly common for tech start-ups in even their earliest phases to hire a public policy expert as one of their first half-dozen employees. Bitcoin might be a bit unusual for being a fairly amorphous technology that is getting its very own advocacy center before, arguably, going all that mainstream.

That's not to say that it's off the radar of regulators. In August, for example, the Consumer Financial Protection Bureau warned of Bitcoin that "at this point consumers are stepping into the Wild West when they engage in the market." But there are no doubt plenty more regulatory battles that will be had, and with the Coin Center bitcoin's backers are attempting to get ahead of them.

Nancy Scola is a reporter who covers the intersections of technology and public policy, politics, and governance.

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Bitcoin gets an industry-backed advocacy group

Bitcoin Jesus Offers Bounties to Hunt Down Hackers and Thieves

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Roger Ver is so well known for his role in the rise of the worlds most popular digital currency that some people call him The Bitcoin Jesus. That makes him a prime target for hackers. Theyve stolen his money, and theyve broken into his email account. But the Bitcoin Jesus is becoming the Bitcoin Vigilante.

I am tired of seeing real criminals, with lots of victims being ignored, while traditional law enforcement is busy going after perpetrators of victimless crimes such as those involved in the Silk Road Marketplace, Ver says.

In 2012, someone hacked the online currency exchange Bitcoinica, stealing tens of thousands of bitcoins Ver had stored there. And in May, someone broke into his old Hotmail account, using it to steal sensitive information. Then things came to a head last week, when someone infiltrated an email account belonging to another big bitcoin name: Satoshi Nakamoto, the mysterious founder of the digital currency. Ver thinks it was the same hacker who busted into his Hotmail account.

After all this, hes fed up with hackersand a little mystified too. The part that annoys me the most is that all of them are plenty smart enough to find honest work, he says. Last spring, he placed a bitcoin bounty on his Hotmail hacker. And now, hes crowdsourcing the idea, so others can offer similar bounties when theyre victimized. He just launched a website called Bitcoin Bounty Hunter that pays for information leading to the conviction of the perps behind several prominent bitcoin hacks.

The project is yet another example of the technology behind bitcoin remaking far more than currency and online payments.

The site takes advantage of bitcoins ability to move money around the internet privately, and Ver says it could be used to let anyone anonymously create, contribute to, or collect a bounty. Naturally, bounties are paid in bitcoin.

Hes currently the guy who controls the money and decides when a bounty will be paid, but he says the project is a work in progress. Eventually, he wants to use an advanced digital currency programming technique called a smart contract to allow bounties to be paid out automatically. The project is yet another example of the technology behind bitcoin remaking far more than currency and online payments. Its also reinventing everything from smart contracts to secure chat clients.

The site lets anyone post an anonymous bounty anytime theres a crime with a victim, Ver says. To collect your bounty, you must assemble a dossier of evidence, get it digitally notarized using a nifty bitcoin blockchain hack called Proof of Existence, and forward it to law enforcement. Then you waitpossibly a very long time. Vers website pays bounties only upon conviction. Its like a digital Crimestoppers that way.

Right now, the site offers 37.6 bitcoinsmore than $17,000for information leading to the conviction of whomever took over his and Satoshis email accounts (if thats indeed what happened). Separately, Ver is setting up separate bounties for information leading to the conviction of the criminals who stole hundreds of thousands of bitcoins from the Japanese bitcoin exchange Mt. Gox and for the hackers who stole money from Bitcoinica. Ver lost 25,000 bitcoins in that hack. Ver will seed the Mt. Gox and Bitcoinica bounties with 2 BTC each, but he expects that to grow as word of his effort gets out.

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Bitcoin moves towards mainstream with eftpos cards

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A trial of the first eftpos cards linked to bitcoin accounts will be done with about 100 people over the next couple of weeks, and then they will be made available generally.

Melbourne-based bitcoin exchange Coinjar is hoping to nudge the digital currency into the mainstream next month with the offer of the first eftpos card in Australia linked to a bitcoin account.

Coinjar co-founder Asher Tan said many of its customers had bought bitcoin as an investment and there was a growing number of companies that accepted it, but they were keen to use it for everyday transactions.

"Many people who have bought Bitcoin ask 'where do I spend it?'," he said. "This means anywhere that accepts eftpos accepts bitcoin now."

A trial of the cards will be done with about 100 people who already have bitcoin accounts over the next couple of weeks, and then they will be made available generally.

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Coinjar, which has about 30,000 users and has so far processed about $50 million, makes its money by charging a 2 per cent transaction fee on exchanging bitcoin into standard currency and vice versa.

The exchange into Australian dollars will occur when Coinjar account holders load their cards from their bitcoin account rather than when they buy products with the card.

Asked why people would want to use bitcoin rather than standard currency, Mr Tan said it would expose more people to the benefits of a currency that can be instantly transferred and used outside the traditional payments network, with no cost apart from Coinjar's own fee.

"It is a first step, but it does open up a lot of opportunities," he said. "You could receive say $500 worth of bitcoin value from overseas for say an online job, like graphic design for [an overseas client] then you could be off spending your money in a matter of minutes."

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Bitcoin moves towards mainstream with eftpos cards

Bitcoin debit card to bring virtual currency to back pocket

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The first eftpos cards linked to bitcoin accounts will tried over the next couple of weeks.

Bitcoin, the digital currency, is creeping from our computers into people's back pockets.

A Melbourne company unveiled on Thursday the country's first bitcoin debit card, it says allow users to spend the digital currency at eftpos terminals.

A trial of the cards will be done with about 100 people who already have bitcoin accounts over the next couple of weeks, before being made available generally.

Users can pre-load the card with bitcoin, which is converted to Australian dollars.

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The company will exchange bitcoin at a rate based on the day's global aggregate. On Thursday, it was worth about $500.

The currency was invented in 2009 but is still viewed by many as the preserve of technologists and the digital elite.

Reports of black market activities and hacking attacks, including one that fatally wounded the world's biggest exchange, Mt Gox, this year, have also dented bitcoin's reputation.

But Australian entrepreneurs are determined to bring it into the mainstream.

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Bitcoin debit card to bring virtual currency to back pocket

ACT Comets' Vele Dukoski selected for NSW Country

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ACT Comets all-rounder Vele Dukoski. Photo: Rohan Thomson

If ACT Comets gun all-rounder Vele Dukoski needs any inspiration when he walks out to face Australian cricketers Steve Smith and Mitchell Starc, all he has to do is look at his hands.

Dukoski carried so much concrete while labouring on Friday, he could barely move his hands and he knows his selection for NSW Country to take on NSW City in a 50-over game at Penrith on Sunday is an opportunity to stake a claim for a cricket career.

The 24-year-old had a breakout summer last season, not only making his Comets debut, but getting named the Futures League player of the year, as well as picking up the Solway Medal as the Comets best player.

He scored 314 runs at an average of 44.86 and took 14 wickets at just 19.43.

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It led to him earning a spot for Country alongside fellow Canberrans Nathan Lyon and Ryan Carters, as well as former Test bowler Trent Copeland and emerging Aussie quick Josh Hazlewood.

The City team is also packed with talent, including Smith, Starc and Twenty20 internationals Steve O'Keefe and Ben Rohrer.

Dukoski considers it as a massive opportunity to impress NSW and other selectors.

"I can't move my hands ... I think cricket is my way out of work hopefully, that's my life goal to not work, and play sport," he said on Friday.

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ACT Comets' Vele Dukoski selected for NSW Country

Workington Comets No1 eyeing Premier League silverware

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Last updated at 11:14, Friday, 19 September 2014

Comets No1 Josh Grajczonek is aiming to beat the best in the Premier League on Sunday and bring silverware back to Workington.

Josh Grajczonek

The confident Aussie will be racing in the Premier League Riders Championship at Sheffields Owlerton Stadium (5pm start).

The top 16 riders with the highest average points total from each Premier League club will be competing for the trophy.

This will be the second time that Grajczonek has ridden in the championship and he will be hoping for better luck this time round after breaking his ankle two years ago when he rode for Glasgow.

Grajczonek, 24, is gunning for glory but is wary of the strength of this years line-up.

He said: Its a tough old one. There are going to be no easy races. Obviously I want to go there, do well and win it.

You have to keep level-headed because if things dont go well you can get upset. I am going to try to win every race.

I think the whole field is strong and everyone has ridden well at Sheffield this year.

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Workington Comets No1 eyeing Premier League silverware