Monthly Archives: September 2014

Mike Hearn on the fragility of bitcoin – Video

Posted: September 1, 2014 at 3:46 am


Mike Hearn on the fragility of bitcoin
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Mike Hearn on the fragility of bitcoin - Video

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Bitcoin Summary 083014 (Saturday Edition) – Video

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Bitcoin Summary 083014 (Saturday Edition)
Bitcoin Summary for 083014 (Saturday Edition). Overview of the BTC LTC markets (30m). Key levels, setups and areas of interest examined on BTCe, BTCFinex, BTCOKCoin and LTCFinex. I went a...

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Robocoin ATM Bitcoin – Video

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Robocoin ATM Bitcoin

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Robocoin ATM Bitcoin - Video

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BitCoin Faucet Earning 24/7 – Video

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BitCoin Faucet Earning 24/7
Learn How BitCoin Faucets Work as well as How to Earn 24/7 with BitCoin Faucets.

By: Tim Drake

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BitCoin Faucet Earning 24/7 - Video

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Bitcoin shows staying power

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A customer feeds cash into a Bitcoin ATM in a boutique in New York. Photo by Brendan McDermid, Reuters

NEW YORK - Bitcoin is catching on at U.S. online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.

Though sales paid for in bitcoin so far at vendors interviewed for this article have been a fraction of one percent, they expect that as acceptance grows, the online currency will one day be as ubiquitous as the internet.

"Bitcoin isn't going anywhere; it's here to stay," said Michael Gulmann, vice president of global products at Expedia Inc. in Seattle, the largest online travel agent. "We want to be there from the beginning." Expedia started accepting bitcoin payments for hotel bookings on July 11.

Until recently a niche alternative currency touted by a fervent group of followers, bitcoin has evolved into a software-based payment online system. Bitcoins are stored in a wallet with a unique identification number and companies like Coinbase and Blockchain can hold the currency for the user.

When buying an item from a merchant's website, a customer simply clicks on the bitcoin option and a pop-in window appears where he can type in his wallet ID number.

Still, broad-based adoption of bitcoin is at least five years away because most consumers still prefer to use credit cards, analysts said.

"Bitcoin is a new way of making payments, but it's not solving a problem that's broken," said George Peabody, payments consultant at Glenbrook Partners in Menlo Park, California. "Retail payments aren't broken."

There are also worries about bitcoin's volatility: its price in U.S. dollars changes every day. On Wednesday, bitcoin was up 0.4 percent at $514.09.

That risk is borne by the consumer and the bitcoin payment processor, such as Coinbase or Bitpay, not the retailer. The vendor doesn't hold the bitcoin and is paid in U.S. dollars. As soon as a customer pays in bitcoin, the digital currency goes to the payment processor and the processor immediately pays the merchant, for a fee of less than 1 percent.

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Bitcoin shows staying power

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U.S. Cargo Ship Arrives And Grapples With The International Space Station – Video

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U.S. Cargo Ship Arrives And Grapples With The International Space Station
Carrying more than 3000 pounds of food, supplies, spare parts and experiments, Orbital Sciences Corporation #39;s Cygnus cargo ship arrived at the International Space Station July 16, where it...

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U.S. Cargo Ship Arrives And Grapples With The International Space Station - Video

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Space Station Live: Training Underground and Underwater for Space Missions – Video

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Space Station Live: Training Underground and Underwater for Space Missions
Space Station Live commentator Dan Huot interviews NASA astronaut Randy Bresnik, NEEMO 19 Commander. This interview aired during Space Station Live on August...

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Space Station Live: Training Underground and Underwater for Space Missions - Video

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James and Alex’s Interview! A tour of the Space Station! With: Eclipx – Video

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James and Alex #39;s Interview! A tour of the Space Station! With: Eclipx
A tour of the space station from each point of view!

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James and Alex's Interview! A tour of the Space Station! With: Eclipx - Video

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UFO at ISS. NASA finally see it and cut. – Video

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UFO at ISS. NASA finally see it and cut.
Saucer Shape at Space Station. August 29, 2014. Best in HD. Must have been on their Coffee Break. Streetcap1 is on Facebook - http://www.facebook.com/pages/Streetcap1/235282436499538 Streetcap1...

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UFO at ISS. NASA finally see it and cut. - Video

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StarMade: SURVIVAL | "A New… Hope? Planetary Survival" | S2E1 – Video

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StarMade: SURVIVAL | "A New... Hope? Planetary Survival" | S2E1
We start second season on the surface of a familiar-style planet. StarMade is an open-universe space simulation sandbox game inspired by Minecraft and created by Schema. Explore space generated...

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StarMade: SURVIVAL | "A New... Hope? Planetary Survival" | S2E1 - Video

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