Daily Archives: December 9, 2014

BITCOIN VS BLACK PEOPLE
Made 4 TV Gecko aka Mr.iPad Chain says more black people should buy "BITCOINS" now! Once the big boys buy in, you missed the boat! PLEASE Tip Me if you can and thanks for watching you all!...

By: Famos Amos

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BITCOIN VS BLACK PEOPLE - Video

Bitcoin (first tecnology)
I composed a theme piece of music of a Bitcoin. please give me a Bitcoin!! Bitcoin:1LCL585n8tRuTMioFiM26EvGp4tzB1yb3u.

By: Hi-A

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Bitcoin (first tecnology) - Video

Bitcoin Documentary: Day 10 Recap (Washington, DC) #theBITmovie
Follow the Journey 30 Days. 40 Cities. All Bitcoin. Follow the journey - http://www.thebitmovie.com http://www.facebook.com/thebitmovie http://www.twitter.com/thebitmovie http://www.instagram.com/thebitmovie ...

By: the BITmovie

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Bitcoin Documentary: Day 10 Recap (Washington, DC) #theBITmovie - Video

Established in 2012, the Bitcoin Foundation has quite a few titles It is a top trade organization, an unofficial organisation to represent the interests of Bitcoin, a Bitcoin lobbying group and one of the worlds leading advocacy groups for the cybercurrency, to name a few. Although not everyone in the Bitcoin community agrees as to what the Foundations role is, there is little doubt that it is one of the most high-profile nonprofit organizations in the space, with some of the most recognizable Bitcoin luminaries serving on the board.

In a move reminiscent of the Bitcoin Foundations original establishment, a man named Ryan Xu has called for the formation of a China-focused bitcoin advocacy group.

Originally posted on Yibite.com, the Chinese bitcoin news website on 8th November, Xus proposal generated a moderate amount of social media comments in its immediate aftermath. Though judging by peoples response, the interest was not strong, such a proposal nonetheless raises questions as to whether China needs its own bitcoin advocacy group, and whether such an organization would be viable in the current regulatory environment.

In his 930-character long proposal for a Bitcoin Development Foundation (BDF), Xu outlines five issues that it seeks to tackle:

1. The China bitcoin Industry is still in an early stage, companies in the space need support; 2. The Chinese bitcoin community lacks solidarity. There needs to be more people who are dedicated to the development of the community; 3. The Chinese bitcoin community has little voice in the mainstream media, which is dominated by negative news and commentary. 4. There was little communication between the Chinese bitcoin community and relevant organizations. Communication with government and businesses needs to be strengthened; 5. The Chinese bitcoin community lacks communication with the rest of the world. It needs to be kept up to date with developments in the international bitcoin community, and learn more from their experience.

Although these general issues are widely acknowledged, there is a lack of consensus as to whether a new Bitcoin Foundation is the answer.

Relationship with Bitcoin Foundation

In an email exchange with Xu on November 26, he introduced himself as Chief Strategy Officer of Bitcoin Group, an Australia-based bitcoin company. Yet he is probably better known in the Chinese Bitcoin community for his alias (Martian), and for being a prolific bitcoin commentator who frequently publishes opinion pieces on the Chinese language bitcoin media.

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Proposal To Form China's First Bitcoin Advocacy Group To Test Government Attitude

Falcon Global Capital closed its bitcoin fund because of slow demand, said co-founder Brett Stapper.

The fund, which began in February, had attracted about 25 clients, who contributed from $25,000 to $10 million each to invest in the virtual currency, Stapper said in an interview. While many more called to inquire about bitcoin, they didnt invest, in part because bitcoins price slipped more than 50 percent this year, according to CoinDesk Bitcoin Price Index.

Falcon refunded the money to its clients in November, and has decided to refocus on consulting about bitcoin and how it works, Stapper said. The company is expanding its team of four staff members to 10 people based in San Diego and New York to advise institutions, corporations and governments, he said.

Everyone is having some difficulties in raising funds, Stapper said.

Bitcoin price index funds are losing their appeal because many consumers can now easily acquire bitcoins directly from websites, and there are also many price index funds competing for clients attention, he said.

A number of bitcoin funds and investment-management firms - - including Falcon, Binary Financial and The Bitcoin Investment Trust -- popped up in the last 1-1/2 years, as bitcoins price rose from about $13 to about $1,000 last year. Tyler Winklevoss and Cameron Winklevoss, co-founders of Winklevoss Capital Management, are working to introduce a bitcoin exchange-traded fund.

The technology is really, really exciting, Stapper said. But, he says, whether or not bitcoin is worth investing in at this point is unclear.

To contact the reporter on this story: Olga Kharif in Portland at okharif@bloomberg.net

To contact the editors responsible for this story: Sarah Rabil at srabil@bloomberg.net James Callan, Andrew Pollack

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Falcon Global Capital Closes Bitcoin Fund Because of Slow Demand

Bitcoin exchangecompany BitreserveInc.,has raised over $8 million and growing through investment crowdfunding platform CrowdCube.

The Charleston, SC.based company headedby CNET founder Hasley Minor offers a Bitcoin currency exchange and payment services.

Thecompany pitches itself asenabling members to escape Bitcoin volatility by holding bitcoin as stable, real-world money, but to still spend their money as Bitcoin.

Bitreserve, similar to competitors BitPay and Coinbase, offersconversion between Bitcoin and currencies including the US dollar. Different to its competitors though is one service it provides, Bitgold, which allows customers to convert their Bitcoin holdings to an electronic gold token, that is secured by actual physical gold in a partnership with Gold Bullion International.

Transparency is also a big part of the push by Bitreserve to stand out from the crowd: it publishes a real timeproof of solvency, enabling anyone at any time to confirm our solvency and ensure that his or her value is safe.

Revenuecomes via the Bitcoin to currency conversion fees,which are charged at 0.45%.

The crowdfunding campaign on British based CrowdCube is seeking to raise GBP 6 million ($9.4m) for a 10.7% stake in the company. At the time of writing the figure stands at5.2 million($8.1m) with 31 days left to run.

The round so far has 68 investors with the largest investment being4,980,204. Investments on CrowdCube can be as little at10 ($15.60) and is open to anyone, with the provision that larger investments can only come from qualified investors.

Bitreserve isnt the first company to raise funds on CrowdCube, but it is the first company in the Bitcoin industry to do so.

Bitreserve previously raised $5 million on a $45 million valuation in March 2014.

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Bitreserve raises $8m+ Series B via crowd funding