Daily Archives: December 25, 2014

BITCOIN EVERY DAY LIFE TIME
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By: CHRISTIAN TEDESCO

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BITCOIN EVERY DAY LIFE TIME - Video

Living on Bitcoin - Paid my rent and phone bill!
I was a little skeptical that I would be able to pay these two bills, but was pleasantly surprised everything worked out!

By: BennyP

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Living on Bitcoin - Paid my rent and phone bill! - Video

CoinSummit London 2014 Bitcoin in China
CoinSummit London 2014. Bitcoin in China. Excellent video! Learn more about Bitcoin @ http://bitcointion.org http://thehottestdealsonline.com http://www.yahoo.com.

By: BITCOINATION

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CoinSummit London 2014 Bitcoin in China - Video

Automatically solving the captchas for Bitcoin faucets
Rucaptcha service: http://adf.ly/vSCyT Translate the site with google chrome! Fill your account bill in Rucaptcha with any credit or debit card (master/visa) Look for my other videos about...

By: Deivid Diagonally

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Automatically solving the captchas for Bitcoin faucets - Video

What does the Bitcoin Bowl mean for Bitcoin?
What is the Bitcoin bowl, and what does it mean for the cryptocurrency movement? Who #39;s taking interest in this protocol, and where do we go from here? In this short video, shot in east Oakland...

By: Chris DeRose

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What does the Bitcoin Bowl mean for Bitcoin? - Video

Bitcoin has been voted the worst currency in 2014, following a year of downward fluctuations in the still young open cryptocurrency market.

Bloomberg makes the claim, highlighting that Bitcoin did even worsethan the Russian Ruble andUkrainian Hryvnia.

relentless promotion cant hide these facts: The digital currency peaked at a value of $1,130 just over a year ago. Its plunge of more than 56 percent in 2014 makes it the worlds worst performing currency this year Bloombergs Mark Gilbert argues.

Joining the rush of bear predictions, Gilbert says that at a current value of about $326, Bitcoin isnt dead, yet it may be mortally wounded.

There is no argument that the valuation of Bitcoin has plummeted in 2014, but Gilbert seemingly ignores the reasons as to why, and the overall investment in the market that not onlyforetells of better days ahead, but a remarkably popular investment during the year.

The stand out story of the year was the effective ban of Bitcoin in China. The rot started in February, when the Peoples Bank of China banned third-party payment processors from funding Bitcoin exchanges in the country.

Just hours after theannouncement, the price of Bitcoin plungedto $520 following a high of $896 in late January.

Despite the downward trend, investment in the sector surged forward in 2014. There is a sound argument that venture capitalists can make dud investments, but theres billions of dollars invested in the sector that would suggest that going forward theres a strong and sound future for Bitcoin.

You can fairly say that the valuation of Bitcoin dropped precipitously, but to suggest its the worst performing currency overall is another matter; is anyone investing venture capital in UkrainianHryvnias?

2014 will be noted as the year that Bitcoin seriously entered the mainstream of the investment community, and started to emerge as a serious player in consumer transactions.

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Bitcoin voted worst currency in 2014

You can now pick up some bitcoin with that bottle of soda and bag of chips at the store down the street.

LibertyX, a company that originally made and operated bitcoin vending kiosks, has expanded to let any store sell bitcoin for cash at the register, just like anything else they have in stock.

You hand over cash, you get a code, said Kyle Powers, co-founder of LibertyX, formerly known as Liberty Teller. A cashier gives the customer a pin number, which can be redeemed for bitcoin. LibertyX is working with 2,500 stores, mostly local businesses including convenience and computer stores, across the country in the obvious places Cambridge and San Francisco and some less obvious, such as Lowell and Missoula, Mont.

The move away from dedicated ATMs that sell bitcoin came from overwhelming demand, Powers said.

We had people driving for hours, Powers said. The whole thing was to reach areas that we couldnt otherwise.

The ATMs are still operational, including the one at South Station.

Were doing the same thing (as the ATMs), just cheaper, faster, more convenient, Powers said.

To help LibertyX expand, the company has raised a little more than $400,000 in private investment. Project 11, the venture capital firm headed by Katie Rae, Reed Sturtevant and Bob Mason, formerly of TechStars Boston, led the investment.

Powers said much has been made of bitcoins ups and downs, but he continues to have faith in the online currency.

Bitcoin is like gold, except the market is a thousand times younger he said. What were doing is a fundamental, foundational piece of the bitcoin ecosystem.

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Bitcoin now available at local stores