Category Archives: Bitcoin

Free Bitcoin Free 777 Bitcoin Making money fast !PAID!
Earn Free Bitcoins Everyday! 777 BTC http://cur.lv/d8ctu 250 SATOSHI/HOUR http://cur.lv/d8cvg 0.01 BTC - JACKPOT/ 30 MINUTE! http://cur.lv/d9bu3 200 SATOSHI/HOUR http://cur.lv/d9bu3...

By: GORDOS FERENC

See the original post here:
Free Bitcoin Free 777 Bitcoin Making money fast !PAID! - Video

BitSmart Bitcoin Hardware Wallet - Proof of Concept
BitSmart Wallet is a Bitcoin Hardware wallet that is secure and easy to use, even for non-technical users. BitSmart Wallet keeps your private keys secure via cold-storage practices while still...

By: Ronald Bell

Read more here:
BitSmart Bitcoin Hardware Wallet - Proof of Concept - Video

BITNEWS ON THE GO! Bitcoin is trending on Reddit! Why? The Daily Show Tweet, 711 in Mexico PayPal
BITNEWS ON THE GO! Bitcoin is trending on Reddit! Why? The Daily Show #39;s John Stewart Tweeted About Bitcoin, All 7 Elevens in Mexico Announced They Accept Bitcoin Today PayPal #39;s People Economy...

By: Follow The Coin

Here is the original post:
BITNEWS ON THE GO! Bitcoin is trending on Reddit! Why? The Daily Show Tweet, 711 in Mexico & PayPal - Video

Bitcoin Update 09-13-2014
Please subscribe to my Channel: https://www.youtube.com/channel/UCp2H5Nwn6ry402F2pofZWXg Facebook: https://www.facebook.com/pages/Mrcluster87/152185951511384 MrCluster 87 Blog: http://www.mrclust...

By: MrCluster87

Read more here:
Bitcoin Update 09-13-2014 - Video

BitCoin Meetup at BuzzBrews Kryptoz Event Sept 09 2014
The Dallas BitCoin user group met at BuzzBrews Kitchen in Deep Ellum on Tuesday, September 9th, 2014 to participate in the "North American BitCoin Car Giveaway Tour 2014". A media company...

By: Neal Walters

Here is the original post:
BitCoin Meetup at BuzzBrews Kryptoz Event Sept 09 2014 - Video

News Talk - Let #39;s Talk Bitcoin Episode 144
http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-144-news-talk.

By: Let #39;s Talk Bitcoin!

Continue reading here:
News Talk - Let's Talk Bitcoin Episode 144 - Video

United Way Accepts Bitcoin -- Russia to Ban Bitcoin -- Walmart BestBuy say No to Apple
sponsored by http://MtPig.com -- bitcoin prices and more! Join the MadBitcoins Patreon for behind the scenes content! http://patreon.com/madbitcoins September 15th, 2014 -- Paris, France...

By: MadBitcoins

Read the original here:
United Way Accepts Bitcoin -- Russia to Ban Bitcoin -- Walmart & BestBuy say No to Apple - Video

TDV: Jeff Berwick on the Crypto Show on The Savior of Humanity: Bitcoin
Topics include: Bitcoin, economic collapse, gold and silver, dollar collapse, Bitcoin as a speculation, Bitcoin undermining banks, getting assets outside the dollar system, madness of the federal...

By: TheDollarVigilante

See the original post:
TDV: Jeff Berwick on the Crypto Show on The Savior of Humanity: Bitcoin - Video

Bitcoin Filter Episode 20: "BITCOIN BABY STEPS"
BITCOIN FILTER meets every Tuesday Night, 6PM to 7PM It used to be magic Internet money. Now it #39;s being adopted by PayPal. What is going with Bitcoin and the emerging digital economy....

By: consensus Reality.io

See the rest here:
Bitcoin Filter Episode 20: "BITCOIN BABY STEPS" - Video

The pseudonymous nature of bitcoin is an oft-debated characteristic of the technology and it brings up a host of opinions, some of which are valid and others, not so much. Although I believe that bitcoin is a better payment system than current conventional systems, its futile to argue that pseudonymous (or anonymous) financial transactions over the network are a problem or a benefit of bitcoin itself.

The real question that needs to be asked is: should those that participate in the bitcoin network adhere to the same personal identification standards (commonly referred to as KYC or Know Your Customer) as those that are set for conventional payment systems? And if so, why?

There are many who strongly support the idea that, as citizens of free and democratic countries, we have basic personal rights to financial privacy, including financial transactions. This is a nice idea and there are several valid business reasons that support this concept. That said, we have to take into consideration the reality of how our government agencies operate.

But before I turn to that, its important to note that in order to setup a conventional bank account regardless of whether its a personal or business account we must all provide detailed personal information to our bankers. What most of us do not correlate is that a bank account also enables us to participate in and transact using fiat currencies and conventional payment systems such as Visa, MasterCard, Interac, etc. I dont think anyone would argue with me over this.

So back to our government agencies: across the developed world, governments have chosen to track financial transactions as a primary method of combatting illicit business activity. This mandate gained momentum with the U.S. war on drugs and has been bolstered considerably by the perceived war on terror. The reality is that this is a directive that our elected governments have chosen to enforce so we all must be aware of it and take it into consideration.

As a result of this strategy, government-based banking and financial services regulators have put stringent rules in place that require banks, financial service providers and similar to track and report, if necessary, on our financial transactions. Because our personal information is provided to the banks at the time of opening a bank account, our personal information is also passed on to government agencies, if required.

Regardless of their reasoning or the validity of their directives, governments use conventional banking and payment networks to monitor commerce across the globe for perceived illicit activity. The information they collect holds a tremendous amount of value and they have built significant infrastructure around it.

Now along comes bitcoin, which operates independent of conventional banking networks and it is a decentralized global network. No central authority has control over the bitcoin network. This is a major benefit of the bitcoin network, but its innovative structure is a cause for concern for government agencies. They do not and cannot control the bitcoin network so they cannot track financial transactions and therefore cannot use their conventional methods to track perceived illicit activity.

Banking regulators have sent messages to banks suggesting that they avoid doing business with individuals or companies involved in bitcoin. They have often used the rational that bitcoin is too risky as a speculative investment as the reasoning for their warning. This is a fair warning, but I suspect that the explanation above is the primary reason they have asked the banks to step back from bitcoin.

Banks can still choose to work with those associated with bitcoin, and were seeing some forward-thinking banks doing just that. Its my view that bitcoin has already passed the point of critical mass and Id be very surprised if it does not continue to proliferate. However, its quite uncommon for a bank to go against the suggestion of their regulator. The government regulators hold a lot of power over the banks and getting on the wrong side of them can make for a miserable time. Its therefore understandable that banks are cautious and most of them have done exactly what the regulators have recommended in regards to bitcoin.

View original post here:
Bitcoin isnt risky when you know your customers