Useful but scarce
Economists and journalists often get caught up in this question: Why does Bitcoin have value? And the answer is very easy. Because it is useful and scarce.” Erik Voorhees
844BankBTC vs Bitcoin ATMs
We like to think we are a better choice than a Bitcoin ATM (often called a BTM). Here is why. Fees from 6%-20% Hours from 8am to 8pm Small trades with no ID, no limits with proper ID We meet you in person We can help answer questions and walk you through the process If […]
Bitcoin is Brilliant
“When I first heard about Bitcoin, I thought it was impossible. How can you have a purely digital currency? Can’t I just copy your hard drive and have your bitcoins? I didn’t understand how that could be done, and then I looked into it and it was brilliant” Jeff Garzik, well known programmer and futurist
Professor Bitcoin!
“I think the internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing but that will soon be developed, is a reliable e-cash.” Professor Milton Friedman, Nobel Prize in economics
Bitcoin for the Homeless
Hey, obviously this is a very interesting time to be in Bitcoin center now, but if you guys want to argue over whether this is reality or not, one Bitcoin will feed over 40 homeless people in Pensacola center now. If you guys want proof Bitcoin is real, send them to me, I’ll cash them […]
What Gives Bitcoin Its Value?
“As the value goes up, heads start to swivel and skeptics begin to soften. Starting a new currency is easy, anyone can do it. The trick is getting people to accept it, because it is their use that gives the “money” value.” Adam B Levine
Bitcoin Enabler
“Bitcoin enables certain uses that are very unique. I think it offers possibilities that no other currency allows.” Pieter Wuille
The race to save bitcoin encryption – hype or real threat?
First of all we need to explain how important encryption is. Encryption is what makes communicating between electronic devices possible. Without it, emails, web pages, the bank app on your phone would all cease to exist as we know it. A recent Wall Street Journal article discusses how scientists are creating computers that are so […]
Localbitcoins admits to ending local ads
As we mentioned a few days ago Localbitcoins deleted all cash local trades without warning or explanation. This morning Localbitcoins ended their silence about the deletion of local cash bitcoin trading ads. We want to point out that Localbitcoins did not respond to any attempts to contact them. It took Localbitcoins 3 days to issue […]