29 Sep '15, 8pm

The Troubles of Bitcoin’s PayPal Show Why the Cryptocurrency Is Not a Good Payment Mechanism

In 2014, a Bitcoin startup called BitPay raised $30 million from investors and was dubbed the “PayPal of Bitcoin” for helping companies such as Microsoft accept payments in the digital currency. But 2015 has been less kind. Last week BitPay made significant layoffs , and earlier in the month it admitted to having $1.8 million in Bitcoins stolen. The company’s travails neatly demonstrate two problems with Bitcoin as a currency and payment mechanism. First, no one much wants to pay with Bitcoin and there’s not currently good reason to think that will change. BitPay’s business model was to help merchants take Bitcoin payments—often converting them directly into dollars—and take a cut of transactions. The company has enabled Microsoft, retailer Newegg, and many other companies accept Bitcoin payments. Unfortunately for BitPay, just about no one gets paid in bitcoins, and for m...

Full article: http://www.technologyreview.com/view/541901/the-troubles-...

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Mexico's Payment Restrictions Now Cover Bitcoin

Mexico's Payment Restrictions Now Cover Bitcoin

coindesk.com 29 Sep '15, 10am

Mexico's Secretariat of Finance and Public Credit (SHCP) has clarified its stance on bitcoin, deeming it a means of paymen...

PesetaCoin: The Spanish Cryptocurrency - Bitcoin Magazine

PesetaCoin: The Spanish Cryptocurrency - Bitcoi...

bitcoinmagazine.com 29 Sep '15, 10am

Disclaimer: The author of this interview owns a few PesetaCoins. Many of us saw this coming: local cryptocurrencies. Follo...

Is Bitcoin a Payment Method or a Currency? Bitcoin

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newsbtc.com 02 Oct '15, 8pm

Bitcoin was launched in 2009 by Satoshi Nakamoto , an anonymous developer. What makes bitcoin so unique is that it is comp...

October 2013 Crypto-Currency Conference Preview - Bitcoin Magazine

October 2013 Crypto-Currency Conference Preview...

bitcoinmagazine.com 29 Sep '15, 10am

On October 4 through 5, Atlanta, Georgia will host the 2013 Crypto-currency Conference: Bitcoin and the Future of Money . ...

"Bitcoin is what PayPal was supposed to be." - ...

reddit.com 03 Oct '15, 5pm

We're definitely onto something big. The need PayPal answers is monumental. Everyone in the world needs money – to get pai...

Bitcoin’s Database Now Powers Monegraph, A Digital Art Marketplace: If digital artwork is infinitely reproducible…

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observer.com 30 Sep '15, 1pm

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Money20/20 In Las Vegas Oct. 25-28: Global Paym...

cryptocoinsnews.com 29 Sep '15, 7am

233 SHARES Twitter Linkedin Facebook Pinterest Google Reddit Bitcoin and digital currency will take center stage at Money2...

Virtex Launching International Cryptocurrency E...

bitcoinmagazine.com 29 Sep '15, 10am

Virtex is soon launching a platform that will allow for the exchange of cryptocurrencies at an international level. The co...

Hot Cryptocurrency Trends: Delegated Proof of S...

bitcoinmagazine.com 28 Sep '15, 6am

This is a guest post by Max Wright Disclaimer: Max Wright owns both Bitcoin and BitSharesX. Wright’s critique of the secur...

.@kerrywashington uses her great style for good:

[email protected] uses her great style for good:

thezoereport.com 30 Sep '15, 6pm

When not fixing DC’s debacles on Scandal , the gorgeous Kerry Washington is apparently hard at work designing handbags. Th...

I'll show you Free How to Win in Bitcoin Casinos

I'll show you Free How to Win in Bitcoin Casinos

bitcoinslotmachine.space 02 Oct '15, 4pm

Register for these Bitcoins Casinos from the following listings and I will show you how to win 85% of the times. 100% Free...

Why Some Might Think Google Is Hostile To The Daily Show

Why Some Might Think Google Is Hostile To The D...

searchengineland.com 30 Sep '15, 1pm

If you ask Google about The Daily Show , the response might look a bit hostile towards the show. As @adamjohnsonNYC pointe...

is your reliable source for instant e-currency ...

pimaxchange.net 30 Sep '15, 9am

Pimaxchange.net is an Reliable & Instant e-currency exchanger, working online and allowing to convert different types of e...

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hackaday.com 06 Oct '15, 8am

[Kerry Wong] took apart a PM2L color analyzer (a piece of photography darkroom gear) and found a photomultiplier tube (PMT...