Bitcoin 2014 Conference Kicks Off Today NewsBTC

Bitcoin may not have as high TpS as Visa, but at least with bitcoin i’ll never have to worry about this

I originally wrote this a month ago but decided not to post it. After being denied twice since, I have decided that I should post it.
Today my card was blocked in France while trying to top up credit on my phone. I was given three questions, answered each of them correctly (where i’ve lived in boulder, where my brother lives, how old my mom is) and yet I was still blocked. I was also told by my bank that there’s nothing they can do about this, it’s between visa and the merchant, so as long as I try to use visa I will always run into this problem. At any point my card can be blocked because they ask questions that cannot be answered correctly, or even when answered correctly it will still be blocked.
original post
Backstory: I lived in Thailand and had plans to go to a conference in Ho Chi Minh, Vietnam. Today I used my bank card to purchase one of the few things in life that I can’t with BTC, a visa for Vietnam. However, when going through processing I was asked three verification questions:
Not sure of the exact wording used, but it was basically how did you come to own/how did you buy/etc.. Unfortunately for me I’ve never seen that address in my life, i have no idea where it comes from as I’ve only ever lived at two residences in America, both of which I know the address to. There was option for this is not applicable to me which i chose.
My mom’s last name isn’t tackett though, so I don’t know why they’re using that name. She and my dad have been divorced since before I can remember, so they’re using information that’s out of date since at least 1995. The age ranges they gave me didn’t actually have one with her age, it was something like 25-35, 40-45, 46-55, 60+, my mom is 56. There was no correct answer. I chose the closest and went from there.
My brother moved several months ago, so again, there was no correct answer. But it did have his previous city, so I answered with that.
After all of that they deemed that it was a fraudulent transaction and wouldn’t process it. Luckily for me, the fraud department at my bank was online and was able to remove the block and for me to book my visa. So you may say, “see! the system works." However, when I had this exact same problem in 2013 while in Thailand trying to buy a flight i lost out on hundreds of dollars because I had to go to an agent and pay with cash.
I had a conversation with some people in a bitcoin wechat group im in about how much I hate banks after taking my ICBC (largest bank in the world) card to an ICBC branch in malaysia to withdraw all my money since I can’t use the card in Thailand (even at an ICBC branch). Unfortunately in Malaysia I also can’t use that card, even at an ICBC. People were saying i’m doing myself a disservice by not having a bank, but in the past 8 days i’ve been denied my money from my bank three times, once in Thailand trying to use an ICBC, once in Malaysia trying to use an ICBC, and now by Visa. I’ve never once been prompted to go through verification with bitcoin, i’ve never once been denied the ability to send money, and for the people saying the verification/restrictions are for my safety, i’ve never had as much as a satoshi stolen from me, but i have had to spend hundreds of dollars to fix the mess caused by my banks.
This is why i’ve had my salary paid 100% in bitcoin for over 2 years, this is why I hold the vast majority of my money in bitcoin, and this is why I know that bitcoin has a future. To anybody who says that the current banking system works just fine, that’s ludicrous, start traveling and nearly every day you’ll see why bitcoin is needed; fees to convert currency, 5-50%—yes, it was literally 50% to convert Vietnamese dong to Thai baht at the Phuket airport; fees to withdraw from an ATM ($6, 2%); and tons of places charge you extra 3-5% plus flat fee if you use a cc.
Other stories about why I hate banks
Story time: In 2014 I was at Bitcoin2014 in Amsterdam, had an amazing trip that forever changed my life. While there I discovered that if you don’t have chip & pin a lot of places won’t accept your debit card, and even worse that they don’t even accept cash. My bank didn’t offer chip & pin cards when mine was issued so unfortunately couldn’t use my card nor my cash. When i went back to the states in July I asked specifically for a chip and pin card but they said they still don’t offer them and that I’d have to deal with swipe and sign for the time being. So I got my card and headed off on my travels once more, this time to kyrgyzstan and kazakhstan. When I get there I receive an email from my bank that they’ll promptly be canceling my card as they’re switching everyone over to chip and pin. I could ask for a two-week extension, but that’s it, after that I’ll have to wait for my new card to arrive. They also won’t send cards abroad, so i have to have it sent to my family and then have them ship it to asia (one card has already been lost in this process). So once again, I have no way to access my money.
Second Story time: When bitcoin hit $1000 in 2013 some friends and I took a trip to the Philippines. I sold a bitcoin and had the fiat transferred to my bank account (Wells Fargo). I went to use my card at an ATM and it was denied, I called my bank and tried to get the situation fixed. After going through social security number, recent withdrawal locations/amounts, and account information they said "no problem, we’ll have it all fixed here shortly, just need you to tell me how much your monthly mortgage payments are.” I was 21 and living in Beijing, i didn’t have any mortgage payments. So he let me know that wasn’t a problem, just needed to know how much my monthly car payment was. I was 21 and living in Beijing, I didn't have a monthly car payment. I was then promptly told “bummer, nothing we can do” and had to spend well over an hour going from supervisor to supervisor before I finally got the block lifted. It’s important to note that I notified them of my travel plans well in advance of my trip.
This is why I love bitcoin, my money is actually my money and i can use it 24/7/365. Even if I need to wait 30 minutes for a confirmation, it is vastly superior to not being to use your money at all.
Tldr; Visa has deemed my transactions fraudulent several times because i was unable to answer security questions that don't have correct answers. Bitcoin has never told me I can't spend my money.
submitted by zanetackett to btc [link] [comments]

Happy New Year: Presenting the long overdue Bitcoin Foundation 2014 financial results!

Hi,
Today we continue our coverage of the glorious Bitcoin Foundation by assisting them with their own transparency goals. Just like any tax-exempt non-profit the Foundation has to file Form 990 annually, and so they did on 2015-07-23. The website with transparency goals actually previously stated "2014 will become available once filed in the spring of 2015". Par for the course Bruce 'FENTON!' Fenton figured he may as well hide it after realizing the return may reflect poorly on the Foundation. Luckily our shills over at the Foundation Center are kind enough to provide us with a copy.
Bear in mind this is the fiscal year dated 01-01-2014 ending 12-31-2014, the year Bitcoin took a massive hit. For context; the Bitcoin Foundation has one primary asset: BTC-coins. At the beginning of the year BTC-coins were still worth quite a bit (some $800), while shortly into the year they traded slightly closer to fair-value (ending the year at $316). Perhaps you would expect the Foundation to curb expenses, however that goes against the libertarian school of thought (fuck you, got mine!).
Now on to the good stuff, here's how our favorite group of libertarians spent the majority of donated funbux in one year, knowing the Foundation's assets were depleting rapidly. As Reddit is known for bullshit doxxing rules we'll stick to what is written on the return, which is very much open to public inspection. Now, without further ado;
As we discovered in 2013 the Foundation's primary goal is rewarding their board of directors & officers, as we all know they work very hard:
And there are some contractors:
And the breakdown of the functional expenses, oh, so many expenses:
The revenues improved a lot of course, as you would expect with the increased expenses:
At the end of 2014 not much was left: $366k. Of course some membership fees were coming in early 2015 which allowed the board to continue their rampage a little longer. In the board meeting minutes of 7-21 you can read that the party is over ($59k left) and expenses have been cut to $14k/month. Meeting minutes of October show "Brock says that it looks like things were going well from a revenue standpoint until February and we've lost the remaining cash since then" (LOL). Desperation strikes near the end of the meeting with Bruce 'FENTON!' Fenton asking all participants to individually raise $10k before the next board meeting. Olivier Janssens doubts this is possible, and also states he isn't happy that financials haven't been published yet. Well now they are.
In fairness to the Foundation there have been some roster changes and most (if not all) people mentioned above are no longer involved. Which may or may not have something to do with that fact they could no longer get paid by the Foundation (kidding, of course it has everything to do with that).
tl;dr Libertarians are bad at managing finances.
submitted by BTC-coins to Buttcoin [link] [comments]

Bitcoin may not have as high TpS as Visa, but at least with bitcoin i’ll never have to worry about this:

I originally wrote this a month ago but decided not to post it. After being denied twice since, I have decided that I should post it.
Today my card was blocked in France while trying to top up credit on my phone. I was given three questions, answered each of them correctly (where i’ve lived in boulder, where my brother lives, how old my mom is) and yet I was still blocked. I was also told by my bank that there’s nothing they can do about this, it’s between visa and the merchant, so as long as I try to use visa I will always run into this problem. At any point my card can be blocked because they ask questions that cannot be answered correctly, or even when answered correctly it will still be blocked.
original post
Backstory: I lived in Thailand and had plans to go to a conference in Ho Chi Minh, Vietnam. Today I used my bank card to purchase one of the few things in life that I can’t with BTC, a visa for Vietnam. However, when going through processing I was asked three verification questions:
Not sure of the exact wording used, but it was basically how did you come to own/how did you buy/etc.. Unfortunately for me I’ve never seen that address in my life, i have no idea where it comes from as I’ve only ever lived at two residences in America, both of which I know the address to. There was option for this is not applicable to me which i chose.
My mom’s last name isn’t tackett though, so I don’t know why they’re using that name. She and my dad have been divorced since before I can remember, so they’re using information that’s out of date since at least 1995. The age ranges they gave me didn’t actually have one with her age, it was something like 25-35, 40-45, 46-55, 60+, my mom is 56. There was no correct answer. I chose the closest and went from there.
My brother moved several months ago, so again, there was no correct answer. But it did have his previous city, so I answered with that.
After all of that they deemed that it was a fraudulent transaction and wouldn’t process it. Luckily for me, the fraud department at my bank was online and was able to remove the block and for me to book my visa. So you may say, “see! the system works." However, when I had this exact same problem in 2013 while in Thailand trying to buy a flight i lost out on hundreds of dollars because I had to go to an agent and pay with cash.
I had a conversation with some people in a bitcoin wechat group im in about how much I hate banks after taking my ICBC (largest bank in the world) card to an ICBC branch in malaysia to withdraw all my money since I can’t use the card in Thailand (even at an ICBC branch). Unfortunately in Malaysia I also can’t use that card, even at an ICBC. People were saying i’m doing myself a disservice by not having a bank, but in the past 8 days i’ve been denied my money from my bank three times, once in Thailand trying to use an ICBC, once in Malaysia trying to use an ICBC, and now by Visa. I’ve never once been prompted to go through verification with bitcoin, i’ve never once been denied the ability to send money, and for the people saying the verification/restrictions are for my safety, i’ve never had as much as a satoshi stolen from me, but i have had to spend hundreds of dollars to fix the mess caused by my banks.
This is why i’ve had my salary paid 100% in bitcoin for over 2 years, this is why I hold the vast majority of my money in bitcoin, and this is why I know that bitcoin has a future. To anybody who says that the current banking system works just fine, that’s ludicrous, start traveling and nearly every day you’ll see why bitcoin is needed; fees to convert currency, 5-50%—yes, it was literally 50% to convert Vietnamese dong to Thai baht at the Phuket airport; fees to withdraw from an ATM ($6, 2%); and tons of places charge you extra 3-5% plus flat fee if you use a cc.
Other stories about why I hate banks
Story time: In 2014 I was at Bitcoin2014 in Amsterdam, had an amazing trip that forever changed my life. While there I discovered that if you don’t have chip & pin a lot of places won’t accept your debit card, and even worse that they don’t even accept cash. My bank didn’t offer chip & pin cards when mine was issued so unfortunately couldn’t use my card nor my cash. When i went back to the states in July I asked specifically for a chip and pin card but they said they still don’t offer them and that I’d have to deal with swipe and sign for the time being. So I got my card and headed off on my travels once more, this time to kyrgyzstan and kazakhstan. When I get there I receive an email from my bank that they’ll promptly be canceling my card as they’re switching everyone over to chip and pin. I could ask for a two-week extension, but that’s it, after that I’ll have to wait for my new card to arrive. They also won’t send cards abroad, so i have to have it sent to my family and then have them ship it to asia (one card has already been lost in this process). So once again, I have no way to access my money.
Second Story time: When bitcoin hit $1000 in 2013 some friends and I took a trip to the Philippines. I sold a bitcoin and had the fiat transferred to my bank account (Wells Fargo). I went to use my card at an ATM and it was denied, I called my bank and tried to get the situation fixed. After going through social security number, recent withdrawal locations/amounts, and account information they said "no problem, we’ll have it all fixed here shortly, just need you to tell me how much your monthly mortgage payments are.” I was 21 and living in Beijing, i didn’t have any mortgage payments. So he let me know that wasn’t a problem, just needed to know how much my monthly car payment was. I was 21 and living in Beijing, I didn't have a monthly car payment. I was then promptly told “bummer, nothing we can do” and had to spend well over an hour going from supervisor to supervisor before I finally got the block lifted. It’s important to note that I notified them of my travel plans well in advance of my trip.
This is why I love bitcoin, my money is actually my money and i can use it 24/7/365. Even if I need to wait 30 minutes for a confirmation, it is vastly superior to not being to use your money at all.
Tldr; Visa has deemed my transactions fraudulent several times because i was unable to answer security questions that don't have correct answers. Bitcoin has never told me I can't spend my money.
submitted by zanetackett to Bitcoin [link] [comments]

NEW: German Hinterland Base Chemistry Trading Hubs by Smart Contracts

At the LogiChem2018 trade conference in Amsterdam participants were trading base chemistry in the form of a computer game for 4 players, SelfreHub, using a smart contract and the freeware software package Otree. These types of contracts are considered a prerequisite to use Blockchain as communication for commodity markets.
Most people know commodity market either from their own heating oil purchase, or from the stock market quotations for crude oil, wheat or maybe even coffee bean futures. However, the vast majority of commodities are traded very differently, namely in long-term contracts between operators of raw material plants such as cement factories, sugar refineries or chemical plants. "Long term" often means 1 year at a fixed price.
Fiat Money plays a big role in that world - delivery of these goods vs Money or better vs. Bank Guarantee. Interbank interest rates also play a major role, as the material inside large storages is leased to banks to gain the most efficient access to finance, sometimes even just for a few weeks.
However, most plants convert commodities only to other commodities, meaning they buy, for example, Crude oil convert it with a refinery process into gasoline, then sell it - often for a very small relative conversion margin, such as approx. 5 ct/Liter in the case of regular gasoline. The idea to use a Blockchain technology (raw material A in - Bitcoin payment out - raw material B out - Bitcoin payment in) is therefore already since a few years in discussion. However, the missing building block has been a nice, liquid market for such blockchain-based contracts.
‘Nice' markets have to be in the form of Hubs for commodity traders. Hubs are the basis for fungible contracts, such as futures. It is precisely that problem where the computer game's smart contracts provide the solution, since they are self-regulating in a public available algorithms. This means they essentially adjust their regional definition through analysis just of traded recent prices, not having to know anything about real factory capacities or the marketing strategies of their operators.
The founder of a start-up from Hamburg Oxandel, Björn Michaelis, who was involved in the development of the SelfRe-Hub Game, and brokers these contracts since last year in Germany between hot dip galvanizers and the chemical industry, said it would be like making the invisible hand of Adam Smith a bit more visible. When users - despite being in tough competition - and therefore don’t want to exchange true information, except the minimal needed like binding purchase and selling orders, very easily minimize their overall necessary freight distances - despite they dont't intend to cooperate - it seemes initially like Magic.
But these kind of clever contracts are not new to Econmists at all and well understood. The ideas go back to a game-theoretical thought experiment by Harold Hotelling from year 1928, which is often illustrated with the behavior of ice cream vendors at a beach. Jean Tirole, Nobel Laureate in Economics in 2014, also explains in his book "Economics for the Common God" that contract structures with fair and meaningful incentives - such as in this case the minimization of truck freight distances - are preferrable to the typical regulations of antitrust authorities sometimes forced on commodity producers, because the authorities usually don't have enough information or resources to correctly assess the behavious in the markets (Tirole Video).
The trading scheme seems to be almost "moneyless" and "creditless" - and therefore Austrian School Economics may provide the right tools to understand further implications.
submitted by Eddi_D to Commodities [link] [comments]

Blockchained Spot Commodity Market - Austrian School in Action ?

At the LogiChem2018 trade conference in Amsterdam participants were trading base chemistry in the form of a computer game for 4 players, SelfreHub, using a smart contract and the freeware software package Otree. These types of contracts are considered a prerequisite to use Blockchain as communication for commodity markets.
Most people know commodity market either from their own heating oil purchase, or from the stock market quotations for crude oil, wheat or maybe even coffee bean futures. However, the vast majority of commodities are traded very differently, namely in long-term contracts between operators of raw material plants such as cement factories, sugar refineries or chemical plants. "Long term" often means 1 year at a fixed price.
Fiat Money plays a big role in that world - delivery of these goods vs Money or better vs. Bank Guarantee. Interbank interest rates also play a major role, as the material inside large storages is leased to banks to gain the most efficient access to finance, sometimes even just for a few weeks.
However, most plants convert commodities only to other commodities, meaning they buy, for example, Crude oil convert it with a refinery process into gasoline, then sell it - often for a very small relative conversion margin, such as approx. 5 ct/Liter in the case of regular gasoline. The idea to use a Blockchain technology (raw material A in - Bitcoin payment out - raw material B out - Bitcoin payment in) is therefore already since a few years in discussion. However, the missing building block has been a nice, liquid market for such blockchain-based contracts.
‘Nice' markets have to be in the form of Hubs for commodity traders. Hubs are the basis for fungible contracts, such as futures. It is precisely that problem where the computer game's smart contracts provide the solution, since they are self-regulating in a public available algorithms. This means they essentially adjust their regional definition through analysis just of traded recent prices, not having to know anything about real factory capacities or the marketing strategies of their operators.
The founder of a start-up from Hamburg Oxandel, Björn Michaelis, who was involved in the development of the SelfRe-Hub Game, and brokers these contracts since last year in Germany between hot dip galvanizers and the chemical industry, said it would be like making the invisible hand of Adam Smith a bit more visible. When users - despite being in tough competition - and therefore don’t want to exchange true information, except the minimal needed like binding purchase and selling orders, very easily minimize their overall necessary freight distances - despite they dont't intend to cooperate - it seemes initially like Magic.
But these kind of clever contracts are not new to Econmists at all and well understood. The ideas go back to a game-theoretical thought experiment by Harold Hotelling from year 1928, which is often illustrated with the behavior of ice cream vendors at a beach. Jean Tirole, Nobel Laureate in Economics in 2014, also explains in his book "Economics for the Common God" that contract structures with fair and meaningful incentives - such as in this case the minimization of truck freight distances - are preferrable to the typical regulations of antitrust authorities sometimes forced on commodity producers, because the authorities usually don't have enough information or resources to correctly assess the behavious in the markets (Tirole Video).
The trading scheme seems to be almost "moneyless" and "creditless" - and therefore Austrian School Economics may provide the right tools to understand further implications.
submitted by Eddi_D to austrian_economics [link] [comments]

I asked my kid's school lunch Corp. entity @HeartlandHPY to accept Bitcoin and got a snippy response, this was my reply. How'd I do ?

Hi MSB support,
Thanks for your prompt reply.
Crypto currencies are indeed pretty new (or rather, in the case of Bitcoin, not so new but only recently have larger corporate entities come to begin to understand it's usability and potential).
With respect, I'd like to address the great points you made:
-We can not support Bitcoin as Bitcoin uses peer-to-peer technology to operate with no central authority or banks
That's not a reason why you cannot accept it. Bitcoin is legal and many businesses both small and several very large ones are very actively accepting, processing and saving money using Bitcoin.
Two you may have heard of are:
- Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin.
That's correct, and frankly many folks, including many respected economists and attorneys consider that either a strength or a non-issue. Many compare this fact in a different software domain to Linux which powers a significant share of most of the worlds servers.
- For legal purposes there needs to be ownership over funds and the issues with Bitcoin mining could be a problem.
There's no fundamental legal issue, it's legal the IRS has even made several rulings on how taxes related to Bitcoins should be processed and there are several large, well establish Bitcoin payment Merchant processors, including coinbase.com and bitpay.com - the latter processes Bitcoin at a 1% rate straight into USD via ACH to any personal or corporate bank account: http://blog.bitpay.com/2014/05/04/merchant-spotlight-sendowl.html
Look, if you're not ready to consider Bitcoin I can respect that but I hope some of the info above might be useful when there may be an opportunity for a reevaluation.
Bitcoin is money for the internet (and even more important the internet of money and beyond).
Thanks for listening, feel free to contact me if you'd like any more info or discussion.
submitted by fuyuasha to Bitcoin [link] [comments]

4/16/14 Video News - Nick Szabo as Satoshi, Mt. Gox liquidates, ATMs in Brazil & China

Video: http://www.moneyandtech.com/apr16-news-update/
Today's top news stories for you in Money & Tech:
The mysterious Satoshi Nakamoto has been found… again. A group of forensic linguistics experts at Aston University lead by Dr. Jack Grieve have analyzed the original Bitcoin whitepaper, comparing it to the writing of 11 individuals previously thought to be Satoshi Nakamoto. Their conclusion: former law professor Nick Szabo is the primary author of the whitepaper and therefore the probable creator, or one of the creators, of bitcoin. As Dr. Grieve put it, “The number of linguistic similarities between Szabo’s writing and the bitcoin whitepaper is uncanny... though we can’t rule out the possibility that others contributed.""
The Tokyo District Court today dismissed Mt. Gox's proposal for a civil rehabilitation proceeding, despite the recent offer from a group of industry investors to purchase and resurrect the company for the price of one Bitcoin. Instead today, Mt. Gox filed for liquidation in Tokyo court, which the exchange admitted “will create great inconvenience and concerns to our creditors for which we apologize.”
At the same time, Gox CEO Mark Karpeles has filed an emergency motion to push back his US court appearance until May 5th, which could threaten the continuation of Karpeles' US bankruptcy protections, and provide US class action lawsuit attorneys the time to do more research and build their case.
The President of the U.S. Federal Reserve Bank of Minneapolis expressed interest in digital currency at a town hall at North Dakota State University on Tuesday, saying its main interest lies in its ability for speedy payments between individuals, ”as opposed to a new currency that’s going to drive the U.S. dollar out of circulation.” This statement comes days after an economist at the Federal Reserve Bank of Chicago acknowledged that bitcoin is a “remarkable technical achievement”, and VP at the St. Louis Fed called bitcoin “a stroke of genius“.
Latin America's first bitcoin ATM landed in Brazil on Monday, at a Sao Paulo bar already accepting Bitcoin, and blocks away from international offices of Facebook, Google, J.P. Morgan and Goldman Sachs. The new Lamassu machine allows locals to convert their Brazilian Real into Bitcoin, and offers businesses like the Sao Paulo bar an option to operate without the high transactions fees typical of local banks.
In China, BTC China has installed the country's first bitcoin ATM machine as promised, located in a cafe at a mall in Shanghai, allowing people to physically change Chinese yuan into Bitcoin for the first time.
The Bitcoin Foundation and Blockchain.info have co-created the first annual Blockchain Awards to celebrate innovation and excellence in the Bitcoin community. The awards ceremony will be held in Amsterdam on May 16th at the Bitcoin 2014 conference. Nominations will be accepted today through May 6th for categories such as, Most Impactful Charity, Best ATM Design, and Bitcoin Champion.
Money & Tech’s Perianne Boring attended the recent Inside Bitcoins New York conference. We’ll be bringing you her interviews with notable industry figures this week, starting today with Blockchain.info CEO Nicholas Cary and Cryptsy CEO Paul Vernon, available here shortly.
submitted by moneyandtech to BitcoinMarkets [link] [comments]

Meetup for European digital currency groups and associations at Bitcoin 2014 | Amsterdam, Thursday 15 May 2014 13:00 - 16:00

I am organising an unofficial roundtable meeting of European digital currency groups and associations on the eve of the conference, Thursday 15 May, to:
With the European Banking Authority’s multi-sectoral task force on digital currencies set to report soon and the 2nd Payment Services Directive due to enter its legislative phase this Summer, the issue of regulation is of concern to all in the European cryptocurrency space. A lively and interesting discussion can therefore be expected.
The plan is to have lunch at a restaurant close by the Passenger Terminal Amsterdam where Bitcoin 2014 is being held. The restaurant has kindly agreed to let us stay on after lunch free of charge provided we have lunch there first. The restaurant serves a buffet for around €7 to €10 so expect to spend around €15 to €20 including drinks and meeting refreshments.
If we arrive for lunch and networking at 13:00, the meeting can start at 14:00 and run until 16:00. That will leave plenty of time for further networking before heading to the conference venue 6 minutes walk away where the Welcome Reception starts at 18:00.
This informal but focused meetup is an opportunity for members of Europe's national, regional and local digital currency groups and associations to get together before the conference, exchange ideas and find common ground.
IMPORTANT! If you are attending Bitcoin 2014 and would like to participate in this pre-conference meetup, please register here: https://preconfmeetup.wufoo.com/forms/european-digital-currency-groups-associations/
Please mention the meetup to any colleagues who you think may be interested or post these details on your group or association’s blog, forum, newsletter or website.
Hope to see you there!
submitted by coinsult to CryptoCurrency [link] [comments]

Meetup for European digital currency groups & associations at Bitcoin 2014 | Amsterdam, Thursday 15 May 2014 13:00 - 16:00

I am organising an unofficial roundtable meeting of European digital currency groups and associations on the eve of the conference, Thursday 15 May, to:
With the European Banking Authority’s multi-sectoral task force on digital currencies set to report soon and the 2nd Payment Services Directive due to enter its legislative phase this Summer, the issue of regulation is of concern to all in the European cryptocurrency space. A lively and interesting discussion can therefore be expected.
The plan is to have lunch at a restaurant close by the Passenger Terminal Amsterdam where Bitcoin 2014 is being held. The restaurant has kindly agreed to let us stay on after lunch free of charge provided we have lunch there first. The restaurant serves a buffet for around €7 to €10 so expect to spend around €15 to €20 including drinks and meeting refreshments.
If we arrive for lunch and networking at 13:00, the meeting can start at 14:00 and run until 16:00. That will leave plenty of time for further networking before heading to the conference venue 6 minutes walk away where the Welcome Reception starts at 18:00.
This informal but focused meetup is an opportunity for members of Europe's national, regional and local digital currency groups and associations to get together before the conference, exchange ideas and find common ground.
IMPORTANT! If you are attending Bitcoin 2014 and would like to participate in this pre-conference meetup, please register here: https://preconfmeetup.wufoo.com/forms/european-digital-currency-groups-associations/
Please mention the meetup to any colleagues who you think may be interested or post these details on your group or association’s blog, forum, newsletter or website.
Hope to see you there!
submitted by coinsult to Bitcoin [link] [comments]

First National Bitcoin Conference, May 15. Impact and opportunities for the Dutch economy.

On Thursday the 15th of May, the vanguard of Dutch business as well as (semi-)governmental institutions will be catching up on the phenomenon that is Bitcoin. Top speakers share their knowledge and visions on the latest developments and the impact Bitcoin has on the economy and society, both in the present and in the future. ABN AMRO Innovation Centre will host the conference and facilitate the discussion about financial traffic innovation.
The conference will offer a constructive, critical view on the new technologies of Bitcoin and “crypto currencies”, and present the audience with the necessary tools for them to be able to engage in both strategic and practical discussions concerning the innovation of financial services and products. Among the speakers are notable entrepreneurs, scientists, investors, managers, (central) bankers, and Bitcoin specialists such as banker Peter Verhaar, VC Marc van der Chijs, Tuur Demeester, Professor Paul Iske, Mark Buitenhek and former Minister of Finance Jan Kees de Jager. International speakers are day one-Bitcoin investor Trace Mayer, Moe Levin of Bitpay, and Bitcoin core developer Mike Hearn. Both ABN AMRO and ING will contribute to the conference on stage, and during the conference, De Nederlandsche Bank (‘The Dutch Bank’) will divulge some of their views on Bitcoin and “crypto currencies” regarding innovation and payment systems.
After attending the conference, visitors will be able to answer positively the question whether they ever paid using Bitcoin. The “Demo Zone” will offer several options to personally experience the workings of Bitcoin: from using a Bitcoin ATM to using mobile wallets, and from paying through Google Glass (powered by Dutch start-up EAZE) to donating Bitcoins to a remarkable project of Stichting Vluchteling (‘Refugee Foundation’), making Stichting Vluchteling the first NGO to accept Bitcoin donations.
The National Bitcoin Conference coincides with the international Bitcoin conference Bitcoin2014, which will begin Friday the 16th of May, also in Amsterdam.
Participation in the conference costs €190, there are only 100 spots available, and the conference will take place at ABN AMRO Dialogues House, Foppingadreef 22, Amsterdam. In anticipation of this event, Paydro, the conference’s ticket supplier, expanded its services to allow customers to pay for their tickets using Bitcoins. The conference will also be broadcast via the internet.
Signing up can be done at http://www.bitcoincongres.nl. There, conference details can also be found.
Rutger van Zuidam, Ecommerce entrepreneur and Bitcoin specialist: “Bitcoin lifts a corner of the veil of what awaits us regarding crypto currencies in the near future. We know that, so far, the internet has consistently made the middle man obsolete, as was the case with, for instance, mail, music, travel, books, and news. Perhaps the best way to describe Bitcoin is as a sort of internet for money and other instances of property. It’s still in its infancy, but the possibilities that it offers for new products and services is unprecedented.”
Arjan van Os, Head Innovation Centre ABN AMRO: “The fast technological progression we are experiencing in today’s world can also be observed in the acceleration of developments concerning ways of paying, encouraged by financial institutions and start-ups. Virtual currencies are especially striking in that respect. That’s why we gladly facilitate the discussion about this ‘digital currency’ and the principles, protocols, and techniques behind it.
Vincent Everts, trendwatcher: “The Netherlands is now at the forefront in using and developing Bitcoin standards, just like we often innovate in the financial world. It is not a threat to the financial sector, but the greatest innovation since online banking. If we push on now and start implementing Bitcoin services internationally, we will create excellent opportunities for businesses and government.”
On Bitcoin: At its core, Bitcoin is a digital, communal, public general ledger for registration and transactions of property – the so-called Blockchain – which, through the internet, is distributed over its complete network of participants worldwide. In this Blockchain, all transactions are registered, including date and time. The security, maintenance and administration come about as a result of a combination of mathematical principles (algorithms and cryptographics) and participants that make their computers’ computing power available in a process that is called “mining”. This way, Bitcoins can never be spent twice simultaneously (double spending), and there is an algorithm that rewards “miners” with Bitcoins for their effort. In this manner, the “trusted third party” is completely automatized, allowing the Bitcoin protocol to facilitate a payment network on a global scale without any interference from third parties such as (central) banks.
On the National Bitcoin Conference: The National Bitcoin Conference was started in 2014 by trendwatcher Vincent Everts and Ecommerce entrepreneur and Bitcoin specialist Rutger van Zuidam. The conference was created and especially programmed to inform the vanguard of Dutch business and government about the latest developments concerning Bitcoin. Top speakers share their knowledge and vision on Bitcoin, the latest developments and the impact that Bitcoin has and will have on business and society. At this conference, participants will obtain the knowledge that is necessary to be able to engage in (strategic) discussions about innovation in this field.
submitted by rutgervz to Bitcoin [link] [comments]

4/28/14 Video News - Silk Road's Slomp, Amsterdam ATM, Ohio BTC booze ban & bitcoin on Yelp

Video: http://moneyandtech.com/apr28-news-update/
Start off your week with today's top news stories in Money & Tech:
Prolific Silk Road vendor Cornelis Jan Slomp, or “SuperTrips” as he's known to his customers, plead guilty to federal charges of conspiracy to import and distribute various controlled substances, including 104 kilograms of MDMA, and substantial quantities of cocaine, LSD, marijuana, methamphetamine, ketamine, and Xanax. Slomp had allegedly been importing envelopes containing these substances through the Chicago O’Hare International Airport, where an undercover investigation caught up with him. Slomp will be tried in the Federal Court in Chicago, where he faces a mandatory minimum of 5yrs and a maximum of 40yrs in prison with a $5 million fine.
Already becoming a bitcoin-friendly city, Amsterdam now has a bitcoin ATM. The new BTC-O-MATIC machine has been installed at coffee shop Courtyard of Wise, near the Amsterdam Central station, and will be operating this Wednesday during the Dutch Ethereum & Bitcoin Meetup. The machine has also arrived in time for the Bitcoin Conference 2014 coming up in May.
BitcoinWebHosting.net has partnered with Sucuri Security to offer website protection and malware removal for bitcoin. Now Bitcoin Web Hosting customers can opt-in to Sucuri's website security suite, which includes protection from DDoS attacks, out-of-date software, malware distribution and website blacklisting. As Sucuri COO Tony Perez puts it, ""It's our mission to protect every website on the Internet, and [this] is a step in that direction.""
In response to the local Bitcoin Boulevard project in Cleveland’s Cedar & Lee district, Ohio has effectively banned the use of bitcoin for alcohol sales. The state’s Liquor Control Law indicates that payment for alcohol in Ohio with anything other than US currency is prohibited, which includes bitcoin, since it has not been recognized as a currency. Maryland and Nevada have also both issued new advisory warnings on bitcoin, similarly encouraging consumers to ‘do their homework’ and familiarise themselves with the risks of digital currencies.
In the wake of China's renewed vow to cut bitcoin funding, leading bitcoin exchange BTC China has finally been forced to cease customer deposits with the China Merchants Bank. However, CEO Bobby Lee does not expect this closure will have a substantial impact on their business, given that BTC China customers can still use accounts with other financial institutions, including the Bank of China.
Despite the growing uncertainty, China will host its first Bitcoin conference, The Global Bitcoin Summit 2014, which will be held at the China National Convention Center in Beijing on May 10th to 11th. The event hopes to attract top notch experts, economists, investors, lawyers, and even government agencies, to help shed light on future bitcoin trends in China and abroad and help attendees build a bridge for better communications and continued growth.
Bitcoin incubator Boost VC hosted a bitcoin hackathon this past weekend. First place was awarded to bitcoin startup Coinviz, which boasts the ability to easily visualize block chain transactions and information. Second place went to bitcoin derivatives platform Coindash, which helps bitcoin investors hedge their investments for reduced volatility risk. And third place went to betting platform Bitbook.ie.
Yelp appears to have added a new category allowing business owners to specify whether or not they accept bitcoin, under the 'More business info' section on its Yelp page. For bitcoin enthusiasts eager to transact in the cryptocurrency wherever possible, this added feature makes finding local businesses much easier.
submitted by moneyandtech to BitcoinMarkets [link] [comments]

Let’s Get Alakanani to Amsterdam for #Bitcoin2014!

Redditors,
Peter Vessenes and I are reaching out to invite you to partner with us to help get Alakanani Itireleng to the Bitcoin 2014 Conference in Amsterdam, Netherlands from May 15-17. Some of you may already know of Alakanani as the Bitcoin Missionary from Botswana.
I was personally first introduced to Alah and her story back in January of this year and was utterly amazed and encouraged by the work she is doing to spread Bitcoin and economic freedom throughout Botswana and Africa. Alakanani has single handedly organized several meet-ups in Botswana and is looking to work with businesses in Botswana to start accepting Bitcoin and additionally education on the merits of BTC.
You can watch her story here: http://youtu.be/W1EipgGE45s
We want to get her to Amsterdam so she can connect with the Bitcoin community and share her story!
Are you interested in helping us meet our financial goal?
Please feel free to give as led. We will need to raise approx. 4,000USD (in BTC) by April 16th to be able to cover her airfare, visa fee, hotel, and meals.
Donations can be made to:
18XkPm3cm1mjbb19NEdvLZq7XyPQJcLUZG
Roger Ver has kindly agreed to monitor this wallet.
Thank you again for your consideration and we look forward to seeing you in Amsterdam!
Best regards,
Elizabeth T. Ploshay Secretary, Bitcoin Foundation Board of Directors
Peter Vesseness Chairman, Bitcoin Foundation Board of Directors
Roger Ver Bitcoin Evangelist and Investor, Blockchain
submitted by Bitcoinliz to Bitcoin [link] [comments]

Gridseed becomes supporting sponsor in Bitcoin 2014 conference

Gridseed, a Chinese company in chips development and mining device manufacture, will attend the Bitcoin 2014 conference, hosted in Amsterdam from 15 to 17 May, as a supporting sponsor. This is the first show of Chinese mining device company on the top international Bitcoin stage.
Bitcoin 2014 is the annual international digital currency forum, exhibition and networking conference, organised by the Bitcoin Foundation. This is the worldwide top summit in fintech industry. Last year, Bitcoin 2013, which is the inaugural conference, was held in Silicon Valley and attracted over 1,200 attendees, speakers and exhibitors. The topic for 2014 conference is ‘building digital economy’.
In addition to supporting sponsor, Gridseed also sponsor the first annual Blockchain Award organised by Bitcoin Foundation and Blockchain.info. This inaugural award is set for celebrating the creation and excellence in Bitcoin community.
Gridseed is the only company in the world that owns all the three generations of crypto-currency chips. It also has the capacity of whole industrial chain operation and is limbed with a very stable team for selling mining devices and even, going one-step further, for deployment of the devices at the customer doorstep. Gridseed has created several ‘First’ in this industry: Gridseed team is the first one that developed and produced ASIC chips for Bitcoin mining and the first one who developed ASIC chips for Litecoin mining. The well-known Gridseed mini USB mining machine was released for ready on sale in middle January 2014 and sold to more than 40 countries and regions. The current product G-Blade mining machine (‘Little Black’) is also hot selling.
Gridseed CEO Frank Lee said that to attend the Bitcoin 2014 conference was not only an indication of Gridseed’s leading position in the field of mining chips and device, but also a declaration that China has won a place in worldwide digital economy.
submitted by Gridseedminer to Bitcoin [link] [comments]

Meetup for European digital currency groups and associations at Bitcoin 2014 | Amsterdam, Thursday 15 May 2014 13:00 - 16:00

I am organising an unofficial roundtable meeting of European digital currency groups and associations on the eve of the conference, Thursday 15 May, to:
With the European Banking Authority’s multi-sectoral task force on digital currencies set to report soon and the 2nd Payment Services Directive due to enter its legislative phase this Summer, the issue of regulation is of concern to all in the European cryptocurrency space. A lively and interesting discussion can therefore be expected.
The plan is to have lunch at a restaurant close by the Passenger Terminal Amsterdam where Bitcoin 2014 is being held. The restaurant has kindly agreed to let us stay on after lunch free of charge provided we have lunch there first. The restaurant serves a buffet for around €7 to €10 so expect to spend around €15 to €20 including drinks and meeting refreshments.
If we arrive for lunch and networking at 13:00, the meeting can start at 14:00 and run until 16:00. That will leave plenty of time for further networking before heading to the conference venue 6 minutes walk away where the Welcome Reception starts at 18:00.
This informal but focused meetup is an opportunity for members of Europe's national, regional and local digital currency groups and associations to get together before the conference, exchange ideas and find common ground.
IMPORTANT! If you are attending Bitcoin 2014 and would like to participate in this pre-conference meetup, please register here: https://preconfmeetup.wufoo.com/forms/european-digital-currency-groups-associations/
Please mention the meetup to any colleagues who you think may be interested or post these details on your group or association’s blog, forum, newsletter or website.
Hope to see you there!
submitted by coinsult to BitcoinUK [link] [comments]

4/16/14 Video News - Nick Szabo as Satoshi, Mt. Gox liquidates, ATMs in Brazil & China

Video: http://www.moneyandtech.com/apr16-news-update/
Today's top news stories for you in Money & Tech:
The mysterious Satoshi Nakamoto has been found… again. A group of forensic linguistics experts at Aston University lead by Dr. Jack Grieve have analyzed the original Bitcoin whitepaper, comparing it to the writing of 11 individuals previously thought to be Satoshi Nakamoto. Their conclusion: former law professor Nick Szabo is the primary author of the whitepaper and therefore the probable creator, or one of the creators, of bitcoin. As Dr. Grieve put it, “The number of linguistic similarities between Szabo’s writing and the bitcoin whitepaper is uncanny... though we can’t rule out the possibility that others contributed.""
The Tokyo District Court today dismissed Mt. Gox's proposal for a civil rehabilitation proceeding, despite the recent offer from a group of industry investors to purchase and resurrect the company for the price of one Bitcoin. Instead today, Mt. Gox filed for liquidation in Tokyo court, which the exchange admitted “will create great inconvenience and concerns to our creditors for which we apologize.”
At the same time, Gox CEO Mark Karpeles has filed an emergency motion to push back his US court appearance until May 5th, which could threaten the continuation of Karpeles' US bankruptcy protections, and provide US class action lawsuit attorneys the time to do more research and build their case.
The President of the U.S. Federal Reserve Bank of Minneapolis expressed interest in digital currency at a town hall at North Dakota State University on Tuesday, saying its main interest lies in its ability for speedy payments between individuals, ”as opposed to a new currency that’s going to drive the U.S. dollar out of circulation.” This statement comes days after an economist at the Federal Reserve Bank of Chicago acknowledged that bitcoin is a “remarkable technical achievement”, and VP at the St. Louis Fed called bitcoin “a stroke of genius“.
Latin America's first bitcoin ATM landed in Brazil on Monday, at a Sao Paulo bar already accepting Bitcoin, and blocks away from international offices of Facebook, Google, J.P. Morgan and Goldman Sachs. The new Lamassu machine allows locals to convert their Brazilian Real into Bitcoin, and offers businesses like the Sao Paulo bar an option to operate without the high transactions fees typical of local banks.
In China, BTC China has installed the country's first bitcoin ATM machine as promised, located in a cafe at a mall in Shanghai, allowing people to physically change Chinese yuan into Bitcoin for the first time.
The Bitcoin Foundation and Blockchain.info have co-created the first annual Blockchain Awards to celebrate innovation and excellence in the Bitcoin community. The awards ceremony will be held in Amsterdam on May 16th at the Bitcoin 2014 conference. Nominations will be accepted today through May 6th for categories such as, Most Impactful Charity, Best ATM Design, and Bitcoin Champion.
Money & Tech’s Perianne Boring attended the recent Inside Bitcoins New York conference. We’ll be bringing you her interviews with notable industry figures this week, starting today with Blockchain.info CEO Nicholas Cary and Cryptsy CEO Paul Vernon, available here shortly.
submitted by moneyandtech to Bitcoin [link] [comments]

Bitcoin 2014 conference - Summary Bitcoin 2014 Conference Aftermovie Bitcoin 2014 conference - Intro #Bitcoin2014 - Panel: Economic Theory of Bitcoin Bitcoin News 16th May 2014: Bitpay Raises $30m in Record Funding Round

Presented at the National Bitcoin Conference in Amsterdam, May 15, 2014. The story of Charles W. Morgan. Today, I want to tell you the story of Charles W. Morgan. Mr. Morgan lived in the United ... Heads up folks! Bitcoin 2014: Building the Digital Economy conference is being held in Amsterdam starting May 15 to 17 2014. Amsterdam Bitcoin 2014 event... The price of bitcoin has been on a tear the past two weeks. In the week following the annual Bitcoin conference in Amsterdam, bitcoin values jumped as much as 30%. This week we have continued to ... Bitcoin 2014, a European conference held in association with the Bitcoin Foundation, has released a schedule of planned events via its website. The conference will be held from 15-17th May at ... Bitcoin 2014 – Multi Chain – Amsterdam. Posted by IamSatoshi on 25 May 2014, 4:59 pm. Bitcoin 2014 was the Bitcoin Foundation’s annual conference which gathered more than 1,100 attendees in Amsterdam. As a top fintech hub in Europe and with fantastic tourist attraction, Amsterdam served as a great place for the event. Holding a conference in Europe was a great way for the Foundation to ...

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Bitcoin 2014 conference - Summary

Published on May 16, 2014 We took a break from the back-to-back sessions at Bitcoin 2014 in Amsterdam to bring you the digital currency news highlights from the last week. Day 2 of Bitcoin 2014 Conference was held on May 16, 2014. -Keynote Address by Dr. Patrick Byrne, CEO of Overstock-Annual State of Bitcoin Address by Gavin Andresen, Chief Scientist of The Bitcoin ... Henry Brade from Bittiraha.fi sums up the Bitcoin 2014 conference. Here are the links for the full interviews: Martti Malmi, first developer after Satoshi: h... Bitcoin 2014's The Digital Economy Panel: Economic Theory of Bitcoin took place on Saturday, May 17, 2014 at the Passenger Terminal Amsterdam (PTA) Backstage Area from 9:30am-10:30am. Bitcoin is a ... Bitcoin 2014's Annual State of Bitcoin Address took place on Friday, May 16, 2014 at the Passenger Terminal Amsterdam Main Deck in the Netherlands. Hear the word direct from the Bitcoin Foundation ...

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