Commentary

How Long Until We Forget About Cash?

Author: George Basiladze

In the ever-changing world of finance, many of us grow less and less dependent on physical, paper money. The rapid development of financial technology has allowed us to effectively skip out the physical exchange of monies, as we grow increasingly reliant on e-commerce systems, credit/debit cards and contactless technologies. In many areas of the world, people can go through a regular week without ever needing paper money. In the UK, almost all …

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#DontExposeEvil Pro-Peace Meme Contest Winners Announced!

Too Few Role Models

We've been talking about the #DontExposeEvil meme contest for quite some time now. It all began when Google pulled ads from Antiwar.com due to graphic war images that were hosted on the site. Bitcoin Not Bombs decided to fight back with this pro-peace meme contest.

The deadline for submissions was April 20, and last night (April 30), we announced the winners live on a Liberty.me webcast! We also had a great time discussing why peace …

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Overstock to Become a Blockchain Stock – Bits & Pieces #25

Overstock Trading On Blockchain

Last week, Overstock.com filed paperwork to begin offering stock (and perhaps other securities) in a digital form. The company's CEO, Patrick Byrne, has been planning this move since last summer, when he announced at a Bitcoin 2014 that he wanted to list Overstock on a blockchain-based exchange. I'm absolutely excited to see Byrne continuing to piece together his futuristic vision, but I fear that the road will not be as smooth as some others expect.…

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Top 5 Bitcoiners That Love Weed – Bits & Pieces #24

Bitcoin and Weed

Happy 420! For probably a variety of reasons, April 20 is a day when people celebrate the cannabis subculture and perhaps consume a few extra green sticky leaves.

My co-host, Tim Baker, told me once that he thinks special days like this are not ideal, even though he appreciates the object of the celebration. He thinks that festivities tend to make people overexcited about things that they don't fully understand. That could be true …

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Bitcoin Gambling: People 1, State 0 – Bits & Pieces #23

Bitcoin Gambling

What do you do when you can't tell what's legal and what's not? Often, the answer is nothing. We simply rest on our laurels until the gov'ment tells us what's permitted, because we don't want to risk getting in trouble.

The online gambling industry in the US has been doing exactly that for several years. Many large poker websites have been refusing service to US players due to legal gray area. Unfortunately, decisions like those …

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Is Wall Street Bad for Bitcoin? – Bits & Pieces #22

Wall Street in Bitcoin

Patrick Byrne, the CEO of Overstock.com, is greatly respected by many in the Bitcoin community. His company started accepting Bitcoin relatively early (January 2014) and was the largest to do so at the time. Byrne is also well known for exposing a great deal of Wall Street corruption. This WIRED article calls him Bitcoin Messiah and the Scourge of Wall Street in the same headline.

Not everyone agrees, of course, but many Bitcoiners share Byrne’s …

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The True Bitcoin Price – Bits & Pieces #21

Bitcoin Value

It's easy to quote a reasonable Bitcoin price at any given time, but determining the true value of the cryptocurrency can be an entirely different task. When people ask me what the Bitcoin price is, I just look up the rate published by an exchange like Bitstamp or Coinbase and round to a nice even number. For instance, today, I'd probably say that a Bitcoin is worth about $250. I also like to use BitcoinAverage

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Bitcoin Adoption: Twitch Does It Best – Bits & Pieces #20

Bitcoin Adoption via Twitch

It's no secret that having more Bitcoin services and merchants is better for Bitcoin adoption. Of course it's amazing to have companies like Microsoft and Dell accepting Bitcoin. Of course it's helpful to have services like BitPay and Blockchain helping people use and transact Bitcoin. All of those companies are playing an important role in bringing Bitcoin to the masses, but I think it's possible to do better. I want to share a story about …

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