for life and liberty

News junkie’s open-source project links Bitcoin with publishers

"Charging one-off fees for news stories is a hassle: users don't want to create an account and enter their credit card details for a single news story. It's easier just to move on. Bitmonet leverages Bitcoin's strength as a digital substitute for cash. In a demonstration on Bitmonet's website, clicking on a story brings up a pop-up window offering a news story for US$0.10, a one-hour pass for $0.15 or a day-long pass for $0.20. The one-hour pass costs 0.0012 of a Bitcoin. Clicking the 'Pay with Bitcoin' button launches Bitcoin wallet software on a person's computer. The transaction is painless: users don't have to enter their financial details or create an account with the publisher." Continue reading →

Continue ReadingNews junkie’s open-source project links Bitcoin with publishers

News junkie’s open-source project links Bitcoin with publishers

"Charging one-off fees for news stories is a hassle: users don't want to create an account and enter their credit card details for a single news story. It's easier just to move on. Bitmonet leverages Bitcoin's strength as a digital substitute for cash. In a demonstration on Bitmonet's website, clicking on a story brings up a pop-up window offering a news story for US$0.10, a one-hour pass for $0.15 or a day-long pass for $0.20. The one-hour pass costs 0.0012 of a Bitcoin. Clicking the 'Pay with Bitcoin' button launches Bitcoin wallet software on a person's computer. The transaction is painless: users don't have to enter their financial details or create an account with the publisher." Continue reading →

Continue ReadingNews junkie’s open-source project links Bitcoin with publishers

11 Hotels and hostels that accept Bitcoin

"It’s summer time (well, at least in the northern hemisphere) and people want to travel, Bitcoiners included. So we decided to gather information about some hotels and hostels where your Bitcoin wallet will serve as a moneybag. After a long day’s journey, here’s a list places where you can relax for a few virtual coins." Continue reading →

Continue Reading11 Hotels and hostels that accept Bitcoin

11 Hotels and hostels that accept Bitcoin

"It’s summer time (well, at least in the northern hemisphere) and people want to travel, Bitcoiners included. So we decided to gather information about some hotels and hostels where your Bitcoin wallet will serve as a moneybag. After a long day’s journey, here’s a list places where you can relax for a few virtual coins." Continue reading →

Continue Reading11 Hotels and hostels that accept Bitcoin

11 Hotels and hostels that accept Bitcoin

"It’s summer time (well, at least in the northern hemisphere) and people want to travel, Bitcoiners included. So we decided to gather information about some hotels and hostels where your Bitcoin wallet will serve as a moneybag. After a long day’s journey, here’s a list places where you can relax for a few virtual coins." Continue reading →

Continue Reading11 Hotels and hostels that accept Bitcoin

11 Hotels and hostels that accept Bitcoin

"It’s summer time (well, at least in the northern hemisphere) and people want to travel, Bitcoiners included. So we decided to gather information about some hotels and hostels where your Bitcoin wallet will serve as a moneybag. After a long day’s journey, here’s a list places where you can relax for a few virtual coins." Continue reading →

Continue Reading11 Hotels and hostels that accept Bitcoin

Bitcoin Has Been On A Huge Tear Lately

"It hasn't gotten that much attention, as the world's Bitcoin fascination has faded since this spring. BUT: Worth pointing out that the actual price of Bitcoins has been on a major tear again lately, as it presses up near $150. This is despite increasing oversight and subpoenas from regulators, and all kinds of pronouncements about Bitcoin's death." Continue reading →

Continue ReadingBitcoin Has Been On A Huge Tear Lately

Swiss banks to divulge names of US account holders, pay billions in fines

"About a hundred Swiss banks will avoid prosecution by divulging the names of US clients who have allegedly avoided tax by using secret accounts. The banks could face fines of up to 50 percent of the asset value if they provide full disclosure. Under the deal, each bank will set its own non-prosecution or deferred-prosecution agreement with the US authorities. The fines are set to reach up to 50 percent of the aggregate value of any undeclared accounts held by wealthy Americans, depending on the time the accounts were opened. Swiss banks will have to assess the cost of potential penalties versus the risk of US prosecution." Continue reading →

Continue ReadingSwiss banks to divulge names of US account holders, pay billions in fines

Immovable law collides with unstoppable Bitcoin casinos

"It looks like the immovable law of the land may have finally met its match, up against Bitcoin, the encrypted, nationless, currency that disrupts every industry it touches. And now that Bitcoin casinos have had their first major acquisition, an $11.5 million deal, no industry better embodies the unstoppable nature of Bitcoin than gaming. 'The most interesting thing about Bitcoin is how it almost seems tailor made for Internet gaming,' said Stuart Hoegner, managing director of the Gaming Counsel, a law firm representing gaming interests in both the United States and Canada. Specifically he cited low transaction fees, quick deposit-to-play ability, and the lack of chargebacks." Continue reading →

Continue ReadingImmovable law collides with unstoppable Bitcoin casinos

Kenya: Are Bitcoins the Future of Mobile Money?

"Ever since Safaricom, Kenya's largest mobile-network operator, launched the mobile-payment system M-Pesa in 2007, some two-thirds of Kenya's adult population have subscribed, and an astonishing 31% of the country's GDP is now spent through mobile phones. Kenya has been at the forefront of popular technological innovation for the past 5 years, and now there are indications that the country could usher in a new era of mobile banking. On 1 July, a company called Kipochi launched a new 'digital wallet' service that allows Kenyans to not only send and receive money domestically but, using the online peer-to-peer currency Bitcoins, transfer it internationally." Continue reading →

Continue ReadingKenya: Are Bitcoins the Future of Mobile Money?