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The Bitcoin Mining IPO Didn’t Go So Well

February 3, 2016
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Bitcoin Mining

Much ado about nothing? Despite the long drawn endeavor, the world’s first bitcoin mining IPO was lackluster. Australia’s The Bitcoin Group, a bitcoin mining company raised $4.2 million (5.9 million Australian dollars) falling short of the targeted $14 million (20 million Australian dollars) The Melbourne-based company was founded in September 2014 with plans to pursue […]

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Bet On the Iowa Caucus and Political Primaries With Bitcoins

January 31, 2016
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bitcoin

I’m often asked if bitcoin still has a future or if it’s dead. As someone who has mined bitcoins, made purchases with them, sold advertising space with them, traded them, and contributed to political campaigns with them, I feel pretty confident that bitcoins are here to stay. While the system isn’t as anonymous as some […]

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Rand Paul Speaks at Bitcoin Event

April 20, 2015
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Yesterday, Senator Rand Paul spoke at a private Bitcoin event produced by Blockchain Technologies Corp in Midtown Manhattan. It was a gathering of monetary technophiles dressed in their Sunday best. Paul’s main reason for supporting the Bitcoin movement/technology/currency was the ability to bypass the expensive fees tacked on by credit and debit card issuers. A […]

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Rand Paul Accepts Bitcoin

April 7, 2015
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Bitcoin’s got a real fan! Senator Rand Paul is now accepting bitcoin as one way to attract donations for his presidential campaign. And regardless of whether or not you agree with his views, I did at the very least make a donation on the basis that I am a believer in bitcoin. Donating to Paul’s […]

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BitPay Right at Home at Transact ’15

April 3, 2015
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bitpay gallippi

BitPay has a knack for flair. They sponsored a college bowl game known as The Bitcoin Bowl in St. Petersburg as well as a driver in the NASCAR Camping World Truck Series race. BitPay is bitcoin, but all grown up. As a member of the ETA and with a business model similar to just about […]

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deBanked Inks Deal with Lenders Marketing in Bitcoin

March 10, 2015
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Bitcoin deBanked

deBanked has inked an advertising deal with Lenders Marketing, a company that provides trigger leads to the business financing industry. The deal is significant because it was priced in Bitcoin, not dollars. “Bitcoin’s value against the dollar is volatile,” said deBanked’s Sean Murray. “But 1 BTC today is still equal to 1 BTC tomorrow.” deBanked […]

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Federal Government Selling Bitcoins

February 18, 2015
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If the webpage didn’t say www.usmarshals.gov in the address bar, it’d look like a poorly disguised scam. The page, which looks like it came out of the 1990s (no SSL either for a government website?) is offering 50,000 bitcoins for sale, an amount worth $11.8 million at current market prices. This sealed bid auction is […]

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A Bitcoin Moment

February 1, 2015
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I had a moment recently. It was late at night and I was ready to hit the hay. “Oh wait, there’s something I need to get out of the way,” I told myself. I had kept delaying the purchase of a new printer cord to replace the one I mangled. It was time to end […]

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ACH is the Annoying Little Thing We Can’t Live Without

January 19, 2015
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A few months ago I paid an invoice via ACH. The vendor was used to getting paid by check and didn’t accept credit cards. When I mentioned the funds would be paid overnight, they got excited but were suspicious. Would there be a fee to receive the money like a Fed wire might? “Nonsense,” I […]

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Confessions of a Bitcoin Miner

December 18, 2014
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bitcoin mine

If you’re even vaguely familiar with Bitcoin, you’ve probably heard that you can mine them. It’s one of Bitcoin’s most unfortunate pieces of jargon because it sounds like a scam. We can’t mine U.S. Dollars so there’s no frame of reference for what enthusiasts are talking about. We can mine gold and silver of course, […]

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