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Cryptocurrency

Bitstamp Opens Gold Buying Service to European Customers

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Source: CoinDesk.com

Bitcoin exchange Bitstamp has partnered with precious metal traders Moro & Kunst to provide its customers with the option to purchase gold using US dollars.

The service is being advertised as a withdrawal option for exchange users, as Bitstamp users can purchase gold directly from the firm's website (see image below), choosing from bars ranging between 1–1000 grammes.

After ordering, gold shipments are labelled with a certified tracking number and expedited delivery in two to five days, according to the company.

On Bitstamp's website, gold prices are quoted in US dollars and updated every five minutes.

Bitstamp gold bars

"We want to introduce a bitcoin/gold trading pair and this is first step in doing so. We think that clients that are long in bitcoin would prefer to take advantage on bitcoin's volatility if they trade it against alternative store of value – gold," said Nejc Kodrič, Bitstamp's CEO.

The firm told CoinDesk it plans to expand the service soon, potentially offering gold storage at Moro & Kunst's vaults in Vienna or Ljubljana, and eventually introducing direct convertibility of gold and bitcoin.

Notably, similar services ran into problems in the US last year, with the Financial Crimes Enforcement Network (FinCEN) having ruled that tokenising commodities such as precious metals classes a business as a money transmitting business (MTB). This places extra regulatory and licencing requirements on a business, as well as costs.

However, Bitstamp told CoinDesk that the gold-buying service is only available currently in the EU, adding that all 28 member countries are covered, including the UK.

Gold image via Shutterstock
 

Source: CoinDesk.com

 

OpenBazaar: A Free and Open Marketplace for the Digital Age

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Join the world on a mission of freedom.

Freedom to purchase, sell, and trade.

 

 

OpenBazaar is a decentralized platform for online trade, using Bitcoin. No middleman to censor your trade or take a cut; you can use OpenBazaar to exchange directly with anyone on the internet.

Visit http://www.OpenBazaar.org to find links to our forum and other information.

Check out our Github at http://www.github.com/OpenBazaar/Open....

We need developers to continue building this platform, please contact our team at This e-mail address is being protected from spambots. You need JavaScript enabled to view it if you want to help out, or feel free to submit pull requests.

You can donate Bitcoin to 16uniUFpbhrAxAWMZ9qEkcT9Wf34ETB4Tt.

Animation produced by Steve Patterson ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it ).

Music is "AstroSteps - Paradise" by Christian Enmon. https://soundcloud.com/astro-steps/as...

Read more...
 

(Audiobook) The Original Bitcoin White Paper by Satoshi Nakamoto

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Download the original whitepaper here. http://bitcoin.org/bitcoin.pdf

From wikipedia....
In November 2008, a paper was posted on the internet under the name Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System. This paper detailed methods of using a peer-to-peer network to generate what was described as "a system for electronic transactions without relying on trust". In January 2009, the Bitcoin network came into existence with the release of the first open source Bitcoin client and the issuance of the first bitcoins, with Satoshi Nakamoto mining the first block of bitcoins ever (known as the "genesis block"), which had a reward of 50 bitcoins. The value of the first bitcoin transactions were negotiated by individuals on the bitcointalk forums with one notable transaction involving a 10,000 BTC pizza.

"Satoshi Nakamoto" is a pseudonym for the unknown person or people who designed the original Bitcoin protocol in 2008 and launched the network in 2009. Nakamoto was responsible for creating the majority of the official Bitcoin software and was active in making modifications and posting technical information on the BitcoinTalk Forum.[73]

 

Bitcoin: The End of Money As We Know It (Trailer)

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AVAILABLE NOW: https://vimeo.com/ondemand/bitcoin

Documentary, 60 minutes, Release: July 2015.
fb: https://www.facebook.com/bitcointheen...
Twitter: @TheEndOfMoney
imdb: http://www.imdb.com/title/tt4654844/
Bitcoin: The End Of Money As We Know It traces the history of money from the ancient world to the trading floors of Wall St. The documentary exposes the practices of central banks and the dubious financial actors who brought the world to its knees in the last crisis. It highlights the Government influence on the money creation process and how it causes inflation. Moreover, this film explains how most money we use today is created out of thin air by banks when they create debt. Epic in scope, this film examines the patterns of technological innovation and questions everything you thought you knew about money. Is Bitcoin an alternative to national currencies backed by debt? Will Bitcoin and cryptocurrency spark a revolution in how we use money peer to peer? Is it a gift to criminals? Or is it the next bubble waiting to burst?
If you trust in your money just as it is... this film has news for you.

 

Wences Casares: The Bitcoin-Obsessed Serial Entrepreneur

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Wences Casares

Source: www.coindesk.com

Wences Casares, founder of bitcoin security company Xapo and serial entrepreneur is "obsessed" with bitcoin.

"I truly believe that it may change the world more than the Internet did. I truly believe that [because of the] 4 billion people who live on cash today. It is the biggest step forward in the democratisation of money we've ever seen," he told CoinDesk.

Widely referred to as the digital currency's "patient zero" – a term coined by LinkedIn co-founder Reid Hoffman – the entrepreneur is credited with spreading the word about the digital currency throughout Silicon Valley and reticent financiers on Wall Street. A mission which, he said, has drawn laughter from skeptics. "Bitcoin sounds a little like science fiction at first."

It seems Casares is used to dealing with technology skeptics. Hailed with launching Argentina's first Internet service provider (ISP), he recalls speaking to the CEO of Telefonica – a Spanish telecommunications giant – about the Internet in the early 1990s, urging the executive to pay attention to the emerging revolutionary technology to little avail.

Although the comparison between the Internet and bitcoin is not new, Casares regurgitates it convincingly, drawing on his own personal experience:

"Bitcoin is exactly the same thing, but for money. It moves money from anywhere to anywhere, in real-time, for free and no one controls it and no one can stop it." Read More

 


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