Decentralized Bitcoin Exchanges
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Decentralized Bitcoin Exchanges Become a Reality As Coinsigner Launches Revolutionary Scalable Dispute Mediation Service Aiming to Service Frustrated Bitcoin Traders New York, NY (PRWEB) September 19, 2013 Coinsigner to build the ultimate p2p software enabling decentralized bitcoin exchanges, hire sales force to bring mass adoption to bitcoin and launch crowdfunding campaign in bitcoins to reward investors with a piece of the pie.   Coinsigner, a new dispute resolution service allowing decentralized bitcoin exchanges (bitcoin to USD exchanges) and other trades, will be launching its new service two months after a successful fundraising campaign. The service is rewarding its funders with a myriad of goodies such as mastercoins, launch party invitations, free lifetime service, equity, voting rights and many others. The service aims to use the funds for further development and in hiring a sales force targeting NYC malls to spread the use of bitcoin to both retailers and customers. The launch date is set for December 14th 2013, while the campaign is hosted at Bitcoinstarter : a bitcoin only crowdfunding site.   “Our platform enables bitcoins trades privately and securely amongst traders in a decentralized way. All transactional data is shared only between traders and whomever they allow access.” said Oladapo Ajayi founder of Coinsigner. This has enabled Coinsigner to develop relationships with several credible bitcoin investors seeking access to more liquid markets available at the launch of the service. Coinsigner will integrate the Mastercoin protocol layer if its development proves successful.   READ THE FULL STORY

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DetroitCoin
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DetroitCoin: Bitcoin is the New Vehicle Currency; why we should make Detroit into a Bitcoin Hub Detroit can serve as a key for those looking to unlock the code of American economic history. Its unique keystone role in the economy, its sensitivity to Federal policy, and its saliency as a symbol make it the perfect tool for combustion analysis. The story goes back farther than most people realize. In 1913, Woodrow Wilson signed the Federal Reserve Act into law. The Act was a response to the Panic of 1907, an aftershock of the San Francisco Earthquake of 1906. It established the central bank of the United States with the goal of promoting economic growth & stability and thwarting systemic crises. Chicago won out over Detroit as one of the new system’s regional seats.   READ THE FULL STORY

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Bitcoin and Freedom of Speech
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Bitcoin and Freedom of Speech – Inside Bitcoins Panel Bitcoin allowed Wikileaks to continue to receive donations after an extralegal political blockade prevented supporters from sending money to the organization via MasterCard, Visa or PayPal. One reason WordPress accepts Bitcoin payments for its premium service is that many bloggers live in countries that the credit card networks and PayPal do not serve, often for political reasons. “Financial transactions are speech,” according to John Perry Barlow, whose Freedom of the Press Foundation calls Bitcoin a potentially “censorship-resistant currency.” This panel will explore how peer-to-peer currencies like Bitcoin (combined with other crypto tools like the anonymized Tor web browser or encrypted emails) can help journalists, publishers, whistleblowers and politically disfavored groups resist or circumvent authoritarian measures. We will also address the limitations of these privacy-enhancing technologies.   Continue to the POD cast

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2013 NYC Inside Bitcoins Conference
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2013 NYC Inside Bitcoins Conference: When Venture Capitalist Meets Bitcoin By: Elizabeth Ploshay | On 01, Aug 2013   Bitcoin Magazine was proud to serve as a sponsor for the 2013 Inside Bitcoins Conference in New York City on Tuesday, July 30 at the Hotel New Yorker. Mediabistro ran the conference and drew in several hundred Bitcoin Entrepreneurs and Venture Capitalists. Taking place in the financial and exchange hub of the world, creative minds came together on Tuesday to discuss the tremendous potential of Bitcoin and the continual shift to digital currencies.   23 year old BitInstant CEO, Charlie Shrem, opened up the morning to highlight that Bitcoin is, “cash with wings.” Schrem started BitInstant with an initial investment from his mother of 10,000 USD. Now Shrem has an opportunity to attract investors a bit farther away from home. Jaron Lukasiewicz, CEO of Coinsetter, followed to contrast the promise of Bitcoin with the challenges posed by the currently outdated financial regulatory structure. Read the FULL story.

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Why the Only Real Way to Buy Bitcoins Is on the Streets
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Why the Only Real Way to Buy Bitcoins Is on the Streets By Robert McMillan 07.23.13 6:30 AM On a damp Thursday night in July, a half-dozen men gather on the steps of San Francisco’s Yerba Buena Gardens, just across from St. Patrick Church on Mission Street. They dress down, mostly wearing the jeans and t-shirts uniform of Bay Area programmers. As the sun sets, they’re trading currency in the fog, selling silver and cash for Bitcoins and other crypto-currencies. Every now and then a new trader wanders by, asking, “Buttonwood?”   Welcome to the quickest, most private way to buy the internet’s most successful digital currency: in-person and face-to-face.   Buttonwood meetups started in New York a few months ago and fanned out to San Francisco and Los Angeles. Buttonwood is an allusion to the May 17, 1792 agreement, struck under a buttonwood tree at 68 Wall Street, that set down the rules for what became the New York Stock Exchange. The Yerba Buena Bitcoiners see themselves as the modern descendants of these 18th century traders. Like them, they conduct their business in the open and face-to-face.   READ THE FULL STORY

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Bitcoin Foundation Continues Legal Offensive
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Bitcoin Foundation Continues Legal Offensive With Request for Clarification on Liberty Reserve Vitalik Buterin | On 20, Jul 2013 The Bitcoin Foundation took a decisive turn in its strategy for defending Bitcoin three weeks ago when the organization wrote its reply to a cease and desist order from California’s Department of Financial Institutions. Rather than meekly asking the government how the nonprofit advocacy group was acting as a money transmitter, the organization delivered a seven-page reply in which it laid out an argument that not only was the organization itself not doing selling bitcoins in any way, but in fact even if the organization was selling bitcoins the act does not constitute money transmission under present California law. After making this argument, the Foundation went so far as to specifically “request that your office issue an opinion that, for the reasons explained above, the sale of a bitcoin is not regulated under the California Money Transmitter Act.” Now, Foundation legal counsel Patrick Murck has made his second move.   Two months ago, Liberty Reserve, an alternative payment processor known for its very weak know-your-customer policies, was shut down and its owners arrested by the United States government. In a press conference following the shutdown, FinCEN attorney Prret Bharara focused heavily on “anonymity” as a major reason behind Liberty Reserve’s shutdown, and weeks later a FinCEN Notice of Finding criticized the entire category of irreversible digital payment systems. “The fact that transactions are irrevocable, meaning that they cannot be reversed or […]

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The coming political battle over Bitcoin
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Given that Bitcoin first broke into mainstream attention when Gawker explained how to use it to buy drugs, perhaps the surprise is that it took federal regulators this long to take action against it. In the wake of the Gawker story two years ago, Sen. Chuck Schumer (D-N.Y.) described Bitcoin as an “online form of money laundering” and called for the authorities to shutter the Bitcoin-based drug market Silk Road. Yet until recently, the feds have taken a relatively hands-off posture. Agencies have issued guidelines and signaled that they are monitoring the situation, but none have taken active steps to force Bitcoin intermediaries to comply with federal regulations. That hands-off stance may have started to change this week when the feds took action against Mt. Gox, the world’s leading Bitcoin exchange. Many people use Dwolla, a PayPal-like payment network, to send dollars to their Mt. Gox accounts. They then use those dollars to buy Bitcoins. On Tuesday, Dwolla announced that it had frozen Mt. Gox’s account at the request of federal investigators. It’s the first federal action against the currency. CNet has confirmed that the asset seizure was initiated by Homeland Security Investigations, a division of Immigration and Customs Enforcement. Among other things, that agency has the power to enforce laws against money laundering and drug smuggling. Read the full article at the WashingtonPost.

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Confusion Around Bitcoin
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US Regulator’s Confusion Around Bitcoin Is Exactly Why No One Wants Them Involved May 9, 2013 Posted by phil In Businesses, Economics, News Tagged Bart Chilton – CFTC Commissioner Discussion around governmental regulation of bitcoin came to a furor over the last few days when one of the five commissioners of the US’s Commodity Futures Trading Commission (CFTC), Bart Chilton, commented on FT.com: “It’s not monopoly money we’re talking about here – real people can have real risk in these instruments, and we need to ensure that we protect markets and consumers, even in what at first blush appear to be ‘out there’ transactions.” The next day he stated on Bloomberg.tv: “In essence, we’re talking about a type of shadow currency, and there is more than a colorable argument to be made that derivative products relating to Bitcoin falls squarely in our jurisdiction.” To many people besides Mr. Chilton, bitcoin’s legal color is not as clear: bitcoin still lives in the grey area between a currency and a commodity; the derivatives market has been largely a non-factor; and the logistics of regulating an pseudo-anonymous currency seem insurmountable. Read the full article at TheGenesisBlock.

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World’s first Bitcoin ATM Unveiled in San Diego
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Bitcoin making financial headlines worldwide SAN DIEGO – The first ever Bitcoin ATM was unveiled Thursday, putting San Diego at the forefront of this new technology. BitcoinATM CEO Evan Rose, a San Diegan, said, “Basically allowing people to buy BTC with cash, cash BTC out right on the spot.” Bitcoin’s are not physical currency; they are digital currency that can be sent through the Internet without going through a bank or clearinghouse. It’s anonymous on the free market, and the financial world is watching this new way of exchanging currency closely. Bitcoin can be used to buy products online with merchants who accept them. “Bitcoin is inherently technical; it’s somewhat difficult to buy, it’s very difficult to exchange the coins for hard currency and the solution that we’ve come up with in the very familiar ATM platform accomplishes all three of those bottlenecks,” said Rose.   VIDEO: READ THE FULL STORY HERE

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