Jacob Elbaum

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Calculating The Long-Term Value Of A Bitcoin

<b>Editor’s note:</b> <i>Joshua Seims is an angel investor and entrepreneur based in San Francisco. He is currently building a company that provides secure storage of bitcoins. Follow him on Twitter @jseims.</i><p>A big question that’s debated in the Bitcoin community is “How much will Bitcoins be worth in the long …

Bitcoin fuels Africa's banking revolution

Bitcoin has landed in Kenya. The online currency that was, until recently, the preserve of tech entrepreneurs and only the most pioneering …

Africa

Why Bitcoin Will Never Be a Currency—in 2 Charts

Bitcoin could be Paypal 2.0, but it will never be the dollar 2.0. Not when prices would have had to fall 98.5 percent the past year if they'd been set in terms of Bitcoin.<p>Reuters<p>Falling prices sound like a good thing, but they're not.<p>When prices fall, people put off buying things. And when people …

Most Americans don’t know what bitcoin is, and that’s good news for speculators

Bloomberg surveyed a bunch of Americans and discovered that only 42% could correctly identify what bitcoin is. A small minority (12%) thought bitcoin was either an Xbox game or an iPhone app. (Scroll to the bottom of this Bloomberg page for an unintentionally hilarious pie chart depicting the …

Boston University

Dark money: only 35 Bitcoin dealers are compliant with US law

Nine months after the law came down, most Bitcoin companies go unregistered<p>Earlier this week, a Bitcoin user in Pennsylvania reportedly received a letter from his bank, Firstrust Bank, asking him to stop sending money to Coinbase, a popular wallet for storing the virtual currency.<p>"We respectfully …

You Can Now Buy Victoria's Secret Lingerie With Bitcoins

And now, you can use bitcoin to buy Victoria's Secret lingerie via a gift card from Gyft, the app that replaces physical gift cards.<p>The Gyft app is an interesting take on gift cards because it does a couple of cool things. It lets you buy gift cards from about 200 retailers using conventional …

Bitcoin

How to steal Bitcoin in three easy steps

Earlier this month, someone pulled off the largest heist in the history of Bitcoin, the virtual currency that approximates cash on the internet. The illegal drug bazaar Sheep Marketplace was plundered, either by hackers or insiders, and about $100 million worth of the currency was stolen from …

Coinbase Launches Point of Sale App for Bitcoin Payments

Coinbase, the Bitcoin digital wallet service that recently raised a hefty $25 million, is upping its focus on merchants after it released its first standalone point-of-sale app to allow retailers to accept payment via Bitcoin on a mobile device (assuming recent price drops haven’t discouraged them.)<p>…