Category Archives: global

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Video: Life On Bitcoin Newlywed Couple Hits The Road

Video: Life On Bitcoin Newlywed Couple Hits The Road:

Beccy and Austin Craig (@LifeOnBitcoin) have been filming their lives for the first three months of their marriage while they live on Bitcoin for a documentary.  Provo Utah’s KSL5 TV news reporter Jed Boal (@JedBoal) interviews them.  Excerpts:

“The Craigs will test the principal of currency when they begin roadtripping across the county Saturday. ”I am nervous about food,’ Beccy said. ‘As soon as we leave Utah County, we are starting over, we don’t have food.’”

“During their travel, the Craigs expect to discover more businesses using Bitcoin, and they’ll continue to negotiate with those that don’t. When they return home, the Craigs plan to end their experiment of living only on bitcoins.  ’I am super excited to go back to good old American currency, just for its convenience,’ Beccy said. But, the Craigs said they believe in Bitcoin and plan to make it part of their financial future.”

 – http://bit.ly/GKMxqr
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Alec Ross and Jonathan Luff – Why Bitcoin Is On The Money

Alec Ross and Jonathan Luff – Why Bitcoin Is On The Money:

The Telegraph (UK) published an essay by Alec Ross (@AlecJRoss) and Jonathan Luff (@JILuff) on the geopolitics of Bitcoin.  Excerpts:

“An interesting advert appeared in a handbook accompanying [last week’s G8 meeting], placed by a company that was until recently known only to a small number of technology entrepreneurs and early adopters. The advertiser was Mt Gox.”

“Alternative currencies are, of course, nothing new. Many Londoners carry an Oyster Card, which they load with traditional currency and then exchange for travel.”

“In the developing world, value transfer via SMS is already replacing cash. With virtual currencies like BitCoin now operable without the need for a bank account, why would you open one?”

“The rise of digital currencies like BitCoin threatens to render obsolete even the modest progress made by the G8. BitCoin’s distributed network structure makes it hard for any one country or group of countries to regulate its activities.”

“Unless the issues that BitCoin raises are addressed in a thoughtful and proactive manner by existing authorities, the disintermediating power of technology is likely to have a disruptive impact on currency systems and those that regulate and rely on them.”

 – http://bit.ly/145sz0P
 – http://bitcointalk.org/index.php?topic=242385.0

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