People Use It, Bitcoin Has Intrinsic Value
Professor Susan Athey: ‘If People Use It, Bitcoin Has Intrinsic Value’
Susan Athey is a senior fellow at the Stanford Institute for Economics Policy Research, specializing in auction-based marketplaces and the economics of the Internet. She is also an advisor at Ripple Labs and serves as Microsoft’s Chief Economist. Athey brought an independent academic perspective to discussions atCoinSummit San Francisco last week, using her expertise and research to assess the technology’…
Bitcoin is not just digital currency. It's Napster for finance.
In the next year, Bitcoin will start its transformation from a mere currency into an entire open-source, decentralized exchange for everything from futures contracts to car rentals.FORTUNE -- In 2013, bitcoin's valuation didn't just skyrocket, but its infrastructure, services, and adoption exploded as well, culminating in recent announcements that major online retailer Overstock.com and NBA team the Sacramento Kings would accept the digital currency as payment. Some…
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Why the NYC Bitcoin Center Matters
Spontaneous trading erupted last week on New Year's Eve, the official launch of the NYC Bitcoin Center. Hundreds of eager cryptocurrency enthusiasts gathered to usher in the New Year and celebrate the grand opening of the center, the first of its kind in the world. Keynote speaker Congressman Steve Stockman (R-TX) shocked the crowd by taping a QR-code to his suit, accepting Bitcoin donations for his 2014 Senate campaign, the first U.S. Senate candidate to officially embr…
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Bitcoin ATMs are coming
Bitcoin ATM
Josh Harvey, co-founder of Lamassu, showed off the first bitcoin dispenser at last week’s Consumer Electronics Show and has found quite a bit of interest for the $5,000 machines. The machine, designed and manufactured in Portugal, looks like a typical deli ATM — but functions more like a vending machine. You put in US dollars and receive bitcoins back on your phone.
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