Thursday, July 30, 2015

The Myth of Legal Tender Has Been Shattered

Thursday, July 30, 2015

London Speaker Bureau - SPEAKGLOBAL Issue 5 (article appears on page 14):

Saturday, July 25, 2015

Cubits Welcomes Jon Matonis on Board of Directors

Inside Bitcoins
Saturday, July 25, 2015

Cubits, known as “Europe's Gateway to Bitcoin”, is a company that offers instantaneous exchange of Bitcoin as well as the storing of Bitcoin through their wallet. With a 3-step process to purchase Bitcoin for new users, and with global availability (excluding the USA) through the 17 accepted currencies, Cubits is arguably one of the easiest methods to buy Bitcoin in and even outside of Europe.

That demand for Bitcoin is growing too. With tensions and uncertainty growing in the situation surrounding the Euro, more people are looking to alternative currencies like Bitcoin.
"We have seen tremendous growth in recent months that we attribute to continuing unease in the Eurozone. People are clearly searching for alternative ways to achieve some control over their funds and Cubits is meeting their needs” Tim Rehder, CEO, Cubits."
Cubits has recently adjusted their focus onto servicing the consumer market throughout Europe, which is supported by the fast verification provided by their new interface. Along with the website face-lift, Cubits has welcomed aboard Jon Matonis to its board of directors.

Jon Matonis, known most for his experience from being the executive direction of the Bitcoin Foundation, has also gained knowledge in both traditional and alternative financial industries due to his past positions at places like Sumitomo Bank, VeriSign, as well as being the CEO of Hushmail and the Chief Forex Trader at VISA. Julian Mautner, Founder of Cubits said:
“We are thrilled to welcome Jon Matonis to our board at this time of extraordinary growth. We share a vision for the future of blockchain-based financial industries and Jon’s experience and insight will be invaluable to the success of our team.”
Jon Matonis said, “Cubits was a simple choice for me. Their team has a proven track record with the right model to scale quickly in the current Bitcoin environment”.

Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with Cubits and is not responsible for its products and/or services.

Wednesday, July 15, 2015

Bitcoin Is Sedition

By Justus Ranvier
Wednesday, June 11, 2014

The Reaction

Ever since the venture capital scene started talking about Bitcoin back in 2013, one of the most frequently cited comments from them is that Bitcoin is interesting for the technology, not the currency. In fact, this  mantra has become so common that it almost sounds… scripted.

The Problem

What’s going on here?

Apparently millions of Bitcoin users around the globe never got the word that Bitcoin isn’t interesting as a currency.   If Bitcoin wasn’t interesting as a currency, then why would the banking system need to go to such lengths to slow down the capital flight from the Dollar to Bitcoin by enacting restrictive Choke Point restrictions on both regular businesses and P2P trading?

The answer lies with the fate of the US Dollar. All government currencies have a finite life cycle, with an average lifespan of 27 years.  The USD has lasted longer than most, but it will not be an exception. However, whether you’re talking about the Weimar Germany, or Argentina, or the USSR, or the USA, the death of a currency follows an known script. The most important part of this script is that the connected elites get out first and leave the rest of the population to be the bagholders.

The problem with Bitcoin is that goes off-script. The hoi polloi got into Bitcoin before the elites got into it, and Bitcoin contains none of the mechanisms via which they normally arbitrarily inflate the currency to enrich themselves. This is a problem if you’re part of the modern financial aristocracy. Something Must Be Done.