PLANES, TRAINS AND BITCOIN: UATP PARTNERSHIP MEANS AMTRAK AND 260 AIRLINES CAN NOW ACCEPT BITCOIN

By Gerrard Hartley

Through a critical partnership between UATP and Bitnet, 260 airlines along with Amtrak railways can incorporate bitcoin payments on their platforms.

In a press release, UATP president and CEO Ralph Kaiser expressed excitement for the ground-breaking travel partnership, showing immense support for Bitnet.

“We are very happy to be partnering with Bitnet to add bitcoin to our payment platform. We are always looking for skilled partners to bring additional forms of payment to the UATP processing platform and Bitnet fits the bill well.”

UATP, also known as Universal Air Travel Plan, decided that bitcoin integration was an important venture, so they teamed up with Bitnet and announced the implications today. UATP is a payment processor that’s privately-owned by airlines themselves.

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Op-Ed | Bitcoin is Good Money

By NICK TOMAINO

If you acknowledge that money is simply a language to communicate value, you quickly realise that bitcoin stacks up well, argues Nick Tomaino.

SAN FRANCISCO, United States — Money is generally misunderstood, which contributes to the confusion about bitcoin as a digital currency. If you acknowledge that money is simply a language to communicate value and you evaluate bitcoin objectively on the six important characteristics of money that are taught in a basic economics course, you quickly realise that bitcoin stacks up well against any form of money that has ever existed.

The Six Characteristics of Money

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4 Lessons to Learn From Ross Ulbricht's Trial (Op-Ed)

By Amanda B. Johnson

Ross Ulbricht – the man who 12 strangers recently deemed to be rightful property of the state – is set to spend the rest of his otherwise productive life in a cage. But if you're interested in the future of cryptocurrency, whether or not Ross really ran the successful Silk Road website is beside the point.

Whatever you think about the victimless act of buying or selling “illicit” plants, consider the following:

1. Cryptocurrencies will do best where states are poor. Imagine for a moment how much the Ulbricht and Silk Road persecution cost the state in America.

Imagine how many state employees like Jared Deryeghiayan collected fat salaries – for years – to infiltrate the site's administrative operations. To track down and seize the servers on the other side of the world.

Imagine the manpower, computer power, caging facilities and weaponry used to carry out the capture and year-long caging of Ulbricht. Imagine the cost of the jail guards, state-employed hackers, judges, lawyers, prosecutors, police, and paper pushers. The “press” releases. The “evidence” collection and archival.

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Bitclub Network Presentation Jan 2015

Latest information on Bitclub Network and Virtual Currencies.

The Principles Behind Bitcoin.  What is Bitcoin?  Does Bitcoin Have Value?   How Does Bitcoin Work?  Is Bitcoin Safe?  What is Bitcoin Mining?  What are Mining Pools? What is Bitclub Network? 

Stay up to date with virtual currencies.  They are The Future of Money.  

NYC Wants Drivers to Pay For Parking Tickets Via Apple Pay, Mobile Apps and Bitcoin

By GEOFF WEISS

New York City is weighing new legislation that would enable drivers to instantaneously pay for parking tickets via Apple Pay, mobile apps and even Bitcoin.

The city collects roughly $600 million from 10 million parking tickets annually, according to MarketWatch. However, the current payment system is rather outdated: offenders can only pay online, through the mail or in person at the courthouse. And if they don’t pay on time, late fees begin to accrue. This, along with a 2.5 percent credit and debit card fee, could change with the use of mobile apps and cryptocurrencies.

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Is Bitcoin a Ponzi Scheme?

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money, or the money paid by subsequent investors, instead of from profit earned by the individuals running the business. Ponzi schemes are designed to collapse at the expense of the last investors when there is not enough new participants.

Bitcoin is a free software project with no central authority. Consequently, no one is in a position to make fraudulent representations about investment returns. Like other major currencies such as gold, United States dollar, euro, yen, etc. there is no guaranteed purchasing power and the exchange rate floats freely. This leads to volatility where owners of bitcoins can unpredictably make or lose money. Beyond speculation, Bitcoin is also a payment system with useful and competitive attributes that are being used by thousands of users and businesses.

Can a Person Double Spend their Bitcoins?

Watch the short video to find out.

Bitcoin Firm Enables Remittance Withdrawals at 450 Philippine Bank ATMs

By Jon Southurst (@southtopia)

Philippine bitcoin exchange and remittance service Coins.ph has added an 'instant' remittance' service to its list of options, allowing recipients to withdraw sent funds directly from a bank ATM.

Using the company's mobile app, customers anywhere in the world can deposit cash via a bitcoin ATM and have a friend or relative collect it instantly from a bank machine. Money can also be sent directly from bitcoin balances in Coins.ph web wallets.

To make this possible, Coins.ph has integrated with the eGiveCash service operated by the Philippines' Security Bank. Anyone receiving money via this service can withdraw cash from one of bank's network of 450 ATMs countrywide, without the need for an ATM card or a bank account.

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Canadians Can Now Pay their Credit Cards Bills with Bitcoins

By Diana Ngo

Canadian startup YesToBitcoins.com announces a new service that allows local users to pay their credit cards bills using the digital currency.

"The idea came from asking, why can't I use bitcoins to pay my credit card bill?" explained YesToBitcoins.com's founder Darwin Ramon.

"The technology is already here, so why do I have to wait until the banks catch up?"

According to a company's release, Canadian residents are now given the ability to pay all Canadian credit cards, including 4 types of American Express cards, 23 MasterCards and 33 different VISA credit cards, with bitcoins. Bitcoin payments are processed by BitPay, and the credit card payment itself is done from PC Financial Bank, reads the announcement. 

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Bitcoins (digital currency) is the Future of Money.  Use Bitclub Network to get to your destination.  Watch the full video to get all the information.

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‘Every Time You Use Bitcoin, You Undermine Violence’ — Roger Ver on War Funding

Roger Ver, Bitcoin multimillionaire and peace advocate, is no stranger to violence.

He called out the state organization of the Bureau of Alcohol Tobacco & Firearms (ATF) for being murderers (à la Waco), and then he found himself the target of ATF-backed persecution. He spent ten months in a cage in California. Ver moved to Japan the day his parole ended and has lived there ever since.

Ver is a well-known donor and angel investor, and he’s currently offering to match up to US$20,000 in donated bitcoins to Antiwar.com. CoinTelegraph saw this as the perfect occasion to ask him more about his beliefs on Bitcoin and peace.

CoinTelegraph: Why do you think war happens?

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Free bitcoin for students: how will they spend it?

WHAT happens when you hand college students free cash? That's the question behind an experiment playing out in Cambridge, Massachusetts. Starting this month, $100 worth of bitcoins are being given to students at the Massachusetts Institute of Technology.

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How Does Bitcoin Mining Work?

In traditional fiat money systems, governments simply print more money when they need to. But in bitcoin, money isn’t printed at all – it is discovered. Computers around the world ‘mine’ for coins by competing with each other.

How does bitcoin mining actually happen?  Click here to read the full article

What are Bitcoin Miners?

1. Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place.

UMD Sponsoring Free, Online Class in Cryptography

 UMD Sponsoring Free, Online Class in Cryptography. --

The University of Maryland at College Park, which is tied for #15 in computer science with Columbia and UC San Diego (source: US News & World Report 2014 college rankings), has partnered with Coursera to offer a legitimate, free class in cryptography. Taught by Professor Jonathan Katz – not to be confused with Slashdot contributor […]

The post UMD Sponsoring Free, Online Class in Cryptography appeared first on CryptoCoinsNews.

--(Published @ November 27, 2014 at 11:16AM by www.bitcoins.amInstant Real-time Bitcoin News Aggregation Source- From: )‪#‎bitcoinnews‬

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Ferguson Public Library Embraces Bitcoin Donations Amid Unrest

The library is one of the only businesses still open in #Ferguson, and it's now accepting bitcoin donations.

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NEWEGG BITCOIN ONLY DEALS TO LOOK FOR ON BITCOIN BLACK FRIDAY

Newegg Bitcoin Only Deals to Look For On Bitcoin Black Friday. --

Newegg is celebrating Bitcoin Black Friday with special Newegg Bitcoin only deals which highlight Bitcoin’s superiority as a medium of exchange. Since starting to accept Bitcoin in the summer of 2014, Newegg has quickly warmed up to the Bitcoin community. Back in July, Newegg offered 10% off to users paying in Bitcoin for an entire […]

The post Newegg Bitcoin Only Deals to Look For On Bitcoin Black Friday appeared first on CryptoCoinsNews.

--(Published @ November 26, 2014 at 09:13PM by www.bitcoins.amInstant Real-time Bitcoin News Aggregation Source- From: ) ‪#‎bitcoinnews‬

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AMERICAN RED CROSS TO ACCEPT BITCOIN DONATIONS THROUGH BITPAY

As Black Friday and Bitcoin Black Friday get closer, shoppers around the world can’t wait to score amazing deals this holiday season. However, the holiday season isn’t just about spending, but also about giving back to the community. And now, starting this Friday, with the support of BitPay, consumers will be able to make bitcoin donations […]

The post American Red Cross to Accept Bitcoin Donations Through BitPay appeared first on CryptoCoinsNews.

--(Published @ November 26, 2014 at 04:50PM by www.bitcoins.am Instant Real-time Bitcoin News Aggregation Source- From: ) ‪#‎bitcoinnews

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What is Bitcoin Mining?

Mining is the backbone that allows Bitcoin to function. New Bitcoins are created as a reward for miners who secure & record payments in the blockchain.

How can You buy and sell Bitcoin?

There are many ways you can do this. Once you have a wallet set up you can purchase Bitcoin at the spot price offered. 

Most wallets allow you to send a bank wire, use credit cards or even cash. You will see ATM networks springing up and many other ways for you to buy. You can also easily sell Bitcoin from these wallets, its a very liquid market that trades on a daily basis.