OUTSOURCE WITH BITCOIN USING BITLANCERR

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The Internet has, since its inception, been a boon for firms which offer digital services like web and graphic design, but often in the midst of a larger goal, producers only need some small part of a project completed by those with expert hands. Hiring out such work to large firms can be costly, and once you’ve committed that part of your budget, you can’t try again with someone else without going over budget. In 2010, Fiverr launched with a simple strategy: pay only $5 for what people would be willing to do for $5. It turned out that college students, people with other streams of income, and those in less expensive economies would be willing to do a lot for $5. Personally, I was able to start a transcription business with clients I garnered through Fiverr, long before their system perfected the art of disallowing outside contact. Between the end of 2010 and the end of 2011, I made a fair amount of money, largely with referrals from the original clients I sneaked away from Fiverr. Why did I want to sneak them away from Fiverr? Well, the 20% Fiverr tax, of course! In more recent times, I’ve been …

Block Chain Summit Responds to Backlash Over Private Island Bash

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  Boasting an exotic location and the apparent blessing of billionaire Richard Branson, the Block Chain Summit has emerged as one of the most discussed events in the digital currency community in recent months. To be held from 25th to 28th May on Branson’s private Necker Island, little has been known about the conference apart from its available guest list, a factor that has led to speculation as to what the event would seek to achieve since it was first revealed by CoinDesk. In a new interview, however, Valery Vavilov, CEO of leading event sponsor BitFury and venture capitalist Bill Tai shed new light on the gathering, opening up about its planned schedule and responding to criticism that it is perpetuating negative industry stereotypes. Tai, who has previously invested in BitFury, sought to dismiss these criticisms, suggesting that the Block Chain Summit first and foremost will seek to attract attention to how decentralized ledger systems might positively impact the world. Positioning this as a contrast to past conferences, Tai told CoinDesk: “This is not a conference that’s about the pure technology and it’s not a gathering to try to disrupt governments and banks and mess with people’s currency systems. We …

Steve Wozniak Joins Kiosk ATM Parent Company

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  The Planet Capital financial services company has announced that Steve Wozniak, famous co-founder of Apple, will join their roster of employees as a consultant and part of their Board of Directors. Planet Capital are the manufacturers of the “Kiosk” ATMS that include crypto currency exchange functionality. The announcement was made on April 30 through a barebons press release on their website, which simply mentioned him on the title “Apple Co-founder, Steve Wozniak joins Planet Capital Board”, but didn’t elaborate on the particular and simply read: Planet Capital, FinTech innovator and developer of multi-function Next Gen ATM Kiosks, announced its launch into the burgeoning self service payments space this week. Chairman, Lee Caplin is Co-Founder of Penske Media, owner of Variety Magazine and the entrepreneur responsible for creating the first military grade encryption for civilian telephones. Planet’s CTO, Dan Sokol, along with Caplin made a joint statement, saying that “Planet’s strategy is to deploy kiosks free of charge, removing the ‘pay wall’ and common financial barriers for many merchants desiring to install service-ready, multi-function ATM’s to meet their clients growing financial, digital and virtual needs within this fast-moving economy.” Caplin referred to Planet’s strategic team, saying that “My brain trust consists …

Did Bitcoin Create more Jobs than the US Federal Government Did in 2014?

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Introduction: Ever since Bitcoin’s Genesis Block was mined back in 2009, Bitcoin has been growing exponentially to the extent that its value increased from less than one cent to $1124.76 in November, 2013. Claimed to be the best financial innovation throughout the last 500 years, bitcoin is continuously macadamizing the path for creation of unique business ideas, projects and startups that can conceive thousands of jobs and opportunities for bitcoin enthusiasts all over the world. Bitcoin – A Whole New World: Although Bitcoin had been around since 2009, it only gained considerable attention in late 2010 following the release of the WikiLeaks by Julian Assange who faced an organized financial blockade by the US Federal government as Paypal, Bank of America, Western Union, Mastercard and Visa refrained from transmitting donations to WikiLeaks. Accordingly, Assange started accepting donations via Bitcoin which boosted its price during the early months of 2011. Furthermore, the launch of Silk Road, an online market for illicit drugs that only accepted bitcoin for payments, early in 2011 was responsible for another bitcoin bullish rally during that period which pushed the price up to $31.91 as of the 8th of June, 2011. Not only computer geeks and hackers …

BITCOIN IS 100 TIMES MORE POWERFUL THAN GOOGLE

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Allow me to introduce you to someone who has the potential to be very important in the future of Bitcoin. His name is Balaji Srinivasan, and he is the chairman and co-founder of 21 Inc. What is 21 Inc? 21 Inc. is the Bitcoin startup that secured the most venture capital of any Bitcoin company in history, at $116 million. What do they need $116 million in venture capital for? They are investing in “future proprietary products designed to drive mainstream adoption of Bitcoin.” With that in mind, the research of 21 Inc. has highlighted some interesting Bitcoin factoids. One Srinivasan released at the second annual Bitcoin Job Fair held last weekend in Sunnyvale, California regarding how big Bitcoin has become in the computing world. Google is big, but Bitcoin is bigger. How big is it? Honestly, I looked online to find out what a petahash rate and a gigahash rate was, and that is one long rabbit hole, so I’ll leave the technical ramble to techies like Mr. Srinivasan. He makes the comparison to Google based on the fair assumption that they are using 1e7 servers, for 1e7 H/s per Xeon, and ~10 Xeons/server = 1 PH/s. One petahash …