Bitcoin: The End of Money As We Know It (2015) Documentary Review

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Director: Torsten Hoffmann, Micheal Watchulonis Documentary Running Time: 60 minutes The subject of money is undoubtedly a source of enigmatic confusion. Many people have covered it, from economic professors to bloggers and authors; even Ira Glass on NPR. But Bitcoin continues to feed confusion over what it is, how it got here, and whether or not it could change money in our lifetime. Director Torsten Hoffmann breaks out into the world of money with his energetic documentary, “Bitcoin: The End of Money As We Know It” (2015). It’s dynamic, filled to the brim with hard-hitting history. There’s electricity in the pace, a kineticism in the narration, a fervor in the subject matter and the high-stakes world of finance. It is a rapid film that catches you off guard, with a title as provocative as itself. The picture begins with a luring score that ushers us in, not to explore simply Bitcoin, but to hint at the basis of trade, commerce, and civil society. Montaging clips of personal interactions and crowds of people, Hoffmann opens the film as if opening the blinds on a warm and beautiful morning. His story of money is one filled with promise like a sunrise over a landscape of …

Bleutrade Exchange – Review & Tutorial

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We’ve been trading cryptocurrency (alt coins such as Bitcoin, etc.) at Bleutrade for a few months now and figured it was time for a review of our experience(s).  We’ve also provided some tutorials on how to get started.   BLEUTRADE.COM REVIEW We first heard about Bleutrade earlier in 2014, but hadn’t gotten around to making an account and transferring in some cryptocurrency until May or June. We decided to check them out and start trading because their trading interface is quite a bit different than any other exchange out there.  (if you’re not quite sure what all of this “cryptocurrencies” stuff is all about – check out this good article over on Wikipedia) HOW IS BLEUTRADE DIFFERENT? This is not to say that the actual trading process is different – it’s not, but the fact that there are so many different “trading pairs” is what really got our attention. Many exchanges only allow for trading your favorite cryptocurrency for Bitcoin, and to a lesser extent the other exchanges will allow you to trade in Litecoin too, but only in limited markets.  Bittrex has recently opened some trading pairs with Blackcoin, but not many. HOW MANY TRADING PAIRS? Bleutrade on the …

Judge Rules in Peer-to-Peer Bitcoin Lending Lawsuit

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A US judge has ruled that a Kentucky man must repay a loan he originally solicited in bitcoin. Judge Frank Fletcher of the Breathitt County District Court, in an order signed 5th June, stated that Dennis Kerley must repay $67,591 on a loan he had received in bitcoin via the peer-to-peer (P2P) lending platform BTCJam. The loan, dating back to December 2013, fell into default within a few months of receipt. The plaintiff in the case, Daniel Kaminski de Souza, loaned Kerley 11.95 BTC, worth just over $10,000 at the time it was solicited. The case is perhaps suggestive of how US judges who lack a general understanding of bitcoin consider cases, even providing a degree of precedent for future cases involving P2P loans denominated in bitcoin, according to lawyer Kevin Palley, who represented de Souza in the case. Palley told CoinDesk: “The judge did not understand what bitcoin was, and this is a small county in rural Kentucky. So he asked anybody in the courtroom if they knew about it and one or two people raised their hands.” Palley said that he went on to treat bitcoin as a kind of highly speculative foreign currency, a explanation that was ultimately accepted by the court. Kerley, according to Palley, did not …

Gyft Unveils New Tech for Blockchain-Powered Gift Cards

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Gyft and bitcoin API developer Chain have partnered to create Gyft Block, a trading platform aiming to make gift cards easier to exchange. Announced at Belfast’s MoneyConf, the news marks Gyft CEO Vinny Lingham‘s latest step in transitioning his mobile gift card company from one of bitcoin’s most active merchants to a more direct supporter of its underlying technology. Gyft Block is part of Gyft’s broader mission to digitize gift cards so that they can be securely traded using bitcoin’s public ledger, the blockchain. Termed ‘gift cards 2.0’, the ambitious project was first revealed at SXSW in March and followed Lingham’s own involvement as an advisor and investor in so-called ‘crypto 2.0’ firms, including Koinify and Trustatom. A statement from Gyft implied that the platform could solve real problems for the $100bn gift card market: “Consumers can redeem different forms of digital value in a single transaction: for example, a consumer can buy a cup of coffee by combining a gift card, branded reward point, and coupon, since all blockchain-based digital assets operate on the same open standards.” In an accompanying white paper, Gyft’s head of special projects Guillaume Lebleu suggests Gyft Block would seek to establish a common API for gift card issuers that more closely replicates …

MovieTickets.com Brings Bitcoin to Over 900 US Movie Theaters

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MovieTickets.com, one of the largest movie ticket purchasing platforms in the US, now enables movie-goers to buy movie tickets with bitcoin at 985 theaters. The move was made possible through an integration with bitcoin payment processor GoCoin. As a result, theater chains that use the credit card processing services offered by MovieTickets.com will be able to accept bitcoin for any film offered. GoCoin CEO Steve Beauregard indicated that this includes Regal Cinemas, the nation’s largest theater chain with more than 500 locations. Holdouts notably include AMC Theaters, which itself boasts more than 300 locations in North America. The partnership is the latest betwen GoCoin and a movie industry firm, following the May announcement that it was in talks with production studio Lionsgate Films. Beauregard told CoinDesk: “We think that the future of digital content is being able to use digital currencies to purchase content.” The promotion was inspired by the promotional strategy for Dope, the hit indie film that scored big at Sundance and earned high-profile celebrity fans from James Franco to Russell Simmons. MovieTickets.com CEO Joel Cohen suggested that, however, the company saw the potential in enabling the technology in more of its offerings. “Our intention is to keep the option available beyond the film’s …

Switzerland to Establish the First Bitcoin Bank

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If you are still skeptical about the way Bitcoin works, perhaps this would be the time to get to know everything that there is to know about Bitcoin. In recent news, a team of eight members is all set to open up a Bitcoin bank in Switzerland. A Bitcoin bank, where all the usual banking facilities would be available, just without the paper currency. The Bitcoin bank aims to impart various services such as loans, storage, transacting with the ‘international, digital, government-free currency’ that Bitcoin is. The team is currently looking for premises for the bank and is all set to apply for an official license in a few weeks. The team comprises of both IT experts and those who expertise in finance. The team already has investors set in place. A founder member and the IT specialist – Guido Rudolphi recently spoke on behalf of the bank, “Managers of the banks have knowledge both in IT and traditional finance. We hope to apply for Bank license in a few weeks. First people already got in business and now the bank is searching for the premises.” The key factor about this Bitcoin bank is that it isn’t related with Bitcoin …