Our Mixing Services Compounding Bitcoin’s PR Problem?

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Many people are drawn to Bitcoin and virtual currencies for the illusion of being able to move funds around in an anonymous way. However, with the blockchain acting as a transparent ledger, there is no such thing as anonymity in the Bitcoin space. Unless Bitcoin users actively use mixing and anonymizing services, that is. But do these services harm Bitcoin’s public image, or are they beneficial to the ecosystem?   Bitcoin Mixers and Anonymizing Services: Even More PR Problems The transparency associated with Bitcoin and other virtual currencies is something companies are more than happy to embrace. Accounting becomes a lot easier, and there is no way to hide any illegal activity on the blockchain. Plus, there is still a certain level of pseudonymity, as all Bitcoin users are identified through a wallet address, without publicly exposing any personal information. Despite all of these positive features, Bitcoin still has a public relations problem, as most people see the virtual currency as a safe haven for money laundering, fraud, and illegal trading. Such a train of thought is quite odd, as Bitcoin is not anonymous and is one of the worst possible options to launder money. Additionally, there is no chance …

E-Coin Launches Bitcoin Debit Card Affiliate Program

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E-coin specializes in bridging the gap between the traditional financial institutions and Bitcoin by allowing Bitcoin users to store Bitcoin safely with its multi-sig wallet service, as well as allowing users to load Bitcoin onto debit cards that can be used at any POS terminal that accepts VISA cards — in USD, EUR, and GBP.   “Inspired by blockchain decentralized technology, the company dedicates a great part of its efforts in growing the popularity and usability of cryptocurrency while trying to make transactions simple, safe, and hassle-free.” The E-coin debit cards work like their traditional counterparts; simply load funds into an account that can be managed on the web and the E-coin mobile app. To date, 1,800 Bitcoin debit cards have been shipped and are readily available to order and use. E-coin ships to 173 countries, and the cards can be used in any country. Since the E-coin debit card works like a VISA card, support for it has already been built in, with over 30 million ATMs and 25 million merchants accepting VISA worldwide. “For a currency to gain adoption it needs to circulate. Although already quite popular, bitcoin is still not very easy to get and spend for an average Joe. Our bitcoin debit …

Uber Driver Offers a Free Ride to BitNation Advocate

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There have been numerous news articles published on the concept of decentralized governance, with BitNation taking the lead and confronting existing government institutions by offering a decentralized way of handling such services. Some of these services include birth and marriage certificates, land ownership, and business certifications. Services that at times can cost a substantial amount of money and require a lengthy process that can be subject to heavy bureaucracy. With this in mind, you can imagine the impact services such as BitNation can have on individuals who want ways to overcome boundaries and free themselves from the limitations created by centralized authorities.   While this idea is not yet fully realized or demonstrated to the masses, it found its way into a conversation between a Uber driver and a passenger within London. Perhaps this is a way of demonstrating that people are listening and searching for better ways of handling day to day services, in support of decentralization and reduced regulations. Eric Grill, founder and CEO of the Bitcoin ATM company CoinOutlet Inc, was recently taking part in a Uber ride within the city of London. It is here that a great conversation started, revolving around regulations and the time it takes a …

Bullshit Research from Suffolk University : Federal Reserve Needs Power Over Bitcoin – Bull

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The Federal Reserve and European Central Bank should be given a mandate to monitor threats bitcoin and digital currency systems pose to the broader financial system, a new report from a Suffolk University researcher argues. Entitled “$=€=Bitcoin?”, the report speculates as to the potential dangers that the more widespread use of bitcoin as a digital money with no government backing, analyzing how circumstances arise where this threatens national and international economies. The paper follows a February 2014 statement from Federal Reserve chairwoman Janet Yellen, who said that the US central bank does not have the authority to regulate digital currencies. Further, the European Central Bank published a report last year that, while largely dismissive the technology, indicated the bank is monitoring developments. More broadly, the report argues that the mandate is necessary given that the general population is not aware of central bank boundaries, meaning the central bank could “bear responsibility” for a systemic crash should it affect either or both markets. The report reads: “Even if the central bank had no mandate to regulate virtual currencies, a failure of a widely-used virtual currency could imperil confidence in the central bank, which could adversely affect its ability to govern the more traditional money …

Windows 10 – A Serious Threat To Bitcoin Privacy

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Windows 10 has been praised for its sleek and simple user interface, improvements from Windows 8 and the integration of user-friendly voice-driven assistant Cortana. However, users have discovered one big problem with the operating system – privacy. Windows 10 can “legally” access all personal data, emails, and files to provide to law enforcement or government agencies. The highly anticipated operating system has turned into a massive NSA spying tool, which could obtain data from Bitcoin wallets and systems. One excerpt from Microsoft’s privacy statement read: “Finally, we will access, disclose and preserve personal data, including your content (such as the content of your emails, other private communications or files in private folders), when we have a good faith belief that doing so is necessary to: 1. comply with applicable law or respond to valid legal process, including from law enforcement or other government agencies; 2. protect our customers, for example to prevent spam or attempts to defraud users of the services, or to help prevent the loss of life or serious injury of anyone; 3. operate and maintain the security of our services, including to prevent or stop an attack on our computer systems or networks; or 4. protect the …