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 and iGaming: Disruption Comes From Your Blind Spot

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Bitcoin and iGaming: Disruption Comes From Your Blind Spot Jon Matonis (@jonmatonis) | Published on March 14, 2015 at 13:30 GMT It has often been said that . But what does that really mean? For starters, it means that online gaming, more than anything else, is all about the customer experience. Whether it’s a land-based >provides all three. I recently made the prediction that within five years, half of the top 10 iGaming operators will be BITCOIN-only. Of course, the mainstream operators don’t see it that way and I wouldn’t expect them to. They have a profitable and expanding business model with national fiat currencies. Why would they want to disrupt that revenue stream? Funny thing about disruption though is that it rarely comes from within. Disruption comes from your blind spot. While major iGaming and industry conferences in the west have paid lip service to bitcoin and cryptocurrencies as alternative payment methods, they have simultaneously relegated it to a niche solution where presentations are neatly tucked away in a side corner. Kodak did the same thing after surprisingly inventing the first digital camera in 1975. Reshaping the iGaming market The grand opportunity with bitcoin is not with the major operators, …