Bitcoin News
Daily diary of what's happening with Bitcoin.
NPR aired a Morning Edition segment with host Cyrus Farivar (@cfarivar) in which Jerry Brito (@JerryBrito) was interviewed about online gambling and Bitcoin. Excerpt:
“The U.S. Justice Department has made it very clear you can’t just open an offshore casino online and start taking bets using actual money from the United States. But last year a couple of entrepreneurs asked themselves ‘what if you were only betting with Bitcoin?’.”
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“Noone knows if bitcoin is money, a financial instrument, or something else.”
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“[Bryon Micon of SealsWithClubs.eu] says it might be tough for the feds to regulate what is just a piece of computer code and not real money.”
- http://www.npr.org/blogs/alltechconsidered/2013/02/06/171182974
- http://bit.ly/UXWzZ4 (MP3 download)
- http://bitcointalk.org/index.php?topic=141530.0 (Further discussion of this broadcast)
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In an interview on CTV News (Canadian Television), Jerry Brito (@JerryBrito) argues that there is a real future for digital money.
Jerry Brito (@JerryBrito) wrote an op-ed in the NY Times describing why a decentralized digital currency matters. Excerpts:
“Moving away from paper notes and coins and toward a digital currency is a no-brainer, at least when it comes to cost and efficiency. But when it comes to privacy and freedom, cash can’t be beat. We must ensure that we protect our civil liberties by preserving some untraceable payment method”.
“Imagine if the only way to support unpopular causes was with easily controlled e-money. Certain transactions could be disallowed by law, political pressure or corporate fiat, and anonymous giving would be impossible. Each of your transactions would be tied to your identity”.
“The nascent digital currency Bitcoin has demonstrated that such e-cash is possible”.
This video on ReasonTV by Jerry Brito (@JerryBrito) gives a two minute overview of Bitcoin.
“There are two main benefits in Bitcoin that people who like liberty are going to be excited about. One is this idea that a central authority doesn’t control the money supply. And so they can’t just print more money”.
“There’s no Bitcoin corporation, there’s no Bitcoin building”.
“Whether Bitcoin succeeds or fails itself is really neither here nor there. If it’s not Bitcoin it is going to be something else that is going to be a virtual currency that has distributed, that’s anonymous and it doesn’t have a central intermediary”.
