Bitcoin News
Daily diary of what's happening with Bitcoin.
TechCrunch’s Drew Olanoff (@Drew) had the scoop on Reddit’s announcement that they were accepting bitcoins as payment when its users purchase Reddit Gold. Excerpts:
“Social discovery and discussion site Reddit has just launched an integration that allows its users to pay for ‘Reddit Gold’ using bitcoin with Coinbase’s system.”
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“By buying Reddit Gold, you can add features to your account like comment highlighting and shutting off ads.”
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“Brian Armstrong, Coinbase’s CEO, [shared] about the launch: ‘This is a large step forward for Bitcoin and for Coinbase, as Reddit is a top 100 site in the U.S. and top 200 site internationally. […] We had a number of other merchants start using our merchant tools recently, including 4Chan, web hosting companies, productivity app, and plenty of sites accepting donations.’”
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“[Coinbase] says it has 30,000 users and is processing 40,000 bitcoin payments a month.”
- http://tcrn.ch/12lHkxR
- http://bit.ly/Z0AjgZ (Announcement/blog post on Reddit)
- http://bitcointalk.org/index.php?topic=144102.0 (Further discussion of this development)
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GoWest (@GoWestBTC), blogging on TheBitcoinTrader.com, shows some metrics describing where Bitcoin shined in 2012. Excerpts:
“The current market cap is actually at a peak for 2012, exceeding the spike in August. This can be attributed to the fact that tens of thousands of Bitcoins have been introduced into the economy since August.”
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“These have shown steady growth over the past year: The number of items listed at Bitmit (an auction site that operates in Bitcoin), the number of users at Ogrr (an MMORPG marketplace), and the number of views of the ‘What is Bitcoin’ YouTube video.”
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“Bitcoin’s top poker site, SealswithClubs, is gaining new users on a daily basis, with attendance at the tables on the rise.”
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“The Bitcoin discussion on the TwoPlusTwo forums, the most popular poker discussion forum on the ‘net, has 3,000 posts and 165,000 views!”
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“All-in-all, a very impressive year for Bitcoin. Here’s to an even stronger performance in 2013!”
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Forbes contributor and Bitcoin Foundation board member Jon Matonis (@JonMatonis) wrote a post on the announcement that WordPress now accepts bitcoin payments. Excerpts:
“Leading web publishing service WordPress.com announced that they will begin accepting the nonpolitical cryptographic money Bitcoin as a payment method for various upgrades.”
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“WordPress spokesperson Andy Skelton said, ‘Unlike credit cards and PayPal, Bitcoin has no central authority and no way to lock entire countries out of the network. Merchants who accept Bitcoin payments can do business with anyone.’ And thus the planet becomes immediately open to their products and services.”
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”’[Credit cards and PayPal are] unusable for those bloggers [under restrictive regimes] because they expose the payer’s physical identity.’ With user-defined anonymity and identity privacy, bitcoin offers unparalleled safety to dissident bloggers and free speech advocates.”
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“WordPress may not stand as the lone giant for very long since Reddit CEO Yishan Wong hinted last week at the social news site’s willingness to begin transacting in Bitcoin for Reddit Gold subscriptions.”
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“[Considering this move by WordPress, other] merchants will increasingly be asked: ‘What’s your Bitcoin strategy?’”
- http://onforb.es/Xgv0Nv
- http://bitcointalk.org/index.php?topic=124482.0 (Further discussion of this WordPress development)
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