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The Bitcoin Game #52: Mike In Space

Published on February 28th, 2018 by Rob Hello, welcome to episode 52 of The Bitcoin Game, I’m Rob Mitchell. This episode I speak with Mike In Space, longtime creator of Bitcoin memes, and more recently, the host of the comedy series, Bitcoin Car Talk. I’ve never heard Mike interviewed, so I thought it would be fun to learn a bit more about him. I enjoy Mike’s unique sense of humor enough that you’ll hear me laugh just hearing his voice at the beginning of our conversation. SHOW LINKS Bitcoin Car Talkhttp://bitcoincartalk.com Mike In Space on Twitterhttps://twitter.com/mikeinspace Info on Mike’s older Twitter Avatarhttps://news.artnet.com/art-world/botched-restoration-of-jesus-fresco-miraculously-saves-spanish-town-197057 Brian Hoffman’s comedic YouTube playlisthttps://www.youtube.com/playlist?list=PLdZZFJLp77OHDlyxQSqov89Qko_hBYpU8 Bitcoin Uncensored, early podcastshttps://soundcloud.com/bitcoinuncensored Bitcoin Uncensored, YouTubehttps://www.youtube.com/user/cderose36/videos STAY IN TOUCH Thanks so much for taking the time to listen to The Bitcoin Game! https://Twitter.com/TheBTCGamehttp://TheBitcoinGame.com[email protected] In case anyone wants to shock me, here are some tipping addresses (it’s been awhile): Bitcoin (Segwit) tipping address:34MB6Lj1e2X7rHof7A8r1gHbYL3zNRJH2N Litecoin tipping address:MCszxWfm4y4Ke39vJZLXwULLRgVmBfJy8z Bitcoin Cash tipping address:1EXYkuuQ49uEioTpHY4ZY99edJczbUqQfu Ethereum tipping address:0xB8b169192A74746050806671710aeB72F01F6ED1 SPONSOR While much of a Bitcoiner’s time is spent in the world of digital assets, sometimes it’s nice to own a physical representation of the virtual things you care about. For just the price of a cup of coffee or two …

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Bitcoin Prediction | Analysts Predict Bitcoin Will Hit $50K in 2018

Bitcoin prediction: It’s been the roughest week yet for cryptocurrencies as the price of Bitcoin sank to just over $6000 – its lowest since November. This, coupled with regulatory fears and ICO scams, has led to increasingly bearish sentiments towards the cryptocurrency market in general. It has lost $340 billion USD since the start of the year. So it’s great news for investors today, as the price of Bitcoin unexpectedly soared 11.4% – over $800 USD – from last night’s low, at 3:30 pm EST this afternoon (the time of writing). But the even bigger news is that analysts are predicting Bitcoin to hit $50K this year. In an interview with CNBC, Thomas Glucksmann, head of APAC business development at Gatecoin, said that “There is no reason why we couldn’t see bitcoin pushing $50,000 by December.” This, he says, is due to a market rebound as well as “major technology developments” such as bitcoin’s upcoming Lightning Network, which aims to speed up transactions. >> Ethereum (ETH) and Litecoin (LTC): Coins to Invest in Before the Market Recovers In the same report, Jamie Burke, CEO of Outlier Ventures, stated that he believes the market will likely go on a bull run. It …

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Does Anonymous Feature Make Them Bad?

The Cryptocurrency revolution has not only raised a red flag for banks and the global financial system, the invasion of virtual currencies has been threatening tax collection and anti-money laundering initiatives. Criminals, tax evaders, and terrorists are effusively capitalizing on the anonymous feature and can turn their black money into white money. Analysts and global regulators have stressed on taking strong initiatives to avert the criminal activities by regulating cryptocurrencies and banning their anonymous feature.    Some analysts believe cryptocurrencies are pump and dump schemes and don’t have any underlying value to support the price on crypto exchanges. Regulators have strong concerns over the huge price volatility – which is the major reason they don’t consider digital currencies as a medium of exchange. Bill Gates Blames Anonymous Feature For Killing People ‘In a Fairly Direct Way’ The biggest and wealthiest investors, including Warren Buffett, Goldman Sachs, and other fund managers have strongly criticized digital currencies, as they don’t see any real long-term investment opportunity in these coins. What’s more, Bill Gates – business magnate and Microsoft founder, has also rejected the cryptocurrency revolution, blaming the anonymous feature and saying: “The main feature of crypto currencies is their anonymity. I don’t think this is …

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Bitcoin Facts | 67 Facts About the #1 Cryptocurrency You Need to Know!

Do you want to be able to impress your friends and family with how much you know about Bitcoin? And, no, I am not talking about the general facts, like how Bitcoin has seesawed from one extreme to the next. The statistics compiled in the infographic below are not the kind of thing that a quick Google search will find for you. They are the result of many hours spent combing through all the data out there, looking for the most up to date, and most useful stats. For example, 40% of the total Bitcoin in circulation are owned by just a thousand people. Or, Bitcoin can be used to pay for things as varied as pizza and hotel stays. When booking online through Expedia, for example, you can pay with a credit or debit card, a voucher or with Bitcoin. Believe it or not, the first commercial transaction for Bitcoin was the purchase of two pizzas for 10,000 Bitcoins. That was in the days when the currency was thought to be pretty worthless. Today we know a lot better. Cryptocurrencies have burst onto the market and have created a tidal wave of new investment opportunities. Bitcoin and other cryptocurrencies …

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Poloniex Exchange | Circle Inc Buys Crypto Exchange

A few weeks ago, the Modern Consensus website published an article saying that a negotiation between Poloniex and Circle had been concluded. Many rushed to describe it as Fake News due to the lack of confirmation from the involved parties and even an apparent denial according to consultations made by journalists. But, it seems that Poloniex exchange has been acquired by Circle Inc. Read on to find out more. However, in the official press release they suggested the idea that the purchase negotiations had been going on for several months, which suggests that the teams were not surprised and that news of the purchase could potentially be beneficial for all users, since there may be an advanced work between both companies for the development of services based on Circle’s vision. “We also look forward to scaling Poloniex up and out through market expansion and localization, increasing token listings where possible and appropriate, and exploring the fiat USD, EUR, and GBP connectivity that Circle already brings to its compliant Pay, Trade, and Invest products. More on these efforts to come.” Circle is a $140 million company backed by venture capital from investors including Goldman Sachs, IDG Capital Partners, Breyer Capital, Accel Partners, …

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How to Profit and Claim Bitcoin Forks in 2018

Last updated on February 13th, 2018 at 12:40 am Warning: claiming and selling forkcoins involves considerable risks, and requires some advanced knowledge. By attempting these procedures, you accept all of these risks: Working with and exposing your Bitcoin private keys Installing and running certain software Trading and possibly identifying yourself on various exchanges If you don’t fully understand forks, please watch this video first: At the time of this writing, you can claim about $2,000 in free money for every bitcoin in your wallet received before August 1, 2017. Granted, a lot of this value is comprised by Bitcoin Cash (~12% of  BTC) and Bitcoin Gold (~1% of BTC). We’ve also covered the airdrops of Byteball (which is no longer claimable in any significant quantity) and Clams (which can still be claimed at addresses dated May 2014). Minus BCH and BGP, you’ll have about $200 to $300 of free money on the table for every bitcoin you’ve owned since November or December 2017. This amount is only a rough estimate, of course. The exact total will depend on the current pricing and availability of multiple markets, as well as the emergence of new forkcoins… A recent Bloomberg headline indicates that there are …

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Bitcoin ATMs Thriving in Michigan’s Most Populous City

Featured Low-income areas in the city of Detroit are seeing a bunch of cryptocurrency-based automated teller machines (ATM). According to local reports, ATMs are popping up in great number in liquor stores, gas stations, and cash-checking locations. Also read: Bitwala Launching Full-Fledged Crypto-Friendly Banking Service with Debit Card Detroit Michigan Sees a Crypto-ATM Invasion Detroit is a well known industrial city and Michigan’s most populous city. However, the region has been dealing with a tumultuous economy and the city residents have been suffering from financial hardships for years. That hasn’t stopped a large influx of bitcoin ATMs from being installed in the city as Detroit now has over 29 machines. The regional newspaper the Detroit News reveals that most of these devices reside in areas with a shortage of banks and low-income housing areas like Inkster, Highland Park, Taylor, Hamtramck, and Pontiac. There are 15 more crypto-ATMs on the outskirts of Metro Detroit as well. Ayman Rida, an executive from a company called ‘International Bitcoin’ installed a good chunk of the machines located in the Metro Detroit region. “My company installed 15 Bitcoin ATMs last year in Detroit,” explains Rida in an Interview. Rida says most transactions are …

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#224 Jeff Garzik: Metronome – Of Bitcoin Satellites and Built-to-Last Chain-Hopping Tokens

Published on February 27th, 2018 by Epicenter Click to download audio version We’re joined by Jeff Garzik, who was among the very first developers to work with Satoshi in the early days of Bitcoin. Later, he was a core developer at Bitpay and even tried to put a Bitcoin node on a satellite in space. Today, he is co-founder at Bloq, a company providing enterprise-grade blockchain infrastructure. Bloq recently announced a new project called Metronome that challenges some of the design and governance principles of many public blockchain networks. Metronome is cryptocurrency that sits on top of existing blockchains and aims to allow tokens to easily move from one network to the other. A series of standard blockchain contracts allow for daily descending price auctions to occur automatically, and for users to buy and sell the tokens using a Bancor-like system with built-in liquidity. Topics discussed in this episode: Jeff’s background as a web developer at CNN and as a Linux developer His early days in Bitcoin working with Satoshi His thoughts on Bitcoin governance and lessons learned from the Segwit2X episode The lessons learned from founding Bloq What is Metronome and what problem does it aim to solve Metronome’s …

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Apple Co-Founder Steve Wozniak | Was a Bitcoin Scam Victim

The Economic Times of India’s Global Business Summit took place this week, and it was inevitable that the cryptocurrency sector was going to be one of the topics discussed at length. What wasn’t foreseen, however, was Apple co-founder Steve Wozniak coming forward and saying he was a victim of a bitcoin scam. It’s been known for quite some that bitcoin, as well as every other virtual currency, holds a lot of risks. But when the co-founder of one of the largest technology companies in the world falls into its trap, then we know that anyone is susceptible to being duped by cryptocurrency scams. The Bitcoin Scam According to Wozniak, he had seven bitcoins stolen from him through fraud. Essentially what happened is this: an individual purchased the bitcoins from the 67-year old American entrepreneur and inventor through a credit card, and then proceeded to terminate the credit card payment. The scariest part of it all, according to Steve Wozniak, was just how easy it was to steal the bitcoins. Sure, at first glance, seven bitcoins might not seem like a lot. However, it’s actually the opposite. At the time, Wozniak purchased the bitcoins back when it was valued at $700, …

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