Today on Bitcoin… August 9 2013

A quick run around the Bitcoin world for those of you who don’t have time to trawl around – sign up for the newsletter to get these in your inbox.  

Jimmy Wales Warms up to the idea of Accepting Bitcoin Donations on Wikipedia

Jimmy Wales has reportedly stated his objections to accepting Bitcoin as a donation method on Quora. A recount of the conversation can be found here. Essentially, Jimmy doesn’t want to be seen to take a strong position on Bitcoin as a currency, doesn’t think that the donations would be substantial enough to justify singling out Bitcoin as a donation method, and doesn’t want to offer too many confusing option on the site.

Most of these concerns would be addressed with an individual page for BTC donations, and just letting us try it. Go on Jimmy, we have every faith that the BTC community will surprise and delight you in equal measure with their generosity and enthusiasm.

Buy on Amazon and Ebay With Bitcoin

all4btc, based in Berlin, allows you to buy anything on Ebay and Amazon, by entering the link of the item and your shipping details. Launched in April this year, the company is now receiving over 400 orders a month. It’ll be 420  when I add my monthly Amazon and ebay purchases to the mix!

Bad News for Coinbase and Mt.Gox

Complaints of slow service from Coinbase continue. Whilst the portion of Bitcoin transactions on Mt.Gox has been below 50% all week. With Bitstamp at 26%, and no complaints about their service, perhaps we should stick with them for a bit.

New Services Accepting Bitcoin

Nesbit’s Fine Watch Service, a family run watch business in Seattle is now accepting Bitcoin.

ubiiqu offering web services in Berlin, accepts Bitcoin for development. Anyone think we can convince Berlin to adopt Bitcoin as its official currency?

Pacific Bliss Yoga in Vancouver is the first business in Western Canada to accept the Bitcoin, and the first Yoga place that we have heard of to accept the currency. Namaste guys!

Carpe Diem – an online accountancy software firm also jumped on board the Bitcoin bandwagon, as did Xo Skins, who provide screen protection products.

Thanks for reading,

– Paddy

P.S.  By the way, thanks to anyone who tipped in the last few days – makes my day.

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The Bitcoin Effect (aka Reality Distortion)

Geeks get excited by the same things.

Bitcoin encapsulates most of those things… programming, the internet’s “anything goes” mentality, open source, computer hardware, and a community filled with other geeks…   Add an affinity for disruption, and few of us can escape Bitcoin’s pull.  When geeks have their first encounter with the topic, the phenomenon usually induces giddiness and profound question forming.

Geeks have so much to internalize and mull over that deep questions are asked of the community (ranging from technical inquiries to endgame extrapolations and conspiracy theories).  When geek-celebrities are drawn into orbit, their fascination manifests itself in their audiences’ imagination–the ultimate halo effect.  I have Steve Gibson to thank, while others (like Robert Scoble) have @Jason.

I can say judging from the Bulletin’s analytics, this conversation is happening in over a hundred other territories around the world.

What does all of this mean?  It means that smart people are very susceptible to joining the project on impulse.  So many interests are represented under the Bitcoin umbrella, and each acts as a separate honey pot.

Take Gavin Andresen as an example.  He pushed all in on Bitcoin and related projects (with a two year runway).  The reason he got involved?  Because he was interested in cryptography, economics and open source projects (among other things).  Basically, he got very excited by what Bitcoin was and believed that it had a fighting chance to affect the world, so he decided to wed his fate to that of Bitcoin’s.

This is the Bitcoin effect at work:  personal immersion in topics that leads to euphoria and dedication to the project.  Its akin to the way individuals learn to love Linux.

Many believe that Bitcoin isn’t a tempest in a teapot, but something permanent or inevitable.  Time will tell if they are right, and history will judge its effects on society.  In light of other forces at work, the outcome may be a needed and positive one but with interesting consequences.

I’m glued. euphoric. geeked-out.

(I don’t own hundreds of Bitcoins, I’m not interested in the narrative because of a financial investment of any kind.  The Bitcoin effect nabbed me.  I do plan on buying some Bitcoins in the future, however, as BTC’s liquidity is an issue I’d like to cover firsthand, and I plan to write about that experience here at the Bulletin.)

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Bowling for Bitcoins – Bits and Pieces

Here are some assorted links that may interest the Bitcoin crowd:

1. Ray Kurzweil from the Singularity Institute. Podcast on TWiT.

2. What needs to unfold. A consumer rebellion.

3. If you get caught on the Silk Road…

4. PI’s are sneaky.

5. Meet the Alpaca’s next of kin, the Ibex–youtube.

6. Hardware seizure and techniques to detect botnets.

7. Use Android?

8. Feds have actual success against a Botnet “Coreflood.”

The sketch was done by me for 1 BTC.  I’d like to have a sketch for each Bits and Pieces post.  Please let me know if you have a funny idea here on witcoin!

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If you enjoyed reading this post, please consider tipping us using Bitcoin. Each post gets its own unique Bitcoin address so by tipping you're not only making my continued efforts possible but telling me what you liked.

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