Bitcoin Needs Employers, Not Merchants

Disclosure: the author of this article is a partner at KryptoKit One of the more exciting things to come out of the Bitcoin economy in the last month is the sheer number of new merchants that are accepting it. In the past week alone, we have the Scottish tech store CeX accepting Bitcoin for one…

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Bitcoins: Made in China

[Note: click here for a PDF version] Abstract: The discussion over the actual costs of maintaining a decentralized seigniorage network is a new area of research. In practice it appears that the logistical cost of operating the Bitcoin network rises linearly with its total value. More efficient mining gear does not reduce energy use of…

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Bitcoin ATM fever: a list of 8 different machines

The mass adoption of Bitcoin encouraged many tech-savvy entrepreneurs to invest in new types of software and hardware and the many cryptocurrency ATMs spread across the world confirm that tendency. Bitcoin Examiner gathered information about eight different ATMs. Some are more expensive, some offer less possibilities, some have an impressive brand behind them… However, in…

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