Since cryptocurrency cultists began buzzing about bitcoin years ago, they’ve hinted that bitcoin’s technology might have much bigger implications than the ability to just move around digital coins. As Bitcoin startups become fintech’s latest craze, these kinds of applications are starting to rear their head in the startup community.
Blocksign, a startup that launches this morning, is using bitcoin’s giant records database, the Blockchain, to build an entirely un-financial application. Their service lets you sign legally binding documents and agreements in the same system that keeps all records of bitcoin transactions.
More Money More Problems
Rep. Jared Polis, the “Gamer Congressman,” has been a big advocate for Bitcoin on Capitol Hill. He’s taken BTC for campaign donation, lampooned his colleagues for speaking out against Bitcoin, and invited fellow congressmen to give Bitcoin a shot. Now, he’s helping bring Washington, D.C. its first Bitcoin Startup Demo Day.
Today, a few major Bitcoin startups like Coinbase, BitPay and BitGO will set up shop in the Rayburn House Office Building to convince Washington regulators to embrace Bitcoin. They’ll be joined by major companies who have successfully integrated Bitcoin into their business models, like Expedia, who started taking payments in Bitcoin earlier this summer and have been more than happy with the results.
As politicians and businessmen are getting on board with digital currencies, 50 Cent has hopped on the bitcoin bandwagon. The rapper’s new album Animal Ambition, along with his other merch, is now purchasable through BitPay, allowing consumers to use cryptocurrency to get 50’s latest.
“The bitcoin community represents his target demographic — young men between the ages of 18 and 30,” Stephanie Wargo, VP of Marketing at BitPay, told Betabeat, “The bitcoin community is also an untapped market ready to spend their money. Accepting bitcoin is a great business decision for a popular and independent hip-hop artist such as 50 Cent.”
It's All About the Bitcoins
Ever since the FEC decided that it was legit for congressional campaigns to take donations in Bitcoin, a few future-forward politicians have made digital currency donations part of their platform. Now that trend is making its East Coast debut in New York City’s 7th district.
Congressional candidate Jeff Kurzon will start accepting donations to his campaign in Bitcoin this week as part of his effort to unseat Congresswoman Nydia Velázquez. Jeff Kurzon is the first New York politician to accept digital currencies for a campaign, following in the footsteps of Colorado’s Jared Polis and Texas’s Steve Stockman.
The “Inside Bitcoins” conference is happening in NYC this week, and a collection of investors, businessmen, programmers and hobbyists have gathered to buzz about bitcoin’s future. But the Mt. Gox fiasco and the Chinese government crackdown still weigh heavily on the community’s mind, leading many of the conversations back to one Read More
it's all about the bitcoin baby
While Washington regulators are scrambling to figure out how the hell to deal with cryptocurrencies, Rep. Jared Polis of Colorado is inviting his fellow congressmen for a hands-on demonstration of Robocoin, a bitcoin ATM.
“You are cordially invited to a demonstration of Robocoin,” says an invitation forwarded out by Mr. Polis’s office. Read More
it's all about the bitcoin baby
Hate to say we told you so! A mere five days after we first reported on the Kanye West-inspired cryptocurrency, Mr. West’s lawyers have sent Coinye West’s creators a cease and desist letter.
And why wouldn’t they? Coinye West, which doesn’t launch until Jan. 11, uses the rapper’s likeness and a play on his name as its main means of promotion. The creators must have seen it coming, as they chose to stay anonymous in all press coverage.
ALL YOUR MEME ARE BELONG TO US
Happy New Year! Did you think maybe in 2014 Internet people would cut the shit and stop hurtling bags of money into a funeral pyre of pretend pop culture currencies like dogecoin? Too bad! Coinye West is a thing now.
In case you still haven’t closed this tab, allow us to explain. You can now get your cryptocurrency, a thing that is allegedly real despite being underlined in red like a typo when you write about it, virtually stamped with Kanye West’s likeness.
Doge is a meme that has taken the world by storm over the past month or so. It involves placing qualifiers like “so” and “much” before nouns or verbs in nonsensical ways. A Shiba Inu making a funny face also factors in.
It is as addictive as it is lacking in substance. We’re big fans here at Betabeat.
Colorado-based developer Nick Carlson came to our attention when he was mentioned in a splashy story about the Bitcoin project, an initiative in which savvy techies trade for goods and services using an unregulated, standardized digital currency. Mr. Carlson has been curious about Bitcoins since he read about them in April and realized that “the mathematical principles behind the currency were sound.” He bought some Bitcoins through a private transaction on Reddit.
Barring legal intervention, Mr. Carlson told Betabeat, Bitcoins are a viable currency. But most people are not using them for commerce, he said–they’re trading them to make money. So five days ago he decided to do an experiment to see how Bitcoin stands up to the dollar.