What are Bitcoins?
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Battle for Mobile Payments - Apple Pay Announcement Direct Challenge To PayPal's Bitcoin | CoinPrices - Bitcoin News, Prices, Analysis

Battle for Mobile Payments - Apple Pay Announcement Direct Challenge To PayPal's Bitcoin | CoinPrices - Bitcoin News, Prices, Analysis | What are Bitcoins? | Scoop.it
“ Apple Wallet and Bitcoin are completely different. One is merely a payment system, while the other is a decentralized and deflationary digital currency that anyone can build apps with.”
Via Jan Miranda
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Jan Miranda's curator insight, September 9, 2014 3:55 PM

Despite what the media wants you to believe, this isn’t a major innovation by Apple, this is them playing catch up, implementing a feature that should have been a key aspect of the iPhone years ago. Yes, Apple is a heavyweight with tons of cash, great connections, and a loyal customer base, but Google, Paypal, Facebook, and Amazon aren’t exactly lightweights either.

 

When it comes down to it, none of them are competing with Bitcoin, they are payments systems, not decentralized currencies. I’m the first one to admit it, services like Google Wallet are infinitely easier and better payment methods than Bitcoin. Using Google Wallet I can instantly send money with no fees, and Google protects me with consumer protection laws similar to credit cards. Google Wallet is awesome.

 

That being said, it is not a competitor to Bitcoin: it is a closed system that enables you to transfer existing currencies. I could see a future where Google, Paypal, and Apple allow you to fund your account with Bitcoin, and then you can use their closed payment system for transfers. In this way, Apple wallet could work alongside Bitcoin, it isn’t necessarily one versus the other. With all that said, Apple’s system will most likely be even more of a closed system than the companies they plan to compete with.

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#Bitcoin under your skin: Man embeds #NFC chips in his hands to store #cryptocurrency | @RT_com

#Bitcoin under your skin: Man embeds #NFC chips in his hands to store #cryptocurrency | @RT_com | What are Bitcoins? | Scoop.it
The founder of the bitcoin ATM firm 'Mr Bitcoin' embedded a tiny chip in his hands to keep his digital currency safe, which also gives him an in-body set of keys. The procedure imbeds a subdermal #NFC chip
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Jan Miranda's curator insight, November 12, 2014 8:45 AM

Dutch entrepreneur Martijn Wismeijer (@twiet) has had an NFC (near-field communication) chip injected into each hand between the muscle and skin tissue.

 

The ultra-cautious Mr Wismeijer says it’s crucial to get the chips encrypted to prevent theft, although actually stealing the chips would be tricky, bloody and painful for their owner.

 

Each chip, manufactured from glass, is 2mm x 12mm, and can hold up to 888 bites of programmable memory, the equivalent of about 26 condensed bitcoin private keys.

 

But Mr Wismeijer found that the microchips could be used for a number of other things and can be read by smartphones like the Apple iPhone 6 and the Samsung Galaxy S5.

 

Wismeijer also hopes to get a special door lock fitted to his house, which will allow him to do away with keys by touching his palm on the door frame to enter.

 

Video of the procedure:

http://youtu.be/B9HcFxTM8hI

 

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Bitcoin Mining Infographic

Bitcoin Mining Infographic | What are Bitcoins? | Scoop.it
“ Bitcoin Mining Infographic (Bitcoin Mining Infographic http://t.co/k4rEnGYHzG)”
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Do you really know bitcoin? Here are 11 myths @investorseurope stock brokers Mauritius

Do you really know bitcoin? Here are 11 myths @investorseurope stock brokers Mauritius | What are Bitcoins? | Scoop.it
“From MSN.com: While there were plenty of other big surprises in 2013, no business story likely was more unique than bitcoin, the online simulated currency that threatened to shake up the global monetary system.”
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Rescooped by Emily Wink from The Blockchain Revolution
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The rise and fall of Bitcoin mining

The rise and fall of Bitcoin mining | What are Bitcoins? | Scoop.it
“Earlier this month, fans of Bitcoin—the world’s most popular digital currency—were caught in a whirl of panic as one group threatened to corner the market for new bitcoins.”
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Bit-Wallet Launches Italy's First Home-Grown Bitcoin ATM | CoinDesk

Bit-Wallet Launches Italy's First Home-Grown Bitcoin ATM | CoinDesk | What are Bitcoins? | Scoop.it
A new brand of bitcoin ATM from Italy is tested and ready for shipping worldwide, says manufacturer Bit-Wallet.
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Digital Currency - types, uses and examples | Tech Know Zone - Tech News | How To | Comparisons

Digital Currency - types, uses and examples | Tech Know Zone - Tech News | How To | Comparisons | What are Bitcoins? | Scoop.it

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John Stan's curator insight, July 16, 2014 2:43 PM

So far you are aware about the various digital currencies we discussed. We have tried our best to make you familiar with the basics of different crypto coins; from its mining to its purchasing process. However, after getting into this business of virtual money, we still doubt whether it can aid in making the world a better place than the one in current state. To answer this challenging question, let’s take a flashback of how the Internet world technologies came up with some vital improvements!  Read full Article: http://techknowzone.com/digital-currency-types-uses-and-examples/

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4 Reasons Why #Economists Should Love #Bitcoin

4 Reasons Why #Economists Should Love #Bitcoin | What are Bitcoins? | Scoop.it
Here are the top 4 reasons why economists should love Bitcoin
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Jan Miranda's curator insight, October 30, 2014 12:00 PM

1. Bitcoin Makes Trade Easier

 

2. It Can Help Developing Economies

 

3. Free From Political Manipulation

 

4. It’s an Exciting Experiment - Why do economists hate Bitcoin when it’s arguably the most interesting economics experiment of the new millennium?

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Crypto-Currency for the Adult Industry TITCOIN Founders Interviewed

Crypto-Currency for the Adult Industry TITCOIN Founders Interviewed | What are Bitcoins? | Scoop.it
“ Hey Edward (and Richard), how are you today? (Edward/Richard) Hey Keith… thanks for taking the time to chat. First off, great and catchy name for your product (Edward) It’s definitely an easy name ...”
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7 Top Cryptocurrencies Being Used Around the World | News, Facts & Other Information You Love - UncoverDiscover.com

7 Top Cryptocurrencies Being Used Around the World | News, Facts & Other Information You Love - UncoverDiscover.com | What are Bitcoins? | Scoop.it
“ Ever heard of the BitCoin? These Digital Currencies are Taking the World by Storm!... http://t.co/meN2tWcqMg”
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What is Bitcoin? - YouTube @investorseurope

“More information on http://www.weusecoins.com This video is a short animated introduction to Bitcoin, made possible with donations from the Bitcoin community...”
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'Bitcoin: The Ticking Time Bomb' @investorseurope stock brokers

'Bitcoin: The Ticking Time Bomb' @investorseurope stock brokers | What are Bitcoins? | Scoop.it
“Bitcoin: The Ticking Time Bomb by T.J. Reavis If you’re interested in the alternative investment space, then you’ve probably heard about Bitcoin. At first blush, this cryptocurrency might seem ideal to investors looking for an asset class that is...”
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Two Bit Coin

Two Bit Coin | What are Bitcoins? | Scoop.it
“ Two Bit Coin, Political Cartoons, Comics, Editorial Commentary on the latest news, politics, cartoon memes and events around the world”
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Rescooped by Emily Wink from Bitcoins
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Where do you buy bitcoins - YouTube

Bitcoin is on the ascent as advanced money utilized worldwide. It is a kind of cash regulated and archived totally by machines spread over the Internet. More individuals and more organizations are beginning to use it. More Info: https://coinreport.net/
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How does one get their hands on Bitcoins?
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