Tuesday, October 21, 2014

Link of the Week

“Gold is a great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening.”   - Jim Rickards, American Lawyer, Economist and Investment Banker

Because I dig what Bitcoin and other crypto-currencies are trying to do and the competition it poses to our increasingly corrupt and entrenched banking systems, I thought the following article was worth mentioning:

By Scott Dance, The Baltimore Sun

"Cryptocurrency may be the future, but it lives in what is, for many, still a cash world.
So while bitcoin advocates push for ways to encourage people to use the digital form of payment, they also must meet consumers — and their wallets — where they are.

A company that plans to install as many as 100 bitcoin ATMs by year's end installed the region's first of the machines Monday night at Fells Point bar Bad Decisions. More are planned for Baltimore-Washington International Thurgood Marshall Airport and Amtrak stations, Wal-Marts and 7-Eleven stores around the region.

While usage of bitcoin is still low — even at establishments like Bad Decisions, a well-known early adopter of technology and social media — advocates hope the ATMs will make it easier for technophiles to give bitcoin a try.

"It's going to be an easy entry point for consumers to actually get bitcoins," said Josh Riddle, CEO and co-founder of Bitsie, a Baltimore startup that works with brick-and-mortar stores to help them accept bitcoin payments."

You can read the entire article at the original link here.

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