1 Bitcoin = $800
– We are working in the payments team to figure out how to incorporate bitcoin into our plans – Google Senior VP of Ads and Commerce Sridhar Ramaswamy
– Ebay is now considering allowing customers to use bitcoin for payment for both eBay and PayPal, sources inside the company told CNBC. – Mark Berniker
@Airbnb accept Bitcoin? – Brian Chesky, Founder & CEO of Airbnb
– Bitcoin will become “industry-wide” in porn in “45 to 60 days,” Naughty America founder says. – Pete Rizzo
I think that at least as far as the US government goes, it’s going to be pretty tolerant of bitcoin for a while. Of course in bitcoin time a while isn’t that long, maybe the 1-5 year horizon I think they’ll be pretty accommodative, primarily because they don’t want to be seen as squashing a brand new technology when the economy isn’t very good and when there are obvious benefits to using this system.
But then I fully suspect after that as bitcoin gets strong enough and stabilizes, which it will, people will start preferring to use it instead of dollars, and that’s a very scary proposition to an organization whose power comes in large part from it’s ability to control and manage and create the money that not only it’s own country uses, but around the world the reserve currency.
And as they realize that, whenever it is, they’re going to come down hard and everyone in bitcoin should probably be aware that that’s likely and that’s just going to be part of the experiment to see what happens when that occurs – Erik Voorhees
The most innovative block-chain based cryptocurrency since Bitcoin itself, and the only one that I would bother acquiring units of – Chris Odom, Open Transactions
I am studying ethereum, have been for more than a month now and having discussions about it. After all, I believe in multi-crypto-coin world. People asking my opinion on ethereum. It’s too soon for me to form one, but I like coins with a purpose, a clear distinction and it has both. I look for several things in an alt-coin. A distinguishing and significant feature, transaction volume, mining and dev team strength. From a technical perspective, I’m fascinated by the byte-code-like turing-complete Tx script in ethereum. You can write compilers – Andreas Antonopoulos
Bitcoin and Litecoin Top Sources of WikiLeaks Donations. A lot of people want to see
#WikiLeaks accept #Dogecoin donations https://twitter.com/search?q=wikileaks%20dogecoin
Bitsmith Virtual Mining (BSVM)
In December, Porn.com announced that it would now accept confidential bitcoin payments for its premium services, and Bitcoin users quickly shot up to 10 percent of all sales.
Bitcoin now accounts for a staggering quarter of all Porn.com sales. – Kate Hakala
The bitcoin revolution is shifting to the east, say the Americans behind the world’s first cash machine for the virtual currency, as they prepare to open a second one – in Hong Kong.
Hong Kong beat off stiff competition from New York and Singapore, said Robocoin chief executive Jordan Kelley. There was so much enthusiasm for bitcoin in Asia that establishing a presence in the region was vital, he said. – Danny Lee and Joanna Chiu
NH, home of
@FreeStateNH seems to have the highest per capita Bitcoin usage in the USA! http://finance.yahoo.com/news/map-shows-states-where-buying-220258597.html … libertarians love Bitcoin! – Roger Ver
To The Moon
This is an amazing project! It doesn’t get cooler than this: http://www.rockethub.com/34210 – check it out… students landing on the moon. – Peter Diamandis, Co-founder of Singularity University
The big story of the month has been the surprising rate of big name adoption (Overstock, Sacramento Kings, Vegas Casinos). This looks set to accelerate with Google and Paypal open to integration at a surprisingly early stage.
As Erik Voorhees predicted, the US government remains tolerant of Bitcoin and are arrogantly trying to control it. There is no indication they view Bitcoin as an existential threat at this stage, although Charlie Shrem’s arrest shows their eagerness to crack down on minor issues such as money laundering.
The New York hearings saw big names in the community pleading for regulation and taxes in an attempt to secure “legitimacy” for their businesses and capitalize on first mover advantage by imposing artificial barriers to entry. This crony capitalism is disappointing to see, but inevitable in a fascist economy.
January has been a huge month and it’s surprising how much attention they’ve received. The bitcoin community is very excited about ethereum, with massive anticipation building for the launch. One line of thought is that bitcoin will be used for money and ethereum will be used for everything else (smart contracts). If ethereum can live up to expectations it will be interesting to see how it coexists with bitcoin.
The currency unit for ethereum will be named “ether”. It will most likely become one of the most valuable alt-coins on the market in a short space of time.
Units of ether were planned to be sold at a February 1st fundraiser, but this has been postponed. The new IPO date will be posted on the official site Ethereum.org
Dogecoin’s popularity is stunning. For some reason it fills a niche for online socializing, tipping and making charitable donations. Dogecoin is currently the 5th biggest cryptocurrency in the world (1-Bitcoin, 2-Ripples, 3-Litecoin, 4-Peercoin, 5-Dogecoin).
Bitcoin equities are fascinating and can be traded on cryptostocks.com. The mining consortium Bitsmith Virtual Mining started the month trading at 0.091btc per share and ended at 0.075btc for an 18% loss. However, dividends received throughout the month totaled 0.08 btc per share.
February should be a huge month with more big name merchant adoption. It’s possible/probable that this will trigger a massive price increase. Expect further growth, innovation and surprises in the alt-coin space.