May 2013
4 posts
March 2013
8 posts
Bitcoin is a new kind of money. It’s the first decentralized electronic currency not controlled by a single organization or government. It’s an open source project, and it is used by more than 100,000 people. All over the world people are trading hundreds of thousands of dollars worth of bitcoin every day with no middle man and no credit card companies. It’s a startup currency which has never happened before.
Bitcoin is the first digital currency that is completely distributed. The network is made up of users like yourself so no bank or payment processor is required between you and whoever you’re trading with. This decentralization is the basis for Bitcoin’s security and freedom.
Email let us send letters for free, anywhere in the world. Skype lets us make phone and video calls for free, anywhere in the world. Now there’s bitcoin. Bitcoin lets you send money to anyone online, anywhere in the world for less than a cent per transaction! Bitcoin is a community run system not controlled by any bank or government. There’s no wallstreet banker getting rich by standing between you and the people you want to send and receive money from.
Bitcoin is more efficient than all competing currencies. This will drive its adoption in the same way computers were adopted, in that computers made people more efficient in competing in the marketplace. A currency has value by it being widely used. Bitcoin is a startup currency with a deflationary bootstrapping economy. Its use spreads by providing the speculator incentive.
Bitcoin is going to be the biggest opportunity for innovation that the world has seen since the industrial revolution. An idea whose time has come.
This article in The Atlantic is from last year, but with the recent news of Bitcoin’s ATM in New Hampshire and the digital currency’s surge against the US Dollar, I’ve become increasingly fascinated by alternative economic infrastructures, and found this prescient piece a good primer to share.
December 2012
10 posts
I’ve just moved house to a fantastic shabby chic thing called a “terraced maisonette” in the Battersea area on London, hence all the furniture and home ware stuff. We’ll be returning to our regular programming shortly. But “Positive Future” definitely nails the sense of things at the moment…
Browse a few pages from yachting photographer Kos Evans’ new book Walking on Water… some stunning images… what a life!