Friday, June 30, 2017

Former Barclays Chief Believes Blockchain and Cryptocurrencies Could Make Banks Irrelevant

Former Barclays Chief Executive Believes Blockchain and Cryptocurrencies Could Make Banks Irrelevant

Former Barclays chief executive and current UK shadow chair of the Institute for Apprenticeships, Antony Jenkins has warned that banks may become antiquated and irrelevant should they fail to embrace contemporary fintech solutions in a recent interview with CNBC.

Also Read: Barclays Want UK Government to Regulate Bitcoin

Mr. Jenkins Suggested That Emerging Financial Technologies Pose an Existential Challenge to Traditional Banks

Antony Jenkins warned that banks may become subject to creative destruction should they fail to embrace cryptocurrency technology. In a recent interview with CNBC, Mr. Jenkins suggested that adopting distributed ledger technologies could produce efficiency savings of between $80-$110 billion, and allow traditional financial institutions to be competitive with bitcoin and other emerging financial technologies.

Former Barclays Chief Executive Believes Blockchain and Cryptocurrencies Could Make Banks Irrelevant

“We’re really at the end of the beginning of what we see as a revolution driven by technology with financial service… as the technologies develop and season, they’re going to create a totally different way of doing banking and financial services,” Jenkins told CNBC at the Money 20/20 Europe conference in Copenhagen. “Now we will see the possibility… [of] banks becom[ing] irrelevant to their customers. Banks can avoid that, but they have to act now, and what they really need to do is think about innovation, but also transformation, doing something radically different.”

Mr. Jenkins’ Remarks Come as the Bank He Previously Chaired Announced It Has Met With UK Regulators Regarding Cryptocurrency

Jenkins described cryptocurrencies and other breakthrough financial technologies as just the start of a major transformation of traditional banking practices. “This is just in the footprints of what’s going to happen here. As these technologies season and develop, we can imagine total transformation of the banking system, using blockchain for example, in a world where banks don’t really exist anymore.”

UK Shadow Chair of Institute for Apprenticeships Believes Blockchain and Cryptocurrencies Could Make Banks Irrelevant

Antony Jenkins’ remarks come at the same time as the bank that he previously chaired, Barclays, announced that it has been in direct communications with the UK Financial Conduct Authority with regards to developing a permissive regulatory framework for cryptocurrency businesses in the United Kingdom.

Remarks such as those from Antony Jenkins and current Barclays CEO Ashok Vaswani illustrate the recent influx of leading figures in the mainstream finance industry seeking to embrace and profit from cryptocurrency technology. Despite the enthusiasm from the finance industry, many within the cryptocurrency remain skeptical about major global financial institutions utilizing blockchain technology – arguing that such may lead to blockchain and bitcoin technology being used as a tool for greater centralization and an augmentation in the global finance industry’s profits and power.

Do you think that greater adoption of blockchain and cryptocurrency technology by banks will undermine the core vales of bitcoin? Share your thoughts in the comments section below!


Images courtesy of Shutterstock


Do you want to talk about bitcoin in a comfortable (and censorship-free) environment? Check out the Bitcoin.com Forums — all the big players in Bitcoin have posted there, and we welcome all opinions.

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XinFin.Org Blockchain Releases Business White Paper Showcasing IoT Enabled Real World Connectivity

XinFin.Org Blockchain Releases Business White Paper Showcasing IoT Enabled Real World Connectivity

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

XinFin.org which opened it’s Pre ICO sale 3 weeks ago is entering into it’s last week, opens its community forum and white papers.

XinFin.org an ethereum derived blockchain released it’s business white paper and technical summary to the blockchain community today. XinFin.org had opened it’s Pre ICO three weeks ago.
XinFin Business white paper unveils it’s plans to connect real world IoT enabled devices and projects to XinFin XDC blockchain to enable transacting and peer to peer financing. The architecture has been designed to provide retail, enterprise and Government applications.

“XinFin XDC is shortly entering into a Pilot project that will connect cloud connected IoT enabled water purifier ATM machines in remote parts of Africa, India and other asian countries. The local municipalities unable to raise capital for such critical infrastructure projects can allow transparent reporting of real time usage and statistics of the device. Global Financiers can directly fund the device to provide affordable facilities for locals. XinFin has also designed repayment architecture that allows the revenues from the usage of these equipments to be repaid to the investors at nominal interest rates using the XDC platform. This model once proven successfully can be implemented to finance an entire hospital with real time statistics or even Toll Roads. In the consumer equipments lending architecture, investors can directly finance Farm Equipments such as tractors. The architecture once proven can be used by authorised and regulated entities locally.” said Alex Mathbeck, Head of marketing for XinFin.org.
“The world can use XinFin technology to bridge $5 trillion infrastructure deficit.” added Mr. Alex.

“XinFin is also readying it’s global trade and finance focused marketplace portal, tradefinex.org to start pilots with real world enterprises which can facilitate peer to peer trade and finance with real time settlement. This process takes months today and most of the times can not be facilitated by limitations of the FIAT mechanism.”

XinFin.org is building it’s own version derived out of Ethereum codebase that is better suited for these business cases. The Technical summary released to the community unveils that XinFin is currently forking the open source Ethereum codebase to allow Gerant nodes or master nodes for fast transaction processing times. XinFin blockchain is a permissioned distributed network which means it will not be open to public for mining. The miners will be evaluated and will be required to follow military grade standards to host a gerant node. The design is meant to address to major issues with Blockchains today. i.e security and scalability. XinFin is also building a Hybrid architecture that can connect public ethereum blockchain and public bitcoin blockchain to it’s permissioned environment through a secure layer.
XinFin also opened it’s community forum for participation on http://www.xinfin.net

The Pre ICO is nearing its last week and early backers can follow the steps at the following site to buy XDC Pre ICO tokens: http://ift.tt/2rHKc8F


This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post XinFin.Org Blockchain Releases Business White Paper Showcasing IoT Enabled Real World Connectivity appeared first on Bitcoin News.



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PR: Rivetz Introduces Decentralized Cybersecurity Token to Secure Devices

Rivetz Introduces Decentralized Cybersecurity Token to Secure Devices

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

RvT Token Technology Can Enable Provable Cybersecurity Controls, Putting Device Security on the Blockchain

RICHMOND, MA — Rivetz Intl., a newly formed subsidiary of Rivetz Corp., today announced the RvT cyber security token, created to combine trusted computing with blockchain technology that can offer comprehensive privacy protection. Rivetz believes the RvT token will enable multi-factor authentication across devices, to achieve provable security at the transaction and authentication level. Furthermore, Rivetz believes the solution will enable peer-to-peer transactions to have provable cyber controls that become a permanent part of the blockchain record, providing cryptographic proof that the measured protections were in place before a transaction can execute. The Rivetz solution is built on technology that has already been delivered on over a billion devices containing ARM-compatible processors.

RvT token technology takes advantage of the established capabilities of the Trusted Execution Environment (TEE) to provide a vault on the device to securely enable machine execution of instructions that are subject to owner-led policy. The Rivetz trusted app checks the status of a device before undertaking a task, such as connecting to the cloud. If the current condition of the TEE and the registered reference conditions match, the task can proceed. If not, the task will not be permitted.

“Since my introduction to blockchain in 2013, it’s been clear that blockchain technology and trusted computing have the potential to provide the global infrastructure to enable billions of trusted computing devices already in circulation with built-in decentralized cyber security,” said Steven Sprague, Founder of Rivetz. “We’ve invested and built the foundations to realize that vision. Rivetz believes that the launch of the RvT token and RvT powered services will provide a decentralized operational and economic model to boost the adoption of built-in security controls.”

The launch of the RvT token builds on existing trusted computing technology already deployed by Rivetz Corp., which has been done over the last three years to prototype advanced transaction and security capabilities. Blockchain, IoT, cloud computing and many other markets can benefit from provable controls. Today’s devices contain advanced security hardware, and Rivetz’s mission is to put that deployed security to work to provide a simpler, safer experience for users.

The launch of the RvT token sale is expected to take place on July 25, 2017. More details along with a technical white paper are available at: www.rivetzintl.com.

About Rivetz International
Rivetz International is a wholly owned subsidiary of Rivetz Corp., focused on solving problems associated with consumer and machine-to-machine digital transactions. Rivetz technology provides a safer and easier-to-use model for all users to protect their digital assets using hardware-based device identity. The device plays a critical role in automating security and enabling the controls that users need to benefit from modern services. Rivetz leverages state-of-the-art cybersecurity tools to develop a modern model for users and their devices to interact with services on the Internet. For more information, visit www.rivetzintl.com

All product and company names herein may be trademarks of their registered owners.

TokenMarket Contact: Freya Stevens, freya@tokenmarket.net
Rivetz Media Contact: Transform Group, rivetz@transform.pr
Rivetz Company Contact: info@rivetz.com


This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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via Bitcoin.com

Japanese Bitcoin Exchanges Roll Out Insurance to Help Merchants Accept Bitcoin

Japanese Bitcoin Exchanges Roll Out Insurance to Help Merchants Accept Bitcoin

Japan’s leading bitcoin exchanges, Bitflyer and Coincheck, will start offering insurance for merchants to cover failed transactions involving bitcoin.

Also read: Bitpoint Adds Bitcoin and Ether Payments to Platform with Unionpay, Wechat Pay and Alipay

Insurance for Bitcoin-Accepting Merchants

Two of Japan’s leading bitcoin exchanges, Bitflyer and Coincheck, are partnering with large Japanese insurance companies to offer merchants insurance to protect them from Bitcoin transactions that do not go through correctly, Nikkei reported. “Policies will cover losses from botched payments,” the publication described, adding that:

The hope is that more stores will adopt bitcoin as a payment method if they are not forced to simply eat such losses.

Japanese Bitcoin Exchanges Roll Out Insurance to Help Merchants Accept BitcoinSince the Japanese government started recognizing bitcoin as a legal method of payment on April 1, a growing number of merchants have started adopting the digital currency.

Recently, Bitcoin.com reported on businesses in Japan’s number one electronics shopping district, Akihabara, accepting bitcoin. Both Coincheck and Bitflyer have continually been signing up retailers across Japan to start accepting bitcoin, such as Bic Camera and some popular capsule hotels.

Bitflyer and Mitsui Sumitomo Insurance

Japanese Bitcoin Exchanges Roll Out Insurance to Help Merchants Accept BitcoinThe Tokyo-based Mitsui Sumitomo Insurance Group (MSIG) is part of the MS&AD Insurance Holdings Group. Japan’s largest bitcoin exchange by volume, Bitflyer, has announced that it has partnered with the insurance company to offer merchants a way to receive compensation for failed Bitcoin transactions, Nikkei detailed, adding that:

The insurance package rolling out Friday will be the first of its kind in Japan.

Japanese Bitcoin Exchanges Roll Out Insurance to Help Merchants Accept BitcoinThis insurance “will cover damages if a customer payment does not go through correctly due to system problems or other issues,” the publication noted.

This is not the first time Bitflyer has worked with MSIG. In November 2016, the two companies started co-developing “Japan’s first cyber insurance policy for Bitcoin businesses,” they announced at the time. The two “have collaboratively created a special insurance package with comprehensive compensation for Bitcoin businesses for risks associated with cyber attacks,” they described. The policy covers a wide range of damages incurred from the theft and disappearance of bitcoin following cyber attacks, as well as other support services.

“The total coverage, ranging from 10 million yen ($89,000) to 1 billion yen, will be offered against damages and losses caused by cyber attacks and other unauthorized accesses, as well as mistakes and impropriety by employees,” Nikkei reported at the time.

Coincheck and Tokio Marine & Nichido Fire Insurance

Japanese Bitcoin Exchanges Roll Out Insurance to Help Merchants Accept BitcoinAnother leading Japanese bitcoin exchange, Coincheck, is also preparing to offer a similar insurance product by teaming up with Tokio Marine & Nichido Fire Insurance, a property and casualty insurance subsidiary of Tokio Marine Holdings, according to Nikkei.

Japanese Bitcoin Exchanges Roll Out Insurance to Help Merchants Accept BitcoinEarlier this month, Coincheck announced a different insurance product through the same Tokio Marine & Nichido Fire Insurance company. This insurance would compensate Coincheck users up to 1 million yen in case of “unauthorized login to user account.” The exchange said that this type of coverage is the first of its kind in Japan.

“We will indemnify damage incurred by unauthorized login to a user account that has set up 2-step authentication on the virtual currency exchange ‘Coincheck’ that we operate,” the exchange announced at the time, adding that “we will pay up to 1 million yen as compensation amount per request.”

Other Insurance Options

A few different types of insurance covering Bitcoin transactions already exist. However, they are third-party services, and not offered by the exchanges providing merchant processing solutions. Often, merchants are not aware of these services at the time they sign up to start accepting bitcoin.

Japanese Bitcoin Exchanges Roll Out Insurance to Help Merchants Accept BitcoinGAP600, for example, is a US-based insurance underwriter used by Shapeshift, Cubits and Coinify. Founded in 2015, the company underwrites Bitcoin transactions for merchants, developers and service providers to allow zero-confirmation transactions, according to its website. GAP600 describes its product as an insurance service that “bridges the time gap from the published transaction on the Bitcoin network to the moment it joins the blockchain, by immediately confirming Bitcoin transactions even before they reach the block chain and are included in a mined block.”

Blockcypher offers another type of insurance for zero-confirmation bitcoin payments, which the company bundles with its confidence factor scoring system. Although their affordable API-driven service can help merchants decide in real-time if transactions are risky, the added insurance only covers payments up to $9 in value.

What do you think about bitcoin exchanges offering insurance to merchants? Let us know in the comments section below.


Images courtesy of Shutterstock, Bitflyer, Coincheck, MSIG, and Tokio Marine & Nichido Fire Insurance Company


Need to calculate your bitcoin holdings? Check our tools section.

The post Japanese Bitcoin Exchanges Roll Out Insurance to Help Merchants Accept Bitcoin appeared first on Bitcoin News.



via Kevin Helms

Asia-Focused Luxury Travel Agency Smiling Albino to Start Accepting Bitcoin

The Southeast Asian travel agency, Smiling Albino, announced they would begin accepting bitcoin for payment on August 1. The company is based out of Bangkok, Thailand. They work with clients to provide specialized and tailored traveling throughout Southeast Asia. They will accept bitcoin transactions for organizing customized travels in Thailand, Cambodia, Vietnam, Laos and Myanmar. The destination management company has been providing these luxury travel services for about 15 years. 

Also read: Felt Boot Restaurant Valenok Becomes the First in Moscow to Accept Bitcoin

Smiling Albino accepts bitcoin from clients directly in a peer-to-peer fashion, although they want clients to use non-exchange-based wallets. They do this so their client’s funds do not have a chance of getting lost and are broadcast immediately on the network.

Smiling Albino’s Clientele and Its Reason for Accepting Bitcoin

The company mentioned the reason why they started accepting bitcoin in a press release. They say they have a sophisticated and tech savvy clientele and that their clients are the movers and shakers of their industries, so they need payment methods that match their station in life.

Smiling Albino’s Director of Business Development Stephanie Rowe summed up this position. She said, “Our core clients are leaders in their fields and innovators. By adapting early to cryptocurrency we hope to facilitate, for some of our clients, easy payments for on-the-fly bookings or add-ons during their trips. Staying ahead in financial transactions is just one of the many ways we show we’re leading the way in luxury travel”.

Overall, Smiling Albino suggested they are accepting bitcoin because it is a more efficient way to book travels. Their customers are paying overseas and this reduces unseen costs and unnecessary overhead for their clients.

Smiling Albino Destination Management Company Accepts Bitcoin for Luxury Travels in Southeast Asia

More Companies Start Accepting Bitcoin

Since Japan accepted bitcoin as a national currency, many companies have joined in on the bitcoin mania. It is no surprise that many of these companies hail from Asia and other eastern parts of the globe.

For instance, in order to wet the appetite of bitcoin users, Smiling Albino Destination Management Company Accepts Bitcoin for Luxury Travels in Southeast AsiaJapanese bitcoin exchange Bitpoint recently partnered with Nippon Pay to bring bitcoin as a reliable payment method to many users. Nippon Pay is a multi-payment platform that specializes in expediting mobile payments. They leverage Wechat Pay, Alipay, and Unionpay as part of their service. This greatly expands the influence of bitcoin across Japan and other parts of Asia. Payment additions for South Korea, Thailand, and Taiwan are also being implemented.

What do you think about more travel agencies and Asian companies starting to accept bitcoin? Let us know what you think in the comments below.


Images via Shutterstock and smilingalbino.com


Do you agree with us that Bitcoin is the best invention since sliced bread? Thought so. That’s why we are building this online universe revolving around anything and everything Bitcoin. We have a store. And a forum. And a casino, a pool and real-time price statistics.

The post Asia-Focused Luxury Travel Agency Smiling Albino to Start Accepting Bitcoin appeared first on Bitcoin News.



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Thursday, June 29, 2017

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Pantera Capital Files With SEC for ICO Hedgefund

Pantera Capital Files With SEC for ICO Hedgefund

United States-based bitcoin investment firm, Pantera Capital, has filed with the U.S Securities and Exchanges Commission (SEC) for an Initial Coin Offering (ICO) hedgefund.

Also Read: SEC Eyes Initial Coin Offerings for Regulatory Oversight

If Successful, Pantera ICO Fund LP Will Be the World’s First ICO Hedgefund

Pantera Capital is hoping to become the first bitcoin investment firm to offer an ICO hedgefund. The Pantera ICO Fund LP plans to offer investors a diversified and third-party managed means to speculate on upcoming initial coin offerings, claiming to mitigate much of the risk associated with investing in pre-market cryptocurrency projects.

Pantera Capital Files With SEC for ICO Hedgefund

 

Pantera Capital was formed in 2013, comprising the first US-based bitcoin investment firm. The company has invested in numerous cryptocurrency heavyweights, including blockchain-based remittance service Abra, leading South Korean bitcoin exchange Korbit, and altcoins Ripple and Zcash. Pantera CEO Dan Morehead and Auger co-founder Joey Krug will be chief investment officers for the fund, with Krug now joining Pantera Capital as a full-time employee.

In a recent interview with Techcrunch, Joey Klug, Dan Morehead, and Pantera Capital partner Paul Veradittakit articulated their intentions for the ICO hedge fund. The ICO hedgefund will have a preference for investing in “protocols where the token is integral to the functioning of the service itself… where tokens are the only exposure to the network.” Ideally Pantera will invest in projects where the development team has experience with “buil[ding] an open source community on a large scale”, with the fund planning to hold tokens for between ten and twenty projects at any one time. Pantera are also planning on having direct engagement with the projects that they invest in, with Paul Veradittaki stating that “[Pantera will] help provide the right connections, whether in terms of marketing or recruiting or business development.” Where possible, the fund hopes to be the largest participant in the projects it invests in.

Dan Morehead suspects that ICOs may come to supersede traditional VC firms, describing such as the principal motivation behind Pantera’s ICO fund. “In [2017’s] second quarter, ICO issuance was greater than venture capital, with $210 million [invested in ICOs] versus $180 million [invested into startups by VC firms. We do expect that transition to continue.”

Pantera’s Filing With the SEC Comes Before a Clear Regulatory Apparatus Has Been Developed for Initial Coin Offerings

The fund will be open to private and institutional US-based investors, offering a means for many venture capital firms to participate in the ICO markets that are otherwise unable to directly invest in cryptocurrency projects due to company policies. The company plans to open up to non-US investors in the future.

Pantera Capital Files With SEC for ICO Hedgefund

Pantera’s filing with the SEC comes before a clear regulatory apparatus has been developed for initial coin offerings. Recent controversies surrounding particular cryptocurrency pre-sales have been prompting experts to forecast the inevitability of a regulatory crackdown on ICOs. Recent reports have evidenced that the SEC is actively looking at ICOs, citing a lack of transparency and oversight as areas of concern. Despite such, Dan Morehead and Pantera Capital are confident that Pantera ICO Fund LP will be able to comfortably adapt to future regulations. “All these new currencies are along a spectrum and have various attributes, and various regulatory bodies around the world, including the CFTC and the IRS, have taken clear stances on them already. Other agencies haven’t ruled on them, but I think it’ll be the same with token sales, where there will be a period of time where they figure out how they fit into existing regimes or whether new regimes are needed to regulate token sales.”

The firm is currently in the process of a $100 million fundraising campaign for the venture, having already successfully secured over $25 million.

Do you think that Pantera’s ICO hedgefund will have positive implications for the cryptocurrency economy? Share your thoughts in the comments section below!


Images courtesy of Shutterstock and Pantera Capital


At News.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

The post Pantera Capital Files With SEC for ICO Hedgefund appeared first on Bitcoin News.



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Midwest Peace and Liberty Fest: Intimate Fireside Bitcoin Conversations

Midwest Peace and Liberty Fest

On June 22 to 26, many anarchists and freedom families congregated in Delton, Michigan for the Midwest Peace and Liberty Fest 5. It is a gathering for all liberty lovers who are looking to network, connect, mingle, and spend some time in nature. Bitcoin.com was lucky enough to make an appearance at the festival and provide attendees with cryptocurrency information and plenty of swag.  

Also read: Surveys Suggest Bitcoin Still Has Enormous Growth Potential

Aesthetic of the Fest; Amazing Speaker Lineup

The mood of the fest was light and intimate. The festival grounds were lush and serene. They included a wooded area with an orchard, plenty of camping spots, and wildlife galore. The atmosphere seemed to encourage bonding between everyone involved. Most of the revelers were there to share their love of liberty, decentralization, and compassion. The fest’s website described it in a similar fashion:

“You can expect diverse and life-enriching experiences at this year’s Fest. We know how valuable free time, sharing meals, conversation, and connection with a like-minded community is, and with that in mind we’ve made sure to maintain the laid back and flexible nature of last year’s festival. We are also aware that there is value in highlighting the innovative and intelligent minds the liberty community has to offer from across the Midwest. At the pavilion, expect a line-up of Midwest sourced liberty enthusiasts offering talks, interactive discussions, demonstrations, and dialogues on the most pertinent issues relevant to your freedom.”

This year’s talks were no exception regarding the quality of speakers. Several of the greatest minds in the liberty provided talks. Some of the subjects included peaceful parenting, government overreach, dealing with police, and slashing healthcare costs. Speakers included Dayna Martin, Jeffery Tucker, Mary Ruwart, Adam Williams, Nick Hazelton, Paul Gordon, Andrew Marich, Shane Radliff, Jeff Wood, and others.

Midwest Peace and Liberty Fest: Intimate Fireside Bitcoin Conversations

Solving the Bitcoin Scaling Dilemma by the Campfire; Jeffrey Tucker Talks about Bitcoin and Blockchain

One of the most pertinent cryptocurrency events at the festival was an impromptu bitcoin discussion panel that cropped up as the stars grew bright in the sky and the campfire crackled.

The discussion revolved around how to successfully resolve the scaling dilemma. Critiques on Blockstream and Core came up. There were also people who did not know much about bitcoin, so the fireside discussion offered a teachable moment for those individuals. Overall, the discussion was polite. It was also intimate and allowed for many details of each thought to be fleshed out.

Jeffery Tucker also referenced the importance of the blockchain revolution and the growing number of cryptocurrency millionaires in his talk. He called the emergence of these new wealthy crypto elite the new “blockchain aristocracy,” because they will be replacing the old order. He implied bitcoin and other cryptocurrencies are the technologies of liberty, and they are here to stay. He said this is a beautiful time to be alive.

Midwest Peace and Liberty Fest: Intimate Fireside Bitcoin Conversations

Perks of the Festival; Bitcoin Vending

The talks were truly amazing…but the vibe of the festival inspired appreciation and love all on its own. Everywhere people were enjoying themselves and living as freely as possible. They chatted, hugged, and dined in tents or in the cabins. They danced under the moon at the festival’s ‘Anarchy Ball’ on Saturday night.

There were also vendors selling all types of merchandise, including food, Kratom, books, trinkets, and other goodies. The cool thing was most of the vendors accepted bitcoin. It is true the internet was a bit sketchy in some parts of the campground, but everyone was willing to cooperate even when technology was not. The festival was amazing and rife with freedom. Anyone interested in decentralization and cryptocurrency should consider going to the fest if they have never attended. It promises a joyous experience for anyone who embraces the nascent future of anarchy.

Would you be willing to venture out to Michigan for the Midwest Peace and Liberty Festival? Share your thoughts in the comments section below!


Images courtesy of Shutterstock and Midwest Peace and Liberty Fest


At News.Bitcoin.com all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.

The post Midwest Peace and Liberty Fest: Intimate Fireside Bitcoin Conversations appeared first on Bitcoin News.



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Who Am I?
Everyone wants to know who’s teaching them. Well, here’s my bio:
I started out as NOT A PROGRAMMER. Hard to believe when I tell you that I’ve worked on dozens of the most popular apps out there right?
The fact that I didn’t start out as a programmer means that I actually remember what it’s like to be a beginner. I remember teachers throwing useless jargon at me and you know what?
It sucked!
That’s why in this course I tell you everything you need to know in plain English!
In Silicon valley venture capitalists talk about return on investment a lot. A good return averaged over all their assets is something like 10%.
Imagine if you could have a return in the thousands of percent?
Well that’s what you get when you take this course. An investment of a few coffees returns your investment multiple times over!
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You are your biggest asset. Invest in yourself and take this course today!
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Basic Swift 4 and iOS 11 – Free Preview
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