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Bitcoin’s Blockchain Tech Making Ripple Effects in Art?

Art and technology have recently started to intertwine. Digital artists since then have struggled to keep their artwork original and uncopied by others. But with options like copy and paste this dream seemed like it could never come true.

Authentication and verification are the hardest part for any artist, both in the real world, and its digital counterpart. Who wants to buy an art piece if he/she isn’t sure about its originality, its rarity? And how can anyone prove these things when art crimes are so common and hard to detect?

The search for the solution to this problem became more important when digital art came into existence. And now finally, bitcoin has provided the answer to this problem. Yes, bitcoin!

Bitcoin’s blockchain technology is the major reason this cryptographic currency has succeeded. The blockchain is a decentralized ledger, open for all to check its fairness without any loopholes for forgery.

Using the same concept as Bitcoin’s blocks and hashes, artists have begun to register their artwork. Vogler describes how the blockchain is going to be used in the art world, stating that just as bitcoin can take the place of banknotes, it can take the place of a piece of paper with license text.

Seven on Seven

Seven on Seven is an annual meeting of artists with technologists, held at the New Museum this May. The conference made this imaginative yet entirely practical idea into a reality.

The artist Kevin McCoy completed the first transaction in this symposium using Namecoin.

Namecoin is one of the many variants of bitcoin ledger technology. The difference between Namecoin and Bitcoin is that Namecoin allows users to store data up to 520 bytes along with the key. But, just like bitcoin, it requires proof-of-work in the form of hashes and can only reach 21 million Namecoins.

Artwork Transformed into Tradable, Scarce Asset

With the incorporation of Namecoin technology, artists will be able to convert their work into assets. Their expenditure on authentication will be minimal. No more heavy licensing fees and no more lawyers!

This is having significant impacts on the art world as it has made digital art more valuable than material art. Vogler himself says that by using bitcoin the artists can register their work. They can secure it with more rights and they can prove that they own it. Moreover, during a trade, they don’t need a third party to guarantee the transaction. This will cut down the expenditure of transaction fees.

Now, artists can sign their artwork and put them up for sale. Gone are the days when they feared forgery. The buyers will also taste the sweetness of this fruit. They can safely buy art without checking if the art is forged or original.

Only a few years back, most of us weren’t ready to believe that a cryptocurrency, one with no physical existence, could ever be successful. Today, in 2015, we are witnessing the full extent of what more bitcoin can promise its users. I mean who would have imagined that bitcoin’s unique and innovative open source blockchain would be creating ripple effects in art!

One thing’s for sure, this is just the beginning of a whole new world of transactions. In this world, bitcoin will lead the way, making effects not just in the financial world, but in places you would never have expected.

What do you think of this new way of using the blockchain idea? Share your opinions with us!

Art and technology have recently started to intertwine. Digital artists since then have struggled to keep their artwork original and uncopied by others. But with options like copy and paste this dream seemed like it could never come true.

Authentication and verification are the hardest part for any artist, both in the real world, and its digital counterpart. Who wants to buy an art piece if he/she isn’t sure about its originality, its rarity? And how can anyone prove these things when art crimes are so common and hard to detect?

The search for the solution to this problem became more important when digital art came into existence. And now finally, bitcoin has provided the answer to this problem. Yes, bitcoin!

Bitcoin’s blockchain technology is the major reason this cryptographic currency has succeeded. The blockchain is a decentralized ledger, open for all to check its fairness without any loopholes for forgery.

Using the same concept as Bitcoin’s blocks and hashes, artists have begun to register their artwork. Vogler describes how the blockchain is going to be used in the art world, stating that just as bitcoin can take the place of banknotes, it can take the place of a piece of paper with license text.

Seven on Seven

Seven on Seven is an annual meeting of artists with technologists, held at the New Museum this May. The conference made this imaginative yet entirely practical idea into a reality.

The artist Kevin McCoy completed the first transaction in this symposium using Namecoin.

Namecoin is one of the many variants of bitcoin ledger technology. The difference between Namecoin and Bitcoin is that Namecoin allows users to store data up to 520 bytes along with the key. But, just like bitcoin, it requires proof-of-work in the form of hashes and can only reach 21 million Namecoins.

Artwork Transformed into Tradable, Scarce Asset

With the incorporation of Namecoin technology, artists will be able to convert their work into assets. Their expenditure on authentication will be minimal. No more heavy licensing fees and no more lawyers!

This is having significant impacts on the art world as it has made digital art more valuable than material art. Vogler himself says that by using bitcoin the artists can register their work. They can secure it with more rights and they can prove that they own it. Moreover, during a trade, they don’t need a third party to guarantee the transaction. This will cut down the expenditure of transaction fees.

Now, artists can sign their artwork and put them up for sale. Gone are the days when they feared forgery. The buyers will also taste the sweetness of this fruit. They can safely buy art without checking if the art is forged or original.

Only a few years back, most of us weren’t ready to believe that a cryptocurrency, one with no physical existence, could ever be successful. Today, in 2015, we are witnessing the full extent of what more bitcoin can promise its users. I mean who would have imagined that bitcoin’s unique and innovative open source blockchain would be creating ripple effects in art!

One thing’s for sure, this is just the beginning of a whole new world of transactions. In this world, bitcoin will lead the way, making effects not just in the financial world, but in places you would never have expected.

What do you think of this new way of using the blockchain idea? Share your opinions with us!

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How to Start Using Bitcoin for Bill Payment

With advancement in technology comes ease, and the more ease we get, the more we want it. In this era, we don’t have time for anything. That’s why we value our time so much. A brand new advancement is going to make our lives a lot easier. What is it? Bitcoins!

A Bit about Bitcoins

Bitcoin is a virtual currency that’s worth a lot. Either you can earn them through a process called ‘mining’, or you can buy them. Yes, they’re accepted worldwide. There are many things that one can do with them. For instance, you can pay your bills from anywhere in the world. You can think of it as an evolution in the way we pay, an advancement perhaps as significant as the invention of credit cards.

How to Make Your Online Bill Payments with Bitcoin

With the help of organizations like Bylls, Living Room of Satoshi, and Igot you can finally make your online bill payments without accessing your credit cards and bank accounts. You can pay your utility bills and even credit card bills this way.

Don’t worry about your rent, because bitcoin has got that covered too. All you have to do is follow a simple procedure.

First, you need to have a bitcoin wallet with bitcoins in it. The next step is to set up a payee. Then all that you have to do is to select a payee and fill in some information, like how much you’re paying, and you’re done. It’s that easy!

Best part is that the charges are extremely low. Generally all you’ll have to pay is 0.5%-3% of the transaction.

You can pay your bills wherever you are this way. You might want to check if the service is available in your country — my bet is that it probably is. Right now, bitcoin organizations are providing it in New Zealand, Pakistan, Malaysia, Mexico, Argentina, Netherlands, Italy, and Australia. We’ll be seeing it in many more countries soon.

Meanwhile, you can pay your bills through Bitwala. They will make your online bill payment in exchange for bitcoins.

Why Should You Bother Paying Your Bills with Bitcoins?

Well, imagine you’re traveling abroad and you just realize that you’ve forgotten to pay your electricity bill and today is the due date. On top of that, you won’t be coming home for at least a week! What are you going to do?

You can use your credit card, bank account, or bitcoins. What if you have to pay the rent or your credit card bills and you’re too busy? If you have a bitcoin wallet, all you have to do is grab your laptop, mobile phone, or tablet and get the job done in a matter of seconds.

Another reason why bitcoins are more convenient is that you don’t have to add the account or the card number each time you want to make a transaction.

Bitcoins are definitely the currency of future. They’re free, open, fair, and easy, with a lot of potential for advancement. Rest assured that this is just the beginning — there is a lot more to come. For now, let’s enjoy the features that are available and look forward to a time not so far in the future when online bitcoin bill paying services will be available for all.

What more would you like to do using your bitcoins? Share your thoughts with us!

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Case: The Bitcoin Wallet You Need to Get

An increasing number of users have made the security measures of bitcoins more important than ever. Companies associated with the safe storage of bitcoins have started to emerge. But many of us are still rookies in this amazing world of bitcoins. We don’t have a wealth of information about technology, let alone cybercrimes and how to avoid them.

So, how are we supposed to get a safe bitcoin experience? Through wallets of course!

What Are Bitcoin Wallets?

Where do you keep all your paper money? How do you keep it safe? And organized? In wallets or vaults, right? The same idea runs in the bitcoin wallet industry. You buy a wallet and it keeps your cryptocurrency safe for you.

You may have seen this emerging innovation with paper wallets. You can buy these wallets and then use them for many purposes — as gifts, tokens, tips or simply as a wallet.

Paper wallets come with two keys. One you can see, the other is hidden inside it. Users can configure a key for certain number of bitcoins. Unless and until you have the unique keys you can’t access bitcoins.

When you purchase a key, you’re completely at the mercy of the wallet’s vendor. The vendor may or may not print multiple wallets with the same key. He can give you a fake key and may even save the key in an unsecure location. Doesn’t sound like entirely safe to me. This is where electronic wallets come into play.

Meet the Future Bitcoin Wallet: Case

In November 2014, CryptoLabs CEO Melanie Shapiro announced the release of an amazing electronic wallet, ‘Case’. It’s been priced at $199, and we’ll be seeing it in the market as soon as next month. Can’t wait for it!

Security and Ease — What Else Can You Ask For?

In an interview, Melanie Shapiro said, “There’s no easy and secure way to use bitcoin. You’re either getting security, or you’re getting ease of use.” That’s the problem that Case was designed to solve.

This credit card sized bitcoin hardware comes with extreme security measures. It makes use of a trio of keys along with biometric recognition.

Any newbie with the least amount of experience with technology can easily use Case. The design is simple, yet the technology is sophisticated enough for the purpose it serves. It has a small-screen, few buttons, a fingerprint sensor, a camera, and a global SIM card.

It operates like Kindle with 3G connectivity, allowing you to access your bitcoins in more than a hundred countries without subscription charges.

The Case lets you buy and sell bitcoins without asking for long, complicated passwords or logging on through some app. Just swipe your finger and get it done.

It recognizes that you can never share this information with anyone and that’s why Case works offline during bitcoin storage. The device is capable of producing its own keys. In case of theft, you can recover the data using the third key hidden in the cold storage.

You need two keys to make any transaction; the generated by your device and the other generated through your fingerprints. After proving your identity, you can claim the third security key from the company.

Ideas like these make bitcoin a safer environment with simplicity that allows an average person to avail full benefits of technology. The price, however, may be a turnoff. Still, increasingly the trend in bitcoin technology has turned towards the average bitcoin user. It may not be long before we’re all carrying around some type of bitcoin wallet!

What do you think about Case? Share your opinions with us!

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The True Identity of Bitcoin Creator Uncovered?

In 2009, the world saw a whole new type of currency — bitcoin. Some said it wouldn’t survive, that no one would ever accept it, and that it couldn’t work as a real currency. For 5 years, Wall Street didn’t recognize bitcoin at all. That, however, didn’t stop the currency grow continuously.

Now, finally, in January 2015 Vikram Pandit invested in Coinbase, confirming the recognition and potential of bitcoin for the future. This was then followed by Cameron and Tyler’s launch of Gemini, which is a fully regulated New York based bitcoin exchange.

Bitcoin is a cryptocurrency that is owned by no-one and everyone at the same time. Unlike conventional currencies, bitcoin is not dependent on gold or any other metal. It depends on mathematics. It’s generated by bitcoin miners.

A bizarre idea, right? But this crazy idea is working great. Who was the mad genius behind such a brilliant idea? Google it and you’ll see that a man named Satoshi Nakamoto is the founder of bitcoin.

Try searching who Satoshi Nakamoto, founder of bitcoin, is and you’ll be surprised to know that no one really knows. Yes, really!

This is probably because he wants to evade the publicity and the press. Understandable, right? Journalists, however, have a funny habit of finding out everything they’re not supposed to. How can they let this rare chance go by?

Who Does NY Times Think He Is?

NY Times reporter Nathaniel Popper claims that Satoshi Nakamoto is a fake name taken by Nick Szabo. Szabo has been singled out of many candidates as a possible Satoshi Nakamoto because of his involvement in another similar project called ‘bit gold.’

Popper argues that there are a lot of mysterious acts linked to Szabo that hint that he is Nakamoto. Szabo was associated with an online group which intended to start an online currency company. He tried to start bit gold in 1998 which didn’t work.

In 2008, he published a blog stating that he’d be working on that company again and the very next year Bitcoin emerged out of the shadows. To top it all off, he worked for Vaurum, a Bitcoin-based company. The company was able to raise $12.5 million with the help of Szabo’s business plans — plans based off Szabo’s extensive knowledge of Bitcoin.

Another similarity between him and the Bitcoin founder is found in his writing style. The Times states that research was conducted by Aston University in 2014. According to the findings of this research, Szabo’s writing style was the closest to Nakamoto when compared against all other suspected candidates.

Who Does Newsweek Think He Is?

If you think that’s convincing enough, check out what Newsweek reporter Leah Goodman has to say. According to Goodman, she had a short conversation with Nakamoto himself. She says that Satoshi Nakamoto is his real name and that he is a 64 year old Japanese American living in Temple City, California.

Goodman quotes Nakamoto’s words to prove that her conviction is correct. In her story, she claims that the old man accidently said that he’s not involved in Bitcoin anymore and added that he has handed that to some other people. And this new group is taking care of it now.

Does It Matter?

Coinbase states that no one is certain of his identity. All we need to know is that he is a genius who is extremely humble and is dedicated solely to the company. His anonymity not only saved his privacy, but also the technology.

He has laid down a strong foundation for the company and his dreams have been realized. The company now stands on its own, building itself and owned by none. It is providing easy, secure, open and fair services to everyone who wants it.

So whoever you are Satoshi Nakamoto, you have set a brilliant example for all the entrepreneurs and tech lovers out there.

What do you think about the mystery of Satoshi Nakamoto? Share your opinion with us!

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Why You Should Start Using Bitcoin Mining Chip

With every passing day, bitcoin mining is getting more complex. With so many powerful processors working day in and day out, new miners are forced to seek out easier ways to mine bitcoins.

Mining is the process of verifying transactions that take place on the bitcoin network. Every miner verifies a “block” which is then called a “hash”. The hash along with the block is then attached to a series of verified blocks called the “block-chain”

Why Do You Need Bitcoin Mining Hardware?

The Bitcoin network relies completely on the miners. Bitcoin miners group together in a bitcoin mining pool and attempt to produce a hash from the block that is put up for conversion. They pass a block through a complex algorithm and it produces a hash. For this effort, they are awarded bitcoins for each block.

Bitcoin miners must spend a lot of time working on blocks before they can verify it. This means that they have to be connected to the internet most of the time, and need a constant supply of electricity. If your algorithm doesn’t work fast enough, you’ll end up paying more for electricity than you’ll get in bitcoins for the verified transactions!

To reduce your power consumption and increase hashes produced in a second, you need bitcoin mining hardware.

The Chip That Will Convert Your Smartphone into a Mine

There are many companies that are working rigorously to increase the hashes they can produce per second and simultaneously reduce the power requirement. Among them are Butterfly Labs and HashFast. These have produced powerful bitcoin mining hardware with hash rates of 750 GH/s, consuming only 490 watts of electricity.

But these work with computers or as standalone devices. Recently, the secretive company ‘21’ has released a chip that can be attached to your smartphone or any other consumer device. This will turn your device into a bitcoin mine. 21 calls it the ‘BitShare Chip’.

The CEO of 21, Balaji Srinivasan, has pointed out the following advantages of BitShare:

An Effective Way for Micropayments

Using BitShare you can easily pay small bills directly from your cellphone. This would save or at least reduce the cloud charges faced by users.

Flexibility of Usage

BitShare comes in a single chip version. Users can purchase individual chips and use them either as a standalone embedded chip in a phone or use it as a part of a larger existing system.

Decentralized Authentication of Devices

Normally, a device has to send a Satoshi to a specified address to get authentication. BitShare has introduced new device authentication methods.

Bitcoin Subsidized Devices

Srinivasan further indicates that using BitShare embedded devices can reduce the upfront cost of many internet connected devices. This will increase their market in the developing world.

It seems like an amazing thing at first sight. But looking more closely reveals some possible issues.

First of all, bitcoin miners have even had the problem of too much electricity expenditure when mining on desktop PCs or their laptops. Wouldn’t this be also be a problem with smartphones? Can these small devices compete with ultra-fast, energy-saving, dedicated processors?

Smartphones are widely known for their too short battery life. Would they be able to run an extra and high-power-consuming hardware?

This and a lot more is coming into the world of Bitcoin. Time will tell how effective BitShare turns out to be. I guess we’ll just have to wait and see.

What do you think about BitShare? Share your opinions with us!

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Bitcoins Resurrection- Post Cryptoine Shutdown

Has Bitcoins regained its market value post Cryptoine attack?

The year 2008 marked the entry of Bitcoins — a new generation currency that is giving tough competition to paper money.

As we are familiar now, bitcoins are used for peer to peer transactions and are not regulated by any bank. None of us can deny the extensive usage of bitcoins for retail merchandise shopping, playing free slots games etc. But how stable is the present market value of this digital currency after the issues like Cryptoine attack? Let’s do a reality check in this article!

“Bitcoins are here to stay, no matter how tough the challenge is” [Tweet this]

The unfortunate incident

You should all be agreeing with me that, when the online gaming arena is embraced bitcoins gambling, the other side full-fledged hackers were getting ready for planned cyberattacks on the bitcoins vaults. On March 27, 2015 hackers attacked the Cryptoine-an exchange post trading 34 different kinds of cryptocurrencies. Despite Cryptoine’s claim of no security breach by an external party, the loss is irrecoverable as coins were definitely stolen. Let me remind all here that Cryptoine was one of the largest and most secure platforms for currency storage and exchange and the attack was not a programming bug but a well-executed theft.

“Cyber currencies are vulnerable to novel ways of digital thefts” [Tweet this]

Aftereffects

It’s not just the Cryptoine but many such exchanges in the recent have faced the deposit and withdrawal issues with bitcoins. I really feel disappointed when I read about new hacking events across hot wallets as it directly affects the bitcoins market value. Big organizations like NASDAQ x-stream, Change tip are investing their effort, infrastructure and money building licensing software’s for extra authentication and ensures safety of bitcoins during storage and transactions thereby increasing the bitcoins value in market.

“Technology is the mastermind behind the extended stay of bitcoins”

Price trends

It is obvious that such hacks are causing some of the prime exchanges to shut down their operations and such cold wallet attacks have caused around 2 bitcoins to be stolen. But the amazing fact we need to observe and appreciate here is that the prices of bitcoins are still going up and not reducing in the trade market. It means that if bitcoin traders are eager to expand their wallets and build their own stocks the market fluctuations can be minimized.

Future Predictions

In the year 2014, bitcoins prices were continually crashing and market experts predicted that people were finding other places to put their money. But the year 2015 has seen a continuous rise in the bitcoins prices following every US Marshall’s bitcoins auction. With increasing numbers of bitcoin games, bitcoin retail trade etc. online traders are very much adopting bitcoins and still investing their money. If in future governments/banks support bitcoins by investing in them, their prices can increase. Many bitcoins trade experts feel that following the heavy crash it is time for a sustained price increase for bitcoins.

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Bitcoin Casinos: The Non-trusting Gambler’s Arena

Gambling as an activity is not necessarily known as a gentleman’s game. After all, you can put blind faith into a game, praying for any amount of luck, and wagering a good sum of your hard-earned money in the process.

Bitcoins in itself is also based on a trustless concept.

The practice of transacting in bitcoins is quite known for the anonymity it provides to the parties involved; a faceless transaction that can have both its pros and cons.

Big Brother is watching

While conventional casinos are at the forefront of gambling, their ways and means does require a certain level of identity. From your credit card information, to your name and contact number.

Outside of some information that you may be required to disclose, traditional casinos also track your movement within their premises. How much you’ve gambled, how much you’ve won, and if you’ve used your winnings to bet again.

Primarily to catch fraudulent activity, the same technology is also being used to track a player’s movement. A winning player may be offered some freebies to encourage continuous playing.

Guarding your privacy

Someone wary of providing personal or account information can then have some trust issues indulging it in places such as a casino, due to the growing threat of identity theft and other credit card scams. And that is a legitimate concern!

This is the reason why bitcoin casinos can provide the perfect venue for the non-trusting gambler. Built on the concept of a trustless exchange, bitcoins, and more importantly, bitcoin casinos, can be a haven for enjoying gambling without big brother’s eye watching and with your information intact.

With bitcoin casinos, transactions are purely free of personal and account information, relying solely on the bitcoins on hand. You remain a faceless player, having the liberty to play as you please.

There are also no transaction fees to speak of when playing in bitcoin casinos. Every penny can be accounted for in games and in betting, without the initial cost that are required in the more traditional casino establishments.

Transaction is bitcoins are also taken at face value. You lose, then there is no way to dispute it. You win, the payment is transferred immediately.

If you do not trust the bitcoin casino itself, then the concept of Provably Fair can be summoned. Legitimate bitcoin casinos adhere to this concept as an additional protection for the non-trusting gambler.

With technical know-how, you can analyze the software algorithm that runs and manages the bitcoin casinos. You can even go as far as amending the software to beef up the way the games are set up!

Times are definitely changing, making it so much harder to put your trust in business and establishments. But with new concepts such as bitcoins and bitcoin casinos, you can start to enjoy the perks of gambling without the privacy risks that may be associated with it.

This makes bitcoin casinos a credible arena for the non-trusting gambler.

What are other aspects that help you trust your bitcoin casino? Share us your thoughts!

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Bitcoin casinos are the new Investment Platform option

In 2013, the price of bitcoins went as high as $1000 per piece, trading significantly closer to gold which at the time was worth $1,250 per ounce. It is of no surprise then that bitcoins, primarily through bitcoin casinos, has enjoyed considerable attention as a worthy investment platform, if not solely, but as an additional option for the discerning investor.

Bitcoin casinos have risen as a worthy alternative. If the numbers are any indication, bitcoin casinos can reap what some may say a modest profit of approximately $12,000 a month, to a whopping $122,000 per month! This is according to the 2013 numbers from Mt. Gox, the largest bitcoin exchange site. This just goes to show the huge potential of bitcoin casinos, as well as its increasing base of supporters.

Momentum

The casino business in itself has been a lucrative industry for several years now. Juxtaposed with the revolutionary concept of crypto currency, bitcoin casinos can marry the potential earnings of gambling as a commodity with the new economy that bitcoins established.

As traditional casinos revamp their marketing strategies targeting a new generation of players, the concept of bitcoin casinos have already caught the attention of a new breed of users and investors. In fact, some of the bitcoin casinos have allowed its users to be both the casino player and the investor. This type of model has proven to be an effective marketing strategy.

One of the key elements that investors look for in an investment platform is its momentum. How strong is the product’s growth? Why is it gaining popularity? The bitcoin concept while relatively new, not to mention innovative, has gained momentum since it was created in 2009 raking in thousands to millions of dollars. No new idea can boast of the same momentum.

Potential

Consider the potential it holds. Owing to its unique nature, there are no regulations, conversion fees or exchange rates that can affect your investment. If you’re a small business owner or invested in one, this could mean saving a small percentage of your profit that would otherwise be spent paying the said fees.

Some might say that investing in it is just a basic understanding of supply and demand: as more people want to use it, the higher the bitcoin value increases.

And because the investment itself is housed in your digital wallets, you have the freedom to play around with your bitcoins, either keeping it offline, or choosing to invest further in the bitcoin casino. There are no hard and fast rules.

Your investment is also not subject to being frozen in the bank or timely background checks if you’re dealing with someone halfway around the globe. It’s a borderless, real time and anonymous investment that is proving to be popular among a growing number of supporters. Sure, there are detractors to its nature but it one cannot discount the potential a digital currency and investment holds.

So whether or not you’re mining those bitcoins, or earning it in transactions, there is growing evidence that suggests to slowly starting your bitcoin and bitcoin casino investment while it’s in its infancy.

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Acquisitions Remodeling Bitcoin Exchange

Will the bitcoin market become internationally mainstream? Can we hope bitcoins to compete with fiat currencies or not? At this time, we cannot answer these questions. However, we can update you about the latest happenings in this marketplace.

The bitcoin trends are ever changing; to invest successfully it is wise to keep up with the latest changes in these trends.

Speaking of the ever changing trends, you might want to keep up with the acquisition trend of this marketplace.

According to recent reports about the bitcoin market, most of these news are almost related to takeovers as companies are moving to acquire major players. iGot, an Australian firm known for bitcoin trading acquired TagPesa for a gateway of bitcoin. The details of this deal have not been made public.

How will it be Beneficial?

The clients of this company will now enjoy a new feature introduced as a merchant. This feature provides the opportunity of accepting payments in bitcoins from anywhere. The clients can turn their coins into a fiat currency. The merchant services offered costs almost 0.5% of each transaction.

The iGot wants to increase it’s Portfolio features. This company is enjoying tractions on the marketplace, but it needs extensive exposure.

Speaking bitcoin trends, Satoshi Citadel Industries have acquired the BuyBitcoin.ph.

Satoshi is a Philippine based company involved with bitcoin trading. At this time, how much Satoshi paid for this website can’t be confirmed but it was a hefty sum for sure.

It should be minded that BuyBitcoin was doing relatively well before the takeover. Now it`s going to be a part of a much larger group. The commenters of this scene have noted constant takeovers in the market. Such takeovers are becoming a rising bitcoin trend in this market.

Bitcoins are making the market a bit centralized.

On the contrary, these are just a few examples, and this should not be seen as a rising bitcoin trend.

Will there be Any More Examples Such as These?

These acquisitions prompt a new trend that can change the face of this market. So, should we expect more changes like these in future?

We certainly will because the bitcoin market is bound to the occasional purchases. So, why doesn’t it apply when it comes to the company?

In a market that is consistently volatile, it is hard to tell what will happen next!

For people who are investing in this digital currency should look out for the caning bitcoin trend.

These shifts can indicate certain changes in the market. These can help you conclude what will happen next in the market.

it is wise to invest on a stable currency and bitcoins are proving their stability.

If you heavily invest on something you don’t know anything about, you might as well end up living on the streets.

So, before investing in something, always have a close look at its rising trends and what you should to expect from.

At this time, well-established companies are purchasing the smaller ones. This is nothing new as history is full of such examples. However, this may change the digital currency marketplace as we know. What do you have to say about it? Feel Free to share your thoughts!

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You can now buy Bitcoins instantly using your Credit Card

Being able to purchase instant bitcoins using your credit card is the utmost convenience for bitcoin gaming enthusiasts around the world.

In the recent past, this convenience was denied to many casino members because of the risk of fraud. Many bitcoin casinos wouldn’t allow for this option so players had to take the long route to purchase bitcoins.

“The risk still exists although there are operators who have taken special measures to ensure that the risk is minimal.” [Tweet this]

For this reason, it is very important that you are able to trust the seller you are using not to cheat you of your hard earned money.

There are particular sellers whose main business revolves around allowing players to purchase instant bitcoins using only their credit card. Here are a few of the trusted ones.

247 exchange

247exchange.com makes it into this list for the simple reason that the site holds a financial license and has PCI compliance certification.

This service allows you to purchase bitcoins using credit and debit cards. They allow you to use a MasterCard, Visa Electron, Visa and Maestro Card. Transactions can be conducted in Us Dollars, Euros or British Pounds.

A user needs to be verified before they can use this service and the service is currently not accepting users from USA or Canada.

Bitcoin Gift Card

BitcoinGiftCard.org allows members to purchase instant bitcoins using their credit cards. The only difference between this one and the others on this list is that the service allows for members to pay via PayPal. Gift Cards are then sent to the buyer via mail.

The only downside is that you have to wait 2 to 3 days to get your bitcoins if you live in Canada and USA or a week if you live outside North America.

Bitcoin Insanity

Bitcoin Insanity is the most versatile of all the services on this list; it offers members a variety of payment methods to choose from. This service allows you to pay using credit cards- all credit cards accepted, PayPal, cashier’s checks and even wire transfers.

Bitin.co

This service allows you to buy and sell bitcoins using your credit and debit cards. They also allow for other several other payment options including Skrill, PayPal, MoneyGram and bank transfer.

The fee for this service is 1% of the transaction amount. It is however important to note that there is a verification requirement before you can use this service.

All of these services can allow you to play bitcoin games easily since you can buy bitcoins instantly using your credit card. They also offer a variety of other payment methods.

Therefore, you can use other methods if you feel the risk of credit card fraud is too big for you.

Whatever you choose, it is clear that the ability to buy instant bitcoins using credit cards will help bitcoin gaming enthusiasts get into the game faster and easier.

As the industry grows, we can expect further security measures in place to eliminate or at least reduce the risk of fraud.

Ever used one of the above exchangers? Share with us your experience with the exchanger you used. Simply add a comment below.

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What the Scalability of Bitcoin Means to the Average Gambler

Bitcoin’s lead developer Gavin Andresen suggested a number of technical solutions for scaling bitcoin in order to support mass adoption.

The proposed solutions are meant to help the industry overcome the major hurdles that come with huge transactional volumes and downloading those bigger volumes.

Scalability means making it easier for bitcoin to be changed in size and scale making it easier for people to acquire. Andresen is seeking to increase the maximum block size by 50% every year.

This will increase the number of transactions on the bitcoin network significantly hence the use of the term scalability

“The bitcoin network is limited to seven transactions per second and the new solutions are proposed to increase these transactions.” [Tweet this]

Andresen proposes that if the new solution is put into practice, the current bandwidth in the United States for example should be able to support up to 400 million transactions a day.

This means that bitcoin will become more mainstream and more people will begin to use it as their go-to currency. But what does this mean for the Bitcoin gaming industry?

Obviously as more people begin to use bitcoins in their daily lives, the number of people signing up to online bitcoin casino sites will rise. This means the business will be more lucrative to the entrepreneurs. It also means that there will be exponential potential for growth in the casino.

What does it mean to the average gambler?

Currently bitcoin gaming world doesn’t command huge membership as compared to traditional online casinos. The main reason why this is so is because of the inaccessibility to instant bitcoins therefore a solution that will make bitcoins more accessible should be very good for the industry.

The main reason why players will choose to visit an online casino whether Bitcoin or traditional is because of the convenience online casino gaming affords a player.

Apart from the fact that they get to play their favorite game from the comfort of their home, online bitcoin casino sites as well as traditional online casinos allow a player to play from anywhere in the world.

For a while now, bitcoin gaming has been seen as an improvement to online casino gaming. The fact that bitcoin casinos give further legal incentive for players even from countries that had outlawed online gaming to play, has made bitcoin gaming the ultimate fantasy for many online casino players.

Therefore, imagine if you will that bitcoins were more accessible than they are today. The bitcoin gaming industry will be further opened up, making it very easy for players to sign up and play.

Expect better Bitcoin casinos

It goes without saying that the best entrepreneurs are the ones who are waiting for the conditions in the industry to improve before they make their move.

This means that as bitcoins become more accessible, we can expect that more online bitcoin casino sites will begin to rise.

The reason for this is very simple, with increased supply of bitcoins; there will be increased demand to play with these bitcoins at online casinos. This increased demand, will require a supply of the bitcoin gaming service.

Therefore, more bitcoin casinos will come up to fill the void and satisfy the demand.

The more competition there is in the bitcoin gaming world, the better services the players can expect to get. Is this true? Tell us what you think?

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Want to Buy Bitcoin using NETeller? Now you can

Despite the fact that NETeller had a policy in place that made it very clear, the payment processor would never accept bitcoins, the company seems to have done a complete 180 as they have now added a bitcoin deposit feature.

As soon as it became apparent that NETeller was accepting Bitcoin transactions, users of the service very nearly broke social media trying to spread and analyze the news.

“NETeller will be partnering with Bitcoin processor BitPay to make Bitcoin transactions possible.” [Tweet this]

NETeller says that they decided to include bitcoin payments into their processing options due to the fact that they are a diverse business and want to remain so.

The payment processor has for years offered its customer base different methods of payment; including bitcoin seemed like the natural way to go.

Does bitcoin gaming have anything to do with this decision?

NETeller has long been a partner for online gaming sites, providing an easy way for players to deposit and withdraw money from their casino accounts.

Therefore, the fact that the casino gaming industry is actually moving towards bitcoin gaming could be one of the reasons why NETeller made this decision.

A larger percentage of the payment processor’s members are also members of the top online casinos. Many online casino players are embracing gambling with bitcoins because of its many benefits.

In order to stay relevant, NETeller needed to embrace bitcoins to make it more convenient for gamblers to participate in bitcoin gaming.

It makes business sense for NETeller to take this route of giving clear benefits to members. With the announcement, many users took to social media and bitcoin forums to praise the move as one of the best.

For its troubles, NETeller is set to attract even more members, particularly casino players, who want to go for gambling with Bitcoin.

What does it mean for the average gambler?

We can see 5 interpretations:

For starters, it has now become a lot easier to play casino games for bitcoins. In the very recent past, it was very hard for players wishing to play with bitcoins to find ways to purchase bitcoins.

The fact that one of the top payment processors for the casino industry has accepted bitcoins means that players can now easily join the growing Bitcoin gaming community and begin to reap its benefits.

It also means that the crypto-currency is continuing to receive attention from some of the top payment processors in the business. This is a clear indication of the growth that the Bitcoin casino industry is set to experience and that the future can only be bright.

In the past there was a general reluctance by the largest online payment processors to accept bitcoins. But this trend is in reversal as they all realize that the future of payment may very well lie in this crypto-currency.

If you have been a NETeller user for long and are looking for a way to join the Bitcoin gaming industry, NETeller should provide a very smooth entrance.

Add your comments below on the use of Neteller to purchase bitcoins. Tell us how you learnt of this and whether or not you are using Neteller.

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Top Bitcoin Gambling sites that have in-built Bots

If you have been in the bitcoin gaming scene for a while now, you understand that there are some bitcoin casinos that offer players the chance to use bots. The bots are software that makes betting decisions for the player based on the player’s strategy or setting the player inputs into the bitcoin system.

“It is a widely accepted fact that the best bitcoin casino sites offering dice games are more popular with bots than others.” [Tweet this]

Bots are however very unpopular with most players. Players have argued that they don’t level the playing field and that players who use these bots often have an advantage over those who don’t.

Many players have also claimed that bots can be used by some unscrupulous casinos in the bitcoin system to scam unsuspecting members.

This is because of a disturbing trend that has been seen in many casinos. Players would choose to play using these bots and end up losing a lot of money in the process. These same casinos prohibit players from uploading their own bots into the casino’s bitcoin casino software.

If you decide to use bots

Despite the mounting disapproval of bots by many players, there are those who still wish they could use bots to play the game. If you want to use bots, it is best to understand a few things.

First of all, choose the casino you will be using very carefully, since you never know which ones are scamming their players.

Also, it is very important that you learn how to configure the bots correctly.

Sometimes some of the huge losses experienced when players use bots don’t result from the casino activities. They result from the player not being able to configure the bot correctly. If you don’t know how to configure the bot correctly, avoid using the bot until such a time as you learn how.

There are also times when a technical glitch may cause the bots to temporarily stop working resulting in quite a few losses. Therefore, you must be prepared for these times in terms of accepting these losses when they do happen.

The top casinos with in-built bots

The following are some of the best bitcoin casino sites with inbuilt bots.

Rollin.io: this casino has an automated feature that allows players to roll the dice automatically once they have all the settings in place.

FortuneJack: This casino has an auto roll format that allows players to configure different settings such as stop loss and take profit as well as increase bet by a certain %.

Bitcoin Video Casino: This casino offers players the chance to use bots in various games including video poker, keno, craps, blackjack, dice and roulette. It also has an autoplay feature for all of these games.

999Dice: this site offers a non-sophisticated system that allows for player to automatically roll the dice. It is a pretty simple bitcoin system compared to the others on the list.

All of these sites have been proven to be legitimate. All you have to do is ensure that you configure whatever bot you are using with the right settings.

Do you like using bots? Share with us what precautions you take to ensure the bot is working like you want it to.

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Is your Money safe when you play at Bitcoin Casinos?

Most people fear online gambling. If you really think about it they are not so paranoid. There are serious cases of credit card fraud related to online gaming most of them reported in the recent past. Sure, some casinos have taken security measures that ensure your money and bank account information will remain safe, but some players are still skeptical.

“Bitcoin casino sites have eliminated this fear completely. At least for those who are aware of how bitcoin gambling works.” [Tweet this]

The legality of bitcoin gaming has been called to question more than once in the industry’s young life. However, even the critics agree that bitcoin gambling has opened up the world of gaming in a way that no other technology has in a while. The best bitcoin gambling makes it easy for players from any part of the world to join the game for the simple reason that the crypto-currency doesn’t recognize any country’s laws on currency.

But, is your money safe when you play with bitcoins?

For those who are still paranoid, it is important to note that in bitcoin gaming there is no actual exchange of cash. The casino doesn’t actually handle any of your money. The bitcoin exchange agency you use will take your money in exchange for bitcoins. For this reason, our money at a bitcoin casino is as safe as it would in your pocket because you never get to give it to the casino.

There are some casinos that will offer you the cash as well as the bitcoin betting option. In this case, it is up to you to ensure that you choose the option that best suits you and your needs.

Your safety is assured

When bitcoin first started, the industry was marred with confusion about how it would work. However, true to the nature of the internet the business spread fast and the casinos sprung up really fast. They welcomed more members faster than any online casino ever has because of the legal leeway that the casinos afforded its players.

Players feel safer when they play at bitcoin casinos than they have at online casino.

The simple reason for this is anonymity. It is not uncommon to find online casinos that don’t even require your name when signing up. They allow you to play anonymously and hence no fraudster has any of your information. Therefore, it is impossible for you to lose any of your money when playing at a bitcoin casino.

The safety and security that bitcoin casinos offer you are just one of the few benefits you will get from joining a bitcoin casino.

If you are still hesitant of the online bitcoin environment, you will not be able to understand the benefits you could get.

This will only happen if you join the casino and have firsthand experience. The truth is that those who have made the switch to bitcoin gambling will not be making any more moves. Bitcoin casinos may just be the future of online casino gambling.

Ever had an issue with the security of your funds when playing with bitcoins? Tell us all about it.

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Is Using Bitcoin Bots Bad for Bitcoin Gambling?

If you have ever done binary trading online or currency trading online, you are no doubt aware of the bots (short for robots) that these traders use to make trading easier.

Bitcoin casinos are also known to employ these bots to enable players to better utilize and to make it easier to place bets wisely. These bitcoin gaming bots are usually software that uses a form of API that helps a player place bets based on a previously chosen strategy.

“The player chooses a strategy and the robot is able to utilize this strategy to place bets on the player’s behalf.” [Tweet this]

They make it hard for human players to compete

If you ask a lot of players especially in bitcoin casino reviews or on bitcoin forums, they all share a sort of universal dislike for these robots. The reason for this is very simple.

When a player employs the robot to help them place bets in any game, they sort of have an unfair advantage over their opponents. The bot is able to make judgments and decisions faster than a human can. It can also generally calculate probability far better than a human being could ever be able to.

A huge part of gambling is emotional and these robots eliminate that crucial part of the game for the player using it.

The thrill of gambling has to do with emotions and since robots don’t have any, they are able to make rational decisions very quickly. In this way, they are at a better advantage than the average gambler.

It is likely to experience huge losses when using bots.

You need to keep in mind that these bots are man-made software and hence are prone to a number of technical issues. The results of a bot having technical issues is usually massive losses for the player using the bot.

It is also very likely that the player could experience huge losses when he/she configures the bot wrongly. For this reasons bots are best used very cautiously.

Bots are often popular in bitcoin casinos that offer dice games and while these casinos will actually encourage the use of bots, they often discourage against players getting bots from outside sources. If they cannot allow players to play with other bots, then that tells us they are counting on your huge losses. These huge losses to you are huge profits to them.

Should you use bots?

First of all the decision to use or not to use bots is entirely up to you. It is however wise to keep in mind that some of these bots may actually be designed to ensure you lose. Therefore, if a site allows you to come up with your own bots, then you can use bots to enhance your bitcoin gambling experience.

It is important though to remember why you gamble. For the most part it is for the thrill of the game and bots will more often than not eliminate this thrill for most players. In-built bots can either be helpful or hurtful to your bitcoin gaming. It, therefore takes a lot of checks and balances to use bots to your advantage.

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How diverse is the Online Bitcoin Gaming Industry?

Bitcoin casinos are just heating up as far as diversification is concerned. The bitcoin system of gambling is still too young for diversification to be the main aim for the top bitcoin casino. Despite this, the industry is growing at a very fast rate and we can expect to see more sophisticated bitcoin casinos coming up in the market.

It is not that the ones that are there right now have not tried to make their services as diverse as possible. It is that they are still relatively beaten by traditional online casino in the area of diversification.

For example, online casinos have for a long time now been able to offer live dealer games such as live poker, live roulette or live blackjack. Bitcoin casinos are relatively new to this kind of diverse service provision.

“Bitcoin gaming is doing very well in providing services to players despite the fact that the industry is still new.” [Tweet this]

The all important registration

How can you tell that a particular casino will be a good place for you to play your game? The answer to this question is very easy. In fact, let’s answer it with another question.

How easy was it to register to that casino? If it took you longer than you are comfortable with to register to a casino, almost right off the bat, you can tell that this casino may not be the ideal one for you.

The trouble is the above scenario best describes some of the best online casinos in the market. The reason for this is very simple. Most of these online casinos require too much information before they can confirm your membership. The entry of bitcoin casinos greatly reduced the amount of time it takes to register to a casino.

Bitcoin registration in some casinos is instant. They don’t require too much information to get you set up and ready to play. In fact, in some casinos, you can even play completely anonymously; meaning you don’t have to give them any of your information to get started.

Diverse games

It is very true that some of the sophistication in terms of gaming capabilities we have come to see in online casino is yet to make an appearance at bitcoin casinos. This however doesn’t mean that you will not be able to enjoy yourself at a bitcoin casino.

Bitcoin casinos have all the games you would expect to find at a traditional casino. Some of the best bitcoin casinos have stocked some of the best games including poker, video poker, dice, keno, bingo and slots.

The games are as diverse as you can expect with each bitcoin casino working very hard to ensure that its members have their game of choice. It is also expected that these casinos will grow to embrace some of the sophistication we see at online casinos.

It is also quite possible that these traditional online casinos will embrace bitcoin betting. As a matter of fact most of them already have. This is a clear indication that the future of online gaming is bitcoin casinos.

Give us your predictions on the future of bitcoin gaming. Where do you think we will be in the next 5 years.

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How to Enhance your Bitcoin Gambling Experience

The advantages of joining a bitcoin casino are many. They range from enhanced security to easy, almost instant registration. This is the reason why the experts predict an immense growth in the industry and more and more gamblers are joining the bitcoin gaming bandwagon.

Because they are still new, it is not uncommon to find new Bitcoin online casinos popping up every day. This situation can be confusing especially to new Bitcoin players who would like to find the best casino for them.

“In order to enhance your gambling experience you need to find the right casino to join.” [ Tweet this]

How to choose the right Bitcoin casino for you

There are a lot of online Bitcoin casinos, all of them with impressive qualities, games and great payouts. Therefore, it is not uncommon to get confused over which one you would like to play at.

Seeing as they are all using this crypto-currency, they all likely will offer you the same benefits. You can expect that your registration to the casino will be almost instantaneous and that you will enjoy some of the other benefits the casino will provide you with such as anonymity and the freedom to play from just about anywhere in the world.

In this way all Bitcoin gaming sites seem similar. This is however only a relative truth because not all of them will offer the same type of games; provably fair bitcoin casinos will guarantee the best promotions and rewards.

Therefore, here’s what you need to look out for when seeking the best casino for your needs;

The best casino needs to be easy to sign up to

Your ideal casino should be able to easily provide you with the game that you enjoy to play otherwise there would be no need to join

Your ideal casino should be a casino that has a good reputation among other players

You also need to pick a casino that is legitimate and that has been around enough to know exactly what the players need.

Use forums to find the best Bitcoin gaming sites

You will want to join a casino that has a great reputation for providing players with exactly what they want, when they want it. The easiest way to do this is to ask other players. You can do this very easily by checking out what others are talking about in Bitcoin forums such as bitcointalk.

These forums will give you all the information you could need on any of the casinos available right now. This is first hand information since most of these members have played at these casinos at one time or another.

Another way to find out which casinos to join and which ones to ignore is to check out bitcoin casino reviews since they have quite a bit of information regarding each casino.

Your Bitcoin gaming experience will depend on the casino you choose. This is why it is imperative that you make the right choice to avoid having to move from one casino to the next all the time.

Use the tips outlined above to enhance your gambling experience. Leave us a comment on how it works out for you.

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