Bitcoin News from Finland!

Outstanding news for Bitcoin today, from Finland.

“Bitcoin is a monopoly run by a protocol, not by a managing organization. Familiar monopolies are run by managing organizations with discretion to determine and then change prices, offerings and rules. Monopolies are often regulated to prevent or at least mitigate their abuse of power”

 

Finland Central Bank Praises Bitcoin

It’s a jungle out there!

So, it may surprise some of you to know that there are other Crypto currencies other than Bitcoin. One of the most dominant is a coin called Ethereum, which has a feature allowing sub-coins/aka-tokens to be created by anyone. This, in turn has opened up the door to abuse. Take a few minutes to read the article below, and walk the brave new world of digital money with the same care you would your real money. Be safe!

 

The ICO world is full of pump-and-dump schemes — don’t be a victim

Happy Thanksgiving

Just wanted to take a moment and thank all of our customers for a great year! November is turning out to be our best month ever, and we owe it all to you!

YSyErOM

 

Send #Bitcoin to any Cell Phone with our Bitcoin ATM!

Exciting news! In a trend of adding new features to an already powerful product, any user of our Bitcoin ATM can now send money directly to someone else via SMS! After making the transaction, the recipient is sent a text message where it can be claimed by registering either online or at our Bitcoin ATM.
phone2
(from blog.robocoin.com)
Today, we announce that customers can send bitcoin to any mobile phone number. Previously, customers could only send bitcoin to addresses or existing Robocoin users. We believe this is a necessary step in the right direction of introducing bitcoin payments to others.

#Bitcoin is for money, as email was for letters…

Great quote, and it puts the potential of bitcoin into simpler terms…Electronic money for an internet age. Email used to be the “new” thing.. back up not very far, and your grandparents had no idea what email was.. Today the internet is used by millions of all ages.

Bitcoin allows you to send money instantly, electronically, across all corners of the planet.

I was reading a great article last night on Business Insider, by Wences Casares, in which he postulates that Bitcoin may end up being a bigger deal than the Internet was!

Bigger than the internet

That’s why I think bitcoin is important: It’s relevant, and I think it will take time, just like the internet took time. But it may have more impact than the internet. If you go to Africa or Latin America, parts of Asia, and you sit down with not even a poor person, just an average person, and you ask, “Look, what would you prefer — free access to information [which they’re getting now with their phones] or a secure place to store the fruits of your labor and to receive and make payment?”

If they didn’t have either, which was true until recently, they would choose the second because it is more relevant to them. Right? So for 5 billion people, I think that bitcoin will be more relevant than the internet.

Great article, you can read the rest here:  http://www.businessinsider.com/how-bitcoin-may-have-more-impact-than-the-internet-2015-2

 

 

#Bitcoin #ATM now open in #Vancouver #Westfield!

After -way- more delay than expected, Point of Coin is excited to announce the opening of our #Bitcoin ATM in Vancouver, Washington, at the Westfield Mall location.

We’re located on the first/ground floor, main mall entrance, across from Cinetopia.. Easy to find!

If you’re coming to use the machine for the first time, you’ll need to bring your ID with you, as well as your cell phone. Second-time usage only requires your PIN & cell phone.

Thank you to Westfield for their patience while we waited for Washington State to complete their MSB/MT process.

 

20150109_142255_sm

-donn