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Help us promote Bitcoin for holiday destinations!
WHAT IF? Only five years in the future, many holiday destinations accept Bitcoin payments. The South of Europe, Canary Islands, Malta, Greece, Spanish and Italian Islands but also Asia and other parts of the world.
That would be freaking awesome, let’s do it.
Bitcoin is coming and nobody can stop it. It will change the world forever in a very positive way, bringing peace and prosperity by simply out-competing the fiat-money system.
But it won’t happen by itself. Bitcoin and cryptocurrency needs the support of many passionate people, companies and campaigns.
Bitcoin Adventure is one of those.
Continue reading “Go on a Bitcoin Adventure!”
Gozo is small mediterranean island of Malta, with a population of 37,342. Typically not an ideal place for a tech startup. We can get 30mb/s easily and maybe up to 100mb/s. So the infrastructure is good enough for sending files, streaming videos and conference calls, but not good enough to run servers that would need 24 hour dependable service. Malta also has a bad business culture that is smothered with pointless bureaucracy. Malta does have a growing IT industry and some very interesting robotics companies. Despite all this, Gozo still had its first Bitcoin meeting before its bigger sister Malta. Bitcoin Club Gozo has been born!
In a cute “house of character” was given on the basics of Bitcoin and how to use the wallet. Ideas were discussed to try turn Gozo into a hub for technological innovation. Despite its failings, Gozo is still a great hotspot for innovative thinkers. Its calm seas and vast nothingness spurs creativity and is home to many artists. Using servers from abroad, potential locals good bid for remote work online for bitcoin, sell products and services online for bitcoin, and research investments and savings to grow their income.
Bitcoin might be too hard for rural farms to sell their cheap produce, but most people in Gozo have savings but away somewhere for a rainy day. If lucky a savings account could give a Gozitan a return of 3% on their savings, which will not be enough to protect themselves against hyperinflation. Putting a significant portion of their savings in bitcoin is almost guaranteed to return a massive profit over the next ten years. It was suggested at the meeting to buy ten euro worth of bitcoin every Monday to save in the future.
If in the Gozo area and you would like to learn more about bitcoin, please join us at Bitcoin Club Gozo.
My first Bitcoin app. Generates a random Bitcoin address, private and public key. Checks that it is validated on the blockchain. Generates keys on both the live network and test network.
These randomly generated addresses can be used for Bitcoin transactions.
Developed with Bitcore, NodeJS and Bower. The Bower component for Bitcore did not work, so I had to use an older version.
There was a great “Whoa!” factor using this great piece of technology. The future of finance is here ladies and gentlemen. The Bitcoin ATM is done by BitEx and can be found in GSM Solutions along the Luas line.
With the Bitcoin Wallet application on a smart phone, all one has to do is open the app and scan the QR code on the ATM. With the mobile device and ATM connected, one just inserts money into the machine to see how much Bitcoin can be bought for. Double check if the unique wallet address is correct and agree to buy Bitcoins. The ATM gives the option to send the receipt to an e-mail address. In seconds the Bitcoins appears in the wallet. After receiving the Bitcoins, my wallet suggested to me to back-up the wallet, encrypt with a password and forward the back-up to another device; in case I lose my phone and with it my Bitcoins on the way home. “Whoa!” indeed.
Well beam me up Scotty. Now ready to buy a coffee with a currency system that does not require perpetual debt and bailouts. Financial freedom within out life time.
Since last time I was in the shop, the price of Bitcoin moved up to €203 per Bitcoin. Including fees, that puts the price of Bitcoin from the ATM around €210. I spent €25 on BTC0.11560217.
What is Bitcoins? How do we get Bitcoins? How do we use Bitcoins? How do Bitcoins work? Are all really hard questions to answer without actually going through the process yourself. Do you have any clue how the international financial system works before you buy a cup of coffee? No, but maybe you should learn about this kind of stuff in the future. For now I will describe how someone from can get Bitcoins working on their mobile phone so they can purchase coffee in one of two cafes I know that uses Bitcoins.
If you have a smart phone, just search in your application store for what we call a “Bitcoin wallet”, this will receive, store and send your Bitcoins. I have no preference for any particular wallet. I just downloaded the first one I saw with a good rating. As long as you are only experimenting with a small number of Bitcoins, it is OK to take a risk. Remember that if you lose your phone, you lose the Bitcoins saved in the wallet.
GSM Solutions is the only place in Dublin that I know of that sells Bitcoins. I do not know any websites online were one can buy Bitcoins with ease. Today the price of Bitcoin went up slightly to €195 per Bitcoin. One can buy 0.1BTC for €20, which leaves a small margin for commission. Much easier that fiddling with bank details online. Unfortunately today their Internet was down so I could purchase a Bitcoin, but they generously gave me a free sample to explore with.
They gave me paper voucher to collect my Bitcoins online. At first I thought this was a bit convenient as I wanted it now on my phone. I went on to the Coinkite website with the special address given on the voucher. I had to go into my Bitcoin wallet to click on my QR code to read the long Bitcoin wallet address. I had to type in my wallets address to receive my Bitcoins. I actually made one mistake with the capitals and the request luckily did not go through. After carefully typing in the Bitcoin wallet address and sending it, the Bitcoins finally reached the Bitcoin Wallet on my phone in seconds. The transaction is then recorded in the public Bitcoin ledger, called the “blockchain”, for everyone to review the transaction.
So I went into the shop. Spoke to the lads. Made an order and had Bitcoins on my mobile phone shortly after coming home. Nice and simple after you get your head around how the technology works. It is the money of the future.
Now what can I purchase with mBTC0.25? Bitmatches?