Bitcoin fans around the world are celebrating as the price of bitcoin hit a new all time high as of around 10:13pm Eastern time tonight. The price has continued to travel up from there. At the time of this article’s writing, the BitcoinAverage price is over $1,200 US Dollars!
Bitcoin’s previous highest price was all the way back in 2013 on November 29th when according to BitcoinAverage.com, the price peaked at $1,183.59. It then slowly dropped over a year all the way down near $250 and has been going up since, with 2016 being a huge year for bitcoin’s growth. Will the price continue to rise overnight with the Chinese bitcoin traders getting heavily into their day? It’s exciting to watch, now that the previous high that was undefeated for over three years has been vanquished. Onward and upward, bitcoin!
David Brooks at the Monitor did a detailed writeup which included him visiting Area 23 to take photos and interview A23 owner Kirk McNeil. It’s a good piece, but whoever wrote the headline got it wrong. NH is not the leader in BVMs for the nation, but we do outperform all of the rest of New England combined.
Longtime Concord liberty activist Kirk McNeil is Area 23’s proprietor. Longtime readers of Free Keene may remember him for making headlines for legalizing nanobreweries in New Hampshire. Kirk said in an interview for Free Keene, “I’m happy to have a location where people can access and utilize alternative currencies and exchange methods.”
Entrepreneur and newer mover David Jurist purchased the Lamassu brand BVM, approached Kirk before anyone else and offered him the opportunity to host the unit at Area 23, given it was already a liberty-and-bitcoin friendly establishment. David told me, “it’s exciting that the capital city of New Hampshire finally has a Bitcoin Vending Machine”. I agree. It’s also timely as one of the state representatives on the “Commission to Study Cryptocurrency” has followed through on her promise to file a bill this year that will ensure bitcoin users do not need to register as “money transmitters”. (more…)
My optimistic message of migrating to NH with the highest concentration of liberty activists in the world stood in stark contrast to the other guests’ opinions. The others were all spread out in other places with no real hope for liberty in their lifetimes. Their positions were understandably critical of getting involved in the system (they don’t know that the system can actually be changed here in NH). Some panelists supported just trying to run away from the state or improve one’s own individual wealth and happiness where they are. (more…)
I received a call from a friend in Keene yesterday. His friend’s computer had been hit by “ransomware”. Ransomware is malware that supposedly encrypts the hard drive of the victim, then demands payment in bitcoin in order to unlock the files. The malicious software in today’s incident was demanding a payment of 1.9 bitcoin and at the time of this writing, one bitcoin is selling for over $1,000 USD, so the ransomware was demanding about $2,000 worth of bitcoin. Damn. This is not the way you want to introduce someone to the amazing world of Bitcoin.
Having heard that I was someone who might know a thing or two about bitcoin, they reached out to me. My first question was, do you have backups of your important files? He said that his backup procedure had been broken for a while, so he didn’t have one. This is the number one thing you can do to avoid paying ransom. If you have a backup (preferably one on-site and one off-site), then you can just format the computer and reinstall everything fresh.
They were in a hurry as there were mission critical files on the infected computer, so I told them I could help them turn some cash into bitcoin since the Keene Bitcoin Vending Machine at Route 101 Local Goods is closed on Mondays. However, I cautioned that they still have to trust unknown hackers to actually do as they say and unlock the files once the payment is made. (Turns out, they did decrypt the files about ten hours after he paid the ransom.) I then did some digging online for solutions to avoid paying the extortion.
Turns out, paying the ransom or formatting the computer aren’t the only two options, according to some of my even-more-techy friends in the New Hampshire bitcoin community. The most promising options are ransomware decryptors. Kapersky Labs, along with Intel and others, have a website set up with instructions and downloadable files to attempt to unencrypt your files. Another handy site, “ID Ransomware” will assist you in determining which specific ransomware you’re dealing with. (more…)
PORTSMOUTH – Local businesses, bitcoin users, local artists, entrepreneurs, and international travelers rejoice. A diverse set of people are sharing art and talent, health and beauty, and creating community in a new, exciting way.
With the installation of the seacoast’s first ever bitcoin vending machine at the Seacoast Repertory Theater they are dropping their tired old central bank notes into a local bright orange, wall-mounted machine in exchange for bitcoin, cash for the twenty first century.
Dozens of local vendors and some prominent store front businesses are using bitcoin as a backbone of the local economy alongside the federal reserve dollar system. Many businesses are happy to have new, interesting customers who are seeking local places where they can spend the bitcoin they earn doing business online and in person.
Understandably many Portsmouth denizens are cautious toward new technology, especially an evolved form of money, but are surprised how easy it is to use bitcoin like cash. Most often one is astounded that no registration, email, name or identity is required to use bitcoin and participate in the global market economy. All it takes is downloading any one of dozens of free apps from the app store.
Other bitcoin users are excited by the idea of taking responsibility for the money that supports and grows their community, engaging in an international effort to democratize access to money online, or the nearly unlimited access to online shopping of all kinds.
Understandably many Portsmouth denizens are cautious toward new technology, especially an evolved form of money, but are surprised how easy it is to use bitcoin like cash.
Organizers at the Seacoast Rep hope to draw new theater-goes from the growing bitcoin economy, and local bitcoin entrepreneurs are aiming to expose local artists and theater lovers to the world’s best form of money.
Want to opt out of the federal reserve? Want to get ahead of the curve and get in on trade with people from all across the globe?
Head on down to the Seacoast Repertory Theater at 125 Bow St, Portsmouth, NH 03801 and trade in your cash for bitcoin. You can buy theater tickets, or eat brunch at STREET, or do Bikram Yoga, or shop at thousands of online stores.
Support peace and free trade and go check it out. In the mean time tap for iphone or tap for android to get Mycelium, a free, easy to use bitcoin wallet app in under a minute. It’s easy and fun!