What’s that? You say Bitcoin has not been the front page feature story your local newspaper where you live? You must not live in Keene, New Hampshire – the capitol of real-life business acceptance of the world’s first cryptocurrency!
Reporter Paul Cuno-Booth did a thorough job interviewing various owners of the local bitcoin-accepting businesses about their reasons for backing the amazing decentralized currency, including Monadnock Makerspace founder Johnny Bolster, area computer tech Michael Gordon, Bob Maibusch of Pine Springs Golf Course, Ken Urbanski of Kirby’s Q, and Steve Wilder of Wilder Automotive. Cuno-Booth also focuses on the Shire Free Church’s media outreach along with our local meetup group for Bitcoiners and other cryptocurrency users and newbies, the Monadnock Decentralized Currency Network.
Monadnock Decentralized Currency Network Meetup at Rick’s Ice Cream
As we have reported here at Free Keene, according to CoinMap, Keene is the number one city in the world for bitcoin-accepting businesses per capita. Obviously not all businesses have the same results, of course. Though the golf course has yet to have a customer with bitcoin, Wilder Auto reports approximately a dozen customers regularly using bitcoin. Bolster, who also is the creator of the Portal Map, reported that he was able to sell ads to some new customers on his yearly map of area businesses, because he is accepting bitcoin as payment! That’s money that otherwise would have been left on the table had Bolster decided against accepting the cryptocurrency. (more…)
With all the Bitcoin drama going on, it’s easy to get distracted from what is important. What is important, whether Bitcoin stays on top or not, is the idea of cryptocurrency, of which Bitcoin was the first. While I personally believe Bitcoin can survive its internal turmoil, I could be wrong. After all, no one buys the Model T these days, even though it was the first car. The Model T is a clunker compared to what we have now.
Though there isn’t much mainstream media coverage of its alternatives, Bitcoin is far from the only cryptocurrency. There are hundreds of them, most based off of the original code for Bitcoin released by Satoshi Nakamoto, its anonymous creator.
One of those competitors that libertarian cryptocurrency enthusiasts in NH have been using recently instead of Bitcoin is DASH, or “Digital Cash”. Due to the growing pains Bitcoin has been experiencing, people here have been looking hard at other alternatives. DASH has started to appear in use at various libertarian market days across the state. Its fees are much lower than Bitcoin’s and DASH has an interesting governance structure that really sets it apart from many of the “me-too” cryptocurrencies out there vying for Bitcoin’s #1 position. (more…)
In a recent, in-depth article, I discussed the out-of-control fees to send bitcoin. The executive summary is that Bitcoin is somewhat broken due to the high fees that have been caused due to the Bitcoin network not being able to scale to consumer demand. The reason for this is because there has been an ongoing “geek war” for a couple years now behind the scenes that centers over some fundamental disagreements over how Bitcoin should handle its growing pains with scaling up. Meanwhile, the fees have been rising over the last six months and have killed off the previous usefulness that Bitcoin had for microtransactions, or even small dollar transactions. Again, see my original piece for more about the fee difficulties.
Now the ugly Bitcoin not-so-civil war that has been playing out behind the scenes on message boards, reddit, and social media for months and months is going to come into public view on August 1st. Here’s my non-technical explanation for what’s happening and how, if you’re a bitcoin holder or bitcoin-accepting merchant, it could affect you: (more…)
Charlie Shrem, COO of Jaxx, stumbled onto the lower fees, he told Free Talk Live.
I saw the headline in Coin Telegraph and couldn’t believe it: “Bitcoin Transaction Fees Significantly Decrease, Charlie Shrem Pays $0.25 Fee”. Even though I know and trust Charlie Shrem, I still thought this news was a fluke.
For those who haven’t been following the ugly geek war happening behind the scenes of Bitcoin, here’s a recap, oversimplifying a complex situation:
As little as two years ago, Bitcoin’s median transaction fee was as low as $0.02 worth of bitcoin. That means half of all bitcoin transaction fees cost less than $0.02 and the other half cost over $0.02.
With Bitcoin, there are fees to send, not receive. (This is the reverse of credit cards, where the merchant pays a fee to receive.) In the past, if one wanted, one could send bitcoin with no fee and it would go through, just without any priority. As you can see from this chart, the median transaction fee has shot up mostly in the last six months or so, and it has risen has high as $3.00 worth of bitcoin!
That means that had I wanted, in the last few months, to go buy a $2.00 drink at Corner News with bitcoin here on Main Street in Keene, NH, it might cost me $3 just to send the $2, making it a $5 drink! No sane customer would pay a crazy fee like that. This dramatic rise in fees has destroyed bitcoin’s previous usefulness for microtransactions. No more bitcoin-operated snack machines, no more using bitcoin for small online tips, no more Watch-my-Bit micro-donation video streaming service. (more…)
Bitcoin Front Page Article Delivered to 40,000 Homes!
Since 1958 the Monadnock Shopper News has been connecting the people of this region with local businesses on a weekly basis. They deliver to over 40,000 households via postal mail – basically every home in Cheshire county. How exciting to see a feature article about local bitcoin-accepting businesses here in the Keene area as their headline, front cover story in this week’s issue!
The Shopper News’ reporter went to visit with Chris Rietmann, one of the proprietors of Route 101 Local Goods, a unique store featuring locall-sourced products that’s also where bitcoin (and other cryptocurrencies) can be spent, plus bitcoin can be purchased from the region’s only Bitcoin Vending Machine, and you can even buy delicious Vietnamese food from the “Bon Vivant Gourmet Street Food” truck parked just outside at 661 Marlboro Road in Keene. (more…)
100,000 Satellite Dishes Confiscated & Destroyed in Iran
In many parts of the world, especially poorer ones, internet access is barely available, and if it is at all, it’s expensive and slow. There also isn’t much in the way of in-home entertainment options as cable TV is non-existent as people cannot afford it. To get their news and entertainment, many people in the world turn to the sky, especially in oppressive regimes.
In places like China, Cuba and Iran, satellite receivers and dishes are illegal. Police even conduct regular raids of homes suspected of using satellite, still people’s thirst for freedom of information persists. In a story from last year about Iran destroying 100,000 siezed satellite dishes and receivers, Al Jazeera reported:
Iranian police regularly raid neighbourhoods and confiscate dishes from rooftops, and under Iranian law, satellite equipment is banned and those who distribute, use, or repair them can be fined up to $2,800…”Reforming this law is very necessary as using satellite is strictly prohibited, but most people use it,” he said. “This means that 70 percent of Iranians violate the law” by owning satellite dishes.
At the destruction “ceremony”, General Mohammad Reza Naghdi, the head of Iran’s Basij militia, explained the dangers of freedom of information via satellite:
“The truth is that most satellite channels… deviate the society’s morality and culture…What these televisions really achieve is increased divorce, addiction and insecurity in society…Most of these satellite channels not only weaken the foundation of families but also cause disruptions in children’s education and children who are under the influence of satellite have improper behaviour” (emphasis added)
Countless Satellite Dishes Confiscated and Destroyed by the Islamic State in Mosul, Iraq
Yes, he really used the phrase, “under the influence of satellite”! Besides his fearmongering, Naghdi is not admitting the real reason oppressive governments crack down on freedom of information.
Information, in this case delivered via Free-to-Air satellite, is a clear danger to the authoritarian state. They spend so much effort brainwashing their people via state schools and controlling local broadcast media, they can’t just allow all that to be undone by signals they can’t control coming from the sky!
Wouldn’t it be nice to have the message of liberty, cryptocurrency, and peace beamed down to the people under the boot of oppressive regimes worldwide?
The good news is it’s been happening 24/7 for most of this decade, thanks to LRN.FM’s Free-to-Air satellite channels over North and Central America and Sub-Saharan Africa! LRN.FM features dozens of liberty-oriented shows, both in live and podcast form, uncensored, streamed 24/7 online and broadcast internationally via Free-to-Air satellite. Free-to-Air means that no subscription is needed to receive the channels. They are TV or radio channels broadcast “in-the-clear”, direct-to-home.
