Bitcoin Going Mainstream
Some of Bitcoin enthusiast Mike Caldwell’s coins are pictured at his office in this photo illustration in Sandy, Utah, January 31, 2014. (REUTERS/Jim Urquhart)
Some of Bitcoin enthusiast Mike Caldwell’s coins and paper vouchers often called “paper wallets” are pictured at his office in Sandy, Utah
Some of Bitcoin enthusiast Mike Caldwell’s coins and paper vouchers, often called “paper wallets”, are pictured at his office in this photo illustration in Sandy, Utah, January 31, 2014. Caldwell recommended their use as a way to store Bitcoins offline. (REUTERS/Jim Urquhart)
Bitcoin going mainstream
In this April 3, 2013 photo, Mike Caldwell, a 35-year-old software engineer, holds a 25 Bitcoin token at his shop in Sandy, Utah. Caldwell mints physical versions of bitcoins, cranking out homemade tokens with codes protected by tamper-proof holographic seals, a retro-futuristic kind of prepaid cash. Each piece has its own Bitcoin address and a redeemable “private key” on the inside, underneath the hologram. With up to 70,000 transactions each day over the past month, bitcoins have been propelled from the world of Internet oddities to the cusp of mainstream use, a remarkable breakthrough for a currency which made its online debut only four years ago. (AP Photo/Rick Bowmer)
Bitcoin going mainstream
A terminal to accept payments using bitcoins is displayed on the bar at the Old Fitzroy pub on September 19, 2013 in Sydney, Australia. The Old Fitzroy pub in Sydney’s eastern suburbs will accept the digital currency, Bitcoin, as of Next Sunday. Using a smartphone and a QR code scanning application customers will be able to purchase beer and menu items at the bar. The Old Fitzroy is the first Australian pub to accept Bitcoin payment. (Photo by Cameron Spencer/Getty Images)
Bitcoin going mainstream
Mike Caldwell, a 35-year-old software engineer, looks over bitcoin tokens at his shop in Sandy, Utah. Caldwell mints physical versions of bitcoins, cranking out homemade tokens with codes protected by tamper-proof holographic seals, a retro-futuristic kind of prepaid cash. Each piece has its own Bitcoin address and a redeemable “private key” on the inside, underneath the hologram. With up to 70,000 transactions each day over the past month, bitcoins have been propelled from the world of Internet oddities to the cusp of mainstream use, a remarkable breakthrough for a currency which made its online debut only four years ago. (AP Photo/Rick Bowmer)
Bitcoin going mainstream
One of Bitcoin enthusiast Mike Caldwell’s coins in this photo illustration at his office in Sandy, Utah, September 17, 2013. Bitcoins, touted by some experts as the future of money, gained in prominence during Europe’s financial crisis as more people questioned the safety of holding their cash in the bank. Cameron and Tyler Winklevoss, currently making headlines with plans to launch a Bitcoin fund, said on Tuesday that they could see the digital currency becoming a country’s official money. Bitcoin has also changed the way people engage in many activities, including gambling. Poker sites that accept cryptocurrency have now become mainstream because of its ability to protect your funds and personal information. Moreover, the rise of Bitcoin has spurred the development of innovative technologies, such as these trading bots from immediate.net, which automate cryptocurrency trading and enable users to capitalize on market fluctuations effectively.
Signs on window advertise bitcoin ATM machine that has been installed in a Waves Coffee House in Vancouver
Signs on window advertise a bitcoin ATM machine that has been installed in a Waves Coffee House in Vancouver, British Columbia October 28, 2013. The new ATM will trade currency for online bit coins, a form of digital currency. The ATM is expected to go live on October 29. REUTERS/Andy Clark (CANADA – Tags: SOCIETY BUSINESS)
Bitcoin going mainstream
A man looks at the world’s first ever permanent bitcoin ATM unveiled at a coffee shop in Vancouver, British Columbia October 29, 2013. The kiosk, built by Las Vegas RoboCoin and operated by local dealer Bitcoiniacs, will allow users to withdraw their bit coins in the form of Canadian dollars or deposit cash to buy more bitcoins. REUTERS/Andy Clark (CANADA – Tags: SOCIETY BUSINESS SCIENCE TECHNOLOGY)
A Bitcoin logo is seen at the window of Sake Zone in San Francisco
A Bitcoin logo is seen at the window of Sake Zone, a restaurant that accepts Bitcoin, a form of digital currency, as payment in San Francisco, California October 9, 2013. Picture taken October 9, 2013. REUTERS/Stephen Lam (UNITED STATES – Tags: BUSINESS)
Chain of block erupters used for Bitcoin mining is pictured at the Plug and Play Tech Center in Sunnyvale, California
A chain of block erupters used for Bitcoin mining is pictured at the Plug and Play Tech Center in Sunnyvale, California October 28, 2013. Since discovering digital currency Bitcoins a few months ago, Aaron Jackson-Wilde has paid about $2,000 for “rigs” powered by specialised computer chips which are designed to help operate and maintain the Bitcoin network – and, in return, generate a small reward in a process known as “Bitcoin mining”. A form of electronic money independent of traditional banking, Bitcoins started circulating in 2009 and have since become the most prominent of several fledgling digital currencies. Picture taken October 28. To match Feature TECHNOLOGY-BITCOINS/ REUTERS/Stephen Lam (UNITED STATES – Tags: BUSINESS SCIENCE TECHNOLOGY)
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