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Bitcoin Video

Bringing “Peer to Peer” Back to Bitcoin

Today I learned about an old feature in bitcoin that is new again. It is a way of transmitting information across the bitcoin network that is faster, more scalable, more peer-to-peer, and allows for more data to be shared than the traditional method.

According to Ivan from HandCash (“the Bitcoin wallet you can recommend”), Satoshi’s original client included a way to do transactions with another peer via IP, but it was vulnerable to man-in-the-middle attacks and was deleted.

Then bitpay came along and got the Bip70 thing going. That made it possible for wallets and payment processors to do something similar but with greater security. But nobody liked it. It was annoying, and not all wallets supported it, and it’s kind of in use now but not ubiquitous.

Fast forward to today: HandCash and Anypay announce P2P transactions at point of sale! That means your transactions will always be:

  1. Instant
  2. Correct
  3. Able to include extra information

What kind of extra information? How about stuff like, “Who bought this? What store was this transaction at? What item was purchased?” Stuff like that.

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Activism Crypto News Tech Writing

New Hampshire’s First Vending Machine to Offer DASH

FOR IMMEDIATE RELEASE:
Portsmouth, NH – The Seacoast Repertory Theatre’s bitcoin vending machine now offers Dash. The founder of Portsmouth-based digital currency company AnyPay, Steven Zeiler, says “Dash is newer than bitcoin and is more widely used on the Seacoast. Dash offers faster confirmation times and greater privacy than bitcoin.”

Bitcoin has been a popular digital currency in New Hampshire for years. Because of its recent rise in use worldwide, the fees for sending payments have increased significantly — from about 5 cents per transaction a few years ago to about $3 per transaction today. “This is great for large companies sending millions of dollars across the world instantly,” says Zeiler. “$3 is a real bargain compared to what they currently pay. But everyday bitcoin users accustomed to buying a $2 coffee with bitcoin are unwilling to spend an extra $3 just to use the digital currency.” This created an opportunity for new digital currencies to enter the market and specialize in faster payments and lower fees.

Seacoast residents have been using Dash for about a year, buying everything from soaps and salad dressing to haircuts and bacon. Some even offer a discount for customers who pay with Dash. But getting it was always a problem. Users needed to have bitcoin first, or trade a good or service to get Dash. Zeiler says, “Until now, it was only possible to get Dash in exchange for another digital currency. Now people can retire their dirty old federal reserve notes into the machine where they’ll be shredded. Just kidding.”

The price of one Dash is currently just under $200. Users can also buy bitcoin from the machine for under $3,000. Digital currencies offer users a way to hide their money from the government and buy things that would otherwise be impossible to purchase like high-quality lab-tested recreational drugs. New Hampshire governor Chris Sununu signed legislation this week extending protection to businesses that use digital currency from regulation, making it the most cryptocurrecy-friendly state in the nation.

The bitcoin vending machine is located to the left of the box office inside the Seacoast Repertory Theatre at 125 Bow St in Portsmouth, New Hampshire. The Seacoast Rep accepts bitcoin for tickets to their live performances.

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Activism Bitcoin Crypto Currency Networks Tech Video

Steven Zeiler Presents at Blockchain University

Steven Zeiler spoke at Blockchain University about Ripple, Interledger, and a new type of payment protocol for sending value over the internet. This 2-hour presentation took place in Mountain View, California. This lecture is interactive, so you will be asked to download a wallet and try sending payments across networks. You will even learn how to issue your own currency or commodity on the Ripple network.