☆ Now Accepting BitCoin

Posted on December 6, 2010 by Simon Phipps

As an experiment, I’ve set up BitCoin on one of the systems here at Webmink Central. BitCoin is a peer-to-peer digital currency, with no central bank or authority. Instead, it relies of a mesh of collaborating but independent computers sharing copies of a set of data.

Assuming it is secure and works, it’s exactly the kind of system we need to remove the bottleneck of online financial transaction needing to be translated into the terms and systems of the old economy. Not least, it overcomes the problems caused when an individual, company or government over-steps their authority and shuts down a payment bottleneck, as just happened to Wikileaks.

The idea of a digital currency is very appealing, but to get it bootstrapped some of us need to actually start using it in the fledgling economy. If you’d like to support my writing and speaking activity, please send BitCoin donations to address 1LfdGnGuWkpSJgbQySxxCWhv8MHqvwst3 and once there’s a modest balance I’ll start trying to use it to pay the bills. Thanks!

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9 Responses

  1. Dave Hollis, on December 6, 2010 at 12:14 said:

    Thanks for writing about bitcoin and bringing it to your readers Simon.

  2. Andreas Kuckartz, on December 6, 2010 at 12:27 said:

    Many years ago I used eCash by DigiCash / David Chaum. Hopefully something like that will replace PayPal soon.

  3. Bimmerhead, on December 6, 2010 at 14:01 said:

    Thanks for the post Simon. There should be a little tip in your bitcoin tip jar already.

    • Simon Phipps, on December 6, 2010 at 18:45 said:

      Many thanks to you and all the others who have put coins into the tip-jar – very much appreciated, my next task is to find a way to spend them productively 🙂

  4. Duane Johnson, on December 8, 2010 at 04:12 said:

    B$20.65 donation sent! You should put the bitcoin logo and address in your sidebar.

    • Simon Phipps, on December 8, 2010 at 09:48 said:

      Thanks Duane, arrived safely. I was looking for a ready-to-eat logo for the web site but didn’t find one – is there a page of choices somewhere?

  5. Matija "hook" Šuklje, on December 10, 2010 at 20:59 said:

    Thanks for introducing me into BitCoin.

    To make up, here’s a list of BitCoin logos already publicly available:
    http://www.bitcoin.org/smf/index.php?topic=1631.0
    http://www.bitcoin.org/smf/index.php?topic=1756.0

  6. Bruce, on December 20, 2010 at 19:01 said:

    That’s Awesome, Simon.

    You know that I created http://bitcoinme.com ?

    I just added you to http://bitcoinaddress.com

    All the Best,

    Bruce Wagner

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