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CoinSummit 2014 Video Archive

coinsummit2014

Video archive of the speaker panels at CoinSummit 2014 San Francisco, March 25-26, 2014

Day 1

Part 1: Opening remarks; Marc Andreessen and Balaji Srinivasan (Andreessen Horowitz), moderated by Kashmir Hill (Forbes); VC panel: Micky Malka (Ribbit Capital), Jeremy Liew (Lightspeed Venture Partners), Hemant Taneja (General Catalyst Partners), moderated by Jeff Clavier (SoftTech VC); Decentralized Applications panel: Vitalik Buterin (Ethereum), David Johnston (Mastercoin), Brian Snyder (NXT)

http://new.livestream.com/coinsummit/events/2832000/videos/46138058

Part 2: Regulatory panel: Constance Choi (Payward), Patrick Murck (Bitcoin Foundation), Brian Klein (Baker Marquart LLP), moderated by Marco Santori (Nesenoff & Miltenberg); Start-Up Showcase 1: BitRated, Atlas ATS, Predictious, Coinprism, CrowdCurity, InterWallet, BitGive Foundation; Angel Investor panel: Ben Davenport (Angel Investor),  Naval Ravikant (Angellist), moderated by Shakil Khan (CoinDesk)

http://new.livestream.com/coinsummit/events/2832000/videos/46159011

Part 3: Rising Stars panel: Brian Armstrong (Coinbase), Nic Cary (Blockchain.info),  Tony Gallippi (BitPay), Chris Larsen (Ripple), moderated by Nick Shalek, Investor, Ribbit Capital; Bitcoin Mining panel: Emmanuel Abiodun (Cloudhashing), Jez San (Investor), Naveed Sherwani (HighBitcoin), moderated by Tuur Demeester

http://new.livestream.com/coinsummit/events/2832000

Day 2

Part 1: Is Bitcoin a flash in the pan? panel: Andreas M. Antonopoulos, Susan Athey (Stanford), Jonathan Levin (Coinometrics); Post-Gox Bitcoin Exchanges panel: Bobby Lee (BTC China), Jesse Powell (Kraken), moderated by Steven Waterhouse (Pantera Capital Management); Fireside Chat with Chamath Palihapitiya (Social+Capital Partnership)

http://new.livestream.com/coinsummit/events/2832000/videos/46254510

Part 2: Altcoins – a fad or here to stay? panel:  Charlie Lee (Litecoin), Jackson Palmer (Dogecoin), Paul Vernon (Cryptsy), moderated by Michael Terpin (Social Radius)

http://new.livestream.com/coinsummit/events/2832000/videos/46266830

Part 3: Bitcoin for the masses panel: Alan Safahi (ZipZap), Zach Harvey (Lamassu), Brock Pierce (Clearstone Venture Partners), moderated by David Lee (SV Angel). Start-Up Showcase 2: CryptoCorp, BTCjam, Wow Such Business, Hellobit, Piper

http://new.livestream.com/coinsummit/events/2832000/videos/46271791

Part 4: State of Bitcoin 2014: Garrick Hileman, CoinDesk/London School of Economics; Bitcoin industry security panel: Trace Mayer, Will O’Brien (BitGo), Anthony Di Iorio (Kryptokit), moderated by Dan Morehead (Pantera Capital Management); Bitcoin Transactions panel: Vinny Lingham (Gyft), Tom Longson (Gogocoin), moderated by Luke Sully, PwC

http://new.livestream.com/coinsummit/events/2832000/videos/46283271

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March Nevada Co. Bitcoin Users Group Meeting

Nevada County Bitcoin Users Group NCBUGPlease join us for the March 2014 Nevada County Bitcoin Users Group (NCBUG) meeting on Thursday, March 20, 2014 from 6pm – 8pm at Elixart, 408 Broad St, Nevada City, CA 95959

We’ll be teaching new Bitcoin users about Bitcoin wallets, how to install them on your computer or mobile device, and recommend the easiest and most secure ways to obtain bitcoins.

Please call Paul at (530) 613-4181 for questions or media inquiries.

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NCBUG Launches Feb 20th

Nevada County Bitcoin Users Group NCBUGWant to learn more about Bitcoin and network with other Bitcoin users in Nevada County?

The public is cordially invited to attend the very first Nevada County Bitcoin Users Group (NCBUG) meeting on Thursday, February 20, 2014 from 6pm – 8pm at Elixart, 408 Broad St, Nevada City, CA 95959

Meetings are free and open to anyone interested in this revolutionary new payment system that is set to change the world.

For up-to-date information, please visit and join the NCBUG Facebook Group.

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KRCR-TV: Bitcoin in Grass Valley

Several weeks ago, I was contacted by reporter Mark Mester from the ABC news affiliate KRCR-TV in Redding, California who was seeking businesses currently accepting Bitcoin. Apparently there are zero businesses in Redding who accept Bitcoin and Mark was eager to do a story on the topic but couldn’t find any in KRCR’s coverage area, so he said he would be willing to come all the way down to Grass Valley to get a story. When I told Mark that I didn’t have a retail location and didn’t know of any local stores currently accepting Bitcoin, he seemed a bit disappointed but wanted to do the interview nonetheless.

Due to our conflicting schedules, it took about a week for us to meet up, but in the meantime, I fortuitously learned that Humble Fabrics at 1451 East Main Street in Grass Valley had just begun accepting Bitcoin. I thought this would make an ideal place for Mark to grab some B-roll and perhaps do an interview with proprietors Roxanne Page and Branch Ellison, so I called Roxanne and she sounded really excited about it.

Expecting a news van, cameraman and a well-coiffed reporter, we were surprised when Mark showed up solo wearing jeans, a t-shirt, flip-flops and toting a diminutive-looking Nikon digital SLR, but as you’ll see, the piece he put together turned out great.

Congratulations to Humble Fabrics for being the first brick-and-mortar store in Grass Valley to accept Bitcoin!

 

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6 Reasons Every Merchant Should Accept Bitcoin

Why every online — and offline — merchant needs to consider Bitcoin as a customer payment option. Bitcoin consulting, payment integration and education.

by Paul Racko
BTC4BIZ.com/blog

If you’re an online or brick-and-mortar merchant who accepts debit and credit card payments from customers, there’s an emerging online payment system you need to know about that is set to give these legacy payment systems a real run for their money. Bitcoin isn’t simply a new-fangled form of digital money – it’s an incredibly sophisticated and decentralized payment network unlike anything ever devised. Here’s why every merchant needs to consider incorporating bitcoin into their payment systems.

No Fees
In 2009, credit card companies extracted $48 billion in fees from merchants*. If you’re an online merchant who cannot physically verify a customer’s card, you’ll typically pay 1.90% plus 10 cents per transaction in addition to the $10-$15 per month plus the 1-8 cent transaction fee charged by your online payment gateway. For the online merchant with annual sales of $100,000 and an average sale of $50, the annual cost of accepting credit cards is $2,300. With Bitcoin, the cost to the merchant is $0 per year because the buyer pays the transaction fee, which usually costs only 1 or 2 cents per transaction.

*Soaring Credit Card Transaction Fees Squeeze Independent Businesses  ILSR.org

Average Credit Card Processing Fees  CardFellow

What You Need to Know About Credit Card Processing  New York Times – March 15, 2013

No Chargebacks
Have you ever had a customer receive a product that you shipped to them and then claim they didn’t receive it? In such a case, the credit card company will deduct this payment from your account and you the merchant must accept the loss unless you can prove otherwise. The bar of proof to dispute a chargeback is quite high, requiring additional staff time to track down the problem and collect evidence, incurring further hits to your bottom line. In 2009, the cost of chargebacks to merchants was $11.8 billion.* Bitcoin completely eliminates such chargebacks because the payment moves directly from buyer to seller without an intermediary, just like any cash transaction. When a customer has a dispute, they must take it up directly with the merchant for resolution.

*The Cost of a Chargeback (Infographic)  Chargify.com

The Swipe That Never Was: How to Minimize Annoying Credit Card Chargebacks  Bank of America – July 12, 2012

Credit Card Chargebacks: Your Secret Weapon in Merchant Disputes  Daily Finance – July 31, 2012

Privacy & Security
Since bitcoin payments are “push” payments (unlike credit/debit card “pull” payments), a transaction does not have the buyer’s sensitive account information associated with it, therefore saving merchants the cost and hassle of PCI (Payment Card Industry) compliance. Consider what happened to Target this holiday season: malicious code was installed on point of sale systems across more than 1,400 of its stores, causing card data to be stolen from 40 110 million shoppers and an untold number of fraudulent charges made against these customers’ accounts. Target was thus not only financially on the hook for notifying customers of the data breach, but in order to restore confidence in their customer base, had to offer a 10% weekend discount as well as credit card monitoring to their shoppers. Compounding the problem, Chase then placed strict limits on customer debit accounts at the very height of the holiday shopping season. The cost and inconvenience of this data breach for both Target and its customers is staggering.

PCI Compiance Guide, FAQs and Myths

What does it cost to become PCI Compliant? Braintree Payment Solutions – June 25, 2008

Target customers hit in major credit card security breach  CBS News – December 18, 2013

Target offers 10% discount after credit card hack  CNN Money – December 20, 2013

Chase to Limit Use of Debit Cards From Target Breach  New York Times – December 21, 2013

No Bank Account Required
Bitcoin allows anyone to issue or accept payments, even the un-banked and the under-banked. A creative 12-year-old writer can now sell their e-book directly to customers without an account with a third party. The 2.5 billion un-banked people around the world can begin establishing microenterprises with a global customer base. Bitcoin allows anyone with access to the internet the ability to start a business and accept payments from customers.

Measuring Financial Exclusion: How Many People Are Unbanked?  CGAP.org – April 24, 2012

How Bitcoin Could Help the World’s Poorest People  PolicyMic – May 14, 2013

Tween Authors Launch ‘Bitcoin for Kids’ Book Series  CoinDesk – December 2, 2013

Easy International Transactions
Under the legacy banking system, moving money from one country to another is hugely expensive, time-consuming, and complicated. Bitcoin opens the entire world to your products and services. You are no longer restricted to the geographic limits set by your bank or merchant provider or by the fees bank fees required to carry out international transactions. If you own an import/export business or have foreign employees on your payroll, Bitcoin is your ideal international payment solution.

Local Restrictions on PayPal Accounts  Wikipedia

Comparing Bank Wire Fees  MyBankTracker.com – April 18, 2013

How to lower the fees on international bank transfers  Telegraph – August 23, 2013

No Transaction Minimums
If you’re a writer, blogger or musician, Bitcoin makes the monetization of your talents easy and profitable. For charities and non-profits, a world of potential donors is now open to you. Until now, micropayments — those being defined as transactions under 99 cents — for creative content or donations were not profitable since merchant fees for card transactions on such low amounts eat up approximately 30%. Bitcoin makes it possible for you to collect the full amount of the sale or donation, whether its a dime or a dollar’s-worth. Bitcoin is set to change not only how writers, artists and musicians are remunerated for their talent and good work, it will also improve the speed and efficiency of targeting financial support to aid groups, non-profits, charities, and the communities they serve.

Micropayments now ready to slash price of online news  NewScientist – August 14, 2013

Get Ready to Pay for Online Content in Bitcoins and Tweets  Vice.com – December 2013

Charities Explain How Bitcoins Can Serve Their Cause PaymentsSource – May 28, 2013

And we’re still at the very early stages
On January 3, 2009, Bitcoin was launched. It’s still very young, and like the internet before it, holds an incredible amount of potential. The benefits outlined above are just a small representation of why Bitcoin is so important for merchants. What I’m personally most excited about is the amount of innovation, development and economic opportunities that will emerge around the Bitcoin ecosystem. If you thought email and the internet was world-changing, you ain’t seen nothing yet. 2014 is going to be a big year for merchant and consumer adoption, application development, and job creation. Buckle up, this is going to be an exciting ride!

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ProofOfExistence.com: Block-chain Notary & Registrar

As mentioned in an earlier post, Lets Talk Bitcoin logoProofOfExistence.com allows anyone to register their data within the Bitcoin block-chain.

In this thought-provoking segment from the Let’s Talk Bitcoin podcast, Andreas M. Antonopoulos interviews developer Manuel Araoz about the evolution and the potential of this revolutionary time-stamping and recording technology which could forever change the way that legal documents such as copyrights, patents, trademarks, servicemarks, articles of incorporation, fictitious business names and the like are registered and recorded in order to establish legal claims.


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CoinMap: Add Your Bitcoin Business

List your bitcoin business for free on CoinMap.orgThe amount of voluntary innovation within the Bitcoin community never ceases to amaze me. Take CoinMap for example. CoinMap’s developer figured out a way for Bitcoin businesses to easily show their location on a map, allowing people who want to spend their bitcoins to quickly find and support local businesses accepting the digital currency.

To list your Bitcoin business on CoinMap.org, visit the website and check out the instructions at the lower left of the map. Copy the payment:bitcoin=yes tag that you’ll see there, and then sign up at OpenStreetMap.org. Once you’ve confirmed your email address, log in and find your place of business on the world map and zoom in closely on the map. At the upper left of the map, click on the Point button and then move your mouse to your business location and click to drop the marker. A list of business/location types will then open in the left pane, so choose the category appropriate for your business. Next, you’ll need to add information about your website, such as phone number and  address, plus the payment:bitcoin=yes tag mentioned earlier. It’s a bit difficult to describe the complete process in writing, so watch the below video which shows how to complete your entry. After you’ve added your business information and the bitcoin tag, be sure to click Save twice as mentioned in the video.

See you on CoinMap!

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Blockchain Inc.

First Blockchain Incorporated  Bitcoin has utility beyond far beyond financial transactions. The Bitcoin blockchain not only serves as a public transaction ledger but it can also be used to record titles, deeds, copyrights, trademarks, and other legal documentation.

On November 27th, 2013, James B. Allen became the first person to incorporate a corporation, First Blockchain Incorporated via the blockchain using Manuel Araoz’s Proof Of Existence which creates a permanent, provable and un-editable timestamped verification and validation digest of the original Articles of Incorporation.

To learn more about this innovative use of the Bitcoin blockchain, visit firstblockchain.com

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Bitcoin Passes PayPal in Volume

On November 22, Bitcoin, for the first time ever, topped PayPal in total transaction volume, temporarily making it the sixth largest payment system in the world.

Source: CoinOwl/Coinometrics

Source: CoinOwl/Coinometrics

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