Cleveland Bitcoin Meetup – March 5th, 2014 This meetup was held at The Wine Spot in Cleveland Heights, which recently began accepting bitcoin payments this year. The first few people to arrive were a local couple who had read about The Wine Spot in the recent Heights Observer article. They […]

Cleveland Bitcoin Meetup – February 13, 2014 I attended my first Bitcoin Meetup here in Cleveland, Ohio. The meeting took place at David’s Grill and Bar, a very nice place located in Northpoint Tower, a commercial office building on the northeast corner of West 9th and Lakeside. David’s started accepting […]

Uppercase “B” is for Bitcoin (proper noun) – the payment network technology in its entirety. Lowercase “b” is for bitcoin(s) (common noun) – the currency unit(s) traded over the Bitcoin network. “BTC” is the abbreviation for the bitcoin currency. An analogy is USD, for United States dollar.

2-Factor Authentication (2FA) is becoming a prevalent, and easy to use technology for securing your most precious online belongings. 2FA requires just as the name suggestions, 2 methods of login to access your online resources. In the case of most online websites, this usually means a combination of: – A […]

There are various methods to acquiring bitcoins. Among the most popular are 1) selling merchandise for Bitcoins, 2) Buying bitcoins from a brokerage, and 3) Trading other currencies for bitcoins on a currency exchange. Selling Merchandise Anyone can sell merchandise for bitcoins. For many, this can be an easy and […]

(Originally posted 12/10/2013) I decided to submit a Bitpay application for CoinNEO. I wanted to see how the application process worked, and get my hands on the merchant software tools so I can better educate myself about the features and functionality of Bitpay. I assumed this would be a pretty […]

Posted January 9, 2014 (Originally posted 12/8/2013) The question about how to handle Bitcoin refunds is up for debate. Bitcoin volatility will no doubt increase the chances of the following issue becoming a problem for merchants who decide to accept Bitcoin. Here is a scenario I worry about: Scenario: I […]

The European Banking Authority released a document on December 12, 2013, issuing a warning about virtual currencies. The document, “Warning To Consumers On Virtual Currencies”, drew many sensationalistic media headlines. To me, this EBA release is a very important document, stating the importance of personal responsibility when endeavoring in virtual […]

3rd party payment networks, such as VISA and Paypal, are pretty speedy when it comes to transaction validation. The customer is approved or declined in a matter of seconds. With Bitcoin, this is not entirely the case. Because Bitcoin does not rely on 3rd party trusts, validation is performed by […]

Bitcoin is a digital currency, built on the concept of Cryptocurrency, which was developed as a tool for Internet-Age commerce. The best resources describing Bitcoin in detail are the Bitcoin.org FAQ and We Use Coins. These are recommended resources for everyone interested in learning more about Bitcoin, and especially those […]