Erik Voorhees and Bruce Fenton Bitcoin Fireside Chat

Erik Voorhees and Bruce Fenton Bitcoin Fireside Chat

Early adopter, entrprenuer and Bitcoin evalgelist Erik Voorhees is interviewed by economic consultant Bruce Fenton.

The interview covered some of the topics which might have been covered by Bitcoin critic and blogger Ken Hess.

Other topics include AML, crime, liberty, philosophy, the New Hampshire Free State Project, the Rise and Rise of Bitcoin and the future of the technology.

Erik is the founder of Coinapult which is based in Panama – he worked with BitInstant and other companies in the space and writes a blog titled Money and State.

Bruce is founder of Atlantic Financial and a 20+ year veteran of the financial services and economic consulting business. He is President of the Bitcoin Association, founder of Satoshi Roundtable and a regular speaker at various Bitcoin events.

This fireside chat took place in December 2014 at the Dubai Bitcoin Conference.

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Should you invest in Bitcoin? Maybe not, says Brad Templeton, but that doesn’t mean the digital currency isn’t amazing in and of itself. Templeton explains what Bitcoin achieves and how it will lead to further innovation. This video is part of Big Think’s collaboration with Singularity University on Exponential Technology.


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Transcript: Should you invest in Bitcoins? I tell people no. I tell people that the value that people are applying to Bitcoins today is definitely speculative. And so that doesn’t mean you can’t make a lot of money, everyone knows what’s called the greater fool theory that you make money from greater fools and you hope you’re the lesser fool. But obviously there are just as many people who fail on that that is who win on it. So, not necessarily something to invest in today, but the technology, the idea, this is very interesting. This is worth looking at.

So what Bitcoin creates is a ledger that needs no bank. And that’s actually pretty important because if you think about what is a bank, at least as far as the money transfer and the checking and savings, not the loan part but the financial, the moving money part of a bank, it’s really it’s a secure ledger. The bank does not just have a little file that says your account has ,000 in it. They insist that when you write something they make a note in their ledger that ,000 is transferred from your account into someone else’s account and so on and that’s important to make it secure. Well, what the designers of Bitcoin created was a way to make a ledger that’s secure and that everyone can trust but that no one owns or controls. And this allows people to have money that can be free of the influence of governments, which is both bad if you’re a government and great if you don’t like what governments do with their monetary policies. It lets the policy be set by consensus and software. So Bitcoin basically has found a way to always know what the majority thinks, and by always knowing what the majority thinks you get something you hope you can trust. In theory if someone controlled more than half of the computers in the world they could take over Bitcoin, but that’s pretty unlikely.

So, why is that exciting? Well, I grew up with the Internet and I’m old because the Internet has actually been around for a while. And the things that I think gave us the revolution of the Internet, that made it change the world so much are things like the fact that it’s open and anyone can innovate on it. And things like the fact that the smarts in the Internet are not in the network, they’re in your phone, they’re in the Web server you’re talking to, they’re in your desktop computers. They’re not in the networking equipment. And that means you can innovate on the Internet without asking anyone’s permission. You don’t have to call the phone company and say hey I want to put up a cool website, I’m just going to do it. And that gave us all of these wonderful things like Google and YouTube and Facebook, and all these other websites because people sitting in their father’s basements could create new products and send them out to the world and try them without having to ask anyone’s permission and without having to spend a lot of money. Now Bitcoin is also efficient. It’s designed to allow financial transactions to take place at a very low cost. But, this system that doesn’t have anyone controlling it and thus has no one to ask permission of is a system that will allow that type of innovation to take place in the world of finance and in the world of contracts. The same kind of innovation that happened in the world of communications and interacting with other people that the Internet gave us.

So the hope for Bitcoin is this is a platform where lots of innovators, all sorts of innovators, people like people in dorm rooms who gave us all those big Internet companies can do the same thing in finance and in contracts. And I say in contracts because while the only thing people use Bitcoin for today is effectively to write checks that transfer title in some Bitcoins to another person or another secret numbered account because it’s designed to be public in what you do but private in terms of who’s doing it. It actually becomes possible to do things like write a contract and say I transfer one Bitcoin to you if the following is true, like if you’ve delivered the thing you’re supposed to deliver to me or something like that. And so now the contracts are enforced without courts, without any other third party. So the ability for people to just play with that and innovate with that that’s really exciting and that’s why you want to pay attention to Bitcoin.

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Skyward Sword: BiT Mine entry skip, early lanayru gorge and early north desert

Originally found by Abahbob. I’m only uploading this for better quality, sound and not being on twitch.

Probably the biggest skip yet, skipping the entire first section of lanayru, getting to the gorge early which allows skipping talking to the annoying goron, and a faster way to get to the north desert skipping the temple of time section.

Early gorge doesn’t let you get early thunder dragon because the key is not loaded yet which makes it impossible to continue, but it allows faster travel there when you do need to go there, and allow allows you to get the tree of life seed early

DIY – BitCoin mining ASIC Avalon Gen 2 A3255-Q48, PCB 16 chips – 26GH/s

PCB for DIY – Bitcoin Miner on ASIC 16 chips Avalon 2 gen A3255-Q48 – total performance 26 GHs!
Price 1pcs prive – /PCB,
more 10pcs – /PCB

Economy Shipping Worldwide – .99
Expedited Shipping Worldwide (DHL and FedEX) –

My contact:
Skype grisha.anofriev

NOW! Additional you get documentation about assembling.
Now it is easy to make in 1000 GHs, you only need 40 pcs of this PCB.

Printed circuit board powered by a conventional power supply 12V to a minimum of 60 watts and is connected to the computer via a USB cord. You just connect and start earning miner Bitcoin.

КУПИТЬ ПЛАТЫ МОЖНО ЦЕНА – 1шт и от 10 шт – , доставка по миру .
Если хотите купить пишите на почту
Skype grisha.anofriev

Вашему вниманию представлена 4-х слойная печатная плата для 16 чипов Avalon второго поколения А3255, общей производительностью 26 GHs на одну плату.
Эти платы можно купить у нас, доставка осуществляется по Всему Миру DHL или FedEx. Цена доставки Спешите осталось ограниченное количество плат.
Вот так выглядит собранная плата Bitcoin Майнера на 26 GHs.
Сейчас она находится в разгоне, под управлением BFGminer и выдает 26 GHs.
Плата запитана от обычного 12 вольтового импульсного блока питания на 100 ватт и подключается к компьютеру через USB шнур. Вы просто подключаете miner и начинаете зарабатывать Bitcoin.

For sale bitcoin mining asic from AVALON
For buy you can send email to

Thanks For Watching.

How to: Mine Bitcoins with Raspberry Pi and Butterfly Labs Jalapeno

Check out my latest Raspberry Pi project using a Butterfly labs Jalapeno 5 Gh/s Bitcoin miner and a Raspberry Pi Model B running Raspbian.

Buy a bitcoin miner:
Get the Electricity usage monitor:
Get a 5V2A power supply:
And, the Raspberry Pi 2B:

I use as my mining pool. But, I’d be interested to hear if you think there’s a better alternative.

Here are the commands to get it up and running:

sudo apt-get update && sudo apt-get upgrade

sudo apt-get install libusb-1.0-0-dev libusb-1.0-0 libcurl4-openssl-dev libncurses5-dev libudev-dev


tar xvf cgminer-3.8.5.tar.bz2

cd cgminer-3.8.5

(note the next line enables my ButterFly Labs bitcoin miner, if you have a different miner read the cgminer instructions)

./configure –enable-bflsc


sudo usermod -G plugdev -a `whoami`

sudo groupadd plugdev

sudo reboot

cd /home/pi/cgminer-3.8.5

(replace the information pool/username/password below with your information)

cgminer -o http://pool:port -u username -p password

(Once you’ve done all that – get it to get on startup!)

sudo nano /etc/rc.local

(now enter your cgminer -o line to run every time)

Comment below to let me know how you got on.

To see my other Raspberry Pi projects:
Outdoor Automated Lights:
Garage door remote:
File Server (NAS):
Weather Station:

If you like the video or think it’s useful buy me a coffee:

Donate with bitcoin! 1HfHr25qZQjPzwphPxpNaD5CytDNYcfzrJ

Cryonic FrostBit Bitcoin Miner Unveiled to Consumers

Bloomfield Hills, MI (PRWEB) May 23, 2013

Startup company Cryoniks launches today the FrostBit™ 1000 Cryonic Bitmining Solution aimed at the Bitcoin digital-currency community in time for summer.

Following the massive wave of new technology aimed at the controversial online digital currency Bitcoin, Cryoniks, Inc. has just unveiled its new bit mining powerhouse – the FrostBit™ ‘cryonic’ computer system. Featuring the world’s first on-board liquid nitrogen generator available to consumers, the FrostBit™ 1000 houses the first generation of low-temperature superconducting ASIC processors designed to drastically reduce power consumption while increasing overall system speed and efficiency. A spokesman for the company has called the system “truly the next generation of personal computing” when referring to the companies ASIC+ Cryonic Architecture™. “We designed the FrostBit™ solution to redefine consumer standards when it comes to affordable yet resource-efficient personal computing,” states Mr. Chris Whiting, Lead Project Developer Cryoniks, Inc., after being asked what the initial inspiration was for the project.

Engineered almost exclusively for the Bitcoin mining community, the FrostBit™ 1000 is rated at 2800W max peak-power consumption ranking the system by far the most energy efficient solution of its nature available to consumers. When questioned about the advertised 1000GH/S rated speed and cryonic components, Mr. Whiting said teasingly, “It’s easy to make them faster – the key is making them practical.” Heavy emphasis on design is immediately apparent with the Sci-Fi inspired light-strips. “It’s not innovative to slap on a few more processors; we wanted to design everything from scratch – reinvent what was possible while always conscious of being green.” Company sources have also confirmed that the units will be entirely made and shipped from the U.S.A.

Now accepting pre-orders, with expected delivery this July, the FrostBit™ 1000 Cryonic Bitmining Solution is a must-have for the serious Bitcoin miner or Bitminer wanting bleeding-edge technology, minimal running expenses and a futuristic housing unit. Find out more by visiting the official site at to pre-order your very own.

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