CoinAxis

Silk road shutdown, Bitcoin is free to go mainstream

Today the feds seized, and shutdown the elusive online marketplace, Silk Road.  For those of you that don't know.  Silk Road was an online marketplace for everything.  When I say everything, I mean, everything.  From drugs, to weapons, and everything else in between, Silk Road had it.  They were able to stay ahead of the feds, because they used the "semi-anonymous" Tor network. The Tor network connected you through dozens, if not hundreds of servers globally.  For example, if connected to the Tor network, it would appear that your IP address was coming from Turkey, when you were actually sitting in a coffee shop in Los Angeles.  

Credit card processing, merchants, and bitcoin

As more small businesses dive into the online marketplace, many are encountering some substantial obstacles. Often, small businesses are led to believe that moving online, achieves a different level of freedom, and income. This may be true for some, but not all.  For most small business operations rely heavily on a positive cash flow. Extra fees, chargeback, and fraud, can be the nail in the proverbial coffin.

Bitcoin - An Emerging Global Payment System

Online transactions have become commonplace in most of our lives.  Companies like Amazon have become ubiquitous, and with good reason.  Their service is impeccable.  The myriad of competitors, vie for a small slice of the online marketplace.  This creates some amazing bargains for the consumer, not to mention, keeping the businesses sharp.   With the online retailers, we have witnessed some amazing progression in the last decade.  Although, there are areas of this online ecosystem, that have remained stagnant, if not abusive to their customers.  What segment, you ask?  The credit card companies.  

For those of us Windows (or Apple) users, Linux can be daunting at first.  It's the wild west of operating systems.  In many ways is far superior than it's Microsoft and Apple counterparts; however, there are some strong caveats.  To make bitcoin and litecoin even more confusing to the average person, try adding Linux to the mix.  Frustration typically ensues.  

Poland confiscates pension funds & assets.  Bitcoin still free!

Today, Poland decided to carryout a predictable move.  I say predicitable, because history tends to repeat itself.  What once was private property, has now been confiscated by the Polish government.