Google bitcoin...

Everyone throughout the day for a few weeks randomly google the following

"bitcoin it really whip's the lama's ass"
"bitcoin it's better than bad it's good"
"bitcoin is the future"
"bitcoin, I'd buy that for a dollar!"
"bitcoin did I do that?"
"Bitcoin have mercy!"
"bitcoin Howwww ruuuuudddee"
"bitcoin NOT the momma!"
"bitcoin, how you doin'?"
"bitcoin, oh my God they killed Kenny"
"bitcoin, is that your final answer?"
"bitcoin yadda yadda yadda"
"bitcoin, there can be only one"

Let's see if we can't get google to start including them in the Google suggestion box heh.

Made my first purchase with bitcoin!

Made my first purchase with bitcoin earlier. Went smooth and was a transaction I normally would have paid cash for. I'll likely use bitcoin again in the next week or so for a purchase as I'm eyeballing a few things I need over on Tiger Direct!

An idea for business owners, introducing bitcoin to customers

I have a small business, when I ship out orders I always include a business card with company info on the front and a QR code on the back linking to the store as well as a coupon code for anyone referred via the card (which, after sending out about 100 in orders I actually had someone finally use that special coupon code today which recovered the costs for about 900 cards... I'll call that a marketing win!) and now that I've been accepting bitcoin a week over at Genco Peptides (I have even had my first order with bitcoin exactly 1 week after accepting it) I decided to make another card to include in every order that will help raise awareness for bitcoin!

Front:

Back:

Hopefully people look at the card, find themselves curious, and go read about bitcoin... or perhaps they already have some awareness of bitcoin and this gives them a good resource to go learn more about it!

If anyone else has been doing something similar, please let me know in the comments! I'd love to hear from you.

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Patrick Byrne CEO of Overstock replied!

So over on reddit we have been seeing a lot of good stuff from Overstock.com CEO Patrick Byrne involving bitcoin... in this thread a user asked us to encourage Patrick to do an AMA. So, being the kind of guy I am. I contacted the man directly.

NOTE TO OVERSTOCK:  please don't get mad I post this. I made sure his contact info isn't present and it doesn't divulge any personal or business information. If you aren't happy about me sharing this please contact me directly and I'll, unhappilly, remove it. I read your signature disclaimer but I made a judgement call that Mr. Byrne and Overstock would both be fine with "How do I do that?" being post online as it damages no one and reveals no trade secrets.

I'm excited, I hope he an AMA soon!

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Some reasons why I think bitcoin will never last

Here are just some of the reasons I see bitcoin never becoming commonplace, and probably even fading into history.

• allows for easier money laundering
• provides easier ways to fund terrorism
• allows for ransomware creators (like cryptolocker) to anoymously accept ransom payments for their ransomware/malware
• allows for easy and high value theft (here is another great look at high value btc theft)
• can easily be lost if your digital wallet isn't backed up, like a 9 million USD loss
• is not protected or here is another great look at high value btc theft
• while not inflation proof currently extremely volatile
• may cross all borders but in Russia they've been banned, several other countries looking at legislation, China has told it's banks DO NOT TOUCH essentially
• if it starts to catch on muggers will approach you "transfer your btc to this wallet!!!" they then press a button on their custom app and it starts bouncing around dozens of wallets effectively becoming unrecoverable even if they are apprehended by authorities.
• actually not a very fast way to transfer money, can take 9 to 19 minutes or more to move from one wallet to another, man I'd hate to wait in a drive-thru line for that
• not everyone accepts it for payment, most likely never will and the number of institutions allowing you to to exchange for physical currencies are few and shrinking in number due to legislation in parent countries as well as hacking & DDOS attacks.
• has given birth to a whole new form of malware that infects systems for the sole purpose of turning them into mining zombies for distributed mining
• would require lots of new regulations before you could use it to invest with, to avoid money laundering and insider trading
• once all 21 million BTC have been made, if it were to catch on and be a dominating currency prices on things would be terribly inconvenient, a Chevrolet Impala might be 1BTC while McDonalds would have a 0.00004347826 BTC menu (assuming the car was 23k USD)...

To expand on that last point... it would actually be far more horrible on the fractions, currently 7bn people alive, potential for a total of 21m BTC...that would be 0.003BTC for each person, if the population were 8.5BN by then... 0.00233333333BTC per person alive. Whereas there was approximately $1.25 trillion in circulation as of February 19, 2014, of which $1.2 trillion was in Federal Reserve notes which would be 178.571428571 USD per person currently alive... but only a fraction of the world trades on the dollar. Chiefly just the United States, so 350m or so people. A lot of the arguments for BTC 'oh it's a global currency everyone can use' yeah, if everyone wants to become experts at decimal places to the tenmillionths or beyond.

I don't know about you, but I'd rather say make 10$ an hour than make 0.0004347826BTC an hour. People aren't going to want to mess with insane decimal places.