Nick Spanos is an early adopter and innovator in the blockchain space. He is best known for launching Bitcoin Center NYC, the world’s first live cryptocurrency exchange, in 2013, right next to the New York Stock Exchange — as immortalized in the Netflix documentary “Banking on Bitcoin.” As part of Bitcoin Magazine’s series of interviews and op eds leading up to the 10th Anniversary of Bitcoin, Nick shares his thoughts an early Bitcoin adopter.Before Bitcoin, I worked tirelessly for liberty-minded political candidates for many years. These candidates, the most prominent of whom was Dr. Ron Paul, spoke out against the Federal Reserve Bank because of its role in inflating the money supply which devalued the life savings of hard-working people. In almost every case, the mass media would sharply (and often unfairly) attack the image of the candidate with half-truths and misinformation, decimating our poll numbers, until they were sure that we would be defeated on Election Day. No matter how hard we worked or how much money we raised, we were no match for what I call the political bosses of today, the mainstream media.After two decades of struggle, I thought I had wasted my life fighting unwinnable battles. Then one day, I read the Bitcoin white paper. I read it half a dozen times and I thought, “Finally, I have a weapon that cannot be destroyed on Election Day.”Bitcoin for me is not an instrument for financial investment. Bitcoin for me is a declaration of our monetary independence.When I started the Bitcoin Center in 2013, I had a flourishing real estate business in downtown New York. I had an established career in developing technologies for political campaigns. Because of bitcoin’s reputation in the mainstream media back then, I knew that many of my relationships would be destroyed if I emerged as a public figure in the cryptocurrency space. When I launched the center, a press release was sent out revealing me as the founder even though I never wanted that information to go public. Immediately, concerned friends and family started calling me, asking me what I was getting myself into and wondering if I had lost my mind. Bitcoin was for illicit activities on the internet, they told me. This is nothing but video game money, said others. My life mission of personal freedom was more powerful than anything anyone could ever say to me.I knew I had to bring Bitcoin out of the back alleys and onto Wall Street for the world to take it seriously. So, for many years, by day, we taught reporters, stockbrokers, students, technologists and tour groups about bitcoin, for free, and by night, bitcoin and other cryptocurrencies were traded on the world’s first live cryptocurrency trading floor (also for free). Every day, we made our stand, not knowing which government agency might walk through the doors or what papers they might serve us, or even worse. Yet we stood there, like David with his slingshot up against the modern day Goliaths, in an open and notorious manner, unwavering and unafraid. For years, we fought tooth and nail and spread the ethos of decentralization far and wide, with a team of lawyers at the ready. Licenses were created against us to thwart the rate at which we were growing. Agencies worked tirelessly to figure out how to turn people off from adopting bitcoin, and yet the little bitcoin thrived against all odds.Then one day, we looked up and we realized something: Many big companies are attempting to bamboozle us. Microsoft, IBM, Goldman Sachs, JP Morgan, even Google and Facebook — overnight, all these goliaths of centralization are attempting to enter “blockchain.” They are touting what they call “blockchain,” but what they are actually peddling is another iteration of centralized control in, what is for many of them, a last ditch effort to stay relevant.Many people in our community were excited by the invasion of these goliaths because they had thought it might lend us legitimacy. But that’s only because they had been brainwashed into thinking that our community was otherwise illegitimate. We, the open, permissionless blockchain believers, are the legitimate ones.The reality is that the educational work we began at the Bitcoin Center is more important now than ever before as we continue to teach people the true meaning of decentralization. As many have said, and as I have said in forums in dozens of countries throughout the world, from Saudi Arabia to Sri Lanka: There can be no transparency, immutability or accountability without decentralization.The internet grew by leaps and bounds because it was permissionless. A permissioned internet would probably have been nothing in comparison. The same is true for the blockchain. Despite these powerful institutions and regulators who are shoving their centralized agendas down our throats, I am confident in the resilience and fortitude of our ever growing community to withstand these attacks. If we don’t all stand for something, we will fall for anything. We have made too many compromises and have retreated too many times without a fight. Goliaths hire many of us to tout their Trojan horse projects. Lobbyists working for the goliaths convince governments to regulate us into the ground while promoting their own unqualified, unseasoned friends. They change the tax code to tax us over and over with every little trade, even within our own portfolio, and we still do nothing. Are we to just give up? Are we to just lay down and let this happen to all of us?Why do we fuel infighting within our own community? We are all in the same boat. Big torpedoes are aimed at us. Shots over the bow have turned into direct hits. If we don’t finish freeing ourselves with the open, permissionless, decentralized blockchain, they are going to imprison us with the closed, permissioned, centralized blockchain. We have to look in the mirror every day and ask ourselves: What have we done to help Bitcoin? I don’t know about you but before I die in this cage, I want to run free in the wild, and Bitcoin is the key to our freedom after we fight for it.This is a guest post Nick Spanos, an early adopter and innovator in the bitcoin and blockchain space. Views expressed are his own and do not necessarily reflect those of Bitcoin Magazine or BTC Inc. This article originally appeared on Bitcoin Magazine.
When all cryptocurrencies go through another round of bearish momentum, one would expect every single asset to follow the same pattern. In the real world, however, that is not always the case. Dogecoin continues to surprise a lot of people first and foremost, and its value continues to remains table for the time being. As […] The post Dogecoin Price Remains at $0.002 as Market Cap top 20 Looms appeared first on NullTX.
Reports came out earlier this week that Bail Bloc would be focusing their Monero mining contributions to bail out migrants in ICE detention facilities. The “cryptocurrency scheme against bail” is teaming up with the Immigrant Bail Fund to help over 40,000 people finance their payment. Bail Bloc, is an app developed by The New Inquiry which launched at the end of last year and had a small percentage of the operating device dedicated to computing power to mine cryptocurrency. After there was a huge flood of economic refugees running away from their homes in South and Central America, the President of the United States, Donald Trump has given his stance on how to respond to their arrival in the nation. Initially, Trump has made the customs for arrivals more militarised to wrongly separate children from their families. The agency is known as ICE and reported they had quickly “adjusted to the President’s Executive Order 13768, which largely abandoned any enforcement priorities, by arresting and deporting a greater number of immigrants who pose no threat to public safety.” As reported by BTC Manager, once they are seized, prisoners are rarely offered any legal defence while they await their given date of trial - this can often take years to get processed. A bail is usually provided but it is far too much to pay for many prisoners and according to Bail Bloc “an estimated [one] and [five] people are in ICE detention because they cannot afford to pay their bond.” After this, Bail Bloc, a product of The New Inquiry Rhetorical Software initiative will be taking control of the funds for the Immigrant Bail Fund based in Connecticut. Here, the median immigration bond is around $15,000. The New Inquiry took to Twitter to say that they would be matching the funds: We're matching all funds raised for @migrantbailfund through Bail Bloc until December 14. Download today to volunteer your computing power and get people out of ICE detention. https://t.co/WykI5SqA1R — The New Inquiry (@newinquiry) December 10, 2018 What are your thoughts? Let us know what you think down below in the comments!
Bitcoin [BTC] has taken down its altcoin mates on the chart with it as the bear market hit a few weeks back. At present, as the crypto-board is colored in red, BTC is down by 3.27%. At press time, the token was trading at $3,314 with a market cap of $57.7 billion. The total trading […] The post Bitcoin [BTC/USD] Technical Analysis: Bull to remain silent as market deals more damage appeared first on AMBCrypto.
AMBCrypto: Ethereum Classic team: Our goal is to revolutionize the ETC community and inject competition, vigor and democracy
Ethereum Classic [ETC], one of the leading projects in the cryptocurrency space, has been in the limelight because of the turmoil in the community. Now, the Ethereum Classic Labs has stepped into the spotlight to tell their part of the story. Earlier this month, one of the development teams, Ethereum Classic Development Company, released a […] The post Ethereum Classic team: Our goal is to revolutionize the ETC community and inject competition, vigor and democracy appeared first on AMBCrypto.
A stablecoin shuts down, crypto scammers resort to bomb threats, crypto users are horrible with passwords, and "blockchain developer" is top-growing job. Plus, there are more ID-verified crypto users this year.
This week in crypto: U.S. bills start moving, the CFTC looks for teachers, and Dash dines on some Venezuelan chicken. Read it all in our weekly roundup. The post This Week in Cryptocurrency: December 14, 2018 appeared first on CoinCentral.
A soccer club from the Brazilian premier league, Atletico Mineiro, joins Paris Saint-Germain and Juventus in launching its own “fan token”
Cubits, a London-based digital asset trading platform, has been forced into administration after fraudsters reportedly stole €29 million (about $32.5 million) from the exchange in February. The company claimed “it fell victim” to an elaborate scam orchestrated in collusion with three of its clients. Also read: Former Mt. Gox CEO Could Face 10 Years in Jail […] The post U.K. Cryptocurrency Exchange Cubits Shuts Down After $33M Scam appeared first on Bitcoin News .
Trustnodes: Press Release: A New Digital Currency And Exchange Aims to Revolutionize The Way Small Investors View Crypto Assets
It has been a while when digital currencies are becoming popular amongst the traders. However, if you dig a little the percentage of small and retail investors amongst these traders... The post Press Release: A New Digital Currency And Exchange Aims to Revolutionize The Way Small Investors View Crypto Assets appeared first on Trustnodes.