Bitcoin Fuel Pump, Lifeonbitcoin and other bitcoin world travellers will like this: Bitcoin meets Black Gold

One of lifeonbitcoin's most difficult challenges was finding someone who would take bitcoins for fuel, a bit like the inverse of the petrol dollar and oil-gold. Well, not anymore, as we move on from direct gold-btc trading to btc-fuel pump trading. Bitcoin meets black gold How it works To begin, Schroder explains that users simply remove the fuel nozzle, and a unique bitcoin address will appear on the device displaying the current price of bitcoin per litre of gasoline. From there, users scan the QR code, send their…
Continue Reading »

Overstock Chairman Jonathan Johnson at Utah Bitcoin Meetup: Lifeonbitcoin

Some takeaways: -2/3rds of Overstock's bitcoin customers are new. -Over half a percent of their billion dollars in annual sales now comes from btc. It has blown away their initial expectations. -Currently they lose .2% of their revenue to fraud. With bitcoin, that is gone. -The largers savings is on credit card fees with bitcoin purchases. -Some employees are asking to be paid partially in bitcoin. also buys some bitcoin each week. -They will pay vendors more quickly if they take btc because of reduced transaction fees and…
Continue Reading »

Life on Bitcoin Update 3 months on

Life on Bitcoin has an update! #LifeonBitcion Update: 3 months Since Posted by Austin Craig on February 13th, 2014 We concluded our experiment as we returned home from Singapore, on November 2, 2013. In total, Beccy and I lived on bitcoin for 101 days. It’s now been exactly that long since we finished. A lot has happened in that time. When we finished, a single bitcoin was worth roughly $200, BTC China was fast rising to become the world’s largest exchange, neither nor Newegg had announced any bitcoin…
Continue Reading »

Austin Craig on Bitcoin (life on bitcoin)

Bitcoin’s Place in Tech Evolution Posted by Austin Craig on January 22nd, 2014 Note: I wrote this several weeks ago, prior to Marc Andreesen’s op-ed in the New York Times. I haven’t published it till now because I was submitting to major publications for consideration, including the New York Times. A friend and I were talking on Facebook the other day, when he asked a question I’ve heard a lot lately. “Does anyone really USE bitcoin?” he asked. “It seems that most people hold onto their bitcoin… unless…
Continue Reading »

Mobile Vikings first cellular network takes bitcoin: CoinDesk

The life on bitcoin couple had talked about their immense difficulty with cellphone/mobile internet provisions, this would make it easier if they take a bitcoin trip to Belgium (or Netherlands)! Maybe bitcoins can replace phone sims in the future From Coindesk Mobile Vikings: the First Cellular Network to Accept Bitcoin Nermin Hajdarbegovic | Published on December 20, 2013 at 18:15 GMT | Lifestyle, Merchants, News Belgian mobile carrier Mobile Vikings has started accepting bitcoin payments – claiming it is the first telecom operator to do so. The company’s service…
Continue Reading »

Have Bitcoin, will Travel, local english and chinese coverage on Life on Bitcoin’s Bitcoin World Tour and final pitstop in Singapore and roundup

(want to read about the bitcoin conference in Singapore?) Just a few days ago on the friday that has passed (1st of November), the Craig couple (or bitcoin couple) have spent the past 100 days, crossing continents, countries, sovereigns, jurisdictions without spending dollars or fiat. They've made their way from Utah, America to Stockholm, Sweden to Berlin, Germany to Singapore, Singapore. The bitcoin couple's blog: The kickstarter was to pay for the film crew, where they will be handling the documentary of their pretty incredible journey. Proof of…
Continue Reading »
Litecoin: LLnSyo8rqbJng11b3whVUXSr6nWMtmT1zU
Bitcoin: 158MikZVM8yQviLcvxu1aahTysSxDUaePr