Sure, I'm curious, but in the end knowing who designed Bitcoin is about as important as knowing who designed the $20 bill.— matt blaze (@mattblaze) March 7, 2014
On the Web:
- After Debit Card Fraud, a Small Bank Feels Customers’ Frustration - New York Times - “The fact was that Target was a well-known retailer where ill-willed people pulled off an armored-car heist in broad daylight on Main Street.”
- Big banks jumping on bitcoin bandwagon - MarketWatch - The Tell Blog - "Many major Wall Street banks are trying to understand bitcoin, the virtual currency that has gained interest in the last few years..." Heavenly Currency Intervention Is Sought - Wall St. Journal - "African countries are having a devil of a year, due in large part to the slump in their currencies."
- What Businesses Really Need To Know About Bitcoin - Steptoe & Johnson Blog (Jason Weinstein) - "Businesses should consider three broad categories of risk — legal/regulatory, commercial/financial, and reputational — before deciding whether to do business right now in bitcoin or other virtual currencies."
- The Satoshi Paradox - Reuters (Felix Salmon) - "But the fact is that if you believe that Dorian is Satoshi, you have to accept that there are still a lot of things which don’t really add up."
- Newsweek's Statement on the Bitcoin Story - Newsweek - "Newsweek stands strongly behind Ms. Goodman and her article."
- Atlanta's BitPay expands HQ, fueled by Bitcoin demand - Atlanta Business Chronicle - "Buckhead-based BitPay plans to add about 60 jobs in the next 12 months."
- Lisa Falzone of Revel Systems on the Thrill of Entrepreneurship - New York Times - "It took me a good three years of trying things — marketing, sales, big companies, small companies, finance. I looked into starting a dozen different businesses before I started Revel."
- Bitcoin: Some Parts Brilliant, Some Parts Sure to Bomb - Re/code.net (Denée Carrington) - "Bitcoin is deeply flawed as an alternative currency or payment method for mainstream consumers. It will, however, be a catalyst for a more efficient global payments system..."
- We Are All Bitcoin - Bitcoin Foundation Blog (Jeff Garzik) - "The Bitcoin protocol would not exist without Satoshi, who is without question a brilliant designer. However, Bitcoin will endure well past Satoshi, as Bitcoin is everyone who uses it, not just one person."
- “Real” Satoshi Claims He Is Not Dorian Nakamoto - TechCrunch - "Meanwhile, an individual claiming to be the real Satoshi Nakamoto said the Newsweek story was wrong in a brief post on the P2P Foundation‘s Ning page..."
- New EMV framework to support NFC, QR, Bluetooth LE and more - NFC World - ""The EMVCo Payment Tokenization Framework will be technology agnostic, whether it's contactless, Bluetooth LE or QR codes..."
On the Wires:
- Federal Reserve monthly G.19 Consumer Credit Report for January 2014 - "In January, consumer credit increased at a seasonally adjusted annual rate of 5-1/4 percent. Revolving credit decreased at an annual rate of 1/4 percent, while nonrevolving credit increased at an annual rate of 7-1/2 percent."
- NRF Says PIN Essential on New Credit and Debit Cards - “Insisting on chip-and-signature cards is like installing an alarm on the front door of a home while leaving the back door wide open. It doesn't make sense when the technology exists to secure the entire house.”
- Blackhawk Comments on Parent Company Safeway's Spin-Off Announcement - "Blackhawk also recently extended its distribution agreement with Safeway Inc. to be its exclusive provider of prepaid products in all its U.S. grocery stores through 2019 (presently 1,335 stores)."
- MBTA Makes the Switch to PayByPhone (for parking) - "PayByPhone’s smartphone app and dial-in service eliminates the need to stop and insert cash or coins at the payment (honor) boxes for daily parking. Commuter Rail customers no longer need to worry about having single dollar bills or rushing to pay before their train or ferry departs."
- Union Pay - The Season Has Arrived! Introducing Notable Sites and Highlights for Cherry Blossoms in Japan - UnionPay International has launched a UnionPay Hotel Campaign (http://www.shopping-guide.co.jp/) with a special feature that offers a 1,000-yen discount to those who use the UnionPay card to pay for accommodations (minimum total of 10,000 yen) at any of the approximately 100 tie-up hotels around the country.
Updates from Glenbrook:
- Glenbrook Payments Boot Camps: March 18-19 in New York; May 6-7 in Palo Alto, CA.
- The Kindle edition of our book "Payments Systems in the U.S. - Second Edition" - is now available in the Kindle Store as well as in an iBooks version for your iPad or Mac in the iBooks Store.
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