Eric Martindale

Why not?  Who is backing bitcoin to insure it?  No one.  We've already seen multi-million dollar values of bitcoin embezzlement.   The claim it is secure is bs.  

If I have bitcoin store at any one of these sites and then all of a sudden they go belly up, what happens?  I lose everything.

A bank going belly up at least they have backing on it to secure the vast majority of the funds kept in it. 

Is other currency, or banking 100% secure?  No.  But it is a lot more than bitcoin.  

It it was supported and insured like other currencies, I'd say there isn't a reason.  But it isn't. 

And it is as much beholden to the market as any other currency out there also.   We've seen people price manipulating it just like other currency trading.

So no real insurance or security, and questionable "banks" for it.  No thanks.

2013 was an amazing year; between founding +Coursefork, building soundtrack.io and para.io, working with several amazing startups [1], and being allowed to call myself a peer to some of the smartest people I know all throughout, it has been a year of both great achievement and personal growth.  This sets an incredibly compelling stage for 2014 and everything to come therein.

Today, I'm excited to announce that I'll be joining the likes of Jeff Garzik [2], Patrick Nagurny, and Ian Patton under the leadership of CTO Stephen Pair at +Bitpay, which allows anyone to quickly and seamlessly accept Bitcoin as payment, settling immediately in any currency, including USD.

Bitcoin has become one of the biggest stories of 2013, having grown over 9000% in value [3] and even surpassing Western Union in transaction volume [4].  As potentially the most counterfeit-proof form of payment in history, Bitcoin is poised to become one of the most disruptive technologies since the invention of the Internet as society moves increasingly into decentralized systems in an era of waning trust and increasing technological awareness by growing economies like China, India, and Brazil [5].

Taking advantage of this trend of decentralization, BitPay is perfectly positioned to serve as the mechanism for BitCoin's mass-adoption as massive merchants such as +Overstock.com move to accept this new form of payment.  It's exciting to be involved with a company in this position at such an early stage, and expand the breadth of my experience to include another decentralized system, and especially to be holding the responsibility of expanding the company's open-source initiatives and engaging the developer community in a meaningful way.

After parting ways with Coursefork late last year, I've taken a seat on the Board of Advisors, allowing the amazing team we built to realize the vision of open-sourcing the world of education [6] under the leadership of CTO +Brian Marks.  Brian was previously the CTO of successful education startup WebAssign [7], and will be an excellent steward of Coursefork's team and technology as they move towards the much-needed decentralization and open-sourcing of the education industry.  My best wishes to the team as they endeavor to do so!

Exciting times all around, and I'm truly lucky to be a part of it in so many ways.  Now let's go make the world a better place.

[1]: One of which, DigaForce, was just acquired: http://www.bizjournals.com/triangle/news/2014/01/02/apex-tech-firm-strategic-link-partners.html?page=all — congratulations to +Anthony Pompliano and +Matthew Cotter!
[2]: Jeff is one of the core developers of Bitcoin and a former +Red Hat team member from Raleigh.  How's that for the Triangle Company Family tree, +Derrick Minor?!
[3]: http://www.theblaze.com/stories/2013/11/29/which-currency-is-up-over-9000-this-year-and-sells-for-almost-as-much-as-an-ounce-of-gold/
[4]: http://www.businessinsider.com/bitcoin-can-be-the-new-western-union-2013-12
[5]: You might recall that in March of 2013, the Cypriot government restricted withdrawals and then utilized citizens' bank accounts directly to bail out their banking system, resulting in a surge in Bitcoin prices as individuals fled the fiat currency: http://money.cnn.com/2013/03/28/investing/bitcoin-cyprus/
[6]: Here's an interview I did while CTO of Coursefork with +Jason Hibbets from +Opensource.com that explains the vision: http://opensource.com/education/13/9/coursefork-education-tool
[7]: As a cofounder and CTO at WebAssign for 13 years, Brian took the education company from zero to over $30M in yearly revenue before becoming my co-founder at Coursefork.

Onward, and Ever Upward
2013 was an amazing year; between founding +Coursefork, building soundtrack.io and para.io, working with several amazing startups [1], and being allowed to call myself a peer to some of the smartest people I know all throughout, it has been a year of both great achievement and personal growth.  This sets an incredibly compelling stage for 2014 and everything to come therein.

Today, I'm excited to announce that I'll be joining the likes of Jeff Garzik [2], Patrick Nagurny, and Ian Patton under the leadership of CTO Stephen Pair at +Bitpay, which allows anyone to quickly and seamlessly accept Bitcoin as payment, settling immediately in any currency, including USD.

Bitcoin has become one of the biggest stories of 2013, having grown over 9000% in value [3] and even surpassing Western Union in transaction volume [4].  As potentially the most counterfeit-proof form of payment in history, Bitcoin is poised to become one of the most disruptive technologies since the invention of the Internet as society moves increasingly into decentralized systems in an era of waning trust and increasing technological awareness by growing economies like China, India, and Brazil [5].

Taking advantage of this trend of decentralization, BitPay is perfectly positioned to serve as the mechanism for BitCoin's mass-adoption as massive merchants such as +Overstock.com move to accept this new form of payment.  It's exciting to be involved with a company in this position at such an early stage, and expand the breadth of my experience to include another decentralized system, and especially to be holding the responsibility of expanding the company's open-source initiatives and engaging the developer community in a meaningful way.

After parting ways with Coursefork late last year, I've taken a seat on the Board of Advisors, allowing the amazing team we built to realize the vision of open-sourcing the world of education [6] under the leadership of CTO +Brian Marks.  Brian was previously the CTO of successful education startup WebAssign [7], and will be an excellent steward of Coursefork's team and technology as they move towards the much-needed decentralization and open-sourcing of the education industry.  My best wishes to the team as they endeavor to do so!

Exciting times all around, and I'm truly lucky to be a part of it in so many ways.  Now let's go make the world a better place.

[1]: One of which, DigaForce, was just acquired: http://www.bizjournals.com/triangle/news/2014/01/02/apex-tech-firm-strategic-link-partners.html?page=all — congratulations to +Anthony Pompliano and +Matthew Cotter!
[2]: Jeff is one of the core developers of Bitcoin and a former +Red Hat team member from Raleigh.  How's that for the Triangle Company Family tree, +Derrick Minor?!
[3]: http://www.theblaze.com/stories/2013/11/29/which-currency-is-up-over-9000-this-year-and-sells-for-almost-as-much-as-an-ounce-of-gold/
[4]: http://www.businessinsider.com/bitcoin-can-be-the-new-western-union-2013-12
[5]: You might recall that in March of 2013, the Cypriot government restricted withdrawals and then utilized citizens' bank accounts directly to bail out their banking system, resulting in a surge in Bitcoin prices as individuals fled the fiat currency: http://money.cnn.com/2013/03/28/investing/bitcoin-cyprus/
[6]: Here's an interview I did while CTO of Coursefork with +Jason Hibbets from +Opensource.com that explains the vision: http://opensource.com/education/13/9/coursefork-education-tool
[7]: As a cofounder and CTO at WebAssign for 13 years, Brian took the education company from zero to over $30M in yearly revenue before becoming my co-founder at Coursefork.

Onward, and Ever Upward
2013 was an amazing year; between founding +Coursefork, building soundtrack.io and para.io, working with several amazing startups [1], and being allowed to call myself a peer to some of the smartest people I know all throughout, it has been a year of both great achievement and personal growth.  This sets an incredibly compelling stage for 2014 and everything to come therein.

Today, I'm excited to announce that I'll be joining the likes of Jeff Garzik [2], Patrick Nagurny, and Ian Patton under the leadership of CTO Stephen Pair at +Bitpay, which allows anyone to quickly and seamlessly accept Bitcoin as payment, settling immediately in any currency, including USD.

Bitcoin has become one of the biggest stories of 2013, having grown over 9000% in value [3] and even surpassing Western Union in transaction volume [4].  As potentially the most counterfeit-proof form of payment in history, Bitcoin is poised to become one of the most disruptive technologies since the invention of the Internet as society moves increasingly into decentralized systems in an era of waning trust and increasing technological awareness by growing economies like China, India, and Brazil [5].

Taking advantage of this trend of decentralization, BitPay is perfectly positioned to serve as the mechanism for BitCoin's mass-adoption as massive merchants such as +Overstock.com move to accept this new form of payment.  It's exciting to be involved with a company in this position at such an early stage, and expand the breadth of my experience to include another decentralized system, and especially to be holding the responsibility of expanding the company's open-source initiatives and engaging the developer community in a meaningful way.

After parting ways with Coursefork late last year, I've taken a seat on the Board of Advisors, allowing the amazing team we built to realize the vision of open-sourcing the world of education [6] under the leadership of CTO +Brian Marks.  Brian was previously the CTO of successful education startup WebAssign [7], and will be an excellent steward of Coursefork's team and technology as they move towards the much-needed decentralization and open-sourcing of the education industry.  My best wishes to the team as they endeavor to do so!

Exciting times all around, and I'm truly lucky to be a part of it in so many ways.  Now let's go make the world a better place.

[1]: One of which, DigaForce, was just acquired: http://www.bizjournals.com/triangle/news/2014/01/02/apex-tech-firm-strategic-link-partners.html?page=all — congratulations to +Anthony Pompliano and +Matthew Cotter!
[2]: Jeff is one of the core developers of Bitcoin and a former +Red Hat team member from Raleigh.  How's that for the Triangle Company Family tree, +Derrick Minor?!
[3]: http://www.theblaze.com/stories/2013/11/29/which-currency-is-up-over-9000-this-year-and-sells-for-almost-as-much-as-an-ounce-of-gold/
[4]: http://www.businessinsider.com/bitcoin-can-be-the-new-western-union-2013-12
[5]: You might recall that in March of 2013, the Cypriot government restricted withdrawals and then utilized citizens' bank accounts directly to bail out their banking system, resulting in a surge in Bitcoin prices as individuals fled the fiat currency: http://money.cnn.com/2013/03/28/investing/bitcoin-cyprus/
[6]: Here's an interview I did while CTO of Coursefork with +Jason Hibbets from +Opensource.com that explains the vision: http://opensource.com/education/13/9/coursefork-education-tool
[7]: As a cofounder and CTO at WebAssign for 13 years, Brian took the education company from zero to over $30M in yearly revenue before becoming my co-founder at Coursefork.

Onward, and Ever Upward
2013 was an amazing year; between founding +Coursefork, building soundtrack.io and para.io, working with several amazing startups [1], and being allowed to call myself a peer to some of the smartest people I know all throughout, it has been a year of both great achievement and personal growth.  This sets an incredibly compelling stage for 2014 and everything to come therein.

Today, I'm excited to announce that I'll be joining the likes of Jeff Garzik [2], Patrick Nagurny, and Ian Patton under the leadership of CTO Stephen Pair at +Bitpay, which allows anyone to quickly and seamlessly accept Bitcoin as payment, settling immediately in any currency, including USD.

Bitcoin has become one of the biggest stories of 2013, having grown over 9000% in value [3] and even surpassing Western Union in transaction volume [4].  As potentially the most counterfeit-proof form of payment in history, Bitcoin is poised to become one of the most disruptive technologies since the invention of the Internet as society moves increasingly into decentralized systems in an era of waning trust and increasing technological awareness by growing economies like China, India, and Brazil [5].

Taking advantage of this trend of decentralization, BitPay is perfectly positioned to serve as the mechanism for BitCoin's mass-adoption as massive merchants such as +Overstock.com move to accept this new form of payment.  It's exciting to be involved with a company in this position at such an early stage, and expand the breadth of my experience to include another decentralized system, and especially to be holding the responsibility of expanding the company's open-source initiatives and engaging the developer community in a meaningful way.

After parting ways with Coursefork late last year, I've taken a seat on the Board of Advisors, allowing the amazing team we built to realize the vision of open-sourcing the world of education [6] under the leadership of CTO +Brian Marks.  Brian was previously the CTO of successful education startup WebAssign [7], and will be an excellent steward of Coursefork's team and technology as they move towards the much-needed decentralization and open-sourcing of the education industry.  My best wishes to the team as they endeavor to do so!

Exciting times all around, and I'm truly lucky to be a part of it in so many ways.  Now let's go make the world a better place.

[1]: One of which, DigaForce, was just acquired: http://www.bizjournals.com/triangle/news/2014/01/02/apex-tech-firm-strategic-link-partners.html?page=all — congratulations to +Anthony Pompliano and +Matthew Cotter!
[2]: Jeff is one of the core developers of Bitcoin and a former +Red Hat team member from Raleigh.  How's that for the Triangle Company Family tree, +Derrick Minor?!
[3]: http://www.theblaze.com/stories/2013/11/29/which-currency-is-up-over-9000-this-year-and-sells-for-almost-as-much-as-an-ounce-of-gold/
[4]: http://www.businessinsider.com/bitcoin-can-be-the-new-western-union-2013-12
[5]: You might recall that in March of 2013, the Cypriot government restricted withdrawals and then utilized citizens' bank accounts directly to bail out their banking system, resulting in a surge in Bitcoin prices as individuals fled the fiat currency: http://money.cnn.com/2013/03/28/investing/bitcoin-cyprus/
[6]: Here's an interview I did while CTO of Coursefork with +Jason Hibbets from +Opensource.com that explains the vision: http://opensource.com/education/13/9/coursefork-education-tool
[7]: As a cofounder and CTO at WebAssign for 13 years, Brian took the education company from zero to over $30M in yearly revenue before becoming my co-founder at Coursefork.

It's a new currency, designed for the Internet Age, that doesn't depend on any one government, bank, or company. It works the same way everywhere, regardless of what country you're in – allowing for financial freedom in ways not possible with legacy currencies.

I think the bitcoin evolution crossed a major hotizon when it survived the Chinese "deregulation" a year or so ago.  Bitcoin has since held its value and the unabated release of consumer-level  mining hardware since then has further cemented bitcoin as a currency here to stay (and I have not even mentioned the derivative crypto-currencies cropping up in the wake of  bitcoin).

+Kent Goertzen, I was discussing using the bitcoin protocol directly. Not a third-party which layers on additional fees. If a small business doesn't have much in the way of liquid assets, then it may be wise to use a third party to have BTC automatically transferred into another currency. But there's nothing wrong with using the bitcoin protocol directly. It just requires an extra step, should the company wish to convert it to another currency.

Bitcoin = Ponzi scheme.  Standard currency is risky enough.  Putting your assets into Bitcoin is just begging to get robbed.

Because bitcoin is environmentally damaging. It relies wasting on immense amounts of cpu cycles, and thus energy.

Because it's a fixed money supply, which carries a lot of economic problems. (There's a reason a lot of libertarians love bitcoin - it's essentially the gold standard, rehashed)

Not to mention its technical flaws - sybil attacks, an ever-growing ledger that is becoming unmanageably large, amongst others.

Bitcoin is a great idea, but it's a prototype for a digital currency.

+Eric Martindale sounds like manipulation on their part to take try to take advantage of the market on bitcoins, just like currency speculators do.

Reminds me a lot of those Gold jewelry buyers.
They buy up your gold jewelry at below value so they can smelt it and sell it off later when the value goes up. 

Actually sounds JUST like them.
   
And you have to trust they are giving you the right amounts.  Or again have to track the amounts your self.   Just like you do with the gold jewelry buyers, or you get scammed. 

Hardly that convenient.  Just another shady start up trying to take advantage. 

+Joseph Coco I don't think you are being honest with the reality of what a business would have to have set up to take bitcoin. 

It is naive to think they can just manage it themselves, especially with the ever changing value, and varying international values,  just like regular credit payment services have to deal with. 

I think pro-bitcoin bias is coloring your responses.   My research on it as someone who considered using them, paints a lot different picture than you are presenting.

I'm no anti-bitcoin.  I'm all for all sorts of varieties of currency and transactions.   But I want the truth and facts to be said about them.

I also notice everyone is ducking the security and backing issue. 

Banks are accredited and insured to protect their customers.   There isn't any bitcoin handler that has that.  Not even Square Marketplace. 

If you want people to use them, great.  If you want to use them yourself, great.  But don't blow smoke up peoples....   trying to cover real negatives about them.