Can Miami Become a Bitcoin-Friendly City?

January 9, 2015

7:00 am

Miami is starting to dig the counterculture vibe of Bitcoin.

In the next two weeks, there will be a hackathon and a conference dedicated to Bitcoin. And if that isn’t enough, in the last Art Basel, there was a physical bitcoin faucet art installation (“BIT by DRIP”) where people could scan their bit-wallet QR code and receive about 2700 bits for free. So, can Miami embrace Bitcoin?

“Miami and Bitcoin is a no-brainer. We’re one of the most frequently-visited cities for business. We’re the capital of Latin America, where friction for payment is high. Bitcoin is a global currency; that can reduce that friction,” explains Doug Carrillo, cofounder of Bitstop and organizer of the Miami Bitcoin Hackathon taking place this weekend. “This hackathon is about telling people that Bitcoin is accessible to anyone, but also accessible to developers because it’s an open source.”

In the past year, the virtual currency has attracted a lot of press, plaudits, and pessimism. There is a struggle with this currency, whose existence, let alone functionality, is hard to pin down. Created in 2008 by a mysterious figure calling himself Satoshi Nakamoto, this cryptocurrency can be traded in for real money (for varying prices). But there has been a lot of controversy around it. Just recently, the Canadian Bitcoin exchange Vault of Satoshi announced that it is shutting down Feb. 5 and the Ontario-based exchange is no longer accepting new deposits. Also, Bitstamp’s admission that some of its operational wallets were compromised leading to “a loss of less than 19,000” bitcoins, which is roughly $5.1 million.

To dive deeper into the conversation of the controversy and opportunities of cryptocurrency, The North American Bitcoin Conference (TNABC) is coming to Miami bringing financial experts from all over the world. The conference will take place in Miami Beach, and it will cover topics ranging from Bitcoin 2.0 to the Future of Bitcoin Security.

“One of the big aims of this conference is to help set the direction for Bitcoin’s near future,” says Moe Levin, Founder TNABC.  

Tech Cocktail readers get a special discount for the TNABC event using this Promo Code: MIALOCAL

Miami is about to get a healthy dose of alt-coin knowledge. So to start you off, we have this infographic with some interesting facts about the cryptocurrency. Check it out:

50 Insane Bitcoin Facts - Via Who Is Hosting This: The Blog

Source: WhoIsHostingThis.com

 

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Camila has been heavily active in South Florida’s tech startup community, where she is a co-host of a local radio show called pFunkcast. Camila previously worked at Greenpeace International and the Organization of the Prohibition of Chemical Weapons (OPCW) in various communication roles. A proud Brazilian who spent most of he life in Peru, she is passionate about traveling and documentaries.

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