Texas Bitcoin Conference

My sire runs the Texas Bitcoin Conference, which is held in Austin Texas and is a platform for the proliferation of information about Bitcoin and associated technologies, namely his own 'Coin', Factum.

The Texas Bitcoin Conference is actually something I helped work on, I managed part of the website and helped organize speakers and information that was held on the website to make sure it was up to date.

Bitcoin has been increasingly found to have alternative uses than as a currency. Some technologies play off of Bitcoin and can accomplish other tasks, such as verifying documents or contracts. Factum is one of those technologies, which is what my sire has made. Factum is technically a Coin because of its structure, except that they can be used to "hashcheck" documents. This means that a document is saved and verified and date stamped. So unlike Bitcoin, which is a currency, Factum is more so a product that can be spent.

Postit, the Return of the News Report

Talking points for Bitcoin:

Economic slump time, which is really sad. The price of Bitcoin as spent several weeks under 300 hundred dollars in the past few months. This is something that can hurt the Bitcoin economy, its users as well as companies that use Bitcoin.

The problem with price drops and Bitcoin is that people generally expect the price to slowly raise, and that larger companies that allow people to pay in Bitcoins can become dissatisfied with lowering prices because their stores will drop by significant amounts (larger stores mean more loss when price drops, so they could stop using Bitcoin).

This isn't a worry for anyone outside of the Bitcoin economy, which means that companies could begin pulling out of Bitcoin. The real popularity of Bitcoin is rising because of the technologies it can unlock, such as public chains or ownership, which all culminates in a larger shift of focus away from the currency itself.

This isn't necessarily a crisis or anything, or even bad. I am not a fervent supporter of Bitcoin as much as I like it for what it does. Bitcoin could return in price, back up to its 2014 normal or around 500 hundred dollars, or could raise.

Or it could crash like a leaning James in a ill made chair. Whichever. It's all hodge posh of chances.

First Postitnote

Bitcoin is a complicated piece of work that is hilariously annoying to explain to people and is frankly just one of those things that is really simple when it comes to what they need to know, and really complicated when it gets to the nitty gritty. That's funny, because the normal economics of mortgages and savings and investment portfolios and 401ks are insanely complicated, even more so when thrown together, and yet people utilize the financial world on a daily basis with wild and inaccurate misconceptions about the world around them, and guess what?

They get along just fine.

The nitty gritty of Bitcoin vs. the Dollar, or the Bitcoin Payment System vs. Modern Banking is all just playgrounds for economists and computer nerds to rage about till the end of time. What matters is the effect on the consumer. If people are aware of what Bitcoin DOES rather than how it works, then they are on a level playing field with modern banking.

General concepts to push forward

Price of yo Monies = unsafe, but generally upward rather than downward. Comparison to banking? Oddly enough, in this sense, it's a bank where your money will erratically gain or lose value, but everyone gets the same shift. SOCIALISM! (jk)

Can people steal yo Monies? = No. But oddly enough it makes it easier for people to put a gun to your head and steal your life savings with a few strokes of a keyboard. Which is interesting. I don't think anyone has ever noticed that. I feel like people need to know this, mostly muggers and psychopaths (just kidding, only the government! two birds = 1 stone)

Can you spend yo monies? = Yes, but rarely. Much like a mistunderstood troll, people see you and revile your nature, and while many people under your bridge will trade you monies under the bridge, you don't really produce anything to buy except Troll. and Troll is useless.
Translation
More and more venders are accepting Bitcoin as an accepted method of payment. It's ability to serve as a Medium of Exchange without significant cost of transaction means that it is cheaper for venders to be paid in Bitcoin than having to pay fees from credit card companies (though cash = free, so there you go).