You Can Now Use Bitcoin At Dunkin Donuts

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Bitcoin enthusiasts rejoice: you can now use it to get your coffee fix just about anywhere.

Ubiquitous coffee and breakfast chain Dunkin Donuts, which you can find just about every few blocks in New England, can now be patronized with Bitcoin, thanks to a recent gift card integration through eGifter. This allows customers to effectively pay with Bitcoin, even though the chain itself doesn’t yet take it directly.

According to 2014 figures, there were a total of 2,243 Dunkin Donuts locations in New England, 215 of those in New Hampshire. Massachusetts is the clear heavyweight in the Dunks game with 1,151 locations, more than half the total of New England, and 10% of the global total of 11,500 spanning 40 different countries. [Read more…]

Brazil’s Big Mistake: The Rio Games

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A few weeks back the Olympic Games kicked off in Rio de Janeiro. Thousands of athletes from around the world came for two weeks to compete in all different sorts of events. Along with these athletes were legions of coaches, assistants, trainers, judges, referees, translators, journalists, and tourists. Over the course of the games tens (if not hundreds) of millions of dollars were spent, giving a significant boost the the local economy. However, Brazil may not be in a position to handle this temporary boom.

Over the past several years the Brazilian economy has been propped up by government spending. Much of this spending is linked either directly or indirectly to public works projects associated with the 2014 FIFA World Cup or the 2016 Olympic Games. Projects such as stadiums, sports facilities, housing, and other infrastructure improvements. The common thread of all this spending is that the assets purchased had very limited life. And unfortunately for the people of Brazil, when the Olympic torch was extinguished that life ended.

Hosting the Olympic Games has always been a costly endeavor and the vast majority of countries cannot actually afford it. In the past countries found thrifty ways to recycle the facilities they paid for with public funds, thereby getting the most bang for their buck. West Germany turned the facilities at Munich into a public park and it has since been used as a venue for concerts, sporting events, and festivals. Even recently, the British government converted the 2012 London Olympic Stadium into a football pitch. [Read more…]

Twitter Cracks Down on Terrorism, Bullying

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Twitter has axed another 235,000 accounts for promoting terrorism.

Over the last six months, the social media giant has added hundreds of thousands of banned accounts to its 360,000 ban total since about this time last year. This cleanup move has earned praise from the Anti-Defamation League, an organization protesting antisemitism and bigotry against the Jewish people.

Alt-right troll Milo claims credit for the Twitter terror purge [Read more…]

Civil Disobedience for Entrepreneurship? Interview With Christopher David

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Arcade City, the much-hyped ride-sharing app which promises to be the “Uber-killer” and the new face of the industry, is a company born out of conflict with authorities. Rising from the remains of the Free Uber campaign, Arcade City’s CEO Christopher David set to work spreading the company’s “regulations-be-damned” presence across the globe. This resulted in the police in Austin, Texas coming for him for ostensibly operating an illegal ride-sharing company. Now, the city of Portsmouth has a warrant out for his arrest for a no-show to a court date hailing back to the Free Uber days, when David recorded a taxi-friendly bouncer who was being hostile towards Uber drivers.

I interviewed Christopher David on the usefulness of civil disobedience’s nexus with business, as well as the long-term viability of an “outlaw ride-sharing” company. [Read more…]

Why I Closed My Bank Account and Went All Bitcoin

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A negative balance? Just when I was about to withdraw rent money?

Yes, it appeared that someone had attempted to steal from me. And, in the short term, they had succeeded. Someone had written a check in my name for a couple thousand dollars to try to buy a car. Now, mind you, I can’t remember ever using a check in my eight-plus years since opening that bank account. I barely used the account at all since I had started making all my money in Bitcoin. The only reason I was using it this time was to liquidate some cryptocurrency for rent, since I had procrastinated about selling it for cash. But that one small interaction with the banking system was all it took to somehow make me feel its worst inefficiencies. I called the number provided on the website, was on placed on hold for a half-hour, then transferred to another number and another half-hour hold time, until at last I was sent to the third and final banking representative… complete with another 30-minute hold. They agreed to reverse the charge, but said it would take until the end of the business day. After the bank closed, of course.

To summarize: Someone tried to buy a car by scribbling something on a piece of paper I never touched, said it meant that my money was behind it, and some bank just went and gave them more of my money than I had in my account. And I spent almost 100 minutes on the phone and had to wait until the next day to get it reversed. For $12 per month. When I was already using cryptocurrency and getting more functionality than a bank for free. [Read more…]

National Cryptoequity – Pleasant Opposite of National Debt? (via CoinTelegraph)

(Published on CoinTelegraph)

The modern government-run financial system employs a staggering amount of national debt. The United States’s national debt is fast approaching $18 trillion, with no sign of stopping. This debt, while incurred by the government, ends up being the responsibility of the public to pay it off, or else risk collective financial suicide.

However, instead of shouldering this massive burden and having economic progress crushed under its weight, there exists a way to use cryptocurrency to achieve the opposite effect for people: give them equity.

(Read on CoinTelegraph)