How Can We Make Bitcoin Mainstream?

bitcoin mainstream

Bitcoin now has PayPal integration and dedicated global banking to go along with its natty logo. Regulators are taking notice of it, and noted retailers are accepting it.

If you think bitcoin is mainstream, though, think again. According to an analysis earlier this year, there were only 1.2 million bitcoin addresses holding anything other than dust as of February.

Even its advocates admit that it has a long way to go. Curtis Fenimore’s attempt to promote bitcoin to the masses has stalled. Bitcoin Bigfoot, his grassroots effort to get posters and other materials promoting bitcoin out into the community, “hasn’t been all that active or relevant lately,” he admitted.

Fenimore raised all of the bitcoins for his public awareness effort when the price was over $700. Then, he spent the funds on Bitcoin Bigfoot after the price fell under $700. It was just the luck of the draw.

In the meantime, many people are still blissfully unaware of bitcoin. “We still have a very long way to go in absolute terms,” he suggested.

The perception problem may have more to do with depth than breadth. Bitcoin entrepreneur Erik Voorhees argued that around half the people he spoke to are aware of bitcoin, but only a small fraction understand it.

This is normal and expected, said Voorhees:

“Both the Internet and Paypal had a long period where people heard of it and sort of knew what it was, before they really tried it out.”

Conquering the learning curve

How will the understanding of bitcoin grow among the masses that have heard of it, but know little about it? We’re still in the speculation phase, where people hope to make a fast buck. This early, immature phase could work to the cryptocurrency’s advantage, said Voorhees.

Successive price bubbles create an effect called the ‘tide theory’. When prices spike, people wake up, smelling a potential money-making opportunity, and flock to bitcoin hoping for profit. That may be a short-term reaction, but it sparks a new wave of user adoption.

When the price slumps again, many of the people who arrived in that wave will slide away, but some will stay. Those remaining will have gained a deep understanding of bitcoin and its technology. With each successive bubble, the pool of adopters that continue to use the payment network increases.

via How Can We Make Bitcoin Mainstream?.

Rich Survivalists are Buying Fancy Condos in Old Nuclear Silos – Doomsday Prepper Porn

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Kudos to developer Larry Hall for finding an inventive way to sell $3M luxury condos he built in a stretch of desert near Concordia, Kansas. His trick? Siting them in decommissioned missile silos strong enough to survive a nuclear attack.

As the Wall Street Journalreports, Hall has not only done enough prep work for doomsday-minded Americans with money to burn—outfitting the facility with a hydroponic vegetable garden, “sophisticated water and air-treatment facilities, state-of-the-art computer network technology and several alternate power generation capabilities”—but he knows his clients will want to keep up a certain standard of living should the world become a blasted radioactive hellscape. Which is why the underground luxury condo has a 17-seat movie theater, a swimming pool, a dog park, and a gym. It even has its own little jail!

Cabin fever getting to you? Each of the units comes with “windows,” i.e., video screens that can show a few outdoor scenes reminiscent of a Windows background image, so occupants can lose themselves in pastoral scenes while the world outside burns.

Hall completed construction on his first luxury bunker in 2012. All seven of the 1,820-square-foot floors have been sold—the Journal has a nifty diagram of a cross-section of the facility—four of them to the executive of a tobacco-product firm, who paid $12M in cash. A Florida nightclub owner who bought a full-floor unit in a second compound that’s currently under construction maintains that he is not at all the “tinfoil hat-wearing” type. Tinfoil being the poor man’s response to irrational fears.

Hall is currently considering silos in Texas and elsewhere for additional developments. So business is booming! Here’s a look inside one of the completed complexes, which owners are free to live in full-time while they wait for the worst.

Rich Survivalists are Buying Fancy Condos in Old Nuclear Silos – Doomsday Prepper Porn – Curbed National.

Midterms Closed Door On Gun Control At Federal Level

With the midterm elections largely decided, save for a small number of races, federal gun control legislation that seemed improbable with a Democrat-run Senate looks nearly impossible with a Senate run by Republicans.

In fact, the door on federal gun control legislation seems to have slammed shut.

According to The Hill, the NRA “endorsed 279 congressional candidates” and over 90 percent of them won. Contrast that with the results Gabby Giffords and Mark Kelly’s gun control group got for their endorsements. They “spent millions of dollars endorsing 16 congressional candidates” and lost in more than 50 percent of those races.

The NRA’ s Jennifer Baker reacted to these things by saying, “There’s no appetite for gun control in Washington. We now have a Senate leader who is pro-Second Amendment [Senator Mitch McConnell (R-KY] so it will be even more difficult for [Democrats] to pass gun control measures.”

The Brady Campaign to Prevent Gun Violence president Dan Gross also admitted that gun control at the federal level is over for now. He and his group plan to keep pushing, but he said that the election results made it “even more apparent that [gun control’s] not going to be anytime soon.”

Midterms Closed Door On Gun Control At Federal Level.

GOP gains slam door on gun control push | TheHill

Republicans’ resounding victory this week pushed federal gun control legislation even further out of reach for proponents of stronger gun regulations.

More than 90-percent of National Rifle Association-backed congressional candidates prevailed on Tuesday, bolstering the ranks of gun rights advocates in both chambers.

The gun lobby also has a powerful ally in incoming Senate Majority Leader Mitch McConnell, who is highly unlikely to bring to the floor any bills on that would tighten firearm restrictions.

“There’s no appetite for gun control in Washington,” NRA spokeswoman Jennifer Baker said. “We now have a Senate leader who is pro-Second Amendment, so it will be more difficult for them to pass gun control measures.”

Gun control advocates, who poured tens of millions of dollars into the election cycle, maintain that they made important strides at the state level, including a win on a Washington State ballot measure expanding background checks for gun sales.

Yet even they acknowledged that the odds of federal action in Washington in the next Congress just got a lot longer.

“After Tuesday’s midterm results, it looks even more apparent that it’s not going to be anytime soon,” Dan Gross, president of the Brady Campaign to Prevent Gun Violence, acknowledged.

“But make no mistake, our ultimate goal is for federal legislation to finish the job around background checks,” he added. “It may not be tomorrow, but we’re not going anywhere until it passes.”

The NRA duked it out with gun control groups in the midterm elections, endorsing 279 congressional candidates and spending more than $25 million.

 The group’s campaign efforts were overwhelmingly successful, as more than 90 percent of the candidates it backed won their races.

Gun control groups boasted a similar outcome.
 
Michael Bloomberg, the former mayor of New York City, singlehandedly outspent the NRA, injecting $50 million into gun control efforts through the group Everytown for Gun Safety and other initiatives. Everytown won nearly 90 percent of the 82 congressional races it stepped into.

Meanwhile, Americans for Responsible Solutions, a group founded by former Rep. Gabrielle Giffords (D-Ariz.) also spent millions of dollars endorsing 16 congressional candidates. Slightly less than half won their races.

Despite the Republican gains in Congress, gun control groups contend their efforts yielded significant victories in state contests around the country, building momentum for gun control outside of Washington

“While gun lobbies can bully politicians, they can’t bully the American people,” said Shannon Watts, founder of Moms Demand Action for Gun Sense in America.

Chief among those wins was the passage of the Washington State ballot measure to require universal background checks on all gun sales. The state will become the fifth state since the Sandy Hook shooting in Connecticut in 2012 — and the seventh state overall — to impose the restrictions.

Colorado, Connecticut, Delaware, New York, California, and Rhode Island already have laws requiring universal background checks, as does Washington, D.C.

While federal regulations require background checks for gun sales from licensed dealers, these states extend the rules to people buying guns from private sellers or receiving them as gifts.

Gun control groups say universal background checks will help keep guns out of the hands of criminals.

Advocates say the Washington State measure serves as further evidence that voters are in favor of gun control, even if Republicans in Congress are not. 

GOP gains slam door on gun control push | TheHill.