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text 2014-04-11 02:48
Abney and Associates Tech Research: Bitcoin gets easier to buy and spend

 

It's getting easier for consumers to buy and spend bitcoin, the cybercurrency that has captured much of the tech world.

 

With each passing month, Bay Area entrepreneurs are rolling out new technology for consumers to buy and store bitcoin, shop online with the virtual currency and send it to friends. Last week, a bitcoin ATM was unveiled in Mountain View -- put in a few hundred bucks, out comes a bitcoin. And more retailers -- from consumer electronics to coffee roasters and pizza delivery -- are accepting bitcoin, making it easier for consumers to choose the Internet currency over dollars.

 

"It's all about to change over the next 12 to 24 months," said Marshall Hayner, a San Francisco entrepreneur who this month will launch bitcoin app QuickCoin. "We are going to see all kinds of people adopt it. It's going to power transactions on the Internet."

 

Bitcoin is a cybercurrency and payments network created in 2009 by a mathematical formula as an alternative to banks and government-controlled currency systems. Bitcoins are added one at a time to the network by computer programmers around the world, and most bitcoin is bought and traded on global Internet exchanges.

 

The Bay Area bitcoin community is filled with entrepreneurs and investors pouring millions of dollars into their projects. But for the rest of us, still buying with cash and plastic, bitcoin is a bit of a mystery.

 

"You've got people out there who are software engineers who don't understand it," said Vinny Lingham, co-founder of Gyft, a San Francisco digital gift card app that accepts bitcoin. "It's far too complicated out there for the average consumer to understand. But that will change."

 

Cary Peters is hoping to uncomplicated bitcoin for consumers with the ATM he unveiled at Hacker Dojo, a nonprofit shared tech space in Mountain View. His is the first bitcoin ATM in California, and anyone can use it by setting up an account with a phone number, ID, and face and palm scan, which is used to run a background check to rule out potential fraud.

 

"Regulation has to be implemented," Peters said, a position rarely heard in the libertarian bitcoin community, but one that experts say is necessary to gain the trust of consumers. After about five minutes, the machine sends a text message that the user can start buying and selling bitcoin. Many bitcoin websites take about four or more days for transactions, and that delay doesn't work for everyone.

 

"Something you decide you want to do today you may not want to do in four days," said Hami Lerner, a Sunnyvale resident who works in tech and visited the ATM on Tuesday. Bitcoin valuation can fluctuate wildly on any day; in February, it fell more than 85 percent in less than two hours. Recently valuation has ranged between about $450 and $500, about half its all-time high of more than $1,200 in November.

 

Read full article at Mercury News

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text 2014-04-07 03:19
Abney and Associates Tech Research: If you block ads, then websites may block you

Adblock Plus wants you to sign its acceptable ads manifesto, but general counsel for a large advertising bureau called it a ransom before warning if you continue to block ads then websites may block you from accessing their content.

 

While it's mostly tech-savvy surfers who install Adblock Plus browser plug-in, an advertising bureau suggested that websites will fight ad-blocking by blocking the content with an error message or a paywall if you use an ad blocker.

 

"Advertising is the economic engine that drives the Internet and gives us free websites and great content," but as click-through rates decline, ads get more annoying in order to grab surfers' attention. Eyeo, the creators of Adblock Plus, wrote:

 

We don't want obtrusive pop-ups, or obnoxious blinking ads, or 30-second pre-roll video ads running amok on our computers and mobile phones. We wouldn't tolerate that in the physical world; why should we accept them just because it's digital? Imagine a billboard jumping in front of your car while on the freeway, or a newspaper ad suddenly opening up and covering all the words you are reading. Why should online ads get special treatment? Moreover, the noisier that online ads get, the more people install ad blockers to stop them. It's an unwinnable, downward spiral.

 

Starting with Adblock Plus 2.0, not all advertising was blocked; in fact, if an ad meets the criteria for being "acceptable," then it shows up by default. Surfers can disable that feature, usually by unchecking "allow non-intrusive advertising," or under filter lists options like below, but the thought process is to leave it enabled to reward websites that rely on "non-intrusive" ads for revenue.

 

 

By not blocking acceptable ads, Eyeo believes it will show there is a market for them and encourage advertisers to create more.  As part of that cycle, the company wants people and organizations to sign its "Acceptable Ads Manifesto;" the five principal tenets are:

 

  • Acceptable Ads are not annoying.
  • Acceptable Ads do not disrupt or distort the page content we're trying to read.
  • Acceptable Ads are transparent with us about being an ad.
  • Acceptable Ads are effective without shouting at us.
  • Acceptable Ads are appropriate to the site that we are on.
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