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Bitcoin
Sydney: The ultimate Bitcoin business networking meetup,
by Greg Tingle
Bitcoiners
unite: Novice to experts to Talk And Trade Bitcoin:
Metropolitan Hotel, Sydney, Australia; Bitcoin ATM
Launch Party
Food
and drinks purchased via Bitcoin - This is getting
very real
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per 12 months
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Unless
you have been living under a rock for a few years
you have already likely heard of Bitcoin, and possibly
one of its cousins - Blockchain.
For
the purposes of time management primarily, I'm going
to draw upon the considerable resources at Wikipedia
to help get some information live across the Media
Man website network in a timely fashion regarding
the business of Bitcoin and the crypto currency sector,
and specifically my recent visit to a Bitcoin meeting
in Sydney, Australia, which was held at the well respected
and beautifully finished Metropolitan Hotel.
Let's
consult our unmet friend at Wikipedia - Jimmy Wales.
Wikipedia.org states the following:
Bitcoin
is a worldwide cryptocurrency and digital payment
system called the first decentralized digital currency,
as the system works without a central repository or
single administrator. It was invented by an unknown
programmer, or a group of programmers, under the name
Satoshi Nakamoto and released as open-source software
in 2009. The system is peer-to-peer, and transactions
take place between users directly, without an intermediary.
These transactions are verified by network nodes and
recorded in a public distributed ledger called a blockchain.
Bitcoins
are created as a reward for mining. They can be exchanged
for other currencies, products, and services. As of
February 2015, over 100,000 merchants and vendors
accepted bitcoin as payment. Bitcoin can also be held
as an investment. According to research produced by
Cambridge University in 2017, there are 2.9 to 5.8
million unique users using a cryptocurrency wallet,
most of them using bitcoin. Thank you Wikipedia. If
your interested, and you probably are, you can read
their entire page here
Now
Blockchain from Wiki...: A blockchain– originally
block chain– is a continuously growing list of
records, called blocks, which are linked and secured
using cryptography. Each block typically contains
a hash pointer as a link to a previous block, a timestamp
and transaction data. By design, blockchains are inherently
resistant to modification of the data. A blockchain
can serve as "an open, distributed ledger that
can record transactions between two parties efficiently
and in a verifiable and permanent way." For use
as a distributed ledger, a blockchain is typically
managed by a peer-to-peer network collectively adhering
to a protocol for validating new blocks. Once recorded,
the data in any given block cannot be altered retroactively
without the alteration of all subsequent blocks, which
needs a collusion of the network majority.
Blockchains
are secure by design and are an example of a distributed
computing system with high Byzantine fault tolerance.
Decentralized consensus has therefore been achieved
with a blockchain. This makes blockchains potentially
suitable for the recording of events, medical records,
and other records management activities, such as identity
management, transaction processing, documenting provenance,
or food traceability.
The
first distributed blockchain was conceptualised by
an anonymous person or group known as Satoshi Nakamoto,
in 2008 and implemented the following year as a core
component of his digital currency – bitcoin –
where it serves as the public ledger for all transactions.
The invention of the blockchain for bitcoin made it
the first digital currency to solve the double spending
problem without the use of a trusted authority or
central server. The bitcoin design has been the inspiration
for other applications. Full Wikipedia reference here.
And,
as far as who invented this still somewhat controversial
crypto currency known as Bitcoin...
Satoshi
Nakamoto is the name used by the unknown person or
persons who designed bitcoin and created lists original
reference implementation. As part of the implementation,
they also devised the first blockchain database. In
the process they were the first to solve the double-spending
problem for digital currency. They were active in
the development of bitcoin up until December 2010.
Then
there's the question of our fellow Australian Craig
Wright, who shot to international news in 2016 regarding
his alleged involvement in Bitcoin. He went on to
prove that he was the creator or farther if you like,
of the almighty Bitcoin. Read about him here
It
was on the 2nd May 2016 that Wright publicly claimed
to be the creator of Bitcoin. This of course made
national and international news, and also inspired
many a business entrepreneur and opportunist in the
process.
The
news didn't go unnoticed by the Media Man group, who
has some hands-on experience with a computer system
named TreePad, which has some similarities and striking
parallels to Bitcoin's cousin - Blockchain.
Back
to the present...
Bitcoin's
market value is on the rise in just about every corner
of the globe (expect China), where the Chinese government
has effectively banned it. For all we know the Chinese
powers that be may be developing their own crypto
currency, as control is something the Chinese government
are well known for.
Returning
to Australian soil, meetings, meetups, and even somewhat
secretive get togethers of Bitcoin and Blockchain
business people, entrepreneurs and interested parties
are on the rise.
At
the event we attended a documentary was being produced
on Bitcoin, and the producer and crew are understood
to be linked to UTS. If Bitcoin is part of the present
and future of Australian universities my opinion of
Australia's education system has just gone up 100
times. Ok, let's not get too carried away. Things
are however looking up at Australian universities.
Will TAFE NSW follow suit? - I seriously doubt it,
but I would loved to be proven wrong.
Our
evening with Bitcoin also included the opportunities
to purchase food and drinks with Bitcoin, as well
as the unveiling of a Bitcoin ATM known as BitPOS.
The terminal is understood to be valued in the region
of $10,000AUD and is located on the ground floor of
the establishment.
The
Metropolitan Hotel is not the only hotel in Sydney
that accepts Bitcoin. This off the Bitcoin Sydney
MeetUp website:
Other
BTC Friendly Bars:
Since
I Left You – 338 Kent St. Sydney City
http://www.sinceileftyou.com.au
The Owl House - 97 Crown St. Darlinghurst
http://theowlhouse.com.au
Bitcoin
ATMs:
BitPOS
Metropolitan Hotel - Cnr George & Bridge Sts -
12pm to 12am Mon-Sat
BitRocket
City Convenience - Cnr George & Bridge Sts Sydney
- 24/7
City Convenience - Cnr Kent & Liverpool Sts Haymarket
- 24/7
Lucky 7 Minimart - 22 Crystal Street Waterloo - 6am
to 12am.
Bitcoin
Talk APAC Group Chat Link:
https://t.me/joinchat/AbBFPgAXsqlodnUn6Wp71g
So,
what's our verdict on this Bitcoin phenomenon? Thumbs
up. As is the case with any business or project, develop
and learn the business before diving in too deep is
our advise. We are on a steep learning curve ourselves
at present.
By
all accounts the Sydney Bitcoin folks are very switched
on, helpful and friendly. The public meetings are
conducted in a very relaxed atmosphere, and rest assured
that Bitcoin and Blockchain are here to stay. They
are riding a wave of momentum at present and the media's
love affair with the Bitcoin - Blockchain connection
is far from over.
Australia's
and indeed the world's willingness to accept Bitcoin
as a totally above board form of currency - payment
is on the rise with hotels, gaming establishments,
restaurants and more keen for your Bitcoin.
If
your one of the fortunate ones who get along to a
Bitcoin or Blockchain meetup, aim to chat with both
Jason and Adriana. They are a wealth of knowledge
and most welcoming. Learning and biz opportunities
over a beer, discussing one of the world's most exciting
commerce and technology developments. Not a bad deal
hey.
Bitcoin
is very real, and there's a plethora of business opportunities
awaiting for those willing to put in the work and
learn. Friends, that's today's lesson in Bitcoin and
Blockchain. See you at the Bitcoin ATM, if not the
bar. Cheers to that.
Websites
Bitcoin.org
BitStaz.com
Metropolitan
Hotel, Sydney, Australia
Bitcoin
Sydney MeetUp
Blockchain
Professionals Sydney MeetUp
Greg
Tingle Promotions
Bitcoin
is going great guns in most parts of the world (but
not in China).
Testimonial
for Bitcoin Sydney - Talk and Trade Bitcoin
Hi
Jason, Adriana and crew. A most impressive event with
a very high level of knowledge and integrity. Brilliant
masterstroke with the option to purchase food and
drinks with Bitcoin, and it was great to see the Bitcoin
ATM work in person. I find the connection between
Bitcoin and Blockchain very interesting, and as mentioned
I have 10 months hands on experience with TreePad
(some similarities to Blockchain) re an Outback Australia
(Alice Springs based) transport and mining operation.
Many thanks to everyone who made me feel so welcome.
I will be watching this space closely, and ramping
up my activity as I continue to learn the business.
From novice to expert, I highly recommend the good
folks at Bitcoin Sydney. The media and advertising
sector will do well to get more up to speed with the
Bitcoin and Blockchain industry. Consider this a glowing
testimonial.
Greg Tingle, Director and founder
Media Man Australia
Media Man Int
Greg Tingle Promotions
News
Media
agency sees big growth potential and future in niche
sectors; Local business, Blockchain, bitcoin, movie
promotion, video games, sports and art
Where
will the Australian poker industry go?; Bitcoin and
Blockchain says Media Man agency
Niche
media, marketing and media campaigns the way to go
says Media Man agency
Meet
up and share your business ideas
Maroubra
community movers n shakers keen to see Bra business
thrive
Richard
Branson: Network your way to success
Bitcoin
is behind Australia's top-performing hedge fund -
Warburton
The
great chain of being sure about things - 31st October
2015
Talk
up your chances - Schmooze or lose - It's who you
know that counts
Promo
Bitcoin
gaming, trading and casinos: Media, publicity and
advertising opportunities via Media Man Int, Media
Man Australia and Australian Sports Entertainment
Greg
Tingle at the bar
Metropolitan
Hotel, Sydney, Australia
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