US Association Football Leagues now accepts Bitcoin

The “perfect resource”. That’s how the United States Association Football Leagues (US-AFL) decided to describe Bitcoin after announcing it was accepting the world’s most famous cryptocurrency.  The organization, which is “based on the principle of inclusion of all qualifying clubs from a grass roots regional level all the way up to a professional national level”, expects […]

Examining Nakamoto’s motivations.

according to the white paper he doesnt seem to dislike the current system of “financial institutions serving as trusted third parties to process electronic payments” all that much. he even says “the system works well enough for most transactions”, but the main drawbacks are that completely non-reversible transactions are impossible which creates high processing costs for a trusted third party to mediate transactions. This means there is no mechanism for non-reversible payments for non-reversible services and a certain percentage of fraud is unavoidable. his arguments against trusted third parties are…