Maine State Senate Candidate Eric Brakey wants to see bitcoin go mainstream. He made the announcement that his campaign will begin accepting bitcoins at the Bitcoin Center NYC, stating “If you’re interested in helping Bitcoin go mainstream, and making sure that politicians aren’t going to write laws against digital currencies, there’s no better way then to start donating to their campaigns.”
The United States Attorney for the Southern District of New York announced today that they will sell about $28 million dollars worth of bitcoins (29,655 bitcoins in total), which they seized from the Silk Road in Sept 2013, an action which further legitimizes the currency. There is no word yet on what will happen to the bitcoins seized from the personal wallets of Ross Ulbricht, AKA Dread Pirate Robert the second, the man who was running Silk Road when it was raided by the FBI. This could mean one of two things. The official statement released by the United States Attorney for the Southern District of New York states that “Ulbricht has filed a claim in the civil forfeiture action, asserting that he is the owner of the Bitcoins found on his computer hardware, and contesting the forfeiture of those Bitcoins.” However, it’s possible that the FBI just doesn’t have access to Ulbrichts personal hoard. If Ulbricht was practicing good security measures and either memorized his private keys or printed them out and hid them without ever keeping the private keys on an internet connected computer, the FBI would have no way of accessing his bitcoins.
The Sacramento Kings have announced that they will begin accepting Bitcoins.
In a release from the Kings, starting March 1 it will be possible to purchase official merchindice and game tickets using Bitcoins. This would make the Sacramento Kings the first domestic professional sport team to accept digital currency.
Team owner, Vivek Ranadive spoke to ESPN, telling them, “…acceptance of Bitcoin is one step closer to allowingn fans to keep their wallets at home, thanks to what will eventually be a ticketless and cashless environment at the arena.” He went on to say “My kids would go to games and ask why we didn’t accept Bitcoin.”
This would reinforce Ranadive’s promise to lead the Kings into the future through emerging technologies.
The team will not hold a wallet themselves, rather convert the digital currency earnings to USD via intermediary, Bitpay.
Patrick Byrne, CEO of Overstock.com, in an interview on CNN stated that he believes that Amazon will soon begin accepting Bitcoin, and that they’d be fools not to. Overstock.com just recently began accepting Bitcoins and made $130,000 worth of sales in bitcoins on their first day accepting the cryptocurrency.
BOND New York annouced that they will accept bitcoins from customers, following Bapple, which began accepting Bitcoins late last year. A representative of the agency stated “We are accepting Bitcoin as a service to our customers who prefer to use the digital currency as a matter of convenience. We are always looking for ways to serve our customers through technological advancement, in addition we have agents who would like to be paid in bitcoins if their customer pays us in bitcoins.”
Social media gaming company Zynga has announced that they will be accepting Bitcoin in some of their games, stating “In response to Bitcoin’s rise in popularity around the world, Zynga, with help from BitPay, is testing expanded payment options for players to make in-game purchases using Bitcoin. The Bitcoin test is only available to Zynga.com players playing FarmVille 2, CastleVille, ChefVille, CoasterVille, Hidden Chronicles, Hidden Shadows and CityVille.”
The race to elect the first pro-Bitcoin Politician is heating up, as groups on both the right and left are accepting Bitcoin contributions to back Bitcoin friendly candidates.
We reported on 12/31/13 Steve Stockman’s bid will be accepting Bitcoin donations for his Senate run. Democratic Super PAC, 1911 United has recently begun accepting Bitcoins as well as USD. Not only will they work to accept Bitcoin donations, but they want to go further, they state; “we want to throw our support behind a progressive candidate for office who supports Bitcoin, or as we say it, a “Bitcoin candidate””
It has been said that nothing motivates policy change faster than individual Politicians self motivations. With potential influxes of Digital Currency donations, Politicians will have to define Digital Currency policy to cash in.
Documenting Bitcoins evolution and impact on global currency