August 20th, 2011 - Barfstews First Bitcoin Headline

SORRY FOR THE ABSENCE 
MUCH MORE SOON

Just a quickie today to look at this blogs Bitcoin History... such as the first headline to suggest that Bitcoin could become THE new world currency

And How Dangerous It Was To The Powers That Be (TPTB)

Referencing This Link

8/20/11

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On 5/16/11 was the first actual mention of posting a Bitcoin link
Here
Which Was Posted Here

2011 had two more mentions of Bitcoin, none in 2012.
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On 4/4/2013 - Bitcoin Headline #2
Bitcoin Bonanza or BUST?
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4/13/13 - Bitcoin Headline #3
Bitcoin - Ponzi Scheme Or The Future Of Money? - Trading Halted!
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4/28/2013 - Headline #4
Big Next Step for Bitcoin: Meeting the Regulators
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5/3/2013 - Bitcoin Headline #5
BitCoin Is Gold 2.0: Venture Capitalist
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7/3/2013 - Bitcoin Headline #6
Winklevoss Twins Plan IPO for Bitcoin-Tracking Stock
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11/19/2013 - Bitcoin Headline #7
Is Bitcoin Real?
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4/3/2014 - Bitcoin Headline #8
Native Americans adopt bitcoin clone as official currency
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4/4/2014 - Bitcoin Headline #9
ONE Bitcoin To 1 Million Dollars - Why It Might Happen!
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5/22/2014 - Bitcoin Headline #10
Reddit BLASTS - Bitcoin Hater Schiff Now Selling Gold For Bitcoins
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6/12/2014 - Bitcoin Headline #11
Bitcoin bugs? Gold losing face to cryptocurrency!
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9/21/2014 - Bitcoin Headline #12
Bitcoin Touches 400 Dollars Per Coin
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9/30/2014 - Bitcoin Headline #13
Could Bitcoin Cause A Crash?
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10/5/2014 - Bitcoin Headline #14
Bitcoin With Debit Card?
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10/16/2014 - Bitcoin Headline #15
Will Government `Monies' Cause World Depression? OR `Why I'm A Bitcoin Bull'?
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The post above is THE POST in which I changed the direction of this blog forever to Bitcoin and alternative currencies.
Welcome Aboard
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MORE THAN LIKELY YOU NOTICED THE `ADULT' SCREEN I'VE AT LEAST TEMPORARILY PUT ON BARFSTEW.
THE HISTORY OF THIS BLOG SUGGESTS THAT BLOGGER MAY MAKE BARFSTEW A PRIVATE BLOG IN LESS THAN A MONTH BECAUSE OF A LURID CONTENT (NEVER NUDE OF COURSE) CRACKDOWN.
MORE ON ALL THIS SOON AND HOW IT MAY AFFECT YOUR USAGE OF BARFSTEW.

Will Hourly Indigenous Labor Ultimately Prove To Be Crypto-Currencies Real Strength?

In my post on January 29th I mentioned a company (BitWage) currently involved with the local Philippines workers... that converts their American dollars paid for their local work... into Bitcoin ... saving huge amounts of transaction fees for each worker. The idea is of course a natural for `indigenous' people anywhere in the world.... all that needs to happen is to have the idea REALLY take off... unencumbered by TPTB (the powers that be).... and let the awareness of a connected Internet take it's course of power.

And, at least one crypto currency person is at least making a rumble - in the direction of serving the SAME niche that BitWage is - for the American Indian (at least a tiny section of it but what if this worked... it could easily galvanize the many many other tribes) - his name is Payu Kimitsu and he is one of the main players for the MazaCoin.

I am friends with Payu on Facebook.... and wanted to share a post that is only a few hours old that he made and my response:

Payu Kimitsu

8 hrs · 

Talk of boycott swirls around local Indian community...but what would a Mazacoin backed Boycott look like? ok well it's going on 2 weeks since the beer throwing incident and no arrests...the States Attorney is looking at dropping pursuit of charges based on "the children were in no immediate danger" As the Native community fumes and seethes in rage over this clear message we're left to wonder what other options do we have as a community? Enter the Mazacoin Option: if the naive community  got solidly behind Mazacoin and switched 10% of their daily purchases and savings to Mazacoin it would spell a staggering $183 Million loss for the state of South Dakota...the native Community in South Dakota Alone account for $1.83 Billion a year in Tribal GDI (Gross Domestic Income). 10% of that removed from the local economy would be $183 Million lost...But where would it go? Well it wouldn't really be "lost" it would simply be removed from a fiat based economy like the state has currently and re allocated to a Native american based digital system. Since the State refuses to recognize any native american based currency as "Legit" it falls on the tribe as far as taxation and all taxes would revert to the tribes themselves.
But How would the Native Community go about such a feat? that is surprisingly simple... The Kimitsu group is currently looking at a idea to develop a inter tribal Payroll services co that would be able to do just that whereby clients could allocate a % of their payroll into Mazacoin automatically...and the more vendors, and small business merchants that accept Mazacoin as a payment option the more viable a solution Mazacoin becomes as a means of putting financial pressure on the state of south dakota and other states to get off their asses and actually do something to address the recent racially motivated attacks on the Native community...

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Now, as you read above, Payu is simply using this as a tool to retaliate for the obscene public incident and lack of moves by TPTB. But, the move away from fiat and into a local based alternative is more than a reaction to injustice at one moment of time... it could be the beginning of who knows what and a reclaiming of economic power.

So... my response to Payu:

Rick Phillips Indeed Payu... why bother waiting for BitWage to do it for you. You are a man of action Payu.... well done and your math and theories about the actions also are dead on.... absolutely this is the way to push the envelope of change IMO. Begin smallish at about 1-5-10% based on the persons comfort level and then watch the multiplier effect take hold within the community as that money NEVER LEAVES the area.... and is allocated better too..... That said, as we know about how BitWage is helping workers in the Philippines it may be good to talk up that idea as one that is a symbol of change for those people at controlling their own money better without banks becoming involved. Bitcoin and the alternatives are the way to avoid their inclusion in everything. The real fantasy is that the entire economy of the tribes gets switched over... imagine these coins EASILY having a similar or greater value to the previous fiat currencies being traded for the last century. And, finally for now... since Maza coin is the 2nd base currency for that group that deals with the United Nations NGO's (non government organizations) - that represents the indigenous people around the world... what IF the tribal folks simply made THIS local experiment work.... then the whole world will of the indigenous may just be starting to be realized. It provides ONE community the direct chance to bring change. Man oh man.

30 mins · Like

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Much like when in the movie `The Graduate'  the word `plastics' was positioned - Maza Coin may be the secret word for 2015... and Payu may be just the person for the job. Don't believe that Payu is the person that puts his actions behind his mouth and words? See below... yes, they accept Maza Coin.

Link To Picture

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Dig into seconds in the archive.

65% `Not At All Familiar' With Bitcoin - Google Tracking Study For Coin Center

Today's Bitcoin Lead

It's an interesting read on what the current understanding levels are for America.... sad... but a start... what's sad is that about 13% want the Government to BAN it... and only 16% or so want the Government to keep hands off. Read the news about Bitcoin Awareness Here. It would be interesting to know the demographic breakdown and other data right? Here you go.. and the consumer image of Bitcoin is Not Good and words 

associated with it include fraud and crime - the goal is to move the circles to the upper right.... a long way to go IMO.
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Bitcoin Spew

The Reddhead newsletter had a great history lesson about Bitcoin as Reddcoin celebrated it's first birthday in February.

Happy 1st Birthday Reddcoin!

This week Reddcoin turned 1 year old and members of Reddcointalk and the Reddcoin subreddit lined up to offer their best wishes to the infant cryptocurrency.

With the amount of development work that has gone into the project it is quite easy to forget how very young Reddcoin is. To put things in perspective it is worth taking a quick look at a couple of other currencies, starting with Bitcoin.

Bitcoin - 1st birthday 3 January 2010

Although the Bitcoin Whitepaper was published by Satoshi Nakamoto on 31 October 2008, it was not until 3 January 2009 that the first block of the blockchain - the genesis block - was mined by Satoshi. The first Bitcoin transaction took place on 12 January 2009, between Satoshi Nakamoto and American cryptographer Hal Finney.

On 5 October 2009 the first Bitcoin exchange rate was published byNew Liberty Standard. By calculating the cost of electricity used to generate Bitcoins the rate was set at $1 per 1,309 BTC, making 1 Bitcoin worth less than a tenth of a cent.

On 10 October 2009 the first online chat was set up for Bitcoin when the Bitcoin-dev channel was registered on freenode IRC. Over the course of 2009, before Bitcoin became 1 year old, versions 0.1 and 0.2 of the Bitcoin wallet were released.

And besides the above, nothing much happened. Of course Bitcoin was a new concept that no-one knew about, but it is still striking to see how it all began. To push the point home, the famous 10,000 BTC pizza was not bought until Bitcoin was nearly one and a half, on 22 May 2010!

Euro - 1st birthday 1 January 1999

The Euro was launched on 1 January 1999 in non-physical form (travellers cheques, electronic transfers, banking, etc.) at midnight. At the time of launch the national currencies of participating countries had their exchange rates fixed to one another, as a way to implement unified monetary policy. The Euro did not actually get its own physical notes and coins until three years later, on 1 January 2002.

It appears that even a fiat currency like the Euro was not immune to what cryptocurrency enthusiasts would refer to as a “pump and dump”. Buoyed by high expectations and plenty of optimistic expert opinion, on the first day of trading (5 January) the Euro climbed to US$1.19 as it was rapidly adopted by traders. However the Euro dropped to parity with the dollar by the end of the year, a 16% drop in value that may not seem much compared with cryptocurrency... but it was enough to spur emergency action from the G7 to set up support for the European currency in 2001.

Reddcoin - 1st birthday / public release 2 February 2014

Reddcoin was launched at a time when the cryptocurrency scene was blooming following the huge mainstream attention paid to Bitcoin at the end of 2013. One year on and the majority of the diverse cryptocurrency projects set in motion in 2014 have faded away and been resigned to crypto-history.

Thanks to its team and dedicated community Reddcoin is one of the few projects that continues to forge ahead with innovation and promise for the future.

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More Soon