Bitcoin Black Friday is back, for another year. November 24th 2017

2017 has been an interesting year for me. I started working with bitFlyer, a Tokyo-based Bitcoin exchange, on their US expansion. I've been thrown deep into the world of trading and it has deeply changed my perspective of how I view Bitcoin is valued. With Bitcoin's use case increasingly seeming like it will be mainly a store of value, a commodity to be traded, I was feeling pretty hesitant about spending anytime to throw another Bitcoin Black Friday. The final nail in the coffin was the 2x hardfork. I figured with all the noise it wasn't worth bringing the community together for any event when the Bitcoin community worked so hard over the last year to tear itself apart... But, 2x didn't happen. Thankfully, while the community still feels split due to the Bitcoin Cash fork, the community will not face another split this month. So upon hearing that news, I began planning for the sixth year of Bitcoin Black Friday. It is happening this upcoming Friday, on the 24th This year there are some drastic changes: Currency agnostic. While the title of the event is still Bitcoin Black Friday, I think other digital currency communities should be able to participate. That being said, the focus will still be on Bitcoin merchants, due to the amount of them Smaller size. The original goal of Bitcoin Black Friday was to prove to mainstream media that Bitcoin could be used for more than just buying drugs. That goal has been thoroughly accomplished due to how informed the media is about Bitcoin now. More focus on merchants the community would like to purchase from, like Ledger If you are a merchant and would like to sign up, please fill out this form: http://bitcoinblackfriday.com/merchant It will be another fun year for deals, buying presents, and supporting merchants who have supported the community and really helped get us to where we are today. Please follow me on Twitter for updates or sign up on the site for an email reminder when the deals go live.

South Korean ATM manufacturer integrates Bitcoin

Hyosung (a South Korean Company), one of the largest ATM manufacturers in Asia, has integrated Bitcoin into its international ATM models. The company also has its headquarters in Texas – USA. Hyosung will add Bitcoin support with the aid of Just Cash. The bitcoin ATM will operate very similarly to a conventional transaction. Instead of withdrawing fiat currency, digital currency will be despatched to the recipient’s wallet using a QR scan. It is very likely that other coins along with Bitcoin will be added in the next period. According to bitcoin.news, Hyosung are one of South Korea’s largest industrial companies, boasting over 25,000 employees and revenue of U.S. $17 billion in 2015. ATM manufacture is just a small part of their operations, the company also dabble in construction and chemicals among other things. Within South Korea however they are best known for their ATMs which can be found up and down the country. The inclusion of bitcoin in the ATM circuit will certainly lead to large-scale adoption. And the rise in demand for the currency of the moment will certainly lead to price increases.

The Luxurious World of Bitcoin

Bitcoin, currently worth more than $7000, has itself become a luxury in present times. A currency which was built for microtransactions and tipping has evolved to a storage of value in the past few years. Getting A Grip on Luxury We must not forget the famous pizza transaction, in which a user on the Bitcointalk forum bought two pizzas for 10,000 bitcoin. They would be worth at least $70 million at current exchange rates. The purchasing power of bitcoin has also grown at dramatic rates since its inception in 2009. A recent survey conducted by Lend reveals that these trends will continue. Not only that, but investors in the currency are relatively aware of these growing trends. On average, one survey suggests that people would only sell all of their bitcoin investment if the price stood at an astounding $196,165 per coin. Luxury goods and bitcoin are becoming synonymous and here are four luxury items you can now buy with your precious cryptocurrency. Bentley Continental GT A Bitcointalk user giogul has listed his 2004 Bentley Continental GT for 4.5 BTC. He even went ahead and registered his car for sale on De Louvois, a luxury Bitcoin portal. Image result for 2004 Bentley Continental GT A Six Bedroom Waterfront Villa A six bedroom Jersey waterfront villa is for sale. The gorgeous villa features a dock, high-end furnishing, security systems, outdoor kitchen and a swimming pool overlooking the beautiful bay. The property is listed for 320 BTC.

Bitcoin is a protocol. It will continuously improve, unlike a traditional tangible asset.

I see many comments on forums and in the media that suggest that bitcoin will have value until/unless some other crypto replaces it. These ideas are fundamentally flawed because they are comparing it to something like a car, which can become obsolete when a better model comes out. Bitcoin is a protocol, not a physical good. It can be updated and improved over time. This has already occurred--Segwit is an example of an update to improve transactions. The idea that some new crypto will suddenly take over and devalue Bitcoin doesn't really hold weight because any technological improvement can be incorporated into Bitcoin. Right now, Bitcoin is the cutting edge as far as brand recognition and adoption. Do not mistake the value that this holds. The reason 99% of movies coming out are remakes or reboots is that people tend to buy brands they know and trust. Cryptocurrencies as a whole could face troubles. All these scamcoins and ICOs is could put a bad taste in the mouths of the uninformed and slow adoption. But the idea that bitcoin will be replaced by some other crypto with slightly better technology is misinformed.

House For Sale: 40BTC