Jeff Berwick, founder of StockHouse.com and CEO of TDV Media, announced Monday his plans to open the world’s first Bitcoin ATM in Cyprus, citing the ongoing bank bailout, bank closures and capital controls now being pushed in that country. According to Berwick, who sold Stockhouse last decade which at the peak of the tech bubble was worth $240 million, Bitcoin ATM has the world’s first software enabling a two-way, automated Bitcoin market.
We tried for two days to get in touch with someone at The Dollar Vigilante, to no avail.
But Berwick has now responded via email to our contentions.
Here is his response in full, as he framed it, with his cuts from our original story in quotes:
This is a talk by Bitcoin core developer Mike Hearn of Google where he discusses "The future of Bitcoin: new applications and rebuilding the banking system" at the London Bitcoin Conference 2012. Watch it to learn how Bitcoin can revolutionize more than "just" money.
There are many businesses out there right now willing to trade all kinds of services and goods for bitcoin, but this is just the beginning! Many entrepreneurs are only now starting to learn about bitcoin. Almost everyday a new bitcoin businesses is lunched, some of them totally unique, and some of them a competitor to existing bitcoin businesses...
Lets talk about:
- Which ones can be trusted
- Which ones to avoid
- Local (Real World) businesses
- Seek peek, of the big time bitcoin businesses under development right now.
CoinConnect is here because of Bitcoin and for Bitcoin. Social networking is quickly becoming one of the most widely used forms of communication and we want to bring that level of success to Bitcoin and the great businesses and organizations that use it and promote it.
It's time for Bitcoin to evolve to the next level and CoinConnect is here to help facilitate that growth.
CoinConnect is the bridge between Bitcoin and the rest of the world.
Bitcoin Friday! This is a Pre-Black Friday of sorts. A one day sale event at all Bitcoin merchants along with a unified attempt at advertising Bitcoin businesses. This means we need your help in two ways: please buy something with your bitcoins and please tell the world that Bitcoin businesses exist!