Black Friday: Bitcoin Style

Black Friday is the famous day after Thanksgiving where Christmas shopping begins and deals are unleashed on the market that are better than you can get at any other time in the year. Bitcoin commerce is offering even better deals than many large retailers on Black Friday and we’ve got all of the insider information on where to find the best deals this holiday. Check this out. 

Bitcoin Press Release‘Tis the season for excellent deals on presents and personal goodies for the upcoming holiday, and Bitcoin Black Friday is better and stronger than ever, bringing with it a large number of participating merchants! Coming up just three days from now, Bitcoin Black Friday will be unleashing the most valuable deals found on the Internet, and is there to ensure readers can quickly and easily nail down on what they want and snag it – easy as cake!

Normally, finding all of the available deals is a tough endeavor, but not anymore. not only scours the depths of the Internet looking for all available Black Friday deals for Bitcoin, but even takes it further by keeping the database up to date, including re-checking all available sources to ensure if there are any additions, changes, or removals, they’re all already accounted for. There’s no more worrying about missing out on that awesome deal that just happened to be added late – if it’s available, it’s here!

For those that have already signed up to the newsletter, the first wave of deal previews has already gone out. For those that haven’t signed up yet, now is the perfect time to do so! This ensures that you can get deals before they even go live, offering a much better way to plan ahead of time and know what you’re going for, where you’re snagging it at, and how much it’s going to cost. Nothing saves more than coming prepared, and the newsletter is a great way to really simplify the process. And best of all, it’s free! The second set of BBF deals will be going out to subscribers on the 24th, so act fast.

For users old and new alike, a Bitcoin Black Friday Guide has already been posted, allowing you to get the most out of the event: which covers everything you need to know beforehand, ensuring you can get up and running painlessly – no confusion, no researching, and best of all, no cost!

Merchants also still have time to get added. If you are a merchant that would like your deal to be featured to subscribers of the newsletter, be sure to send your upcoming deals as soon as possible through the Merchant Deal Submission: The faster this is done, the faster it can be added to the upcoming newsletters, giving great visibility to customers and ensuring you get everything locked in on time.

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Digital Currency to Replace Banks?

Conventional banking has been in the media in a whole new way since the invention of Bitcoin technology. The banking system has been bailed out by the government and now many wonder just how long that bail out will last as Bitcoin and other digital currencies could be replacing regular currency for good. 

Digital currencies could disrupt the ability of central banks to exercise control over the economy or issue money should the technology scale, the Bank for International Settlements (BIS) said in a new report released today.

The BIS, a financial entity cooperatively owned by the world’s central banks, said that it has been looking at the technology as early as November 2013, and in February of this year the Committee on Payments and Market Infrastructures (CPMI) asked a working group to draft the report it published today.

The report outlines how digital currencies like bitcoin as well as its underlying decentralized ledger, the blockchain, could impact central banks and the broader global financial system.

While stressing that such outcomes are incumbent on “widespread adoption”, the BIS paints a possible future in which its ability to conduct monetary policy, assess the flow of money or even generate revenue on the currency it issues becomes limited.

As the report notes:

“A widespread substitution of banknotes with digital currencies could lead to a decline in central bank non-interest paying liabilities. This, in turn, could lead central banks to substitute interest paying liabilities, reduce their balance sheets, or both. The result could be a reduction in central bank earnings that constitute central bank seigniorage revenue.”

The ability of central banks to gather data on money aggregates, or measurements of the money supply, could also be hampered should digital currency use become widespread.

“Significant expansion of digital currencies could also raise a number of technical issues regarding the appropriate definition of monetary aggregates, especially if the digital currencies were not denominated in the sovereign currency,” the report notes. “In a monetary policy regime heavily focused on the growth of monetary aggregates, such measurement difficulties could create some complications for monetary policy implementation.”

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