Blog

What is decentralization…and why does it matter?

Published: Jun 16, 2014
Author: Karen Williamson

Decentralization is the process of redistributing functions, powers, people or things away from a central location or authority.  This can be a good thing, depending on what it is applied to and how.

Bitcoin is a decentralized system and many hotly debate topics have risen from this decentralization…

For example:   Should Bitcoin be regulated or not?

16
Jun, 2014
Category: Ecommerce
Author: Karen Williamson

A lifelong entrepreneur, Karen has found herself drawn to industries with potential to improve quality of life.  She has been following Bitcoin since 2011 and now brings her experience in the financial services industry to BitSent.  Through BitSent, she hopes to build the infrastructure for Bitcoin to flourish as a medium of exchange.  Karen is excited about the opportunities that Bitcoin presents, distributed wealth and economic stability​.   

Why People Prefer to Buy Bitcoins using Automated Vending Machines (known as Bitcoin ATM)

Published: May 22, 2014
Author: Yazan Al-Sheikhly
buying bitcoin using a Bitcoin automated vending machine (AVM)
  • best way to buy bitcoins
  • easier way to buy bitcoins
  • safest way to buy bitcoins
  • convenient way to buy bitcoins

People prefer to use Bitcoin vending machines to purchase their Bitcoins. It's simple, effective, private and secure; best of all, it takes less than 30 seconds! This comes from BitSent Inc.'s experience who owns and operates Bitcoin automated vending machines (AVM) throughout Canada. 

22
May, 2014
Category: ATMs
Author: Yazan Al-Sheikhly

Yazan is always on the look out for the next innovative product or idea that will change people's lives. He found Bitcoin.  Innovation is at the heart of every business idea, but innovation is only as good as the strategy and implementation that the company has in place. Yazan specializes in keeping ahead of trends and brings with him extensive experience building and implementing business strategies.

 

Is Bitcoin Legal?

Published: Apr 10, 2014
Author: Yazan Al-Sheikhly
There are several questions that always come up when people ask questions regarding Bitcoin, and one of the most important ones in my opinion would be " Is Bitcoin legal?" The short answer here is YES!
 
10
Apr, 2014
Category: Ecommerce
Author: Yazan Al-Sheikhly

Yazan is always on the look out for the next innovative product or idea that will change people's lives. He found Bitcoin.  Innovation is at the heart of every business idea, but innovation is only as good as the strategy and implementation that the company has in place. Yazan specializes in keeping ahead of trends and brings with him extensive experience building and implementing business strategies.

 

Bitcoin Mining Profitability

Published: Apr 10, 2014
Author: Stephen Giles, CMA

As a potential investor, one has to decide whether to purchase Bitcoins directly or to purchase specialized computer equipment to “mine” Bitcoins.  In order to understand the profitability of “mining” Bitcoins, it is important to consider the opportunity to purchase Bitcoins directly.

I have noticed a common misconception in the Bitcoin “mining” community, where “mining” is considered profitable when the “miner” is able to generate more Canadian dollars than it cost to purchase.    

10
Apr, 2014
Category: Mining
Author: Stephen Giles, CMA

A mathematician at heart with a passion for business, Stephen has applied his modeling abilities across a variety of industries.  He has spent the majority of his career prior to BitSent quantifying economic damages for insurance and litigation matters as a designated accountant.  Stephen was introduced to Bitcoin in 2012 and took a keen interest in forecasting the profitability of Bitcoin “mining”.  He is now a full-fledged Bitcoin enthusiast, excited about the opportunity to shape the future of business by building on the foundation that Bitcoin has laid.  Stephen has joined BitSent with the hope of increasing access of Bitcoin’s many functionalities to individuals and businesses.

Why is Bitcoin here to stay? Cause Star Trek said so…

Published: Jan 27, 2014
Author: Karen Williamson
  • star trek
  • bitcoin

I can’t help noticing that many of the technologies we use today were first seen in Star Trek.  Examples?  Tablets, google glass (may I remind you of “the Game” episode in which a set of wearable technology got the entire crew hooked on video game - Oh yah, we also now have a problem with video game addiction...ahem Wow?).  More examples?  The medical tricorder (see http://www.dailymail.co.uk/sciencetech/article-25

27
Jan, 2014
Category: Ecommerce
Author: Karen Williamson

A lifelong entrepreneur, Karen has found herself drawn to industries with potential to improve quality of life.  She has been following Bitcoin since 2011 and now brings her experience in the financial services industry to BitSent.  Through BitSent, she hopes to build the infrastructure for Bitcoin to flourish as a medium of exchange.  Karen is excited about the opportunities that Bitcoin presents, distributed wealth and economic stability​.   

Canada: a regulatory free-for-all for Bitcoin business???

Published: Jan 27, 2014
Author: Karen Williamson
  • bitcoin
  • regulation
  • Canada
  • exchanges
  • FINTRAC

When it comes to Canada and regulation of Bitcoin businesses, there is a lot of language painting Canada as a “regulation free-zone”.   Canada’s existing regulations and regulatory bodies have been described as “having loopholes” or “declining to regulate”.  There also seems to be an attitude that it is the responsibility of the government and financial industry to make room for Bitcoin businesses.

27
Jan, 2014
Category: Regulation
Author: Karen Williamson

A lifelong entrepreneur, Karen has found herself drawn to industries with potential to improve quality of life.  She has been following Bitcoin since 2011 and now brings her experience in the financial services industry to BitSent.  Through BitSent, she hopes to build the infrastructure for Bitcoin to flourish as a medium of exchange.  Karen is excited about the opportunities that Bitcoin presents, distributed wealth and economic stability​.