I tried to buy $1 of bitcoin from a Las Vegas ATM — and it just proves how far bitcoin is from replacing regular money

I tried to buy $1 of bitcoin from a Las Vegas ATM — and it just proves how far bitcoin is from replacing regular money: I tried to buy $1 of bitcoin from a Las Vegas ATM — and it just proves how far bitcoin is from replacing regular money. Some Las Vegas restaurants accept payment in bitcoin, so I decided to try to buy bitcoin from a casino's bitcoin ATM. I lost all my money. Considering the exorbitant bitcoin ATM fee, I have real doubts as to whether or not bitcoin has a real future as a currency. LAS VEGAS - I've been in Las Vegas for a whole week, but I've only gambled twice: when I played $1 on The Simpsons slot machine in my hotel, and when I tried to buy $1 (and then, another $10) of bitcoin from a casino ATM. Both times, I lost it all. I had heard that the D, a casino and hotel in downtown Las Vegas, had a bitcoin ATM that made it easy to buy and sell the red-hot digital currency. I was intrigued by my colleague's account of a bitcoin ATM in New York City, which he used to buy $5 of bitcoin back in September. So I figured, hey, Las Vegas is about taking chances, and so is bitcoin. I'm no cryptocurrency expert — once, many years ago, someone sent me a super-tiny sliver of bitcoin that vanished when the app he used to send it shut down, and I haven't touched it since. So to get started, I went in intending to invest a single, solitary dollar. To use the ATM, I first had to download a bitcoin-wallet app, which you use to store your digital currency. I settled on Coinbase, from the $1.6 billion startup of the same name. I verified my account, easy-peasy, got my unique QR code to receive funds, and I was ready to go. The ATM experience itself started out smoothly. Before I even started, it told me it was valuing bitcoin at a hair over $15,000 per coin, meaning my $1 would buy the barest, tiny sliver of a single coin. That was fine, I knew what I was in for. The ATM verified my identity with a text message sent to my phone, and everything went smoothly. Then, I put in my dollar bill. It told me it wasn't enough to receive any bitcoin, whatever that meant. So I put in the only other bill I had on me, which was a $10. Still not enough! I guessed there was some kind of minimum that I just wasn't hitting, but the machine wasn't really communicating it to me. So I cancelled the transaction. It warned me that in doing so, I would

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27 years old man jailed 21 years for defiling 6-yr-old girl

A foodstuff seller, Chidi Ibiam, 27, was yesterday sentenced to 21 years imprisonment by an Ikeja High Court for defiling a six-year-old girl. They worship in the same church. The presiding judge, Justice Sedoten Ogunsanya, found the convict who lives at Baruwa, Ipaja area of Lagos, guilty of one-count charge of defilement. The judge held: “I have noted all the relevant facts of this case before me. The defendant is, hereby, found guilty of the crime of defilement and is sentenced to 21 years in prison.” During the trial, the prosecution, led by state counsel, Mr Adebayo Haroun, had told the court that Ibiam committed the offence on December 15, 2012, and was caught after the victim reported the assault to her mother. According to the prosecution, the convict is well known to the victim’s family as he was a neighbour and fellow church member. Testifying before the judge, the six-year-old girl (names withheld), had told the court that the defendant had unlawful carnal kno

How is the price of Bitcoin calculated?

How is Bitcoin calculated? I know a lot of people have this question on their mind. Well, here's a good explanation as provided by Luno.com Many people wonder how the price of Bitcoin is calculated, but it’s important to remember that it works no different than it would with other currencies or objects. Let’s first look at how the prices of most things are derived - we can use oranges as an example. What is the price of an orange? Well, it depends. As a starting point, one would derive the price of an orange based on two things: how much someone is trying to sell it for, and how much another person is trying to buy it for. If John wants to sell it for USD2.50 and Sarah is only prepared to pay USD2.00, there is no deal. But if they agree on a price that works for both, let’s say USD2.25, then the transaction will happen. If it’s winter there might be more people wanting to buy oranges, so the price will go up. Or if there is a drought the supply of oranges will become less,

Bethesda's E3 2015 kick off: Fallout 4 release date, Doom, Dishonored 2, and more

At first there was nothing. Empty space. The soft quiet of the void. Darkness. An idea, floating in a barren wasteland. And then, a lone voice—loud and getting steadily louder. " Faaaaaaallllllllllooooouuuutttttt ." Thusly did E3 2015 come into being. And let me extend a warm welcome. Sunday night, Bethesda held its first ever E3 press conference at the historic Dolby Theater in Los Angeles (the same venue as The Oscars). Thanks to rumors, leaks, and Bethesda's own marketing, we already knew almost every announcement ahead of time, but…damn. That Fallout 4 trailer. In case you were busy sleeping, eating, or otherwise going about life as a normal, well-adjusted human, here's what you missed. Bethesda wasted no time, kicking off with Doom (4) . And oh hey— Doom exists. Like, we actually saw a hefty amount of in-game footage, and then a big ol' Doom logo splashed onscreen and somewhere in the ether John Romero's hair probably tingled a bit.

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