The "Google Maps" Of Bitcoin Has Arrived

Tyler Durden's picture

Submitted by Michael Krieger of Liberty Blitzkrieg blog,

The past several weeks have seen the emergence of several innovative and user friendly websites related to Bitcoin specifically, and crypto-currencies generally. The first was FiatLeak.com, which shows the amount of BTC purchased and where in the world those purchases take place in real time. Then we saw CoinMarketcap.com, which calculates and ranks the ever-changing market caps of the more than forty virtual currencies being traded out there.

Now something else has been brought to my attention. It is very different, but just as cool and potentially much more useful. The site is CoinMap.org and it serves as a sort of Google Maps for Bitcoin. The site attempts to plot the various brick and mortar retail locations across the globe that accept BTC. When you see your target area you just zoom in and it will give you a closer view of the city in your crosshairs and the name and website of the businesses in question.

It looks like this (click on the map to get to the site).

 

According to Coindesk, this site was only showing 552 on the chart as of early November. With 1,397 on the map right now, you can clearly see the incredible growth dynamic happening in the Bitcoin economy. Sadly and somewhat surprisingly, there are none in Boulder but I am hopeful that will change very shortly.

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fonestar's picture

let's do this....

Sudden Debt's picture

to bad I can't open the viewer on my iPad...

so tell me... are all the subways and that polish dentist on it?

dryam's picture

I'm in!

I'm going to sink a good portion of my hard earned wealth into the computer so it can reside somewhere in cyberspace.  Cyberspace has been proven the be absoultely safe.  Yes, I want my hard earned wealth some place where I can't see it, touch it, and secure it myself.  I heard that whole NSA web spying thing was just a prank anyway.

One And Only's picture

Only 2 percent of dollars are physical. The rest are in cyberspace. Dopey.

One And Only's picture

Drug dealers have never ever been robbed before bitcoin. Neva eva

knukles's picture

Just about the time I'm going to write something profound on the topic, helicopters are flying back and forth, back and forth over my house.

Disturbing.

EnslavethechildrenforBen's picture

Are there going to be Bitcoin meetings , like Federal Reserve meetings?

One World Mafia's picture

I'm sure they already are collaberating.  Bitcoin has been centralized by a few dominant players. 

BLOTTO's picture

I emailed Satoshi Nakamoto to ask a few questions regarding his crypto-digi currency...

i'm still waiting to here back from 'him.'

.

I sent the email 6 months ago...

nope-1004's picture

As fone says below, you can pay your bills via the interweb?  Is that kinda like, PC banking, or buying something with PayPal?

Not that those haven't been around for 12 years or so.  This Bitcon thing sounds revolutionary.  lmao.

 

fonestar's picture

If you can't tell the difference between a fed-friendly entity like PayPal and Bitcoin you're a fool.  Just go away becuase people like you could never grasp Bitcoin.

EnslavethechildrenforBen's picture

Only a fool would trade hard earned cash for something infuckingvisible.

We will see if all the Bit Tards are still enthusiastic when they loose their entire investment in Cyberspace.

fonestar's picture

"hard earned cash" ROTFL mind control victim.  Your cash is about as hard as a soggy soy dildo.

pods's picture

The earned part is hard.  Not the cash.  You know, like actually working, instead of being first in first out of a ponzi.

No wonder you cannot understand it.

Must we take your ass to school again, book pumper?

pods

fonestar's picture

By the sounds of it the only lesson from school you learned was to fear authority.  I mock your fantasies.

TruthInSunshine's picture

"If you liked the trillion dollar coin idea, you may get it shoved right up your ass yet."

-- Barry O.

The Obama Administration Is Actually Serious About The Platinum Coin Option
BigJim's picture

There's no difference between the Treasury minting a few trillion dollar coins to write off some of the debt, and the Fed buying the same amount of debt and forgiving it, which is almost certainly the plan.

Actually, the coin idea is a bit better - at least for us - because (presumably) the Fed's owner's won't get their obligatory 6% cut on the 'profits'.

So it probably won't happen.

nope-1004's picture

So with Bitcoin, which argument are you making fone:

 

1)  Ease of internet payment system (PC banking?)

2)  Store of wealth (farmland?)

3)  Privacy in transactions (NSA has no clue?)

4)  Replace all fiat as a new international, borderless currency (USA will just say OK?)

5) Speculative ramp for early adopters. (Ponzi?)

 

My bet is for you it is 5), because all the others blow huge holes in the Bitcoin premise.

And if it's 4), man you're betting against HUGE odds.

 

fonestar's picture

Early adopters does not imply ponzi, only advantage.  My theories have so far been proven correct and are based in simple logic, not human expectations or hopes.

nope-1004's picture

Just as I thought. You're an ealry adopter trolling for capital gain.  Nothing to add, only to take.  Nice.

 

fonestar's picture

I entered Bitcoin for philisophical reasons and because in IT you go with the superior technology.  It was the easiest decision I made in my life getting into Bitcoin.

pods's picture

Easier than getting out at $780?

lol

dryam's picture

Assets and currencies always settle out to their intrinsic value. 

The intrinsic value of bitcoin is what? 

The intrinsic value of Enron was what? 

The intrinisic value of Madoff's portfoio was what? 

The intrinisic value a Federal Reserve Note is what?" 

What do the four things above have in common?  Hint: rhymes with 'Fonzie"

BigJim's picture

Well, I wouldn't get too smug here, because the 'intrinsic' value of gold is - to a large extent - predicated on investors' faith that it will be remonetised if/when fiats finally blow up.

Which may or may not happen.

Picture this: in a few years, the USD/GBP/Yen/etc are all going up in inflationary smoke. BTC is trading at $25,000. Then our beloved overlords announce 'SDRcoin'. It's international. You can pay your taxes with it (sorry, let me rephrase that: you must pay your taxes in it, or get thrown in a cage). Our overlords are so confident of SDRcoin that they're all going to sell their gold reserves (a la Gordon Brown).

What do you think happens to the 'value' of gold then? And don't give me some sophomoric bit of sophistry about how "gold's value is constant, it's fiat that is volatile": What do you think happens to the 'purchasing power' of gold then?

I hold gold (and silver) because I still think (ie, have faith) there's a good chance they'll see me through the inflationary bust that is likely to come... but nothing is certain in this life, is it? And fuck knows a lot of powerful, ruthless, and clever people's privileges depend on gold and silver being mere commodities, rather than what they should be: money.

MillionDollarBogus_'s picture

If bitcoin is too expensive for you, there are a lot of other cyber-currencies out there;

Litecoin
PrimeCoin
PeerCoin
Feathercoin
MinCoin
SolidCoin
Devcoin
WorldCoin
CopperLark
mcxFEE

Fonestar is right on the mark. 

Bitcoin is going to be a major problem for the Fed, but there is nothing they can do about it.  That is the simple beauty of bitcoin - no central banks can control it.... 

fonestar's picture

....and you forgot BBQcoin!

But seriously, the only real contender as of yet is Litecoin.

EnslavethechildrenforBen's picture

They're all generated by the Federal Reserve.

fonestar's picture

Now prove it idiot.  Fuckwits like yourself piss in the pond of perfectly valid conspiracy.

akak's picture

Get a life and stop trolling.

MillionDollarBogus_'s picture

List of cyber currencies, according to their current market value;

1  Bitcoin
2  Litecoin
3  Peercoin
4  Namecoin
5  QuarkCoin
6  Megacoin
7  ProtoShares
8  Feathercoin
9  WorldCoin
10  Primecoin
11  Novacoin
12  Freicoin
13  Infinitecoin
14  Anoncoin
15  Terracoin
16  CryptogenicBullion
17  BBQCoin
18  Zetacoin
19  Ixcoin
20  Devcoin
21  GoldCoin
22  Digitalcoin
23  Yacoin
24  Tickets
25  Fastcoin
26  Copperlark
27  StableCoin
28  I0Coin
29  TagCoin
30  BitBar
31  FlorinCoin
32  Mincoin
33  Luckycoin
34  Franko
35  Phoenixcoin
36  Bytecoin
37  CraftCoin
38  Noirbits
39  Elacoin
40  Argentum
41  Junkcoin
42  Colossuscoin

AllThatGlitters's picture

The size of that list is why Virtual Currencies will never be "currencies."  Think about it.

fonestar's picture

Most of these are just minor variations and forks of Bitcoin.  Some are jokes and some are experiments.  All of them are currencies as long as some people accept them.

Dick Buttkiss's picture

There were some 400 companies in the early stages of both the automobile and the personal computer. Then came the shakeout, i.e., the market settled things, as it always does.

Cryptocurrencies are no different.

Get used to it.

Lore's picture

If a branch of the military industrial complex stands accused of going to such effort to control global narcotics through vertical integration that it invaded and occupied one of the world's major producers, with all the attendant implications and consequences, then what makes anyone think they would not be likewise interested in controlling a conveniently anonymous medium of exchange that seems to be conducive to illegal trade? Anyone who perceives BTC as somehow "Safe" is simply not thinking. BTC is a sophisticated trafficker's dream, so the biggest traffickers of all are bound to show interest. 

@ Knukles: I had the same thing over my neighborhood last week. If you live near an airport, it's probably a training flight.

fonestar's picture

Sure.  Just as soon as you stop spreading FUD about the strongest currency on Earth.

chunga's picture

Speaking of trolls akak...have you seen how far over the top this "Geruda" character is going?

You've been summoned by WB7 here.

This time of year messing with Banzai's creativity is not cool. Time for a bash-a-thon I'd say.

nope-1004's picture

"That is the simple beauty of bitcoin - no central banks can control it...."

Which will be the reason they will regulate it.  It's got a huge target on its back at the moment.

 

pods's picture

The odd thing is that fone does see the inverse of his argument.

If you can buy (or even value) bitcoins with FRNs they damn well do control it.

He is just another pumper trying to puff his book.

Wake me up when I see a job paying 6 bitcoins per day/hour/week/minute (depending on how the value is gyrating).

pods

fonestar's picture

I've already told my employer that I would prefer to be paid in physical silver or Bitcoin.  They just looked at me and said that that was not possible.  How many of you have done that?  This is about supreme philosophy and not profits, to be the existential rebel Camus and others spoke of.

Gene Parmesan's picture

I tried asking them to pay me in Beanie Babies back in the late 90s. After seeing their reaction I haven't had the balls to ask for payment in anything other than dollars since.

And by the way, your employer now thinks you're a whack job. What did that accomplish?

fonestar's picture

I warned my employer about the rise of Bitcoin in summer of 2012.  They ignored it and regret doing so.  I then told them if they want to be in the tech sector and dismiss emerging technologies they are in the wrong business. 

Must suck going through life a coward who stands for nothing, begging for crumbs from the state?

dryam's picture

"Must suck going through life a coward who stands for nothing, begging for crumbs from the state?"

 

Sounds like the words of someone who has an arguement without much merit, and feels weak.

dracos_ghost's picture

Let me guess, now you are crypto-anarcho-unemployed.

Just curious, how does crytpo-anarchy and OKPay Mastercard work(You posted above you are setting up an OKPay account).

The problem is not with the Luddites as you say, but pumper/dumpers who treat Satoshi as God.

If you are so brilliant, I'm assuming you are helping in the development to plug the holes in the transaction protocol now, right.

The hard reset of Bitcoin1.0 is coming sooner than expected and Bitcoin2.0 looks an awful lot like a (crypto-)central banking system in order facilitate transaction time reduction, harden the blockchain, master trust entities, etc.

 

 

 

dracos_ghost's picture

Whomever owns the last mile, owns it.

 

Saro's picture

"Wake me up when I see a job paying 6 bitcoins per day/hour/week/minute (depending on how the value is gyrating)."

One step at a time.

1) Merchants accept Bitcoins though an intermediary like BitPay. Their customers check out in BTC and the merchant receives USD right away.  The upshot for merchants is that they get USD as they always have, but they don't need to pay fees to a credit card company.  No knowledge of the workings of BTC is necessary to accomplish this step.  It's completely transparent to them.

Once wide adoption of Step 1 is complete:

2) Merchants realize that their suppliers are also accepting bitcoins, and that they can often get a discount from those suppliers when paying in BTC because of the lack of transfer fees.  They remove the BTC->USD intermediary and can shuttle some of their BTC directly from their customers to their suppliers.

Once wide adoption of Step 3 is complete:

3) By now most merchants have BTC coming in and BTC going out.  At this point, it's easy enough to offer salaries in BTC directly and have takers, especially when BTC income can be made untraceable and untaxable.

We're still just beginning Step 1.  Give it some time.

pods's picture

Thanks for the reply. I am not against any competing currencies to any of the central bank controlled ones. Only against pumpers.  

Sadly, I do not think that our social structure will last long enough to see your scenario take place.  We are at the end of a debt and easy oil fueled boom, and it is going to be painful in the years ahead after the bust.

A decentralized currency would work well for exchange. But a decentralized currency that has no barriers for entry (like all mentioned) makes for a game of musical chairs.  Say Bitcoins become scarce due to their store of value? Then the market switches over to another, and Bitcoin dies a quick death while everyone moves to another currency, leaving those who used Bitcoins as a store of value broke.

At least with PMs there is a long track record.  Sure there is little utility in them, but that is double edged.  Normalcy bias holds for those as well.  Just because they have held value over millenia does not mean it will continue to do so. 

I see a scenario where the scarcity in any favorite crypto-currency leads to it's downfall.  The most accepted crypto will be hoarded and seal it's own fate, as there is no real barrier to entry in this market.

In short, there is no good answer to our dilemma, and there will always be those who wish to profit off the work of others, namely the money-changers.  And they play by different rules than most people.

pods

 

Saro's picture

I've said before that whether you should buy precious metals or bitcoins depends on whether or not you expect the market to outrun the state.  In a sense, Bitcoin is optimistic and precious metals are pessimistic with respect to the future.

I own both.