Help NGO Doctors Without Borders To Fight Ebola Using Bitcoin Bitcoin AnnouncementsNewsWorld Security HackerOne Bug Bounty Program Can Pay Bitcoin to White Hat Hackers with Coinbase Partnership Caleb Chen Advertisement: Bug bounty hunters, or white hat hackers, around the world that use the popular platform HackerOne can now be paid in Bitcoin.Earlier today, Coinbase announced a partnership with HackerOne, a  This means that internet giants such as Facebook, Twitter, and Yahoo!can now pay bug finders in Bitcoin.In fact, HackerOne’s many bug bounty hunters can select Bitcoin as their preferred payout option.Compared with the other payment options present for HackerOne, which services an intrinsically international conglomerate of companies and hackers, Coinbase and Bitcoin allow bug bounty hunters to save up to 5% per transaction.With Coinbase’s recent expansion to 18 European countries, bug bounty hunters in Europe and America will be able to cash out bitcoins received into their preferred fiat currency.

For those in other countries, different Bitcoin off-ramping services will have to be used.Even with the use of an additional third party, the fees could still be significantly less than conventional methods.Also read: Coinbase Expands to 5 More European Countries Coinbase Uses HackerOne for Bug Bounty Payment Too For seven months now, Coinbase has been using HackerOne to host its bug bounty reward system, which previously existed by itself.Using HackerOne, Coinbase has closed 84 bugs and paid out 59 different hackers.has paid out over $700,000 to 600 hackers in their time with HackerOne.It’s easy to imagine at least a handful of said hackers demanding to be paid in Bitcoin with the new functionality available.As most of the world is already familiar with, black hat hackers also prefer to be paid in Bitcoin.This was evidenced by the Celebgate incident as well as the Snappening.Elsewhere, companies and individuals around the world are still falling victim to the cryptolocker virus which encrypts valuable files and refuses to decrypt unless paid Bitcoin.

Other hacker groups, such as w0rm, also refuse payment in anything besides Bitcoin.What do you think of white hat hackers?LATEST NEWS The Number One Way Billionaires Get Rich (And how you can too!)Player at BitStarz Lands a $112.4k WinBlockchain Raises $40 Million from Google Ventures, Virgin Group and OthersBitcoin Price Watch; Live Trade!DECENT Testnet Successful; Network Launch ImminentWindows Phone Users Can Now Access The BitPay WalletThe Secret to Becoming a Crypto MillionaireBitcoin Price Watch; Riding The Price WavesShortage of Graphics Cards Intensifies in Russia as Cryptocurrency Mining Becomes More PopularCrypviser Makes Secure Online Communications System Accessible to EveryoneDASH/USD and LTC/USD Technical Analysis June 23, 2017ETH/USD and ETH/BTC Technical Analysis June 23, 2017BTC/USD and BTC/JPY Technical Analysis June 23, 2017Ethereum Price Technical Analysis – ETH/USD Could Decline Further?Bitcoin Price Technical Analysis for 06/23/2017 – Support Held as Expected!Creditbit Price Technical Analysis – CRB/BTC Extends DeclineCoinPayments: Excess XRP Withdrawals Were No Accident, but Done with Malicious IntentWhat’s Coming Up in July?

Suretly’s ICO is On its Way! and Funding Manager of Bitcoin Capital was hosted in an interesting interview on Money Talk, a program broadcast by Radio Television Hong Kong.litecoin megahash calculatorSimon explained bitcoin in a simple way to the listeners who might have never heard about bitcoin before and commented on the enormous computing power endorsing the blockchain.ethereum hash speedHere are a few interesting quotes from that interview: There are 3 fundamental properties that are different when depositing your money at a bank rather than convert your money to bitcoin: When you deposit your money with a bank, the bank becomes the legal owner of your money, so in countries like Cyprus, they experienced what happened when banks reclaimed ownership of your money; you deposits vanish!python send bitcoin

With bitcoin, you actually own your own money, so it is much like storing cash or gold under a mattress!!bitcoin helpdeskIt is on your smartphone; on your computer; on your hard drive, you own it and it can’t be taken from you.bitcoin pool graphWith banking, when you deposit your money at a bank, the bank spends this money and speculates on it and if the bank’s speculation go wrong, then your deposit is actually is at risk and it has to be guaranteed by the government.bitcoin wallet distributionWith bitcoin, you spend your money as you wish directly from person to person, there is no bank in the middle and no governmental intermediary; you just transfer value from one person to the other.With banks, they create money when they issue loans and so, most money are created privately by a bank.

With bitcoin, it is created in a very geeky, hard to understand way.Basically, hundreds of thousands of computers, all around the world, are connected to the blockchain network and they verify bitcoin transactions and every time a miner verifies a transaction, new bitcoins are created but it acts much like gold, where there is a fixed supply, so it is a “deflational currency” and the value tends to go up overall because the system can’t be manipulated and the supply of bitcoin never changes.Simon also believes that Bitcoin is backed up by the largest super computer in the world.“If you sum up the 500 largest computers known to mankind and you multiply their computing power by 5000, you get the size of bitcoin’s blockchain computing power, so it is an amazing thing” After listening to that amazing interview, I reached out for Simon Dixon and I asked him a couple of exclusive questions for NewsBTC: Tamer: How do you secure your Bitcoins’ capital investment?Do you use cold storage?

Do you use desktop wallets?or rely on online wallet providers as blockchain.info?We use a cold storage multi signature wallet to store investors coins when they leave them with us.Tamer: How can you evaluate Bitcoin ventures during 2015?“When investing in Bitcoin companies, we look for teams of dedicated entrepreneurs that have stuck with their business throughout the Bitcoin bear market.We look for those that have customers and products rather than those with ideas.We have a lot of smart investors investing through our platform and we like to make sure other smart people are investing in the companies we invest in so we can increase the odds of success.I like companies that make banks less significant rather than the companies making it cheaper for banks to perform Business as usual using Blockchains.” Conclusion: In my opinion, I also agree with Simon that BTC is backed up by a hashing power that is endorsed by the world’s biggest computing power, which why I believe that bitcoin has way more value than Fiat money, which sometimes doesn’t even worth the cost of paper and ink used to print it!!