Mission Statement We believe Bitcoin has the potential to be not just a digital currency, but the future of money.While it is still in the early stages, we see Bitcoin as a protocol or platform on which financial and non-financial transactions can be conducted and verified as part of a global public ledger.Bitcoin lies at the intersection of several important academic research areas, including cryptography, distributed computing, graph theory, finance, and economics.The MIT Bitcoin Club seeks to provide forums where Bitcoin-related ideas, projects, programs, events, and businesses can be studied, discussed, and developed.Through club activities, we seek to increase awareness and use of Bitcoin within and beyond the MIT community.Getting Involved Subscribe to our Mailing List (click the logo on the right->) to get our weekly newsletter We hold meetings every week during the school year, open to all students and anyone with an interest in bitcoin and cryptocurrency discussion All other scheduled events outside the meetings will always be free and open to the public, if we do not explicitly report otherwise Our code of conduct prohibits company recruitment during meetings.

We will work with you to host an event if you would like, see our archives for examplesBrian Armstrong took to Medium to elaborate upon the Coinbase mission.The 100 person company, Armstrong notes, had grown too large for them to communicate daily with all of their employees, and therefore “we decided to craft a clear vision, mission and strategy for the company.” While he describes the process to determine the vision, the mission and the strategy of Coinbase, Armstrong imparts the company culture  “tends to look down on big meetings and ‘fake work.’” During the inquiry, Coinbase highlighted some digital currency fundamentals.Digital currencies would lead to innovation by simplifying payments.“Payments can be frustratingly slow and expensive at times,” he writes.“Why does it take longer to wire money to Australia than to fly there?bank transfers take 3 business days and not work on weekends?Why is there a 2–3% tax on almost every retail transaction in our economy (credit cards) when it is just moving bits from one data center to another?” Armstrong cites dependence upon the national market system as a hurdle.

Read More: Coinbase Holds Internal Hackathon “It’s because each country (and payment company) is running its own proprietary system, and they don’t connect seamlessly with each other,” he states.Bitcoin-like technologies on an open protocol , Armstrong suggests, have the power to transform the world’s finances and economics.“Among many changes, there would be an order of magnitude increase in the number payments sent per person each day, and the very definition of what a payment is could change (in the same way that more photos are taken since we all carry a high quality camera with us 24/7.),” the CEO writes.In the Medium post, he discusses the world’s unbanked: “About ⅓ of the world lives on less than $2 per day, but 90% of them don’t have access to a bank account.” This can lead to catastrophe, he notes.“However, nearly 100% of the developing world now has a cell phone, and by 2020 about .” That means they have the technology to access the cutting edge of payments and remittances.

“The traditional banking business model (earning interest on deposits) doesn’t work for people with very little money,” Armstrong writes.bitcoin gambling bot“Our belief is that digital currency on smartphones will bring financial services to many people in the developing world, and this will help level the playing field.” Armstrong explains how they arrived at their vision: Coinbase wrote a statement based on this: Coinbase’s mission includes “unlocking bitcoin’s potential”, “making bitcoin easy to use,” and “making bitcoin the most popular currency in the world.” Armstrong acknowledges that a large part of what Coinbase does is help “the digital currency movement grow.” He also describes this as, “providing the on and off ramps into finance 2.0” and “helping the world move to an open financial system.” With this in mind, he introduces the new Coinbase mission: That is Coinbase’s short term vision.kiem bitcoin kieu gi

“Longer term there are more things we can do to help the network grow.” Coinbase also wants to remain the easiest place to buy and sell Bitcoin.bitcoin poker poolThat means growing Coinbase and adding as many countries and payment methods as possible.bitcoin funding team scam“It means building strong relationships with regulators and bank partners, and connecting to the traditional financial world (Wall St. banks, etc.).” In its next phase, Coinbase foresees itself moving into  “the next phase of adoption: apps.” He explains: “In the future, you’ll see Coinbase build or buy other apps in the space to help drive consumer adoption.”bitcoin sports betting exchangeLLEW CLAASEN Executive director Twitter: @LlewClaasen | LinkedIn Llew has over 12 years of executive management experience in digital marketing and product management.1 bitcoin value in inr

He co-founded Clicks2customers, SynthaSite (later Yola) and TrafficSynergy, international digital marketing properties with current billings in excess of $100 million a year.bitcoin port forwardingHe is also an advisor and mentor in acceleration and corporate innovation programs for 2 Pan-African banks and a telecommunications company and a member of international marketing advisory boards The Forum to Advance the Mobile Experience, The Customer Experience Board and the Chief Marketing Officer (CMO) Council Advisory Board for Africa.bitcoin fehlerBROCK PIERCE Chairman Twitter: @brockpierce | LinkedIn Brock Pierce is a venture capitalist and serial entrepreneur best known for pioneering the market for digital currency.ethereum rate usdHe is a Founder and Managing Partner of Blockchain Capital.

Blockchain Capital has invested in more than 30 blockchain enabling technology companies.Pierce is also a founder, advisor, or board member of GoCoin, Tether, ZenBox, Blade Financial, Expresscoin, Noble Markets, BitGo, ChangeTip, BlockStreet, Coin Congress, and Plug and Play.Pierce is a BitAngels city leader and runs a top AngelList Syndicate.As an entrepreneur, he’s raised more than $200 million for the companies he’s founded and led more than 30 acquisitions throughout his career.BOBBY LEE Vice Chairman Twitter: @bobbyclee | LinkedIn Bobby Lee is CEO and co-founder of BTCC (formerly BTCChina), the first bitcoin exchange in China and the leading bitcoin financial platform worldwide.Before BTCC, Bobby was Vice President of Technology for Walmart’s e-commerce business in China.Previously he was the CTO of SMG BesTV New Media, the largest IPTV operator in China with the most subscribers globally.He moved to Shanghai in 2007 and started off at EMC’s China Center of Excellence, as Director of Software Engineering, with responsibilities for Cloud Computing and Cloud Storage.

Bobby started his career in Silicon Valley as a software engineer at Yahoo!and led the development of the earliest online communities.He graduated from Stanford University with B.S.degrees in Computer Science, and was a member of the Mayfield Fellows Program.He earned an EMBA degree from CEIBS in China.BRUCE FENTON Board Member Twitter: @brucefenton | LinkedIn Bruce Fenton is an investor, consultant and advisor in the Bitcoin space and is the organizer of the Dubai Bitcoin Conference and the Satoshi Roundtable retreat.Bruce Fenton is the Managing Director of Atlantic Financial Inc, the first full service investment provider on the internet in 1994.Prior to founding Atlantic Financial, Bruce Fenton worked for Morgan Stanley Dean Witter as a specialist in managed accounts and one of the youngest stockbrokers ever to work for the company.ELIZABETH MCCAULEY Board Member Twitter: @etmccauley | LinkedIn Elizabeth McCauley is Head of Global Business Development at Coinsecure, India’s largest bitcoin exchange.

She’s a freelance writer for Bitcoin News and has previously worked for BitPay, Bitcoin Magazine, and a US Member of Congress.MICHAEL PERKLIN Board Member Twitter: @mperklin | LinkedIn Michael Perklin is the Chief Information Security Officer at Shapeshift.io and an information and cyber security expert with over a decade of experience in performing digital forensic examinations, cyber investigations, and incident response post-mortems.Michael is an information security expert with over a decade of experience in performing digital forensic examinations, cyber investigations, and incident response post-mortems.Michael trained these security skills onto bitcoin and blockchains in 2012 when he launched Canada’s first blockchain consultancy practice: Bitcoinsultants.Michael helped co-author the CryptoCurrency Security Standard and his work has secured hundreds of millions of dollars worth of Bitcoin, Ether, and other cryptocurrencies.Michael serves on the board of CryptoCurrency Certification Consortium (C4) and has testified about Bitcoin at the Canadian Senate’s Committee on Banking, Trade, and Commerce.

FRANCOIS POULIOT Board Member Twitter: @pouliotfrancis | LinkedIn Francois Pouliot is the Director of Public Affairs for the Bitcoin Embassy in Canada and co-founder and CEO of Satoshi Portal, a Bitcoin startup based in Montreal, Canada.The Portal develops, implements and operates Bitcoin services software and applications which aim at increasing the accessibility and adoption of cryptocurrency at the retail, end-user level.VINNY LINGHAM Board member Twitter: @VinnyLingham | LinkedIn a digital identity startup based in Silicon Valley.Before Civic, Vinny was co-founder and CEO of Gyft, a mobile gift card company backed by Google and sold to First Data.Lingham is a major advocate for Bitcoin, and Gyft was one of the early adopters amongst the businesses to accept Bitcoin as payment.He was also founder and CEO of Yola, Inc.(, an NGO based in South Africa that serves to turn Cape Town into a technology hub.He was chosen as a Young Global Leader Honoree 2009 by the World Economic Forum & has been recognized as a high-impact entrepreneur by Endeavor Global and awarded the 2006 Top Young IT Entrepreneur.