This is all on me, Paul Snow.I have had a quite a bit of work dumped into my life, and I do want to do the best demonstration of Bitcoin possible.We want to call attention to the frictionless power of Bitcoin.And we want to demonstrate the power of being able to quickly mobilize funds to meet an urgent need.And we want to put a spotlight on those people willing to do good.Please note also:  If you will subscribe, then you will get these notices.You will get more information about the next event.And make contacts with other Bitcoin users around the world.Passing Bitcoin Around The World is first and foremost a Financial Relay.We start in Austin Texas with 0.1 Bitcoin, and we pass it from one participant to the next.The last Participant sends it to our featured Non-Profit (Fr33 Aid).So Why do We Need You?We need 100 participants or more.We want to pass this 0.1 Bitcoin from one participant, who waits for a confirmation then sends it to the next.So we need participants.That’s why we need you!

How then is money raised for charities?Everyone provides 0.1 bitcoin as a deposit.You sign up, we send you a deposit addrss.You can deposit 0.1 bitcoin.You specify what we should do.Return the Bitcoin to you, the participant?Send it to the Featured Charity?Or to one of the others on our list?You tell us what to do.And you get to audit us in real time to insure we are honest!That’s how this is a demonstration of Bitcoin as a Force for Good to mobilize funds in the face of an urgent need.We really need you to make this event occur!Please include your Nickname and location in the subject (city/state/province/country).In the message body, please provide the Event Bitcoin Address you will use for your event.(for most people, you should create a new wallet with one address, and fund it with the transfer fee of .0001 BTC) Also include a percentage to refund to your Event Bitcoin Address, and a percentage to donate to Fr33 Aid.We will reply to your email address with the deposit BTC address for the event.

You will send it 0.1 BTC for the event, and we will refund it and/or donate it per your instructions after your turn.Be part of this life changing event as it happens in real time.Your privacy is important to us!We do not share your information with anyone. is a demonstration hosted by the Texas Bitcoin Association.Paul Snow (a.k.a AlanX) first designed and executed the first Passing Bitcoin Around The World with the help of Reddit users in 2013, and again in October of 2013.The Texas Bitcoin Association is putting on the Texas Bitcoin Conference on March 5-6, 2014, where the results of Passing Bitcoin will be presented.The next Passing Bitcoin Around the World will be on February 8th.The first and second Passing Bitcoin events were run through Reddit.And while Reddit is a powerful tool for organizing responses, it also has the attention span of a gnat.So the next event will be organized primarily through the world wide Bitcoin meetup groups.Bitcoin can be donated here: 16ezxgFiSdyq4DVUcftJHih9BgGbNQABGP With so many ways to get involved there’s something for everyone.

Please continue to recomend us to your favorite charity, tell friends about our events, come to bitcoin conferences to meet us and let’s all keep helping the needy in a visible and positive way.The network's capacity to process transactions has maxed outThe growth of the Bitcoin ecosystem is also proving to be one of its greatest problems.bitcoin forum romanaWith a mounting number of unconfirmed transactions, transfer costs are going up.bitcoin summit 2017 indiaThis move forces companies to come up with creative solutions.bitcoin stealer 2015Unfortunately, that means these companies pass transaction fees on to their customers.cramer on bitcoin

Bitpay is the latest company to do so.It is very unfortunate this is happening during such a critical time in Bitcoin’s history.On the one hand, it makes sense for to stop paying transaction fees.The company specializes in processing Bitcoin payments.They also charge a 1% fee to do so, which is more than fair.ethereum time per blockHowever,t hat 1% fee is not enough to provide such a service and pay the transaction fee.bitcoin advcashWith mounting costs to send Bitcoin on the network, it is only normal customers pay for these fees themselves.bitcoin betalenA Radical Change for All Bitpay Users Come June 20, 2017, BitPay will pass these fees onto their customer base.bitcoin instant payoutThe company will no longer fully subsidize the cost of sending refunds.bitcoin credit card reddit

That can prove to be somewhat of a problem for anyone accepting Bitcoin payments right now.It is another cost merchants will need to take into account when enabling this alternative payment method.Whether or not this will affect Bitcoin growth, remains anybody’s guess at this point.Unfortunately, BitPay is not the only company to make this decision.Various exchanges are no longer subsidizing miner’s fees either.That was only to be expected, though.The Bitcoin transaction costs have been going up for many months now.Especially during times of , such as what is happening right now.Miners reap the benefits from higher fees, as they make more money.However, if people were to stop sending transactions, that wouldn’t bode well for miners either.The bigger question is how this will affect alternative cryptocurrencies.Any coin that is not Bitcoin has much lower transaction cost.Litecoin could become a major contender for Bitcoin in this regard.The Litecoin network has SegWit activated and the Lightning Network is being implemented.