It began as a joke days before the Architect Ayal Segev hung the sign “Bitcoin-Embassy” at his Tel Aviv office. This story, is told in a recent story at the Juedische Allgemeine in German by Sabine Brandes. CCN has re-formulated that piece for an English speaking audience.
Increasing numbers of people started coming in. On many days, 20 and more would gather at the christened Bitcoin Embassy.
“I must always clean up the space,” he remembers, grinning. Segev searched for a bigger office, and today he still runs the Bitcoin Embassy of Israel, one of the most successful Bitcoin embassies in the world.
Bitcoin enthusiasts meet there – mostly young men wearing jeans, sweatshirts and sneakers. They read there about bitcoins. Perhaps not everyone understands Bitcoin, but that’s okay – there’s opportunities to learn about the nascent crypto-currency. Every Sunday at 7pm, Bitcoin-Embassy representatives and those interested in Bitcoin join together to discuss the currency.
“Because [Bitcoin] is not only currency but also an entire value and belief system,” Segev said. “It is significant and fragile, because it has many errors that money also has.” However, while fiat currency is controlled by nations and corporations, Bitcoin is decentralized and thus controlled by no one.
“Bitcoin is a revolution in awareness,” Segev maintained.
Bitcoin today is no longer than only crypto-currency on the Internet. Alongside the first formulation of crypto-currency, there are today hundreds of crypto-currencies with their own traits and specialties.
A man who goes by Assaf – highlighting the possible dangers of using alternatives to fiat currency in Israel – uses it and promotes it in the name of social justice. “There is great inequality in the world in money. Because we are all crazy after it, more and more are printed and given away. Money is no longer tied to gold reserves, and […]
