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Bitcoin News

A roundup of the top Bitcoin news from August 5 to August 11:

Monday, August 5

• Mt. Gox Makes New Appeal to Bitcoin Community to Share Stories

Tuesday, August 6

• Brigham Young University Housing Starts Accepting Bitcoin

Thursday, August 8

• Federal Judge Rules Bitcoin is Money in Ponzi Scheme Case

Friday, August 9

• Bitcoin for Organisations – A Global Guide by UK-Based MetaLair

Sunday, August 11

• Vulnerability Discovered for Android Bitcoin Wallets

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Two off-campus housing facilities at Brigham Young University have begun accepting Bitcoin as payment for rent. The two houses are Mountain Pines (for women) and The Nauvoo House.

The official announcement on the housing websites is rather understated, simply saying “We Accept Bitcoin! Please contact us if you would like to make a payment using Bitcoin,” but this is a big step forward for the alternative currency.

First, this is a demonstration of mainstream adoption in Bitcoin. There is nothing more critical than paying your rent and this is a big endorsement that the currency can be trusted.

Second, this gives college students the opportunity to drive faster adoption of Bitcoin. Facebook started out as a social network for Harvard students, followed by all campuses, and eventually the world. Perhaps Bitcoin’s rise to ubiquity will be ignited by its usage on college campuses as well.

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