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bitmesh - Bitcoin Magazine

Adoption &amp; Community

andreas antonopoulos

bandwidth

bitmesh

Boost VC

amount of bandwidth

bitcoin

bitcoin micropayment

bitcoin micropayment channels

bitmesh network

bitmesh server

bitmesh wifi

BitMesh is a platform that allows users to share their bandwidth or Internet connections with others in exchange for bitcoin. Without the involvement of third-party escrow or contracts, users can achieve a mutual negotiation for the pricing and share Internet freely and cheaply.



The BitMesh development team has already developed&nbsp;<a href="https://www.youtube.com/watch?v=yOb05a0yt1Y">a working prototype</a>&nbsp;in which users can set up a BitMesh server on a raspberry pi and connect several clients to it. Similar to other bitcoin platforms like JoyStream, which lets users pay very small amounts of bitcoin in exchange for a minimal service like leeching a torrent, the BitMesh network uses bitcoin micropayment channels for its server and clients. The implementation of the bitcoin micropayment technology enables users to prepay for the bandwidth that they would like to use, and it also enables the BitMesh server to measure both used and remaining Internet time with a captive portal.



Once BitMesh is launched, it will create a friendlier and easier environment for anyone who hopes to share their extra bandwidth for money, and for those willing to pay for Internet only for the amount of time which they’d like to use. This also helps people without mobile data plans or expensive WiFi plans to connect to the Internet instantly, especially while travelling.



For example, let’s say Bob is travelling and he urgently needs to check his email but all the WiFI networks nearby are locked. In the same place, Bob finds Alice using an unlimited prepaid mobile data plan and he would really like to use her bandwidth and pay for what he has used. However, Bob cannot find a way to incentivize or pay her for the amount that he used, because



<ol><li>It is hard to track how long he has stayed on the Internet and the amount of bandwidth that he consumed from Alice’s mobile data plan.</li><li>Bob cannot find a medium of payment to reward Alice for the bandwidth that she has provided Bob. Existing platforms like Paypal are not efficient, as they charge high transaction fees and take a long time in processing payments.</li></ol>



With bitcoin and BitMesh however, Bob can track the amount of bandwidth he has used, and agree with Alice with a price beforehand, to pay her for the duration of his usage. After the payments are calculated, bitcoin micropayment channels allow Alice to receive payments in bitcoin instantly, which she can verify soon after.



For users to connect to the BitMesh network, they will first connect their devices to a BitMesh WiFI connection nearby.



After they find a signal, they can instantly connect to BitMesh WiFi and start using it, and pay only for what they have used at the end of their usage with bitcoin.



“BitMesh is the first commercial app to use Bitcoin’s trustless escrow technology called micropayment channels. What that means is that there are no contracts, no commitments, no login screens and monetize your existing devices,”&nbsp;<a href="https://www.youtube.com/watch?t=81&amp;v=Euwb0_0wZPA">explained</a>&nbsp;BitMesh co-founder and CVO Chris Smith.



BitMesh is currently incubated by prominent Bitcoin venture capital firm Boost VC, and has already presented their prototypes to investors and other panelists. With the help of Boost VC, BitMesh will be introduced to large silicon valley investors and raise funding rounds to market and develop their network.



The company has already attracted several bitcoin entrepreneurs and investors including security expert and the host of&nbsp;Let’s Talk Bitcoin&nbsp;podcast series Andreas M. Antonopolous. He shared his excitement about this project on Twitter,&nbsp;<a href="https://twitter.com/aantonop/status/623640056583073792">saying</a>&nbsp;“Bitmesh uses bitcoin micropayments to share Wifi in a mesh network. Amazing, have been waiting for this!”

Bitcoin Magazine provides news, analysis, information, commentary and price data about Bitcoin.

Bitcoin Magazine

Joseph is a web developer and designer, writer and a passionate musician who loves to travel. He has worked as a researcher for a number of venture capital firms and as a freelancer designer for resorts and corporations in Korea and the Philippines.

Joseph Young

BitMesh is a platform that allows users to share their bandwidth or Internet connections with others in exchange for bitcoin. Without the involvement of third-party escrow or contracts, users can achieve a mutual negotiation for the pricing and...

BitMesh: Share Bandwidth for Bitcoin

BitMesh is a platform that allows users to share their bandwidth or Internet connections with others in exchange for bitcoin. Without the involvement of third-party escrow or contracts, users can achieve a mutual negotiation for the pricing and share Internet freely and cheaply. The BitMesh development team has already developed&nbsp;a working prototype&nbsp;in which users can set up a BitMesh server on a raspberry pi and connect several clients to it. Similar to other bitcoin platforms like JoyStream, which lets users pay very small amounts of bitcoin in exchange for a minimal service like leeching a torrent, the BitMesh network uses bitcoin micropayment channels for its server and clients. The implementation of the bitcoin micropayment technology enables users to prepay for the bandwidth that they would like to use, and it also enables the BitMesh server to measure both used and remaining Internet time with a captive portal. Once BitMesh is launched, it will create a friendlier and easier environment for anyone who hopes to share their extra bandwidth for money, and for those willing to pay for Internet only for the amount of time which they&rsquo;d like to use. This also helps people without mobile data plans or expensive WiFi plans to connect to the Internet instantly, especially while travelling. For example, let&rsquo;s say Bob is travelling and he urgently needs to check his email but all the WiFI networks nearby are locked. In the same place, Bob finds Alice using an unlimited prepaid mobile data plan and he would really like to use her bandwidth and pay for what he has used. However, Bob cannot find a way to incentivize or pay her for the amount that he used, because It is hard to track how long he has stayed on the Internet and the amount of bandwidth that he consumed from Alice&rsquo;s mobile data plan.Bob cannot find a medium of payment to reward Alice for the bandwidth that she has provided Bob. Existing platforms like Paypal are not efficient, as they charge high transaction fees and take a long time in processing payments. With bitcoin and BitMesh however, Bob can track the amount of bandwidth he has used, and agree with Alice with a price beforehand, to pay her for the duration of his usage. After the payments are calculated, bitcoin micropayment channels allow Alice to receive payments in bitcoin instantly, which she can verify soon after. For users to connect to the BitMesh network, they will first connect their devices to a BitMesh WiFI connection nearby. After they find a signal, they can instantly connect to BitMesh WiFi and start using it, and pay only for what they have used at the end of their usage with bitcoin. &ldquo;BitMesh is the first commercial app to use Bitcoin&rsquo;s trustless escrow technology called micropayment channels. What that means is that there are no contracts, no commitments, no login screens and monetize your existing devices,&rdquo;&nbsp;explained&nbsp;BitMesh co-founder and CVO Chris Smith. BitMesh is currently incubated by prominent Bitcoin venture capital firm Boost VC, and has already presented their prototypes to investors and other panelists. With the help of Boost VC, BitMesh will be introduced to large silicon valley investors and raise funding rounds to market and develop their network. The company has already attracted several bitcoin entrepreneurs and investors including security expert and the host of&nbsp;Let&rsquo;s Talk Bitcoin&nbsp;podcast series Andreas M. Antonopolous. He shared his excitement about this project on Twitter,&nbsp;saying&nbsp;&ldquo;Bitmesh uses bitcoin micropayments to share Wifi in a mesh network. Amazing, have been waiting for this!&rdquo;

BitMesh: Share Bandwidth for Bitcoin - Bitcoin Magazine

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BitMesh is a platform that allows users to share their bandwidth or Internet connections with others in exchange for bitcoin. Without the involvement of third-party escrow or contracts, users can achieve a mutual negotiation for the pricing and share Internet freely and cheaply. The BitMesh development team has already developed a working prototype in which users can …

https://admin.bitcoinmagazine.com/articles/bitmesh-share-bandwidth-bitcoin

BitMesh is a platform that allows users to share their bandwidth or Internet connections with others in exchange for bitcoin. Without the involvement of third-party escrow or contracts, users can achieve a mutual negotiation for the pricing and share Internet freely and cheaply. The BitMesh development team has already developed a working prototype in which users can […]

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master_feat - Bitcoin Magazine

Book

mastering bitcoin

andreas

book

digital

dollars

ebook

fill

help

interested

know

mastering

update: As people have noted in the comments, this book is not available for Bitcoin on the O’Reilly site. Someone could buy a bunch and make the available as a temporary solution, or you can all email&nbsp;<a href="mailto:orders@oreilly.com?subject=">orders@oreilly.com</a>&nbsp;and let them know they forgot to enable Bitcoin payments.



A few months ago, Andreas Antonopoulos set out to publish the über&nbsp;Bitcoin book. This book would thoroughly cover every aspect of the first cryptocurrency so there would be no questions left to ask.



He started by querying the Bitcoin community and asked them to fill in his outline&nbsp;<a href="http://bitcoinbook.info/">here</a>&nbsp;and asked to fill in any missing topics. Then also offered a survey to help him profile the potential readers of the book. This book is now available for pre-order on the&nbsp;<a href="http://shop.oreilly.com/product/0636920032281.do">O’Reilly website</a>.&nbsp;The 250 page book will sell for around $24 dollars for the ebook and $30 dollars for the print version. The ebook doesn’t have an estimated release date, but the print book should be available August of this year.



<blockquote class="wp-block-quote">Mastering Bitcoin&nbsp;tells you everything you need to know about joining one of the most exciting revolutions since the invention of the web: digital money. Bitcoin is the first successful digital currency. It’s instant, global, frictionless and it is changing money forever. Bitcoin is still in its infancy, and yet it has already spawned an economy valued at nearly $2 billion that is growing exponentially. -<a href="http://shop.oreilly.com/product/0636920032281.do">Mastering Bitcoin</a></blockquote>



From the early outline, you can see Andreas will include topics for consumers, merchants,&nbsp;entrepreneurs, software developers, those interested in security, and those interested in&nbsp;Bitcoin’s future.



<figure class="wp-block-image"><a href="https://web.archive.org/web/20141026165707/http://bitcoinmagazine.com/wp-content/uploads/2014/03/masterbitcoin_mult.png"><img src="https://web.archive.org/web/20141026165707im_/http://bitcoinmagazine.com/wp-content/uploads/2014/03/masterbitcoin_mult.png" alt="masterbitcoin_mult" class="wp-image-11793"/></a></figure>



There is a nice discount available for purchasing multiple copies of the book if you desire to help your friends and family understand Bitcoin at their own pace.

The Bitcoin community has shown me that nothing can stop a group of people who are passionate in their beliefs. In our case, we believe everyone in the world deserves the right to financial freedom. My goal is to make sure everyone can see that this Bitcoin movement has the power to change the world for the better through every story we publish. Before working with Bitcoin Magazine I was involved in freelance writing, illustration, renders, making electronic music, and 3d print designs (http://www.behance.net/urbenz). I&#39;m also a married dude and a father of 2 who loves to have fun with his family, cook, and travel. Contact me by shooting a message to: ruben [at] bitcoinmagazine.com

Ruben Alexander

update: As people have noted in the comments, this book is not available for Bitcoin on the O&rsquo;Reilly site. Someone could buy a bunch and make the available as a temporary solution, or you can all email&nbsp;orders@oreilly.com&nbsp;and let them know they...

Mastering Bitcoin Book by Andreas Antonopoulos is Available for Pre-order

update: As people have noted in the comments, this book is not available for Bitcoin on the O&rsquo;Reilly site. Someone could buy a bunch and make the available as a temporary solution, or you can all email&nbsp;orders@oreilly.com&nbsp;and let them know they forgot to enable Bitcoin payments. A few months ago, Andreas Antonopoulos set out to publish the &uuml;ber&nbsp;Bitcoin book. This book would thoroughly cover every aspect of the first cryptocurrency so there would be no questions left to ask. He started by querying the Bitcoin community and asked them to fill in his outline&nbsp;here&nbsp;and asked to fill in any missing topics. Then also offered a survey to help him profile the potential readers of the book.This book is now available for pre-order on the&nbsp;O&rsquo;Reilly website.&nbsp;The 250 page book will sell for around $24 dollars for the ebook and $30 dollars for the print version. The ebook doesn&rsquo;t have an estimated release date, but the print book should be available August of this year. Mastering Bitcoin&nbsp;tells you everything you need to know about joining one of the most exciting revolutions since the invention of the web: digital money. Bitcoin is the first successful digital currency. It&rsquo;s instant, global, frictionless and it is changing money forever. Bitcoin is still in its infancy, and yet it has already spawned an economy valued at nearly $2 billion that is growing exponentially. -Mastering Bitcoin From the early outline, you can see Andreas will include topics for consumers, merchants,&nbsp;entrepreneurs, software developers, those interested in security, and those interested in&nbsp;Bitcoin&rsquo;s future. There is a nice discount available for purchasing multiple copies of the book if you desire to help your friends and family understand Bitcoin at their own pace.

Mastering Bitcoin Book by Andreas Antonopoulos is Available for Pre-order - Bitcoin Magazine

The Bitcoin community has shown me that nothing can stop a group of people who are passionate in their beliefs. In our case, we believe everyone in the world deserves the right to financial freedom. My goal is to make sure everyone can see that this Bitcoin movement has the power to change the world for the better through every story we publish. Before working with Bitcoin Magazine I was involved in freelance writing, illustration, renders, making electronic music, and 3d print designs (http://www.behance.net/urbenz). I'm also a married dude and a father of 2 who loves to have fun with his family, cook, and travel. Contact me by shooting a message to: ruben [at] bitcoinmagazine.com

update: As people have noted in the comments, this book is not available for Bitcoin on the O’Reilly site. Someone could buy a bunch and make the available as a temporary solution, or you can all email orders@oreilly.com and let them know they forgot to enable Bitcoin payments. A few months ago, Andreas Antonopoulos set out to […]

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andreas antonopoulos

BitMesh: Share Bandwidth for Bitcoin

Mastering Bitcoin Book by Andreas Antonopoulos is Available for Pre-order