Sending Bitcoin Transactions via Sound Waves

Sending Bitcoin Transactions via Sound Waves

The versatility of Bitcoin as a payment mechanism continues to impress me. Released from the shackles of governments and banks, money now has the ability to spread and be shared in ways we have yet to imagine. Here’s an interesting new(ish) one: You can send your Bitcoin transactions via sound waves. By simply allowing your mobiles microphone to listen to a “chirp”, all the required information for making the payment to the merchant or digital Bitcoin wallet is provided in a mere second or two. The information received in the broadcast would include the payment address, the amount to pay, and the label (Order ID, invoice number, description etc). Why use sound waves? Faster than taking a photo – Creates a faster payment then using a camera to scan a QR code. The transaction is instantly picked up by the receiver, and pre-fills in the Bitcoin address, amount and label. (Assuming the wallet has chirp integration) You don’t have a camera or NFC – Maybe it’s broken, maybe you don’t have one, or maybe you are safety conscious and don’t want your phones camera to be enabled. All working phones have an in-built microphone and speaker. Chirp In Action Chirp is a phone application available on iPhone and Android that uses sound to transmit information between devices. Although not Bitcoin integrated, it demonstrates the application of using sound as an information transmission medium. It is designed for quick and easy sharing between people in the same place. A ‘Chirp’ is like a tiny piece of music, and each chirp lasts about two seconds. “The system listens out for a...
Bitcoin and the Music Industry

Bitcoin and the Music Industry

If you haven’t heard of bitcoin yet, then you may want to get in the know. Bitcoin is a new technology developed by Satoshi Nakamoto, an anonymous figure who published the first bitcoin specification and proof of concept in 2009. Bitcoin can be viewed as cash for the internet, a global currency for the ever connected worldwide society we now find ourselves in. Bitcoin is a decentralised peer-to-peer payment network that is powered by its users, with no central authority or middleman. To offer a quick summary of Bitcoin, here is the definition provided on the Bitcoin.org website: “Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoin’s is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part.” Bitcoin can be a confusing topic for those new to the subject, especially if the little information they have has come from mainstream media. Mainstream media tend to focus on the negative news, such as price volatility, regulations and bans enforced by various countries, and of course the infamous crash of bitcoin exchange Mt Gox.Using mainstream media to formulate an opinion on bitcoin could be a bad idea, as the reporters likely have an extremely limited understanding of how bitcoin works, and are in the business of creating revenue through views and click-throughs, not enlightening the masses. At present governments worldwide are unsure on how to approach Bitcoin in terms of regulation, and how to define it; Is it currency? Is it an asset? Is it legal? etc....