Think bitcoin is dead? Here’s why it’s making a comeback

Across the street from the gleaming glass facade of the Tel Aviv Stock Exchange sits a modest storefront where nine men in their 20s and 30s are holding a meeting.

Some of the men are wearing dress shirts while others sport Birkenstocks and beards, but they don’t look like revolutionaries. Yet if you spend a few hours in their presence, you realize that they are the closest thing the tech world has to a movement with a vision for changing the world.

It’s the June meeting of the Israel Bitcoin Association, held at the Tel Aviv Bitcoin Embassy.

“We need to educate and lobby the government about bitcoin,” says Eden Schochat, a partner at the Aleph Venture Capital firm, which has invested in at least one bitcoin startup, COLU. “If we could get (Prime Minister Benjamin) Netanyahu to say something positive about bitcoin, that would be a great start.”

Inside Tel Aviv's Bitcoin Embassy (Courtesy)

Inside Tel Aviv’s Bitcoin Embassy (Courtesy)

In August 2014, the Bank of Israel formed a committee to study the bitcoin issue; it has yet to issue any guidelines.

But the men gathered at the Bitcoin Embassy

Read more ... source: TheBitcoinNews