The consortium will move much of that oil through the nearly complete BTC pipeline from Baku, Azerbaijan to Ceyhan, Turkey.

FORBES: It's All About Azerbaijan

For him, the appeal of paying in BTC is even more pragmatic.

FORBES: Day 7.

The firm is auctioning the property for BTC Bank, a community bank that took control of the property about a year ago.

WSJ: Plots & Ploys: So Long, Solow

Technology news website Ars Technica reported that Bitcoinica suffered a loss of more than 43, 000 BTC in a security breach in March.

BBC: Bitcoin users sue over funds lost in site attack

The only fee is the .0005 BTC that Foodler pays to the computational miners passing the currency around to helps its transactions be processed faster.

FORBES: Living On Bitcoin For A Week: Transportation Woes

Yesterday, after I published my first story, people sent me links to lots of different professionals accepting BTC: a defense attorney in Houston , an intimacy psychotherapist in Berkeley and a chiropractor in Alameda.

FORBES: Living On Bitcoin For A Week: Transportation Woes

The winner of the race gets to add its block to the blockchain, and in that block it can credit itself a fixed number of new bitcoins (currently 25 BTC) as a reward for participating in this process.

FORBES: Four Reasons Bitcoin Is Worth Studying