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CoinFest, the world’s first decentralized currency convention, has announced the launch of CoinFest 2016, claiming more than 20 cities already planning to participate.
With the recent downward spiral of the ruble (the fiat money printed by Central Bank of Russia), some have wondered whether Russians are flocking to bitcoins to save their wealth.
When CoinFest started in 2013 as a relatively small gathering of 100 or so Bitcoiners, celebrating the adoption of Bitcoin at a Waves Coffee House in Vancouver, it was conceived as a way to incentivize cryptocurrency acceptance while educating the public about its importance and use. Its popular success prompted the Bitcoiniacs (now CoinTrader) to place the world’s first Bitocin ATM there.
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