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Keyword: bitcoin

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  • Bloomberg Op-Ed Calls For An End Of Cash

    01/31/2016 10:57:04 PM PST · by MarchonDC09122009 · 173 replies
    Zerohedge.com ^ | 01/31/2016 | Tyler Durden
    So It Begins: Bloomberg Op-Ed Calls For An End Of Cash http://www.zerohedge.com/news/2016-01-31/bloomberg-op-ed-calls-end-cash So It Begins: Bloomberg Op-Ed Calls For An End Of Cash Submitted by Tyler Durden on 01/31/2016 In a moment of curious serendipity, a little over 90 minutes after we showed what a dystopian, centrally-planned, cashless society unleashed in a negative interest rate world would look like ("by forcing people and companies to convert their paper money into bank deposits, the hope is that they can be persuaded (coerced?) to spend that money rather than save it because those deposits will carry considerable costs"), and briefly after we...
  • The decline of Bitcoin shows you can't engineer past government

    01/20/2016 7:04:50 AM PST · by C19fan · 10 replies
    The Week ^ | January 20, 2016 | Ryan Cooper
    One consistent idle daydream on the American right is somehow living outside of government. From Ayn Rand's "Galt's Gulch," where a bunch of plutocrats secede from America to gleefully watch society collapse without its job creators, to nutty Silicon Valley plans for "seasteading," somebody is always working on a government-free society. Over the last few years, many technology-minded thinkers and programmers have made such ideas a reality. Perhaps most notable is Bitcoin, the first fully decentralized currency and payment system. With big government interference all but impossible, surely this virtual money would be the dawn of a new age of...
  • Lead developer quits bitcoin saying it 'has failed'

    01/15/2016 3:55:40 PM PST · by BenLurkin · 14 replies
    reuters ^ | 01/15/2016 | Jemima Kelly
    Bitcoin slid by 10 percent on Friday after one of its lead developers, Mike Hearn, said in a blogpost that he was ending his involvement with the cryptocurrency and selling all of his remaining holdings because it had "failed". Hearn, one of five senior developers who has spent more than five years working on the web-based currency, said he would no longer be taking part in development. "Despite knowing that bitcoin could fail all along, the now inescapable conclusion that it has failed still saddens me greatly," Hearn said in his post on blog-publishing platform Medium. Along with Gavin Andresen,...
  • Bitcoin Best Practices: How A Newbie Can Neither Lose Coins Nor Fall Victim To Digital Theft (Op-Ed)

    01/15/2016 8:49:01 AM PST · by Another Post-American · 2 replies
    CoinTelegraph ^ | 01/15/16 | James Stallings
    I lost the first bitcoin I had, shortly after the first Mt. Gox compromise. If you haven't lost coin yourself, I'm sure you've heard of those who have. The reasons vary, but all come down in the end to a lack of experience and education. As we go about bringing bitcoinCT r: 7 more into use in our day-to-day lives, it becomes important to have a basic understanding of what bitcoin is, how it works, and how we can use it without putting our value at unnecessary risk. A very short primer on Bitcoin and the Blockchain Firstly, Bitcoin is...
  • 7 Emerging Trends For Bitcoin and the Blockchain

    01/14/2016 6:56:31 AM PST · by Another Post-American · 10 replies
    CoinDesk ^ | 1/14/16 | Daniel Palmer
    Over the holiday season, CoinDesk published a wide range of feature articles from experts and stakeholders in and outside of the bitcoin and blockchain industry. Billed as our 2015 Review, the series encouraged guest writers – including experts on law and finance, academics, entrepreneurs and even readers – to discuss the year past and the year ahead. Our contributors didn't always agree, but they did come up with a number of intriguing predictions, each influenced by their unique positions and experiences in the field. In this article, we've pared down that information to define seven key trends that could shape...
  • 2015 Was Do or Die for Bitcoin Miners But Promise Lies Ahead

    01/08/2016 10:14:02 AM PST · by Another Post-American · 2 replies
    CoinDesk ^ | 1/8/16 | David Carlson
    Dave Carlson is a software engineer and 10-year veteran startup entrepreneur. Beginning in 1999, Dave has played a primary role in several multimillion dollar startups and personal ventures. In 2010, Dave discovered bitcoin and soon after founded "decentralized" bitcoin mining firm MegaBigPower. 2015 continued the trend: as the price of bitcoin fell and mining difficulty rose, miners were forced to sell both their bitcoin holdings and newly mined bitcoins to cover operating expenses and fuel growth. This increased downward pressure on the price of bitcoin, and gives us all a painful reminder of how this network is designed with respect...
  • Ethereum Will Arrive (and 15 Other Blockchain Predictions for 2016)

    01/06/2016 7:32:58 PM PST · by Another Post-American · 8 replies
    CoinDesk ^ | 1/6/16 | Andrew Keys
    Andrew Keys is the director of communications of ConsenSys and co-founding member of ConsenSys Enterprise, the consulting group within ConsenSys. Previously, Andrew worked for UBS in equities analysis. Here, he offers 16 predictions for the blockchain and decentralized technologies sector in 2016. 1. Many who used the terms 'blockchain' or 'distributed ledger' will learn they actually meant Ethereum Ethereum will begin to demonstrate its power as less effort is required on the protocol (given the successful version 1.0 release on 31st July, 2015), and more development is focused on decentralized applications. Moreover, Ethereum browsers like Meta Mask and Mist and...
  • Amid Bitcoin Centralization Worries, Core Developers Start New Currency Called Decred

    12/27/2015 9:06:03 PM PST · by Utilizer · 19 replies
    Softpedia ^ | 28 Dec 2015, 01:33 GMT | Catalin Cimpanu
    Some of Bitcoin's core developers have left the project and are now starting their separate digital currency called Decred, promoting an open governance model, which they say is missing in Bitcoin. Few people know how Bitcoin works, and even fewer know who are the men and companies behind the cryptocurrency, and who takes the decisions. According to a press release put out by Company 0 LLC, formed by former Bitcoin developers, there are a few external entities that fund the actual development of the Bitcoin cryptocurrency, forming a power-group that is in sole command of the direction the currency takes.
  • Why Blockchain is Still a Decade from Mainstream

    12/12/2015 3:27:36 AM PST · by Another Post-American · 2 replies
    CoinDesk ^ | 12/12/15 | Chris Skinner
    hris Skinner is a banking and technology and technology veteran who serves as the chairman of the Financial Services Club, a group created in 2004 to address the future of companies that serve financial markets. I’m often asked how quickly the changes I outline will take place, and my answer is between 10 and 20 years. The building of the real-time, almost free financial network on the Internet using blockchain and mobile will take about a decade at least before it becomes mainstream. "Oh," some go. "That's a way off. Can we talk about something happening sooner?" That's an interesting...
  • Australian police raid Sydney home of reported bitcoin creator

    12/09/2015 8:39:49 AM PST · by C19fan · 15 replies
    Reuters ^ | December 9, 2015 | Byron Kaye and Colin Packham
    Australian police raided the Sydney home and office on Wednesday of a man named by Wired magazine as the probable creator of bitcoin and holder of hundreds of millions of dollars worth of the cryptocurrency, Reuters witnesses said. More than a dozen federal police officers entered a house registered on the electoral roll to Craig Steven Wright, whom Wired outed as the likely real identity of Satoshi Nakamoto, the pseudonymous figure that first released bitcoin's code in 2009. Locksmiths broke open the door of the property, in a suburb on Sydney's north shore. When asked what they were doing, one...
  • Reports Claim Satoshi Nakamoto Might Be 44-Year Old Australian

    12/09/2015 3:37:55 AM PST · by Another Post-American · 34 replies
    CoinDesk ^ | 12/9/15 | Stan Higgins
    New reports by Wired and Gizmodo may have identified the pseudonymous creator of bitcoin, Satoshi Nakamoto, as Australian entrepreneur Craig S Wright. WIRED cites "an anonymous source close to Wright" who provided a cache of emails, transcripts and other documents that point to Wright's role in the creation of bitcoin. Gizmodo cited a cache of documents sourced from someone claiming to have hacked Wright’s business email account, as well as efforts to interview individuals close to him. The news outlets further claimed that Dave Kleiman, a computer forensics expert who died in April 2013, played a significant role in the...
  • Expectations High For Blocksize Debate Ahead of Hong Kong Summit

    12/02/2015 10:02:43 AM PST · by Another Post-American · 4 replies
    Pete Rizzo ^ | 12/2/15 | CoinDesk
    Beneath the positive headlines – a record year for startup funding and growing interest from financial incumbents – there’s a sense of unease in the bitcoin industry over the now months-long debate on a proposed change to the protocol that governs what is to date the world’s most widely used and longest-running public blockchain. ADVERTISEMENT The debate will be given renewed life this weekend when some of the industry’s most influential, and most historically elusive, stakeholders gather in Hong Kong for two days of technical discussions as part of the second installment of Scaling Bitcoin, a development conference sponsored by...
  • Bitcoin in a Suit: Why the Tech's Big Battle is Already Won

    11/29/2015 6:33:21 PM PST · by Another Post-American · 18 replies
    CoinDesk ^ | 11/29/15 | John Biggs
    A week ago I was in Belgrade watching a panel on "blockchain." The makeup of the panel was typical: a young, plugged-in VC, an older banker guy and a crypto-anarchistic dude in a T-shirt. It was like watching a movie called "Bitcoin is Good And Bad" for the 50th time. I knew what was happening but I couldn't look away. The panel started normally - VC guy said he liked the blockchain specifically but was iffy about those bitcoins, the older gentleman said bitcoin was bad, but then the anarchist dude was quiet. He let the banker talk. The banker...
  • CoinTelegraph’s Weekly Top-5 News to Influence Bitcoin Price in the World

    11/23/2015 3:26:51 AM PST · by Another Post-American · 2 replies
    CoinTelegraph ^ | 11/23/15 | Nina Lyon
    Cryptocurrency price fluctuation depends greatly on related news and events around of the World. This week various events including the political proposal in Southeast Asia, a new service for US customers, the expansion of the largest global banks consortium to research distributed ledger technology and the rise of new platforms to make “BitcoinCT r: 6 Only” purchases have also had a great influence on the Bitcoin price. And here are some of them. Singapore Prime Minister Said National Banks Can Use Blockchain At the United Overseas Bank (UOB) 80th anniversary dinner, Lee Hsien Loong, Prime Minister of Singapore, commented that...
  • Core Developers Call for New Bitcoin Software Strategy at MIT

    11/19/2015 3:44:27 AM PST · by Another Post-American · 12 replies
    Coindesk ^ | 11/18/15 | Pete Rizzo
    Bitcoin Core developers Gavin Andresen, Cory Fields and Wladimir van der Laan expanded on their larger vision for development of the open-source bitcoin project at an event held yesterday by their new employer, MIT Media Lab. In the hour-and-a-half session, moderated by MIT Media Lab director Joi Ito, Andresen voiced his belief that bitcoin needs to evolve away from having one dominant software implementation, stating that he believes the project to be in the midst of this transition. The remark comes amid a larger debate focused on updating bitcoin’s software to allow for a greater number of transactions to be...
  • Nobel Prize Committee to 'Discuss' Bitcoin Creator's Nomination

    11/11/2015 1:45:07 PM PST · by Another Post-American · 24 replies
    Coindesk ^ | 11/11/15 | Stan Higgins
    The prize committee for the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel – known more commonly as the Nobel Prize in Economics – is set to discuss the nomination of bitcoin creator Satoshi Nakamoto. The move comes days after UCLA finance professor Bhagwan Chowdhry penned an op-ed in The Huffington Post stating his intention to nominate Nakamoto for the prize. In his widely-covered article, Chowdhry wrote that Nakamoto deserves the prize because his invention, bitcoin, is "nothing short of revolutionary". Following its publication, however, some observers raised the question of whether Chowdhry violated nomination rules by...
  • US Justice Department Holds Blockchain Summit in San Francisco

    11/10/2015 3:20:11 AM PST · by Another Post-American · 3 replies
    Coindesk ^ | 11/10/15 | Pete Rizzo
    The US Department of Justice (DOJ) convened a first-of-its-kind conference on digital currency and the blockchain in San Francisco today. According to the agency, the goal of the event was to unite the private and public sector in discussions centered on strategies for limiting cybercrime perpetrated with the emerging technologies. The unpublicized event, organized by the DOJ’s Digital Currency Task Force and held at the Federal Reserve Bank in San Francisco, saw 175 industry participants engage in panel discussions that sought to emphasize its core theme from the point of view of entrepreneurs, law enforcement officials and regulators. Though no...
  • Europeans Can Now Receive Their Paycheck in Bitcoin

    11/09/2015 2:05:18 AM PST · by Another Post-American · 12 replies
    Coin Telegraph ^ | 11/9/15 | Joseph Young
    Europe-based bitcoinCT r: 3 services provider Cashila has recently released a Bitwage-like Euro-to-Bitcoin payroll system, allowing European employees to request their wages to be paid in bitcoin through a simple bank or SEPA payment. The payment process of the sender or the employer will stay the exactly the same. On the Cashila platform, the receiver will create a payroll request with the inclusion of necessary bank details, including specific reference number, IBAN Bank account number, payment amount, etc. Once completed, employees and freelancers can export the invoice as a PDF or send it via email to their employers and wait...
  • Biggest Bitcoin Exchange OKCoin Suffers Cyber Attack; Price Plummets

    11/05/2015 8:10:12 AM PST · by Another Post-American · 14 replies
    Coin Telegraph ^ | 11/5/15 | Joseph Young
    The world’s largest bitcoin exchange OKCoin has suspended some of its services indefinitely, following a malicious cyber attack from unknown hackers. Due to an increasing number of complaints on bitcoin forums and panels including Bitcointalk.org and Bitcoin Reddit, OKCoin, which processes almost 40% of all bitcoin trades, announced to its users: “OKCoin is currently suffering from malicious cyber attacks and as a result, some services may be suspended, Sorry for the inconvenience.”
  • Why the value of bitcoin is on an absolute tear

    11/04/2015 10:34:17 AM PST · by Another Post-American · 26 replies
    Marketwatch ^ | 11/4/15 | Mark Decambre
    Bitcoin is enjoying one of its best rallies in years. The digital currency, which has registered a series of records over the past several days, marked a fresh high Wednesday, when it surpassed $490 for the first time since September 2014, according to data from Coindesk, a bitcoin price index. Read: Is bitcoin a better investment than gold? Bitcoin, which was at $491.77, according to Coindesk early in New York, has soared more than 22% so far on Wednesday and has climbed 72% over the past three months, as the chart below illustrates:
  • Bitcoin Risks and Skepticism

    11/03/2015 10:08:42 AM PST · by Another Post-American · 24 replies
    Me ^ | 11/3/15 | Another Post-American
    BITCOIN RISKS AND SKEPTICISM With bitcoin skyrocketing again (up 16.44% in the last 24 hours as I write this, per Coinmarketcap.com) I wanted to outline reasons to be cautious about getting involved with Bitcoin. Bitcoin is a revolutionary advance in financial technology, but there is a learning curve involved and many serious pitfalls for unwary users. This will not be a general primer on bitcoin or how it works. I'll field any questions on those lines to the best of my ability, but first and foremost I want to give people a list of risks to consider before investing or...
  • Could Bitcoin Become Major Reserve Currency?

    11/03/2015 8:27:03 AM PST · by Another Post-American · 28 replies
    Sky News ^ | 11/3/15 | Anonymous
    The value of digital currency Bitcoin has soared 70% - and analysts think it could become one of the world's major reserve currencies within 15 years. The cryptocurrency has made big gains over the past two months, since it hit a low of $213 (£138) in August. But as it's currently trading at $370 (£240), it's nowhere near its early-2014 peak of $1,100 (£715). Some have speculated that Bitcoin interest from MasterCard and Bain Capital Ventures has legitimised the currency, which is the payment method of choice on the dark web. Others say it could be down to people using...
  • The Reason For Bitcoin's Recent 60% Surge Revealed

    11/02/2015 8:45:53 PM PST · by Another Post-American · 26 replies
    Zero Hedge ^ | 11/2/15 | Tyler Durden
    It was precisely two months ago, on September 2nd, when we explained that as a result of China's recent currency devaluation, in order to mitigate the inevitable capital outflows that such an FX move would unleash, China was "scrambling to enforce capital controls" in order to prevent the exit of hot (and not so hot) money from China's economy. We then said the following to explain why "this is great news for bitcoin": Which is why we would not be surprised to see another push higher in the value of bitcoin: it was earlier this summer when the digital currency,...
  • MoneyGram: Bitcoin Will Fail to Disrupt Remittances

    11/02/2015 1:56:19 PM PST · by Another Post-American · 13 replies
    Coindesk ^ | 11/2/15 | Pete Rizzo
    About halfway through the conversation at Money20/20, discussion turns to Kodak. It’s not without merit. The photography giant once boasted more than 145,000 employees and $16bn in global revenues, but its empire all but crumbled due to rise of digital photography. To digital currency proponents, this shift has been held up as an example of what happens when incumbents fail to innovate when new technologies lead to the creation of new behaviors. In the face of tech that enables value to be sent at a low cost across national borders, industry supporters have long argued remittances are the first and...
  • The trust machine

    10/29/2015 9:16:43 PM PDT · by Another Post-American · 8 replies
    The Economist ^ | 10/31/2015 edition | Jon Berkeley
    BITCOIN has a bad reputation. The decentralised digital cryptocurrency, powered by a vast computer network, is notorious for the wild fluctuations in its value, the zeal of its supporters and its degenerate uses, such as extortion, buying drugs and hiring hitmen in the online bazaars of the “dark net”. This is unfair. The value of a bitcoin has been pretty stable, at around $250, for most of this year. Among regulators and financial institutions, scepticism has given way to enthusiasm (the European Union recently recognised it as a currency). But most unfair of all is that bitcoin’s shady image causes...
  • China (Unofficially) Authorizes Bitcoin, Price Turns Bullish [UPDATE]

    10/28/2015 9:19:31 AM PDT · by Another Post-American · 4 replies
    Coin Telegraph ^ | 10/27/15 | Joseph Young
    UPDATE: CoinTelegraph has been informed that the annoucement, on which the following article is based, was originally published in People's Daily, the official newspaper of the Chinese Communist Party with the CAC reposting it on their website. So while the article doesn't represent the opinion of the CAC, the People's Daily is a major publication in China, whose main readers are Chinese officials. *** While many media outlets and financial experts have pointed to the large influx of funds from China to Western bitcoin exchanges as the cause of the recent bitcoin price spike, Chinas Internet watchdog has announced that...
  • Visa Debuts Bitcoin Proof-of-Concept for Car Leasing

    10/27/2015 4:57:24 PM PDT · by Another Post-American · 23 replies
    Coindesk ^ | 10/27/15 | Stan Higgins
    Visa and DocuSign unveiled a new proof-of-concept this week that leverages the bitcoin blockchain for recordkeeping. The project, outlined in a 26th October blog post and debuted at Money20/20 in Las Vegas, focuses on digitizing the process of leasing a car. Bitcoin transactions are used to create a digital fingerprint for each vehicle, with new transactions published throughout the leasing process. "From the driver's seat, the customer then chooses the lease options for the car low, mid or high mileage, for example and DocuSigns the leasing contract right there and then. This is all in turn updated on the...
  • Top 10 Benefits Bitcoin Provides New Users

    10/25/2015 3:01:04 PM PDT · by Another Post-American · 23 replies
    Coin Telegraph ^ | 10/25/15 | Evander Smart
    1. The worlds easiest bank account to open When you are the bank, accounts are just so easy to open! With Bitcoin, you dont need a bank or credit. No credit check, ID, age requirement, citizenship papers, or passport are needed to have a Bitcoin wallet or any bitcoin. If you control your money and bank account, you have true economic freedom. Bitcoin gives anyone this option. Your 10-year old child can forget piggy banks (unless its bitcoin-powered) and start their own digital empire today! Have your own Bitcoin address, QR code, receive your first deposit, and buy something with...
  • Bitcoin in the Headlines: VAT Galore

    10/24/2015 8:00:19 PM PDT · by Another Post-American · 15 replies
    Coindesk ^ | 10/24/15 | Yessi Bello Perez
    Mainstream outlets from across the world reported the sentencing of rogue Drug Enforcement Agent Carl Mark Force to 78 months in prison this week, and in so doing brought bitcoin's association with illicit activity and the darknet back to the fore. More positive coverage came in the form of the European Court of Justice's bitcoin VAT exemption, with some outlets exploring its effect on the digital currency's rising price. Elsewhere, the creation of a discussion forum by a group of digital currency companies and US law enforcement agencies caused a ripple of excitement among the mainstream press. What else has...
  • Orthodox Church Calls for Alternative Financial System in Russia

    08/12/2015 11:24:38 AM PDT · by marshmallow · 10 replies
    The Moscow Times ^ | 8/11/15 | Anastasia Bazenkova
    As the Russian economy reels from low oil prices and Western sanctions, the country is seeing rising interest in unorthodox financial solutions, most recently one pitched by the Orthodox Church. Last week, the Russian Chamber of Commerce and Industry threw its support behind a so-called Orthodox Financial System developed under the aegis of the Moscow Patriarchate and strongly resembling the better known Islamic financial system. "The Chamber of Commerce and Industry supports the creation of the Orthodox Financial System and is ready to provide its platform for detailed and professional discussion of these questions together with the relevant committees...
  • Bank of America stops wire transfers and U.S. dollar bank drafts to Belize

    08/12/2015 5:02:10 AM PDT · by Oshkalaboomboom · 22 replies
    CuencaHighLife ^ | 12 Aug 2015 | CuencaHighLife
    Bank of America issued a statement July 28, halting Atlantic International Bank wire transfers, U.S. dollar bank drafts, and foreign currency transfers to and from Belize. chl bofaAccording to the statement, Bank of America is exploring options for the flow of incoming and outgoing wires and hopes to find a solution to the issue. The issue is called de-risking and is in compliance with the regulations currently imposed on Caribbean and Central American regions by large U.S. and European banks. This process has severed ties with several smaller banking institutions. The move caught U.S. expats in Belize by surprise and...
  • The bitcoin drug baron: Mother thought her 'gentle son' was making video games on his laptop...

    06/21/2015 4:57:48 AM PDT · by Mycroft Holmes · 12 replies
    Daily Mail ^ | 16:01 EST, 20 June 2015 | ANNETTE WITHERIDGE
    Ross Ulbricht was jailed for life after he was accused of being Dread Pirate Roberts who ran online black market site But his horrified mother Lyn claims there has been a miscarriage of justice and is fighting for his freedom In a revealing interview she described her 'gentle' son as an idylistic graduate with little money But she says he was branded as a cyber-criminals by a legal system that rode roughshod over natural justice
  • WHERE WAS THE VOTE WHETHER WE WANTED A WOMAN ON THE $10 BILL OR NOT ???

    06/18/2015 6:25:13 PM PDT · by knarf · 59 replies
    self ... way deep down self | June 18, 2015 | knarf
    Why haven't I seen a thread asking that question ?
  • This newly declared microcountry wants to become the world's foremost tax haven

    04/22/2015 2:54:26 PM PDT · by SeekAndFind · 38 replies
    Business Insider ^ | 04/22/2015 | Ryan Gorman
    The world’s newest microcountry wants to become its foremost tax haven. Liberland, which sits on 2.7 square-miles of land along the Danube River between Serbia and Croatia, was founded earlier this month and plans to have only voluntary taxes. "We don’t want the state to take money from the people," Vít Jedlička, a native of Prague and Liberland's new president, told Business Insider in a phone interview. "We want to have voluntary taxes." Elected into office by a three-person committee, Jedlička says he started Liberland to “turn the concept of a state upside down.” After working as a financial analyst...
  • Ex-Feds Accused Of Pocketing Bitcoins During Investigation

    03/30/2015 2:32:11 PM PDT · by Theoria · 9 replies
    NPR ^ | 30 March 2015 | Krishnadev Calamur
    Two former federal agents accused of stealing bitcoins have been charged with wire fraud, money laundering and related offenses, the U.S. Justice Department said in a statement. Carl Force, a former special agent with the Drug Enforcement Administration, and Shaun Bridges, a former Secret Service special agent, were both part of a Baltimore task force investigating Silk Road, the online marketplace often labeled the eBay of the drug trade. Force was given the task of establishing communications with Ross Ulbricht, aka "Dread Pirate Roberts," the San Francisco man who has been linked to Silk Road. Ulbricht was convicted last month...
  • Rand Pauls claim twice in one day that he has a biology degree

    03/20/2015 2:53:23 PM PDT · by thetallguy24 · 72 replies
    Washington Post ^ | 02/13/2015 | Glenn Kessler
    I have a biology degree, okay? Sen. Rand Paul (R-Ky.), in remarks at the Lincoln Labs Reboot Congress conference, Feb. 12, 2015This column has been updated with an additional explanation by Pauls spokesman.We first spotted a version of this quote in a Bloomberg column by David Weigel, and then checked the quotes with our colleague Jose DelReal, who had attended the conference.This is a bit of an odd one, given that Paul does not have a college undergraduate degree.The Facts Paul mentioned his alleged degree at the conference not once, but twice. First, in an exchange with TechCrunch founder Michael...
  • Ethereum, IT Dreamed Up By a Wunderkind 19 y.o. That Could One Day Transform Law, Finance & Society

    03/19/2015 11:50:14 PM PDT · by 2ndDivisionVet · 16 replies
    Reason Magazine's Hit & Run Blog ^ | March 19, 2015 | Jim Epstein
    Ethereum, the brainchild of wunderkind software developer Vitalik Buterin, who was just 19 when he came up with the idea, is the most buzzed-about project right now in the cryptocurrency community. It has attracted an all-star team of computer scientists and raised $18.4 million in a crowdfunding campaignthe third most successful of all time. And now, according to the official Ethereum blog, it's on the verge of being rolled out to the public. Ethereum's developers use a rolling ticker tape of bold tag lines to describe what they're creating, including a Social Operating System for Planet Earth, and the Upcoming...
  • Alphaseed Project Looks to 3D Print Entire Ocean Cities in International Waters (Sovereign States)

    03/15/2015 1:55:50 PM PDT · by 2ndDivisionVet · 6 replies
    3D Print ^ | March 11, 2015 | Eddie Krassenstein
    In the short amount time that we have been covering this industry, we have reported on many amazing 3D printing related projects being undertaken by various individuals and companies around the globe. There have been 3D printed cars, 3D printed apartment buildings, and even an entire 3D printed estate that is expected to be erected in New York sometime this year. However, when we were contacted by a man named Tops Nicol, the research founder of the Alphaseed project, we were truly blown away.  “Science is fascinating and its latest growth in all branches of scientific research has helped...
  • Beijing has a bitcoin problem on its hands: Sending money overseas to circumvent gov't control

    03/14/2015 10:58:19 AM PDT · by SeekAndFind · 7 replies
    South China Morning Post ^ | 03/14/2015 | William Pesek
    As if Zhou Xiaochuan didnt have enough to worry about, the central bank governor now has a bitcoin problem on his hands. In a new report, Goldman Sachs says the yuan is now used in 80 per cent of transactions into and out of the cyber currency, topping the US dollar, yen and euro. Given that the Communist Partys highest priority is stability, and the rampant use of bitcoin represents nothing if not the opposite, its probably only a matter of time until Beijing tries to crack down. It wouldnt be the first time. In December 2013 at a...
  • Bitcoin Crime Wave Breaks Out in NYC: firefighter kidnapped, robbed and stabbed by crypto thieves

    02/21/2015 4:31:58 AM PST · by 9thLife · 16 replies
    Observer ^ | 02/20/15 9:54am | Jack Smith IV
    Bitcoin is growing in popularity as a way of quickly and safely moving money. But that also makes the job of a thief much more lucrative and efficient. (Photo: Getty) Bitcoin, the technology thats meant to revolutionize the way we think of money, is simultaneously revolutionizing the way we get mugged. A New York City firefighter named Dwayne Richards was recently held up, stabbed and robbed by thieves who were after his bitcoin, the Observer has learned. From what weve discovered, Mr. Richards, who is a firefighter in lower Manhattan, was mugged and left bleeding after meeting the robbers under...
  • $386M allegedly missing, as investors fear bitcoin Ponzi

    02/09/2015 8:26:35 PM PST · by CutePuppy · 47 replies
    CNBC ^ | 2015 February 08 | Everett Rosenfeld
    Hong Kong-based bitcoin exchange MyCoin has allegedly shut its doors and stolen HKD 3 billion ($386.9 million) in the process. The South China Morning Post reported Monday that 30 MyCoin clients approached a local lawmaker with complaints that the company had fled with funds from up to 3,000 investors. The reports coming out of Hong Kong would seem to indicate that there may have been a Ponzi scheme at play. "No one seems to know who is behind this," a woman surnamed Lau, who said she lost HKD 1.3 million, told the paper. "Everyone says they, too, are victims ......
  • Winklevoss Twins Look To Legitimize Bitcoin With A Regulated US Exchange

    01/27/2015 11:01:02 PM PST · by zeestephen · 9 replies
    TheVerge.com ^ | 23 January 2015 | Chris Welch
    Tyler and Cameron Winklevoss think they have the answer to Bitcoin's rocky 2014 and tumbling value: a "fully regulated" Bitcoin exchange based in the United States..."A growing number of US investors, traders, financial institutions and businesses wanted to get involved with bitcoin directly, but had no options other than to trade overseas or sit on the sidelines."
  • The bitcoin bubble has burst but the real excitement is yet to come

    01/21/2015 4:30:58 PM PST · by 9thLife · 23 replies
    Today I want to consider the outlook for bitcoin. 2014 was its worst year on record. It fell by 67%, from $800 to $320 a coin. In doing so, it beat the likes of the Russian rouble and the Ukrainian hryvnia, to the dubious honour of being the worlds worst-performing currency. You know what the worlds best-performing currency was by the way? Nope, not the US dollar, but the Somali shilling. Yup. It surprised me too. Anyway, back to bitcoin The bursting of the bitcoin bubble So far, 2015 has not been any better than 2014 for bitcoin. At one...
  • Former Plumber Gets 4 Years for Silk Road Connections

    01/21/2015 1:37:23 PM PST · by Citizen Zed · 4 replies
    Bitcoin News Service ^ | 1-21-2015 | Nick Marinoff
    Things are really starting to heat up regarding the Silk Road marketplace (as if things already werent hot enough). Following the start of Ross Ulbrichts trial last week, a bitcoin trader has been sentenced to four years in prison due to his unveiled connections to the underground illegal market. Robert M. Faiella (who often operated under the code name BTCKing) has recently pled guilty to operating an illegal money transmission business. Often times, the business saw to the exchange of fiat currency for bitcoins, which would then be used to purchase drugs and other items from Silk Road. Faiella, a...
  • Bitcoin price plunges, prompting concerns about mining activity

    01/14/2015 11:30:48 AM PST · by BenLurkin · 14 replies
    marketwatch.com ^ | Jan 14, 2015 12:49 p.m. ET | Michael J. Casey
    providers of its core computing infrastructure to shut down operations. The selloff, which appears to have been exacerbated when Asian traders were forced to meet collateral demands under margin trading rules, left bitcoin down 14.49% at $194.04 in the late New York morning Wednesday, following a 15.02% plunge Tuesday, according to news service Coindesk. The digital currency is now down 39% from Dec. 31 alone and is off 83% from the all-time high of $1,165 that it hit at the end of a furious rally in November 2013. ... On Monday, CEX.io, a company that mines bitcoins on behalf of...
  • Whats the worst performing currency of 2014? Its Bitcoin

    12/30/2014 6:54:17 PM PST · by Mad Dawgg · 42 replies
    FoxNews.com ^ | December 30, 2014 | Mike Flacy
    Plummeting downward by approximately 56 percent over the last 12 months, Bitcoin was recently crowned as the worst performing currency of 2014 according to Bloomberg. During early December 2013, the digital cryptocurrency was trading around $1140 and started falling to around the $850 range during early January 2014. As of this month, Bitcoin is being traded at the $320 level. However, this value is still higher than the value of the cryptocurrency prior to November 2013. Other poorly performing currencies of 2014 include the Ukraines hryvnia and Russias ruble.
  • Man embeds computer chips in hands to store Bitcoin [Mark of the Beast?]

    11/11/2014 6:44:51 AM PST · by Red Badger · 31 replies
    www.telegraph.co.uk ^ | 3:41PM GMT 10 Nov 2014 | By Matthew Sparkes, Deputy Head of Technology
    By implanting 12mm glass computer chips in his flesh Martijn Wismeijer has been able to store Bitcoins inside his body, create a personalised alarm clock and will even be able to install keyless doors in his home. But how painful is the injection? A Dutch entrepreneur has had two wireless computer chips implanted under the skin in his hands to allow him to store digital currencies like Bitcoin inside his body. Martijn Wismeijer is the founder of Mr Bitcoin, a company which installs and operates crypto-currency cash machines in and around his native Amsterdam and across Europe. This month he...
  • Bitcoin Tumbles - Are Investors Losing Faith?

    10/06/2014 1:02:41 AM PDT · by zeestephen · 13 replies
    MSN.com ^ | 06 October 2014 | Katie Holliday
    Bitcoin lost nearly a fifth of its value over the weekend, raising concerns that investors are losing faith in the cryptocurrency...Prices fell to a year-to-date low of $290.83 on Sunday...Prices are down 73 percent from their all-time high of $1,147 hit on December 4, 2013.
  • Could Bitcoin Become Scotlands Official Currency?

    09/18/2014 2:31:35 PM PDT · by 2ndDivisionVet · 19 replies
    Mother Jones ^ | September 16, 2014 | Josh Harkinson
    A reliable medium of exchange is the biggest obstacle to Scottish independence. Enter the world's leading crypto-coinage.With Thursday's Scottish independence referendum too close to call, opponents of an independent Scotland have been stressing the would-be country's lack of a reliable currency. An independent Scotland could either keep using the British pound and lose control of its monetary policy, join the eurozone's well-known squabbles, or create a new national currency that's almost certain to be weak. But there's an intriguing fourth option: adopting an online crypto-currency such as Bitcoin. Scotland actually has some historical experience with this sort of thing: Instead...
  • This Site Says It Will Tell If Your Gmail Password Was Hacked [But is it legit?]

    09/11/2014 9:18:25 AM PDT · by SeekAndFind · 16 replies
    Business Insider ^ | 09/11/2014 | Julie Bort
    As you may have heard, Russian hackers have published the passwords for roughly five million Gmail accounts. This follows the publication of millions of passwords for two of Russia's largest email services, Yandex and Mail.Ru.Chances are, your account is not one of the hacked Gmail accounts, because that figure of five million represents only a fraction of the number of Gmail accounts that are active in the world. For instance, the Gmail app has been downloaded one billion times to Android devices.Even back in 2012, Gmail had 350 million users.But a group of programmers have decided to help you check...