May 2012
20 posts
22 tags
Forbes - Lex Mercatoria: Self-Regulation and... →
bitcoinnews:
Forbes columnist Jon Matonis (@JonMatonis) describes essentially how Bitcoin and its community are managing through setbacks that would otherwise devolve into law enforcement actions, lawsuits, and government regulation. Excerpts:
“Bitcoin entities and their customers currently operate under their own brand of lex mercatoria to enforce accountability.” “We are actually in the...
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The Bitcoin Trader - Bitcoin's Liquidity: A Third... →
bitcoinnews:
GoWest of The Bitcoin Trader (@GoWestBTC) looks at how much sway $50K USD has when buying or selling bitcoins today versus previous points in time. Excerpts:
“The market is looking considerably more stable. Today, a $50,000 purchase would only move the price from $5.11 to $5.16, a 1% increase.” “The Bitcoin market has clearly matured significantly, making it increasingly stable...
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Anonymous asked: who can I use to buy bit coins with my cell phone
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Slideshow - The Evolution of E-Money →
bitcoinnews:
Jon Matonis (@JonMatonis) presented this slideshow on E-Money and Bitcoin at ITWebSec in Johannesburg, South Africa:
- http://slidesha.re/JlbfHQ
Previous Posts
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Bitcoin Magazine - Adam Kokesh on Bitcoin and Free... →
bitcoinnews:
Ryan Taylor asks Adam Kokesh (@AdamKokesh) some questions in a post on Bitcoin Magazine. Excerpts:
“Adam: Bitcoin kind of throws a lot of people like us for a loop and we go “Wait, wait, wait a second! It’s just another fiat currency, right?” because there’s nothing backing it.” “Adam: Bitcoin is proving itself, at least in this controlled market, as an alternative, to be...
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Déjà vu? Bitcoinica To Require Customers To Verify... →
The founder of Bitcoinica, Zhou Tong, explains in a forum post what will happen going forward following the firm’s recent security incident, the second of which that resulted in major amounts of the company’s bitcoins being stolen. Excerpts:
We are building an account claim page. You can submit your account information, financial information (balances) and trading information to...
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Forbes - The Somali American Remittance Dilemma →
bitcoinnews:
Jon Matonis (@JonMatonis) describes how Bitcoin can come to the rescue for Somalis in Minnesota who have been barred from making the small regular transfers to their family members in Africa. Excerpts:
“Instead of trying to comply [with regulations], [banks] are electing to opt out so as not to encounter heavy federal fines. It sure would be nice if the world had a decentralized...
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Bitcoin version 0.6.2 released →
A new version of the Bitcoin-Qt and Bitcoind clients from Bitcoin.org, v0.6.2, includes a number of bug fixes and and performance improvements.
http://bitcoin.org/releases/2012/05/08/v0.6.2.html
http://sourceforge.net/projects/bitcoin/files/Bitcoin/bitcoin-0.6.2
http://bitcointalk.org/index.php?topic=80187.0
Previous Posts
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Forbes - Bitcoin Funded Debit Cards →
bitcoinnews:
Jon Matonis (@JonMatonis) writes in Forbes about the ability to add funds to a credit card (just like what might happen when getting a refund from a merchant). Excerpts:
“[This feature] leverages a little-known type of transaction that is available on the VisaNet system called ‘Original Credit Transaction’. The other major card payment networks have a similar feature too.”...
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Matthew Green: The future of electronic currency →
bitcoinnews:
Cryptographer Matthew Green (@Matthew_D_Green) provides a brief background into e-cash and an overview of the problems that e-cash must solve once money goes digital. Excerpts:
“The combination of easy-to-search electronic records and big data seems like a death-knell for our individual privacy. Cryptography holds the promise to get some of that privacy back, if we want it.”...
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Study: Unprotected Bitcoin nodes vulnerable to... →
bitcoinnews:
A study by researchers released today finds that vendors not taking proper precautions could be vulnerable to double spending when accepting bitcoins as payment immediately.
The title of the paper is “Two Bitcoins at the Price of One? Double-Spending Attacks on Fast Payments in Bitcoin” and is believed to be the first formal study on the race attack double spending problem on the...
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Bitcoin Magazine - Bitcoin in the Non-Western... →
bitcoinnews:
Vitalik Buterin published an article in Bitcoin Magazine (@BitcoinMagazine) which describes how Bitcoin has many similarities to payment methods already widely used in the developing world. Excerpts:
“[In the West when using a debit card online] you have to effectively give the provider unlimited access to your bank account, protected only by the assurance that you have the option...
April 2012
17 posts
15 tags
Market Monetarist: Bitcoin can solve Zimbabwe's... →
In the Market Monetarist (@MaMoMVPY) blog is the “Good E-Money” post that describes how there is a very specific problem in the world where Bitcoin might uniquely be the solution. Excerpts:
[There is] a very visible monetary disequilibrium [in Zimbabwe] – the demand for coins simply is outpacing the supply of coins. As a consequence Zimbabwe is now struggling with a...
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Forbes - Be Your Own Bank: Bitcoin Wallet for... →
bitcoinnews:
Jon Matonis (@JonMatonis)’ latest article in Forbes covers the release of the Blockhain app for Apple products. Excerpts:
“Be your own bank? There’s an app for that”. “Run by Ben Reeves, the small company has released several reliable services and products for the thriving bitcoin community including charts, statistical data, the web-based My Wallet, an Android wallet app, and most...
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GeekWire - Bitcoin Startup CoinLab Lands Funding →
bitcoinnews:
Todd Bishop (@ToddBishop) in a post on GeekWire reports that Coinlab (@CoinLab) has raised $500K in seed funding. Excerpts:
“CoinLab has raised $500,000 in seed funding from a group of prominent angel investors, including Silicon Valley venture capitalist Tim Draper, Seattle’s Geoff Entress and others”. “Under the plan, game makers will offer their users a chance to voluntarily...
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Guardian - Hacktivists in the frontline battle for... →
The Guardian describes the battle for the Internet and references how hacktivists are using Bitcoin to do so.
John Perry Barlow (@JPBarlow), co-founder of the EFF (@EFF), was quoted as saying:
What unites [Occupy movement, Pirate Party and other online activists] is the belief that the future is not about vertical, hierarchical government, but horizontal [peer-to-peer] government.
Amir Taaki...
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Erik Voorhees: Bitcoin - The Libertarian... →
bitcoinnews:
A longtime Bitcoin evangelist Erik Voorhees (@Evoorhees) and member of The Free State Project weigh in with his take on Bitcoin from his political perspective. Excerpts:
“Bitcoin means complete ownership of money both in storage and transfer. Nobody can prevent you from having it. Nobody can prevent you from spending it. Even if one’s home is broken into, or even if the government...
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WatchKeiser Report: Getting Zhoutonged and Paying Salaries In Bitcoin
Episode 272 of the Keiser Report (@KeiserReport) is nearly entirely Bitcoin related. Stacy Herbert (@StacyHerbert) describes points brought up in the recent Reuters article and increases our vocabulary by sharing what is meant by getting “zhoutonged” (wiped out financially). In the second half of the show Max...
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Bitcoin, Money and Free Banking →
On The Market Monetarist website is a guest post by Lasse Birk Olesen titled Bitcoin, Money and Free Banking. Excerpts:
The inherently decentralized and semi-anonymous nature of Bitcoin makes it hard to regulate. You cannot punish a violator of your country’s laws if you do not know who he is. And you cannot shut down a system if it doesn’t have a point of attack.
This means that Bitcoin will...
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Jerry Brito: A Shift Toward Digital Currency →
Jerry Brito (@JerryBrito) wrote an op-ed in the NY Times describing why a decentralized digital currency matters. Excerpts:
Moving away from paper notes and coins and toward a digital currency is a no-brainer, at least when it comes to cost and efficiency. But when it comes to privacy and freedom, cash can’t be beat. We must ensure that we protect our civil liberties by preserving some...
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Jon Matonis: Watch Bitcoin Robbery in Slow Motion →
Forbes columnist Jon Matonis (@JonMatonis) describes how Bitcoin transactions are traceable by showing the trail of the coins stolen during the Linode hack last month. Excerpts:
The public and transparent nature of the bitcoin transaction ledger ensures that all transactions are known by date, time, amount, and block number although not necessarily by the who or the where.
The slow motion heist...
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Reuters - Bitcoin, the City traders' anarchic new... →
Reuters journalist Naomi O’Leary (@NaomiOhReally) had been researching Bitcoin since at least February weighs in with her overview of Bitcoin. Excerpts:
Workers at Morgan Stanley and Goldman Sachs in London and New York have been visiting online Bitcoin exchanges as often as 30 times a day, according to documents seen by Reuters. Neither bank wanted to comment
Employees at almost all the...
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Bitcoin Ends Month Flat, Quarter Up 3.8% →
March came in like a lion for Bitcoin but like the saying goes, it went out like a lamb — fortunately! When the hack attack at hosting service Linode occurred March 1st, Bitcoin yet again gained attention it very well could have just done without. In all, there were nearly a quarter million U.S. dollars worth of bitcoins stolen from multiple bitcoin businesses in that attack. The BTC/USD...
March 2012
11 posts
16 tags
Bitcoin version 0.6.0 released →
A new version of the Bitcoin-Qt and Bitcoind clients from Bitcoin.org, v0.6.0, includes a number of new features as well as significant performance improvements, bug fixes and support for a change to the Bitcoin protocol.
- http://bitcoin.org/releases/2012/03/30/v0.6.0.html - http://sourceforge.net/projects/bitcoin/files/Bitcoin/bitcoin-0.6.0 - http://bitcointalk.org/index.php?topic=74737
...
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WatchFox Business - Stossel’s Currency Conundrum
John Stossel interviews for his Fox Business segment former Federal Reserve Economist David Barker. Barker discusses whether Americans should be able to print their own currency.
Stossel wrote a blog post describing the interview. Excerpt:
“We might have a completely digital currency - “Bitcoins” are one example that already...
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Bitcoin-QT version 0.5.3.1 for Windows released... →
bitcoinnews:
There was a security update to the Windows versions of the Bitcoin-QT client from Bitcoin.org. Windows users that have a previous 0.5.x release or are testing the upcoming 0.6.x developer release are encouraged to update immediately.
Mac and Linux versions are not affected, nor is the bitcoind command line client impacted. v0.4.x and prior are not impacted either.
See the forum...
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Bitcoin version 0.5.3 released →
The latest revision of the Bitcoin-Qt and Bitcoind clients from Bitcoin.org, v0.5.3, includes bug fixes and support for changes to the Bitcoin protocol.
http://bitcoin.org/releases/2012/03/14/v0.5.3.html
http://sourceforge.net/projects/bitcoin/files/Bitcoin/bitcoin-0.5.3
http://bitcointalk.org/index.php?topic=68895.0
Previous Posts
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Get Launcht!: New Crowdfunding Compromise is Best... →
launcht:
This post is intended for those who have been following the topic of equity crowdfunding for some time. Refer to our next post for a broader treatment of the subject if you are catching up on the issue for perhaps the first time.
The momentum has shifted back in favor of equity crowdfunding! As…
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Pelle Braendgaard - The May Scale of Money... →
Pelle Braendgaard (@PelleB) posted an article that provides an update for 2012 to a method for ranking payment methods with regard as to how vulnerable they are to reversals or chargebacks. Excerpts:
The easier it is for a payment to be reversed, the softer it is.
Why do I place Dwolla above PayPal? Mainly because they exclusively use the ACH system and not the credit card system, which makes...
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Jon Matonis: Virtual Currencies and Roach Motels →
An article on Forbes.com by E-Money specialist Jon Matonis (@JonMatonis) expands into reasons Google might have decided against issuing its own currency — “Google Bucks”, as was disclosed by its executive chairman last week. Excerpts:
They probably realized that Google Bucks could end up like Facebook Credits and become a virtual currency roach motel where your money checks...
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Bitcoin Finishes February 2012 Down, YTD Up 3% →
The Bitcoin exchange rate is no stranger to volatility and saw its share of it in February, 2012. The closing price of $4.86 is down more than 11% for the month but the currency still has a gain, just about 3%, for 2012 YTD.
The volume of trading during the month was fairly heavy even considering that the second largest bitcoin exchange, TradeHill, shut down mid-month. Some of the trading can...
February 2012
9 posts
15 tags
