Yearly Archives: 2013

Bitcoin and the New Fourth Estate: An Interview with Cop Block

"In a world where the flow of money can be so easily controlled by a government that has vested interests at odds with the good of the people, Bitcoin begins to show its true usefulness. Bitcoin was a lifeline to Wikileaks and may be a lifeline to Edward Snowden; and moving forward there is little doubt we will have to help other organizations and individuals who have transgressed the government in our name. I have recently had the pleasure of talking with Pete Eyre of Cop Block, an organization dedicated to exposing and reigning in the abuses of our state and local police forces. Cop Block accepts Bitcoin donations." Continue reading →

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Tradehill Bitcoin Accounts Moving to Internet Archive Credit Union

"Tradehill Inc., an exchange for virtual currencies such as Bitcoin, is moving customer accounts to a U.S. credit union, a shift designed to make it easier for clients to complete transactions. Holdings with Tradehill will be transitioned to federally-insured accounts at the Internet Archive Federal Credit Union, according to an e-mail to clients obtained by Bloomberg News. Tradehill is moving accounts to the credit union to win more business from investors and financial institutions that trade in Bitcoins, according to a person with knowledge of the matter, who asked not to be identified because the plans aren’t public." Continue reading →

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The Top 5 Bitcoin Shops

"There are increasingly less limits to what you can buy using Bitcoin, especially if you’re lucky enough to live in Berlin’s Kreuzberg area. Here are our top current picks for spending those hard earned BTC online: 1. All4BTC allows you to buy almost anything online with Bitcoin, provided you would be able to get delivered using Fiat. 2. BtcTrip.com Buy flights, and soon, rent cars and book hotels using BTC. 3. Gyft allows you to buy gift cards from almost any store, and accepts Bitcoin. 4. BitMit - Bitcoin’s answer to eBay – you can buy and sell using BTC, eBay auction style. 5. BitPremier - where you can buy Ferraris, Yachts, luxury apartments, art and more." Continue reading →

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The Chart of the Century

"In the late 1970s, when did we see the critical tipping point that marked the beginning of the surge? It was after three things happened: First, we witnessed two periods of real interest rates below zero (same as recent years) … Second, we experienced an initial collapse in bond markets that began to drive yields higher (same as now) … Third, we saw a cross-over into the black, as interest rates rose above the inflation rate (same as just happened earlier this year). And THAT’s when interest rates went through the roof, carrying the U.S. Treasury-bond yield to 13% and the Treasury-bill rate to 17%." Continue reading →

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Alydian targets big ticket miners with Terahash hosting

"In a little under a week, serious miners will be able to host Terahashes of ASIC mining power from Alydian – but only in large quantities. The Californian company is preparing to host ASIC mining equipment for its customers, using yearly contracts. Its launch day pricing was $65,000 per Terahash, and mining hosting contracts are only available in 5 and 10 Th/sec blocks. So, if you’re thinking of running a miner in your basement, you are not its target market. Alydian will be going after institutional-level investors that want to move large amounts of money into bitcoins. The question is, how is it getting the capacity so early, and what will it mean for everyone else?" Continue reading →

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BitShares P2P trading platform to offer dividends on bitcoins

"BitShares is the brainchild of Invictus Innovations. It will consist of a protocol and a piece of software called Hydra, which will offer three separate services: a decentralized identity management system called BitNames, a secure chat and messaging system codenamed BitCom, and a peer to peer trading exchange. Both the protocol and the software will be open source, said Charles Hoskinson, who is co-founder of the project. His co-founder Daniel Larimer is a software engineer with a background in networked C++ applications. They secured 'mid-six figure' funding from Chinese private equity firm BitFund.PE." Continue reading →

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An Idiot’s Guide to Bitcoin: the man behind the book

"He explains, 'Because I’m from Africa, I pay a lot of attention to what’s happening there. The developing world is absolutely poised to pioneer this revolution, if you want to call it that, because their national fiats are inflation-ridden, over-taxed and over-controlled; the places with the highest buy into bitcoin is the developing world. Then you have the western world, who are complacent, who are comfortable, who are kept that way and who don’t have an immediate, on the ground need for bitcoin, where the developing world do. If it can go viral in India then a sixth of the world’s population will accept bitcoin. That would be wonderful.'" Continue reading →

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Fox Affiliate Explores Bitcoin, A New Trending Form Of Currency

"Bitcoins are all the rage in the techie community and gaining popularity fast. But what is Bitcoin? Professor James Angel explains: 'Bitcoins are a string of numbers…these numbers can be used to make payment.' It's digital currency, existing only online. You get them by 'mining,' or solving complicated math questions and algorithms. Anthony Mongeluzo, president of Pro Computer Services, explains further: 'Anyone could use Bitcoins. Primarily it's used as an online payment system, but it's a universal currency which means it's accepted in most countries.' The currency can be transferred person to person via the Internet, without a bank." Continue reading →

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