Bitcoin

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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Redditors Raise More Than 32 Bitcoins (over $4,000) for Homeless Shelter

"In May of this year, the Pensacola City Council passed a 'camping ban' ordinance despite significant opposition. The ordinance bans camping on city-owned and residential property and prohibits sleeping, bathing and shaving in public restrooms. The ordinance effectively make it a crime to be homeless. In his post, Greg called Bitcoiners to action by sharing his experience and offering to match donations made to Sean’s Outpost. Hundreds of donations came in (and were matched) with several donations over $100. The largest single donation came from Redditor 'shakethatbass' who donated a whopping 15 bitcoins – worth over $1,700." Continue reading →

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The Problem With Altcoins

"Because it was started earlier and has had a greater opportunity to grow and attract users, Bitcoin has a market larger by a wide margin than all the markets of all the altcoins put together, and this makes it vastly more useful as a currency. To defeat Bitcoin, an altcoin would require not just superior technology, but such vastly superior technology as to be an advance over Bitcoin comparable to the advance Bitcoin represents over fiat currency." Continue reading →

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Additional $2.1M Seized from Mt. Gox Accounts – Now Over $5M Total

"The executed seizure warrant for Mt. Gox’s account with Dwolla was published, showing $2.9 million was seized by the US government. According to documents obtained today by TGB’s research staff from the records of the District Court of Maryland, more than $2.1 million was also seized from two of Mt. Gox’ Wells Fargo accounts – totaling to more than $5 million seized from Mt. Gox accounts by the US government. One of the accounts at Wells Fargo was registered to Mutum Sigillum LLC, the same entity associated with the Dwolla account. The second Wells Fargo account seized was in the name of Mark Karpeles himself." Continue reading →

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Bitcoin’s Washington problem

"On paper, the popular virtual currency Bitcoin is the type of entity that traditionally would hire a powerful K Street lobbying firm to protect its interests in Washington, especially in the cutthroat world of financial regulations. But Bitcoin doesn’t exist on paper. With no public founder or organization behind it, Bitcoin isn’t in a strong position to defend itself from government scrutiny or lobby Congress on critical issues including privacy. As a fully decentralized network, the closest thing Bitcoin has to formal representatives are exchanges that facilitate the buying and selling of Bitcoins against other currency, and trade associations that represent them." Continue reading →

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Bitcoin Roundtable: Jeff Berwick, Trace Mayer, Jason Burack and Gabe Sukenik

"Trace Mayer, JD is an angel investor in Bitcoin and Bitcoin companies and he also runs RuntoGold.com and HowtoVanish.com. Get your free beginner's ebook about Bitcoin by Trace Mayer here: https://www.coindl.com/page/item/242 Jeff Berwick is a tech entrepreneur, investor and businessman who has founded many successful companies. Gabe Sukenik is a director at the Bitcoin startup Coinapult which is involved in the Bitcoin supply chain. Jason Burack runs the podcast Wall St for Main St you can visit the website here: http://www.wallstformainst.com/" Continue reading →

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Rob McEwen Interview: On Gold Prices, Gold Miners And Bitcoin

"I don’t see why Bitcoin can’t also grow and become another viable currency, an internet based currency. If enough people accept it, it will be used. It seems to have momentum behind it and it’s intriguing how it’s truly separate from any country or central banks’ manipulation and control. There will be growing pains, like the guy who lost money out of his electronic wallet because he left his computer on all night. Also, Bitcoin will spawn competitors, alternative digital currencies. I think it’s a mistake to write off this currency as a bubble or fad. Will it threaten gold? I don’t think so. I think the two will grow in tandem as alternative currencies to fiat currencies." Continue reading →

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