Sunday, May 29th, 2011- Video:
Steve Gibson: “These (bitcoin miners) have gone nuts!” on Security Now episode #302
“But you’re not going to use 93 kWh a day, are you? Apparently, yes. These people [miners] have gone nuts”.
“It is a robust cyber currency that as far as I can see was absolutely done right”.
- http://www.youtube.com/watch?v=qLpNGEXLUKY&t=2008s (The bitcoin segment begins at about 0:33:25 in)
Saturday, May 28th, 2011- Article / Blog post:
Bitcoin top 100 ‘Rich List’ 27th May 2011 on The Bitcoin Report
Not only is each bitcoin worth over eight times (relative to the dollar) since the last time the Rich List was published, the number of bitcoins needed to even get on the list has increased.
- http://bit.ly/jA6sKw - Ending soon:
Over 200 Bitcoin-related domain names are being offered for sale. Bidding is (was ?) to end “towards the end of May”.
“SatoshiNakamoto.com highest bid: 4.49 BTC”.
- http://bitcoindomains.blogspot.com - New tool: Dot-bit domain cost calculator
Shows how many namecoins are needed to purchase a .bit domain registration.
Eight hundred domain names have been registered thus far, about a third of them in the past week.
- http://dot-bit.org/tools/domainCost.php
- http://webpagedeveloper.me/name_scan.php (list of the first 500 names)
- http://dot-bit.org/HowToBuyNamecoins (miners trading namecoins for bitcoins) - Announcement:
BitLotto reduces ticket fee for monthly lottery to 0.25 BTC beginning with July 6th Draw.
For wagers towards the June 1st draw the only valid amount remains 1.0 BTC. The blockchain shows those wagers and indicates that the lottery payout will be worth over $1,000 USD. Note: All wagering for BitLotto must sent only from a local Bitcoin client (i.e., not from an EWallet provider).
- http://www.bitlotto.com (local restrictions apply) - Article / Blog post:
A Bitcoin Lesson, From a School’s System Administrator by Ryan Broderick on Motherboard.tv
“[Bitcoin is] one of those things that was created but now exists independently of its creators. They can’t say, “oh we don’t like this” and shut it off. There is nothing to shut off.”
“Say everyone stopped using Bitcoin but I had Bitcoins and you had Bitcoins. We could be the only people using the software online and I could still send them to you.”
- http://bit.ly/lCMCoj
Friday, May 27th, 2011- Article / Blog post:
Bitcoin is Worse is Better by gwern on Bitcoin Weekly
“Bitcoin is a perfect example of Worse is Better. It seems to work. Just like Unix. Unix spread, networked, survived - and the rest did not.”
“Bitcoin tends to turn people into marketers because they feel they have something to gain. Bitcoin’s greatest virtue is not its deflation, nor its microtransactions, but its viral distributed nature.”
- http://bitcoinweekly.com/articles/bitcoin-is-worse-is-better - Article / Blog post:
eG8 and Internet Control Points by Simon Phipps on ComputerWorldUK
“[The Dot-BIT/Namecoin project], based on the distributed online currency system Bitcoin, aims to implement a secure DNS that has no points of control. We need this sort of distributed infrastructure so that the control points simply aren’t there to be abused.”
- http://blogs.computerworlduk.com/simon-says/2011/05/decentralising-the-web/index.htm
- http://dot-bit.org - Article / Blog post:
Cincinnati’s Hive13 Hackerspace adds Bitcoin Local Exchange on Bitcoin Money
“During the Tuesday meetings attendees can trade cash for bitcoins.”
“There are hundreds of hackerspaces globally. Hopefully more will follow Hive13’s lead.”
- http://www.bitcoinmoney.com/post/5894406565
Thursday, May 26th, 2011- Article / Blog post:
This Non-Fiat Currency Is Up Over 1,000% by Jeff Berwick on Resource Investor
”Gresham’s law is driving me and I assume many of the others”.
- http://bit.ly/ioN9QO - Markets - Unusual trading activity for BTC/SLL on VirWoX
Bitcoins were being bought using Lindens, the currency in the virtual world Second Life at an abnormally high price at a very rapid pace for several hours on Thursday. The activity appears to have been responsible for the USD/SLL being taken down nearly 10% for at least some period of time as well.
- http://www.virwox.com
- http://bit.ly/m2mxSa - Mining: New software
gpu-watch: dynamic GPU temperature monitoring and fan control
A script that will monitor all GPUs in a machine and control fan speed accordingly.
- http://forum.bitcoin.org/index.php?topic=10062.0 - Newest version of Bitcoin client nearing completion, v0.3.22
The upcoming release is currently in final testing (release candidate 5 is out)
Features include:
- Remove ‘generate coins’ option from GUI and remove 4-way miner.
- Add -port option for P2P port.
- minimum TX fee reduced to 0.0005 BTC (Fee in GUI remains at 0.01 BTC until next release though)
- Bug fixes, source tree reorg and more.
- http://forum.bitcoin.org/index.php?topic=8894.0 - Article / Blog post:
The relationship between bitcoin price and difficulty by nanotube on Virtually Shocking
“The primary effect, however, is the high price drawing new miners in, rather than new mining capacity drawing the buyers in”.
- http://bit.ly/in2jra - s3052’s Bitcoin Market Technical Analysis:
“The BTC/USD market shows a beautiful technical strength, far stronger than any other financial market over the past years”.
“As long as the $7.80 - $8.20 range holds, [the $10] level is in the cards”.
- http://bit.ly/leg3LL - Article / Blog post:
Should OpenSim Use Bitcoin As Its Virtual Currency? on New World Notes
“OpenSimulator is an open source, peer-to-peer virtual world technology with a huge hurdle of its own: There’s no universal currency with which to buy virtual content”.
- http://nwn.blogs.com/nwn/2011/05/should-opensim-use-bitcoin-as-its-virtual-currency.html - Article / Blog post:
Difficulty adjusts to 434,877, a 78% increase on Bitcoin Miner
“Another wildcard is the introduction of browser-based webCL miners”.
“The rising exchange rate enables miners to continue investing in additional capacity and still stay one step ahead the difficulty avalanche.”
- http://www.bitcoinminer.com/post/5872990977 - Press:
Fox’s Freedom Watch show finds Bitcoin as #1 requested topic suggestion for upcoming show
This would be the first exposure for Bitcoin on any major television media.
- http://freedomwatch.uservoice.com/forums/16625-freedom-watch-show-ideas - Podcast:
Girls Out Loud Episode 34 by Maya Grinberg and Cristina Cordova on GirlsOutLoud.com
“When I go to Vegas, I do not like to gamble. When something like this comes up? I’m totally down. I don’t feel like the house has an edge on me, because there is no house.” Starts at 31:45.
- http://bit.ly/lmCN30
- http://girlsoutloudshow.com/wp-content/podcasts/gols_034.mp3 - Article / Blog post:
Panic (buying) at BitDisco on Bitcoin Money
“There are a few characteristics that make bitcoin trading unique. […] When these situations combine and occur together the end result is likely a frustrated buyer. The result is a buying frenzy”.
- http://www.bitcoinmoney.com/post/5865616397 - Article / Blog post:
Bitcoin Exchange Announces Plans To Offer Margin Trading on Bitcoin Money
”Margin trading may bring risks to the exchange […]”.
“The exchange’s operator has stated that testing [of the trading system and its risk management algorithms] involves simulations to ensure that the customer’s funds are 100% safe.”
- http://www.bitcoinmoney.com/post/5856849119
Wednesday, May 25th, 2011- Bitcoin exchange rate: Intraday spike to $9.33, record high
Record volume on bitcoin’s leading exchange, Mt. Gox, in dollar terms with over $0.5M USD traded in a 24 hour period.
- http://bit.ly/ixYf86 - Bitcoin History: Anniversary of Laszlo’s 10,000 BTC Pizza - March 22, 2010
Earlier this week was the one-year anniversary of one of the first real-world transactions involving bitcoins. You’ve come a long way, Bitcoin!
- http://en.bitcoin.it/wiki/History
- http://www.bitcoinmoney.com/post/3109720916 - Infographic:
What is Bitcoin? [Infographic] by Sean McColgan on Money Saving Blog
Asks “Can Bitcoin change finance the way the web changed publishing?”
- http://www.promotionalcodes.org.uk/26970/what-is-bitcoin - Bitcoin Wiki Trade page (merchant directory) gets censored further
”Then they came for the gambling, and I didn’t speak out because I don’t place wagers.”
Following the April censorship moves which removed references to The Silk Road Anonymous Marketplace, this latest purging targeted links to online gambling websites.
Even with the removal of gambling sites the page has become unwieldy — as wiki pages were not designed for this purpose.
- http://en.bitcoin.it/wiki/Trade
- http://forum.bitcoin.org/index.php?topic=9770.0
Tuesday, May 24th, 2011- Article / Blog post:
No One Sends Bitcoins on Ironwolf blog
“The idea that Bitcoins are ‘sent’ from one person to another like conventional money [is wrong]”.
“It looks like something has been “sent,” but this is just a useful fiction”.
- http://ironwolf.dangerousgames.com/blog/archives/1105 - Article / Blog post:
What Bitcoin Is, and Why It Matters by Tom Simonite in MIT’s Technology Review
“Even limited success could allow Bitcoin to change the fate of more established currencies. ‘Competition is good, even between currencies—perhaps the example of Bitcoin could influence the behavior of the Federal Reserve’”.
- http://www.technologyreview.com/computing/37619 - Business:
Bitcoin exchange Mt. Gox adds Australian AUD bank direct deposit (BPay) funding method.
Fee is AU$2 per-deposit. Funds are converted to USD at the current rate. Transfers take one business day.
- http://mtgox.com/users/addFunds - Press:
What are Bitcoins? on NPR’s All Things Considered radio program
Slates’s economic and business reporter Annie Lowrey explains the basics of Bitcoin.
- http://www.npr.org/2011/05/24/136620231/what-are-bitcoins - Update on @TheRealPlato’s #BitcoinRoadTrip: (Denver, CO)
Travel in some less populated regions meant that Plato has needed to use his Shell prepaid gas card which was purchased with bitcoins (incidentally, obtained from the operator or BitcoinExchange.cc).
- http://twitter.com/therealplato
- http://www.youtipit.org/t/J2937 (Plato's tipit. Donate a little for the cause.) - New website:
BitcoinExchange.cc is now online.
The Bitcoin forum member “BitcoinExchange” launched the site to improve the cashout service that has doing business since April. Previously most transactions for the service occurred online through the forum, by e-mail, by IM or by on Skype.
The service serves those wishing to redeem bitcoins or a variety of other digital currencies for payment through PayPal, ACH (direct deposit) or other online currencies or to receive e-gift cards, phone cards and other mediums of exchange.
- http://www.bitcoinexchange.cc
- http://en.bitcoin.it/wiki/BitcoinExchange_Services - Bitcoin Economy Snapshot:
1 BTC = $7.07 USD, Size: 6.32M BTC, Last 24h: 0.34M BTC in 5.7K trx, Difficulty: 244K, Forum posts/day: 2,055 Nodes: 1.8K
- http://twitter.com/bitcoineconomy - Article / Blog post:
Opportunity: Thy Name is Bitcoin by Brian Cunningham of YouTipIt
“Any conventional method solely based on Dollars/Euros would be prohibitively expensive, with numerous legal pitfalls.”
“We jumped at the opportunity to base our application on a currency as innovative and flexible as Bitcoin.”
- http://enabledidler.blogspot.com/2011/05/in-mat-cropps-excellent-article-for.html - Business: Bitcoin Solutions, LLC acquires BitcoinCashout.com
Just weeks after launch, Bitcoin Cashout, a fixed-rate exchange where bitcoins can be traded for prepaid gift cards, has been aquired.
Bitcoin Cashout offers Visa, Mastercard and American Express virtual prepaid cards.
Following PayPal’s actions, prepaid card and gift card cashout services are likely seeing brisk business.
- http://www.bitcoincashout.com
- http://en.bitcoin.it/wiki/Bitcoin_Cashout
Monday, May 23rd, 2011- Article / Blog post:
Bitcoin miners busted? by Darlene Storm in ComputerWorld blog
“DEA Agent: We thought it was a major grow operation … but this guy had some kind of business involving computers”.
- http://bit.ly/l8hhRP - New site: TheBitcoin.US
Provides a general overview of Bitcoin with links to the more popular components in several categories.
- http://thebitcoin.us
- http://en.bitcoin.it/wiki/TheBitcoin.us - Video:
Twenty four rigs, 130 amps, custom exhaust hood - represents about 1% of the entire total of all mining occuring today.
- http://www.youtube.com/watch?v=G5f_e4P6gMA - Article / Blog post:
Report: Police Confuse Bitcoin Miner’s Power Use for Growing Weed by Jerry Brito (@JerryBrito) in TIME TechLand blog
“Ubiquitous prosumer computing could well lead to false positives, not just for Bitcoin miners, but for hardcore gamers, [and others]”.
- http://ti.me/iD8oIQ - Article / Blog post:
Bit Players in The Daily online e-paper
“It’s going to be somewhat difficult to convince people to leave ‘the dollar ecosystem’”.
- http://www.thedaily.com/page/2011/05/23/052311-apps-technews-bitcoins-1-2/ - New site and service: BTCRate.com
Provides currency conversion between Bitcoin and other world currencies.
- http://www.btcrate.com
- http://en.bitcoin.it/wiki/BTCRate.com - Article / Blog post:
Upcoming Changes For Mt. Gox in Bitcoin Money
“Development and testing effort has been underway at Mt. Gox. An update is targeted for being rolled out at the beginning of June”.
What’s coming: New currencies EUR, JPY. Iceberg orders. Full decimal trading. & More.
- http://www.bitcoinmoney.com/post/5765886176 - New feature: YouTipIt
YouTipIt escrow tipits to any Facebook User.
- http://www.youtipit.org
- http://en.bitcoin.it/wiki/YouTipIt#Escrow_Tipit - New website: Bitcoin Prices
Provides exchange rates for bitcoins versus multiple foreign currencies.
Choose from any of several exchange markets.
- http://bitcoinprices.com
- http://en.bitcoin.it/wiki/Bitcoin_Prices - Magazine: The Bitcoin Sun (2nd edition)
‘Specupreneurs’ and the Bitcoin Economy by Matt Crop
“We [Bitcoin business entrepreneurs] double as speculators, since we willingly expose ourselves to the risk of the erosion of those profits by a decline in the value of Bitcoin in exchange for the opportunity to realize large gains should the currency appreciate.”
The Bitcoin Island by Ploum
The forum is full of people asking why they do not get any bitcoins. Sadly, most of the answers they receive explained them how to build mining rigs with expensive hardware, how to join pools”.
Bitcoin, The Darknet Economy, And the Low Over-Head Revolution by Kevin Carson
”Despite my reservations, I consider Bit-coin to be grounds for enormous excitement”.
Rain Droplet Interview by Matt Cropp
“Our biggest accounts and most involved participants are Bitcoin users, and much of our feedback and new traffic come from the Bitcoin community”.
- http://www.bitcoinservice.co.uk/files/877 (click reload page after visiting to get download) - Article / Blog Post
Will Mining Bring The Police? in Bitcoin Miner
“Looking only at the electric usage for the residence the consumption will look not much unlike the usage for a marijuana grow-op”.
“[A Mission, BC bylaw allows police to] search people’s homes for grow ops if they are using more than 93 kWh of electricity per day”.
- http://www.bitcoinminer.com/post/5762837023
Have a news tip, suggestion or comment? http://www.bitcoinnews.com/submitCurrent week (updated throughout each day): http://www.bitcoinnews.com ( RSS) ( mobile) ( email) Previous summaries: http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNewsEach day I will post a reply with the previous day's summary, and will update this specific post to include each daily summary as well.
|
|
|
|
Another view showing the extent of last week's media coverage:  http://stats.grok.se/en/201105/BitcoinThe previous high was under 5,000 in March after the BitcoinJ / Google Employee announcment. |
|
|
|
Sunday, May 22nd, 2011- Press:
Make.Money.Slow : The Bitcoin Experiment by Jon Evans on TechCrunch
“At best it might eke out an existence as a distributed local currency for hardcore libertarians”.
- http://techcrunch.com/2011/05/21/the-bitcoin-experiment
- http://jp.techcrunch.com/archives/20110521the-bitcoin-experiment (Japanese)
Bitcoin, Ven and the End of Currency by Stan Stalnaker of Hub Culture
“How we create and measure value is going through a change that has not been seen in over 600 years”.
“It is a snowball today, but tomorrow it is an avalanche. Just watch”.
- http://techcrunch.com/2011/05/20/bitcoin-ven-and-the-end-of-currency - s3052’s Bitcoin Market Technical Analysis (special update)
Mid term: “DOWN as long as the high of $8.90 remains intact”.
Short term: “RALLY from the low of $5.57. $6.50 must hold for the rally to continue”.
- http://bit.ly/iKxync - Article / Blog post:
Bitcoin by Justin of Nine Zero Nine blog
Justin describes his foray into mining. He learns about variance (“some days I would go without mining a single BTC and others I would get 3”) and ups the ante (“I impulse bought two more 5830s just yesterday”).
- http://ninezeronine.net/2011/05/22/bitcoin - Article / Blog post:
Why Bitcoin is Smart, and Not a Scam by Brock Tice (@BrockTice)
Rebuttal by this long-time community member to the many recent criticisms of bitcoin.
“At one time there was a risk that someone with a botnet could easily overtake the network. That risk is now minimal and getting (exponentially) smaller every day”.
“What makes bitcoin so cool is the combination of [fixed rate of inflation, blockchain, hashing targets, cryptography, anonymity] in one system”.
- http://virtuallyshocking.com/2011/05/22/why-bitcoin-is-smart-and-not-a-scam
Saturday, May 21st, 2011Friday, May 20th, 2011- Bitcoin Economy Snapshot:
1 BTC = $6.55 USD, Size: 6.27M BTC, Last 24h: 0.35M BTC in 4.8K trx, Difficulty: 244K, Forum posts/day: 2,018 Nodes: 1.9K
- http://twitter.com/bitcoineconomy - Article / Blog post:
Open Source FGPA Bitcoin Miner on Bitcoin Miner
“The cost of the equipment and not the cost of electricity continues to be the primary concern affecting miner’s decision on whether or not to add capacity.”
“When power consumption limits are a constraint, then the FPGA with its significantly higher power efficiency might be the only method to increase mining hashing capacity.”
- http://www.bitcoinminer.com/post/5672391181
Have a news tip, suggestion or comment? http://www.bitcoinnews.com/submitCurrent week (updated throughout each day): http://www.bitcoinnews.com ( RSS) ( mobile) ( email) Previous summaries: http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNews
|
|
|
|
This is an example of the type of noise that makes useless the metrics for the total number of transactions and the total BTCs transacted over a period of time. Bitcoin Watch shows that there was about $4 million worth of BTC that traded in the past 24 hours: - http://bitcoinwatch.com These types of transactions cause that metric to mean relatively nothing. The BitcoinDays Destroyed metric will provide a more useful metric: - http://forum.bitcoin.org/index.php?topic=9300.0 |
|
|
|
Do you just want a total for each block, or a calculation for each transaction in each block?
The total BitcoinDays Destroyed for each block. |
|
|
|
This is a bounty award to develop a script to compute the BitcoinDays Destroyed by the transactions in a block. Description: Scan all the transactions in the block chain and dump out a .csv file that shows BitcoinDays Destroyed calculation result per block. Requirements: - Accesses block chain using bitcointools (see the project's statistics.py as an example) http://github.com/gavinandresen/bitcointools - Developed in python and licensed MIT/X11 - BitcoinDays Destroyed Calculation following ByteCoin's recommendation: http://forum.bitcoin.org/index.php?topic=6172.msg90789#msg90789 - [edit: ] accept (optional) block number argument to produce calculation result total for a single block. The bounty so far is: 10 BTC |
|
|
|
there is a discrepancy between the balance of the address (52) and received (67). There have been 15 BTC sent _from_ that address. Can you please explain this? When I spot checked a few of the spend transactions I see that they were used as part of the payout for the May 4th draw. When the May proceeds were forwarded to the winner, the Bitcoin software chose which coins to use when spending that transaction. If you notice, the address for wagering on the May 4th draw still shows a balance even though all 128 BTC were forwarded to the BitLotto winner: http://blockexplorer.com/address/18dts6fXXA7jVKfYMBpsFqx7iZCELCfDpkAdding up the balances for each of the draws shows a total slightly higher than the outstanding total wagers yet. Thus at this point in time the wallet holds enough coins to payout all coins wagered so far. |
|
|
|
Thursday, May 19th, 2011- Video / Podcast: Buzz Out Loud 1469 (CNET)
Hosts Molly Wood and Brian Tong discuss Bitcoin (from about 0:18:50 through 0:25:45)
“There is no small representation of anarchist philosophy in the Bitcoin forum, but I gotta admit that frankly, I’m pretty mad at the banks and you can understand how this kind of revolution starts to come to pass”.
“Once it gets to the point that its on this show it’s reaching mass saturation in the geek community and I suspect that we’re not far away from the point that goverments [take notice].”
- http://www.cnet.com/8301-19709_1-20063349-10.html - Forum post: Public Relations by Gavin Andresen, technical lead of Bitcoin project
“Bitcoin as “The People’s Money” is the right way to think about it”.
“Creating solid technology was just the first step in a long road for bitcoin”.
“It is international, decentralized, and completely open to innovation, very much like the Internet.”
- http://forum.bitcoin.org/index.php?topic=8940.0 - New software: ToyTrader
An open source command line trading tool for Mt. Gox.
- http://github.com/toyotasupra/ToyTrader
- http://en.bitcoin.it/wiki/ToyTrader - s3052’s Bitcoin Market Technical Analysis
Long term: “Chances are high that we see at least 2 months of declines or at least sideways action”.
Short term: “Bitcoins continue the way down. A break of 6.7-6.8$ is needed to start the next leg down”.
- http://bit.ly/kPhS2s - New miner: Browser Bitcoin Miner
A cpu miner that is launched from the browser, requires no installation and runs as a Java application. The author’s goal was to make it easy for those who are not technical to start mining.
- http://www.bitcoinplus.com
- http://en.bitcoin.it/wiki/Browser_Bitcoin_Miner - New site: Spend bitcoins
“A buying service in which purchases through Amazon.com can be made and paid for using bitcoins”.
- http://spendbitcoins.com
- http://en.bitcoin.it/wiki/Spend_bitcoins - Milestone: What is Bitcoin video passes 100,000 views
Less than two weeks after reaching 50,000 views the video that introduces Bitcoin has doubled that earlier number and has passed 100,000 views.
- http://www.youtube.com/watch?v=Um63OQz3bjo - Article / Blog post:
The Information Policy Case For Flat Tax And Basic Income by Rick Falkvinge
“Distributed cryptocurrency is here to stay. Its use case is so hands-down attractive that it beats the legacy banking and transaction systems on walk-over on point after point”.
“A lot of individuals in government will react with normalcy bias to [not seeing an individual’s wealth] and say ‘but we have to!’. It doesn’t matter if you have to. You can’t. Period”.
- http://falkvinge.net/2011/05/19/the-information-policy-case-for-flat-tax-and-basic-income/ - New mobile app: btcMobile
A mobile app for iPhone and iPad used for checking mining pool statistics and for reviewing weighted average market prices.
- http://btcmobile.jworley.kodingen.com
- http://en.bitcoin.it/wiki/BtcMobile
Have a news tip, suggestion or comment? http://www.bitcoinnews.com/submitCurrent week (updated throughout each day): http://www.bitcoinnews.com ( RSS) ( mobile) ( email) Previous summaries: http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNews
|
|
|
|
|
C'mon Satoshi. Your turn. :-)
|
|
|
|
Hey guys, I've been on the forums recently, I've paid out several BTC for similar errands (last time I was trying to cap out my dropbox space). Would be nice to see you listed in the OTC web of trust (WoT). The OTC WoT can be used regardless of whether or not your trading is done here on the forum, on the #bitcoin-otc marketplace, or anywhere. http://bitcoin-otc.com/trust.php[edit] You might find a wider number of willing participants once you have a rating and history in the WoT. Here's web access to the #bitcoin-otc IRC channel: http://webchat.freenode.net/?channels=#bitcoin-otcRegistering w/ GPG isn't necessary to trade there unless you want an order added to the web order book or a trust rating. You might find someone there in #bitcoin-otc willing to assist with your trade. To register with GPG you'll need GnuPG: http://www.gnupg.org/downloadand once you have that, the steps for creating your GPG key: http://wiki.bitcoin-otc.com/wiki/GPG_authentication#Creating_a_GPG_key |
|
|
|
Wednesday, May 18th, 2011- Article / Blog post:
What Happens When Anonymous Gets A Bank? by Dominic Basulto (@DominicBasulto) in Big Think
“Bitcoin is as much a political statement as it is a virtual currency”.
“Bitcoins are globally transferable across borders, making them the perfect instrument to finance any cause or any activity — even if it’s banned by a sovereign government”.
- http://bigthink.com/ideas/38488 - New IRC channel: #bitcoin-otc-eu
Complement to the #bitcoin-otc marketplace is a dedicated EU trading channel.
- http://webchat.freenode.net/?channels=#bitcoin-otc-eu
- http://forum.bitcoin.org/index.php?topic=8819.0 - Article / Blog post:
Difficulty adjusts to 244,139, a 55% increase by Bitcoin Miner
“The mining profitability level is high enough yet that few except for those running the most inefficient hardware will continue mining”.
“By some estimates, the Bitcoin network now has as much computing power as half of all the Top 500 Supercomputer projects combined”.
”’“Too much computational power is being expended to protect too little value’”.
- http://www.bitcoinminer.com/post/5622597370 - Press: Slate.com
My Money Is Cooler Than Yours by Annie Lowrey (@AnnieLowrey)
Another media reporter who misses a few concepts that are basic to understanding Bitcoin:
“In the event of such a Bitcoin panic, there would be no FDIC to insure each account and no Fed to stabilize the value of the currency. (That’s another reason to recommend the dollar)”.
- http://www.slate.com/id/2294980 - Article / Blog post:
‘Will Work for Bitcoin’ Coder Says Most People Just Using It as an Investment Vehicle by Adrianne Jeffries in NY Observer’s BetaBeat.
“[The billable rate for the project] equates to a rate significantly below my normal hourly rate. However, I expect Bitcoins to appreciate significantly in value”.
“As an average Joe, I plan on using Bitcoin as I would any other currency.”
- http://bit.ly/mFWeAC - Article / Blog post:
Who You Gonna Believe, Them or Your Lying Eyes … by Bitcoin Money
Tracking feedback from a technical community over the course of nearly one year shows that there are and will continue to be doubters, but the data doesn’t lie.
“‘They’ either didn’t want this day to come or don’t see how a decentralized currency is such a game changer”.
- http://www.bitcoinmoney.com/post/5612828148
Have a news tip, suggestion or comment? http://www.bitcoinnews.com/submitCurrent week (updated throughout each day): http://www.bitcoinnews.com ( RSS) ( mobile) ( email) Previous summaries: http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNews
|
|
|
|
Ebay is an auction site. PayPal is one of the payment methods for sending payment. Bitcoin is another. It is happening. - http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=330537409792 [Click "See Full Description"] : "For this auction I am willing to take bitcoin or paypal." - http://myworld.ebay.com/dracova Bio: "Oh, by the way, I accept Bitcoins." In addition to seeing Bitcoin appear in more listings and profiles, I expect to see ClearCoin start appearing as an escrow method. Combining bitcoins for payment and ClearCoin for escrow is a combination that has so going for it. There's almost no other alternative for affordable escrow for $100 or less purchases. Add in the #bitcoin-otc gpg Web of Trust and there no reason these tools can't be used by a wider user base. |
|
|
|
Is there some page somewhere that lists the difficulty history? And possibly, what date/time each jump occurred?
Google Docs Spreadsheet http://bit.ly/fylSv8 |
|
|
|
|
Show Posts
