Thursday, Apr 21st, 2011- Bitcoin client Spesmilo enters beta-testing:
v0.0.1.beta1 is now available. For Windows, Linux. Connects to local or remote bitcoind via RPC.
- http://bitcointalk.org/index.php?topic=6273.0 - New all time high record level for BTC/USD on Mt. Gox exchange, $1.21.
- Bitcoin Economy Snapshot:
1 BTC = $1.18 USD, Size: 5.97M BTC, Last 24h: 4.42M BTC in 1.9K trx, Difficulty: 92.3K, Forum posts/day: 916, Nodes: 1.8K
- http://twitter.com/bitcoineconomy - S3052’s Bitcoin Market Technical Analysis:
Long term: “Clear rally. No change in outlook”
Short term: “BTC/USD seems to be on the verge of the next breakout from the ascending triangle”
- http://bit.ly/fijXhW - Article / Blog post on TechDirt:
Can Bitcoin Really Succeed Long Term? by Mike Masnic
“I could certainly envision scenarios that lead to rapid Bitcoin (or similar offering) adoption.”
- http://www.techdirt.com/articles/20110420/02412713972 - New exchange:
BitcoinExchange Services - Buys and sells bitcoins using PayPal, MoneyPak, Liberty Reserve, WMZ, ACH, Wire Transfer & more.
- http://bitcointalk.org/index.php?topic=6223.0
Got 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
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they can strongly push with ISPs to block the bitCoin traffic, if one can be "patterned-out" out of your traffic. But rest assured -- bitCoin ARE serious competitor to Federal Reserve, and those guys not only make up rules, they can break them as well.
Please read: I’ve been playing online poker for a living for the last five years. The government might think they can shut down the industry, but they can’t. As John Gilmore famously said, “The Internet interprets censorship as damage and routes around it.” Poker Stars was taken down for US Players on April 15th. It’s taken me less than a week to set up a virtual private network (vpn) that makes it look like I’m playing from another country, acquire a foreign PO Box, obtain a Skype virtual foreign phone number, and deposit money onto a foreign site that doesn’t accept US players. Now I’m back in business!
As the US and other governments attempt to further restrict the online activities of their subjects (I refuse to call us citizens), I expect to see increasing use of vpns, encryption, untraceable virtual currency, anonymous remailers, etc. It’s an arms race between the factions of freedom and tyranny, but unlike most conventional arms races, this seems like one that the good guys are the favorite to win. - http://www.lewrockwell.com/blog/lewrw/archives/86247.html |
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OK, thanks. It was an apache zombie process :/ Fixed now.
Having trouble accessing Britcoin.co.uk |
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Wouldn't a decent way to handle this be to add an optional units parameter?
Especially if the need for mBTC could be not too far off?
e.g., instead of
bitcoin:address?amount=0.010
a
bitcoin:address?amount=10&units=mbtc
If units= is not specified, then the default of units=btc would be assumed.
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Wednesday, Apr 20th, 2011- Bitcoin client v0.3.21 being readied,
The next release of the Bitcoin client is at Release Candidate stage. Help with testing has been requested. Features in the release will include:
- Universal Plug and Play (UPnP), off by default
- Sending and displaying arbitrary precision (e.g. 1.0001)
- SendMany RPC support (make multiple payments in one trx)
- Bug fixes, including a fix for the deadlock issue.
- http://bitcointalk.org/index.php?topic=6189.0 - Article / Blog post in Bitcoin Weekly
Generation and Assimilation of Bitcoin Knowledge by Kiba
“Bitcoin development is done in the bazaar style”. Bitcoin Weekly presents information from the project’s forums “in an easily understandable manner.”
- http://bitcoinweekly.com/articles/generation-and-assimilation-of-bitcoin-knowledge - Press: Forbes Magazine article (May 09, 2011 issue)
Crypto Currency by Andy Greenberg
“For Bitcoin, a subculture of geek-friendly merchants is catching on.”
“Cypherpunk’s adherents saw cryptography as a way to shift power from institutions to individuals.”
- http://bit.ly/gvBqTW - Bitcoin Charts offers data feed - Mt. Gox history trade data
- http://bitcointalk.org/index.php?topic=6193.0 - Article / Blog post:
Jerry Brito defends Bitcoin by Tyler Cowen on the Marginal Revolution blog.
“I just don’t see why the Bitcoin assets are supposed to be so attractive compared to dollars, euros, Swiss francs, and so on.”
- http://marginalrevolution.com/marginalrevolution/2011/04/jerry-brito-defends-bitcoin.html - Article / Blog post:
Jerry Brito continues the conversation on Bitcoin that ramped after his Bitcoin article was recently published in TIME’s TechLand.
“Hopefully governments will prosecute those who do ill, and not simply seek to ban the technology. If they do, that’s a battle we’ll have to be prepared to fight.”
- http://techliberation.com/2011/04/20/bitcoin-intermediaries-and-information-control - Podcast: Cypherpunkd Episodes 011 and 012
Introduction to Open-Transactions Financial Crypto System and Integration with Bitcoin on AgoristRadio
Interviewed is FellowTraveler, founder of Open Transactions. Discussed is how Open Transactions picks up where Bitcoin comes up short (e.g. instantaneous transactions, chaumian blinding, and more) and how a combination of the two provides incredible utility.
- http://agoristradio.com/?p=234 (Part 1 of 2)
- http://agoristradio.com/?p=246 (Part 2 of 2) - Latest from Plato on his #BitcoinRoadTrip cross-country Bitcoin-only trip
“… asked if I liked Bitcoin for its technology, economics, or politics. I had to answer ‘all three,’ but I lean a little bit to the political side of the table. David and Jake do too”.
- http://therealplato.com/post/4783447916 - New Bitcoin client for Windows: Bitdollar
The client provides the option to encrypt the wallet and protect it with a password.
“Goal is to manage bitcoin protocol exactly like bitcoin client.”
- http://bitcointalk.org/index.php?topic=6111.0
- http://en.bitcoin.it/wiki/Bitdollar - Article / Blog post:
The economics of Bitcoin by Tyler Cowen, Economist, on his blog Marginal Revolution
“The lesson here is that enough of you ask me about a topic, eventually I will blog it.”
“The currency will fall to near-zero in value. Hold it at your own risk.”
- http://marginalrevolution.com/marginalrevolution/2011/04/the-economics-of-bitcoin.html
In the comments is a response by Jon Matonis:
“Free individuals can generate a mass illusion just as a central bank creates the mass illusion of paper as value.” - Video:
Hive45 Singularity Podcast #53 - Bitcoin P2P Virtual Currency by Hive45
“The potential for [Bitcoin] is just absolutely ridiculous.”
“Inflation keeps the economy growing. The problem with deflation [is that it] encourages me just to sit on them.” ”Deflation is its main failing.”
- http://www.youtube.com/watch?v=-o0LTTnHZJc#t=1247s
Got 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
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[Update: To Anyone Considering This Service, Please Read The Pages Towards Then End Before Sending Any Funds ] ------------ I also sell Bitcoin, and accept payment with any of the above methods. [PayPal, GreenDot MoneyPak, Western Union, MoneyGram, Alert Pay, Liberty Reserve, WMZ, ACH, Wire Transfer]
You are saying that you will accept PayPal as payment for the purchase of Bitcoins?
Awesome![Update: see updates to OP.] The exchange rate fluctuates, but could you provide a number reflecting your fee? e.g., fee from n% to n% over market rate, depending on order size? Also, it appears that you are new here. Would you be willing to use CoinCard escrow for the Bitcoins that I might purchase? I'm rated on the Bitcoin OTC WoT (web of trust): http://bitcoin-otc.com/viewratingdetail.php?nick=sgornick
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talk about BitCoin this morning to a meeting of startup folks at a local incubator in Silicon Valley.
Was there anything else from the event that you found interesting or might be worth sharing? |
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I believe that the bitcoindays measure is a good indicator of market health and participation.
Of course this activity will not reflect activity that occurs within eWallet services such as MyBitcoin and Mt. Gox. Those transactions made between accounts within the service are never seen by the Bitcoin network. |
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For the money in my bank, I don't refer to it as a wallet -- my money is in my account with my bank.
Similarly, my bitcoins at Mt. Gox are not stored in an ewallet. Mt. Gox's web site shows the number of bitcoins in my account with them.
So these are simply "online accounts"?
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Another, that I'm not real keen on, would be where a trader could transfer funds to another trader's account. My response would be, why not just use the bitcoin network for this?
Because the BTC/USD exchange rate fluctuations are so signficant. Assuming the exchange rates on this exchange don't deviate too far from those on Mt. Gox, for instance, then the USD funds held in the exchange can be transferred out (as BTC) at a future date without causing concern that losses could occur should the exchange rate drop in the meantime. There are those who desire a method to electronically transfer funds (in USD) anonymously with their trading partners. I was thinking that theres no reason this exchange cannot serve that function as well. [edited] |
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Tuesday, Apr 19th, 2011- Bitcoin exchange Mt. Gox adds further Websocket API support
Added ability to subscribe to “Trades”, “Ticker” and “Depth”.
- http://bitcointalk.org/index.php?topic=5855.msg88330#msg88330 - New site: Bitcoin Bubble
“Traditional ponzi schemes are illegal, however there are some fundamental differences between a bubble game and a ponzi scheme.”
- http://bitcointalk.org/index.php?topic=6117.0
- http://btcbubble.com - s3052’s Bitcoin Market Technical Analysis
“Bitcoins have indeed evaporated all barriers, including the last remaining one: the previous all time high above $1.10.”
Long term: “Next big targets are $1.70 - $2.00.”
Short term: “Prices may consolidate sideways over the next days before continuing the rally.”
- http://bit.ly/h4bWTm - Article / Blog post:
BitCoin: A Natural Experiment for Credit Union Development? by Matt Cropp in the Credit Union History blog.
“It will be interesting to see how a stable or even de-flating monetary environment will affect credit union growth and structure.”
- http://cuhistory.blogspot.com/2011/04/bitcoin-natural-experiment-for-credit.html - Bitcoin Economy Snapshot
1 BTC = $1.17 USD, Size: 5.96M BTC, Last 24h: 2.46M BTC in 3.5K trx, Difficulty: 92.3K, Forum posts/day: 920, Nodes: 1.8K
- http://twitter.com/#!/bitcoineconomy - Plato’s #BitcoinRoadTrip update: District of Columbia
Follow @TheRealPlato on his cross-country roadtrip where he spends “only bitcoins, no fiat money” from east to west.
- http://therealplato.com (blog) - New CPU Miner: Stealthcoin (A/K/A “Bitcoin: Botnet Edition”)
“A modified bitcoind client that mines gently on a Windows system with minimal impact to the user.”
“Profit potential exists when ignoring cost of electricity.”
- http://github.com/bitcoin2cash/Stealthcoin
- http://en.bitcoin.it/wiki/Stealthcoin - Bitcoin Faucet resumes service
To combat fraudulent attempts to receive free bitcoins, a “community watch” will be implemented:
- http://bitcointalk.org/index.php?topic=5819.msg89236#msg89236 - New IRC channel, #bitcoin on Freenode
Registration of the channel on Freenode was finally made possible. The channel will be used for general bitcoin discussions.
- http://webchat.freenode.net/?channels=#bitcoin (web-based IRC)
- http://bitcointalk.org/index.php?topic=6079.0 - Podcast:
Gavin Andresen on Bitcoin interview by Jerry Brito of Surprisingly Free blog.
Jerry is the author of last weekend’s Bitcoin article in Time Techland.
“Bitcoin, like the Internet, doesn’t really respect national borders. The Internet is the Internet, and data is data. It’s very hard to draw lines at the edges of the border.”
- http://surprisinglyfree.com/2011/04/19/gavin-andresen-on-bitcoin (mp3) - Article / Blog post:
Bitcoin’s Collusion Problem by blogger Timothy B Lee
“[Would it] be possible for a critical mass of nodes to collude to change the rules”? ”It strikes me as highly improbable that the world’s government’s would leave the Bitcoin central bank unregulated.”
- http://timothyblee.com/2011/04/19/bitcoins-collusion-problem - Britcoin resumes service
After a brief interruption, the U.K. based exchange is back online.
- http://www.britcoin.co.uk - Bitcoin-powered Poker site beneficiary of U.S. Poker take-down
Following the U.S. Federal Government’s shutdown of PokerStars, Full Title and other poker sites, one Poker site, betco.in, is seeing a record numbers of visitors:
- http://www.imagebanana.com/view/rrmdrmct/Selection_001.png - Video:
Geoff Golder on the New Crypto-Currency BitCoin by Matt Cropp on ASR
“No less than four different people have all come to me about a project that seems to be breaking to the surface of the zeitgeist.”
- http://asrblog.com/2011/04/18/2011-04-20-geoff-golder-on-the-new-crypto-currency-bitcoin - Minimum order size reduced on Mt. Gox exchange
Orders may now be place for as little as 1 BTC. Previously only orders of 10 BTC or more could be entered.
Got 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
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Sunday, Apr 24th, 2011- Article / Blog post:
Is the bitconomy the frontier of economic innovation? by Duane Jonson, @CanadaDuane
“One could say that while we live in a political democracy, we live in an economic aristocracy.”
“One of the central questions of the French Revolution and earlier the American Revolution was, “Can a society exist, or even thrive without a king?”
- http://bit.ly/eKHNk3 - New software: Moneychanger, a reference implementation (experimental only) of a currency accounting application that accesses the Open Transactions API. Plans for the app include Bitcoin integration to support Bitcoin as one of the currencies used as backing in a currency trading system or payment network.
- http://github.com/FellowTraveler/Moneychanger
- http://en.bitcoin.it/wiki/Moneychanger - New Bitcoin-specific Job board and Freelancer listings: Bitcoiners
Listings include jobs that pay using Bitcoins and a directory of freelancers showing their availability and qualifications.
- http://www.bitcoiners.org
- http://en.bitcoin.it/wiki/Bitcoiners - Bay area finally warms up to Bitcoin?
Silicon Valley Bitcoin Users meetup group in Sunnyvale schedules first meeting, and the San Francisco group is forming. Meetup.com shows six groups now, including NYC, D.C., Chicago, L.A., Tokyo
- http://bitcointalk.org/index.php?topic=6389.0
- http://en.bitcoin.it/wiki/Bitcoin:Community_portal#Events - s3052’s Bitcoin Market Technical Analysis (updates)
“Both [linear and log scale] charts show how bitcoin perfectly follows textbook like chart patterns.”
“The likelihood is high that we see continued rises (after pausing a couple of days [sideways]).”
- http://bit.ly/gc0YvF
Short term: “Another bullish triangle has formed over the last 2 days. Another test [of the $1.95 record level] or breakout above 2 $ possible.”
- http://bit.ly/fd8o7M
Saturday, Apr 23rd, 2011Friday, Apr 22nd, 2011- Article / Blog post in The Bitcoin Weekly:
Expanding the Bitcoin Economy - Legitimate Businesses and Food by Vitalik Buterin
“It is [having those who both earn and use bitcoin in significant quantities] that gives Bitcoin intrinsic value”
- http://bit.ly/eQSQ6f - Video: Don’t Buy Bitcoins
There might be worse ways to spend the next eight and a half minutes of your life. Or not.
- http://www.youtube.com/watch?v=DoK8HXMSsNg
- http://bitcointalk.org/index.php?topic=6311 - Article / Blog post:
Peer-2-Peer Digital Currency: The Long Road Ahead for FinCEN by Mark Herpel, editor of DGC
“PayPal is an extension of the bank account it is not a digital currency”.
“Software designers have now created, built and operate systems that do not generate any of the traditional markers needed for proper regulation”.
“There about a half dozen of these systems operating across the Internet which are known to the public.”
- http://bit.ly/eIl8D7 - Article / Blog post:
On monetary restandardization on the Unqualified Reservations blog
“I would like to see the gold books of all governments, exchanges, and banks. Who is naked? Who is transforming maturities? It won’t happen.”
“But Bitcoin is not centralized, so there is no way the development team can prevent exchanges from operating. These exchanges are obvious targets for numerous predatory authorities. When they are destroyed, the currency dies.”
[Please take the time necessary this weekend to read the article in full. - editor]
- http://unqualified-reservations.blogspot.com/2011/04/on-monetary-restandardization.html - Article / Blog post:
Bitcoin is a thing by Tate Watkins on his blog Short Sentences
“this [Wikileaks] example and this example alone is enough to make Bitcoin novel, interesting, and relevant, and demonstrate its use as a store of value”.
- http://shortsentences.org/2011/04/bitcoin-is-a-thing - Article / Blog post: LewRockwell.com
Poker Freedom post shows a letter by a friend of Lew’s
“It’s taken me less than a week to set up a virtual private network (vpn) that makes it look like I’m playing from another country, acquire a foreign PO Box, …”
- http://www.lewrockwell.com/blog/lewrw/archives/86247.html
Thursday, Apr 21st, 2011- Bitcoin client Spesmilo enters beta-testing:
v0.0.1.beta1 is now available. For Windows, Linux. Connects to local or remote bitcoind via RPC.
- http://bitcointalk.org/index.php?topic=6273.0 - New all time high record level for BTC/USD on Mt. Gox exchange, $1.21.
- Bitcoin Economy Snapshot:
1 BTC = $1.18 USD, Size: 5.97M BTC, Last 24h: 4.42M BTC in 1.9K trx, Difficulty: 92.3K, Forum posts/day: 916, Nodes: 1.8K
- http://twitter.com/bitcoineconomy - S3052’s Bitcoin Market Technical Analysis:
Long term: “Clear rally. No change in outlook”
Short term: “BTC/USD seems to be on the verge of the next breakout from the ascending triangle”
- http://bit.ly/fijXhW - Article / Blog post on TechDirt:
Can Bitcoin Really Succeed Long Term? by Mike Masnic
“I could certainly envision scenarios that lead to rapid Bitcoin (or similar offering) adoption.”
- http://www.techdirt.com/articles/20110420/02412713972 - New exchange:
BitcoinExchange Services - Buys and sells bitcoins using PayPal, MoneyPak, Liberty Reserve, WMZ, ACH, Wire Transfer & more.
- http://bitcointalk.org/index.php?topic=6223.0
Wednesday, Apr 20th, 2011- Bitcoin client v0.3.21 being readied,
The next release of the Bitcoin client is at Release Candidate stage. Help with testing has been requested. Features in the release will include:
- Universal Plug and Play (UPnP), off by default
- Sending and displaying arbitrary precision (e.g. 1.0001)
- SendMany RPC support (make multiple payments in one trx)
- Bug fixes, including a fix for the deadlock issue.
- http://bitcointalk.org/index.php?topic=6189.0 - Article / Blog post in Bitcoin Weekly
Generation and Assimilation of Bitcoin Knowledge by Kiba
“Bitcoin development is done in the bazaar style”. Bitcoin Weekly presents information from the project’s forums “in an easily understandable manner.”
- http://bitcoinweekly.com/articles/generation-and-assimilation-of-bitcoin-knowledge - Press: Forbes Magazine article (May 09, 2011 issue)
Crypto Currency by Andy Greenberg
“For Bitcoin, a subculture of geek-friendly merchants is catching on.”
“Cypherpunk’s adherents saw cryptography as a way to shift power from institutions to individuals.”
- http://bit.ly/gvBqTW - Bitcoin Charts offers data feed - Mt. Gox history trade data
- http://bitcointalk.org/index.php?topic=6193.0 - Article / Blog post:
Jerry Brito defends Bitcoin by Tyler Cowen on the Marginal Revolution blog.
“I just don’t see why the Bitcoin assets are supposed to be so attractive compared to dollars, euros, Swiss francs, and so on.”
- http://marginalrevolution.com/marginalrevolution/2011/04/jerry-brito-defends-bitcoin.html - Article / Blog post:
Jerry Brito continues the conversation on Bitcoin that ramped after his Bitcoin article was recently published in TIME’s TechLand.
“Hopefully governments will prosecute those who do ill, and not simply seek to ban the technology. If they do, that’s a battle we’ll have to be prepared to fight.”
- http://techliberation.com/2011/04/20/bitcoin-intermediaries-and-information-control - Podcast: Cypherpunkd Episodes 011 and 012
Introduction to Open-Transactions Financial Crypto System and Integration with Bitcoin on AgoristRadio
Interviewed is FellowTraveler, founder of Open Transactions. Discussed is how Open Transactions picks up where Bitcoin comes up short (e.g. instantaneous transactions, chaumian blinding, and more) and how a combination of the two provides incredible utility.
- http://agoristradio.com/?p=234 (Part 1 of 2)
- http://agoristradio.com/?p=246 (Part 2 of 2) - Latest from Plato on his #BitcoinRoadTrip cross-country Bitcoin-only trip
“… asked if I liked Bitcoin for its technology, economics, or politics. I had to answer ‘all three,’ but I lean a little bit to the political side of the table. David and Jake do too”.
- http://therealplato.com/post/4783447916 - New Bitcoin client for Windows: Bitdollar
The client provides the option to encrypt the wallet and protect it with a password.
“Goal is to manage bitcoin protocol exactly like bitcoin client.”
- http://bitcointalk.org/index.php?topic=6111.0
- http://en.bitcoin.it/wiki/Bitdollar - Article / Blog post:
The economics of Bitcoin by Tyler Cowen, Economist, on his blog Marginal Revolution
“The lesson here is that enough of you ask me about a topic, eventually I will blog it.”
“The currency will fall to near-zero in value. Hold it at your own risk.”
- http://marginalrevolution.com/marginalrevolution/2011/04/the-economics-of-bitcoin.html
In the comments is a response by Jon Matonis:
“Free individuals can generate a mass illusion just as a central bank creates the mass illusion of paper as value.” - Video:
Hive45 Singularity Podcast #53 - Bitcoin P2P Virtual Currency by Hive45
“The potential for [Bitcoin] is just absolutely ridiculous.”
“Inflation keeps the economy growing. The problem with deflation [is that it] encourages me just to sit on them.” ”Deflation is its main failing.”
- http://www.youtube.com/watch?v=-o0LTTnHZJc#t=1247s
Tuesday, Apr 19th, 2011- Bitcoin exchange Mt. Gox adds further Websocket API support
Added ability to subscribe to “Trades”, “Ticker” and “Depth”.
- http://bitcointalk.org/index.php?topic=5855.msg88330#msg88330 - New site: Bitcoin Bubble
“Traditional ponzi schemes are illegal, however there are some fundamental differences between a bubble game and a ponzi scheme.”
- http://bitcointalk.org/index.php?topic=6117.0
- http://btcbubble.com - s3052’s Bitcoin Market Technical Analysis
“Bitcoins have indeed evaporated all barriers, including the last remaining one: the previous all time high above $1.10.”
Long term: “Next big targets are $1.70 - $2.00.”
Short term: “Prices may consolidate sideways over the next days before continuing the rally.”
- http://bit.ly/h4bWTm - Article / Blog post:
BitCoin: A Natural Experiment for Credit Union Development? by Matt Cropp in the Credit Union History blog.
“It will be interesting to see how a stable or even de-flating monetary environment will affect credit union growth and structure.”
- http://cuhistory.blogspot.com/2011/04/bitcoin-natural-experiment-for-credit.html - Bitcoin Economy Snapshot
1 BTC = $1.17 USD, Size: 5.96M BTC, Last 24h: 2.46M BTC in 3.5K trx, Difficulty: 92.3K, Forum posts/day: 920, Nodes: 1.8K
- http://twitter.com/#!/bitcoineconomy - Plato’s #BitcoinRoadTrip update: District of Columbia
Follow @TheRealPlato on his cross-country roadtrip where he spends “only bitcoins, no fiat money” from east to west.
- http://therealplato.com (blog) - New CPU Miner: Stealthcoin (A/K/A “Bitcoin: Botnet Edition”)
“A modified bitcoind client that mines gently on a Windows system with minimal impact to the user.”
“Profit potential exists when ignoring cost of electricity.”
- http://github.com/bitcoin2cash/Stealthcoin
- http://en.bitcoin.it/wiki/Stealthcoin - Bitcoin Faucet resumes service
To combat fraudulent attempts to receive free bitcoins, a “community watch” will be implemented:
- http://bitcointalk.org/index.php?topic=5819.msg89236#msg89236 - New IRC channel, #bitcoin on Freenode
Registration of the channel on Freenode was finally made possible. The channel will be used for general bitcoin discussions.
- http://webchat.freenode.net/?channels=#bitcoin (web-based IRC)
- http://bitcointalk.org/index.php?topic=6079.0 - Podcast:
Gavin Andresen on Bitcoin interview by Jerry Brito of Surprisingly Free blog.
Jerry is the author of last weekend’s Bitcoin article in Time Techland.
“Bitcoin, like the Internet, doesn’t really respect national borders. The Internet is the Internet, and data is data. It’s very hard to draw lines at the edges of the border.”
- http://surprisinglyfree.com/2011/04/19/gavin-andresen-on-bitcoin (mp3) - Article / Blog post:
Bitcoin’s Collusion Problem by blogger Timothy B Lee
“[Would it] be possible for a critical mass of nodes to collude to change the rules”? ”It strikes me as highly improbable that the world’s government’s would leave the Bitcoin central bank unregulated.”
- http://timothyblee.com/2011/04/19/bitcoins-collusion-problem - Britcoin resumes service
After a brief interruption, the U.K. based exchange is back online.
- http://www.britcoin.co.uk - Bitcoin-powered Poker site beneficiary of U.S. Poker take-down
Following the U.S. Federal Government’s shutdown of PokerStars, Full Title and other poker sites, one Poker site, betco.in, is seeing a record numbers of visitors:
- http://www.imagebanana.com/view/rrmdrmct/Selection_001.png - Video:
Geoff Golder on the New Crypto-Currency BitCoin by Matt Cropp on ASR
“No less than four different people have all come to me about a project that seems to be breaking to the surface of the zeitgeist.”
- http://asrblog.com/2011/04/18/2011-04-20-geoff-golder-on-the-new-crypto-currency-bitcoin - Minimum order size reduced on Mt. Gox exchange
Orders may now be place for as little as 1 BTC. Previously only orders of 10 BTC or more could be entered.
Monday, Apr 18th, 2011Got 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.
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This was a one time event, and the amount of USDs in the Bitcoin Exchange will never change it is a constant force that enables the ability to trade.
I'm missing something basic then. So though your service might not be able to be shut down by technical means, wouldn't the same end result be possible by simply selling bitcoins until all USD in the exchange become owned by the opposing force? |
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Here's a pretty decent article from Fast Company titled "The Sharing Economy": - http://www.fastcompany.com/magazine/155/the-sharing-economy.htmlFrom the article: "Amazon came first, then eBay, and peer-to-peer is next. It's almost as far as you can get on the spectrum of goods exchanged," That evolution (from a centralized model to a centralized+P2P hybrid model to finally a pure P2P model) is also described here in a post by Tim Hyer of RentCycle: http://blog.rentcycle.com/building-the-bridge-to-p2pSpecifically Tim describes that until eBay really took off, we as a society were too fearful of doing business P2P-style with strangers. Once that fear eased, Craigslist was able to dominate its market. "It’s all about baby steps and doing what’s right at the appropriate time." |
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