Latest posts of: LiteCoinGuy

Internet trends report | Mary Meeker, KPCB | Code Conference 2016

https://www.youtube.com/watch?v=334Gfug5OL0

Second-in-command at Silk Road 2.0 sentenced to 8 years in prison

The second-highest administrator on Silk Road 2, the copycat site that followed the shuttered underground drug website Silk Road, was sentenced Friday to eight years in prison—the same term that government prosecutors asked the judge to impose.

http://arstechnica.com/tech-policy/2016/06/second-in-command-at-silk-road-2-0-sentenced-to-8-years-in-prison/

and he owned not bitcoins? sure.... Roll Eyes

“Five Presidents” EU’s Jean-Claude Juncker Drunk in Public, Slaps Leaders

Prominent British Member of Parliament Michael Gove received rave reviews for his performance on Sky TV’s European Union Referendum debate on Friday night. One of Gove’s many well-received points concerned the “Five Presidents” who run the EU – whom nobody can name.

http://heatst.com/uk/five-presidents-eus-jean-claude-juncker-drunk-in-public-slaps-leaders/

Must watch! Grin

Why Dumb Networks Are Better

In computer and communications networks, decentralization leads to faster innovation, greater openness, and lower cost. Decentralization creates the conditions for competition and diversity in the services the network provides.

https://medium.com/@aantonop/why-dumb-networks-are-better-f0b94c271b76#.tay7wvu2l

Did China Drive Bitcoin's Price to 2016 Highs?

The price of bitcoin surged nearly 20% during the week ending 3rd June, rising to its highest point in 20 months. But what was the cause of the increase?

Mainstream media sources have largely attributed this sharp increase to demand from the Chinese market, prompted by yuan devaluation. But not everyone agreed with this explanation, as some market experts asserted that the rally was tied to other developments both within and outside of the digital currency ecosystem.

http://www.coindesk.com/china-drive-bitcoins-price-2016-highs/

Just a reminder. Prepare the popcorn.

Why the Bitcoin Price Matters

Who pays too much attention to the price?

There are two main groups of people that have an unhealthy obsession with the price of bitcoin. First are the people who pay too little attention, a group that comprises nearly the entire world. This group has no knowledge of the developments within the community or the underlying technology but can easily understand the straightforward barometer of price.

http://www.itsjoe.co/why-the-bitcoin-price-matters/

Bitcoin’s best funded startup offers marketplace for user collected data

21 Inc. is a privately-held bitcoin hardware company that launched in May 2015, having raised over $121 million in venture capital, more than any other company in the bitcoin space to date. The company's stated goal is “putting a bitcoin miner in every device and in every hand.”

http://bravenewcoin.com/news/bitcoins-best-funded-startup-starts-marketplace-for-user-collected-data/

Why we should hide the bitcoin address

IP addresses are the backbone of the internet, but the internet would have never been so big if we would still show them to the user. Bitcoin addresses are the backbone of bitcoin, you can’t send a transaction without it, but it is time to hide it for good.

https://medium.com/@kaibakker/1nqxv5uuz1vffye5av39wvqkdbt8x37cqj-hide-the-bitcoin-address-e1ac9119b7ca#.kzq8rpan4

Bitcoin has been the world’s strongest currency in 2015

(And it was in 2010, 2011, 2012, 2013.)

https://medium.com/@BambouClub/best-and-worst-performing-currencies-in-2015-d1e62088bc29#.mmdmpfpla

Bitcoin & China? Virgilio from Bitbank.com owns 14% hash

https://www.youtube.com/watch?v=W6r4iiZTEgg

fuck, that is cheap energy.

CFTC Fines Bitcoin Exchange Bitfinex $75,000 Over Trading Violations

Hong Kong-based bitcoin exchange Bitfinex has settled with the US Commodity Futures Trading Commission (CFTC) following an investigation into its financed trading activities.

http://www.coindesk.com/cftc-bitcoin-exchange-bitfinex-trading-violations/

Digital Currency 'Still on the Agenda' at Russian Central Bank

The head of a recently created unit at the Central Bank of Russia devoted to exploring financial technologies sees a wide-reaching role for blockchain use in finance, according to a recent interview.

http://www.coindesk.com/russias-central-bank-theres-cautious-optimism-blockchain/

ban, no ban, ban, no ban, ....

Coinbase and ARK Invest Report Argues Bitcoin is a New Kind of Asset Class

A new report argues that bitcoin should be considered the first in an entirely new kind of asset class.

http://www.coindesk.com/coinbase-ark-invest-bitcoin-new-asset-class/

Vinay Gupta- Blockchain Beyond Bitcoin

https://www.youtube.com/watch?v=YaH5HDhtWo4&feature=youtu.be

Understanding the Lightning Network

The Lightning Network is probably the most highly anticipated technological innovation to be deployed on top of Bitcoin. The payment layer, first proposed by Joseph Poon and Tadge Dryja about a year ago, promises to support a virtually unlimited number of off-chain transactions among users, at nearly no cost – while leveraging the security offered by Bitcoin.

https://bitcoinmagazine.com/articles/understanding-the-lightning-network-part-building-a-bidirectional-payment-channel-1464710791

Fed records show dozens of cybersecurity breaches

The U.S. Federal Reserve detected more than 50 cyber breaches between 2011 and 2015, with several incidents described internally as "espionage," according to Fed records.

The central bank's staff suspected hackers or spies in many of the incidents, the records show. The Fed's computer systems play a critical role in global banking and hold confidential information on discussions about monetary policy that drives financial markets.

http://www.reuters.com/article/us-usa-fed-cyber-idUSKCN0YN4AM