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http://www.coindesk.com/wagepoint-bitcoin-payroll-service-canada/It’s official, bitcoin-based payroll is coming to North America. Online payroll management firm Wagepoint is planning to integrate the feature into its product for Canadians next Monday, with a US rollout expected in January.
Bitcoins will hit employee wallets once the payroll has been processed. Any tax deductions will be handled before the bitcoins are converted, meaning that the employee will only receive bitcoins from their net pay.
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http://www.wired.com/wiredenterprise/2013/11/ddos_bitcoin/The extortionists contacted BTC-China in mid-September. Over instant-message chats, they first said they wanted just a few hundred dollars — paid out in bitcoins, naturally — but the demands soon escalated. BTC-China CEO Bobby Lee doesn’t want to get into specifics, but he says that they claimed to have been hired by one of his competitors. He doesn’t believe this, but he thinks that other Bitcoin companies should be concerned.
“The DDoS attackers are hitting more and more of us, and it’s going to be a widespread problem,” he says. Since, September, there have been dozens of these attacks on BTC-China. According to Lee, one of them used up a remarkable 100 G/bits per second in bandwidth.
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http://www.perthnow.com.au/news/opinion/why-the-bitcoin-bubble-will-burst/story-fnhocuug-1226767812837 Jessica Irvine National Economics Editor PerthNow November 26, 2013 3:14AM The floating Aussie dollar turns 30 next month, but a new digital currency "bitcoin" is taking the world by storm.
So should you run out an buy bitcoins?
Short answer: no.
Remember, currencies are only worth what people will pay for them. And that depends on trust and scarcity.
First, scarcity. While the number of bitcoins is supposed to stop at 21 million, whose to say that will happen? The whole point is that it is user generated and not policed by a middle man.
Which brings me to trust. All transactions must be based on trust, and it's hard to see how anonymous users making promises to each other can be trusted in the long term There is a genuine revolution underway in internet transactions. But bitcoin is a distraction. It's a classic bubble.
Trust me.
Epic Fail 
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http://www.inc.com/christine-lagorio/bitcoin-goes-to-washington.htmlThat's one of the lessons that can be drawn from Bitcoin's appearance before the Senate Committee on Homeland Security and Government Affairs last week. Despite warnings from law enforcement officials that Bitcoin has made its way into child pornography, firearms, illegal drugs, money laundering, and gambling, the overall atmosphere at the hearing was exceedingly friendly. In fact, officials from the U.S. Department of Justice, the U.S. Secret Service, and the Treasury Department repeatedly cited the positive attributes of Bitcoin, including: "innovative ways to move money" and "potential to support more efficient and transparent global commerce."
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http://www.zdnet.com/bitcoin-developers-offer-10000-virtual-bounty-to-fix-mystery-mac-bug-7000023632/Bitcoin developers and their counterparts backing the younger, rival virtual currency Litecoin have thrown together a virtual bounty worth around $10,000 for anyone who can figure out what's causing a data corruption issue in certain Bitcoin and Litecoin wallets on Macs.
s some first noted several months ago, the introduction of the LevelDB key store database into the Bitcoin-qt client versions 0.8.x (currently at 0.8.5) coincided with a data corruption bug affecting Bitcoin users on Mac OS X machines.
It seems Apple does all possible to keep bitcoin away from their products.
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http://dealbook.nytimes.com/2013/11/25/render-unto-caesar-but-who-backs-the-bitcoin/Bitcoin, in the short or even long term, may turn out be a good investment in the same way that anything that is rare can be considered valuable. Like baseball cards. Or a Picasso. That’s because there are only so many of them.
But bitcoin aspires to be much more than a collectible, or frankly, even gold. It aspires to be a universal electronic currency. On that score, it is unlikely to succeed.
In truth, the best bitcoin can hope for is to be a second-rate version of gold, if that. And Warren Buffett once described gold this way: “Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
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Just watched Peter Schiff speaking about bitcoin and gold and found how deep is he in his delusion. The main argument against gold and other precious metals is that they can be synthesized. As soon as humanity discover cheap way to produce enormous amounts of energy (i.e. fusion), gold/platinum/palladium will be produced from cheap sources like mercury by a process called "transmutation". I guess in 20-30 years gold will completely lost its value and become just another industrial metal. The same has already happened with DIAMONDS which can be cheaply produced by chemical reaction. The only reason they are still expensive is repressive regulation by monopolies such as De Beers which prohibit free circulation of synthetic diamonds. In opposite, the generation of bitcoins cannot be accelerated at all, and, to crack private key it won't be enough the whole energy generated by our Sun for all the time it exists. It is possible in particle accelerators or nuclear reactors, although the production cost is currently many times the market price of gold. Since there is only one stable gold isotope, 197Au, nuclear reactions must create this isotope in order to produce usable gold.
Gold synthesis in an accelerator
Gold synthesis in a particle accelerator is possible in many ways. The Spallation Neutron Source has a liquid mercury target which will be transmuted into gold, platinum, and iridium, which are lower in atomic number than gold.[citation needed]
Gold synthesis in a nuclear reactor
Gold was synthesized from mercury by neutron bombardment in 1941, but the isotopes of gold produced were all radioactive.[12] In 1924, a Japanese physicist, Hantaro Nagaoka, accomplished the same feat.[13]
Gold can currently be manufactured in a nuclear reactor by irradiation either of platinum or mercury.
Only the mercury isotope 196Hg, which occurs with a frequency of 0.15% in natural mercury, can be converted to gold by slow neutron capture, and following electron capture, decay into gold's only stable isotope, 197Au. Other mercury isotopes are converted when irradiated with slow neutrons into one another, or formed mercury isotopes which beta decay into thallium.
Using fast neutrons, the mercury isotope 198Hg, which composes 9.97% of natural mercury, can be converted by splitting off a neutron and becoming 197Hg, which then disintegrates to stable gold. This reaction, however, possesses a smaller activation cross-section and is feasible only with un-moderated reactors.
It is also possible to eject several neutrons with very high energy into the other mercury isotopes in order to form 197Hg. However such high-energy neutrons can be produced only by particle accelerators.[clarification needed].
In 1980, Glenn Seaborg transmuted several thousand atoms of bismuth into gold at the Lawrence Berkeley Laboratory. His experimental technique, using nuclear physics, was able to remove protons and neutrons from the bismuth atoms. Seaborg's technique would have been far too expensive to enable the routine manufacture of gold, however
Source: http://en.wikipedia.org/wiki/Synthesis_of_precious_metals#Gold_synthesis_in_an_acceleratorSynthetic diamond (also known as laboratory-created diamond, laboratory-grown diamond, cultured diamond or cultivated diamond) is diamond produced in an artificial process, as opposed to natural diamonds, which are created by geological processes. Synthetic diamond is also widely known as HPHT diamond or CVD diamond after the two common production methods (referring to the high-pressure high-temperature and chemical vapor deposition crystal formation methods, respectively).
Gem-quality diamonds grown in a lab can be chemically, physically and optically identical (and sometimes superior) to naturally occurring ones. The mined diamond industry has undertaken legal, marketing and distribution countermeasures to protect its market from the emerging presence of synthetic diamonds.
Souce: http://en.wikipedia.org/wiki/Synthetic_diamond |
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Therapy thread |
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Is in progress. Keep cool |
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http://www.forbes.com/sites/andygreenberg/2013/11/18/meet-the-assassination-market-creator-whos-crowdfunding-murder-with-bitcoins/For now, the site’s rewards are small but not insignificant. In the four months that Assassination Market has been online, six targets have been submitted by users, and bounties have been collected ranging from ten bitcoins for the murder of NSA director Keith Alexander and 40 bitcoins for the assassination of President Barack Obama to 124.14 bitcoins–the largest current bounty on the site–targeting Ben Bernanke, chairman of the Federal Reserve and public enemy number one for many of Bitcoin’s anti-banking-system users. At Bitcoin’s current rapidly rising exchanges rate, that’s nearly $75,000 for Bernanke’s would-be killer.
Hmm. This article is like a provocation on the day of senate hearing.
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http://www.scmp.com/business/banking-finance/article/1358150/hong-kong-entrepreneurs-could-win-slice-bitcoin-pieAn influential digital currency evangelist says Hong Kong can grab a huge slice of the controversial multibillion-dollar bitcoin industry as US hostility towards virtual money increases.
Roger Ver, 34, a bitcoin millionaire, told the South China Morning Post that efforts to disrupt the digital currency money market would be futile. Anthony Hope, a former British government finance official now involved in virtual money compliance, said it was unlikely Hong Kong would rush to regulate bitcoins without following the US approach to regulation.
"Asia will wait and see what happens on the US and EU side before it makes a very firm move. But what you see from the Hong Kong and Singaporean governments is realism … to attempt to make regulation as it comes."
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only $345 @ bitstamp yet BUYBUYBUY!  |
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US citizen, who lives abroad, wants to buy expensive home abroad paying with bitcoin. The price in contract will be in BTC. Does it trigger any US taxes? P.S. his dumb lawyer is not sure  |
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Three Currency Scams to Avoid at All CostsToday I've been surprised a bit to find a paid advertisment pointing to this outdated article on the top of Google search results for "bitcoin". I'm posting it here since i haven't found any reference to this article on bitcointalk. Just curious why does wallstreetdaily pay for showing this "scam accusation" on google righ now. What a dirty game. Pounds, Dinars and Bitcoin… Oh My!
One of our jobs here at Wall Street Daily is to help you sniff out scams a mile away. And for some reason, people are drawn to one troublemaker in particular: currency scams.
Maybe it’s the sheer mystery of investing in foreign currencies, like the dinar – or even fantasy currencies like Bitcoin. Either way, there are three currency stories making their rounds on the internet lately that are certainly garnering attention – which you should avoid at all costs.
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Recently I've met a former classmate who is now exporting factory equipment from China to central Asia.
I persuaded him to try bitcoin as medium of payment for his business deals and he confirmed that it would be interesting and can even let him save (they work in highly corrupted country and skipping bank transfer will let them save a lot).
I agreed to help him with consulting and guiding through the process of obtaining and transferring BTC.
As I see, technically it would work the way when central Asian business buys btc for cheapest rate directly from trusted sellers, then Chinese partner receives bitcoins and exchanges it to CNY on BTCchina.
However, Chinese partners are in doubt if it's legitimate for Chinese business entity to accept bitcoin and convert in yuan, so, now we have to find strong arguments to convince them.
I'm asking Chinese people on this forum to post any links to relevant resources (preferably in official chinese media), which prove the legitimacy of such business scheme.
P.S. I believe this will be significant achievement for bitcoin in a whole when such a large scale international businesses will start using it for their settlements in import/export operations.
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Thank you bears for some cheap coins. I need it more than you.
Hope you are now happy with your fiat. Now go and buy extra Big Mac with your "profit".
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