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81  Other / Off-topic / Re: Best Cartoon Ever? on: January 27, 2016, 12:52:09 PM
Original Looney Toons and original Tom & Jerry. Love the cartoon violence and semi-adult humor.

The violence never did affect me negatively, but I did jump off of the roof with an umbrella as a kid, as well as pouring Dr Pepper in my ear, so it would come out the other one.

Fun Stuff!
82  Bitcoin / Press / [2016-01-27]Bitcoin Price Watch; Upside Scalp Trade on: January 27, 2016, 12:50:24 PM
Yesterday, in light of the recent action, we tightened up our parameters and looked at bring a single breakout approach into play.


It’s been a tough first half of the week this week, and last night’s action continued this trend. First we fell foul to a misplaced target on a head and shoulders short (which we talked about in yesterday’s analysis) and then we got chopped out of a short term scalp for a few dollar loss.

Yesterday, in light of the recent action, we tightened up our parameters and looked at bring a single breakout approach into play. Tight targets and tight stops meant we didn’t have too much exposure on our entries, but this doesn’t make returning money to the market any easier, and return money to the market we did. We slated yesterday’s range as in term support at 393 and in term resistance at 397 – the assumption being that if we broke through support we’d probably get a sustained run to the downside (as it would suggest negative sentiment) and if we cleared resistance, we could probably break 400 flat and get a boost on the psychological relevance of this number. As it turned out, we did get a break, but not the follow through action for which we’d hoped, Price broke through in term support on a couple of occasions yesterday afternoon/evening, and we entered twice to the downside. On both entries the bitcoin price reversed before it could reach our target, and took out our stop losses. A third entry came along which we didn’t take (as by this time the two stop hits had invalidated our predefined levels) and ironically this time we did see the follow through and what would have been a target hit on entry.

Essentially, this is the definition of choppy action. Textbook. Not to worry, however. We’ve got a fresh session ahead of us today, so let’s see if we can’t put all this behind us and win back some of our losses (and more). Here’s what we’re looking at. Take a quick look at the chart to get an idea of our key levels first.

Read more http://www.newsbtc.com/2016/01/27/bitcoin-price-watch-upside-scalp-trade/
83  Bitcoin / Press / [2016-01-27]Blockchain and bitcoin roundup: what’s current with cryptocurrency on: January 27, 2016, 12:49:28 PM

As always there’s a lot happening in the blockchain and bitcoin space, which seems to move at 100mph on a slow day. To help you keep track we’ve combined the headlining stories this week.


Zcash

We’ve had Peercoin, Emercoin, Nxt and even Dogecoin but now Zcash has emerged as the latest cryptocurrency wave-maker.

Zcash, much like its bitcoin predecessor, utilises the blockchain. Where this new currency differs, according to its creators, is in its ability to be completely anonymous. Zcash can mask the sender or receiver of the transaction if either party wish it so, unlike bitcoin which is processed via a public ledger.

‘Consumers want to buy and sell things over the internet and need privacy from snips who might use the knowledge of their transactions against them,’ Zooko Wilcox, cryptographer and creator of Zcash.

A number of investors have jumped on board, with particular attention being paid to Naval Ravikant, who was an early champion of Twitter and Uber.

The interest in Zcash could be down to its interesting ‘for-profit’ model, whereby all transactions using the currency will be ‘taxed’ 11%.

What’s a bitcoin?

A Rutgers University study has found that no matter how much you use bitcoin you never really understand that much more.

The research found that more experienced users showed similar levels of knowledge and ineptitude as those completely new to the cryptocurrency. The largest misconception displayed by users was an overestimation of just how private bitcoin usage actually is.

‘Many of the users’ descriptions of the bitcoin protocol did not match how the protocol actually works,’ the paper writes. ‘Yet this did not prevent them from being able to buy, sell and trade bitcoins for goods and services.’

Security issues

Banks putting their blockchain eggs in one basket should consider the ramifications, according to Greg Medcraft, chair of the International Organization of Securities Commissions (IOSCO).

The IOSCO watchdog has warned investors in the technology that they’ll still need to reassure customers that the blockchain process is secure and that transactions made on it are safe.

‘One way to get consumer confidence is that someone has to look at the issue of fraud,’ Medcraft told the Financial Times. ‘Exchanges have to guarantee the customer behind [the trade].’

Medcraft is also a chair of the Australian Stock Exchange (ASX), which last week charged blockchain firm Digital Asset Holdings with the task of developing a distributed ledger solution for their equities trading market.

The whole truth

Goldman Sachs co-head of technology and managing director Don Duet opened has labelled blockchain technology as a something that will improve the entire financial industry.

‘You could ask the question: Why couldn’t this have been designed before?’ states Duet on a company podcast. The awareness that the financial community is beginning to show about blockchain, he adds, is exciting.

Blockchain, he continues, is able to provide a ‘single truth’ for companies that need to share information on transactions.

Distributed ledger technology, according to Duet, gives firms an opportunity to reconcile onto a single system for everyone, as opposed to multiple disparate solutions competing against one another.

More https://ibsintelligence.com/ibs-journal/ibs-news/blockchain-and-bitcoin-roundup-what%E2%80%99s-current-with-cryptocurrency/
84  Bitcoin / Press / [2016-01-27]Ransomware author tries to blackmail security researcher into taking on: January 27, 2016, 12:48:40 PM
Ransomware author tries to blackmail security researcher into taking down 'educational' malware project

The author of the Magic ransomware unsuccessfully attempted to blackmail a security researcher into taking down two open-source 'educational' malware projects on GitHub.

Magic, a malicious program which is written in C# and which demands 1 Bitcoin from its victims, is the second strain of ransomware discovered in January to have been built on malware that has been made available to the public for 'educational' purposes.

The first threat, Ransom_Cryptear.B, is based on an open-source project called Hidden Tear, which is currently hosted by Turkish security researcher Utku Sen on his GitHub page.

According to Security Week, Sen was able to break the encryption algorithm of the Ransom_Cryptear.B malware soon after its discovery due to a flaw he had intentionally left in Hidden Tear's code. Sen ultimately used that flaw to recover victims' files without requiring them to pay the ransom.

The story of the Magic ransomware does not have such a happy ending for users, however.

The Magic ransomware strain is based on EDA2, another file-encrypting project developed by Sen, which contains the code for the ransomware executable and the encryption algorithm, as well as a PHP web panel that acts as the command and control (C&C) server for storing victims' encryption keys.

Quite the unfortunate turn of events. But that's not where the story ends.

As it turns out, the ransomware author had a backup of the encryption keys and agreed to release all of them for free on two conditions: that Utku Sen pay him three Bitcoins (currently approximately US $1200), and that he also take down his Hidden Tear GitHub project.

Ultimately, Sen says he was able to convince the attacker to drop the Bitcoin payment, and nothing has happened since that agreement was made.

Curious about the current status of things, Softpedia reached out to Sen, who has since provided the following update:

More https://www.grahamcluley.com/2016/01/ransomware-author-tries-blackmail-security-researcher-taking-educational-malware-project/
85  Bitcoin / Press / [2016-01-27]Daily Bitcoin Price Analysis: Bitcoin Sideways Trend Continues on: January 27, 2016, 11:14:40 AM
Our forecasts for yesterday came true, Bitcoin price was in the corridor of $390 - $400 and near its upper limit. The sideways trend has been going for several days now. The rise and fall in global stock markets had a limited impact on the price of Bitcoin.

On Tuesday, January 26 2016, the price of oil fell below $30, which was reflected on the Asian stock markets immediately. Shanghai Composite Index fell by 6.4%, Shenzhen Composite Index fell by 7.12%, Nikkei dropped by 2.3%, Topix went down by 2.3%. And the oil market today are in surplus. Iraq increased oil production in 2015 and plans to increase it further in 2016. Iran, which recently withdrew from sanctions, also plans to increase oil production. It will further oversupply the oil in the market, thus lowering prices.

Another reason for the collapse of the Chinese stock exchanges is the outflow of money from the country. In December, China withdrew $158 billion. Investors leave China because of the fear of devaluation of the Yuan. Therefore, in the future we can expect a continuation of the decline on the World’s stock markets. BitcoinCT r:  6, however, doesn’t react on the changes in the market environment. But we can expect in the nearest future that the price will move up.

Today, January 27 2016, the Fed will release a decision on the interest rate. In December, the Fed raised interest rates, that showed confidence in the US economy. Today, it is expected that the rate will not increase. However, comments on the Fed's decision are especially interesting, as it will reflect the current situation of the US economy, as well as plans for monetary policy.

http://cointelegraph.com/news/bitcoin-price-sideways-oil-fed
86  Other / Off-topic / Re: How do you earn money online? on: January 27, 2016, 11:10:12 AM
UI TESTING (test apps and websites to see how easy they are to use)
TRANSCRIPTION (do this first then branch out to Captioning)
ONLINE TEACHING (English or other languages)
MAKE FREE WEBSITE -then i sell it
87  Other / Off-topic / Re: What Song are you Listening To? on: January 27, 2016, 11:07:50 AM
Lyfe Jennings - Never Never Land, that is one also one of my favorites , "Never Never Land
right next to peter pan cause"
88  Other / Off-topic / Re: Thoughts on Marriage? on: January 27, 2016, 11:05:04 AM
Marriage is great but it is definitely a lot of work. Love is the easy part of marriage. You really have to have patience and dedication to make it work. Don't worry about all the statistics out there regarding divorce. Most people just aren't dedicated and are always looking for an easy way out of things. You will know when you are ready
89  Bitcoin / Press / [2016-01-26]Bitpay & Microsoft are Adding Full Nodes to the Bitcoin Network on: January 27, 2016, 10:59:33 AM
BitPay has announced its new feature service with Microsoft’s Azure blockchain as a service (BaaS) platform. The Bitcoin-based merchant processor BitPay will allow people to run a full Bitcoin node on the cloud.

The company wants to lower the barrier to entry for those who want to run a full node. They say that whether you are a company or an enthusiast who wants to support the system, Bitcore may be your solution. In its recent blog post, BitPay said, “running a full node is the best way to do it.” The company says that anyone can host a node with Bitcore on the Azure cloud without the need for hardware or devices. Bitcore’s website describes it as “ A powerful, modular node for bitcoin and blockchain-based apps.”

Bitcore is said to have a large set of Node.js language libraries to enable more functionality and a native set of utilities for testing and developing services with the digital currency. BitPay says that this feature allows people to run full nodes without “relying on third party APIs for querying the blockchain.” The company has also implemented the Copay wallet into the backend and users can choose to use it or another client of their choice. In order to use the cloud, user systems will need the Node.js, 100GB of disk storage, and at least 4GB of RAM. Bitcore’s documentation reads:

More https://news.bitcoin.com/bitpay-microsoft-adding-full-nodes-bitcoin-network/
90  Bitcoin / Press / [2016-01-27]Bitcoin technology could help banks trim costs, improve service on: January 27, 2016, 10:57:04 AM
Bitcoin technology could help banks trim costs, improve service: experts

TORONTO - The virtual currency Bitcoin has earned a reputation as a plaything for libertarians or a tool used to covertly buy drugs on the Internet.
But more recently the technology underlying the currency — referred to as "blockchain" or "distributed ledger" technology — is being touted as the next big thing poised to transform the financial services industry.
In order to prevent themselves from being blindsided, Canadian banks are jumping on board, exploring ways the technology can help streamline their processes.
"I do think blockchain is a massive opportunity," Linda Mantia, executive vice-president of digital, payments and cards at Royal Bank (TSX:RY), said during a panel discussion on financial disruption in Toronto late last year.
"The banks are playing a huge role in shaping what's going to happen with blockchain," she added.
Blockchain technology works by maintaining a shared ledger containing the details of every transaction and distributed through a network of participating computers.
In essence, it provides a faster, cheaper and more secure way to transfer money by cutting out the middle man.

Although Bitcoin was first perceived as a disruptive threat to the banks, creating the opportunity for customers to transfer money between each other directly, the technology that underpins it now promises to improve the banking experience in a number of areas, including cross-border transactions.
Currently, when a customer wants to wire money to another bank, it's a tedious, costly and time consuming process that typically requires a visit to a bank branch to fill out a lengthy paper form.
"It's a huge pain," says Ryan Connors, chief technical officer of Kitchener, Ont.,-based Green Brick Labs, a cryptocurrency startup.

"I'm a pretty smart guy and I mess up my bank transfers 50 per cent of the time. It is not user friendly whatsoever."
Connors says adopting blockchain technology could allow banks to transact directly between one another, saving on the fees they pay to companies like SWIFT that verify cross-border transactions. For customers, that could mean faster and cheaper cross-border transactions from the comfort of their homes.

However, that kind of application could be years away.
Blockchain technology is still in its infancy and widespread adoption by the world's financial services institution would be necessary to replace the status quo, according to Matthew Spoke, strategy and execution lead at Rubix, a blockchain software platform launched by professional services firm Deloitte.
For the time being, banks are studying ways that the technology could help them streamline their own internal processes — something that could reduce headaches for clients and amount to massive cost savings for the institutions.

More read http://www.kelownadailycourier.ca/business_news/national_business/article_31516b1a-aa89-50fc-b95d-5ef0520b22f1.html
91  Bitcoin / Press / [2016-01-27]Mercator Advisory Group’s Report Investigates Use Cases of Blockch on: January 27, 2016, 10:55:29 AM
Mercator Advisory Group, the trusted advisor to the payments and banking industries globally, has recently released a report, entitled “Blockchain in Corporate Banking: What’s Up?”, that examines activity in blockchain technology and use cases for corporate banking expected to be piloted in this year.

“2016 predicted to be breakout year for blockchain technology in corporate banking”, the report says.

More and more banks are now undertaking blockchain research to explore its potentials and the rush to invest in blockchain technology has hit a “feverish” pitch, the report noted. However, almost all blockchain activity has been related to consumer applications so far.  Mercator expects several use cases to be piloted during the course of this year by “at least two” of the many collaborative projects launched in 2015.

The report studies recent investment and collaboration in developing blockchain technology, predictions for corporate banking use cases expected to be piloted in 2016 and expectations around the use of cryptocurrency in corporate banking.   

The newest research note, authored by Steve Murphy, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service, discusses “the exploding investment and targeted resources aligning to investigate the uses of blockchain in corporate banking, heretofore a stepchild to consumer or retail banking application development.”

"Blockchain, or distributed ledger, came to the forefront of corporate bankers’ minds in 2015, as Bitcoin’s underlying technology was widely recognized as a possible game-changer for a number of use cases in the complex world of large business and bank transactions,” said Murphy. “2016 should be an interesting year for pilot uses cases, and in this report we point out several of the logical and more near-term possibilities.”

More http://www.econotimes.com/Mercator-Advisory-Groups-Report-Investigates-Use-Cases-of-Blockchain-In-Corporate-Banking-150107
92  Bitcoin / Press / [2016-01-26]Digital Asset Secures $52 Million from 13 Global Financial Firms on: January 27, 2016, 10:53:43 AM
New York-based Digital Asset Holdings (DAH), the Blythe Masters-led firm that provides distributed ledger technology solutions for the financial services industry has completed a round of funding that exceeded $50 million from varied leading firms in the financial industry.

The announcement was made last week when the blockchain startup revealed 13 global firms in the financial ecosystem who invested in the company.

The thirteen firms are:

ABN AMRO, Accenture, ASX Limited, BNP Paribas, Broadridge Financial Solutions, Inc., Citi, CME Ventures, Deutsche Börse Group, ICAP, J.P. Morgan, Santander InnoVentures, The Depository Trust & Clearing Corporation (DTCC) and The PNC Financial Services Group, Inc.

JP Morgan Chase was revealed to be the lead investor among them all, a financial institution where Digital Asset CEO Blythe Masters was formerly an executive. Masters revealed that the investors were chosen to represent various facets of the banking eco-system with representatives from banks, stock exchanges, clearing houses, central securities depositories and market infrastructure & professional services providers.


More https://www.cryptocoinsnews.com/digital-asset-secures-52-million-13-global-financial-firms/
93  Bitcoin / Press / [2016-01-26]Follow My Vote And Webroots Democracy Release Secure Voting Report on: January 27, 2016, 10:53:02 AM
Bitcoin Press Release: WebRoots Democracy, in partnership with Follow My Vote and other industry leading experts, has released a report entitled “Secure Voting: A guide to secure #onlinevoting in elections.” The purpose of the report, which was written by global experts and authoritative academics, is to explore and document the possible security models for online voting software. “We think the use of blockchain technology could be the security breakthrough that makes online voting viable.” states Nathan Hourt, Co-Founder and CTO at Follow My Vote.

With the information provided in the report, governments around the world can now make informed decisions on how to move forward with modernizing their election processes. The Secure Voting report was preceded by the WebRoots Democracy report, Viral Voting.

The following companies and people contributed to the WebRoots Democracy Secure Voting report: Follow My Vote, Verizon, Dr. Kevin Curran, Professor Robert Krimmer, Scytl, Smartmatic, Everyone Counts, Electoral Reform Services, and Mi-Voice.

“We are humbled by the opportunity to demonstrate our expertise in designing secure, open- source, end-to-end verifiable online voting software on a global level,” states Adam Kaleb Ernest, Co-Founder and CEO at Follow My Vote.


More https://www.cryptocoinsnews.com/follow-my-vote-and-webroots-democracy-release-secure-voting-report-in-combination-with-verizon/
94  Bitcoin / Press / [2016-01-26]Lithuanian Law Enforcement Official Warns Terrorists Could Fund on: January 27, 2016, 10:51:58 AM
Lithuanian Law Enforcement Official Warns Terrorists Could Fund Activities With Bitcoin

The director of Lithuania’s Financial Crime Investigation Service (FNTT) warned that terrorists could use bitcoin to fund their activities in the future, according to delfi.lt, a Lithuanian news site.

The director, Kestutis Jucevicius, said at a press conference in Vilnius that bitcoin can potentially benefit groups involved in trafficking arms, human beings and drugs.

This announcement followed the recent arrest of a Lithuanian citizen believed to be part of a group that laundered bitcoin from the sales of drugs and weapons.

Lithuanian Part Of Crime Ring

A Lithuanian citizen was among 10 people arrested suspected of using bitcoins to “wash” about 20 million Euros (approximately $21.8 million) from selling weapons and drug on the Dark Web.

The Dutch Tax and Customs Service (CIOD) organized the international operation which included the FNTT. The investigation found drugs and weapons being traded on the Dark Web.

In Dark Web transactions, traders redeem virtual currency for cash.

The Lithuanian citizen is an exchange student studying economics. Dutch law enforcement identified this person as one of the most important in the group.

The FIOD raided 15 different locations in the Netherlands in a coordinated operation. The prosecution revealed the seizure of cash, luxury cars, bank accounts and 15 kilograms of ingredients for the manufacture of Ecstasy, CCN previously reported. Altogether, over 250 law enforcement officials participated in the raids.

The suspects, reportedly of Dutch, Moroccan and Lithuanian nationality and in their 20s, are seen as facilitators to drug dealers operating on the Dark Web who launder bitcoins into money

More https://www.cryptocoinsnews.com/lithuanian-law-enforcement-official-warns-terrorists-fund-activities-bitcoin/
95  Bitcoin / Press / [2016-01-27]Bitcoin Group Float Doesn’t Catch On, Listing Date Pushed Back Again on: January 27, 2016, 10:51:03 AM
Australian bitcoin miner Bitcoin Group’s official public float on the Australian Securities Exchange (ASX) fell significantly short of its goal of raising $20 million AUD. The cryptocurrency miner raised $367,902.20 AUD.

Melbourne-based Bitcoin Group, a miner that has repeatedly attempted to become the world’s first publically floated Bitcoin trading company had the date of closure of its IPO on January 25. The miner offered investors 100 million shares at 20 cents per share, hoping to raise $20 million AUD.

However, the miner’s book building run on the ASX, which ended Monday raised just $367,902.20, as revealed by The Australian.

Bitcoin Group CEO Sam Lee claimed the numbers from the bookbuild does not include application subscriptions sent directly to the register accepting postal applications processed by the company.

While blockchain-based startups that are developing distributed ledger solutions for private enterprise and financial institutions gain more investment, bitcoin as a currency has been deemed “a failed experiment” by former core developer Mike Hearn in recent times.

Still, Lee is unperturbed, just as he is with the disappointing float.

“As a bitcoin miner, our success is tied to the future of bitcoin as a currency and as a store of value,” Lee stated while adding that he is a firm believer in the democratizing edge that bitcoin brings to the world economy. One of the goals of the ASX float was to bring accountability and transparency to the Bitcoin space, the publication added.

More https://www.cryptocoinsnews.com/bitcoin-group-float-doesnt-catch-on-listing-date-pushed-back-again/
96  Bitcoin / Press / [2016-01-27]Why Did Satoshi Nakamoto Abandon Bitcoin? on: January 27, 2016, 10:50:01 AM
If you had created something that had gained popularity across the world, would you stop working on it?

That’s what Satoshi Nakamoto, the anonymous founder of Bitcoin, did. People have many different theories as to why he did that. Numerous news outlets – like Newsweek and Wired – have tried to uncover the real Satoshi Nakamoto.

Ideas about why Satoshi left the project goes all the way to the top in Bitcoin, like core developer of Bitcoin, Gavin Andresen. As he wrote on BitcoinTalk:

“Um… I haven’t had email from satoshi in a couple months actually. The last email I sent him I actually told him I was going to talk at the CIA. So it’s possible , that…. that may have um had something to with his deciding.”

Before that post on the popular Bitcoin forum, Satoshi made a seemingly nervous post regarding Wikileaks accepting Bitcoin.

“It would have been nice to get this attention in any other context.  WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.”

Some people point to the fact that Satoshi knew he had a virtual fortune (literally) if Bitcoin succeeded. That’s why he designed bitcoin to be divisible to 10-8, in case the high price became such it would make it hard to trade Bitcoin. Thus, Satoshi’s apparent belief he could not remain anonymous, according to some, fueled his decision to leave the project.

People tend to believe that, although he used a Japanese moniker, Nakamoto hailed from the US or UK, in part due to his English skills.

More https://www.cryptocoinsnews.com/why-did-satoshi-nakamoto-abandon-bitcoin/
97  Bitcoin / Press / [2016-01-26]Goldman Sachs Director: Blockchain Provides 'Single Truth' For Banks on: January 27, 2016, 10:48:45 AM
In the latest edition of a company podcast series, a managing director at global investment banking giant Goldman Sachs called blockchain technology an innovation that could “drive change” while improving the financial industry.

The comments, issued on 20th January, find Goldman Sachs co-head of technology and managing director Don Duet opening up about his views on blockchain and distributed ledger tech at a time when competitors Cit, JP Morgan and Morgan Stanley are moving to invest in or partner with industry startups or consortiums.

Goldman Sachs has so far advanced on both fronts, investing in bitcoin services firm Circle in April and joining R3’s 42-member bank consortium in September.

During the 30-minute podcast, Duet discussed topics including the impact of open source and big data on the industry. By contrast, his statements on blockchain were more introductory, as questions sought to compel Duet to describe the big opportunities the emerging technology could potentially unleash.

More http://www.coindesk.com/goldman-sachs-blockchain-truth-banks/
98  Bitcoin / Press / [2016-01-26]Europol: No Confirmed Evidence Linking Islamic State to Bitcoin on: January 27, 2016, 10:48:06 AM
A report drafted by EU law enforcement agency Europol has found that there is no evidence to back up reports linking the Islamic State (IS) to the use of bitcoin or other alternative digital currencies.

Released on 18th January, the report is the product of a review held by EU member states and Europol in the wake of the 13th November Paris attacks. Included was the finding that there have been no recent changes in how IS has been seeking to finance its operations.

Notably, bitcoin was the only payment method to be mentioned in Europol’s section on terrorist financing.

The publication follows a 17th November report that the European Commission, the executive body of the European Union, was seeking to hold a meeting to examine whether terrorists were abusing new payments technologies to fuel operations.

The resulting news, coupled with the coverage received by a group claiming to have identified an IS-controlled bitcoin wallet, brought forth a flurry of media coverage on the subject late last year.

The news stories came even as members from US regulatory agencies such as the Financial Crimes Enforcement Network (FinCEN) sought to debunk the claims.

http://www.coindesk.com/europol-no-evidence-linking-islamic-state-to-bitcoin/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29
99  Bitcoin / Press / [2016-01-27]Don’t Listen to the Mainstream Media on Bitcoin or Blockchain on: January 27, 2016, 10:47:18 AM
Jon Southurst is head of content and marketing at blockchain data service Kaiko.com. His work has appeared in CoinDesk, NewAsianist, The Toronto Star (Canada), The Age, MacAddict and other technology magazines.

In this piece, Jon takes aim at the mainstream media and their issues reporting on emerging technologies in the sector.

Bitcoin is a spanking-new, highly-specialized topic. Even those deeply involved don’t agree on many points. So why trust a reporter who’s only given it an hour’s thought, max?

My well-meaning, non-tech friends know I’m interested in bitcoin –  since I’ve written about it every day since mid-2013 and bewilder them with it on Facebook.

They often send me links to bitcoin articles, usually from the mainstream media. In a way, it's a fresh perspective, since bitcoiners spend most of their days buried in chat rooms and Reddit, and forget the outside world.

I said fresh — but not particularly edifying. Quite the opposite, in fact.

After the excitement of the immediate at bitcoin’s edges, it’s a bit depressing to see where the outside world is stuck.

One example of many

The latest is this one, from John Naughton at The Guardian. Reading The Guardian for finance and economic commentary is like reading Hustler for the literary reviews, but some people do.

The first thing you see is a big photo of Estonian Prime Minister, Taavi Rõivas  –  and a caption saying his government is experimenting with ‘blockchain technology’.

Here’s the first red flag. As a proud (and upstanding) e-Resident of Estonia I’ve heard this a few times already. The link is tenuous at best  –  the laudable Estonian e-Residency program has a few links to the hypothetical BitNation project, but that’s it.

As to what the blockchain experiment actually entails, the article doesn’t mention it. There’s more information in the sentence before this one.

More http://www.coindesk.com/dont-listen-mainstream-media-bitcoin-blockchain/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29
100  Bitcoin / Press / [2016-01-27]Is Digital Asset's $50 Million Funding a Blow to Bitcoin? VCs Weigh on: January 27, 2016, 10:46:12 AM
Founded in 2014 and led by CEO and ex-JP Morgan executive Blythe Masters, Digital Asset Holdings had long been the subject of speculation that suggested that, despite its high-profile leadership, the startup was having difficulties raising an initial funding round.

All that uncertainty was laid to rest last week, however, when Digital Asset silenced rumors by raising upwards of $50m (some reports say $52m was the total) from 13 major financial institutions, among them traditional financial giants such as Citi, CME Ventures and Santander InnoVentures.

The $50m round is the largest to date for a startup seeking to use private or permissioned blockchain technology, which unlike the open-source bitcoin network, is purposed for use by a selected number of trusted institutions for use cases including syndicated loans, US Treasury repo, foreign exchange, securities settlement and derivatives.

Further, the news comes amid a decline in funding for bitcoin-focused startups in the sector. Data from the forthcoming CoinDesk State of Bitcoin 2015 Report, for example, reveals that, when revised historically, "blockchain startups" have collected 34% of the estimated $1bn in publicly reported industry funding.

For many observers, the Digital Asset round confirms what they believe is a trend that suggests venture capitalists are increasingly interested in blockchain startups, and that bitcoin-focused companies are experiencing more difficulties.

However, some of bitcoin’s most high-profile supporters in the venture capital community believe that the attention the Digital Asset round brings to blockchain technology is good for ecosystem as a whole, even for startups focused on the public bitcoin blockchain.

Tally Capital founding partner Matt Roszak told CoinDesk:
Quote
At a high level, it’s a positive signal that people are putting money into this space. The public vs private blockchain debate is a different dynamic, but it's important for financial services companies, and Wall Street, to invest in this space

More http://www.coindesk.com/digital-assets-50-million-blockchain-bitcoin-vc/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29
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