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341  Bitcoin / Press / Re: NEW articles in Press Forum on: January 09, 2013, 04:02:15 AM
2013-01-08 forbes.com - All Money Is Fiat Money

https://bitcointalk.org/index.php?topic=135447.0
342  Bitcoin / Press / Re: NEW articles in Press Forum on: January 09, 2013, 04:01:44 AM
2013-01-08 infosecurity-magazine.com - Tyler – an overview, and interview with Anonymous

https://bitcointalk.org/index.php?topic=135446.0
343  Bitcoin / Press / 2013-01-08 oodaloop.com - Bitcoin: Today and Tomorrow on: January 09, 2013, 04:00:43 AM
Quote
Bitcoin: Today and Tomorrow


Chandler Karadsheh
2013-01-08

http://www.oodaloop.com/business/opportunity/2013/01/08/bitcoin-today-and-tomorrow/

...
The Bitcoin endeavor is intriguing but, ultimately, unpractical. It is reasonable to expect that BTC usage will increase a moderate amount, especially among experienced Internet users. It is not, however, reasonable to assume that large amounts of people will suddenly or even slowly change from a tangible currency to a digital one.
...
Conceptual barriers aside, it is unlikely that the government will continue to allow BTC’s to operate on networks that facilitate the trade of illicit materials.
...
Criminal applications of protected BTC networks fall directly under national security concerns and will justify action from the government. Analysts expect that the government will either force some form of regulation on BTC or attempt to shut it down.
...

Conclusion

BTC will continue as a unique Internet phenomenon but its longevity is uncertain. For now, traditional monies still have the trust and familiarity that BTC would have to earn in order to supplant them. Assuredly, BTC’s have introduced a popular concept and done a good job in addressing evolving currency solutions. Nonetheless, it is doubtful that BTC’s will prompt any quick or permanent changes in mass currency usage.
344  Bitcoin / Press / 2013-01-08 metronews.ca - Calgary entrepreneur hopes to take gamblers to ‘Infini on: January 09, 2013, 03:55:52 AM
Quote
Calgary entrepreneur hopes to take gamblers to ‘Infiniti’ and beyond

Jeremy Nolais
2013-01-08


http://metronews.ca/news/calgary/501302/calgary-entrepreneur-hopes-to-take-gamblers-to-infiniti-and-beyond/


...
Infiniti Poker has already garnered plenty of media attention in the U.S. — Forbes published an opinion article over the weekend _ specifically for its planned use of Bitcoin, a decentralized currency that exists only online. Some online gambling proponents, including Hajduk, see the technology as a method to skirt strict Internet laws south of the border.
...
345  Bitcoin / Press / 2013-01-08 forbes.com - All Money Is Fiat Money on: January 09, 2013, 01:39:10 AM
A non-Matonis Forbes mention. (just 1 bitcoin mention)

Quote
All Money Is Fiat Money


Pascal-Emmanuel Gobry
2013-01-08


http://www.forbes.com/sites/pascalemmanuelgobry/2013/01/08/all-money-is-fiat-money/

...
In both cases, what makes Tide detergent, or cigarettes, or the US dollar, or Bitcoin, or whatever, a currency, is simply common agreement that these an item of currency is valuable.
...
346  Bitcoin / Press / 2013-01-08 infosecurity-magazine.com - Tyler – an overview, and interview with A on: January 09, 2013, 01:36:51 AM

Quote
Tyler – an overview, and interview with Anonymous

2013-01-08


http://www.infosecurity-magazine.com/view/30103/tyler-an-overview-and-interview-with-anonymous/

...
So what is being developed is a complete, secure and anonymous distributed social network, where individual members of the public can whistleblow securely, network with fellows anonymously, and feel safe from surveillance: it is, says Smith, “a fully encrypted social network owned by its participants and not a single organization.” Features will include all of the standard social network functionality, including VoIP, Wall, Forums, Chat, Microblog, and Blog. Credibility will be monitored by support of Whuffie features; and internal ecommerce through support for Bitcoin wallets.
...
347  Bitcoin / Press / Re: NEW articles in Press Forum on: January 09, 2013, 01:34:00 AM
2013-01-09 chinadaily.com.cn - If information is king, data is good currency

https://bitcointalk.org/index.php?topic=135445.0
348  Bitcoin / Press / 2013-01-09 chinadaily.com.cn - If information is king, data is good currency on: January 09, 2013, 01:33:26 AM
Quote
If information is king, data is good currency

Jules Quartly
2013-01-09


http://www.chinadaily.com.cn/cndy/2013-01/09/content_16097259.htm


...
Which brings us to the Bitcoin alternative, a digital currency that works without banks or governments manipulating its value
...
Even so there are many arguments against the currency (deflation-stagflation) that are too involved to go into here and I'm no economist. From a practical standpoint, you can get Bitcoins but you can't buy a pastry with them down the road. Major companies like Apple and Paypal are not fans of Bitcoin and it has fluctuated wildly in value, so it's obviously not ready for the big time.
...

However, it is essentially just another kind of token, like shells or cash, but more in tune with this digital century. Getting rid of exchange controls, financial middlemen and bits of printed paper sounds like progress to me. And since I'm essentially paying for many goods in some virtual sphere already, it's not a huge leap to join the Bitcoin revolution or something like it.

My thinking is that since information is king, then data does seem like a good currency. But I wouldn't put my money on it yet.
349  Bitcoin / Press / Re: 2013-01-06 edandethan.com - Show 40 with Chris Ferreira and Charlie Shrem on: January 08, 2013, 09:59:25 AM

You pretty much hit all my complaints, although even if he was right about it getting infinitely smaller (which would be possible if we kept extending the number of decimals) it still not reach 21M.  The sum of 1/2^n with n from 1 to infinity converges to 1.  The bitcoin creation can be thought of as 21,000,000/2^n coins each four year period, so it will still never exceed 21M if we extend the divisibility infinitely.

My recollection of high school maths tells me that it might be described as 'asymptotically' approaching 21 M.
Is the word asymptote really too geeky for general use?




350  Bitcoin / Press / 2013-01-07 ajc.com - Online payment processor coming to Atlanta on: January 08, 2013, 02:45:16 AM
Quote
Online payment processor coming to Atlanta

Arielle Kass
203-01-07

http://www.ajc.com/news/business/online-payment-processor-coming-to-atlanta/nTppZ/


Entire text:

The Atlanta Journal-Constitution
A small processor of Internet-only currency is moving to Atlanta.
BitPay, which processes the online Bitcoin currency, has just two employees, but plans to hire several developers as it builds out its business. CEO Tony Gallippi said BitPay processes the bulk of Bitcoin sales, including to web sites like WordPress. The Bitcoin currency floats against other currencies; one Bitcoin was worth about $13.55 Monday.
The founders of the year-old payments company are both graduates of Georgia Tech.
Gallippi said the move, which comes with $510,000 in funding, was in part to take advantage of Atlanta’s reputation as a hub for payment processing.
“These companies see activity going on,” said Tino Mantella, the president and CEO of the Technology Association of Georgia. “I think they’re in the right spot for this.”
Georgia has more than 90 financial technology companies with 25,000 employees here.

351  Bitcoin / Press / 2013-01-07 americanbanker.com - Bitcoin Merchant Processor Raises Seed Capital on: January 08, 2013, 02:43:37 AM
Quote
Bitcoin Merchant Processor Raises Seed Capital
A group of angel investors including SecondMarket founder Barry Silbert has invested $510,000 in BitPay, a firm that processes payments for merchants in the digital currency Bitcoin.

Chris Cumming
2013-01-07

http://www.americanbanker.com/issues/178_5/bitcoin-merchant-processor-raises-seed-capital-1055661-1.html

BitPay says it plans to use the new capital to move its headquarters to Atlanta from Orlando and to hire up to five new employees.
...
BitPay's seed-capital investors also include Shakil Khan, who helped launch the tech startup Spotify. Roger Ver, who has backed several Bitcoin startups, made his investment in BitPay entirely in bitcoins, the firm says.
...
352  Bitcoin / Bitcoin Discussion / Re: Will China ever ban email? on: January 08, 2013, 12:55:05 AM
I didn't know these were banned - reasoning? We've always had a couple of them around the house here (in Thailand). Sounds like many things are the same here. Sim cards easy to get without ID anywhere, even 7-11, and food - you never know where it came from but luckily most of what we eat is local from village neighbours.

They certainly are in Australia (got two of them confiscated in customs) and being battery operated ones (using I think 4 D cells) I find it hard to believe that they could hurt anything much bigger than a mozzie.

Smiley


Oooh..  I love my mozzie bat!  The handle unscrews and I plug it into the wall to recharge.  A friend of the family was importing them here into Australia - I had no idea they were banned. 
It gives a nice little nip when you push your finger into it. Enough to scare .. but hard to see how it could be dangerous.

I expect the ban comes under the same law that restricts tazers and any tazer like device. They probably think people will modify them and beef them up into weapons.
353  Bitcoin / Press / Re: 2013-01-06 edandethan.com - Show 40 with Chris Ferreira and Charlie Shrem on: January 08, 2013, 12:05:26 AM
listening to Charlies explanation attempts I am shocked to realized how many falsehoods or at least half-truths one has to use to avoid overcomplicating things and confusing the hell out of your listener.

EDIT: well, saying the block reward is 50 BTC is uneccesary, though.


Like?


Like.. was this recorded before the block reward drop or something?

At approx 2:10
Quote
Charlie: Right now the miners get paid from the 50 Bitcoins that are rewarded in every single block.. and like you said - that gets smaller.
354  Bitcoin / Press / Re: NEW articles in Press Forum on: January 07, 2013, 04:12:44 AM
2013-01-06 edandethan.com - Ed and Ethan Show 40 with Chris Ferreira and Charlie Shrem

https://bitcointalk.org/index.php?topic=135121.0
355  Bitcoin / Press / 2013-01-06 edandethan.com - Show 40 with Chris Ferreira and Charlie Shrem on: January 07, 2013, 04:10:48 AM
Quote
Ed and Ethan Show 40 with Chris Ferreira and Charlie Shrem

2013-01-06

http://www.youtube.com/watch?v=RVHond-XHK4
Audio
Bitcoin discussion begins at about the 2Hr mark.

...
After we talk to Chris, we talk to Charlie Shrem, CEO of Bit Instant, a company that facilitates the exchange of bitcoins. We get a more in depth explanation of how bitcoin works and what sort of a future bitcoin may have. How could the government shut down bitcoin if it wanted to, how can the rules that govern the currency be changed and will we always have bitccoin around? This and more on bitcoin when we chat with Charlie.
...
356  Bitcoin / Press / Re: 2013-01-04 rushlimbaugh.com - Liberals Eye Platinum Coin Strategy? on: January 05, 2013, 01:38:50 AM
...
That is the last person I ever expected to be aware of Bitcoin's existence.  Not sure whether to interpret his reference as supportive or disparaging, I'm leaning slightly more towards the latter.
...

I saw it as a sort of probe. Sounds to me like he's sort of on the fence, and threw it out there to see if his caller (and presumably his audience in general) will react/comment.
357  Bitcoin / Press / 2013-01-04 arstechnica.com - Bitcoin-based gambling to expand in 2013 on: January 05, 2013, 01:15:45 AM
Quote
Bitcoin-based gambling to expand in 2013
Peer-to-peer currency could bring online poker back to the United States.

Timothy B Lee
2013-01-04

http://arstechnica.com/tech-policy/2013/01/bitcoin-based-gambling-to-expand-in-2013/

...
This month, at least one company hopes to introduce Bitcoin-based poker. The move could help to re-open online poker to American gamblers in the face of vigorous efforts by the US government to shut down online poker sites that serve Americans.
...
If Bitcoin-based poker catches on, it could further increase demand for the cryptocurrency.
...
358  Bitcoin / Press / 2013-01-04 theverge.com - Online gambling sites adopt Bitcoin in an effort to ci on: January 05, 2013, 01:14:21 AM
Just a short snippet regarding the recent businessweek article.

Quote
Online gambling sites adopt Bitcoin in an effort to circumvent the law

Beb Jerset
2013-01-04

http://www.theverge.com/2013/1/4/3834810/us-online-gambling-sites-turn-to-bitcoin


entire text:


Online gambling sites are turning their attention towards Bitcoin, with BusinessWeek describing how one site is letting US users pay with the digital tender following a huge poker site crackdown in 2011. Money never hits US banks at all, allowing the sites to operate without fear of reprisal from the government. Even the payouts are quicker — what normally takes up to 12 weeks with a US bank transfer takes only a matter of hours with Bitcoin. The new use for the decentralized currency will no doubt raise some legal questions, but for now the online US gambling community has found its workaround.

359  Bitcoin / Press / 2013-01-04 domainnamewire.com - Over 50 end user domain sales including Paramoun on: January 05, 2013, 01:11:33 AM
Quote
Over 50 end user domain sales including Paramount Pictures’ $65k purchase


2013-01-04


http://domainnamewire.com/2013/01/04/over-50-end-user-domain-sales-including-paramount-pictures-65k-purchase/

...
A company that owns numerous Bitcoin sites shelled out BitCoin.us for $17,500. I sure hope it has U.S. operations despite a New Zealand whois record.
...
360  Bitcoin / Press / 2013-01-04 rushlimbaugh.com - Liberals Eye Platinum Coin Strategy? on: January 05, 2013, 01:09:52 AM
Quote
Liberals Eye Platinum Coin Strategy?


2013-01-04

http://www.rushlimbaugh.com/daily/2013/01/04/liberals_eye_platinum_coin_strategy


...
RUSH:  Oh, the hell with that.  Why don't we just use Bitcoin, to hell with printing up a whole new platinum coin here. Just use Bitcoin, which is the currency on the Internet.
...
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