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501  Bitcoin / Press / 2012-11-28 theverge.com - Total number of Bitcoins hits 10.5 million, production on: November 28, 2012, 09:34:15 PM
Quote
Total number of Bitcoins hits 10.5 million, production halves to stop inflation
Can technology replace the Federal Reserve?


Adrianne Jeffries
2012-11-28

http://www.theverge.com/2012/11/28/3701434/total-number-of-bitcoins-hits-10-5-million-production-halves-to-stop


The total number of Bitcoins in circulation just hit 10.5 million, triggering a safeguard against inflation that was hardcoded into the digital currency.

...

Bitcoin has been hailed as a revolutionary populist movement, but it's also a grand economic experiment. The market's reaction in the coming weeks will be the first major test of whether technology can replace government's role in regulating money.
502  Bitcoin / Bitcoin Discussion / Re: Halving Day Traditions on: November 28, 2012, 08:18:19 AM

If breaking the laws about destruction of currency is too much for you - or if you really can't bear to part with a few dollars - burning some scraps of paper with dollar signs etc written on them would be good enough!


If burning a piece of your own fiat currency is too heavy for you because the government doesn't approve, then you might want to avoid Bitcoin entirely Wink

Well the problem I have with burning fiat currency is that being an act of quantitative tightening, it makes other fiat instances ever so slightly more valuable!

Perhaps fake-note burning really is too tame for a Bitcoin celebration, but I was thinking of grandma & the kids.. and how to celebrate inclusively without too much shock value.
Hmm.. how pussyish of me!
503  Bitcoin / Bitcoin Discussion / Re: Halving Day Traditions on: November 28, 2012, 07:57:03 AM
I love the idea of burning some traditional currency!
It's sure to be against the law in pretty much every jurisdiction - but it seems a pretty cool way to celebrate.

I'm not sure what happens to the Australian polymer notes when you try to burn them..  I suspect they shrivel and/or melt.
If breaking the laws about destruction of currency is too much for you - or if you really can't bear to part with a few dollars - burning some scraps of paper with dollar signs etc written on them would be good enough!




504  Bitcoin / Press / Re: 2012-11-28 bbc.co.uk - Rewards set to halve for digital money miners on: November 28, 2012, 03:22:46 AM
Well it's the same link that comes up if you search for bitcoin on the www.bbc.co.uk home page.

What part of the world are you folks in?  Working fine for me in Australia.

505  Bitcoin / Press / Re: 2012-11-28 bbc.co.uk - Rewards set to halve for digital money miners on: November 28, 2012, 03:06:41 AM
I got a 404, sir!

Link still works fine for me.. and getting a lot of twitter action. *shrug*
506  Bitcoin / Press / Re: NEW articles in Press Forum on: November 28, 2012, 02:00:16 AM
2012-11-28 bbc.co.uk - Rewards set to halve for digital money miners

https://bitcointalk.org/index.php?topic=128107.0
507  Bitcoin / Press / 2012-11-28 bbc.co.uk - Rewards set to halve for digital money miners on: November 28, 2012, 01:55:24 AM
Quote
Rewards set to halve for digital money miners
People trying to profit via the bitcoin electronic currency will soon have to work harder to mint the digital coins.

2012-11-28

http://www.bbc.co.uk/news/technology-20510447


...
Safeguards built into the bitcoin software are about to be triggered as the number of bitcoins in circulation hits a key milestone.

This means bitcoin "miners" will have to work twice as hard to be rewarded with the same number of coins.
...

"The main reason to do this is to control inflation," said Vitalik Buterin, a journalist at Bitcoin Magazine.
...
508  Bitcoin / Press / Re: NEW articles in Press Forum on: November 27, 2012, 11:46:11 PM
2012-11-17 scallywagandvagabond.com  - Bitcoins, black market trading or just filling in market inefficiencies?

https://bitcointalk.org/index.php?topic=128089.0
509  Bitcoin / Press / 2012-11-27 scallywagandvagabond.com - Bitcoins, black market trading or just fil on: November 27, 2012, 11:45:26 PM
This piece includes comments from Emily Stewart, the producer of the somewhat onesided onlinemba video, which was noted here a few weeks ago:
https://bitcointalk.org/index.php?topic=121900.0

Quote
Bitcoins, black market trading or just filling in market inefficiencies?

Christopher Koulouris
2012-11-27

http://scallywagandvagabond.com/2012/11/bitcoins-black-market-trading-or-just-filling-in-market-inefficiencies/

...
Bitcoins are an online currency with no ties to a government or central bank. Since their inception in 2009, it has become a medium for all kinds of black market activities online.
...
510  Bitcoin / Press / Re: 2012-11-27 What Has Changed - Fred Wilson on: November 27, 2012, 11:24:20 PM
It looks like he's extremely interested in Bitcoin, but being a little oblique. Perhaps he doesn't want to leak to many 'quotable' comments regarding it at this stage.
Quote
fredwilson
that is an interesting thing but maybe not the most interesting thing. i think the re-imagining of what money is in the digital world may be more interesting
511  Bitcoin / Press / Re: 2012-11-27 nsslabs.com - Bitcoin emerges from the shadows, but just how safe is on: November 27, 2012, 09:41:51 PM
Thanks people - it's a bit of an obsession.
I think this subforum gets updated with news well enough even without a fanatic like me - so no satoshi-rain required, but thanks for the words of encouragement!

Give me a follow on Twitter if you feel inclined Smiley   @electricwings
512  Bitcoin / Press / Re: NEW articles in Press Forum on: November 27, 2012, 08:50:41 PM
2012-11-27 siliconangle.com - Bitcoin Halving Day Draws Nigh

https://bitcointalk.org/index.php?topic=128060.0
513  Bitcoin / Press / 2012-11-27 siliconangle.com - Bitcoin Halving Day Draws Nigh on: November 27, 2012, 08:50:16 PM
Quote
Bitcoin Halving Day Draws Nigh

Kyt Dotson
2012-11-27

http://siliconangle.com/blog/2012/11/27/bitcoin-halving-day-draws-nigh/


Prepare to fall to your knees and shake your fist to the heavens, a terrible milestone is upon us, one that will forever change the fabric of an entire community.
...
514  Bitcoin / Press / Re: NEW articles in Press Forum on: November 27, 2012, 08:48:43 PM
2012-11-27 nsslabs.com - Bitcoin emerges from the shadows, but just how safe is it?

https://bitcointalk.org/index.php?topic=128058.0
515  Bitcoin / Press / 2012-11-27 nsslabs.com - Bitcoin emerges from the shadows, but just how safe is on: November 27, 2012, 08:47:41 PM
Quote
Bitcoin emerges from the shadows, but just how safe is it?

Ken Baylor
2012-11-27

https://www.nsslabs.com/blog/bitcoin-emerges-shadows-just-how-safe-it

http://kenbaylor.org/wordpress/?p=280

...
With the recent addition of respectable vendors accepting bitcoins, it will emerge from the shadows and grow in popularity. As it grows in use among non-criminal users, the latter will be targeted by malware seeking to steal bitcoins from their digital wallets. Already specialized malware has been created to do just that (infostealer.coinbit trojan), and more is likely in the works. Bitcoin is risky on multiple levels. But with great risk, comes great reward.



Quote
When Mt. Gox, an exchange trade for bitcoins was hacked in 2011, the price of bitcoins dropped from $17.50 USD to pennies within minutes.
Looks like this one will never die. I wonder if we can pick on one of the many glitches on NASDAQ etc to claim a price of 'pennies' for some  bluechip and get a meme going?  Roll Eyes

That aside.. it was a surprisingly good article for a security firm, with a relatively upbeat conclusion.
516  Bitcoin / Press / Re: 2012-11-26 nfcworld.com - Call for contributions: New report on mobile payments on: November 27, 2012, 01:14:08 AM
I really hope some Bitcoin businesses make submissions to this.
It's a good opportunity to get Bitcoin in front of other players in the mobile payments industry and potentially get further investments or collaborations going.
517  Bitcoin / Press / Re: NEW articles in Press Forum on: November 27, 2012, 12:59:52 AM
2012-11-26 nfcworld.com - Call for contributions: New report on mobile payments and the future of merchant transaction fees

https://bitcointalk.org/index.php?topic=127912.0
518  Bitcoin / Press / 2012-11-26 nfcworld.com - Call for contributions: New report on mobile payments on: November 27, 2012, 12:59:08 AM
Quote
Call for contributions: New report on mobile payments and the future of merchant transaction fees

Sarah Clark
2012-11-26

http://www.nfcworld.com/2012/11/26/321281/call-for-contributions-new-report-on-mobile-payments-and-the-future-of-merchant-transaction-fees/

...
The NFC World team has identified ten pressure points that suggest the arrival of mobile payments will result in a fundamental change in the overall cost of processing payments and the way in which merchants transaction fees are calculated and we'd like to hear from anyone who is working on ways to use mobile technology to cut the cost of processing transactions at the point of sale.
...
If you are working in any of these ten areas, on other ways to use mobile technology to make merchant transaction processing more efficient or would like to share your expertise and opinion, please get in touch we'd love to hear from you and, as a thank-you for your contribution, we'll send you a complimentary copy of the final report as soon as it is published.



...
10. New forms of money

Emerging electronic-only forms of money, like Bitcoin and Mintchip, as well as tokenized cash systems like Cardis hold the promise of replacing cash and the lower cost of processing cash transactions with equally low cost transaction fees for low value purchases made via mobile phones. What new forms of money are now emerging and how practical are they in reality for merchants to adopt?

We're also investigating how different "last inch" payments solutions, such as NFC, EMV and QR codes, impact the overall cost for merchants. Are there cost cutting options that only NFC can deliver? How practical is it in reality for merchants to accept payments via QR codes at the point of sale? And how many are equipped today with the hardware to process this kind of transaction?
...



Who we want to hear from

We'd like input from anyone involved in the move to mobile payments at the point of sale, from the world's largest companies to the smallest start-ups and from established financial services providers and merchants to inventors, disruptors, analysts and consultants.
...

It doesn't matter where you operate as this study is global and, of course, there is no cost involved in taking part.
The final report will form part of NFC World's business intelligence service, The Mobile Wallet Report, and will be sent to all subscribers as part of their subscription, as well as to everyone who contributes to the report. Our thanks in advance for your contribution!
...
519  Bitcoin / Press / Re: NEW articles in Press Forum on: November 26, 2012, 10:30:12 PM
2012-11-26  forbes.com - Payments Startup Balanced Innovates In Wrong Direction

https://bitcointalk.org/index.php?topic=127893.0
520  Bitcoin / Press / 2012-11-26 forbes.com - Payments Startup Balanced Innovates In Wrong Direction on: November 26, 2012, 10:29:05 PM
Another in the stream of articles at Forbes from Jon Matonis - with a mention for Stephen Gornick Smiley

Quote
Payments Startup Balanced Innovates In Wrong Direction

2012-11-26
Jon Matonis

http://www.forbes.com/sites/jonmatonis/2012/11/26/payments-startup-balanced-innovates-in-wrong-direction/
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