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Author Topic: Bitcoin press hits, notable sources  (Read 406818 times)
julz
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September 02, 2011, 07:36:50 AM
 #1381

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Network analysis deflates Bitcoin’s anonymity myth

2011-09-01

http://www.technollama.co.uk/network-analysis-deflates-bitcoins-anonymity-myth

This is basically another commentary on the recent Paper by Fergal Reid  http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.4524v1.pdf

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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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julz
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September 02, 2011, 07:45:40 AM
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Boot up: Microsoft Windows 8 tablets, interview with ex-Anonymous hacker, and more
Plus, an update on the Bitcoin economy, and Apple iTunes Match – streaming or downloads?

A quick burst of 9 links for you to chew over, as picked by the Technology team

2011-08-31


http://www.guardian.co.uk/technology/blog/2011/aug/31/technology-links-newsbucket



Not much on bitcoin here.. but they link to bitcoinwatch.com and the recent technology review article:
https://www.technologyreview.com/computing/38392/?p1=featured

What's of interest here is just that the tech section of the guardian appears to be keeping a 'watch' on bitcoin stories and linking them.
Betabeat has a 'bitcoin' section..  so I guess we're gradually seeing at least the tech sections of some media outlets maintaining an ongoing interest in Bitcoin.

I wonder how long before the finance sections similarly keep tabs on it?







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September 02, 2011, 10:42:06 AM
 #1383

Charles Peralo of the Seasteading Institute mentions Bitcoin as a preferred currency for seasteds, at 8:25 in this interview:
http://www.youtube.com/watch?v=L3axaN1ewHo
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September 02, 2011, 03:46:44 PM
 #1384


Now available on youtube for people outside the UK:

http://www.youtube.com/watch?v=IOv5GtNJeVQ

Ridiculous scaremongering - but a nice advert for bitcoins for anyone who doesn't read the Daily Mail.
Whatever happened to channel 4? It used to be radical and interesting - they should change their name to Channel 5.
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September 03, 2011, 04:47:16 AM
 #1385

The recent unpleasantness surrounding Bruce Wagner has made the front page of Metafilter: http://www.metafilter.com/107065/Bruce-Wagner-and-the-Bitcoin-Scam

The usual critics make their usual criticisms in the comments, though a few MeFites do step up to defend Bitcoin.
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September 05, 2011, 09:31:13 AM
 #1386

Bitcoin to make it into English language dictionaries? 
Judging by this link..  it's a possibility Smiley

Quote
Source: "About Words - a blog from Cambridge Dictionaries Online"

"New words – 5 September 2011"

http://dictionaryblog.cambridge.org/2011/09/05/new-words-5-september-2011/


"Bitcoin noun a virtual currency, used on the Internet

The virtual currency Bitcoin will ‘bounce back’ after a hack attack caused its value to collapse, according to one of its senior developers.
[www.bbc.co.uk 22 June 2011]"





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julz
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September 05, 2011, 09:42:51 AM
 #1387

Not exactly a press hit - but I haven't seen this mentioned on the forums anywhere:

I'm not sure how open it is to attend  - but it's interesting nonetheless


Quote
Open Video Conference
September 10-12, 2011   New York Law School

http://openvideoconference.org/alternative-currencies-and-transaction-models/

"In recent months, there has been huge progress in infrastructure for micropayments. With Bitcoin bursting in on the scene, and Flattr gaining momentum in micro-donations, it is easier than ever before to imagine a button in your browser that donates $1 to a YouTube video, attaches money to an e-mail, or gives $0.01 to every piece of journalism you read."


"If you’re working in this space, or if you are a developer with either a) experience building applications around micropayments and payment APIs or b) Bitcoin or c) a solid understanding of cryptography and security, please be in touch. We need you to make this session work."


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julz
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September 05, 2011, 11:35:15 AM
 #1388

Jupiterbroadcasting cover a bit of Bitcoin news every week at the end of their show in the 'Bitcoin Blaster' section.

Quote

Regarding bitcoin - Last Thursday's 21 Broadcast covered:

Quote
The relationship between bitcoin price and difficulty

Has Bruce Wagner pulled off the biggest financial scam on the bitcoin community?


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September 05, 2011, 05:05:13 PM
 #1389

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Bitcoin mining trojans are turning up more.
Aggressive distribution and enhanced functionality.

Lucian Constantin
Mon 2011-09-05

http://www.theinquirer.net/inquirer/news/2106704/bitcoin-mining-trojans

"MALWARE RESEARCHERS have warned about increased distribution of Bitcoin mining trojans and point out that some of them have been upgraded to also perform other illegal activities."

"Bitcoin users are advised to keep their virtual wallets encrypted because some of these trojans are also known to steal Bitcoins."



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Things are only going to get worse. "Right now, Bitcoins are worth more than $8 each. With the value of Bitcoins constantly rising, the number of malware related to Bitcoin mining will inevitably increase as well," the Trend Micro experts warned.
Constantly rising eh!?   Tongue


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September 06, 2011, 04:07:28 AM
 #1390

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Bitcoin mining trojans are turning up more.
Aggressive distribution and enhanced functionality.

Lucian Constantin
Mon 2011-09-05

http://www.theinquirer.net/inquirer/news/2106704/bitcoin-mining-trojans

"MALWARE RESEARCHERS have warned about increased distribution of Bitcoin mining trojans and point out that some of them have been upgraded to also perform other illegal activities."

"Bitcoin users are advised to keep their virtual wallets encrypted because some of these trojans are also known to steal Bitcoins."



Quote
Things are only going to get worse. "Right now, Bitcoins are worth more than $8 each. With the value of Bitcoins constantly rising, the number of malware related to Bitcoin mining will inevitably increase as well," the Trend Micro experts warned.
Constantly rising eh!?   Tongue



Probably another victim of the log chart.
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September 06, 2011, 07:20:54 AM
 #1391

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Microsoft wants RBA's change

Charis Palmer
2011-09-06

http://technologyspectator.com.au/industry/financial-services/microsoft-wants-rbas-change

"Microsoft has become the first technology firm to weigh into the debate on innovation in the Australian payments system, calling for the payments infrastructure to be modified to facilitate virtual currencies, such as Microsoft Points"


"The trials and tribulations of Bitcoin, which is about to see one of its currency exchanges face its day in court in France, show just how difficult it is to define what is electronic money, and what is simply another form of stored value."



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September 06, 2011, 12:08:05 PM
 #1392

ISC Diary (Internet Storm Center)

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Bitcoin – crypto currency of future or heaven for criminals?

Published: 2011-09-05,
Last Updated: 2011-09-05 21:32:45 UTC
by Bojan Zdrnja (Version: 1)

http://isc.sans.edu/diary.html?storyid=11509


"As Bitcoin is gaining more attention it will be interesting to see what future will bring. Rest assured that we will keep an eye on it."


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September 06, 2011, 01:42:21 PM
 #1393

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September 07, 2011, 05:06:08 AM
 #1394

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September 07, 2011, 07:01:38 AM
 #1395


I'd say this counts as one the most highly visible opinion pieces on Bitcoin we've seen. I was pretty sure he wasn't going to like it but, he took Bitcoin pretty seriously and didn't deride it as much as I thought he would. Overall, I bet a lot of new people will learn or be reminded of its existence because of this.

http://lamassubtc.com/
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September 07, 2011, 08:02:46 AM
 #1396

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Rough summary for the tldr-people:

  • First I though what's new? There are already virtual payment system
  • Then I realized: it's not pegged to dollar but has fixed money supply (it's money not payment system)
  • Evaluation: did this experiment work? (assuming it's over already, lol)
  • It's good investment for some but not helping economy as a whole.
  • Conclusion: we don't need anything like a new gold standard, that would cause money-hoarding, deflation, and depression

Argh, so he's using our infancy-currency to argue against a gold standard. A bit premature, I would say.

EDIT: I registered and posted a comment, which is waiting for manual check for off-topic or abusive content.

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September 07, 2011, 11:59:23 AM
 #1397

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Rough summary for the tldr-people:

  • First I though what's new? There are already virtual payment system
  • Then I realized: it's not pegged to dollar but has fixed money supply (it's money not payment system)
  • Evaluation: did this experiment work? (assuming it's over already, lol)
  • It's good investment for some but not helping economy as a whole.
  • Conclusion: we don't need anything like a new gold standard, that would cause money-hoarding, deflation, and depression

Argh, so he's using our infancy-currency to argue against a gold standard. A bit premature, I would say.

EDIT: I registered and posted a comment, which is waiting for manual check for off-topic or abusive content.

I like that the new thing he discovers about bitcoin isn't that it's decentralized, but that it's not pegged to the dollar.  I mean, there's never been anything not pegged to the dollar, but decentralized payment systems...pft, those are everywhere.
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September 07, 2011, 12:51:39 PM
 #1398

I like that the new thing he discovers about bitcoin isn't that it's decentralized, but that it's not pegged to the dollar.  I mean, there's never been anything not pegged to the dollar, but decentralized payment systems...pft, those are everywhere.

Decentralized doesn't mean anything to half the geeks and nothing to rest of the population.

It's a great piece. In fact, I think it's quite accurate.

Quote
...Bitcoin, an attempt to create a sort of private cybercurrency...Bitcoin, rather than fixing the value of the virtual currency in terms of those green pieces of paper, fixes the total quantity of cybercurrency instead, and lets its dollar value float. In effect, Bitcoin has created its own private gold standard world, in which the money supply is fixed rather than subject to increase via the printing press...The dollar value of that cybercurrency has fluctuated sharply, but overall it has soared. So buying into Bitcoin has, at least so far, been a good investment...What we want from a monetary system isn’t to make people holding money rich; we want it to facilitate transactions and make the economy as a whole rich. And that’s not at all what is happening in Bitcoin...the Bitcoin economy has in effect experienced massive deflation...incentive to hoard the virtual currency rather than spending it...it reinforces the case against anything like a new gold standard – because it shows just how vulnerable such a standard would be to money-hoarding, deflation, and depression.

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September 07, 2011, 01:30:37 PM
 #1399

Someone at businessinsider decides to put words in Krugman's mouth with a misleading title on their shoddy little meta-article.

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Paul Krugman Explains Why Bitcoin Is A Stupid Currency

Joe Weisenthal
2011-09-07

http://www.businessinsider.com/paul-krugman-on-bitcoin-2011-9

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September 07, 2011, 01:57:50 PM
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While reading his article I just wondered where he comes up with his claims. Bitcoin prices are lower than in a longer time and this doesn't indicate to me that people are hoarding it.

If you look at figures on BitcoinWatch it looks like in the last 24 hours about a quarter of all Bitcoins have changed hands in transactions and this is typical many days. So isn't that explicitly what he says a good currency should be for: trade, transactions.

In comparison only about 3% of that volume is in US$ exchange which to me says that the everyday in and out of US$ is but a small part of the overall trade volume. I don't know what that trade is but people seem to be transacting - so I just don't know where he pulls his ideas out of.

I can guess though. I don't know much about Krugman but it seems like he has an axe to grind against Gold and so he just uses Bitcoin as an opportunity to take a swing, pulling out of his *ss whatever fits his gripes against Gold.

I'm pretty sure the percent of US$ supply that is being "hoarded" (ie. not traded today) vs. percent of Bitcoins, is probably higher - though I'm just pulling that idea out of my *ss too.

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