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Author Topic: Bitcoin press hits, notable sources  (Read 406703 times)
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March 29, 2012, 07:17:59 PM
 #2041


What price for a truly flexible online currency?
DANNY O'BRIEN in the Irish Times.

http://www.irishtimes.com/newspaper/finance/2012/0329/1224314044691.html

Just a brief reference to bitcoin -
Quote
As I’ve mentioned in previous columns, an underground economy swiftly emerged around BitCoins, which might be best described as the minimal viable model for an unregulated electronic currency.
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March 29, 2012, 10:08:54 PM
 #2042

http://www.rdmag.com/News/Feeds/2012/03/general-sciences-bitcoin-currency-system-offers-negative-incentive/

Interesting...  this information was presented at an e-commerce convention in Valencia, Spain in July.  Now someone in Spain has a large amount of hashing power that is solving blocks with no transactions.  I don't understand the system quite well enough to know if it's the same concept being applied.  The Microsoft researchers proposed a solution where the block solver only gets half the reward, and the other half is divided among the nodes who passed along the transactions (is that how it works?).
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March 31, 2012, 02:52:14 AM
 #2043

Visa and MasterCard warn of "Massive" Breach at Card Processor

http://majorgeeks.com/story.php?id=34000

No mention of bitcoin, but it's nice to see the competition have their fair share of problems.

Bitcoin combines money, the wrongest thing in the world, with software, the easiest thing in the world to get wrong.
Visit www.thevenusproject.com and www.theZeitgeistMovement.com.
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March 31, 2012, 03:07:36 AM
 #2044

Visa and MasterCard warn of "Massive" Breach at Card Processor

http://majorgeeks.com/story.php?id=34000

No mention of bitcoin, but it's nice to see the competition have their fair share of problems.

Maybe the dollar will fall 90% after this.
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March 31, 2012, 03:16:48 AM
 #2045

Visa and MasterCard warn of "Massive" Breach at Card Processor

http://majorgeeks.com/story.php?id=34000

No mention of bitcoin, but it's nice to see the competition have their fair share of problems.

Maybe the dollar will fall 90% after this.

lol Wink
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April 02, 2012, 12:14:56 AM
 #2046

Quote
Bitcoin, the City traders' anarchic new toy

(Reuters) - Financial traders have a new toy: Bitcoin, a digital currency variously dismissed as a Ponzi scheme or lauded as the greatest invention since the Internet.

Naomi O'Leary
London, 2012-04-02

http://www.reuters.com/article/2012/04/01/traders-bitcoin-idUSL6E8ET5K620120401

Quote



discussion thread: https://bitcointalk.org/index.php?topic=75015.0

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April 02, 2012, 12:27:26 AM
 #2047

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Bitcoin, the City traders' anarchic new toy

(Reuters) - Financial traders have a new toy: Bitcoin, a digital currency variously dismissed as a Ponzi scheme or lauded as the greatest invention since the Internet.

Naomi O'Leary
London, 2012-04-02

http://www.reuters.com/article/2012/04/01/traders-bitcoin-idUSL6E8ET5K620120401

great find.  i always knew they were here.
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April 02, 2012, 12:50:30 AM
 #2048

Not a press hit..  but a notable use of bitcoin.

Bitcoin prices being offered at InfoSec Southwest 2012
march30- april1, austin texas

Quote
Demolition Derby CTF


http://www.infosecsouthwest.com/demolitionderby.html


...
Prizes
Prizes for this competition will be based on points collected from captured flag files. Top-ranking competitors will all receive a complimentary pass to next year's conference, as well as their choice of one of the following prizes:
A 25 BTC Casascius Bitcoin, courtesy of Trammell Ventures
A Bug Hunter's Diary, The IDA Pro Book, and Gray Hat Python book bundle, courtesy of No Starch Press
wi*spy 2.4x, courtesy of Harris Crucial Security
DIY Security Camera Kit, courtesy of Harris Crucial Security
In addition to the prizes awarded for points, each flag file will contain an encrypted Bitcoin private key which will have some Bitcoin value sent to it. The list of Bitcoin addresses for the keys and their values has been posted here and can be independently verified using Block Explorer. Once the competition is complete, we will publish the encryption key used to encrypt the Bitcoin private keys here on our website. At that point, the "gold rush" phase will be on for the competitors to decrypt and import these keys into their Bitcoin wallet and "sweep" (claim) the Bitcoins for themselves. Each flag file will also contain the cleartext Bitcoin address for the encrypted private key so that competitors may verify the key's value on the Bitcoin network and keep a running total of how much BTC their flags are worth.
GOLD RUSH!!! The encryption key pair used to encrypt the Bitcoin keys included in the flag files has been posted! Grab them here!
...


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April 02, 2012, 12:56:40 AM
 #2049

Related to the Reuters hit above..   same author released a brief overview of bitcoin:
Quote
Factbox - What is Bitcoin - currency or con?

Naomi O'Leary
2012-04-01

http://uk.reuters.com/article/2012/04/01/uk-factbox-bitcoin-idUKBRE8300JP20120401

http://www.iii.co.uk/news-opinion/reuters/news/30724

LONDON (Reuters) - Bitcoin is a mathematical money system driven by code. It allows users to send money directly from their computer to another on the other side of the world.
...

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April 02, 2012, 01:01:21 AM
 #2050

Same ol'...

Quote
Deadly drugs for sale in online universe called Dark Web

DRUG dealers are operating beyond the reach of law in a sinister parallel online universe called the Dark Web.

Brian Flynn
2012-04-01

http://www.thesun.co.uk/sol/homepage/news/4232399/Deadly-drugs-for-sale-in-online-universe-called-Dark-Web.html


...
Software diverts traffic through a chain of PCs around the globe — making it impossible to trace users. Buyers use a legal virtual currency called Bitcoins, which the website launders through a string of fake transactions to hide their origin.
...

discussion thread: https://bitcointalk.org/index.php?topic=74959.0

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April 02, 2012, 01:09:47 AM
 #2051

Quote
Bitcoin, the City traders' anarchic new toy

(Reuters) - Financial traders have a new toy: Bitcoin, a digital currency variously dismissed as a Ponzi scheme or lauded as the greatest invention since the Internet.

Naomi O'Leary
London, 2012-04-02

http://www.reuters.com/article/2012/04/01/traders-bitcoin-idUSL6E8ET5K620120401

Reposted on HN: http://news.ycombinator.com/item?id=3785672
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April 02, 2012, 05:57:49 AM
 #2052

Quote
Bitcoin, the City traders' anarchic new toy

(Reuters) - Financial traders have a new toy: Bitcoin, a digital currency variously dismissed as a Ponzi scheme or lauded as the greatest invention since the Internet.

Naomi O'Leary
London, 2012-04-02

http://www.reuters.com/article/2012/04/01/traders-bitcoin-idUSL6E8ET5K620120401

Reposted on HN: http://news.ycombinator.com/item?id=3785672

Front-page, nice.

College of Bucking Bulls Knowledge
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April 02, 2012, 08:03:31 AM
 #2053

Quote
Bitcoin, the City traders' anarchic new toy

(Reuters) - Financial traders have a new toy: Bitcoin, a digital currency variously dismissed as a Ponzi scheme or lauded as the greatest invention since the Internet.

Naomi O'Leary
London, 2012-04-02

http://www.reuters.com/article/2012/04/01/traders-bitcoin-idUSL6E8ET5K620120401

ahahaha. sorry to spam the thread, but this quote from above article apparently made at the Digital Money Forum in London is priceless and should go down in the history books for later reference:

Quote from: Simon Lelieveldt
"Bitcoin is not going to fly because there is no central bank or power base. It's doomed to fail."

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
julz
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April 02, 2012, 02:16:28 PM
 #2054

Quote
Bitcoin ‘Is a Better Form of Money Than We Have Right Now,’ Pro Trader Says

Financial traders try to avoid getting Zhou Tonged.

Adrianne Jeffries
2012-04-02

http://www.betabeat.com/2012/04/02/bitcoin-is-a-better-form-of-money-than-we-have-right-now-pro-financial-trader-says/

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April 02, 2012, 02:18:37 PM
 #2055

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April 02, 2012, 02:52:54 PM
 #2056

Quote
It Makes Total Sense That the Bankers Who Destroyed Our Economy Are Now Trading Bitcoin

Mario Aguilar
2012-04-02


http://gizmodo.com/5898303/it-makes-total-sense-that-the-bankers-who-destroyed-our-economy-are-now-trading-bitcoin

At its core, Bitcoin is worthless.
That people continue to trade the invented digital currency is understandable because it's possible to turn a quick, risky buck.
...

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April 02, 2012, 02:57:11 PM
 #2057

This puzzled 'international ECommerce specialist' still hasn't understood that the utter non-reliance of bitcoin upon it's founding coder is a strength.

Quote
Forbes Still A Bitcoin Fan?

2012-04-02
Melody Wigdahl

http://www.onlinepaymentnews.com/forbes-still-a-bitcoin-fan-4922.html/

... considering that the ‘alternative’ currency is anonymous, decentralized and virtually nothing is known about the coder that originally created the system – and who now seems to have disappeared…..one has to wonder why it continues to get so much press?

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April 02, 2012, 03:05:02 PM
 #2058

This puzzled 'international ECommerce specialist' still hasn't understood that the utter non-reliance of bitcoin upon it's founding coder is a strength.

Quote
Forbes Still A Bitcoin Fan?

2012-04-02
Melody Wigdahl

http://www.onlinepaymentnews.com/forbes-still-a-bitcoin-fan-4922.html/

... considering that the ‘alternative’ currency is anonymous, decentralized and virtually nothing is known about the coder that originally created the system – and who now seems to have disappeared…..one has to wonder why it continues to get so much press?

That's pretty humorous. Do we need to know anything about Leibniz or Newton to use calculus?

Still around.
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April 02, 2012, 03:34:38 PM
 #2059

Quote
Payment expert dubs Bitcoin a perfect fit for online gambling

Jamie Hinks
2012-04-02

http://calvinayre.com/2012/04/02/marketing/bitcoin-a-perfect-fit-for-online-gambling/

...
No backing from a central bank is why this youthful currency has a chance to thrive among huge swathes of the planet that are critical of the banking sector.
...

(calvinayre.com is an online gaming news site,  Calvin Ayre being the founder of the Bodog online gaming and entertainment brand)

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April 02, 2012, 07:36:52 PM
 #2060

First off I want to know which of you had a Pint and made this quote because it's marvelous!

Quote
"Bitcoin is not run by people with hot sexual appetites for hotel maids"  one trader and Bitcoin enthusiast told Reuters over a pint of Guinness in London's financial district.

Second off the above reference as well as this one:

Quote
'Workers at Morgan Stanley and Goldman Sachs in London and New York have been visiting online Bitcoin exchanges as often as 30 times a day, according to documents seen by Reuters. Neither bank wanted to comment.'

bother the heck out of me. The last thing we need is somebody with the pockets of G.S. to come in and either push the market down to basically a collapse, try and own the entire market or have their programmers go to work in developing trading programs and totally skew the market and screw over the smaller players. Right now I don't see it being of much interest to them as the volume is just to low but if they came in full bore the only ones getting anywhere with Bitcoin at that point would be Goldman or those early miners who are sitting on thousands of coins.





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