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Author Topic: [RANSOM] Bitcoin Weekly Business Model Experiment  (Read 1110 times)
Vitalik Buterin
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June 24, 2011, 05:38:42 PM
 #1

Hey, guys. Us folks at Bitcoin Weekly (http://bitcoinweekly.com/) are running low on cash, so we've decided to try a novel business model to get things rolling. We got an article locked up, Bitcoin for Individual-to-Individual Transactions and Community Trade, by me, and we're not giving it up until a total of 0.500 BTC (as of my original writing this 0.319 remaining; you can check progress here: http://blockexplorer.com/address/1JYXS3dpHjk9MT7U6oXNKwfVeubW41iWkf) is placed into that address. So if you like Bitcoin Weekly, or you're feeling generous right now, or perhaps you got a sudden windfall from one of those pyramid schemes, or you're just plain bored, please consider donating to us! We are, of course, still continuing to release other articles, and remember: all our content is public domain! If our experiment succeeds, we'll keep doing it and even set up an automated system to show the ransom on our website, and hopefully we'll get a nice steady revenue stream going so we can expand our operations and pay more to our writers.

Argumentum ad lunam: the fallacy that because Bitcoin's price is rising really fast the currency must be a speculative bubble and/or Ponzi scheme.
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kiba
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June 25, 2011, 01:29:44 PM
 #2

Balance remains at 0.181 BTC.

Everyone, please consider donating at least 1 bitcent.

kiba
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June 25, 2011, 07:09:05 PM
 #3

Bitcoin Weekly now have .286 BTC in the ransom address.

.214 BTC to goes until ransom amount is raised and then we can release a new article.

kiba
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June 26, 2011, 01:49:24 PM
 #4

Donation amount to the ransom address had not changed since my last report.

graingert
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June 26, 2011, 01:55:10 PM
 #5

can you release the SHA512 hash of the article now?

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Sukrim
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June 26, 2011, 02:02:04 PM
 #6

Yeah, it would be actually cool to release it as encrypted archive (7zip uses a quite solid AES implementation) and release the key automatically, once 0.5 BTC are shown on Blockexplorer.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
kiba
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June 26, 2011, 04:36:21 PM
 #7

I am not sure if that is necessary. More complexity and more works for me.

kiba
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June 26, 2011, 04:58:02 PM
 #8

We now achieved .50 BTC. Release of article commencing...

kiba
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June 26, 2011, 04:59:59 PM
 #9

Article is now published: http://www.bitcoinweekly.com/articles/bitcoin-for-individual-to-individual-transactions-and-community-trade

Sukrim
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June 26, 2011, 07:01:42 PM
 #10

I am not sure if that is necessary. More complexity and more works for me.
Creating an encrypted archive and posting it in a thread can be done in less than 30 seconds... the automated check if enough money has been accumulated can be done later too.

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
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