Stephen Gornick (OP)
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May 10, 2011, 08:11:17 PM
Last edit: May 16, 2011, 04:49:16 PM by sgornick |
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Sunday, May 15th, 2011Saturday, May 14th, 2011- Update on @TheRealPlato’s #BitcoinRoadTrip: Austin, TX
This leg of the trip brought Plato to a tech hub and he’s making the most of it. On Friday Plato met CEO of Tabbedout, a company that builds an app for Android and iPhone mobiles that is used at participating restaurants and bars. With the app you can open, view and pay for your tab. Will “pay using bitcoins” be added as one of the payment options? Let’s hope so!
Following that was a visit to the McCombs School of business at UT Austin. Plato met with @LizWinks of the Center for Research in Electronic Commerce (CREC). The CREC’s director, Andrew B. Whinston was interviewed in February as part of CBC’s SPARK 139 episode on Bitcoin.
- http://tabbedout.com/sections/13/how-it-works/consumers/pay-your-tab
- http://www.bitcoinmoney.com/post/3554485526
- http://twitter.com/#!/therealplato - New blog: Bitcoin Trading Signals trading blog
The author of the blog follows the Btc/Usd cross ratio and lists the trading signals detected. The blog reports on trades that are made and lists a profit summary.
- http://btctrading.wordpress.com - Article / Blog post:
Can BitCoin be used for mobile payments? question on Quora
The short answer is: Today, technically yes, though it isn’t pretty. Additional and better options are forthcoming, but Bitcoin’s decentralized architecture adds a significant hurdle.
- http://www.quora.com/Can-BitCoin-be-used-for-mobile-payments - Bitcoin Economy Snapshot: 1 BTC = $8.10 USD, Size: 6.20M BTC, Last 24h: 1.69M BTC in 4.3K trx, Difficulty: 157.4K, Forum posts/day: 1,781 Nodes: 1.3K
- http://twitter.com/bitcoineconomy
Friday, May 13th, 2011- Please accept our apologies, the news editor was AFK on Friday.
Due to time constraints (and completely unrelated to any superstition), no entries were made for the day. You can catch up on what was missed by reading Saturday’s post.
Thursday, May 12th, 2011- Article / Blog post:
Bitcoin security by Alaric Snell-Pym
“Bitcoin will be as anonymous as cash - for people who are not the subject of a major, expensive, law enforcement investigation, it’s perfect. It’ll be a lot harder to do the kind of routine mass surveillance that is currently done with card payment records.”
- http://www.snell-pym.org.uk/archives/2011/05/12/bitcoin-security - Bitcoin Economy Snapshot:
1 BTC = $5.73 USD, Size: 6.18M BTC, Last 24h: 0.21M BTC in 3.2K trx, Difficulty: 157.4K, Forum posts/day: 1,600 Nodes: 1.4K
- http://twitter.com/bitcoineconomy - s3052’s Bitcoin Market Technical Analysis
Long term: “RALLY”
Short term: “We likely see another triangle with breakout to the upside to higher levels.” [Update: RALLY call has materialized.]
- http://bit.ly/kKQnD2 - Article / Blog post:
The P2P Evolution by Semil Shah in TechCrunch
[This post was from earlier this month, but it is very relevant to bitcoin.]
“We are already into the next peer-to-peer evolution: P2P 2.0”
Though Bitcoin wasn’t mentioned in this article, an organization such as Zaarly will likely find some of its user base more interested in receiving payments using bitcoins than through Square or the other P2P payment service.
- http://techcrunch.com/2011/05/01/p2p-evolution
Wednesday, May 11th, 2011- Article / Blog post:
With The Napster of Banking Round The Corner, Bring Out Your Popcorn by Rick Falkvings
“The governments of the world are on the brink of losing the ability to look into the economy of their citizens. They stand to lose the ability to seize assets, they stand to lose the ability to collect debts.”
- http://bit.ly/lyNksE - Earn Second Life Lindens by Mining Bitcoins
Mining 4 Lindens is the third “common interest” community to launch a mining pool such that bitcoins mined generate income for the community’s participants.
Previous endeavors include the XKCD pool and the Reddit Bitcoin Mining Team.
- http://www.bitcoinminer.com/post/5396637364 - Improvements at #Bitcoin-OTC marketplace and OTC Web of Trust (WoT)
To add or manage listings on the #bitcoin-otc order book authentication with the OTC WoT is necessary. Another method for registering and authenticating to the OTC WoT is now available. The one-time-password (OTP) makes the process easier to automate and for those authenticating manually, the OTP method involves fewer steps.
The marketplace regularly has over 400 IRC users simultaneously and the order book now shows over 200 open buy and sell orders.
- http://wiki.bitcoin-otc.com/wiki/GPG_authentication#One_time_password
- http://www.bitcoin-otc.com/vieworderbook.php - Article / Blog post (and book review): in the Mises Daily
The Triumph of Technology over Government Planning by Edward Wayne Younkins
“Cyberspace permits limitless opportunities and empowers the individual. The Internet is making existing forms of commerce more efficient and is fostering the emergence of self-organizing supranational communities. These new virtual communities are bound by common interests rather than by physical borders.”
- http://mises.org/daily/5249/The-Triumph-of-Technology-over-Government-Planning - Bitcoin exchange Mt. Gox adjusts defenses following new DDoS attacks
The exchange was offline for over an hour before modifications to the network defenses were sufficient to repel continued distributed denial-of-service attacks against the service. Trading resumed without further incident. - Article / Blog post: in Bitcoin Weekly
The Global Bitcoin Stock Exchange and Why It Matters by Vitalik Buterin
“The intent of [GLBSE] is to allow people to “issue shares to raise capital, pay dividends to shareholders, put resolutions to shareholders and get their vote […]”
“[There are] no minimum income or market capitalization requirements [to become listed.]“
“Anyone can trade stocks and bonds, and it is as anonymous as you want it to be.”
“GLBSE will operate 24/7”. ”The internet never sleeps.”
“GLBSE is not confined by outdated 20th century norms.”
- http://bit.ly/j9KYIw
- http://glbse.com
Tuesday, May 10th, 2011- Update on Plato’s #BitcoinRoadTrip.
Plato’s bitcoins are lasting longer, thanks to the BTC/USD exchange rate favoring him for most of his travels since the cross-country trip began several weeks ago. His latest disatch reads: “The pancakes I just ordered at this diner cost me 1 bitcoin”. Plato uses as payment a bitcoin scratch-off card which contains a code that may be redeemed for bitcoins.
- https://i.imgur.com/d61XK.jpg (scratch-off)
- http://twitter.com/#!/therealplato - BTC/USD market exchange rate spikes a second day in a row, to $6.065.
The exchange rate on Mt. Gox climbed nearly 20% on Tuesday with some bouncing late in the day.
- http://bit.ly/lWh5Aw - Press / media:
Interview on This Week in Startups, @TWiStartups was Bitcoin lead developer Gavin Andresen and Britcoin’s Amir Taaki. Host of the show was @Jason Calicanis.
- http://youtube.com/watch?v=TwNfBgwbqng - In the video you’ll see that Gavin was stylin’ the I Use Coins T-Shirt. The shirts may be purchased using only bitcoins. The online store uses the Ubercart ecommerce software and, presumably, the uc_bitcoin currency module.
- http://www.iusecoins.com
- http://en.bitcoin.it/wiki/Uc_bitcoin - Bitcoin exchange Mt. Gox adds automated withdrawal to Dwolla
The exchange now supports automated withdrawal of USD funds to Dwolla accounts. Added earlier was the ability to add funds to the exchange from Dwolla.
The exchange also has stopped temporarily accepting U.S. bank wire and ACH transactions (either deposit or withdrawal).
- http://www.bitcoinmoney.com/post/5385683214 - s3052’s Bitcoin Market Technical Analysis
Long term: “BTC/USD seem to have completed a 5th Elliott Wave up, which is typically the end of an impulsive wave.”
Short term: “A strong breakout above $5 would make a continuation of the rally possible. Given the overbought condition of the market, watch out for a bull trap above $5.”
- http://bit.ly/lVNArP
Monday, May 9th, 2011- Mining difficulty adjustment - 157,426. A 43% increase in just under 10 days.
- BTC/USD market exchange rate spikes to $4.99
The exchange rate on Mt. Gox rose 25% in seconds late Monday (Pacific Coast time) on a couple of large buy orders before settling at about the $4.50 range.
- http://bit.ly/j1x34X - Article / Blog post:
BitCoin. Good as Gold? by Adam Curry, co-host of the No Agenda show (along with John C. Dvorak)
“The idea of having something I can send digitally in it’s original form is interesting and in many ways appealing.”
- http://blog.curry.com/stories/2011/05/09/bitcoinGoodAsGold.html - Press: The Hindu (Bangalore, India)
New currency on the block by Deepa Kurup
Introduces Bitcoin to its readers.
“BitCoin is yet to make an impact among Indian users. But considering the thousands of PayPal customers who suffered last year when the firm withdrew services from India, this is one idea that is likely to catch on among freelancers and small businesses.”
- http://www.thehindu.com/news/cities/Bangalore/article2001732.ece - Article / Blog post:
Why bitcoin will fail by Avery Pennarun
Here’s a snippet that will help you decide whether or not to read it:
“If governments can’t control the money supply, then they can’t set interest rates. If they can’t set interest rates, they can’t control the economy, and if nobody is controlling the economy, then the economy will act like any uncontrolled complex system: it’ll go crazy.”
- http://apenwarr.ca/log/?m=201105#08
Have a news tip, suggestion or comment? http://www.bitcoinnews.com/submitCurrent week (updated throughout each day): http://www.bitcoinnews.com ( RSS) ( mobile) ( email) Previous summaries: http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNewsEach day I will post a reply with the previous day's summary, and will update this specific post to include each daily summary as well.
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BitterTea
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May 10, 2011, 08:14:26 PM |
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Haha. the economy will act like any uncontrolled complex system: it’ll go crazy Just like the universe and all of the earth's ecosystems! |
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joeydangerous
Sr. Member
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Activity: 350
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CryptoTalk.Org - Get Paid for every Post!
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May 10, 2011, 09:33:27 PM |
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Thanks for the post! We are living in an exciting time! That bitcoin failing article is hilarious: "Like the gold standard, a successful bitcoin would send our economy back into the dark ages. " Haha! Just the opposite!
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Stephen Gornick (OP)
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Activity: 2506
Merit: 1010
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May 11, 2011, 08:54:20 AM |
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Tuesday, May 10th, 2011- Update on Plato’s #BitcoinRoadTrip.
Plato’s bitcoins are lasting longer, thanks to the BTC/USD exchange rate favoring him for most of his travels since the cross-country trip began several weeks ago. His latest disatch reads: “The pancakes I just ordered at this diner cost me 1 bitcoin”. Plato uses as payment a bitcoin scratch-off card which contains a code that may be redeemed for bitcoins.
- https://i.imgur.com/d61XK.jpg (scratch-off)
- http://twitter.com/#!/therealplato - BTC/USD market exchange rate spikes a second day in a row, to $6.065.
The exchange rate on Mt. Gox climbed nearly 20% on Tuesday with some bouncing late in the day.
- http://bit.ly/lWh5Aw - Press / media:
Interview on This Week in Startups, @TWiStartups was Bitcoin lead developer Gavin Andresen and Britcoin’s Amir Taaki. Host of the show was @Jason Calicanis.
- http://youtube.com/watch?v=TwNfBgwbqng - In the video you’ll see that Gavin was stylin’ the I Use Coins T-Shirt. The shirts may be purchased using only bitcoins. The online store uses the Ubercart ecommerce software and, presumably, the uc_bitcoin currency module.
- http://www.iusecoins.com
- http://en.bitcoin.it/wiki/Uc_bitcoin - Bitcoin exchange Mt. Gox adds automated withdrawal to Dwolla
The exchange now supports automated withdrawal of USD funds to Dwolla accounts. Added earlier was the ability to add funds to the exchange from Dwolla.
The exchange also has stopped temporarily accepting U.S. bank wire and ACH transactions (either deposit or withdrawal).
- http://www.bitcoinmoney.com/post/5385683214 - s3052’s Bitcoin Market Technical Analysis
Long term: “BTC/USD seem to have completed a 5th Elliott Wave up, which is typically the end of an impulsive wave.”
Short term: “A strong breakout above $5 would make a continuation of the rally possible. Given the overbought condition of the market, watch out for a bull trap above $5.”
- http://bit.ly/lVNArP
Have a news tip, suggestion or comment? http://www.bitcoinnews.com/submitCurrent week (updated throughout each day): http://www.bitcoinnews.com ( RSS) ( mobile) ( email) Previous summaries: http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNews
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Stephen Gornick (OP)
Legendary
Offline
Activity: 2506
Merit: 1010
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May 12, 2011, 04:40:50 PM |
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Wednesday, May 11th, 2011- Article / Blog post:
With The Napster of Banking Round The Corner, Bring Out Your Popcorn by Rick Falkvings
“The governments of the world are on the brink of losing the ability to look into the economy of their citizens. They stand to lose the ability to seize assets, they stand to lose the ability to collect debts.”
- http://bit.ly/lyNksE - Earn Second Life Lindens by Mining Bitcoins
Mining 4 Lindens is the third “common interest” community to launch a mining pool such that bitcoins mined generate income for the community’s participants.
Previous endeavors include the XKCD pool and the Reddit Bitcoin Mining Team.
- http://www.bitcoinminer.com/post/5396637364 - Improvements at #Bitcoin-OTC marketplace and OTC Web of Trust (WoT)
To add or manage listings on the #bitcoin-otc order book authentication with the OTC WoT is necessary. Another method for registering and authenticating to the OTC WoT is now available. The one-time-password (OTP) makes the process easier to automate and for those authenticating manually, the OTP method involves fewer steps.
The marketplace regularly has over 400 IRC users simultaneously and the order book now shows over 200 open buy and sell orders.
- http://wiki.bitcoin-otc.com/wiki/GPG_authentication#One_time_password
- http://www.bitcoin-otc.com/vieworderbook.php - Article / Blog post (and book review): in the Mises Daily
The Triumph of Technology over Government Planning by Edward Wayne Younkins
“Cyberspace permits limitless opportunities and empowers the individual. The Internet is making existing forms of commerce more efficient and is fostering the emergence of self-organizing supranational communities. These new virtual communities are bound by common interests rather than by physical borders.”
- http://mises.org/daily/5249/The-Triumph-of-Technology-over-Government-Planning - Bitcoin exchange Mt. Gox adjusts defenses following new DDoS attacks
The exchange was offline for over an hour before modifications to the network defenses were sufficient to repel continued distributed denial-of-service attacks against the service. Trading resumed without further incident. - Article / Blog post: in Bitcoin Weekly
The Global Bitcoin Stock Exchange and Why It Matters by Vitalik Buterin
“The intent of [GLBSE] is to allow people to “issue shares to raise capital, pay dividends to shareholders, put resolutions to shareholders and get their vote […]”
“[There are] no minimum income or market capitalization requirements [to become listed.]“
“Anyone can trade stocks and bonds, and it is as anonymous as you want it to be.”
“GLBSE will operate 24/7”. ”The internet never sleeps.”
“GLBSE is not confined by outdated 20th century norms.”
- http://bit.ly/j9KYIw
- http://glbse.com
Have a news tip, suggestion or comment? http://www.bitcoinnews.com/submitCurrent week (updated throughout each day): http://www.bitcoinnews.com ( RSS) ( mobile) ( email) Previous summaries: http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNews
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Stephen Gornick (OP)
Legendary
Offline
Activity: 2506
Merit: 1010
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May 15, 2011, 01:17:36 AM |
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Friday, May 13th, 2011- Please accept our apologies, the news editor was AFK on Friday.
Due to time constraints (and completely unrelated to any superstition), no entries were made for the day. You can catch up on what was missed by reading Saturday’s post.
Thursday, May 12th, 2011- Article / Blog post:
Bitcoin security by Alaric Snell-Pym
“Bitcoin will be as anonymous as cash - for people who are not the subject of a major, expensive, law enforcement investigation, it’s perfect. It’ll be a lot harder to do the kind of routine mass surveillance that is currently done with card payment records.”
- http://www.snell-pym.org.uk/archives/2011/05/12/bitcoin-security - Bitcoin Economy Snapshot:
1 BTC = $5.73 USD, Size: 6.18M BTC, Last 24h: 0.21M BTC in 3.2K trx, Difficulty: 157.4K, Forum posts/day: 1,600 Nodes: 1.4K
- http://twitter.com/bitcoineconomy - s3052’s Bitcoin Market Technical Analysis
Long term: “RALLY”
Short term: “We likely see another triangle with breakout to the upside to higher levels.” [Update: RALLY call has materialized.]
- http://bit.ly/kKQnD2 - Article / Blog post:
The P2P Evolution by Semil Shah in TechCrunch
[This post was from earlier this month, but it is very relevant to bitcoin.]
“We are already into the next peer-to-peer evolution: P2P 2.0”
Though Bitcoin wasn’t mentioned in this article, an organization such as Zaarly will likely find some of its user base more interested in receiving payments using bitcoins than through Square or the other P2P payment service.
- http://techcrunch.com/2011/05/01/p2p-evolution
Have a news tip, suggestion or comment? http://www.bitcoinnews.com/submitCurrent week (updated throughout each day): http://www.bitcoinnews.com ( RSS) ( mobile) ( email) Previous summaries: http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNews
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Stephen Gornick (OP)
Legendary
Offline
Activity: 2506
Merit: 1010
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May 15, 2011, 09:28:33 AM |
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Saturday, May 14th, 2011- Update on @TheRealPlato’s #BitcoinRoadTrip: Austin, TX
This leg of the trip brought Plato to a tech hub and he’s making the most of it. On Friday Plato met with the CEO of Tabbedout, a company that builds an app for Android and iPhone mobiles that is used at participating restaurants and bars. With the app you can open, view and pay for your tab. Will “pay using bitcoins” be added as one of the payment options? Let’s hope so!
Following that was a visit to the McCombs School of business at UT Austin. Plato met with @LizWinks of the Center for Research in Electronic Commerce (CREC). The CREC’s director, Andrew B. Whinston was interviewed in February as part of CBC’s SPARK 139 episode on Bitcoin.
- http://tabbedout.com/sections/13/how-it-works/consumers/pay-your-tab
- http://www.bitcoinmoney.com/post/3554485526
- http://twitter.com/#!/therealplato - New blog: Bitcoin Trading Signals trading blog
The author of the blog follows the Btc/Usd cross ratio and lists the trading signals detected. The blog reports on trades that are made and lists a profit summary.
- http://btctrading.wordpress.com - Article / Blog post:
Can BitCoin be used for mobile payments? question on Quora
The short answer is: Today, technically yes, though it isn’t pretty. Additional and better options are forthcoming, but Bitcoin’s decentralized architecture adds a significant hurdle.
- http://www.quora.com/Can-BitCoin-be-used-for-mobile-payments - Bitcoin Economy Snapshot: 1 BTC = $8.10 USD, Size: 6.20M BTC, Last 24h: 1.69M BTC in 4.3K trx, Difficulty: 157.4K, Forum posts/day: 1,781 Nodes: 1.3K
- http://twitter.com/bitcoineconomy
Have a news tip, suggestion or comment? http://www.bitcoinnews.com/submitCurrent week (updated throughout each day): http://www.bitcoinnews.com ( RSS) ( mobile) ( email) Previous summaries: http://www.bitcoinnews.com/archive Follow on Twitter: @BitcoinNews
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