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Author Topic: 2012-06-08 Arstechnica.com - Bitcoin as the Net's Wild West  (Read 1201 times)
proudhon
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June 08, 2012, 01:42:51 PM
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Linky.

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On June 8, 2011, the same day Ars Technica ran its first story about Bitcoin, the peer-to-peer digital currency's value jumped to an all-time high of $32. Bitcoins had been worth less than $1 just two months earlier, and that day proved to be the peak of the bubble. The value of a Bitcoin fell below $20 within a week, and by November it had fallen to $2.

But since it hit bottom late last year, the cryptocurrency has defied skeptics (including me) who predicted it would prove to be a passing fad. The currency regained some of its lost value, and the price has become much more stable in recent months. In the last three months, the value of a Bitcoin fluctuated in a narrow band from $4.50 to $5.50. As this is being written, the currency has just hit a 3-month high of $5.60.

...
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June 08, 2012, 02:21:33 PM
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GASP! Arstechnica about face?

Stephen Gornick
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June 08, 2012, 06:33:16 PM
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Future Bitcoin clients will support multisignature transactions, in which a user's private key is split up among multiple devices.

With this feature enabled, compromising any single device won't allow an attacker to spend the Bitcoins in a user's wallet.

That's an inaccurate description of what multisignature does, but great to see the purpose of multisignature be described to a wider audience from this article.

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June 08, 2012, 07:36:37 PM
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This is a great article. It's definitely the most positive Bitcoin article from Ars Technica so far. The tide is changing.

Prasos operates Denarium, Coinmotion and Bittiraha.fi. We have an equity offering now live! Check our pitch and invest at Invesdor.
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June 09, 2012, 12:14:04 AM
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Disclosures: The author owns some Bitcoins.

Typical pump and dump ? Wink
proudhon
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June 09, 2012, 12:56:15 AM
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Disclosures: The author owns some Bitcoins.

Typical pump and dump ? Wink

He's a little late on the pump.  Maybe he's trying to keep the price up while he dumps.
TehZomB
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June 09, 2012, 02:33:36 AM
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Then there's "Girls Gone Bitcoin." In this reddit subforum

Reddit is offended.
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