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Author Topic: 2012-06-08 Arstechnica.com - Bitcoin as the Net's Wild West  (Read 1175 times)
proudhon
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June 08, 2012, 01:42:51 PM
 #1

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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Piper67
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AffBits.com Affiliate Network


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June 08, 2012, 02:21:33 PM
 #2

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.

Technomage
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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.

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bulanula
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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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