Blog Archives

How to Counterfeit Bitcoins

July 10, 2012
By Donald Norman
How to Counterfeit Bitcoins

You can’t. Bitcoins simply cannot be counterfeited. However, paper money can and few people realise the following two truths. 1) Governments have perilously tenuous grips at controling counterfeiting operations. 2) A single successful counterfeiting operation can wreak havoc and destabilise even the most developed western economy. In 2000, self-taught Wesley Weber was so successful...

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First Licensed Advanced Trading Platform For Bitcoin

April 24, 2012
By Donald Norman
Traders work on the main floor of stock exchange market in Sao Paulo

A Bitcoin trading platform has announced this week that it is the world’s first fully-licensed advanced trading platform for Bitcoins. Bitcoinica was developed by a 17 year old Chinese student named Zhou Tong. After 7 and a half months his advanced trading platform had traded 8.5 million Bitcoins (currently worth roughly 44 million USD)....

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