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)....
Another mundane day to day example of how trusting external services leaves you open to abuse. Props to Riseup collective for operating these services and the foundational work they are doing in various areas. Although this time, the server had no data on it, it could well have. And then the FBI would have...
Laybit have created an interesting system where users can micro donate, and if they have javascript disabled it will fallback to Bitcoin URI links. At Laybit people are able to make “pretty” image links, and tip content owners via them. They can even make QR-code so they can tip content owners in the real...
Jeff Garzik pointed out that Bitcoin-Qt no longer operates using the IRC bootstrap, and on inspection he’s right. This mainly applies to older versions of bitcoin. Bitcoin-Qt maintains an internal list of nodes it can try to connect to when you start it up. It randomly picks IP addresses from this list and tries...
Four months ago I wanted to read a science paper on Ada Lovelace. As a non-academic, all the download sites were behind paywalls where I had to pay $60 or more. And this is not the first time either – I often want to read journals in medicine or physics but can’t. I am...
One year ago when we formed the Bitcoin Consultancy, we formulated a theory that encapsulated our view of how bitcoin would grow. All of our decisions and action has been congruent with this theory and underlies our reasoning about the bitcoin world. It is a pyramid of dependency. Growth in bottom layers feeds into...
They have a good point. If you want to smash the financial industry and speculators, then hit them hard in their wallets. Do your bit for the world economy: donate to Bitcoinica. They mention Simon from the Royal Canadian Mint. I was there at Digital Money Forum in London when they announced their MintChip....
Check out this year’s Bitcoin Conference in London. We are glad to have Max back again this year as he does ‘get it’. Related: Max Keiser answers your questions.
They really don’t get it. The downslide of mainstream finance is not due to simple issues like the fees are too high or the baroque nature of internet banking. Mobile payments or the cashless society will not ride up on a white horse and rescue the industry. Death is coming. The failings are deeply...
If we look back in the history of icons used on money, we'll find a long stream of symbols of leadership and authority to represent the governance behind the minting and authentication of the currency. With this article, the first of a series, I'm trying to envision more symbols that can help represent Bitcoin...
libbitcoin libbitcoin after 6 months of active development is now a 1.0 release. Software becomes a 1.0 release when the developer decides that it has become solid enough to warrant it. It’s not a sudden change, but a nice milestone that’s been reached. libbitcoin is vital for a bitcoin ecosystem. In the future we...
I’m a Boomer generation successful businessman and investor and was asked to remake a post I put up on the Bitcoin Forum into an article for BitcoinMedia. As a bit of background, I sold 99% of my gold and silver bullion last year in 2011 near the tops in both markets (accumulated between 2005-6)...
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