Is it worth cancelling an order, I’m waiting for a deposit to get to Mt.Gox, but am wondering if I should just leave it until the beginning of next week…
Is it worth cancelling an order, I’m waiting for a deposit to get to Mt.Gox, but am wondering if I should just leave it until the beginning of next week…
See also: the 2012 analog of this article. In the past three months, regulatory attention …The post Regulatory Responses to Bitcoin: 2013 Edition appeared first on Bitcoin Magazine.
See also: the 2012 analog of this article. In the past three months, regulatory attention …
The post Regulatory Responses to Bitcoin: 2013 Edition appeared first on Bitcoin Magazine.
The latest improvement to bitcoinj will enable users to make off-block chain micro transactions and has the potential to dramatically reduce the size of blocks going forward. There has been considerable concern about the minimum size of transactions that should be included in blocks. While many voice the opinion that no one should be allowed to police what transactions can be included, it is equally as clear that it is not reasonable for everyone in the world to host every bitcoin transaction on their hard drive. Gavin was particularly excited about the implementation: The block chain recently passed 8GB, a sizable number considering it has to be downloaded over peer to peer communications. The size of bitcoin blocks – the storage unit for bitcoin transactions – depend on many factors, most notably the number of transactions included in it. All other things being equal, a transaction moving 1,000 bitcoins uses the same amount of space as a transaction moving 0.0001 bitcoins. The most significant difference however, is the security required…
The post Off-chain Bitcoin Micropayments Implemented in Bitcoinj appeared first on The Genesis Block.
The latest improvement to bitcoinj will enable users to make off-block chain micro transactions and has the potential to dramatically reduce the size of blocks going forward. There has been considerable concern about the minimum size of transactions that should be included in blocks. While many voice the opinion that no one should be allowed to police what transactions can be included, it is equally as clear that it is not reasonable for everyone in the world to host every bitcoin transaction on their hard drive. Gavin was particularly excited about the implementation: The block chain recently passed 8GB, a sizable number considering it has to be downloaded over peer to peer communications. The size of bitcoin blocks – the storage unit for bitcoin transactions – depend on many factors, most notably the number of transactions included in it. All other things being equal, a transaction moving 1,000 bitcoins uses the same amount of space as a transaction moving 0.0001 bitcoins. The most significant difference however, is the security required…
The post Off-chain Bitcoin Micropayments Implemented in Bitcoinj appeared first on The Genesis Block.
Bitcoin Payments Could Quickly Become Competitive Wedge In Online GamingForbesLONDON, ENGLAND – JULY 13: Chips pile up next… Have you ever wondered why new technology tends to be exploited in the adult entertainment and online gambling industries fir…
Finance ministers from the European Union reached an agreement early this morning regarding terms for failing banks in the euro region. The new rules are intended to shield taxpayers, who have extended approximately €1.6 trillion in support since the 2008 financial crisis, from saddling the cost of bank bailouts, shifting liability instead to creditors and depositors. Under the new rules, beginning in 2018, shareholders would assume losses before unsecured creditors and depositors, with exemptions for insured deposits less than €100,000, as well as select individuals and small companies. A Familiar Precedent When depositors in Cyprus faced levies up to 10% in late March as a prerequisite for Cypriot banks to receive capital injections from the ECB and IMF, savers in the island nation rushed to their banks, only to find a series of capital controls preventing them from transferring or withdrawing from their accounts. At the time, Mario Draghi, President of the European Central Bank, assured the world that “Cyprus is no template, Cyprus is no turning point in euro…
The post New EU Deal Puts Creditors And Depositors In Failing Banks At Risk appeared first on The Genesis Block.
Finance ministers from the European Union reached an agreement early this morning regarding terms for failing banks in the euro region. The new rules are intended to shield taxpayers, who have extended approximately €1.6 trillion in support since the 2008 financial crisis, from saddling the cost of bank bailouts, shifting liability instead to creditors and depositors. Under the new rules, beginning in 2018, shareholders would assume losses before unsecured creditors and depositors, with exemptions for insured deposits less than €100,000, as well as select individuals and small companies. A Familiar Precedent When depositors in Cyprus faced levies up to 10% in late March as a prerequisite for Cypriot banks to receive capital injections from the ECB and IMF, savers in the island nation rushed to their banks, only to find a series of capital controls preventing them from transferring or withdrawing from their accounts. At the time, Mario Draghi, President of the European Central Bank, assured the world that “Cyprus is no template, Cyprus is no turning point in euro…
The post New EU Deal Puts Creditors And Depositors In Failing Banks At Risk appeared first on The Genesis Block.
Reason (blog)The DEA Seized Bitcoins In A Silk Road Drug RaidTechCrunchIn the underground world of the deep web there are few places as nefarious as Silk Road. The site, hidden on the Tor network has long been one of the primary venues for buying and s…