Bitcoin exchange: Greedy traders to blame for DDoS attackRegisterThe soaring value of crypto-currency Bitcoin stuttered slightly last night – after a main exchange for the currency was flooded with network traffic and Bitcoin wallet site Instawallet wa…
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Bitcoin exchange: Greedy traders to blame for DDoS attackRegisterThe soaring value of crypto-currency Bitcoin stuttered slightly last night - after a main exchange for the currency was flooded with network traffic and Bitcoin wallet site Instawallet was suspended. Mt Gox, the most popular Bitcoin exchange, blamed an ... |
Gigaom’s David Meyer – Yes, You Should Care About Bitcoin:
David Meyer (@superglaze)’s post on Gigaom offers a current introduction to Bitcoin for any of its readers who haven’t yet brought themselves up to speed. Excerpts:
“No one’s really sure where [Bitcoin] will end up, because no one has really done this distributed, borderless digital currency thing for real before – yes, there are Facebook Credits and Linden dollars, but these are still centralized and controlled as such.”
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“There have also been multiple previous attempts at creating non-digital alternative currencies, such as the Liberty Dollar, which earned its creator Bernard von NotHaus a counterfeiting conviction. Bitcoin may share the anti-statist motivation behind that wannabe currency, but it’s hard to see how it could constitute counterfeiting.”
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“If you lose your Bitcoin wallet, the money is lost forever, to everyone. If you lose your bankcard, it doesn’t wipe out the money in your account, and your bank will issue you a new one. There is no such mechanism in place here; losing Bitcoins is effectively like burning banknotes.”
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“From where I’m sitting, Bitcoin is already proving its worth as a disruptor and as a test-case for how technology could divorce currency from certain external factors.”
[Note, the same article was syndicated on CNN Money]
– http://bit.ly/XfAVAz
– http://bitcointalk.org/index.php?topic=167472.0 (Further discussion of the article)
All News – Daily E-mail Subscription – Twitter: @BitcoinNews
Gigaom’s David Meyer – Yes, You Should Care About Bitcoin:
David Meyer (@superglaze)’s post on Gigaom offers a current introduction to Bitcoin for any of its readers who haven’t yet brought themselves up to speed. Excerpts:
“No one’s really sure where [Bitcoin] will end up, because no one has really done this distributed, borderless digital currency thing for real before – yes, there are Facebook Credits and Linden dollars, but these are still centralized and controlled as such.”
–
“There have also been multiple previous attempts at creating non-digital alternative currencies, such as the Liberty Dollar, which earned its creator Bernard von NotHaus a counterfeiting conviction. Bitcoin may share the anti-statist motivation behind that wannabe currency, but it’s hard to see how it could constitute counterfeiting.”
–
“If you lose your Bitcoin wallet, the money is lost forever, to everyone. If you lose your bankcard, it doesn’t wipe out the money in your account, and your bank will issue you a new one. There is no such mechanism in place here; losing Bitcoins is effectively like burning banknotes.”
–
“From where I’m sitting, Bitcoin is already proving its worth as a disruptor and as a test-case for how technology could divorce currency from certain external factors.”
[Note, the same article was syndicated on CNN Money]
– http://bit.ly/XfAVAz
– http://bitcointalk.org/index.php?topic=167472.0 (Further discussion of the article)
All News – Daily E-mail Subscription – Twitter: @BitcoinNews
Video: FBN’s Melissa Francis Interviews Trace Mayer:
Trace Mayer (@RunToGold) helps Fox Business News’ Melissa Francis understand Bitcoin.
Duration: 5 minutes
– http://bit.ly/ZbyDiJ
– http://bitcointalk.org/index.php?topic=167267.0 (Further discussion of the interview)
All News – Daily E-mail Subscription – Twitter: @BitcoinNews
Video: FBN’s Melissa Francis Interviews Trace Mayer:
Trace Mayer (@RunToGold) helps Fox Business News’ Melissa Francis understand Bitcoin.
Duration: 5 minutes
– http://bit.ly/ZbyDiJ
– http://bitcointalk.org/index.php?topic=167267.0 (Further discussion of the interview)
All News – Daily E-mail Subscription – Twitter: @BitcoinNews
The rise of the bitcoin: Virtual gold or cyber-bubble?Washington PostThe currency is bitcoin, a kind of cyber-money initially traded among hackers and cryptologists, and increasingly traded on Web sites and exchanged for goods and services. Two years a…
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The rise of the bitcoin: Virtual gold or cyber-bubble?Washington PostThe currency is bitcoin, a kind of cyber-money initially traded among hackers and cryptologists, and increasingly traded on Web sites and exchanged for goods and services. Two years ago, one bitcoin was worth less than $1. Two months ago, the price for ... |
Just after mentioning Butterfly labs stellar line up they change the machines, they change the prices on me! How dare they! ; )Well here they are again, but this time the hash rates are divisible by 5 and I should’ve snagged the 30 Ghash machine …
Just after mentioning Butterfly labs stellar line up they change the machines, they change the prices on me! How dare they! ; )
Well here they are again, but this time the hash rates are divisible by 5 and I should’ve snagged the 30 Ghash machine while the prices were still low. (sigh)
Oh and by the way. The Grecian Isle shopping spree we were about to go on has been cancelled. Some smart folks bought them and they are now out of stock!
Digital TrendsTexas family sells Porsche for 300 BitcoinsDigital TrendsDetailed on the BitcoinTalk forums and verified by Business Insider, a family residing in Austin, Texas sold their 2007 Porsche Cayman S for 300 Bitcoins. Definitely one of the firs…
