Hot on the heels of a major hack at Bitcoinica, Zhou Tong, the founder of Bitcoin's most successful Bitcoin project to date, has just announced that he will no longer involve himself in any Bitcoin-related projects: "I, Zhou Tong... will discontinue all involvement in Bitcoin-related projects after the Bitcoinica incident has been fully resolved until further notice. I failed at one thing... that is generating value for the society. Bitcoinica did create a place for people to trade more efficiently and provide liquidity to the market. However, speculation is a zero-sum game (or negative-sum,…
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Bitcoinica's Founder to Cease All Involvement with Bitcoin
Bitcoin Blog | The Bitcoin Trader13 May 2012 | 8:34 am -
Bitstamp introduces volume discount program
coinie.com14 May 2012 | 3:18 pmBitstamp now has reduced fees for customers with higher trading volumes. See the chart at the jump. https://www.bitstamp.net/article/press-release-bitstamp-introduces-volume-discount-/ Bitstamp has been growing rapidly and is now the 4th largest USD Bitcoin exchange. -
BetaBeat - FBI: Bitcoin Report Was Authentic
Bitcoin News14 May 2012 | 6:22 pmBetaBeat - FBI: Bitcoin Report Was Authentic: A post by Adrianne Jeffries (@ADRJeffries) on BetaBeat reports that an FBI representative has confirmed that the previously leaked report did in fact come from the agency. Excerpts: “The report, titled ‘Bitcoin Virtual Currency: Intelligence. Unique Features Present Distinct Challenges for Deterring Illicit Activity,’ was the FBI’s first research report on Bitcoin. The report was not classified, but it was marked ‘for official use only.’“Betabeat, Wired, and a number of blogs ran with the story without confirming the report’s… -
Bitcoin Magazine - Adam Kokesh on Bitcoin and Free Market Money
Bitcoin News15 May 2012 | 3:00 pmBitcoin Magazine - Adam Kokesh on Bitcoin and Free Market Money: Ryan Taylor asks Adam Kokesh (@AdamKokesh) some questions in a post on Bitcoin Magazine. Excerpts: “Adam: Bitcoin kind of throws a lot of people like us for a loop and we go “Wait, wait, wait a second! It’s just another fiat currency, right?” because there’s nothing backing it.”“Adam: Bitcoin is proving itself, at least in this controlled market, as an alternative, to be extremely effective to provide people with a way to opt-out from the US dollar.”“Adam: I’m surprised that there hasn’t been a serious… -
GLBSE Valuations, 13 May 2012
Bitcoin Blog | The Bitcoin Trader13 May 2012 | 9:17 amThis is a snapshot of the valuation of each security on GLBSE with at least 1000 BTC in total volume traded (excluding Pirate bonds, as they are temporary), as of 0700 PDT (UTC-7), May 13th 2012: Asset24hr AvgIssuedPrivateValuation (BTC)Valuation (USD) ZIP.A0.784100004000039200$195,020 GIGAMINING1.49920000029980$149,151 BITBOND0.64841000026568$132,176 TYGRR-BOT1.0510000010500$52,238 MU0.81000008000$39,800 TYGRR-BANK0.1135000005650$28,109 PUREMINING0.4531000004530$22,537 COGNITIVE0.529500002645$13,159 TEEK.B1.04200002080$10,348 YABMC0.304500001520$7,562
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Bitcoin News
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Bitcoin Magazine - Adam Kokesh on Bitcoin and Free Market Money
15 May 2012 | 3:00 pmBitcoin Magazine - Adam Kokesh on Bitcoin and Free Market Money: Ryan Taylor asks Adam Kokesh (@AdamKokesh) some questions in a post on Bitcoin Magazine. Excerpts: “Adam: Bitcoin kind of throws a lot of people like us for a loop and we go “Wait, wait, wait a second! It’s just another fiat currency, right?” because there’s nothing backing it.”“Adam: Bitcoin is proving itself, at least in this controlled market, as an alternative, to be extremely effective to provide people with a way to opt-out from the US dollar.”“Adam: I’m surprised that there hasn’t been a serious… -
BetaBeat - FBI: Bitcoin Report Was Authentic
14 May 2012 | 6:22 pmBetaBeat - FBI: Bitcoin Report Was Authentic: A post by Adrianne Jeffries (@ADRJeffries) on BetaBeat reports that an FBI representative has confirmed that the previously leaked report did in fact come from the agency. Excerpts: “The report, titled ‘Bitcoin Virtual Currency: Intelligence. Unique Features Present Distinct Challenges for Deterring Illicit Activity,’ was the FBI’s first research report on Bitcoin. The report was not classified, but it was marked ‘for official use only.’“Betabeat, Wired, and a number of blogs ran with the story without confirming the report’s… -
Bitcoin Money - What’s Your SHTF Plan?
14 May 2012 | 5:58 pmBitcoin Money - What’s Your SHTF Plan?: A post on the Bitcoin Money blog (@BitcoinMoney) takes a look at how Bitcoin has a place in a world where trust breaks down. Excerpts: “Anyone paying any attention to the events in the world, particularly with what is happening in Greece, Spain and elsewhere in Europe does at least already have thoughts along the lines of ‘What will I do if the shit hits the fan (SHTF)?’”“By the time it is apparent things are swirling down the drain it is then too late to only begin trying to adapt to and survive the new realities of life,”“Actions… -
Bitcoin Money - Déjà vu? Bitcoinica To Require Customers To Verify Identity
13 May 2012 | 12:12 pmBitcoin Money - Déjà vu? Bitcoinica To Require Customers To Verify Identity: A post on Bitcoin Money (@BitcoinMoney) blog describes Bitcoinica’s plans for allowing customers to get access to their funds following the firms major security breach. Excerpts: “[Zhou Tong’s announcement reads]: ‘We are building an account claim page. You can submit your account information, financial information (balances) and trading information to verify your identity. We will then match with the records we have. If they have matched, we will [return funds]”.“Current positions will all be… -
Forbes - The Somali American Remittance Dilemma
12 May 2012 | 6:52 pmForbes - The Somali American Remittance Dilemma: Jon Matonis (@JonMatonis) describes how Bitcoin can come to the rescue for Somalis in Minnesota who have been barred from making the small regular transfers to their family members in Africa. Excerpts: “Instead of trying to comply [with regulations], [banks] are electing to opt out so as not to encounter heavy federal fines. It sure would be nice if the world had a decentralized peer-to-peer digital currency that could be transferred to mobile devices in a secure fashion.”“If it hasn’t happened already, a savvy merchant in Somalia…
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Bitcoin Blog | The Bitcoin Trader
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GLBSE Valuations, 13 May 2012
13 May 2012 | 9:17 amThis is a snapshot of the valuation of each security on GLBSE with at least 1000 BTC in total volume traded (excluding Pirate bonds, as they are temporary), as of 0700 PDT (UTC-7), May 13th 2012: Asset24hr AvgIssuedPrivateValuation (BTC)Valuation (USD) ZIP.A0.784100004000039200$195,020 GIGAMINING1.49920000029980$149,151 BITBOND0.64841000026568$132,176 TYGRR-BOT1.0510000010500$52,238 MU0.81000008000$39,800 TYGRR-BANK0.1135000005650$28,109 PUREMINING0.4531000004530$22,537 COGNITIVE0.529500002645$13,159 TEEK.B1.04200002080$10,348 YABMC0.304500001520$7,562 -
Bitcoinica's Founder to Cease All Involvement with Bitcoin
13 May 2012 | 8:34 amHot on the heels of a major hack at Bitcoinica, Zhou Tong, the founder of Bitcoin's most successful Bitcoin project to date, has just announced that he will no longer involve himself in any Bitcoin-related projects: "I, Zhou Tong... will discontinue all involvement in Bitcoin-related projects after the Bitcoinica incident has been fully resolved until further notice. I failed at one thing... that is generating value for the society. Bitcoinica did create a place for people to trade more efficiently and provide liquidity to the market. However, speculation is a zero-sum game (or negative-sum,… -
Upcoming GLBSE IPOs - A Review
13 May 2012 | 12:08 amZETA-MINING 2012-05-13 @ 18:00:00 (GMT-4) Yet another mining operation. You will likely receive predictable but small dividends if you invest in Zeta Mining (1 MH/share). REBATE 2012-05-14 @ 23:18:35 This is definitely the most interesting of the upcoming offerings. Bitcoin Rebate is described as "a blend of penny auctions and arbitrage. Users bid on blocks of Bitcoin (powered by ZipConf) arbitrage opportunities against other players." The concept of buying more Bitcoins for less Bitcoins might seem like a strange one, but it works if you understand the arbitrage going on behind the scenes. I… -
VirWox Breaks June 2011 Bubble Record for Volume Traded
12 May 2012 | 6:05 pmBitcoin's fourth largest exchange, VirWox, just posted a record for weekly volume traded of nearly 30 million Linden Dollars (SLL), or $115,000 USD. The previous record was set during the Bitcoin bubble of June 2011. And in case you think this might be caused by inflation of the Second Life currency, the exchange rate has actually remained extremely stable, holding between 250 and 270 SLL/USD for the last three years. Notably, this exchange rate is managed through "printing" of the currency to keep up with demand. The largest exchange, Mt.Gox, has seen its market share drop, with weekly… -
Bitcoinica Shutdown is Potentially Permanent
12 May 2012 | 9:31 amThe latest from Zhou Tong in regards to yesterday's hack and the loss of over 18,000 Bitcoins: - It's more serious than we thought. We need some additional time to come up with a compensation proposal. - Likely we will either shut down the platform or re-develop entirely (which will take months instead of days). - The preliminary decision: reimburse for the full amount, including margin balances and position P/L. - The root cause of this problem is an email server compromise. The email server belongs to one of our team members. - Reminder again: Please do not reuse your Bitcoinica passwords…
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Bitcoin Money
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Bitcoin Magazine - Adam Kokesh on Bitcoin and Free Market Money
15 May 2012 | 3:04 pmBitcoin Magazine - Adam Kokesh on Bitcoin and Free Market Money: bitcoinnews: Ryan Taylor asks Adam Kokesh (@AdamKokesh) some questions in a post on Bitcoin Magazine. Excerpts: “Adam: Bitcoin kind of throws a lot of people like us for a loop and we go “Wait, wait, wait a second! It’s just another fiat currency, right?” because there’s nothing backing it.”“Adam: Bitcoin is proving itself, at least in this controlled market, as an alternative, to be extremely effective to provide people with a way to opt-out from the US dollar.”“Adam: I’m surprised that there hasn’t been… -
What’s Your SHTF Plan? This video clip from the movie...
14 May 2012 | 5:14 pmWhat’s Your SHTF Plan? This video clip from the movie classic Trading Places shows the scene where Louis Winthorpe III (Dan Akroyd) is at a pawn shop having a hard time getting any amount of value for his seven thousand dollar authentic “Rouchefoucauld” hand-crafted watch. In the film, Louis is reduced to poverty in an instant when all ties to his affluent life are forcefully cut as part of an experiment by his former bosses. This scene tells a significant lesson, however. The pawnshop broker knows that every person that comes through the door with something to sell is desperate. -
Déjà vu? Bitcoinica To Require Customers To Verify Identity
13 May 2012 | 11:51 amDéjà vu? Bitcoinica To Require Customers To Verify Identity: The founder of Bitcoinica, Zhou Tong, explains in a forum post what will happen going forward following the firm’s recent security incident, the second of which that resulted in major amounts of the company’s bitcoins being stolen. Excerpts: We are building an account claim page. You can submit your account information, financial information (balances) and trading information to verify your identity. We will then match with the records we have. If they have matched, we will [return funds]. Current positions will all be… -
Forbes - The Somali American Remittance Dilemma
12 May 2012 | 8:11 pmForbes - The Somali American Remittance Dilemma: bitcoinnews: Jon Matonis (@JonMatonis) describes how Bitcoin can come to the rescue for Somalis in Minnesota who have been barred from making the small regular transfers to their family members in Africa. Excerpts: “Instead of trying to comply [with regulations], [banks] are electing to opt out so as not to encounter heavy federal fines. It sure would be nice if the world had a decentralized peer-to-peer digital currency that could be transferred to mobile devices in a secure fashion.”“If it hasn’t happened already, a savvy merchant… -
Bitcoin version 0.6.2 released
9 May 2012 | 2:59 amBitcoin version 0.6.2 released: A new version of the Bitcoin-Qt and Bitcoind clients from Bitcoin.org, v0.6.2, includes a number of bug fixes and and performance improvements. http://bitcoin.org/releases/2012/05/08/v0.6.2.html http://sourceforge.net/projects/bitcoin/files/Bitcoin/bitcoin-0.6.2 http://bitcointalk.org/index.php?topic=80187.0 Previous Posts
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coinie.com
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15 May 2012 | 11:20 am
15 May 2012 | 11:20 amLast Decade Films is a small video production shop that is now accepting bitcoins. See their announcement here: http://lastdecadefilms.com/we-accept-bitcoin/ Check out their porfolio, lots of good stuff: http://lastdecadefilms.com/portfolio/ -
Bitstamp introduces volume discount program
14 May 2012 | 3:18 pmBitstamp now has reduced fees for customers with higher trading volumes. See the chart at the jump. https://www.bitstamp.net/article/press-release-bitstamp-introduces-volume-discount-/ Bitstamp has been growing rapidly and is now the 4th largest USD Bitcoin exchange. -
Kapiton.se, New Swedish BTC Exchange
20 Apr 2012 | 11:36 am“It’s long been very difficult to acquire Bitcoin in Sweden. I’ve decided to do something about it myself and have opened Kapiton. ” via Sebastian Manitski https://kapiton.se/ http://www.reddit.com/r/Bitcoin/comments/sji6f/kapiton_swedens_first_bitcoin_exchangem_open/ -
First International Social Transformation Conference
19 Apr 2012 | 1:08 pm“More and more people are aware of the fact that unfair and obsolete debt based monetary system is a primary cause of most problems on this planet. It is obvious that humanity must change the money currently in use, money is a logical key to the whole economy. Monetary reform that will occur soon is actually based on study and experimentation in searching for feasible projects of better, fair and sustainable currency systems in the first place. ” from http://cromalternativemoney.org/index.php/en/media/news/energy-currency-first-international-social-transformation-conference.html -
Bitcoin – The Libertarian Introduction
14 Apr 2012 | 6:10 pmBitcoin – The Libertarian Introduction What it is, how it’s used, and why you should care. Erik Voorhees – April 11, 2012 http://evoorhees.blogspot.com/2012/04/bitcoin-libertarian-introduction.html
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Bitcoin News Bits - CoinBits.com
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a lot of transactions on the network?
16 May 2012 | 6:43 amhttp://www.bitcoinmonitor.com/ this page has difficulty loading because the # of transaction is so high... also you can see it if you click on the chart: http://blockchain.info/charts/n-transactions what is going on? submitted by unk1911 -
Help- Missing Coins From Instawallet account, not URL problem
16 May 2012 | 12:52 amThrowaway Last night I sent coins into an instawallet account. I opened my instawallet account, bought the coins, and sent them to my account. I proceed to check the transaction and when I do instawallet is under maintenance, maybe 15 minutes had passed at this point. I wake up this morning Instawallet it back online, my coins are not there. I checked Bitchain, it shows the coins arrived in my account and were withdrawn approximately 30 minutes later to an account I am not familiar with, transaction has been confirmed. Any ideas or help, coins gone for good? I emailed instawallet support... -
What is the easiest way to purchase BitCoins?
15 May 2012 | 10:40 pmsubmitted by DrewCIL link 1 comment -
Forbes: "I’ve never been all that enthusiastic about Bitcoin….", yeah, if somebody stole your money, this was wrong money
15 May 2012 | 7:24 pmsubmitted by realhuman link 3 comments -
Bitcoin Daily News – May 15th
15 May 2012 | 6:05 pmBitcoin Daily News for May 15th, 2012. Reporting on today's high's and low's vs the dollar, and current ask and bid walls on MTGox And change in dwolla terms of service("TOS")
