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Bitcoin: Video: Custom Cooling Solution For BFL Singles This video shows... |
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Bitcoin: Bitcoin Magazine - Adam Kokesh on Bitcoin and Free Market Money |
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Bitcoin: Bitcoin Money - Déjà vu? Bitcoinica To Require Customers To Verify Identity |
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GLBSE Valuations, 13 May 2012
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Bitcoinica's Founder to Cease All Involvement with Bitcoin "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, strictly saying). I know there can be many justifications for Bitcoinica's value, but all of them are against my intuition and values." In his announcement, he also revealed that Bitcoinica was actually sold in November of 2011, with the official handover happening in January of this year. Not surprisingly, he will be moving on to pursue other projects: "I have started working on another project (not Bitcoin-related) that is going to make a little difference on the Internet. So far I have achieved great progress and I'm pretty confident about this new venture." Zhou Tong, a 17 year-old developer from Singapore, took the Bitcoin community by storm by creating the first advanced trading platform for Bitcoin. Several security incidents eventually pushed the site to the brink, the most recent being a $90,000 USD theft on May 11th. The site currently remains offline. |
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Upcoming GLBSE IPOs - A Review |
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VirWox Breaks June 2011 Bubble Record for Volume Traded 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 volume continuing to dwindle and flirt with yearly lows. The loss of Bitcoinica, which conducted all of its trades through Mt.Gox, will no doubt add to Mt.Gox's woes in the coming weeks and months. Listen [ Download 0M ] |
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Bitcoin Funded Debit Cards |
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Bitcoinica Shutdown is Potentially Permanent - It's more serious than we thought. We need some additional time to come up with a compensation proposal. Sadly, these events are unfolding only 18 days after ownership of Bitcoinica was transferred to Intersango, who is now left holding the bag. |
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Meet Kronos.io: Ringcoin's Answer to Bitcoinica "Under the hood, ZipConf is what allows Bitcoins to be delivered instantly to remote exchanges, which is also a huge security bonus. Bitcoinica has persisted in having a zero sysadmin policy. Kronos is built by sysadmins, on top of software built by other sysadmins (ZipConf). Kronos uses SSH and SFTP to remain extra secure; I won't even have the keys!" Planning to support three exchanges at launch (Mt.Gox, Bitstamp, and CrytpoXChange), Kronos will be faster and allow for even greater leverage than with Bitcoinica. Of course, greater leverage equates to greater risk, but Kronos promises a functioning stop loss, something Bitcoinica's users have been keen to have at their disposal. In light of today's hack at Bitcoinica, Owens has lit a fire under his team. Originally expecting to launch in one to two weeks, the new target is three days. Though the site might look familiar to Bitcoinica's users, that's only because it currently uses the Twitter bootstrap common to many sites. When Kronos is launched, expect to see a unique design unveiled, which Ringcoin claims will be extremely intuitive and user-friendly. Alberto Armandi, the lead developer for the project, was quick to remind that it's what's under the hood that counts: Kronos is built on a node.js realtime price monitor developed over the last few months using jquery and ajax with a node.js backend. It's a tool that Armandi coded for his own site, BitcoinRebate.com, another interesting service scheduled to launch in the coming days. For further information, you can contact Jonathan Ryan Owens at info@ringcoin.com. In the meantime, someone pass the methadone; this leveraged trading withdrawal is killing me! Listen [ Download 0M ] |
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Bitcoin: The Bitcoin Trader - Bitcoinica Offline Following Another Hack |
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Developing: Bitcoinica "Hacked" - Potentially 18,000 BTC ($90,000 USD) Stolen "Today, we have discovered a suspicious Bitcoin transaction that doesn't seem to be initiated by any one of the company owners. Some of them are not online at the moment so this is not conclusive.And in a follow-up post: "Our data is kept inact. Any order placed before the shutdown will still be valid. However, no order execution will happen (no zhoutonging either).Bitcoinica was also the victim of a 43,000 BTC ($215,000 USD) heist back on March 1st. It will be interesting to see how the market is affected by the inability of traders to take leveraged positions in either direction. Also, you should not surf to Bitcoinica.com, as the site has been redirected to a porn site. |
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Bitcoin: The Bitcoin Trader - Bit-Pay's 3K BTC Transaction, Largest To-Date |
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Bitcoin: Difficulty Destroyers - Commercial GPU Farms While the FPGA is... |
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Bit-Pay Processes Record-High Merchant Transaction of 3095 BTC (~15,000 USD) Listen [ Download 0M ] |
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Bitcoin: Bitcoin version 0.6.2 released |
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Bitcoin: Bitcoin version 0.6.2 released |
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FarmVilleFeed.com (100,000+ Daily Impressions) to Run Bitcoin-Based Advertisements Well, Zynga's not exactly ready to take that step, however, ladies and gentlemen of Bitcoin land, I am pleased to announce that the brains behind FarmVilleFeed.com is in the process of creating a specific page on his blog to promote Bitcoin. He will also be accepting Bitcoin-based ads on his site, which will give Bitcoin entrepreneurs the chance to expose their sites to a blog which receives over 100,000 daily impressions. Why accept Bitcoin-based ads? Simple: no more payment-processor middlemen to take a cut of your advertising revenue! Listen [ Download 0M ] |
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Bitcoin: Bitcoin Money - Crowdfunded with Bitcoins, Screw Banks Released |
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Bitcoin: Screw Banks Video and ScrewBanks.net Website Launch |
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Bitcoin: Bitcoin intro and talks in Berlin (11th May at 20:00) |
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Bitcoin: Request For Participation - Bitcoin Testing Project |
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Bitcoin: Forbes - Bitcoin Funded Debit Cards |
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The Bitcoin Stock Market - Miners and Pirates, Oh My! |
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Bitcoin: Market volatility has gone down |
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Robert Wenzel to Federal Reserve: “Leave the Building to the Four-Legged Rats” |
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Bitcoin: Bitcoin Money: “Hockey Stick” Growth Attributed To Novel Gaming Service |
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Bitcoin: Bitcoin Money: “Hockey Stick” Growth Attributed To Novel Gaming Service |
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Bitcoin: Study: Unprotected Bitcoin nodes vulnerable to double spending with "fast payments" |
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ZipConf.com - Waiting for Confirmations About to Become A Thing of the Past Addressing the problem, ZipConf.com is rolling out a service to eliminate this delay, thus making Bitcoin an even more efficient means of moving your money. "ZipConf acts as clearing house to provide instant credit to its clients and partners while assuming the risk associated with zero confirmation transactions," says Jonathan Ryan Owens, ZipConf's founder. Obvious potential customers include those interested in conducting arbitrage trading between exchanges, where previously the hour-long delays associated with moving Bitcoins added a potentially expensive obstacle to the process. Consequently, you can anticipate a leveling in Bitcoin valuations across exchanges once ZipConf is operational. After months of testing, Jonathan Ryan Owens says the API used to integrate his service with ZipConf's partners is ready to go. Once a site is integrated with ZipConf, it can allow its users to withdraw their funds instantly to a Bitcoin exchange, making the conversion of Bitcoins to fiat currency near-instantaneous. While sites like BitInstant have done a fantastic job in facilitating the conversion of fiat to Bitcoin, this is the first time that the Bitcoin to fiat path has been streamlined. In developing ZipConf, great effort has gone into monitoring the Bitcoin network to log invalid transaction attempts and orphan transactions, ensuring the service has a complete picture of what's going on with the Bitcoin network at any given time. They've even been attempting double spends through various means to ensure they know what to look for when their service is operating. Explains Owens, "The way we've built our platform is with two things in mind: security, and scalability. If we have to scale to supporting larger volume, we can do that with very little effort, as we've built the system in such a way (our monthly IT cost for multiple VPS alone is over $200) that we're ready to expand rapidly, and as such we'll be partnering and providing integration information (API documentation, support) to as many partners as possible, as quickly as possible." Catering to traders and other users that require speed in their transactions, fees will start at 0.75% for individuals with the intent of reducing them as volume increases. "We hope to be able to reduce fees as low as 0.4% in the near future, once the volume is there," says Owens. A key element to ZipConf's strategy is to ensure miners rapidly accept and propagate its transactions. Of course, a little incentive never hurts, therefore ZipConf will be paying significantly higher than typical transaction fees to miners that include its transactions in their blocks. For example, a 100 BTC transaction will net a pool or miner 0.07 BTC (or $0.35 at today's exchange rate), significantly higher than the 0.0005 BTC enforced by the standard client. ZipConf's profits will go toward other Bitcoin projects which are currently under development. "We haven't put much out there into Bitcoin," adds Owens, "but we have been spending a lot of time tooling up to be able to rapidly develop and introduce services from here on out, so keep your eyes open - this is just the first of hopefully many useful services we'll be putting out." The site is currently in private beta with intentions to step up to a public beta come Friday, May 4th. |
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BitInstant Transfers $1.1 Million in April as the Bitcoin Economy Takes Off Network transaction graphs are also pointing to a rapid increase in the number of Bitcoins moved in a given day (graph not currently available but will be posted when blockchain.info comes back online). Finally, though I'd love to get philosophical about the reasons for Bitcoin's growth, at the end of the day, it might just be the porn. =) We'll have to keep a close eye on whether this is just a blip or a sign of a prosperous future for our fledgling currency - if I had to guess, I would say it's the latter. |
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Bitcoin: Bitcoin Magazine - Bitcoin in the Non-Western World |
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Be Your Own Bank: Bitcoin Wallet for Apple |
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Bitcoin Explained Listen [ Download 0M ] |
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Bitcoin: Sex and the Bitcoin |
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CoinLab Attracts $500,000 in Venture Capital for Bitcoin Projects |
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Bitcoin: Bitcoin Block Origin Chart Forum member kinlo shares his new... |
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Bitcoin Horse to Run First Race on May 2nd And it doesn't get more creative than this! Using the Bitcoin Stock Exchange, forum member TTBit has sold enough "Bitcoin Interest Rights" to train a horse by the name of "Satoshi's Daemon" (ticker symbol SATOSHISDAEMON.HORSE on GLBSE). The Bitcoin-backed bronco is scheduled to run on Wednesday at Evangeline Downs in Louisiana. With $8700 for first place, the international consortium backing the horse could expect to see a nice dividend payout. Try doing that with PayPal, son! Edit: Satoshi's Daemon finished in last place. =( Listen [ Download 0M ] |
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Bitcoin: Off-Planet Economics |
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Bitcoin: Off-Planet Economics |
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The Death of All Banking Freedom? |
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Bitcoin: Gold is a physical element, Bitcoin is an abstract protocol |
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Bitcoin: Market Monetarist: Bitcoin can solve Zimbabwe's coin problem |
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Bitcoin: Forbes - Be Your Own Bank: Bitcoin Wallet for Apple |
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Bitcoinica Registers in New Zealand for Bitcoin Margin Trading |
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Bitcoin: First Licensed Advanced Trading Platform For Bitcoin |
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Bitcoin: Forbes - CoinLabs Attracts Venture Capital for Bitcoin Projects |
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Bitcoin: Bitcoin Money: App Store Now Features Blockchain - Bitcoin Wallet App |
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Bitinstant Hints at New Contract Allowing Bitcoins to be Purchased from 700,000 Locations Including Wal-Mart and 7-11 Edit: is this going to be some sort of Bitinstant gift card? If so, it would allow people to buy Bitcoins with credit cards and leave the chargeback liability with the merchant selling the cards! Brilliant! Listen [ Download 0M ] |
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Bitcoin and the State: Asking Permission to Be Free |
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Bitcoinica Becomes Registered Financial Services Provider
The press release can be found here:
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Bitcoin: Hacktivists in the frontline battle for the internet |
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Bitcoin: Laybit donation buttons! |
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Bitcoin: Video: Jerry Brito Talks About Mintchip (and Bitcoin) |
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MintChip Misses the Point of Digital Currency |
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Bitcoin: The IRC bootstrap method is flawed |
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Virtual Currency Exchange First Meta Closes $466,000 Funding Round |
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Another Market Not Available to U.S. Citizens |
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Bitcoin: Erik Voorhees: Bitcoin - The Libertarian Introduction [fixed] |
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Bitcoin: Evil of elsevier: disintermediation in science and the death of publishers |
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Bitcoin: Bitcoin Money - Real-Time Charting For One Dozen Markets |
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