04 Nov '13, 5pm

#Bitcoin is broken.

#Bitcoin is broken.

The key idea behind Bitcoin's success is a decentralized protocol for maintaining a global ledger, called a blockchain. The blockchain records transactions between Bitcoin addresses, tracking the movement of every Bitcoin as it changes hands. This tracking ensures that no one can double-spend a coin, as the ledger makes it all too apparent whether a user sent out more Bitcoins from his account than he earned. The particular way in which Bitcoin tracking is performed makes sure that the record is also immutable; once a Bitcoin transaction is committed and buried in the blockchain, it is difficult for an attacker to reverse the transaction, so that a merchant can ship goods in good conscience, assured that the transaction will later not be reversed. This protocol works through a process called mining. In essence, the ledger is organized into a single, ordered sequence of blo...

Full article: http://hackingdistributed.com/2013/11/04/bitcoin-is-broken/

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This Is Why Bitcoin Is Fundamentally Broken

This Is Why Bitcoin Is Fundamentally Broken

businessinsider.com 05 Nov '13, 4pm

This protocol works through a process called mining. In essence, the ledger is organized into a single, ordered sequence o...

Researchers Say 'Bitcoin Is Broken' And Could Collapse

Researchers Say 'Bitcoin Is Broken' And Could C...

businessinsider.com 05 Nov '13, 1am

Emin Gün Sirer/Twitter See Also Meet The Woman HP Has Put In Charge Of Taking Down Its Big Rival: Cisco This Chef Taught ...

Bitcoin Is Not Broken

Bitcoin Is Not Broken

forbes.com 06 Nov '13, 4pm

,’ said two researchers from Cornell University who released a paper to the press this week about a potential flaw in the ...

Mastercoin: A Second-Generation Protocol on the Bitcoin Blockchain

Mastercoin: A Second-Generation Protocol on the...

bitcoinmagazine.com 04 Nov '13, 4pm

The concept of an alternative currently relying on Bitcoin to take advantage of its powerful and secure network backed by ...

Bitcoin 'at risk' of network attack

Bitcoin 'at risk' of network attack

bbc.co.uk 05 Nov '13, 12pm

5 November 2013 Last updated at 12:21 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print B...

Bitcoin 'at risk' of network attack

Bitcoin 'at risk' of network attack

bbc.co.uk 05 Nov '13, 12pm

5 November 2013 Last updated at 12:21 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print B...

Bitcoin (Probably) Isn't Broken

it.slashdot.org 09 Nov '13, 10pm

"In the wake of the publication of a new academic paper that says there is a fundamental flaw in the Bitcoin protocol that...

'Bitcoin is broken', researchers warn

telegraph.co.uk 06 Nov '13, 3pm

Typically, new Bitcoins are generated when groups of miners tackle complicated cryptographic puzzles. The first group to s...

The price of bitcoin isn't the only thing about...

live.wsj.com 06 Nov '13, 4pm

... the virtual currency bitcoin hit a record this morning trading ... volume is up ... but it's not just the price of Bit...

WTF is a Bitcoin?!

huffingtonpost.com 06 Nov '13, 6am

Chances are, you've recently wondered if you're the only person who doesn't know what Bitcoin is all about. Well, don't wo...

You can now buy a car with Bitcoin in Australia

You can now buy a car with Bitcoin in Australia

venturebeat.com 05 Nov '13, 12am

“As Australia’s first new mass production car manufacturer in over 30 years, our business is based on disrupting the old s...

Defense Distributed Is Now Entering The Bitcoin Game With Dark Wallet

Defense Distributed Is Now Entering The Bitcoin...

webpronews.com 01 Nov '13, 9pm

Remember Defense Distributed ? They were the guys that made the first 3D printed gun – the Liberator. The goal was to make...

Bitcoin Is Going Totally Ballistic

Bitcoin Is Going Totally Ballistic

businessinsider.com 05 Nov '13, 12pm

A quick update on the ol' Bitcoin market. The price of a unit of the digital currency is going totally wild. It's now up a...