Four ex-Bitcoin users are suing the coin exchange for $460,000 USD, accusing the now frozen Bitcoin trading platform Bitcoinica for breach of contract and negligence. In 2009, an open-source, peer-to-peer digital cash system launched. Cutely called Bitcoin, it was based on a paper [PD...
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A recent theft at Bitcoinica , one of the largest Bitcoin exchanges, resulted last week in a debut for the currency in the California court system. Four prominent members of the Bitcoin community, including Jed McCaleb —the original developer of Mt. Gox, the largest Bitcoin exchange a...
Four former customers have sued the virtual currency exchange Bitcoinica, claiming that it owes them $460,457 (£293,080) in funds they previously deposited. Bitcoinica was hacked twice in 2012, with attackers stealing over $177,000 worth of BitCoins. The website ceased operation in Ma...
The obvious solution is to legalize monetary freedom and allow the circulation of parallel and competing currencies. There is no reason why Americans should not be able to transact, save, and invest using the currency of their choosing. They should be free to use gold, silver, or othe...
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The no-cloning theorem means we should not think of qubits the same way we think about bits. One might imagine using a handful of qubits as a form of money. A mint could produce some qubits using some process known only to it, and anyone else, given just those qubits, could not copy t...
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TheHumanCannonball: I'm amazed anyone actually still deals with bitcoins. It seems like there's two people trying to use it 1) People manipulating it because they can 2) Morons. Am I off base? What's the actual appeal and benefit? Is it preferable for shady business or something? Appe...
What happens when the unemployed and underemployed start taking advantage of the technical possibilities for low-overhead household microenterprise, in defiance of zoning and licensing and bogus “safety” and “health” standards whose real purpose is to impose artificially high capitali...
Terra Nova Simulation + Society + Play Main Page History & Contributors Videos & Books Archives Bitcoin Sued by Edward Castronova on August 14, 2012 Someone hacked a Bitcoin vendor. The vendor had some trouble making payments to account holders. Now some of those account holders have ...