is still raging whether Bitcoin is a brilliant idea that will revolutionize business and society, a high-tech money laundering scheme, or just a fad that will soon pass into history. But in a fascinating post, Jon Matonis points to a problem that doesn't really seem to have been consi...
Bitcoins are virtual currency that can be exchanged for goods and services. Currently, one Bitcoin represents around $12 in value. Earlier this month, the Bitfloor Bitcoin exchange was hacked with 24,000 Bitcoins being stolen coming to approximately $250,000 in value. BitFloor are now...
IDG News Service - A small New York-based company that specializes in exchanging Bitcoins is back online after hackers stole about $250,000 worth of the virtual currency earlier this month. Roman Shtylman, founder of BitFloor , said by phone from London on Monday he reported the theft...
A small New York-based company that specializes in exchanging Bitcoins is back online after hackers stole about US$250,000 worth of the virtual currency earlier this month. Roman Shtylman, founder of BitFloor , said by phone from London on Monday he reported the theft to the FBI and t...
However, MintChip did boast one very compelling feature – irreversibility. One of Bitcoin’s greatest attributes is that once a payment is made, it is “good money,” meaning it cannot be reversed by the payer. MintChip claiming the same feature meant that, in spite of the other reservat...
I was hoping that I wouldn’t have to write this, but it just keeps happening. Bitcoin — the most successful electronic currency — is consistently framed as being amoral. Let’s think about why currencies are not compatible with morality. An unethical or amoral use for a unit of exchang...
September 25, 2012 — IDG News Service — A small New York-based company that specializes in exchanging Bitcoins is back online after hackers stole about US$250,000 worth of the virtual currency earlier this month. Roman Shtylman, founder of BitFloor , said by phone from London on Monda...
A small New York-based company that specializes in exchanging Bitcoins is back online after hackers stole about US$250,000 worth of the virtual currency earlier this month. Roman Shtylman, founder of BitFloor , said by phone from London on Monday he reported the theft to the FBI and t...
September 25, 2012 — IDG News Service — A small New York-based company that specializes in exchanging Bitcoins is back online after hackers stole about US$250,000 worth of the virtual currency earlier this month. Roman Shtylman, founder of BitFloor , said by phone from London on Monda...
I posted about anything related to Butterfly Labs appears to have been pretty controversial: for the first time in the short history of this little blog, I actually had to disable comments on a post, which didn't really do much considering that my comments section was just the spill-o...
to The Creative Boom, Special K has set up the world’s first “tweet shop” in London that allows customers to pay for a new type of low-calorie chip they’re marketing simply by tweeting about it. The “menu” is comprised of three approved tweets–tagged with #spons–that users can tweet f...
A small New York-based company that specializes in exchanging Bitcoins is back online after hackers stole about US$250,000 worth of the virtual currency earlier this month. Bitcoin: Seven reasons to be wary Roman Shtylman, founder of BitFloor , said by phone from London on Monday he r...
it's about time I clear my conscience... The system keeps track of what funding sources you've been "in contact" with, kinda like Bitcoin's idea of "taint" The implementation is quite clever, involving some modular arithmetic and the 24-byte "Transaction Authentication Code" detailed ...
A small New York-based company that specialises in exchanging Bitcoins is back online after hackers stole about US$250,000 worth of the virtual currency earlier this month. Roman Shtylman, founder of BitFloor , said by phone from London on Monday he reported the theft to the FBI and t...
A small New York-based company that specializes in exchanging Bitcoins is back online after hackers stole about US$250,000 worth of the virtual currency earlier this month. Related Articles Hackers break into bitcoin exchange site Bitcoinica, steal $90,000 in bitcoins Bitcoin: From Su...
@BankingThiefs, The only way you can get inflation (as in the goods you can buy with bitcoin) is through an oversupply or a shrinking user base. Sure it costs money in energy and hardware but the amount of bitcoins is limited by it’s mathematical model which means it will become progr...
IDG News Service — A small New York-based company that specializes in exchanging Bitcoins is back online after hackers stole about US$250,000 worth of the virtual currency earlier this month. Roman Shtylman, founder of BitFloor , said by phone from London on Monday he reported the the...
The United States of America participate in a war against Iran before April 1st. Iran claims its nuclear program is for peaceful purposes. American officials have pressed Israel not to attack Iran unilaterally, a move that could set off regional mayhem just ahead of the November elect...
