Bitcoin's Biggest Problem: It's a Den of Thieves

Bitcoin's Biggest Problem: It's a Den of Thieves - The Nyaruka Blog

Bitcoin's Biggest Problem: It's a Den of Thieves

I've had a curious eye on Bitcoin for a few years now. Through various posts on HN I've followed its ups and downs including the big hoopla over the exchange rate for a Bitcoin reaching parity with the dollar , a figure that is now eclipsed by today's going rate of $12/BC. For those that haven't paid similar attention, here's how Wikipedia describes Bitcoin : Bitcoin is a peer-to-peer electronic currency .. which can be sent, received and managed through various independent websites, PC clients and mobile device software. At its roots, Bitcoin is based on some rather clever mathematics, ironically the same primitives that keep our credit cards secure when buying things online. But while credit cards are centralized systems, with Visa, Mastercard and friends acting as the managers of who has what, Bitcoin is more clever. It is a truly distributed system, everybody knows eve...

Full article: http://blog.nyaruka.com/bitcoins-biggest-problem-dens-of-...

Tweets

@aymerik » 11 Oct '12, 2am
Shocker: Bitcoin's Biggest Problem: It's a Den of Thieves [link]
@Sgoettschkes » 06 Oct '12, 5am
Just read "Bitcoin's Biggest Problem: It's a Den of Thieves - The Nyaruka Blog" [link] (via @pocket)
@treehcapital » 05 Oct '12, 12pm
Then, all set for actual real currency mkt trading? “@counternotions: "Bitcoin's Biggest Problem~a Den of Thieves" [link]”
@PelleB » 04 Oct '12, 2pm
Not sure I agree "Bitcoin's Biggest Problem: It's a Den of Thieves" [link]
@tek_news » 04 Oct '12, 1pm
HNews: Bitcoin's Biggest Problem: It's a Den of Thieves [link]
@antonioregalado » 04 Oct '12, 1pm
RT @BitCoinReporter: RT @BitCoinReporter: Bitcoin's Biggest Problem: It's a Den of Thieves [link] #bitcoin
@BitcoinByte » 04 Oct '12, 1pm
Bitcoin: "...will be an amazing thing to watch grow and evolve." #bitcoin [link]
@alecarg » 04 Oct '12, 12pm
Bitcoin's Biggest Problem: It's a Den of Thieves - The Nyaruka Blog [link]
@msalahat » 04 Oct '12, 12pm
Bitcoin's Biggest Problem: It's a Den of Thieves [link] #tech #startups
@FintechBot » 04 Oct '12, 12pm
Bitcoin's Biggest Problem: It's a Den of Thieves [link] by @hnycombinator #FinTech
@HNTweets » 04 Oct '12, 12pm
Bitcoin's Biggest Problem: It's a Den of Thieves: [link] Comments: [link]
@bitcoin_ita » 12 Oct '12, 1pm
Bitcoin's Biggest Problem: It's a Den of Thieves [link] #bitcoin
@counternotions » 05 Oct '12, 2am
"Bitcoin's Biggest Problem: It's a Den of Thieves" [link]
@pemo » 04 Oct '12, 7pm
Bitcoin's Biggest Problem: It's a Den of Thieves [link]
@BitCoinReporter » 04 Oct '12, 1pm
Bitcoin's Biggest Problem: It's a Den of Thieves [link] #bitcoin
@_phpdude » 04 Oct '12, 1pm
Bitcoin's Biggest Problem: It's a Den of Thieves - [link]
@jinnli » 04 Oct '12, 12pm
Bitcoin's Biggest Problem: It's a Den of Thieves [link]
@ajaxdude » 04 Oct '12, 12pm
Bitcoin's Biggest Problem: It's a Den of Thieves [link]
@ecounysis » 04 Oct '12, 12pm
Bitcoin's Biggest Problem: It's a Den of Thieves [link]
@MoonLightRSS1 » 04 Oct '12, 12pm
Bitcoin's Biggest Problem: It's a Den of Thieves [link]
@hnycombinator » 04 Oct '12, 12pm
Bitcoin's Biggest Problem: It's a Den of Thieves [link]