bitcoinmagazine.net Archives - 25 January 2013, Friday

  • Common Misconceptions About Bitcoin: A Guide For Journalists

    Common Misconceptions About Bitcoin: A Guide For Journalists

    bitcoinmagazine.net 29 Dec '12, 12am

    Bitcoin IS being used to sell illegal drugs on sites like Silk Road. However, illegal goods other than drugs – including assassinations, child pornography and even guns, are NOT gaining significant traction. The black market website Silk Road made considerable news a few months ago wh...

  • UpTweet: Bitcoin And Social Media Meet Again | Bitcoin Magazine

    UpTweet: Bitcoin And Social Media Meet Again

    bitcoinmagazine.net 25 Dec '12, 7pm

    After months of development, the upstart social media site UpTweet has recently announced that it is officially going live. On the surface, Tweetforum is a general-purpose online social news and discussion site similar to Reddit, where users can submit and read posts sorted by the spe...

  • UpTweet: Social Media and Bitcoin Meet Yet Again #bitcoin

    UpTweet: Bitcoin And Social Media Meet Again

    bitcoinmagazine.net 25 Dec '12, 7pm

    After months of development, the upstart social media site UpTweet has recently announced that it is officially going live. On the surface, Tweetforum is a general-purpose online social news and discussion site similar to Reddit, where users can submit and read posts sorted by the spe...

  • Instant Transaction Fraud: An Explanation

    bitcoinmagazine.net 17 Dec '12, 12pm

    It is very important to note that this does not undermine the security of Bitcoin as a whole, outside of a very limited number of applications . There are two forms of “confirmation” in the Bitcoin system. The first, which takes about two to five seconds to complete, is simple network...

  • Journal of Peer Production Calling For Papers on Value and Currency

    bitcoinmagazine.net 13 Dec '12, 1pm

    Radical politics and economics has always been one of the Bitcoin community’s interests, and so many people would benefit from taking a closer look at these two organizations’ work. The general category of the P2P ideology’s politics can be described as libertarian – a word which appe...

  • Has New Ownership

    bitcoinmagazine.net 06 Dec '12, 3pm

    FOR IMMEDIATE RELEASE 6 December 2012 ORLANDO – Bitcoin Magazine, the premier print and digital publication focusing on the new Bitcoin technology, has been purchased by a group of individuals well-known in the Bitcoin community, who are all dedicated to Bitcoin and its success. Coin ...

  • #BitFloor and #Bitcoinica Refunds Showing Signs of Progress #bitcoin

    BitFloor and Bitcoinica Refunds Showing Signs of Progress

    bitcoinmagazine.net 05 Dec '12, 2pm

    BitFloor and Bitcoinica Refunds Showing Signs of Progress The Bitcoin exchange platforms BitFloor and Bitcoinica, the two largest institutional victims of digital theft in Bitcoin history , have finally shown their first signs of genuine progress toward repaying their clients. On Octo...

  • WalletBit Launches Bank Transfers for Merchants in Europe | Bitcoin Magazine

    WalletBit Launches Bank Transfers for Merchants in Europe

    bitcoinmagazine.net 03 Dec '12, 1pm

    WalletBit’s push for adding features since September has so far proven enormously successful for the company. Before Adam Harding joined the team as Director of Marketing in September, WalletBit saw very little use by Bitcoin merchants, to the point that few people realize that the bu...

  • BitMessage: A Model For A New Web 2.0? | Bitcoin Magazine

    BitMessage: A Model For A New Web 2.0?

    bitcoinmagazine.net 01 Dec '12, 7pm

    BitMessage: A Model For A New Web 2.0? Over the past twenty years, the democratization of cryptographic technology has brought us the potential for an unprecedented level of privacy, giving the common man the ability to browse documents, have conversations, and now, with Bitcoin, send...

  • Block Reward Halving: A Guide #bitcoin

    Block Reward Halving: A Guide

    bitcoinmagazine.net 27 Nov '12, 4pm

    In order to understand what’s going to happen on Wednesday, it’s important to first understand how money creation in Bitcoin works. The database that keeps track of which addresses have how many bitcoins is stored in the form of a “block chain”, which is extended by one block roughly ...

  • Bitfinex: Bitcoinica Rises From The Grave #bitcoin #trading

    Bitfinex: Bitcoinica Rises From The Grave

    bitcoinmagazine.net 22 Nov '12, 10pm

    The idea behind margin trading is simple. If you have an account at a traditional Bitcoin exchange like BitStamp of MtGox, you have two balances: a BTC balance and a USD balance (or perhaps a CAD or EUR balance, or some other currency, depending on what country you are in). Apart from...

  • Where Is Bitcoin? A Look At Some Analytical Data #bitcoin

    Where Is Bitcoin? A Look At Some Analytical Data

    bitcoinmagazine.net 20 Nov '12, 12pm

    The question that can be asked now is: where is Bitcoin now? Is the Bitcoin economy headed for another recession, not quite as severe as that of $2011 but which may still bring the price to $5-$8, is Bitcoin continuing to take off behind the scenes, or is the reality somewhere in betw...

  • Wordpress Accepts Bitcoin #wordpress #bitcoin

    Wordpress Accepts

    bitcoinmagazine.net 15 Nov '12, 11pm

    Today, WordPress, an extremely popular blog hosting site and framework and the 22nd most accessed site in the world, has announced that they are going to be accepting Bitcoin as a method of payment. The press release reads: “at WordPress.com, our mission is making publishing democrati...

  • Bitcoin Kiez Rollout: 3 New BTC-Accepting Stores and Restaurants in Berlin, More to Come #bitcoin

    Kiez Rollout: 3 New BTC-Accepting Stores and Restaurants in Berlin, More to Come

    bitcoinmagazine.net 14 Nov '12, 12pm

    While the rest of the Bitcoin community was celebrating Bitcoin Friday by taking advantage of the large discounts made available by their favorite Bitcoin shops, Joerg Platzer of Room 77 , a restaurant that has become the epicenter of the Bitcoin community in Berlin, used the date to ...

  • Bitcoin Magazine now available in Korean bookstores | Bitcoin Magazine

    now available in Korean bookstores

    bitcoinmagazine.net 10 Nov '12, 8pm

    Bitcoin is still a relatively new and unknown technology in Asia. With high tech payment methods available such as NFC by phone that works on all forms of public transportation and usable at convenience stores as cash, and instant and free for same-bank transfer wire transfers by phon...

  • Bitcoin Friday Sale Happening Today | Bitcoin Magazine

    Friday Sale Happening Today

    bitcoinmagazine.net 09 Nov '12, 3pm

    Local businesses too have joined in the sale, and to them Bitcoin Friday is more than a sale; it’s also an opportunity to bring their local Bitcoin communities together. Room 77, “the restaurant at the end of capitalism” in Berlin, is offering 23% off on everything and free drinks to ...

  • Slush Operator Announces USB Wallet Project #bitcoin #wallet #usb

    Slush Operator Announces USB Wallet Project

    bitcoinmagazine.net 08 Nov '12, 11am

    For now, the intent is on simplicity, not features. Slush has already contacted a security company which will do a full review of the code, with thorough tests covering every line – something which, outside of large research institutions and corporations, is only possible with a very ...

  • BFL Confirms 65nm Process for SC Lineup | Bitcoin Magazine

    BFL Confirms 65nm Process for SC Lineup

    bitcoinmagazine.net 06 Nov '12, 9pm

    Disclaimer: Bitcoin Magazine has previously run advertisements for Butterfly Labs. This article was written independently of this fact. -Ed. Aiming for longevity and efficiency of their products, Butterfly Labs (BFL) has confirmed their new SC chips will be using a 65nm process, the s...

  • Bitcoin Store opens: All Your Electronics Cheaper With Bitcoins #bitcoin #electronics

    Store opens: All Your Electronics Cheaper With Bitcoins

    bitcoinmagazine.net 05 Nov '12, 7pm

    Roger Ver, known in the Bitcoin community for operating Memory Dealers and for a number of efforts marketing Bitcoin including a billboard and a radio ad, has announced that he is starting a new Bitcoin business: an all-purpose electronics store. The Bitcoin Store is already online, w...

  • BTC Trader: Bitcoin Arbitrage Made Easy #bitcoin #arbitrage #review

    BTC Trader: Bitcoin Arbitrage Made Easy

    bitcoinmagazine.net 02 Nov '12, 7pm

    In an effort to make life easier for traders participating in Bitcoin arbitrage, developer Eun-Joo Hansch Seoung and her husband have developed a Bitcoin client designed specifically for the task. The idea is simple; rather than having to navigate between browser tabs and spend time c...

  • Where to Spend Your Bitcoins #bitcoin

    Where to Spend Your Bitcoins

    bitcoinmagazine.net 25 Oct '12, 6pm

    For those who have bought or earned their first supply of bitcoins, no matter how large or how small, the first question that often goes through people’s minds is: what can I do with them? The Bitcoin community focuses heavily on the various ways that users can mine, buy, sell, or inv...

  • Butterfly Labs Releases More ASIC Photos #bitcoin

    Butterfly Labs Releases More ASIC Photos

    bitcoinmagazine.net 19 Oct '12, 11pm

    The company has responded to recent criticism with some images. The photo above shows one of the boards in the Minirig SC, the $29,899 version of Butterfly Labs’ product that Butterfly Labs claims will be able to produce 1.5 terahashes per second while consuming only 1500 watts of pow...

  • Now Accepting Bitcoins #bitcoin #torrentleech

    TorrentLeech.org Now Accepting Bitcoins

    bitcoinmagazine.net 17 Oct '12, 1am

    TorrentLeech.org, a torrent tracking service with a massive 500k userbase, is now accepting and even encouraging Bitcoins as donations and in exchange for VIP accounts. TorrentLeech believes that “Bitcoin payments safeguard your privacy and protect your anonymity,” and are “strong bel...

  • Coinabul Celebrates One Year In Business

    bitcoinmagazine.net 16 Oct '12, 9pm

    Coinabul’s anniversary sale offers $12 per ounce off gold purchases and $1.5 per ounce off silver – roughly 0.67% and 4.5% off the average cost of each one, respectively. After the sale, Coinabul’s founders are also organizing another event: Bitcoin Merchant Friday. Celebrating the se...

  • BitStamp Under DDOS #bitcoin

    Bitstamp Under DDoS

    bitcoinmagazine.net 15 Oct '12, 11pm

    Bitstamp website and service came under DDoS attack on October 15, 2012, completely disabling the services as of around 11:00 PM GMT. The attackers sent the following note to Nejc Kodrič, the exchanges’ founder and CEO: Dear Bitstamp’s friends, I’m DarkRobinHood, me and my friends we ...

  • Interview With GLBSE’s James McCarthy / Nefario |

    bitcoinmagazine.net 15 Oct '12, 11am

    Last week, the Global Bitcoin Stock Exchange, for a long time the leading investment platform in the Bitcoin economy, suddenly and unexpectedly shut down. There has been much speculation about what has happened, as GLBSE founder James McCarthy (Nefario ) maintained relative silence on...

  • Global Bitcoin Stock Exchange Shuts Down For Good

    bitcoinmagazine.net 10 Oct '12, 9am

    For those who are hoping that the GLBSE will recover, the odds are unlikely. Nefario himself has stated that the GLBSE is never coming back, and although he has hinted at the possibility of the GLBSE’s parent company, Bitcoin Global, creating a regulated and legal exchange to replace ...

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  • Intersango Shuts Down USD Trade

    bitcoinmagazine.net 09 Oct '12, 7pm

    in September did improve the Intersango team’s reputation, and banking problems of Bitcoin exchanges do tend to eventually be fixed, so Intersango does have a chance to turn itself around. However, the question is, will it? Is Intersango’s move to abandon the USD part of a strategic c...

  • A 2 pages article about our #Bitcoin logo project on Bitcoin Magazine #3! @BitcoinMagazine

    Reading into

    bitcoinmagazine.net 05 Oct '12, 2pm

    About a month ago, New Hampshire State Representative Mark Warden pushed forward the legitimacy of Bitcoin in two very significant ways. First, he was the first major political candidate to accept Bitcoin for political donations. This was a significant milestone, both because the regu...