$1 billion dollars worth of bitcoins now circulate on the web – an amount that exceeds the value of the entire currency stock of small countries like Liberia, Bhutan, and 18 other countries. Bitcoin is in high demand right now — each bitcoin currently sells for more than $90 U.S. doll...
"The Canada Revenue Agency has started paying attention to BitCoin transactions, as it says users will have to pay tax on all transactions using the currency . From the article, "The CRA told the CBC there are two separate tax rules that apply to the electronic currency, depending on ...
An anonymous reader writes with a link to a story at Forbes about what's said to the first Bitcoin hedge fund ; the article goes into some of the details of how the (literally) valuable data is kept. A selection: "The private key itself is AES-256 encrypted. After exporting Bitcoin pr...
"Mark Gimein points out that Bitcoing mining uses a lot of power, enough that it is a real world problem : 'About 982 megawatt hours a day, to be exact. That’s enough to power roughly 31,000 US homes, or about half a Large Hadron Collider. If the dreams of Bitcoin proponents are reali...
"Bitcoin is gaining popularity among mainstream sites lately and the latest to adopt the digital currency as a medium of donations and payments is the Internet Archive . Ready to accept donation in the form of Bitcoin, the Internet Archive announced that it wants to do so to pay some ...
Some very talented folks I once had the pleasure of meeting just went out of business. They had formed Bitcoin Harbor [bitcoinharbor.com], an exchange for buying and selling items strictly in bitcoins. I suspect the undue lack of popularity for bitcoin is to blame, but there has been ...
Some time ago Gregory Maxwell proposed the idea of autonomous programs that maintain their own Bitcoin wallet. He gave the concrete example of StorJ, a program that provides encrypted file hosting capacity a la MEGA. By buying server time from VPS providers and re-selling services, pu...
I'm posting pseudonymously instead of anonymously.. Wow, I can really feel the difference.. Fear is overwhelming me.. Let me see.. If my karma drops, what exactly happens then? Oh yeah.. a number somewhere that doesn't really mean anything changes. I have a fair chunk of change for my...
