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This past weekend I attended the Bitcoin 2013 conference in San Jose, where over one thousand enthusiasts, developers, entrepreneurs, venture capitalists, and, yes, lawyers gathered to chart the future of the virtual currency. Here are the top three things I learned at the conference....
1. Mochizuki is the kind of genius who could create bitcoin. Whoever created Bitcoin has the intellectual might of Isaac Newton, says Nelson. Mochizuki’s work as a mathematician has cracked some of the simplest and toughest problems in his field, attracting global media coverage . “It...
Let's stipulate that it is year N, in which no state-monopoly currencies have survived. What does bitcoin look like in this environment, when compared as a currency with various competing currencies, and when compared with investment instruments. I do not see how commodity-backed curr...
Credit: TraderTim / Foter.com / CC BY-SA As was noted earlier on Reason 24/7 , Bitcoin now holds more value than the entire currency stock of 20 nations. Granted, the 20 nations in question (which include Bhutan, Guinea-Bissau, Samoa, and the Central African Republic) do not include i...
Bitcoin is revolutionary because it solves the double-spending problem without employing an intermediary; there is only the payer and the payee. The system accomplishes this by distributing the ledger of transactions across a peer-to-peer network of users, much like BitTorrent. This a...
Reason The great Cypriot bank account grab of 2013 may or may not be off. Sure, Cyprus's lawmakers rejected a proposal that would carve a chunk out of the deposits of every depositor in the country, but officials are back for another try. The latest proposal would nationalize the coun...
Last week, the Treasury Department's Financial Crimes Enforcement Network (FinCEN) made waves in the Bitcoin community by releasing a statement of guidance that paid special attention to virtual currencies. Patrick Murck, who provides legal council to Bitcoin.org and contributes to th...
Credit: zcopley / Foter.com / CC BY-SA Yesterday, Jeff Berwick, founder of StockHouse.com and CEO of TDV Media, said that he plans to open a Bitcoin ATM in Cyprus. Perhaps not surprisingly the cryptocurrency is becoming increasingly popular in southern Europe. From PRWEB : Interest in...
