bitcoinmagazine.com Archives - 28 July 2014, Monday

  • Bitcoin and Marx’s Theory of History

    and Marx's Theory of History

    bitcoinmagazine.com 25 Jul '14, 3pm

    This article first appeared on page 26 of Issue 21 . You probably don’t think about Marxism when you think about Bitcoin. To most people, Marx is known as the guy who didn’t like private property and capitalism in general. Bitcoin, a cryptocurrency with the ability to encourage market...

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  • Bitcoin to Earth: Don’t Look Now, but your Paradigm is Shifting #bitcoin #bitmoney

    to Earth: Don’t Look Now, but your Paradigm is Shifting

    bitcoinmagazine.com 22 Jul '14, 3pm

    In effort to understand the world and events surrounding us, humans classify and categorize their own version of reality into a framework of reality we refer to as a paradigm , also known as a model. We draw ’cause and effect’ relationships and begin to correlate groups of related inf...

  • #bitcoin

    Our Uncoinventional Journey to Bitcoin Boulevard US

    bitcoinmagazine.com 19 Jul '14, 10pm

    Last month our family spent nearly a month living on the road while spending only Bitcoin . During the course of our travel we were invited via Twitter to make a change to our route so we could experience the cutting edge Bitcoin Boulevard, founded by Nikhil Chand and his amazing wife...

  • Uncoinventional Tour in Review, Our Month on the Road Spending Bitcoin Only

    Uncoinventional Tour in Review, Our Month on the Road Spending Bitcoin Only

    bitcoinmagazine.com 19 Jul '14, 8pm

    Uncoinventional: the Tour in Review Last month, our family traveled the U.S. spending only bitcoins. We documented our travels for Bitcoin Magazine through a live blog . As we embarked on this journey, I had no idea what I had got myself into. Still, I felt compelled to try. For those...

  • Bitcoin Growing Up in Ireland

    Growing Up in Ireland

    bitcoinmagazine.com 15 Jul '14, 6pm

    Bitcoin has suited up before, but at BitFin 2014 , bitcoin doesn’t wear a tie. Every bitcoin conference has a unique vibe. While Americans were barbecuing for freedom, Ireland’s bitcoiners were hosting a two day conference, BitFin 2014, and the vibe was…let’s get practical, lets get d...

  • How an Economy Grows and Why it Doesn’t: A Review: This article first appeared in Issue 21: Bitcoin & Art A Bo...

    How an Economy Grows and Why it Doesn’t: A Review –

    bitcoinmagazine.com 09 Jul '14, 12pm

    This article first appeared in Issue 21: Bitcoin & Art A Book by Irwin Schiff I often cop a lot of flack for claiming that the fundamental laws of economics, like the laws of physics, are immutable. I stand by this statement because the basic principles of economics are based on scien...

  • Blocktech Launches A New Business Model for a New Era of Technology

    bitcoinmagazine.com 03 Jul '14, 2pm

    This week, the Blockchain Technology Group, known as Blocktech , announced the creation of a business model for a new era of technology that will enable the cryptocurrency space to sustainably monetize a bitcoin business. Blocktech, led by CEO Devon Read and supported by a large group...

  • Bitcoin Millionaire Announces the Winner of His $100k Bounty: This is a guest post by Richard Boarse. A Bitcoi...

    Millionaire Announces the Winner of His $100k Bounty

    bitcoinmagazine.com 02 Jul '14, 7pm

    This is a guest post by Richard Boarse. A Bitcoin millionaire from Monaco who recently posted a bounty on Reddit for $100,000 for a proposal that could replace the Bitcoin Foundation has announced Mike Hearn’s Lighthouse initiative as the winner of $40,000, with a further $50,000 pled...

  • A Review of the new HTML5 Hive Wallet #bitcoin

    A Review of the new HTML5 Hive Wallet

    bitcoinmagazine.com 25 Jun '14, 12pm

    Kevin Cruz wrote about the Hive Wallet team back in March 2014 as they were looking for developers. It seems they’ve not only found developers, but already have released a wallet. Creating a Wallet When you first visit Hive’s web wallet url , you can either open an existing wallet or ...

  • Wait, There’s a Bitcoin Bowl Game?!

    Wait, There’s a Bitcoin Bowl Game?!

    bitcoinmagazine.com 24 Jun '14, 9pm

    Yes, it’s true. In the midst of the most exciting time of the year in college football, bitcoin is making its mark. What was previously called the Beef O’ Brady’s Bowl, will now be known as the Bitcoin St. Petersburg Bowl for the next three years. BitPay , one of the largest bitcoin p...

  • Launch of a Singapore Crypto-Industry Group

    Singapore Industry Body Launches

    bitcoinmagazine.com 23 Jun '14, 8am

    With the growing interest and use of Bitcoins and other cryptocurrencies worldwide, May 2013 saw the formation of the Association of Crypto-Currency Enterprises and Start-ups, Singapore (ACCESS). Bitcoin as a community based technology is clearly the organisation’s focus. ACCESS aims ...

  • Inside Antonopoulos I/III: “I’m broke, but I’m happier than I’ve ever been.” #bitcoin #bitmoney

    Inside Antonopoulos I/III: "I'm broke, but I'm happier than I've ever been."

    bitcoinmagazine.com 21 Jun '14, 7am

    Antonopoulos discovered Bitcoin twice. The first time he heard of it, he dismissed it as ‘nerd money,’ which, much to his consolation, is a common reaction, even by people who are very much into digital currencies, including Wade Dye, Nick Szabo and Adam Back. At first glance, he did ...

  • Family of Four Travels Across the Country Solely Living Off

    bitcoinmagazine.com 20 Jun '14, 9pm

    JUNE 20, 2014 — NEW YORK, NY — Catherine Bleish, well-known blogger at TheBitMom.com and personality across the Bitcoin community, is taking her family of four on an “uncoinventional ” journey, using only Bitcoin. Named the Uncoinventional Living Tour, the family has been on the road ...

  • Bitcoin Protection from Bank Raids and Kleptocracy #bitcoin

    Protection from Bank Raids and Kleptocracy

    bitcoinmagazine.com 20 Jun '14, 3pm

    One common type of OTC Derivative is the infamous Credit Default Swap . You could buy a naughty sounding version called the “Naked Credit Default Swap” that essentially allowed you to “insure” anything – you didn’t have to own it or have any connection to it. One example used to descr...

  • World Cup 2014: Show Your Support with the Bitcoin Cup

    bitcoinmagazine.com 20 Jun '14, 2pm

    Millions around the globe have got World Cup Fever and one organization is bringing a novel idea to spread the word about the advantages of Bitcoin. Aptly named the Bitcoin Cup (or BitCup), the organization is focused on using the global appeal of the digital currency to help local co...

  • Litecoin Electrum Beta Testing

    bitcoinmagazine.com 12 Apr '14, 2pm

    Electrum is arguably the most well known Hierarchical Deterministic (HD) wallet, fully implementing BIP0032 . An HD wallet generates all Bitcoin addresses using a specific algorithm from a single seed. A seed is the starting point and can be anything. Further, as Electrum is a ‘Type 2...

  • The US Congress Examines Bitcoin: The Bitcoin economy will be drastically different a

    The US Congress Examines

    bitcoinmagazine.com 11 Apr '14, 9pm

    The Bitcoin economy will be drastically different a year from now, as it is much different today than it was a year ago. Washington will have a huge effect on what direction the Bitcoin markets move, as Congress and regulators shape the rules Bitcoin stakeholders must adhere to. Addit...

  • Where Do You Bitcoin? BitScan Launches Mobile Applications

    bitcoinmagazine.com 11 Apr '14, 5pm

    Late last month BitScan launched their new mobile applications, including a revamp of the company’s popular iOS application. The app is completely redesigned and streamlined for speed. Furthermore, in response to customer demand, the BitScan team has also launched a mobile application...

  • The Bitcoin Phenomenon

    bitcoinmagazine.com 10 Apr '14, 8pm

    There is a new video that is taking the Bitcoin community by storm. Produced by recently launched internet cable brand SQ1 (pronounced square one), the video titled “The Bitcoin Phenomenon” explores the groundbreaking aspects of digital currency. Filled with interviews with some of th...

  • Did the IRS Just Make Bitcoin a New Tax Loophole?

    bitcoinmagazine.com 07 Apr '14, 2pm

    As most people have now heard, the IRS just granted itself the power to tax the gains realized when individuals sell or spend their bitcoins — much like stocks. That means you are also responsible for knowing exactly how much your Bitcoin holdings have increased in dollar terms since ...

  • Data Series: An Interview with John Beccia, General Council of Circle Internet Financial

    bitcoinmagazine.com 05 Apr '14, 6pm

    The DATA annual meeting has quite the star studded list of speakers. Here’s who will be sharing their thoughts in DC next week: Keynote: Benjamin Lawsky, New York State Superintendent of Financial Services Keynote: David Andolfatto, Vice President, Federal Reserve Bank of St. Louis Ad...

  • @virtuallylaw It may be good to get tricked into a profession. #bitcoin @DATAuthority

    DATA Series: Interview of Patrick Murck, General Council of The Bitcoin Foundation

    bitcoinmagazine.com 05 Apr '14, 2am

    At a higher level, I think it is interesting that from a policy perspective you have an incongruity happening. With FinCEN’s guidance they appropriately are very neutral on encouraging how Bitcoin is used, whether it is for investment or as a medium of exchange. FinCEN’s guidance prob...

  • Bitcoin Arrives in Vietnam: First BTC Exchange Launched #bitcoin

    Arrives in Vietnam: First BTC Exchange Launched

    bitcoinmagazine.com 04 Apr '14, 8pm

    On March 24th, Israel’s most reputable exchange entered the booming Vietnamese market. Israel & Bitcoin: Fertile Ground Bit2C Ltd , one of Israel’s largest bitcoin exchanges, was born only one year ago. When Co-founder and CEO Eli Bejerano was introduced to bitcoin, he saw potential f...

  • Mastering Bitcoin Book by Andreas Antonopoulos is Available for P...

    Mastering Bitcoin Book by Andreas Antonopoulos is Available for Pre-order

    bitcoinmagazine.com 29 Mar '14, 7pm

    A few months ago, Andreas Antonopoulos set out to publish the über Bitcoin book. This book would thoroughly cover every aspect of the first cryptocurrency so there would be no questions left to ask. He started by querying the Bitcoin community and asked them to fill in his outline her...

  • Small Washington Town Hit By Mudslide Accepting Bitcoin Donations

    bitcoinmagazine.com 29 Mar '14, 1am

    Last week the rural town of Darrington, WA was hit by a catastrophic landslide. Over 200 rescue workers are currently searching for survivors in an aftermath that covers a square mile and consists of a mixture of mud and debris measuring 15 feet deep in some spots. According to NBC Ne...

  • What to Expect at the Toronto Bitcoin Expo

    bitcoinmagazine.com 28 Mar '14, 1pm

    In two weeks the crypto community will take Canada by storm at the Toronto Bitcoin Expo 2014. Organized by The Bitcoin Alliance of Canada , the conference will span three days, from April 11 to 13. Earlier today, Bitcoin Expo announced exhibitors, sponsors and conference highlights th...

  • Hold on to Your Bitcoins. Why April 8 2014 Might be a Defining Moment in Bitcoin History

    Hold on to Your Bitcoins. Why April 8 2014 Might be a Defining Moment in Bitcoin History

    bitcoinmagazine.com 23 Mar '14, 12am

    Hold on to Your Bitcoins. Why April 8 2014 Might be a Defining Moment in Bitcoin History. Mark your calendars for April 8. It’s been a target day of dread for thousands of companies’ IT departments counting down the days before they cross the “finished” line. There are currently armie...

  • and Namecoin Appear in Draft ICANN Report – U.S. Plans to Relinquish Remaining Control of Internet –

    bitcoinmagazine.com 19 Mar '14, 6pm

    Last Friday, The Internet Corporation for Assigned Names and Numbers (ICANN ) put a process in motion that would transition the role of the United States Government in the Internet’s unique identifier system. The plan marks an important moment, meaning the US Government would relinqui...

  • Ripple Singapore

    bitcoinmagazine.com 18 Mar '14, 6am

    A colleague commented to me recently: if you’re ever explaining Bitcoin to someone and they’re getting it, start talking about Ripple, just to confuse them again. Of course, this was in jest. But, there can be some confusion about Ripple and how it operates. Ripple, just like Bitcoin,...

  • Why Bitcoin really does represent the democratization of money: Bitcoin is commonly regarded as a truly democr...

    Why Bitcoin really does represent the democratization of money

    bitcoinmagazine.com 18 Mar '14, 5am

    Bitcoin is commonly regarded as a truly democratic form of money. Interestingly enough, however, there seem to be various explanations supporting this characterization. Furthermore, at least one of these interpretations have caused some to doubt whether Bitcoin does in fact still repr...