codinginmysleep.com Archives - 27 November 2014, Thursday

  • Newegg Is Officially Participating in Bitcoin Black Friday.

    Newegg Is Officially Participating in Bitcoin Black Friday

    codinginmysleep.com 20 Nov '14, 1am

    is a big deal. Remembering back to when this thing started I wasn’t sure anyone of note would participate. Today the idea of any Bitcoin-accepting business not capitalizing on Bitcoin’s own massive holiday sale is inconceivable. There has been a lot of anticipation leading up to this ...

  • Coding In My Sleep - Gogo Coin: A Bitcoin Gift Card Your Grandma Can Buy

    Gogo Coin:A Bitcoin Gift Card Your Grandma Can Buy

    codinginmysleep.com 06 Sep '14, 4pm

    Sadly, not all mementos are meant to be. San Jose was my first convention and my memento-snatching habits were not as refined as they are today. More to the point, I lacked proper storage and many of my early trinkets were stored less than ideally. Perhaps it’s still here somewhere, i...

  • BFL Introduces Next-Gen 28nm ASIC - and It's a PCIe Card - Coding In My Sleep - A Bitcoin Blog

    codinginmysleep.com 17 Aug '13, 8pm

    While I am a huge fan of BFL’s hardware there are of course areas in which they’ve been traditionally found wanting and there is no word yet on how this will affect currently existing orders. BFL exec Sonny Vleisides informs me that customers still waiting for 65nm ASICs will likely b...

  • Casascius Physical Bitcoins Cracked at Defcon #bitcoin

    Casascius Physical Bitcoins Cracked at Defcon - Coding In My Sleep - A Bitcoin Blog

    codinginmysleep.com 04 Aug '13, 6pm

    Every year a number of reportedly secure systems fall to the skilled hands of security researchers at Defcon. This year, Casascius’ Physical Bitcioins were on that unfortunate list. Defcon researchers Stits and Datagram tried their hand at the physical Bitcoin on Saturday afternoon an...

  • BFL Jalapeno Unboxing and Demo

    codinginmysleep.com 20 Apr '13, 11pm

    [...] Looks like one has been recieved by this guy a little while ago and he made a video from it. One thing I noticed when Josh made his video was the loud noise this thing puts out. I initially assumed it was the OCZ power supply. Now with this video you can clearly tell its the Jal...

  • Stores Can Now Pass On Credit Card Fees to Customers

    codinginmysleep.com 30 Jan '13, 7am

    As part of the settlement, the wording in most credit card acceptance policies barring customer-facing surcharges has been removed and merchants are now explicitly allowed to charge their customers any amount up to the actual fee they’re paying to swipe their card. Despite bearing sim...

  • Dwolla Begins PayPal-Style Account Suspensions

    codinginmysleep.com 25 Jan '13, 6am

    Within the Bitcoin community, payment processor Dwolla was pretty popular in its time. They were the preferred method of getting into and out of Bitcoin from the U.S. Dollar specifically because they claimed zero chance of chargebacks and appeared to be a small business run by decent ...

  • Putting on shoes and heading to #CES to cover some big #Bitcoin news (I've seen things, it's a big deal)

    Goes to CES

    codinginmysleep.com 08 Jan '13, 5pm

    It’s been a slow couple of months here at Coding In My Sleep – between the Bitcoin world taking a much-needed breather (read: nothing much happened) and my personal life exploding/imploding (read: bought a house) I have not been my usual post-a-day self. Well today I break that streak...

  • WalletBit Promotes In-Store Bitcoin PoS

    codinginmysleep.com 29 Dec '12, 12am

    It’s no secret that Bitcoin merchant services company WalletBit has been hard at work putting Bitcoin into the hands of merchants everywhere. Their mobile point of sale system works pretty much everywhere you can find a processor and an internet connection and makes Bitcoin transactio...

  • Trend Micro Misses Point on "Bitcoin-Mining Malware"

    codinginmysleep.com 13 Dec '12, 9am

    Earlier today, Antivirus maker Trend Micro informed the world via blog post that a Trojan disguised as a component of their own virus scanning software was dropping “Bitcoin-Mining Malware.” Other news sites have been quick to follow and of course it’s making the rounds on the forums ...

  • Bitcoin Central Licensed as Bank

    codinginmysleep.com 07 Dec '12, 12pm

    Look out MtGox , Bitcoin-Central just beat you to one hell of a punch. While this may not mean a lot to my American readers, those of you across the pond in various parts of Europe will be excited to hear that popular European Bitcoin exchange Bitcoin-Central just became the first suc...

  • Block Reward Halving Successful

    codinginmysleep.com 28 Nov '12, 3pm

    There’s been a lot of chatter lately about the block reward halving and the effect it will have on nearly every aspect of Bitcoin. The halving mechanism is a very important part of Bitcoin’s functionality, ensuring that over time the inflation rate decreases to zero and creating the h...

  • Can Block Reward Halving Still Increase Value?

    codinginmysleep.com 25 Nov '12, 8pm

    There has been a lot of chatter lately about an impending event that represents a drastic change in the world of Bitcoin: In about 3 days the block reward is going to be cut in half from 50 BTC to 25. While it’s immediately obvious that this has potentially severe implications for min...

  • Bitcoin Friday Results

    codinginmysleep.com 13 Nov '12, 10pm

    Bitcoin Friday was great for us! We kicked it off by driving down to Philly to host a Bitcoin table at the biggest regional conference for libertarian students in history. The students loved it, and ran the gamut from Bitcoin experts to many who had never heard the word before. Invari...

  • Measuring #Bitcoin Speculation

    Measuring Bitcoin Speculation

    codinginmysleep.com 12 Nov '12, 10pm

    I'm not normally one to delve too deeply into the world of financial charts, math and indices - oh I can read all variety of charts just fine and make arbitrary speculative guesses with the best of them, but I've seldom considered myself clever enough to make any attempt at inventing ...

  • BitcoinStore Launch - Cheaper In Bitcoin

    codinginmysleep.com 03 Nov '12, 5pm

    It's long been touted by the Bitcoin community that the lack of chargeback risk and transaction fees would expose merchants to less cost that they would have to pass on to the consumer, thereby lowering prices. The problem, thus far, has been that most of the merchants adopting Bitcoi...

  • Bankers Understand the Offense, But Not Defense - #Bitcoin

    Bankers Understand the Offense, But Not Defense

    codinginmysleep.com 01 Nov '12, 9pm

    Bankers Understand the Offense, But Not Defense American Banker recently ran an interesting article about the attack patterns of many recent hacks as they apply to the banking industry. They hit the nail on the head with regard to the attack pattern, but seem to miss the point when it...

  • Can #Bitcoin do more about #Sandy than just gloat over its own resilience? Let's actually USE this tool!

    Bitcoin and Natural Disasters

    codinginmysleep.com 31 Oct '12, 12am

    Even under horrifically inappropriate circumstances, we humans experience a strange emotion the Germans call schadenfreude - pleasure derived from the misfortunes of others. Perhaps it's the optimistic bit of our brain trying to find a silver lining or a natural defense mechanism to k...

  • WalletBit Releases Mobile PoS for #Bitcoin

    WalletBit Releases Mobile PoS for Bitcoin

    codinginmysleep.com 30 Oct '12, 3pm

    WalletBit/ResponsePay has just released a new checkout method that makes it even easier for your business to integrate Bitcoin payments, accept Bitcoin payments on-the-go or even perform OTC transactions in person. The new Point of Sale Mobile Checkout allows you to select any local c...

  • New pics of the BFL chips. The expected shipping date is late November. #butterflylabs #asic #bitcoin

    More Butterfly Labs Jalapeno Pics

    codinginmysleep.com 30 Oct '12, 5am

    As many in the Bitcoin community are well aware, Butterfly Labs is on the verge of releasing a new line of ASIC-based Bitcoin mining devices. For a long time we've been seeing mockups and renders of PCBs and cases (like the one to the left). Recently Bitcoin Magazine published the fir...

  • The Pirate Effect - #Bitcoin

    The Pirate Effect

    codinginmysleep.com 27 Oct '12, 11pm

    Or: how I learned to stop worrying and love market fundamentals. An interesting thing is happening in the Bitcoin community of late. We've always been a naturally suspicious lot, questioning the motives and track record of anyone or anything placed before us, but lately these suspicio...

  • The Difficulty With #Bitcoin Stats

    The Difficulty With Bitcoin Stats

    codinginmysleep.com 26 Oct '12, 10pm

    The Difficulty With Bitcoin Stats There has been a lot of news lately surrounding a certain study (PDF warning) funded by Citi. The study attempted analysis of the Bitcoin block chain for a number of purposes and came up with a few startling numbers that a lot of the "mainstream media...

  • #Bitcoin Ultraprune In Plain English

    Ultraprune In Plain English

    codinginmysleep.com 25 Oct '12, 8pm

    To understand ultraprune, we have to understand a few things about how Bitcoin actually works. Bitcoin, technically, is less like a currency and more like a ledger. Bitcoin keeps track of every transaction everyone makes and stores it in a database, commonly referred to as the "block ...

  • Confessions of a Pirate Pass-Through Operator - #Bitcoin

    Confessions of a Pirate Pass-Through Operator

    codinginmysleep.com 24 Oct '12, 12am

    Bitcoin Savings & Trust fiasco here before, but for the most part I've left the topic alone. This in large part because I like to source my information properly and frankly there just isn't that much (reliable) information about PirateAt40 and his scheme floating around. The sole exce...

  • Will Draconian Controls Drive Bitcoin Adoption? #bitcoin

    Will Draconian Controls Drive Bitcoin Adoption?

    codinginmysleep.com 17 Oct '12, 10pm

    At this point in the article, I feel a bit like I'm preaching to the choir, though. We've all heard this before, we all know these things and the proselytizers in the crowd already have their Bitcoin-centric responses all queued up. "Bitcoin is backed by math, not a government" or "No...

  • When is "Good" Good Enough for Bitcoin?

    codinginmysleep.com 14 Oct '12, 7pm

    Shortly after finishing the article, it occurred to me that many of the same things can be said of another project I've got a deep interest in: Bitcoin. I wrote an article a while back about some exotic new transaction types clever folks were coming up with - ways to use Bitcoin that ...

  • A brief plain-English analysis of some of #Bitcoin 's more common attack vectors.

    Bitcoin Attacks in Plain English

    codinginmysleep.com 06 Oct '12, 12am

    I get asked about Bitcoin a lot - mining, usage, fundamental economic principles, basic technical details etc. I spend a lot of time telling people the things they need to know about Bitcoin to participate in this grand experiment of ours and almost as much time quieting unfounded fea...

  • A better, less militant way of explaining #Bitcoin 's value.

    Wait, Why Is This Worth Anything?

    codinginmysleep.com 04 Oct '12, 3pm

    The really sad part is, it's not even because we haven't got an answer - we dodge the question because it's a hard one to answer without a lot of economic pretext and de-programming. Most folks have been using government-issued fiat currency their whole lives. It has value to them bec...

  • Butterfly Labs Releases More Data

    codinginmysleep.com 30 Sep '12, 7am

    I'm sure there's a vocal group who will decry these new stats as impossible and another sign of the impending collapse of the great "Butterfly Labs Ponzi" of 2012, while others will be excited about the potential for a free increase in hashrate and some final power figures. I'm sure t...

  • Stealing Bitcoins the Hard(est) Way

    codinginmysleep.com 30 Sep '12, 2am

    To put all these big numbers another way: Bitcoin uses the same sorts of encryption and intractable math problems for its security as most encryption elsewhere in the world. The key space and manner of generation is also similar to many other common encryption-based systems. If Bitcoi...