27 Apr '16, 5pm

Man accidentally sends $137,000 worth of Bitcoin instead of $5

T he enormous sum would have been paid to BitClub, the bitcoin network processing the transaction rather than the intended recipient, as Motherboard points out. Bitcoin, an encrypted currency that relies on a decentralised ledger of transactions known as the blockchain, rather than central banks, for legitimacy, has found legions of online fans, if not mainstream acceptance. Earlier this year, one of Bitcoin's top developers claimed the movement was doomed, and the virtual currency had failed. Mike Hearn, a British programmer who quit a job at Google to work on developing Bitcoin full time two years ago, said it is controlled by China and that the network it relies upon “is on the brink of technical collapse”. “There’s no longer much reason to think that Bitcoin can be better than the existing financial system,” Hearn wrote in a lengthy parting shot at sections of the move...

Full article: http://www.telegraph.co.uk/technology/2016/04/27/man-acci...

Tweets

Bitcoin's $137,000 Jackpot

Bitcoin's $137,000 Jackpot

hackingdistributed.com 29 Apr '16, 6pm

The traditional way to do this in Bitcoin is to "tumble " [1] the money. This is where I mix the cash with some other peop...

A 12-Year-Old Accidentally Ran A Half Marathon Instead Of The 5K

A 12-Year-Old Accidentally Ran A Half Marathon ...

There’s a big difference between the 5K that LeeAdianez Rodriguez-Espada planned to run and the half marathon she actually...

The Story of the 'Accidental' $137K Bitcoin Payment Just Got Very Strange - Motherboard

The Story of the 'Accidental' $137K Bitcoin Pay...

motherboard.vice.com 26 Apr '16, 10pm

There are bad days, and then there are days when you accidentally send $137,000 worth of bitcoin to somebody with no way t...

This is definitely a view worth paying for. Wor...

propertyguru.com.sg 29 Apr '16, 9am

Location is a very big plus point for Skyline Residences. The project is a short drive away from major landmarks including...