Posts Tagged ‘ Bitcoin ’

PayPal gets serious about Bitcoin — is the price about to move?

September 24, 2014
posted by

A Lightning War for Liberty
by Michael Krieger  

"What’s clear to me is that the courtship period is over. PayPal and Bitcoin are now officially seeing each other. Whether or not this evolves into a full fledged partnership remains to be seen, but my guess is that it will. I also find it interesting and encouraging that the positive news from PayPal comes on the same day that the despised mining manufacturing equipment company Butterfly Labs had a civil lawsuit filed against it by the Federal Trade Commission (FTC)." (09/23/14)

http://tinyurl.com/mawv6z3  

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Finance war no more

September 21, 2014
posted by

Daily Anarchist Daily Anarchist
by Tyrone Johnson  

"Economic privacy is its own reward, of course. The more you have privacy in your economic affairs, the less you have to concern yourself with regulators and tax authorities who want to interfere with what you are doing. But, it goes much further than your own particular freedoms. With economic privacy, you can effectively avoid contributing to the wars going on all around the world." (09/18/14)

http://dailyanarchist.com/2014/09/18/finance-war-no-more  

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Silent coins

September 15, 2014
posted by

The Libertarian Enterprise The Libertarian Enterprise
by Tyrone Johnson  

"Bitcoin is often called an anonymous payment method, but that is a mistaken idea. Bitcoin is, at best, pseudonymous. Anyone who knows your wallet number can look at the funds you've transferred and the recipients. Anyone who knows the hash or destination address and the amount of a particular transaction can probably find that event in the public record, in the blockchain. There are other ways to obscure this data." (09/14/14)

http://ncc-1776.org/tle2014/tle788-20140914-02.html  

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Cryptocurrencies and mobile tipping

August 17, 2014
posted by

Art Carden EconLog
by Art Carden  

"I've gotten better about this in recent years, but earlier today I was sitting in an airport with no cash. That's normally not a problem as I use credit cards for almost everything, but it does become a problem where I'm in a situation where cash tipping is appropriate. I fished four quarters out of my briefcase, and while it will do tipping with change is almost an imposition as much as it's a tip. This got me thinking: how much easier would life be if I could just tip with Bitcoin or Dogecoin or another cryptocurrency simply by tapping someone's phone or by scanning a QR code on their nametag or by combining the two with a fist bump or something? Or what if I could do something like that with US dollars using PayPal or a Square or something?" (08/14/14)

http://econlog.econlib.org/archives/2014/08/cryptocurrencie.html  

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Report: Ebay in talks to accept Bitcoin as payment

August 15, 2014
posted by

Raw Story    

"Ebay Inc’s PayPal is in talks with Coinbase Inc and other bitcoin transaction providers to integrate the virtual currency within its Braintree payments system, The Wall Street Journal reported on Thursday. Executives at PayPal, which owns the service that handles payments for startups from room-bookings network AirBnB to car-on-demand service Uber, have not struck any agreements, the Journal cited people familiar with the matter as saying. A deal would be an endorsement for a crypto currency, which is gaining acceptance with a slowly growing number of businesses, including online retailer Overstock.com. But some industry executives have warned about the risks of an unregulated currency." (08/14/14)

http://tinyurl.com/mltsray  

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“Consumer Financial Protection” racketeers launch Bitcoin scare campaign

August 11, 2014
posted by

ABC News    

"Federal regulators are warning consumers about the risks of using virtual currencies such as Bitcoin. The Consumer Financial Protection Bureau said Monday that it will begin fielding complaints from people who rely on products such as Bitcoin and online exchanges for such currencies. In issuing an advisory warning, the agency noted that the currencies are not backed by the government, have volatile exchanges rates and are targeted by hackers and scammers. And unlike bank accounts, Bitcoin-based deposits are not federally insured." [editor's note: Yes, there are risks involved in using cryptocurrencies ... but those risks pale next to the risks of giving any power at all to CFPB - TLK] (08/11/14)

http://tinyurl.com/kqunrvd  

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Bitcoin’s undiscovered potential

July 30, 2014
posted by

Competitive Enterprise Institute Competitive Enterprise Institute
by Matt Powers  

"A recent piece in American Banker magazine explores how Bitcoin and other cryptocurrencies can help the underprivileged, particularly the millions of unbanked people who do not have bank accounts. This is an area where digital currency could do much good. In fact, the online microfinancing platform Kiva has already begun a peer-to-peer service, known as Kiva Zip, whose model resembles some of the features in Bitcoin." (07/28/14)

http://cei.org/blog/bitcoin%E2%80%99s-undiscovered-potential  

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How Bitcoin can stop war

July 22, 2014
posted by

Antiwar.com Antiwar.com
by Roger Ver  

"[W]hat has me so incredibly excited about Bitcoin, is it’ll prevent governments from being able to just print money at will and then use that to buy tanks and guns and bombs to murder people around the world. And so I see a world in which everybody is using Bitcoin and interacting with each other on a voluntary basis as just a much, much, much happier and peaceful and safer world for every single human being on the planet. And when I realized that Bitcoin has the potential that to become the currency used all around the world, and would have the ability to basically undermine every government on the entire planet’s ability to wage war, I knew I had to get involved and start promoting Bitcoin full-time." (07/22/14)

http://tinyurl.com/o4sdaqy  

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New York launches BitLicense proposal — how bad is it?

July 20, 2014
posted by

A Lightning War for Liberty
by Michael Krieger  

"The power vested in Ben Lawsky as the Superintendent of Financial Services for the State of New York goes against everything I believe in. Rather than decentralized decision making, he wields an enormous amount of centralized power, which could ultimately affect billions of people. I don’t think anyone should ever wield this kind of authority. However, this isn’t his fault, it is simply the destructive paradigm under which we live. While I do not accept this paradigm and am willing to dedicate much of my time and effort toward moving us into a decentralized, globally interconnected, peer-to-peer world, we are not there yet." (07/18/14)

http://tinyurl.com/od5a7gv  

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Waiting for dark

July 17, 2014
posted by

Wired
by Andy Greenberg  

"Amir Taaki and Cody Wilson are cruising north through Texas on Interstate 35 in the 4:30 am predawn darkness. One of the headlights on the aging BMW Wilson’s driving is burned out, and he’s wearing sunglasses. 'They’re prescription,' he says drily. It’s May Day, every anarchist’s favorite holiday, and the two 26-year-olds have marked the occasion by releasing a piece of software that represents their best attempt so far to undermine every government in the world. A call from a lawyer friend has reminded them that creative US prosecutors might hit them with conspiracy or other charges. So they’ve decided to skip town." (07/11/14)

http://www.wired.com/2014/07/inside-dark-wallet/  

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What could kill Bitcoin?

July 13, 2014
posted by

Robert P. Murphy Liberty Chat
by Robert P. Murphy  

"As an economist, I have been fascinated by Bitcoin; you can read my introductory analysis here. Thus far my biggest focus has been on the possible incompatibility between Austrian monetary theory and Bitcoin. I lay out the issues in this talk, and I explain why I don't think there’s a conflict in this earlier LibertyChat article. In the present post, however, I want to talk about something more fundamental: For the Bitcoin critics who say it will eventually collapse, what is going to be the trigger?" (07/10/14)

http://www.libertychat.com/2014/07/kill-bitcoin/  

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Attempt to tie Bitcoin to ISIS is proof the establishment is scared to death

July 7, 2014
posted by

A Lightning War for Liberty
by Michael Krieger  

"Every attempt to demonize Bitcoin has demonstrated an increased level of desperation and ridiculousness. However, the most recent example is the most absurd yet. According to Sky News, an 'ISIS-linked blog' has posted about how Bitcoin can be used to 'fund global jihad.'" (07/07/14)

http://tinyurl.com/m456ryh  

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Venture capitalist, startup exchange named as receivers of stolen Bitcoin

July 3, 2014
posted by

Los Angeles Times    

"Venture capitalist and entrepreneur Tim Draper is rolling in bitcoins after winning a U.S. government auction Monday. The 29,656 bitcoins -- a new form of digital currency -- were part of a trove that the government [stole from] drug market website Silk Road last year. ... Draper will use the [stolen] bitcoins in a partnership with start-up bitcoin exchange Vaurum to provide liquidity as they launch bitcoin trading platforms in 'emerging markets,' the company announced." (07/02/14)

http://tinyurl.com/om6zpzy  

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Feds hold auction, sell stolen Bitcoins

June 30, 2014
posted by

NBC News    

"The U.S. Marshals Service on Friday auctioned off thousands of bitcoins [stolen] when notorious Internet black market Silk Road was shut down. A total of about 29,656 bitcoins (worth nearly $18 million at Friday's prices) were put on the block at 6 A.M. ET, and the sealed-bid auction concluded at 3 P.M. ET. There were 10 total lots: nine groups of 3,000 bitcoins (equivalent to around $1.8 million) and one of the remaining 2,656 and change. [Accessories to the theft] had to put $200,000 down as a deposit to ensure they were serious. The [receivers of the stolen property] will be notified Monday." (06/27/14)

http://tinyurl.com/msjvwfv  

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CA: Brown signs bill legalizing alternative currencies

June 29, 2014
posted by

Russia Today [Russian state media]    

"California Governor Jerry Brown signed into law a bill making alternative currencies, including bitcoin, lawful in the state. The bill repeals the provision of the old legislation, which banned the use of 'anything but the lawful money of the United States.'" (06/29/14)

http://rt.com/usa/169164-california-bitcoin-bill-signed/  

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What do you get when you mix government employees with disruptive technology?

June 23, 2014
posted by

The Daily Bell
by Jeffrey Berwick  

"When late last week the US Marshals made the surprise announcement that they would be auctioning off 30,000 bitcoins stolen in the Silk Road raid, worth nearly $18 million USD, they were getting in over their heads when it came to the 'blind carbon copy' technology available with most e-mail services." (06/20/14)

http://tinyurl.com/qjy8j9w  

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Bitcoin Bowl comes to college football

June 19, 2014
posted by

CNN Money    

"The latest effort to bring Bitcoin into the mainstream: brand a college bowl game. Say hello to the 'Bitcoin St. Petersburg Bowl,' the new name for an annual postseason football game on Florida's west coast. ... The company that paid for the naming rights to the game through 2016 is BitPay, which processes Bitcoin payments for businesses. BitPay is hoping the game will pique interest in a currency that's gained popularity with merchants." (06/19/14)

http://money.cnn.com/2014/06/18/technology/bitcoin-bowl/index.html  

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Rise of powerful mining pools forces rethink of Bitcoin design

June 18, 2014
posted by

MIT Technology Review    

"Bitcoin may need to be redesigned to fix a flaw that gave one company a chance to manipulate the cryptocurrency. ... In a blog post Monday, the bitcoin exchange CEX.IO, which operates the GHash.IO pool, said it was trying to convene discussions between major mining operations and the Bitcoin Foundation, which exists to support the core software, about ways to guard against majority attacks." (06/17/14)

http://tinyurl.com/nm54ome  

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“US Marshals” gangsters announce plan to auction off $17.5 million worth of stolen Bitcoin

June 13, 2014
posted by

Wired    

"The Bitcoin world has been waiting for more than six months to see where the millions in cryptocash [stolen] from the Silk Road black market for drugs would end up. Now that fortune is about to be sold off, like so many mafiosos' cars or drug dealers' bling, to the highest bidder. On Thursday the U.S. Marshals' office announced that it will be selling nearly 30,000 in bitcoins that were [stolen] from a Silk Road server after the drug-selling site's [theft] last October, worth about $17.5 million at current exchange rates." (06/12/14)

http://www.wired.com/2014/06/silkroad-bitcoin-auction/  

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The coming digital anarchy

June 12, 2014
posted by

A Lightning War for Liberty
by Michael Krieger  

"Many of you may have already read this article considering it generated quite a bit of buzz yesterday when it was published. For those who haven't, I highly recommend it. While those of us who have been interested in Bitcoin for years may not learn anything 'new,' it's a great piece to send to friends and family members who have yet to make the plunge. For those who haven't been a fan of Bitcoin due to natural skepticism, confusion or any other ailment, this article presents in an easy to understand manner the inherently revolutionary characteristics embedded within Blockchain technology. We have a chance to truly decentralize power for the first time in human history. We must not let this amazing opportunity slip away." (06/10/14)

http://libertyblitzkrieg.com/2014/06/10/the-coming-digital-anarchy/  

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An update on Ross Ulbricht

June 12, 2014
posted by

Freeman's Perspective
by Paul Rosenberg  

"When Ross was arrested last fall, the FBI immediately publicized accusations that Ross was hiring hit men and had paid them to kill people. Millions of people heard this, and, understandably, thought it was a bad thing. Well, a funny thing happened on the way to court: Those charges vanished. In the final New York indictment, no such charges were included. The murder-for-hire allegation is now an 'uncharged crime.' It is mentioned in the indictment, but it is not a formal charge and (conveniently) requires no proof." (06/10/14)

http://www.freemansperspective.com/ross-ulbricht-drear-pirate-roberts/  

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Expedia now accepts Bitcoin for hotel bookings

June 11, 2014
posted by

MarketWatch    

"Expedia Inc. said Wednesday it will now accept bitcoin payments, allowing customers to pay for hotels using the digital currency. If the move to enable bitcoin payments for hotel purchases starts attracting a new type of customer or results in an uptick in usage, Expedia could begin accepting bitcoin in its car and flight units as well, said Michael Gulmann, vice president of global product at Expedia." (06/11/14)

http://tinyurl.com/np2xlud  

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“SEC” gang demands bribe from Bitcoin entrepreneur

June 4, 2014
posted by

VentureBeat    

"The U.S. Securities and Exchange Commission (SEC) brought charges against the owner of two Bitcoin sites for selling unregistered shares in two websites. The agency charged Erik Voorhees (no relation to Jason Vorhees) with selling shares in the Bitcoin betting site SatoshiDICE and in the Bitcoin marketing site FeedZeBirds. Vorhees took payment for the shares in Bitcoin. Bitcoin is a virtual currency that you can use to purchase real-world goods and services and exchanged for fiat currencies on certain online exchanges. Vorhees will have to cough up all the proceeds of the sales -- $15,843.98 -- and pay a $35,000 [bribe] as part of a settlement agreement with the SEC." (06/03/14)

http://tinyurl.com/nm4ctbd  

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Apple opens door for … Bitcoin apps?

June 3, 2014
posted by

San Francisco Chronicle    

"It looks like Apple has updated its app developer guidelines today to allow for Bitcoin apps. The new clause under section 11.17, which was flagged by folks on Twitter like investor Bill Lee today, reads: Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions. That sounds like Bitcoin!" (06/02/14)

http://tinyurl.com/q3oeegh  

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Dish Network to accept Bitcoin

May 29, 2014
posted by

Variety    

"Charlie Ergen has always been a gambler. Now the Dish Network chairman is taking a flier on accepting the Internet currency Bitcoin as payment for pay-TV bills. Dish trumpeted its decision in a news release on Thursday, declaring that it will be 'the largest company to accept bitcoin.' The sat-TV provider will begin accepting Bitcoin payments starting in the third quarter." (05/29/14)

http://tinyurl.com/plswq95  

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