Page 12 of 13 FirstFirst ... 210111213 LastLast
Results 166 to 180 of 183

Thread: Bitcoin Boom

  1. #166
    Join Date
    Jan 2011
    Location
    Wash DC
    Posts
    7,515

    Default Re: Bitcoin Boom

    MAN IDENTIFIED AS MYSTERIOUS BITCOIN CREATOR DENIES IT
    Newsweek on Thursday rattled Bitcoin aficionados when it published an article that claimed to reveal Bitcoin's creator, whose mysterious identity has been central to the virtual currency's mythic status, Nathaniel Popper and Rachel Abrams write in DealBook. Bitcoin's developer went by the name Satoshi Nakamoto, and the man the magazine claimed to be behind Bitcoin has a similar name - Dorian Satoshi Nakamoto, but don't get too excited just yet.

    The Mr. Nakamoto identified in the article denied involvement in Bitcoin on Thursday after a car chase involving a crowd of reporters. He told The Associated Press that he had not heard of the virtual currency until his son told him about being contacted by a reporter three weeks ago. Even if Newsweek's report is true, virtual currency proponents were outraged by what they viewed as a violation of the very privacy the currency was intended to protect.

    "Whatever the conclusion, the furor on Thursday laid bare just how far Bitcoin had moved beyond its humble origins five years ago - and just how much it still relied on the mystique of those beginnings," Mr. Popper and Ms. Abrams write. They add, "Bitcoin watchers said that the creator's supposed anonymity had played a vital role in the growth of a virtual currency that has become a potent symbol for privacy advocates and critics of government power."

    From The Associated Press, which had an exclusive interview on Thursday with the Mr. Nakamoto identified in the Newsweek article: "Several times during the interview with AP, Nakamoto mistakenly referred to the currency as 'bitcom,' and as a single company, which it is not. He said he's never heard of Gavin Andresen, a leading Bitcoin developer who told Newsweek he'd worked closely with the person or entity known as 'Satoshi Nakamoto' in developing the system, but that they never met in person or spoke on the phone."
    As a general rule the most successful man in life is the man who has the best information.

  2. #167
    Join Date
    Aug 2011
    Location
    hiding inside Brendan Gleesons underwear drawer...
    Posts
    13,555

    Default Re: Bitcoin Boom

    Mt Cox one of the largest bitcoin exchanges in the world has closed pending a fraud investigation. Court documents have been filed to seek documents pending a massive fraud investigation. None of the companies have yet filed for bankruptcy

    http://www.pcworld.com/article/21072...companies.html
    History is the only true teacher, the revolution the best school for the proletariat - Rosa Luxembourg

  3. #168
    Join Date
    Jan 2011
    Location
    Wash DC
    Posts
    7,515

    Default Re: Bitcoin Boom



    IRS: BITCOIN IS PROPERTY, NOT CURRENCY
    : The rule-free rush of digital currencies was fun while it lasted. The agency's determination, which wasn't expected this soon, is a possible boost to investors--but also imposes record-keeping and sizable taxes upon bitcoin use. (McKinnon/Tracy, WSJ)

    I.R.S. Says Bitcoin Should Be Considered Property, Not Currency
    Adding clarity to the regulatory landscape, the agency said it would consider Bitcoin property for tax purposes, since it "does not have legal tender status in any jurisdiction."



    PBOC Rule Means Bitcoin Websites in China Must Close, Expert Says Central bank told banks and payment firms to shut accounts of site operators, a move one analyst says means traders have to leave country
    As a general rule the most successful man in life is the man who has the best information.

  4. #169
    Join Date
    Jan 2011
    Location
    Wash DC
    Posts
    7,515

    Default Re: Bitcoin Boom

    HOW TO EXPLAIN BITCOIN TO YOUR MOM
    Have questions about how virtual currencies work? The comic artist Rami Niemi and Rachel Abrams of DealBook have all the answers.

    More bad news for bitcoin traders. Cryptocurrency exchange Vircurex will freeze all user accounts and halt withdrawals of bitcoin and other virtual currencies. Like other recent collapses exchanges, Vircurex has been hit by hackers and what amounts to a run on its virtual bank.

    There’s a bitcoin smartphone virus going around. Infected phones mine bitcoins for the creator of the malware.
    As a general rule the most successful man in life is the man who has the best information.

  5. #170
    Join Date
    Nov 2010
    Location
    in the national interest
    Posts
    17,670

    Default Re: Bitcoin Boom

    your weekly bitcoin is fecked story

    http://hackingdistributed.com/p/2014...itcoin-trusts/

  6. #171
    Join Date
    Jan 2011
    Location
    Wash DC
    Posts
    7,515

    Default Re: Bitcoin Boom

    Regulation Around Bitcoin Starting to Clear, Says Circle CEO "Bitcoin watchers today will be anxiously waiting for the results of an auction of 30,000 bitcoins seized last year as part of the Federal Bureau of Investigation’s crackdown on the Silk Road online marketplace for illicit drugs," reports the Wall Street Journal's Amir Mizroch. Jeremy Allaire, founder, chairman and CEO of Circle, told the Journal that, "while there was still regulatory uncertainty around bitcoin, the 'clouds were parting,' with governments, banks, and traditional institutional investors beginning to take a serious interest in the cryptocurrency."

    WHO WON THE BITCOIN AUCTION?
    Since Friday, when the United States Marshals Service auctioned off nearly 30,000 Bitcoins that it had seized from the now-defunct market Silk Road, investors and Bitcoin enthusiasts alike have been eagerly awaiting the results, DealBook's Sydney Ember writes. But as the agency began notifying winning and losing participants on Monday afternoon, who won and what they paid remained a mystery.

    Some prominent auction participants, including Dan Morehead, who bid through Pantera Bitcoin, and Barry Silbert, who runs a Bitcoin investment fund through his firm SecondMarket, were notified that they had not won, adding intrigue to an auction that was considered unusual from the start. The Marshals Service said on Monday that 45 registered bidders had participated in the event and that the agency had received 63 bids over the course of the auction. Beyond that, the agency has said from the beginning of the auction process that it would not disclose the names of the winning bidders or the amount of the winning bids.


    Venture Capitalist Tim Draper Wins Bitcoin Auction
    Mr. Draper was the sole winning bidder of the nearly 30,000 Bitcoins auctioned on Friday by the United States Marshals Service, several people close to the auction said on Wednesday.

    As a general rule the most successful man in life is the man who has the best information.

  7. #172
    Join Date
    Jan 2011
    Location
    Wash DC
    Posts
    7,515

    Default Re: Bitcoin Boom

    8 out of 10 Bitcoin transactions are in China! Not sure how much weight to attach to the rest of the info.


    33 Indicators that Bitcoin is not slowing down

    February 4, 2016 by Raymond Hackney 2 Comments
    BargainFox.co.uk produced this infographic that looks at 33 indicators relating to Bitcoin and why things are not slowing down with the cryptocurrency.
    55% of Bitcoin users are 19-34 years of age based on a survey of 4,000 respondents.
    90% Male



    As a general rule the most successful man in life is the man who has the best information.

  8. #173
    Join Date
    Mar 2010
    Location
    heart of Europe
    Posts
    22,839

    Default Re: Bitcoin Boom

    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

  9. #174
    Join Date
    Jan 2011
    Location
    Wash DC
    Posts
    7,515

    Default Re: Bitcoin Boom

    Price of 1 bitcoin recently briefly overtook price of an ounce of gold, but has slipped back.Today: Gold $1256, Bitcoin $1213.
    As a general rule the most successful man in life is the man who has the best information.

  10. #175
    Join Date
    Mar 2010
    Location
    heart of Europe
    Posts
    22,839

    Default Re: Bitcoin Boom

    Bitcoin was made a legal payment method in Japan recently

    http://www.pymnts.com/news/bitcoin-t...bitcoin-price/
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

  11. #176
    Join Date
    Jan 2011
    Location
    Wash DC
    Posts
    7,515

    Default Re: Bitcoin Boom

    Loved this headline from earlier in the week., especially when you consider the price of 1 Bitcoin has more than tripled in the last 12 months. $1530 today.

    Bitcoin plummets below $1500

    As a general rule the most successful man in life is the man who has the best information.

  12. #177
    Join Date
    Mar 2010
    Location
    heart of Europe
    Posts
    22,839

    Default Re: Bitcoin Boom

    This is quite telling

    "It took 7 years for the value of all cryptocurrency to hit $10 billion, another year to hit $20 billion & 3 more months to hit $40 billion"
    Also, Bitcoins share of the market is steadily declining

    Last edited by DCon; 07-05-2017 at 11:03 PM.
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

  13. #178
    Join Date
    Mar 2010
    Location
    heart of Europe
    Posts
    22,839

    Default Re: Bitcoin Boom

    Should we have a PW.org coin/token?
    Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. ~Oscar Ameringer

  14. #179
    Join Date
    Jan 2011
    Location
    Wash DC
    Posts
    7,515

    Default Re: Bitcoin Boom

    Quote Originally Posted by DCon View Post
    Should we have a PW.org coin/token?
    As my mother used scold me when I thought I had a bright idea: Why couldn't have had that idea years ago when it would have been even more useful?

    Hit $2,700 briefly today.

    https://www.worldcoinindex.com/coin/bitcoin
    As a general rule the most successful man in life is the man who has the best information.

  15. #180
    Join Date
    Jan 2011
    Location
    Wash DC
    Posts
    7,515

    Default Re: Bitcoin Boom

    Thru the roof this year, and this week.......

    Bitcoin went bananas. After tearing past $5,000 on Thursday, the cryptocurrency soared above $5,800 (paywall) during early trading on Friday. JPMorgan CEO Jamie Dimon, who told investors last month that bitcoin was a bubble “worse than tulip bulbs,” said yesterday he doesn’t want to talk about it anymore.

    Have your computer mine bitcoin, then become a citizen of Vanuatu the 4th happiest country in the world.........

    And finally ... Bitcoin has dodged everything from feuding factions splitting its underlying blockchain and warnings from the likes of JPMorgan Chase & Co. Chief Executive Jamie Dimon of fraud, and yesterday breached $5,000 for the first time, pushing this year’s gains to more than fivefold. Now the South Pacific archipelago of Vanuatu is letting outsiders use the volatile cryptocurrency to apply for so-called investment citizenship. As Sara Clemence reports, fork over the equivalent of about $280,000 and your family of up to four can receive passports — that means visa-free visits to 116 other nations, and no income, inheritance, or corporate tax


    As a general rule the most successful man in life is the man who has the best information.

Page 12 of 13 FirstFirst ... 210111213 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Share us
Follow Us