Bitcoin

  • Iterations: How Five Real Economists Think About Bitcoin’s Future

    Iterations: How Five Real Economists Think About Bitcoin’s Future

    There isn’t just a bubble in the Bitcoin economy, there’s a bubble in the number of posts about Bitcoin. I’ll pile on, even after this week’s mini-crash, but with a twist. A few weeks ago, I wrote some brief notes on what I thought about Bitcoin, but the over-arching feeling I had was that I couldn’t put my finger on what could become of this currency in the future. Read More

  • Gillmor Gang: Speculation, Music, Death

    Gillmor Gang: Speculation, Music, Death

    The Gillmor Gang — Kevin Marks, John Taschek, Keith Teare, and Steve Gillmor — spared no expense to bring you the finest in up-to-date tech commentary. In other words, we tore into Twitter Music, ignored Facebook Home, dissected the internals of AirPlay, and cashed our Bitcoin checks. Our attention is a zero sum game, and whether it’s West Wing or Twitter pointers into… Read More

  • Beyond The Bitcoin Bubble

    Beyond The Bitcoin Bubble

    A few months ago, while visiting a hacker friend’s magnificent new San Francisco loft, he gestured to a little alcove stuffed with server racks and said: “And over there are the Bitcoin mines.” I smiled and nodded, thinking, Oh, right, Bitcoin. Is that still a thing? Andy, if you’re reading this, I apologize. Is it ever, and how. Over the last few weeks the hype… Read More

  • Now Backed By Andreessen & More, OpenCoin Looks To Build A Better Bitcoin — And A Universal Payment Ecosystem

    Now Backed By Andreessen & More, OpenCoin Looks To Build A Better Bitcoin — And A Universal Payment Ecosystem

    Another day, another Bitcoin-related investment, and further affirmation that VCs are hungry to invest in the ecosystem surrounding the decentralized digital currency. Today, OpenCoin, better known as the developer of open source payment protocol, Ripple, announced that it has raised an undisclosed angel round from Andreessen Horowitz, FF Angel, Lightspeed Venture Parnters, Vast Ventures… Read More

  • Java Applet Attack Wipes Out Bitcoin Accounts On Mt. Gox

    Java Applet Attack Wipes Out Bitcoin Accounts On Mt. Gox

    The price of freedom, as they say, is eternal vigilance. A user called bitbully on the Bitcointalk Forums found himself 34 bitcoins poorer when he visited a site claiming to be a chat service connected with Mt. Gox, a popular bitcoin trading service. The site, wwwdotmtg(this is an o)x-ch(this is an a)tdotinfo (do not visit this site), apparently places a cross-site transfer order on the… Read More

  • Bitcoin Price-Drop Caused By Rush Of Interest, Not DDOS, Says Mt.Gox Exchange; Newcomers Now Opening ~20k Accounts Per Day

    Bitcoin Price-Drop Caused By Rush Of Interest, Not DDOS, Says Mt.Gox Exchange; Newcomers Now Opening ~20k Accounts Per Day

    The Bitcoin correction we wrote about yesterday was not caused by a DDOS attack on one of the largest Bitcoin exchanges, Mt.Gox, but rather by a massive spike in interest in the crypto currency, according to Mt.Gox. During trading yesterday the value of Bitcoin plummet by 60%, dropping from a high of $265 to around $150 (it has since climbed back up slightly, to around $180). Read More

  • Bitcoin Suffers A Correction Amid Apparent DDOS Attacks On Some Exchanges

    Bitcoin Suffers A Correction Amid Apparent DDOS Attacks On Some Exchanges

    Bitcoin is undergoing a classic correction after quintupling in price over the past 30 days. The currency, which was trading as high as $265 earlier today on Mt. Gox, plummeted and is now trading at around $150. We’ve reached out to one of the biggest exchanges, Mt. Gox, to see what happened. But another San Francisco-based exchange called TradeHill is saying that the crypto-currency… Read More

  • Coinsetter Lands $500K From SecondMarket Founder & Others To Help Bring Leverage, Shorting To Bitcoin Trade

    Coinsetter Lands $500K From SecondMarket Founder & Others To Help Bring Leverage, Shorting To Bitcoin Trade

    Today, Coinsetter, a New York City-based startup looking to launch a new Forex trading platform for Bitcoin, announced today that it has raised $500,000 in seed capital. The round was led by Tribeca Venture Partners and SecondMarket founder and CEO Barry Silbert (through his Bitcoin Opportunity Fund), with participation from angel investors like Jimmy Furland, a London-based technology… Read More

  • How To Mine Bitcoins

    How To Mine Bitcoins

    Mining bitcoins – a process that helps manage bitcoin transactions as well as create new “wealth” – is the new Beanie Babies. Luckily for us, however, bitcoins seem to be going up in value and should maintain their value over time, unlike your mint condition Tiny the stuffed Chihuahua. But how do you get bitcoins? You can begin by buying them outright, but the market… Read More

  • Bitcoin And The End Of Money

    Bitcoin And The End Of Money

    A commentator on Bloomberg, Princeton student Evan Soltas, writes that Bitcoin is an “existential threat to the modern liberal state,” a line that can be read in two ways. One reading of his op-ed suggests we are all in danger and that the inability to tax and track bitcoins will result in a thriving black market and reduced fiscal control that will be disastrous for all of us. Read More