Online Cash Bitcoin Could Challenge Governments, Banks

Mining Bitcoins takes power, but is it an “environmental disaster?”.

-- Tom

 

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

-- Tom

 

Bitcoin Isn’t the Only Cryptocurrency in Town.

-- Tom

 

Big-Name Investors Back Effort to Build a Better Bitcoin.

-- Tom

 

The Well Deserved Fortune of Satoshi Nakamoto, Bitcoin creator, Visionary and Genius.

-- Tom

 

The Bitcoin Money Myth.

-- Tom

 

Bitcoin exchange Bitfloor closes, gives its users their money back.

-- Tom

 

Bitcoin, Energy and the Future of Money.

-- Tom

 

Largest Bitcoin Exchange, Mt. Gox, 'throttles' Trading to Tame Price Swings.

-- Tom

 

I heard that the Winklevoss twins made a fortune with Bitcoins. Now there's foresight for you....

 

And from majorgeeks.com comes this today...

Bitcoin mining

Heard of Bitcoin? Well, it's still in the news, but not for any of the right reasons. Back on April 10th, Bitcoin was going for $263.79 but has since fallen to just over $100. Bitcoin is the new digital currency which is generated by software solving computationally difficult problems. Bitcoins are exchangeable for real-world currencies like the US dollar.

Since 2011, malware threats have been trying to steal bitcoin miners, one even trying to hide itself as a Trend Micro component. Bitcoin exchanges have been hit with Denial of service attacks. The criminals often try to use infected machines for bitcoin mining, costing the unaware user with increases in their electric bill as the mining often requires extreme computing. Graphics cards can be used for high-volume Bitcoin mining. The miners that are used by malware, however, currently take advantage only of an affected system’s CPU, not its graphics. A computer with one of these GPU-capable miners would be equivalent to dozens of ordinary machines.
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Well,......sort of!
At the peak of the Bitcoin boom – the twins were truly worth a fortune! Now, after the crash – not anywhere near what they were worth – but still smiling!

 

Inside the Race to Build the World’s Fastest Bitcoin Miner.

-- Tom

 

Bitcoin’s Big Problem.

-- Tom

 

While Everyone Stopped Paying Attention, Bitcoin Went On Another Insane Surge.

At $158, 52 minutes ago from this posting.

-- Tom

 

Bitcoin has obviously attracted the attention of some with real money, and they are pumping and dumping. Market value will have to grow about 100-1000 fold before that damps out, I suspect.

 

High-volume Bitcoin exchanges less likely to fail, but more likely breached, says study.

-- Tom

 

Bitcoin Dealers Are Running Into Problems In Canada.

-- Tom

 

Potent DDoS attacks on Mt. Gox delay rollout of new virtual currency.

-- Tom

 

This is an interesting article from The Guardian about Bitcoins being used in Berlin by local traders

-http://www.guardian.co.uk/technology/2013/apr/26/bitcoins-gain-currency-in-berlin

It'd be great if Bitcoins were used more commonly in this way.

 

The Flaw that May Bring Down Bitcoin or Change it Forever.

-- Tom

 

That is very strange.

I've read before about the "very many very small transactions" problem, but not that they're encoding data. So are there apps for finding and decoding data streams?

 

I agree - very strange!

From the Bitcoin wiki, there is a link to Software that may indicate some open source Bitcoin client related apps, but I have not looked to specifically answer your question.

According to the article, it is the bitcoin addresses that are being spammed which apparently cannot be verified.

-- Tom

 

Hackers Are Trying To Create An Untraceable And Comprehensive Financial System Using Bitcoin.

Very interesting ideas!

-- Tom

 

The decoder is also in the blockchain.