Online Cash Bitcoin Could Challenge Governments, Banks

CoinLab: new brands will be built around Bitcoin technology.

-- Tom

 

Interesting. Any idea which company/retail bank it is, mentioned in the WiredMoney talk?

Also, what's your take on coming TH/s gulf of 28 nm ASICs, like from previously from linked Butterfly Labs (and KnC etc).
Evolutionary step or giant leap?

 

Not a clue as to which company/bank.

28 nm ASIC is 2010 technology. ASIC mfgrs are currently engaged in 14 nm ASIC FPGA - so, evolutionary.

-- Tom

 

Winklevoss twins create fund to trade Bitcoins on stock market.

Related articles:

The Winklevoss Bitcoin ETF Is An 'IQ Test' To See Who Will Be Separated From Their Money.

Why The Winklevii's Latest Venture Is Incredibly Stupid.

-- Tom

 

Malware Steals Litecoins, Bitcoin's Younger Sibling.

-- Tom

 

The Bitcoin Collapse Continues.

-- Tom

 

Bitcoin community reacts to Winklevoss public offering plans.

-- Tom

 

Primecoin: The Cryptocurrency Whose Mining is Actually Useful.

-- Tom

 

Africa's first Bitcoin wallet launches in Kenya.

Related articles:

One Third of Kenyans Now Have a Bitcoin Wallet.

In Kenya, Bitcoin linked to popular mobile payment system.

Kenyans Will Soon Be Able To Send Bitcoin By Phone.

-- Tom

 

Bitcoin sells out as big business moves in.

-- Tom

 

Too pricey... Too volatile and scares the crap of most legit investors.

You can try and sell anything of value with this currency and you risk getting pegged as organized crime or up to no good...

That's enough to scare a lot of people away. So the only ones left are the speculators and the sharks lurking for the quick kills, which will further scare the rest away rather quickly...

I think Bitcoin has a lot of potential, but it has a lot of work to do to increase it's public image. Not withstanding the quick run of the media's to decry it's association with Internet drug deals and other such pleasantries...

Then add to this that several "exchanges" got hammered by crooks and the law!
http://www.reddit.com/r/Bitcoin/comments/1b8mtn/the_largest_bitcoin_exchange_in_brazil_gets/
http://www.zerohedge.com/news/2013-05-15/us-government-begins-bitcoin-crackdown
http://blogs.computerworld.com/gov0...-reserve-domain-then-they-came-bitcoin-itbwcw

Risky... risky!

Here is a good birds eye view of a bitcoin transaction that displays pretty well how this all works for those not fully conversant.
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/05/20130512_BTC.jpg

This said, I love Bitcoins!

 

The Internet Archive rescues Bitcoiners from banking oblivion.

-- Tom

 

Can you spend a week without cash?.

-- Tom

 

Botcoin: Bitcoin Mining by Botnet by Brian Krebs at KrebsonSecurity.

-- Tom

 

Why the Only Real Way to Buy Bitcoins Is on the Streets.

-- Tom

 

Even if you buy for cash in person, there may still be links via surveillance etc. And you have no idea where those Bitcoins have been. If they were stolen, you might lose them at restrictive exchanges. So it's still prudent to anonymize via Tor clients.

 

Bitcoin ruled illegal in Thailand.

Related article: Thailand bans using Bitcoin in any way, local startup reports.

-- Tom

 

Khan Academy now accepts bitcoin donations! (using Coinbase).

-- Tom

 

Amid epic woes, Bitcoin’s largest exchange rolls out faster hardware.

-- Tom

 

Federal judge: Bitcoin, “a currency,” can be regulated under American law.

-- Tom

 

Bitcoin Startup ArtaBit Working On Cheaper Alternative To Western Union.

-- Tom

 

Coinlab to incubate Bitcoin startups.

-- Tom

 

Why bitcoins are more expensive in Argentina than the US.

-- Tom