Category Archives: Bitcoin

6:37 a.m. Oct. 5, 2015 - By Joseph Adinolfi

New York regulator grants banking charter to Winklevoss twins' bitcoin exchangeGemini Trust Co., the Bitcoin exchange founded by Cameron and Tyler Winklevoss, has been granted a banking charter by the New York Department of Financial services. The company is the highest-profile virtual-currency firm to receive a charter since the New York regulator issued a public order in March 2014 requiring certain virtual-currency exchanges to apply for such clearance. "We didn't apply for a BitLicense because we wanted to build an exchange that both Main Street and Wall Street could use and trust, so we decided to obtain a limited liability trust company charter in order to do so," said Tyler Winklevoss, chief executive officer of Gemini, in a company statement. The first charter was granted to itBit Trust Co. in May. In June, the regulator published its final rules outlining which virtual-currency companies must apply to the regulator for a so-called BitLicense allowing them to operate in New York state. It approved the first BitLicense, which involves a less stringent review process than does a charter, in September. Gemnini said its exchange will open for trading on Thursday. Regulators are applying greater scrutiny to virtual-currency companies. Last month,

9:30 a.m. Sept. 18, 2015 - By Mark DeCambre

Bitcoin is now officially a commodity, and some find that odd Cryptocurrency might even have the ingredients for a successful futures contractBit by bit, bitcoin is gaining in legitimacy. Each passing year has seen the digital currency garner more credibility in the world of finance.

2:11 p.m. Sept. 9, 2015 - By MarketWatch

Video: Bitcoin's blockchain technology explained in 2 minutesBitcoin continues to be a controversial digital currency. But the financial world is buzzing about new applications for the blockchain, the underlying technology that makes Bitcoin possible. Here's how it works.

11:52 a.m. Sept. 9, 2015 - MarketWatch

Visa, Nasdaq, others invest in Bitcoin startupWall Street is putting more money behind a technology it once dismissed as a fad. Some of the biggest companies in the financial sector have invested $30 million in Chain Inc., a San Francisco-based company that works with banks and other institutions to develop ways to trade and transfer financial assets using the system that underpins the virtual currency Bitcoin.

6:36 a.m. Sept. 2, 2015 - By Francine McKenna

Blythe Masters back in business with blockchain for banksMasters and her blockchain start-up get the profile treatment; ICE promotes its credit default swaps automated platform; Senate Democrats want the SEC to watchdog corporate political spending; Argentine central bank dictates local HSBC management change

12:30 p.m. Aug. 28, 2015 - By J. Cameron Morgan

How to create your family financial albumYou can use one simple school supply to get your financial house in order: a three-ring binder.

7:19 a.m. Aug. 28, 2015 - By Carla Mozee

Londons alternative cash turns shoppers into activists Just how easy is it to shop using alternative currencies?Alternatives to official money like the Brixton Pound have been springing up all over the globe. But how easy are they to use, and why do people use them?

7:51 a.m. Aug. 25, 2015 - By Jurica Dujmovic

6 services that make hackers rich Their skills are in high demandTheir skills are in high demand, says Jurica Dujmovi.

3:00 a.m. Aug. 18, 2015 - By Joseph Adinolfi

Some digital-currency startups are fleeing New York 15 exchanges block N.Y. state IP addressesAt least 15 digital-currency exchanges are blocking New York state residents from accessing their servicesand at least one that was founded in New York City has packed up and movedinstead of complying with new regulations.

11:03 a.m. Aug. 5, 2015 - By Matthew Lynn

Gold wont have been tested until the crap really hits the fan Nothing too awful has happened yet in Greece, China, UkraineGold hasnt fulfilled its role as a safe haven during the latest crises, but we havent had a real crisis yet, says Matthew Lynn.

8:47 a.m. Aug. 1, 2015 - By Silvia Ascarelli

Former head of Mt. Gox bitcoin exchange arrested in TokyoThe man who ran the now-collapsed bitcoin exchange Mt. Gox was arrested in Tokyo on Saturday, according to numerous press reports. Japanese police allege Mark Karpeles accessed the exchange's computer system and inflated his dollar account by $1 million. If found guilty, he could face up to five years in prison or be fined about $4,000. Karpeles denies wrongdoing, his lawyer said. Mt. Gox once accounted for 80% of all bitcoin trading. In early 29014, it blamed hacking attacks and software glitches for the loss of 850,000 bitcoins, worth about $500 million at the time. It filed for bankruptcy protection soon after.

7:03 a.m. July 31, 2015 - By Francine McKenna

Sheila Bair quits board of largest Spanish bankBair quits Santander board; Obama administration asks Supreme Court to look at insider trading decision; Influential central banker group says bank pay must support stronger ethics; Clintons defend apparent quid pro quo in UBS IRS settlement;

6:59 a.m. July 22, 2015 - By Victor Reklaitis

Goldmans Currie expects gold to fall under $1,000Gold on Wednesday is suffering through its 10th down day in a row, and plenty of the yellow metals detractors have been speaking up lately. Now Jeffrey Currie of Goldman Sachs has made fresh downbeat comments on gold.

5:42 a.m. July 22, 2015 - By Francine McKenna

SEC penny-stock scam charges may be related to J.P. Morgan computer hackThe New York Times ties SEC charges to additional criminal arrests and possibly the banks data theft

1:42 p.m. July 21, 2015 - By Christopher M. Matthews

U.S. charges five in cases connected to J.P. Morgan hack Four arrested in Florida and Israel while a fifth person is at largeFive people were charged Tuesday in connection to a cyberattack on J.P. Morgan Chase & Co. last year.

6:10 a.m. July 21, 2015 - By David Weidner

Why gold is falling and wont get up again The precious metal will rally again, but not with the same glitterThe precious metal will rally again, but not with the same glitter, writes David Weidner.

6:36 a.m. July 15, 2015 - By Robert J. Shilller

Markets still arent close to being perfectly efficient Financial singularity is a mirage, says Robert ShillerDespite advances in big data and powerful computers, markets are no closer to being perfectly efficient than ever, writes Robert Shiller.

10:55 a.m. July 10, 2015 - By Therese Poletti

Creator of surging Reddit rival Voat: We will avoid same mistakes Tiny forum Voat hopes to avoid Reddit issues, creator saysVoat, a small social news and forum site that promises no censorship, has become a refuge for angry Reddit users, but the sites creator tells Marketwatch he plans to avoid the mistakes made by others, including the so-called front page of the Internet.

Bitcoin Investment Trust started at outperform with $40 stock price target at Wedbush

3:11 a.m. July 10, 2015

9:06 a.m. July 9, 2015 - By Therese Poletti

Is Ellen Pao snafu beginning of Reddits end? Opinion: Popular forum at risk of losing luster like many beforeEllen Pao, the poster child of sexism in Silicon Valley, is at the center of yet another controversy, this time in her role as interim chief executive of the popular discussion forum Reddit. The mess begs a few questions, but most importantly, does the clash between the company and its community mark the beginning of the end of one of the most popular online forums?

9:26 a.m. July 8, 2015 - By Joseph Adinolfi

Bitcoin price spikes after NYSE trading was haltedThe price of a bitcoin spiked Wednesday soon after trading on the New York Stock Exchange was halted because of a technical glitch. One bitcoin was trading just below $268 when trading was halted at 11:32 a.m, according to the Coindesk bitcoin index, a bitcoin-price aggregator. It quickly shot up to a session high of $272.26 before trimming its gains slightly. The exchange has said that trading was halted because of a technical glitch. It has yet to resume. Bitcoin was up slightly on the day ahead of the halt. It was last up 1.9% on the day.

12:41 p.m. July 2, 2015 - By Priya Anand

5 ways to save on your 4th of July barbecueHow to save this 4th of July, and what to drink.

7:01 a.m. July 2, 2015 - By Francine McKenna

For Greece, bitcoin is more talk than realityGreeks not flocking to first bitcoin ATM but promoters have planted the flag

6:26 a.m. July 2, 2015 - By Joseph Adinolfi

The technology behind bitcoin is being used in surprising waysEntrepreneurs and established companies are exploring how they can adapt the blockchain, the decentralized ledger that runs bitcoin, for other purposes. But there are still obstacles to widespread use.

11:00 p.m. June 30, 2015 - By Matthew Lynn

The real losers from a Greek exit wont be in Greece Greece will be fine, but the EU, the IMF, Angela Merkel will never live this downWhen the moment comes for Greece to leave the euro, the Greeks will be fine. The big losers will be the big official European institutions that bungled the crisis, says Matthew Lynn.

2:01 a.m. June 25, 2015 - By Kabir Sehgal

These bitcoin tunes will get you grooving to the cryptocurrency beat Bitcrooners sing the praises of alternative money exchangeColumnist Kabir Sehgal takes note of three bitcrooners who are spreading the bitcoin gospel in song.

3:38 a.m. June 16, 2015 - By Deborah Gage

Kleiner Perkins launches new seed fund to lure youthFund will invest in areas of technology including drones and virtual reality.

5:13 p.m. June 5, 2015 - MarketWatch.com

New fund makes it easy to trade bitcoins but it aint cheapThe exchange-traded Bitcoin Investment Trust trades at a 34% premium to NAV and carries a 2% annual fee.

4:32 p.m. May 19, 2015 - MarketWatch.com

Taking another bite out of bitcoinBlockchain, a public ledger of bitcoin transactions, is creating new alternative investment opportunities.

4:53 a.m. May 19, 2015 - By David Weidner

Look whos killing the great chiefs of Wall Street Technology will do to banking what Uber has done to taxisFinancial technology startups want to digitize just about every service Wall Street provides, writes David Weidner.

12:07 p.m. May 18, 2015 - By Joseph Adinolfi

Bitcoin just reached another milestone in its road to legitimacyBitcoin reached an important milestone Monday as it is the worlds first regulated security tied to the value of the cryptocurrency started trading on an exchange in Stockholm.

8:04 a.m. May 13, 2015 - By Sally French

Emojis are the new way to pay at Dominos You can now order a Dominos pizza by simply tweeting a pizza emojiDominos Pizza on Tuesday announced a tweet-to-order system, allowing U.S. customers to tweet a pizza emoji to place their order.

5:13 a.m. May 11, 2015 - By Shawn Langlois

One pundits stock-market top is anothers crude-oil bottom Critical intelligence before the U.S. market opensAs one bull run winds down, perhaps another is born. Heres why last weeks stock-market drop may be a taster of a bigger correction to come.

8:42 p.m. May 10, 2015 - By Bradley Hope

Bitcoin technology gets Nasdaq testNasdaq OMX is testing a new use of the technology that underpins the digital currency bitcoin, in a bid to transform the trading of shares in private companies, reports The Wall Street Journal.

4:05 a.m. April 30, 2015 - By Barbara Kollmeyer

Heres the wild card for a Fed hike this year Critical information ahead of the U.S. markets openThe dollar blowout continues this morning, and if this keeps up, it will help an interest-rate hike happen later this year, says Morgan Stanley. But thats also a real wild card.

7:01 a.m. April 7, 2015 - By Steve Goldstein

Rand Paul taking bitcoin donationsIn what appears to be a first for a presidential campaign, Rand Paul is accepting donations made in bitcoin.

6:00 a.m. March 31, 2015 - By Myra P. Saefong

This digital currency has an unusual gold spin Anthem Vault plans to launch the HayekCoin in MayAnthem Vault readies the launch of a large-scale digital currency backed by gold.

8:53 a.m. March 30, 2015 - By Robert Schroeder

Justice Department charges ex-federal agents with bitcoin money launderingWASHINGTON (MarketWatch) -- The Justice Department charged two former federal agents with wire fraud and money laundering related to stealing digital currency during their investigation of the Silk Road, a now-defunct online black market. The department said Monday that former agents Carl Force and Shaun Bridges were assigned to the Baltimore Silk Road Task Force, and that Force was arrested March 27. Bridges surrendered Monday. The Justice Department said Force used fake online personas and engaged in bitcoin transactions to steal from the government. Bridges allegedly diverted to his personal account more than $800,000 in digital currency, DOJ said.

11:57 a.m. March 23, 2015 - By Michael J. Casey

Nasdaq to provide trading technology for bitcoin marketplace New York-based startup Noble Markets says Nasdaqs involvement should dispel investor concernsNasdaq OMX Group agrees to provide New York-based startup Noble Markets with the technology to power a new marketplace to trade bitcoin and related digital-currency assets.

6:02 a.m. March 10, 2015 - By Michael Casey

Secretive bitcoin startup 21 reveals record funds, hints at mass consumer play21 says it has raised $116 million in venture funding, the most by a startup in the digital-currency sector.

Continued here:
Bitcoin - MarketWatch.com Topics

Dutch National Police Set Sights on Blockchain-Based Cloud Services View more How the Hunt for Satoshi Turned Dorian Nakamotos Life Upside Down: the Inside Story View more Bitcoin Used to Pay Utility and Credit Card Bills in the Philippines and Australia View more Building a Risk Market for the Digital Age Using Bitcoin View more WEF Survey Predicts Bitcoin 'Tipping Point' Happening By 2027 View more Australian Startups Close Down as Banks End Support for Bitcoin View more Beyond Bitcoin: How the Blockchain Can Power a New Generation of Enterprise Software View more R3 Blockchain Development Initiative Grows to 22 Banks Worldwide View more The Decentralist Perspective, or Why Bitcoin Might Need Small Blocks View more Everything You Need to Know about the Proposed Changes to the Bitcoin Block Size Cap View more Gavin Andresen on the Block Size: Its Hard to Find a Signal above All the Noise View more Bitcoin XT Big Block Fork Spurs Debate and Controversy View more Transaction Remote Release, a Tor-Inspired Proposed Change to Bitcoin Protocol for Anonymous Transactions View more Vaultoro Seeks to Provide a Store of Value to the Underbanked World Using Gold and Bitcoin View more Bank of America Files Patent Application for Cryptocurrency-Mediated Wire Transfers View more Bitcoin Tracker One ETN Offers Liquidity to European Investors View more NeuCoin Launches a New Digital Currency for Online and Mobile Gaming View more Digital Currency Derivatives Exchanges Prepare for Regulation after CFTC Bitcoin Ruling View more Nine Top Global Banks Pool Resources to Fund R3 to Develop Digital Currency Standards View more UBS to Develop Yet Another Permissioned Blockchain for Banks View more Blythe Masters and Wall Street Opt for Permissioned Non-Bitcoin Blockchains View more Nick Szabo on Permissioned Blockchains and the Block Size View more Bitcoin Derivatives Company LedgerX Appoints Ex-CFTC Commissioner Wetjen to Board View more Bitcoin Hardware Wallet KeepKey Launches and Begins Shipping View more Three Bitcoin Finalists Vie for BBVA Open Talent Competition Honors in Barcelona View more Australian Regulators Investigating Banks for Closing Accounts of Bitcoin Companies View more Bank of England Chief Economist: Blockchain-based Digital Currency Issued by Central Banks Could Replace Cash View more Sig3 Launches an Automated Policy-Based Transaction Cosigner for Multisig Bitcoin Transactions View more BitGo Processes Over $1 Billion in Bitcoin Transactions in Third Quarter View more Storj Network Passes 1 Petabyte Storage Space View more Bitcoin and Gold Exchange Vaultoro Reaches $1 Million in Gold Trading Volume View more

Read more from the original source:
Bitcoin Magazine | Bitcoin and Cryptocurrency News

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

If you are new to Bitcoin, check out We Use Coins and Bitcoin.org. You can also explore the Bitcoin Wiki:

How to buy bitcoins Buy Reddit Gold using bitcoins!

Will I earn money by mining? Security guide

(Sorted roughly by decreasing popularity.)

chat.freenode.net #bitcoin

Bitcoin Forum Bitcoin Stack Exchange

Bitcoin Core is the the backbone of the Bitcoin network. Almost all Bitcoin wallets rely on Bitcoin Core in one way or another. If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core. You can also use Bitcoin Core as a very secure Bitcoin wallet.

The CSS used by this subreddit is the Erdune Theme modified by /u/Annihilia and /u/konkedas .

Logo design by /u/Annihilia. Check out his other work here.

Ad campaign:

We previously collected donations to fund Bitcoin advertising efforts, but we no longer accept donations. The funds already donated will be spent on some sort of advertising, as intended. (10.35799117 BTC spent so far.)

Visit link:
Bitcoin Reddit

Buying actual bitcoins has proven dangerous, to say the least. Just look at the unbelievable turbulence in Bitcoin prices -- the currency's value shot up 6,000% in one year before collapsing in value -- and the alleged fraud at the Mt. Gox Bitcoin exchange that led many investors to lose money.

In theory, an exchange-traded fund, or ETF, that mirrors the price of Bitcoin would offer a somewhat safer alternative. Think: something akin to SPDR Gold Shares ETF (GLD), which tracks gold prices.

But no Bitcoin ETFs have been created. An effort by the twins Cameron and Tyle Winklevoss to do just that has been waiting two years to receive approval from regulators. The Securities and Exchange Commission is still trying to figure out how to define and oversee Bitcoin.

This week, ARK Investment Management announced a full embrace of the digital currency. Its ARK Web x.0 ETF (ARKW) became the first ETF to invest in bitcoins.

"Current prices present an attractive entry point for our investors," Cathie Wood, ARK's founder and chief investment officer, said in a statement.

But before taking a leap, it would be smart to read the fine print of the ETF, which trades under the ticker symbol "ARKW."

First, it's not a pure play on Bitcoin. Even though it announced the Bitcoin play, the ETF is actually an investment in what it calls disruptive technologies. The crypto currency represents just a slice of its holdings, packaged along with Netflix (NFLX, Tech30), LinkedIn (LNKD, Tech30) and athenahealth (ATHN), a cloud-based provider of electronic health records.

Related: Chinese gamblers are all about Bitcoin trading

It's investing in pink sheet security, not actual Bitcoin

Second, the ARK ETF is not actually investing directly in bitcoins. It's buying shares of something called the Bitcoin Investment Trust. Most people haven't even heard of that.

That trust started trading in May on the pink sheets under the ticker symbol "GBTC." It's got a market valuation of under $40 million and very little trading volume.

The pink sheets, also known as the over-the-counter market, provide less transparency and oversight from regulators. They're like a Wild West alternative to the New York Stock Exchange and Nasdaq.

"Pink sheets are where most investors aren't willing to tread," said Matt Hougan, CEO of ETF.com, a research firm.

GrayScale, which sponsored the Bitcoin trust, defended the decision to list on the pink sheets and noted that a number of major foreign companies such as Adidas (ADDDF) and Roche (RHHBF) list their U.S. shares there.

Related: Winklevoss twins say Bitcoin will explode beyond $1 trillion

Spotty track record at mirroring Bitcoin

Another problem is that the investment hasn't really mirrored the price of Bitcoin, which defeats the purpose. At times the trust's shares have spiked or surged -- even though underlying Bitcoin prices were relatively calm.

"You're not really getting Bitcoin here. You're getting a Bitcoin derivative that kind of tracks the price of Bitcoin -- but not really well," said Hougan. "There are a bunch of leaps of faith in that chain of command."

The ETF company brushed away these concerns, suggesting that price volatility is actually a good sign.

Another risk for the investment is regulatory. The trust warns investors in disclosure documents that its future may be jeopardized by looming regulation from the SEC.

Related: Former fed in Silk Road case stole $820,000 in bitcoins

Bitcoin is not for the faint of heart

All of this is on top of the inherent risk that goes into investing in anything that has volatility of Bitcoin.

Founded in 2009, Bitcoin burst onto the financial scene this decade as investors looked for an alternative to traditional currencies. Prices skyrocketed more than 6,000% in 2013 before peaking at nearly $1,250.

And then prices collapsed, losing two-thirds of their value last year alone. While Bitcoin has actually calmed down a lot lately, it's still down 27% this year to $230 apiece.

Related: Greeks rushed to Bitcoin as Grexit loomed

CNNMoney (New York) September 18, 2015: 11:53 AM ET

Read the rest here:
There's a new way to invest in Bitcoin -- But buyer beware ...

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

If you are new to Bitcoin, check out We Use Coins and Bitcoin.org. You can also explore the Bitcoin Wiki:

How to buy bitcoins Buy Reddit Gold using bitcoins!

Will I earn money by mining? Security guide

(Sorted roughly by decreasing popularity.)

chat.freenode.net #bitcoin

Bitcoin Forum Bitcoin Stack Exchange

Bitcoin Core is the the backbone of the Bitcoin network. Almost all Bitcoin wallets rely on Bitcoin Core in one way or another. If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core. You can also use Bitcoin Core as a very secure Bitcoin wallet.

The CSS used by this subreddit is the Erdune Theme modified by /u/Annihilia and /u/konkedas .

Logo design by /u/Annihilia. Check out his other work here.

Ad campaign:

We previously collected donations to fund Bitcoin advertising efforts, but we no longer accept donations. The funds already donated will be spent on some sort of advertising, as intended. (10.35799117 BTC spent so far.)

Link:
Bitcoin /r/Bitcoin - reddit

LATEST ARTICLES

A charity called Targetedhelp.org is now accepting Bitcoin. The nonprofit forged by John Strong is working with BitPay to help the rural poor in the isolated mountains of the Sierra de Zongolica and the urban poor of nearby Orizaba....

In the recent events surrounding the sentencing ofRoss Ulbricht, and with the clear and blatant corruption with the Silk Road investigation, some members of the Bitcoin.com team have decided to take action. Many of us involved Bitcoin and libertarian...

Purse.io is a great way to buy goods from Amazon at a discount, while using Bitcoin. People who are looking to buy Bitcoin through Purse.io can do so by using convenient payment methods, including credit cards. Despite the likelihood...

Within the news of the mainstream media one would think the digital currency Bitcoin is dead. With the arrest of the so called CEO, Mt. Gox founder, Mark Karpeles and the low price of the currency right now they'd...

Scotland could soon be creating its own digital currency to operate alongside its national currency the sterling pound. Economists have been suggesting the Scottish government to consider launching its own digital currency and making it operate alongside the sterling...

Bitcoin Group, the Australia-based bitcoin mining business,has become a digital currency initiative to list on the Australian Securities Exchange (ASX). Being the first IPO of its class, the company is ecstatic to set a precedent. Initially, the company had...

The name Blythe Masters is well-known in the Bitcoin community. Blythe Masters is a former JP Morgan Chase & Co. executive, who currently runs a blockchain startup company called Digital Asset Holdings, LLC. Quite the change from filling the...

Omni Layer, the initiative to build a protocol layer over the Bitcoin blockchain and other systems, is a pretty intense project. The software allows users to transact with tokens with asset representations. Omni has so many versatile uses that...

Finding a payment solution, or even a currency, that works in identical fashion regardless of where it is used, is all but impossible these days. Nearly every country has its local fiat currency, and exchange bureaus make fortunes converting...

Bitcoin and free speech should go hand in hand, but not all internet-based platforms are planning to let just anything slip by without repercussions. While there is a certain need to tone down user comments and discussions at times,...

Excerpt from:
News - Bitcoin News

Bitcoin and free speech should go hand in hand, but not all internet-based platforms are planning to let just anything slip by without repercussions. While there is a certain need to tone down user comments and discussions at times, publicly censoring Bitcoin discussions because moderators can, is taking things a few steps too far. By the look of things, the Bitcoin subReddit is undergoing some moderator changes for the umpteenth time.

Also read: In Depth Interview With Lyn Ulbricht: Family, Activism, and Justice

It is a public secret that the level of free speech over at the Bitcoin subReddit is only extending to a select few posters, whereas everyone else will regularly see posts downvoted or deleted without obvious reason. These shenanigans have been going on for quite some time, and despite public outrage from the Reddit community, things are getting progressively worse.

Users are being shadowbanned left, right, and center on the Bitcoin subReddit, simply because their opinions do not match those of the moderators in charge. Furthermore, the recent heated debate on Bitcoin Core and Bitcoin XT development caused more shadowbans in a week compared to the total amount of bans issued for as long as the subReddit exists.

While there is a clear need for moderation on the Bitcoin subReddit at certain times, restricting free speech altogether is not the right course of action. Several moderators, who are often labeled as Theymos lackies or even Theymos cronies are always at the forefront of controversial bans, post removals and downvoted comments.

There was a sliver of light at the end of this long and dark tunnel, as some of the older moderators started being more active on the Bitcoin subReddit. Unfortunately, not all of them are being kept around for too long, depending on how well they behave in terms of siding with other moderators. Some people like to kiss ass, whereas others do not, this is simply the way the world works today.

Should an /r/Bitcoin moderator find himself in the latter category, chances are very real to see moderator status being taken away by Theymos himself. A recent post on Reddit, started by user hardleft121, details how his moderator privileges were taken away by Theymos. Admittedly, hardleft121 also indicates this wasnt exactly what he had expected, as he felt he did not pull his weight. But what is most important: hardleft121 clearly states being a moderator on this subReddit is far from fun.

In a clear show of disrespect, Theymos decided to remove moderator privileges from a loyal Reddit contributor who even donated Bitcoins to clean up this mess in the first place. This is not the first time Bitcoin funds is being poorly managed by Theymos and his group of thugs, as he is sitting on a lot of Bitcoins originally contributed to the Bitcointalk forums for upgrades and expansion. Neither of those has happened in an effective manner, despite minor tweaks over the years.

A large part of the Bitcoin Reddit community recognizes hardleft121 as one of the true spirits of what this subReddit should have been. However, the reality is a far cry away from what /r/Bitcoin should be all about, as moderators enforce people to push the agenda of Theymos, rather than creating an open platform where free speech reigns supreme.

The worst part about this whole ordeal is how moderators are removed without prior warning. One day, a /r/Bitcoin moderator wakes up, logs into Reddit, and sees a message saying they have been removed from the team. No warnings, no further explanation, nothing at all. Being kicked to the curb is a saying that comes to mind rather quickly.

This is not the first time the Bitcoin subReddit is under scrutiny by the Bitcoin community. Just a few weeks ago, censorship started rearing its ugly head once again, as Theymos and consorts started removing any posts related to Bitcoin XT. While the /r/Bitcoin moderators are entitled to their opinion, they should by no means enforce it upon the entire Reddit community.

What are your thoughts on the old guard of /r/Bitcoin moderators being removed from power? Let us know in the comments below!

Source: Reddit

Images courtesy of Reddit, Shutterstock, Theplanetd

View original post here:
Respected /r/Bitcoin Moderators Being Removed By Theymos

Getting Started 2. Bitminter client: Hit the start button to start Bitminter client. You get bitcoins for the work it does. Works on Windows, Linux and Mac. Requires updated Java.

Other clients: bfgminer, cgminer, etc. Connect to the pool at stratum+tcp://mint.bitminter.com:3333. As user name put your Bitminter user name, an underscore, then a worker name, e.g. DrHaribo_asic3. In case you have firewall issues, port 443 and 5050 (Stratum) are also available. There is no password check, any password is accepted.

Your work is recorded in shifts. When we create a new block you get a share of the income proportional to how much of the work in the last 10 completed shifts is yours. This reward system is known as PPLNS with shifts. There is a 1% fee on mining income. Additional donations are optional but will unlock various perks.

Not only new coins are paid out but also income from transaction fees. To increase income further we also generate namecoins, which take no extra effort. You can read more about namecoins at namecoin.info.

Bitcoin is a digital currency. You can use bitcoins to pay for goods and services and there are exchanges where you can buy and sell bitcoins. There is no central bank and anyone can make new coins. Coins are created at a controlled rate and there will never be more than 21 million coins. Watch this video for an introduction:

See original here:
Bitminter - bitcoin mining pool

salimkhan215: this is the end my friends, we all gonna be poor forever, global poverty

Birddog: can we get a 5 minute pause?

CerebralEdge: sub 1300

katarbit: trollbox lag is the best panic indicator

CaptainClaw: We can have a minutes silence for bitcoin, who died today.

salimkhan215: ...

Ghepetto: clear

latch: looks like I joined in 2013

CerebralEdge: "and here lies bitcoin, preceded by noone, may his life be remembered for all the pain it caused trolls"

dxchid: 0-0

tannu_tuva: if I was a whale my dick would be hard as a rock right now

katarbit: bitcoin didnt die yet its on life support

CaptainClaw: You all disgust me.

Blackfriar: lol

Mewtwo: I agree with CaptainClaw

dxchid: CaptainClaw, But me the most, right?

salimkhan215: whales dont have dicks

nsalekz: Time for a dive

CerebralEdge: ded

CaptainClaw: dxchid, I expected more from you.

dxchid: yay!

Birddog: buy bitcoin they said, it will make you rich they said

salimkhan215: $195 incoming, this is the best night ever

CaptainClaw: the moon they said

katarbit: whales are doing the farts bubbles of joy

latch: salimkhan215 they have the biggest ones

latch: big as a car

Azaramus: Birddog, depend what side your on

CaptainClaw: The moon was just a lie we came up with to trick the noobs

bitcoinminer2012: giant whale dorks for everyone

Birddog: it will be as revolutionary as the Segway they said

Azaramus: buy cheap sell high or buy high sell low '

LiteCoinsOutlook: Bitcoin is the new Segway lmao

salimkhan215: i keep selling bitcoin but they keep selling it back to me

dxchid: CaptainClaw, You always troll hard. I will try harder. You're right.

KenCurtis: Whales have mudd butt

CerebralEdge: its only cheap until its cheaper

maxcarjuzaa: once this little thing starts to go up it will go up fast! but in the meantime it could go really low

jteg86: its reached low

bitcoinminer2012: let's play btc limbo

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BTC-E | Bitcoin Exchange, Namecoin Exchange, Litecoin ...

Major Magazine Publisher to Accept Bitcoin Payments

Time Inc., publisher of e. g. for People, Sports Illustrated, InStyle and Time, now accepts bitcoin as a payment.

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It can be used to buy apps, games, and other digital content from Windows, Windows Phone, Xbox Games, Xbox Music, or Xbox Video stores. Be aware, that Money added to the Microsoft account using Bitcoin cannot be refunded.

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Mozilla, the community behind Firefox and Thunderbird, now accepts Bitcoin donations.

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PayPal does first steps for a integration of bitcoin.

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The Wikimedia Foundation now accepts Bitcoin. They will work together with coinbase.

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The German Newspaper "taz", also called "die tageszeitung", now accepts Bitcoins as donations. All the content on taz.de/ is available for free, based on their model of donations. So far, more then 10 BTC got donated, which is a lot, compared to the approx. 10 000 donations (in German), received in June.

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Latvian airline airBaltic has become the worlds first airline to accept Bitcoin as payment for its tickets to 60 destinations in Europe, Middle East, Russia and the CIS.

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Dell is now accepting bitcoin payments from consumers and small business shoppers across the U.S. for all items available on Dell.com, including the Alienware line of products.

read more (via http://en.community.dell.com/dell-blogs/direct2dell/b/direct2dell/archive/2014/07/18/we-re-now-accepting-bitcoin-on-dell-com.aspx)

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