Category Archives: Bitcoin

Bitcoin Mining for Profit
How can you make money with BitCoin To Learn More Visit http://bit-club.net Make Money bitcoin currency Money in new york make money with bitcoin worldwide To Break it Down for you, Bitcoin...

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Bitcoin Mining for Profit - Video

Getting Started with LetsTalkBitcoin.com
Get set up at LetsTalkBitcoin.com with Adam B. Levine During this tutorial you #39;ll learn how to... * Registering for a free account * Creating a Free CounterWallet.io Bitcoin Wallet * How...

By: Let #39;s Talk Bitcoin!

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Getting Started with LetsTalkBitcoin.com - Video

UPDATED (10th February 2015, 3:30am GMT): Updated with comment from project manager Sarah Blincoe.

An event expected to involve the distribution of bitcoin to 70,000 residents of Dominica has been canceled.

Originally scheduled for 14th March, The Bit Drop was billed as an island-wide party that would include free giveaways and educational booths, alongside more eclectic fare such as fire dancing and musical acts.

The decision was confirmed by The Bit Drop Organising Committee, which cited country-specific logistical decisions as the reason for the cancellation.

A spokesperson indicated that the project is currently seeking to uncover ways it could move forward on its planned initiative, stating:

We are still passionate about bringing Let The Bit Drop to fruition and hope that we will be able to re-instate this pioneering project in the future.

The event was a joint venture between wealth management company Aspen Assurance, womens bitcoin interest group Bitcoin Beauties, bitcoin services provider Coinapult and the College Cryptocurrency Network.

Speaking to CoinDesk, members of the Coinapult team expressed their regret about the decision given the year-and-a-half of effort from the organising parties.

CEO Ira Miller explained that negotiations for the event broke down whenits hosts in the Dominica did not provide promised support.

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Plan to Distribute Bitcoin in Dominica Shelved

The Australian Securities and Investments Commission has issued a gag order to Melbourne-headquartered Bitcoin Group Limited ahead of the company's prospective initial public offering.

The corporate watchdog on Friday announced it had issued a stop order to prevent the company making public statements about an IPO on the ASX until it lodges a prospectus.

"ASICs concerns relate to publications posted by the company via a social media application 'Wechat' seeking expressions of interest from potential investors to subscribe for shares if there is a proposed listing on the Australian Securities Exchange," an ASIC statement said.

"The publications were made before Bitcoin Group Limited was registered as an Australian company by ASIC and before the lodgement of a formal disclosure document (e.g. a prospectus). ASICs understanding is that the company particularly targeted potential investors from the Chinese community."

ASIC described Bitcoin Group Limited as a Bitcoin miner. The company's website says it offers educational services and works "with a number of retail exchanges and OTC traders to provide procurement services, providing emergency liquidity when a larger than expected buy or sell order is beyond their capacity to service."

"ASIC will often review pre-prospectus advertising or publicity to ensure legal requirements are being met," ASIC Commissioner John Price said in a statement.

"This is because any statements made about a potential offer may influence the investment decisions of consumers who will not have the benefit of all material information that would be included in a prospectus.

"ASIC expects companies to be fully aware of their obligations regarding advertising or publicity that occurs before making a regulated disclosure document available to investors. If they do not observe these requirements, then ASIC will take necessary action so that investment decisions are made in a confident and fully informed environment."

ASIC said that normally a stop order would be published on its website and in fundraising documents lodged with it. However in this case ASIC issued a public media statement because no documents have been lodged with it yet.

Read more CoinJar launches Hedged Accounts for users to lock in Bitcoin prices

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Bitcoin Group runs afoul of ASIC over social media

Updated: 2015-02-16 07:29 By Eddy Li(HK Edition)

Last year, when Hong Kong set up its first Bitcoin ATM and a Bitcoin retail store, I wrote a commentary in this paper, "Treat Bitcoin with caution". This was to warn investors to exercise caution about investing in Bitcoin. Unfortunately, it didn't prevent a recent fraudulent incident. Earlier this month, Legislative Council member Leung Yiu-chung said that about 30 concerned clients of MyCoin, a Hong Kong-based Bitcoin trading company, complained to him that the company had absconded with funds from up to 3,000 investors, stealing HK$3 billion in the process.

The most controversial feature of Bitcoin remains the question of whether or not it is actually a currency. Bitcoin does have three useful qualities of a currency, according to an Economist article published in January 2015: They are "hard to earn, limited in supply, and easy to verify". While Bitcoin, to some extent, meets all these requirements - a store of value, a medium of exchange, and a unit of account, it is its volatility which becomes the most crucial factor in its acceptance. In this case, naturally, its price, or exchange rate, fluctuates based on how it is regarded. Thus if a country forbids Bitcoin transactions, the price drops dramatically. When another economy admits its legal status its price may skyrocket in a short time.

Consensus has yet to be reached as to whether Bitcoin should be a currency in different countries. As of 2014, this cryptocurrency was only illegal in Vietnam and Iceland. In December 2013, China's central bank took its first steps in regulating Bitcoins by prohibiting financial institutions from handling Bitcoin transactions. Within six months of this, the People's Bank of China stated that Bitcoins "are fundamentally not a currency but an investment target", and simultaneously ordered financial institutions to close Bitcoin trading accounts. As for Japan, it was not until the Tokyo-based Bitcoin exchange Mt. Gox filed for bankruptcy that the Japanese government decided to clarify its position on the digital currency. Tokyo said it did not consider Bitcoin a real currency. In other Asian countries, including South Korea, India, Thailand and Indonesia, attitudes toward Bitcoin are generally conservative: They firmly state that it is not a currency.

Nevertheless, the Western world seems to have different attitudes to Bitcoin. Germany and Canada have granted Bitcoin the legal status of a currency, while others have tended not to take a definite position. In the US, experts are working on drafting regulations to cover Bitcoin, but on one occasion the Federal Reserve suggested that people should take responsibility for their own risk when investing in this "convertible decentralized virtual currency".

It is possible that Bitcoin will be an internationally accepted currency in future. But so far it is merely an online payment system generated from "mining" - a computing process. Without any central bank or governmental backing, its value is determined only by the agreement of its users. This makes Bitcoin different from conventional currencies regarding undulation. Since its first real-world transaction in 2010, when a user bought 2 pizzas for 10,000 Bitcoins (valued at less than $0.01), it has peaked at $1250 with intermittent crashes and rebounds. Over the last year, the value of Bitcoin has dropped more than 50 percent.

Such instability has brought it to the attention of both investors and governments. Authorities in Hong Kong have repeatedly warned that Bitcoins are a high-risk investment. But judging from the recent case, such warnings are definitely not sufficient, especially when there are no existing laws regulating virtual currencies like Bitcoin. So the solution is regulation or prohibition.

Given that Bitcoin is an unprecedented financial concept, related regulation needs years to draft and refine. Governments and academics from different countries should work together to set up a generally accepted system of regulation. Until such time I suggest the Hong Kong government prohibits Bitcoin transactions through financial institutions - although individual investments should still be possible.

(HK Edition 02/16/2015 page10)

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SAR should prohibit Bitcoin transactions

Let #39;s Talk Bitcoin for the Befuddled - Let #39;s Talk Bitcoin Episode 181
https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-181-lets-talk-bitcoin-for-the-befuddled.

By: Let #39;s Talk Bitcoin!

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Let's Talk Bitcoin for the Befuddled - Let's Talk Bitcoin Episode 181 - Video

Do We Know Everything About Bitcoin?
I had a good laugh, internally with this one and thought I #39;d share it.

By: BackToConstitution

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Do We Know Everything About Bitcoin? - Video

Interview with Bitcoin Jesus - Roger Ver [EN]
http://bitcoinet.pl Producent: Daniel Haczyk Reporter: Mateusz Kocot.

By: bitcoinet

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Interview with Bitcoin Jesus - Roger Ver [EN] - Video

Bitcoin Shop Inc. (BTCS) Penny Stocks Trading - I am Long - Next AEMD 2.0 Technical Analysis 2-13-15
http://www.pennystockspayd.com.

By: PennyStocks Payd

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Bitcoin Shop Inc. (BTCS) Penny Stocks Trading - I am Long - Next AEMD 2.0 Technical Analysis 2-13-15 - Video

Bitcoin, tambin Bitcin[3] (signo: ; abr.: BTC, XBT[4] ) es una criptodivisa descentralizada concebida en 2009 por Satoshi Nakamoto. El trmino se aplica tambin al protocolo y a la red P2P que lo sustenta.

Las transacciones en Bitcoin se realizan de forma directa, sin la necesidad de un intermediario. Al contrario de la mayora de las monedas, Bitcoin no est respaldado por ningn gobierno ni depende de la confianza en ningn emisor central,[5] sino que utiliza un sistema de prueba de trabajo para impedir el doble gasto y alcanzar el consenso entre todos los nodos que integran la red.[6]

Bitcoin es un proyecto relativamente nuevo que se encuentra en evolucin. Por esta razn, sus desarrolladores recomiendan ser cautos y tratarlo como software experimental.[7]

Desde la dcada de 1970, la utilizacin de firmas digitales basadas en criptografa de clave pblica ha proporcionado un fuerte control de propiedad.[8][Nota 1] Sobre la base de la criptografa de clave pblica, en 1998 Wei Dai describe b-Money,[9] una solucin descentralizada al problema de pagos electrnicos. Posteriormente, Nick Szabo y Hal Finney extienden y complementan el trabajo de Wei Dai.

En 2008, Satoshi Nakamoto publica un artculo en la lista de criptografa de metzdowd.com donde describe el protocolo Bitcoin.[8][10][11]

El 3 de enero de 2009 la red P2P de Bitcoin entra en funcionamiento con la publicacin del primer cliente, de cdigo abierto, y la creacin de los primeros bitcoines. Hasta la invencin de bitcoin era obligado que todos los pagos en el comercio electrnico se canalizaran a travs de entidades centralizadas de confianza,[12] generalmente bancos y otras empresas financieras, que gestionaban el seguimiento de todas las transacciones.

Satoshi Nakamoto es el seudnimo de la persona o el grupo de personas que disearon el protocolo Bitcoin en 2008 y que crearon la red en 2009. En una conferencia de criptgrafos se apuntaron los nombres de Michael Clear y Vili Lehdonvirt, pero ambos rechazaron ser Nakamoto.[13] En abril de 2011, Nakamoto anunci su desvinculacin del proyecto para dedicarse a otras labores.[13]

Aunque existen monedas[14] y billetes fabricados por particulares y empresas, normalmente para poder comerciar con bitcoines se utilizan programas cliente,[Nota 2] que pueden ser aplicaciones nativas o aplicaciones web.

Las aplicaciones nativas[15][16] se instalan o se ejecutan directamente en ordenadores o en dispositivos mviles.[Nota 3] Tambin pueden ejecutarse automticamente cuando el usuario clica en un navegador web sobre un enlace que cumple con el formato del URI scheme de bitcoin segn la especificacin registrada en IANA.[17]

Bitcoin Core es el nico programa que implementa totalmente el protocolo, protegiendo la red, y se considera la referencia en la que se apoyan el resto de clientes existentes. Bitcoin Core necesita descargar completamente la cadena de bloques y almacenarla localmente, lo que puede llegar a tardar varios das. Su uso solo se recomienda para usuarios avanzados que deseen aportar a la estabilidad de la red.

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Bitcoin - Wikipedia, la enciclopedia libre