Category Archives: Bitcoin

Bitcoin is used as a currency in some stores, even though it doesnt have the backing of a central bank or government.

Bitcoin has come a long way, from a mysterious and controversial crypto-currency to a widely known medium of exchange.

Although faced with occasional challenges (such as the MtGox bitcoin heist, Silk Road incident or Chinas regulatory stance), the bitcoin community remains unshaken, showing a surprising amount of resilience and trust in the digital currency.

As time passed, many new altcoin variants (alternatives to bitcoin) have sprung to life, the most notable of which are Litecoin and Peercoin. Litecoin is advertised as faster and more efficient, and Peercoin uses the concept of proof-of-stake, which means you gain Peercoins based on the amount of the currency you hold and not on your computers processing power, as is the case with bitcoin.

Bitcoin this year gained enough momentum to become a market-disrupting force. More than 60,000 businesses now accept the currency (Dish Network DISH, +1.33% joined in August), and the value of venture-capital investments made in bitcoin jumped 28% in the second quarter from the first quarter.

So what will be the trends, and challenges, in the years ahead?

Bitcoin may become a new Western Union: This is what one Reddit user said:

Bitcoin and Circle just solved my remittance problem. I live in Belarus, people. I receive my salary here, in a local bank account tied to a debit card in U.S. dollars. One of my big problems is transferring my salary back to my U.S. account with minimal fees so that I can make payments on student loans and such.

With Circle, I can now send any amount of money to my Coinbase account to be withdrawn to my local bank account with negligible transaction fees. This is a game changer, folks. I dont care if bitcoins value drops to $0.10; its now the only way Im going to be transferring money.

Alternative currencies are disrupting the way money transfer is handled worldwide. With services like Circle, money transfers are now becoming instant, secure and free as they should be.

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Your Digital Self: Why youll finally be using bitcoin soon

Codius - Beyond Bitcoin Episode 20
http://letstalkbitcoin.com/blog/post/beyond-bitcoin-20-codius.

By: Let #39;s Talk Bitcoin!

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Codius - Beyond Bitcoin Episode 20 - Video

Bitcoin Billionaire Hack for iOS No Jailbreak
Features: Tons of Hyperbits No Jailbreak Required Instructions: 1. Download and extract the file. 2. Connect your device to PC and open iTools or iFunbox. 3. Find Bitcoin Billionaire app...

By: iapptecholicgames

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Bitcoin Billionaire Hack for iOS No Jailbreak - Video

Jeffery Tucker On Ending The State With Bitcoin.
Jeffery Tucker stopped for a few minutes to talk about his upcoming book Bit by Bit and the future of technology and its role in ending the state.

By: DudeWheres MyChange

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Jeffery Tucker On Ending The State With Bitcoin. - Video

bitcoin Botswana and coinversity 2014
Our second formal Bitcoin meetup.

By: Alakanani Itireleng

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bitcoin Botswana and coinversity 2014 - Video

Naked News - Bitcoin - Proof of Strip Ep.8
CLICK 2 TWEET! http://ctt.ec/2c7f0 NEW 2 BITCOIN? Learn with my entertaining beginner #39;s guide http://bit.ly/1qDlEFu MY SITE http://bit.ly/1wRFSB4 ~~~~~~ THIS WEEK Crypto Bozo - CEO of...

By: NakedBits.com

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Naked News - Bitcoin - Proof of Strip Ep.8 - Video

Andreas Antonopoulos The Teacher - Bitcoins Gravy Episode 41
http://letstalkbitcoin.com/blog/post/episode-41-andreas-the-teacher.

By: Let #39;s Talk Bitcoin!

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Andreas Antonopoulos The Teacher - Bitcoins & Gravy Episode 41 - Video

Tipping Tuesday! Bitcoin is worth $1,000,000 -- Chips in Skin, Karpeles is back again
Do you like Bitcoins? Do you like watching youtube videos? Then earn some FREE BITCOINS from http://COINHD.COM just for watching youtube videos! And if you want your videos seen by REAL ...

By: MadBitcoins

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Tipping Tuesday! Bitcoin is worth $1,000,000 -- Chips in Skin, Karpeles is back again - Video

The search for Satoshi Nakamoto, the illusive creator of Bitcoin, may well be over(Adrian Chen/ Twitter)

Few mysteries in recent years have been as frustrating or as compelling as the question surrounding the true identity of Bitcoin's creator Satoshi Nakamoto.

Now, following five months of research into the true identity of Nakamoto, author and financial writer Dominic Frisby has narrowed down the possibilities to just one man: Nick Szabo.

In his new book 'Bitcoin - The Future of Money?' Frisby dedicates an entire chapter to detailing his investigation into uncovering Nakamoto. Through a forensic investigation that involves the trawling of 80,000 words published in various places online by Nakamoto, Szabo is singled out as the only candidate capable of creating the world's most famous cryptocurrency.

There are a number of key factors that Frisby cites in drawing his conclusions. Like others before him, Frisby draws attention to the similarities in writing style between Nakamoto and Szaboand the fact that Szabo designed the precursor to Bitcoin.

Further than any research into Nakamoto's identity so far, however, Frisby points to new evidence that pins Szabo to the creator of Bitcoin.

These include the time zone from which Nakamoto posted online tying closely to Szabo's own time zone and sleep patterns, subtle references to economists such as Carl Menger in discussions about money, the use of the coding language C++, as well as observations that Szabo and Satoshi used the same operating system.

"What for me is a humdinger: Szabo actually worked for Chaum's Digicash (an electronic money considered a precursor to Bitcoin) in the 1990s," Frisby writes. "I even found his old Digicash email address."

Many names have been put forward, including most famously Leah Goodman's speculative piece for Newsweek(owned by IBTimes UKparent company IBT Media) earlier this year that California engineer Dorian Satoshi Nakamoto was the man behind Bitcoin.

Szabo is himself very protective of his privacy. Only one photo is known to exist of him (above) and very little information beyond his own blog and various academic involvements is actually known. Speculation that he is Bitcoin's creator had surfaced before and he has denied it to both Frisby privately and on Twitter publicly.

Link:
Bitcoin Creator Revealed? Satoshi Nakamoto's True Identity Unmasked

When you begin Bitcoin Billionare, you're a nerdy bitcoin miner languishing in a musty office. But if you play the iPhone long enough, and you'll transform from a "geeky bitcoin miner to geeky bitcoin miner who owns a private island." How does one achieve this aspirational lifestyle? Just click. (And keep clicking.)

The brilliance of Bitcoin Billionaire, from Noodlecake Studios (the creators of Super Stickman Golf) and FizzPow Games, is in how it maximizes the already addictive nature of click games. "Underneath the cute retro 8-bit graphics and cheery chiptunes, the game revels in the fact that its just an idle clicker," writes Animal. The more clicks, the better. Players can click with as many fingers as the screen allows. The more you click, the more valuable your clicks become, generating more bitcoins per click. Once your mining gets rolling, your geek's surroundings quickly begin improving, with new furniture, nicer offices, and fancy tech toys.

Another way this clicker ensures your return is by allowing players to "invest" in objects like robot butlers and hover boards, which accrue value while you're away from the game. Watching ads in the game is optional, but choosing to watch them can exponentially increase the value of your clicks. If you want, you can even exchange real money for virtual "hyperbits," allowing you to shift the proceedings further in your favor. In a move of deceptive genius, the game will gift you these hyperbits in exchange for promoting it on Facebook or allowing it to send you push notifications.

By incentivizing all interaction, Bitcoin Billionaire becomes impossible to resistafter all, what's a harmless a push notification if it's worth few more sweet, sweet coins? Watch out Android users, this time sucker is coming for you next.

[h/t Animal]

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"Bitcoin Billionaire" Reveals How Addictive A Single Click Can Be