[2014-04-07] WSJ MoneyBeat: From the Inside Bitcoins Conference: BitBeat

http://blogs.wsj.com/moneybeat/2014/04/08/bitbeat-rep-stockman-wants-irs-to-reconsider-bitcoin-decision/

- "Rep. Steve Stockman (R, Texas) was at the Inside Bitcoins conference in midtown Manhattan on Tuesday, sharing a bill he plans to introduce in Congress asking the IRS to reconsider its decision earlier this month declaring bitcoin property for tax purposes."

-"Bitcoin is entering the “multi-sig” era. ... Now it appears that San Francisco-based wallet provider BitGo has won the race to deliver a mainstream multi-sig wallet. BitGo will generate three different keys for each wallet customer, one that’s attached to the live, online wallet and controlled by the owner, one that’s held in an encrypted format by BitGo, and a third that’s held offline in so-called “cold storage” by the owner. Two of the three keys will need to be signed to complete any transaction."

- MaidSafe is looking to do to the Internet what bitcoin is doing to money: decentralizing it. The startup unveiled a project at the conference that it’s been working on for eight years: Essentially, a new, decentralized Internet that offers cryptocurrency enthusiasts a new alt-coin, called safecoin, that is a feature of the system.

Topic: [2014-04-07] WSJ MoneyBeat: From the Inside Bitcoins Conference: BitBeat (Read 376 times)