Bitcoin press hits, notable sources - page 11.

julz

legendary

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Another slashdotting for the wrong reasons... and that title was clearly written before the much larger loss from Bitcoinica was reported.

Quote

Linode Exploit Caused Theft of Thousands of Bitcoins

2012-03-01

http://slashdot.org/story/12/03/02/0059202/linode-exploit-caused-theft-of-thousands-of-bitcoins

"Popular web hosting service Linode had a serious exploit earlier today. Apparently the super admin password for their server management panel was leaked and allowed a malicious attacker to target multiple Bitcoin-related servers. The biggest loss happened to a major Bitcoin mining pool that lost over 3000 BTC, which is currently worth almost 15 000 USD. Now the question is, will Linode compensate for lost bitcoins?"

julz

legendary

Activity: 1092

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The March 2012 issue of The New Yorker has a piece with a single mention of bitcoin

Quote

Net Gain
How “The Good Wife” became the first great series about technology.

2012-03-05 (published 2012-03-01?)

http://www.newyorker.com/arts/critics/television/2012/03/05/120305crte_television_nussbaum?currentPage=1

This season alone, Lockhart Gardner took a case involving the online currency bitcoin; used Twitter to upend British libel laws; handled a military case involving drone warfare; litigated crimes featuring violent video games and a “date rape” app; and dealt with various leaked-image disaster

Isosceles

member

Activity: 71

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FT : Sean Park, co-founder of investment firm Anthemis, predicts a future of "billions of currencies" - including Bitcoin.
http://ftalphaville.ft.com/blog/2012/02/29/895801/space-opera-beyond-finance-edition/

jjiimm_64

legendary

Activity: 1876

Merit: 1000

I just read the article...wow..

Schmidt also revealed that Google wanted to create a rival to Internet peer to peer currency Bitcoin. The company planned to call it "Google Bucks." Though Schmidt said peer to peer currencies like Bitcoin are "a great idea," Google Bucks never got off the ground because these currencies are illegal in many countries.

cypherdoc

legendary

Activity: 1764

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Quote from: MoonShadow on February 28, 2012, 08:59:27 PM

Quote from: ripper234 on February 28, 2012, 08:33:10 PM

Google's Eric Schmidt just mentioned Bitcoin in his keynote! (via reddit)

Quote

7:36 pm Q: If it comes to real democracy, payment has to be peer-to-peer. Would you like to know about my technology called FairCash?
7:37 pm A (Schmidt): Are you familiar with BitCoin? There are some issues with peer-to-peer money. In most cases it's illegal, besides that it's a great idea. We had our own proposal called Google Bucks, but we didn't want to get into these issues. Most of these systems will have regulatory issues.

Proof that Google had considered creating it's own digital currency, but backed away from it for fear of opening up another battle front with governments.

look at what else he says:

9:38 am Q: You're talking about the internet almost like a human right?
9:39 am A: If the current governance is working pretty well, then I wouldn't move it. There's a lot of concern that moving governance would further balkanize the internet, and that would be a disaster. The core thing that the internet has done is flatten access.
9:40 am A: The internet is one of the greatest achievements of mankind. DO NOT GIVE THAT UP EASILY. I cannot be more emphatic. Be very careful about moves that seem logical but balkanize the internet.

some will say the only way to shut down Bitcoin is to shut down the Internet. Google won't let that happen.

MoonShadow

legendary

Activity: 1708

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Quote from: ripper234 on February 28, 2012, 08:33:10 PM

Google's Eric Schmidt just mentioned Bitcoin in his keynote! (via reddit)

Quote

7:36 pm Q: If it comes to real democracy, payment has to be peer-to-peer. Would you like to know about my technology called FairCash?
7:37 pm A (Schmidt): Are you familiar with BitCoin? There are some issues with peer-to-peer money. In most cases it's illegal, besides that it's a great idea. We had our own proposal called Google Bucks, but we didn't want to get into these issues. Most of these systems will have regulatory issues.

Proof that Google had considered creating it's own digital currency, but backed away from it for fear of opening up another battle front with governments.

ripper234

legendary

Activity: 1358

Merit: 1003

Ron Gross

Google's Eric Schmidt just mentioned Bitcoin in his keynote! (via reddit)

Quote

7:36 pm Q: If it comes to real democracy, payment has to be peer-to-peer. Would you like to know about my technology called FairCash?
7:37 pm A (Schmidt): Are you familiar with BitCoin? There are some issues with peer-to-peer money. In most cases it's illegal, besides that it's a great idea. We had our own proposal called Google Bucks, but we didn't want to get into these issues. Most of these systems will have regulatory issues.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

This can become huge. http://www.thebitcointrader.com/2012/02/bitcoin-quickly-becoming-western-union.html The virtual goods market can be worth $16 billion in 2012 http://www.thebitcointrader.com/2011/10/ogrrcom-launches-massive-bitcoin.html

Vernon715

full member

Activity: 182

Merit: 100

Quote from: osmosis on February 10, 2012, 01:10:47 AM

Cleveland, Ohio Plain Dealer Paper, Feb 2012

found via facebook,
https://www.facebook.com/photo.php?fbid=319829911387000&set=a.319829908053667.65607.134466763256650&type=1&ref=nf

Epic. Nuff said.

molecular

donator

Activity: 2772

Merit: 1019

http://www.youtube.com/watch?feature=player_embedded&v=ClNCOSS4nGs#t=766s

Max Keiser talks to David Hales about ending top down Central Bank imposed financial and economic systems with peer to peer economics

Quote from: Max Keiser

Allright, David Hales, peer to peer currencies, p2p currencies, like ripple, what are they? Are they similar to bitcoin? How do they operate? How could they alter the financial ecosystem as we see around us?

Quote from: David Hales

Ok, well, many people are familiar with bitcoin, you mentioned it on your show previously. Bitcoin is a system which maintains a kind of centralized trust trhough a distributed algorithm in order to limit the amount of currency - bitcoins - that can be in circulation at any one time.
So, what's special and neat about bitcoin is the distributed algorithm, which is very difficult to hack, which means that it's very difficult to forge bitcoins. In fact you need to take over the majority of the bitcoin network to do this.
However, this is a particular function, so bitcoin's useful for a payment or transfer of value function, but other kinds of p2p systems are looking at different kinds of functions that are currently supplied by, say, banks for example...

EDIT: rough summary: due to the loss of trust in traditional banking system and central banks, there will be a new currency/banking competition flourishing.

HostFat

staff

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I support freedom of choice

http://www.metamute.org/editorial/articles/bitcoin-%E2%80%93-finally-fair-money

julz

legendary

Activity: 1092

Merit: 1001

Quote

Bitcoin will revolutionize how Africans transact

2012-02-21
Rudiger Koch

http://mobilemoneyafrica.com/bitcoin-will-revolutionize-how-africans-transact-rudiger-koch/

Rudiger Koch, IT Consultant,Intersango Ltd, London.
He will be speaking on Bitcoin at the MobileMoney WestAfrica summit on March 5th & 6th in Lagos.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: molecular on February 20, 2012, 12:50:29 PM

gibt's einen thread wo wir das passend dikutieren könnten? Ist vielleicht nicht viel dazu zu sagen, aber vielleicht doch... die Sache mit dem "Regression Theorem" ist mir jedenfalls nicht ganz klar.

Vielleicht könntest du nen thread machen für dieses video und dann diskutieren wir das? Was meinst du?

lol. I'm sorry guys. I screwed up. This was meant to be sent a a PM to lonelyminer but I accidentally posted here.

I tried to no spam this thread... and what did I do?

barrymac

member

Activity: 76

Merit: 10

http://www.finextra.com/news/fullstory.aspx?newsitemid=23440

"Finextra verdict: Taken at face value, Paxum's decision to cut ties with Bitcoin is worrying. From the blockade of WikiLeaks to the attempts by US politicians to debarr Iran from the Swift network, it now seems acceptable for politicians and payment scheme incumbents to use their muscle to switch off infrastructural support for potential trouble-makers. At what point does a legitimate business decision become an abuse of power? We're treading a fine line here people"

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: FreeMoney on February 20, 2012, 02:25:23 PM

Quote from: SgtSpike on February 20, 2012, 02:15:15 PM

Quote from: Technomage on February 18, 2012, 03:03:07 PM

Quote from: istar on February 18, 2012, 02:13:24 PM

Bank technology News

Bitcoin Exchange's Crisis Bodes Ill for Payment Innovation

http://www.americanbanker.com/issues/177_34/bitcoin-tradehill-exchange-digital-currency-risks-licensing-1046795-1.html?pg=1

Quite well written article.

Indeed. This quote is interesting:

"To get around stringent state regulations, Bitcoin firms might switch from acting as a floating exchange, which TradeHill was, to a fixed rate exchange, Matonis says.

Floating exchanges hold customer funds while they match buy and sell orders. In this sense, they act as financial institutions. Fixed rate exchanges do not. They simply buy and sell Bitcoins like a commodity. Such an exchange would be exempt from state money transmitter regulations, Matonis says."

Interesting indeed. It wouldn't even necessarily have to be a fixed rate either... just so long as the entity isn't holding on to customer funds. Just base the price on some funky supply/demand curve, where the price will move X amount up for each Bitcoin bought, and X amount down for each Bitcoin sold. The market will naturally keep it mostly balanced, albeit likely biased one direction or the other compared to a floating exchange.

If you are going to have a fixed rate that changes, why not just make it change to what it will cost you to replace the coins/dollars plus a fee? As long as there is one actual market even if it has onerous AML crap anyone who can trade there can run their own "not really an exchange" site.

Yeah, I was thinking along the lines of if all floating exchanges were banned. But that doesn't really make sense looking at my last statement, "compared to a floating exchange."

FreeMoney

legendary

Activity: 1246

Merit: 1015

Strength in numbers

Quote from: SgtSpike on February 20, 2012, 02:15:15 PM

Quote from: Technomage on February 18, 2012, 03:03:07 PM

Quote from: istar on February 18, 2012, 02:13:24 PM

Bank technology News

Bitcoin Exchange's Crisis Bodes Ill for Payment Innovation

http://www.americanbanker.com/issues/177_34/bitcoin-tradehill-exchange-digital-currency-risks-licensing-1046795-1.html?pg=1

Quite well written article.

Indeed. This quote is interesting:

"To get around stringent state regulations, Bitcoin firms might switch from acting as a floating exchange, which TradeHill was, to a fixed rate exchange, Matonis says.

Floating exchanges hold customer funds while they match buy and sell orders. In this sense, they act as financial institutions. Fixed rate exchanges do not. They simply buy and sell Bitcoins like a commodity. Such an exchange would be exempt from state money transmitter regulations, Matonis says."

Interesting indeed. It wouldn't even necessarily have to be a fixed rate either... just so long as the entity isn't holding on to customer funds. Just base the price on some funky supply/demand curve, where the price will move X amount up for each Bitcoin bought, and X amount down for each Bitcoin sold. The market will naturally keep it mostly balanced, albeit likely biased one direction or the other compared to a floating exchange.

If you are going to have a fixed rate that changes, why not just make it change to what it will cost you to replace the coins/dollars plus a fee? As long as there is one actual market even if it has onerous AML crap anyone who can trade there can run their own "not really an exchange" site.

SgtSpike

legendary

Activity: 1400

Merit: 1005

Quote from: Technomage on February 18, 2012, 03:03:07 PM

Quote from: istar on February 18, 2012, 02:13:24 PM

Bank technology News

Bitcoin Exchange's Crisis Bodes Ill for Payment Innovation

http://www.americanbanker.com/issues/177_34/bitcoin-tradehill-exchange-digital-currency-risks-licensing-1046795-1.html?pg=1

Quite well written article.

Indeed. This quote is interesting:

"To get around stringent state regulations, Bitcoin firms might switch from acting as a floating exchange, which TradeHill was, to a fixed rate exchange, Matonis says.

Floating exchanges hold customer funds while they match buy and sell orders. In this sense, they act as financial institutions. Fixed rate exchanges do not. They simply buy and sell Bitcoins like a commodity. Such an exchange would be exempt from state money transmitter regulations, Matonis says."

Interesting indeed. It wouldn't even necessarily have to be a fixed rate either... just so long as the entity isn't holding on to customer funds. Just base the price on some funky supply/demand curve, where the price will move X amount up for each Bitcoin bought, and X amount down for each Bitcoin sold. The market will naturally keep it mostly balanced, albeit likely biased one direction or the other compared to a floating exchange.

herzmeister

legendary

Activity: 1764

Merit: 1007

lol

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.
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oops... sry Lips sealed

phatsphere

hero member

Activity: 763

Merit: 500

FreeMoney

legendary

Activity: 1246

Merit: 1015

Strength in numbers

Quote from: hazek on February 20, 2012, 01:41:14 PM

More accurate translation:

Quote

Do we already have a thread going where we could discuss this topic appropriately? Perhaps there's not much more to discuss, but maybe there is ... I definitely still don't quite understand the "regression theorem".

Maybe you could create a new thread just for this video so we can discuss it? What do you think?

https://bitcointalksearch.org/topic/mises-regression-theorem-is-inconsistent-12428

Topic: Bitcoin press hits, notable sources - page 11. (Read 430886 times)