Topic: Bitcoin press hits, notable sources - page 20. (Read 430915 times)

Keep the good work Julz.

Happy 1000th post  

Money / Shiny new coins
The digital currency that could replace the shekel.

Chen Brand
2011-12-30


http://www.haaretz.com/weekend/magazine/money-shiny-new-coins-1.404597

Israel Media Discovers Bitcoin

Adrianne Jeffries
2011-12-30

http://www.betabeat.com/2011/12/30/israel-media-discovers-bitcoin/

28th Chaos Communication Congress

Electronic money: The road to Bitcoin and a glimpse forward
How the e-money systems can be made better

Peio Popov
2011-12-29

http://www.youtube.com/watch?v=KrhmvPI5rhY&feature=youtube_gdata

Virtual Currency
Virtual currency, sometimes called cybercurrency, has become a popular way for people to exchange
money online. Though not necessarily backed by tangible assets or even tangible commodities, services
such as Bitcoin allow users to make transactions through a decentralized, peer-to-peer network—
essentially electronic cash that allows direct, online payments. A user needs only client software and
an online wallet service to receive the “coins,” which are stored in the wallet and can be transferred
to others as payment for goods or services. For users to send or receive these coins, they simply need a
wallet address. Can you see both the problem and the opportunity?
Trojan malware easily fits into this architecture. The wallets are not encrypted and the transactions are
public. This makes an attractive target for cybercriminals. Several events of note took place in 2011
regarding virtual currencies:
• The Mt. Gox Bitcoin Exchange database was targeted by attackers who stole thousands of Bitcoins
• Spam promoting fake Bitcoin mining tools was distributed. These tools actually contained malware
designed to send the victims’ wallet files to a remote location. It also allowed other miners to use the
infected computer for further Bitcoin mining.
• Bitcoin miner botnets were found in the wild. Using large numbers of infected machines, these botnets
could speed up Bitcoin mining and processing and could also launch DDoS attacks.

What happened to all the money !

NYU Stern Economics

Keeping Currency Valuable
2011-12-29

http://nyusterneconomics.wordpress.com/2011/12/29/keeping-currency-valuable/#more-220

...
We’ve seen cases of this happening during hyperinflations, but counterfeiting has the same effect.  An interesting place to see this, and many other monetary phenomena, play out is in the bitcoin market.
...
People fled the bitcoin — as they would any unstable currency — and prices never recovered.

I'm sad that the audience didn't point out the absurdity of some of their ideas and claims.

TLWIR 29: Mozilla News, LibreOffice Chart Trick and Bitcoin Rises Again

Rex Djere
2011-12-29

http://beginlinux.com/blog/2011/12/tlwir-29-mozilla-news-libreoffice-chart-trick-and-bitcoin-rises-again/

Many pundits a few months ago predicted Bitcoin’s demise. They praised the noble vision of the technology, but cautioned that the inventor’s naivety didn’t change the fact that such a radical departure from norms could never succeed. I’m sure that similar things were said about GNU/Linux a decade ago.

Decentralized Money: The Features of Bitcoin


http://www.dgcmagazine.com/PDF/50-Digital-Gold-Currency-Mag-December-2011.pdf

Bitcoin is an exciting young private
digital currency with a brand new
decentralized design. Payments
flow effortlessly from person to
person, transactions are free and
Bicoin has acquired a massive
army of global supporters.

Texting, the Cloud, and John Mayer Jokes: 100 Things That Died in 2011
Tech things people (mostly tech bloggers) have declared dead in 2011.

Adrianne Jeffries
2011-12-27

http://www.betabeat.com/2011/12/27/100-things-died-2011-tech-blog/

prerelease video: http://www.youtube.com/watch?v=rJN0Hm3srUc

Bitcoin – An Analysis

Erik Tews
2011-12-29

http://cryptanalysis.eu/blog/2011/12/29/bitcoin-an-analysis/


Kay Hamacher and Stefan Katzenbeisser presented their analysis of Bitcoin at 28C3.

Alternative Online Payments: The Dream That Refuses to Die

Nathaniel Borenstein
2011-12-29

http://www.xconomy.com/detroit/2011/12/29/alternative-online-payment-systems-the-dream-that-refuses-to-die/

"From Digicash to Cybercash to BitCoin, there have been plenty of demonstrations of the technical feasability of alternative Internet payment mechanisms"

...

"A cynic might say that, because of the power of the banks and card associations, such an infrastructure will never come to be. I’m a bit more optimistic; I think the powers that be will continue to resist any attempt to open up the world of payments, but they’re unlikely to succeed forever. At some point, the combination of a clever new payment system and a market niche that needs it will be so useful that the world won’t let it die. And then, “suddenly”—after decades of waiting—we’ll see people sending money by email, new institutions floating their own currencies, and micropayments enabling sub-penny transactions that accumulate to form the basis of whole new industries."

I don't think that the thing that they most fear is bitcoin...Bitcoin is not the major disruptive application of the internet over the last several years.