Bitcoin is unique in its approach to privacy. Uneducated observers lament its advantages for illicit activities, but the blockchain keeps track of every transaction and who has how much coin. The revolutionary part of this system is the fact that one must divulge his or her Bitcoin address to lose anonymity, which leaves us with…
DetailsA lot has been made of Bitcoin’s environmental impact. With the mining network now more powerful than all of the world’s top supercomputers combined, it’s understandable that some people would become concerned about power consumption and waste. Shouldn’t there be a better way to do this, and is it even worth it, at all? First,…
Details“If you can, you should.” Never has this phrase been more applicable than in the realm of open source technology. For those not in the know, “open source” refers to any code or blueprint that has been deliberately made available for reproduction–basically, one not subject to copyright restrictions. Bitcoin, of course, is a prime example.…
DetailsShort Answer: A Bitcoin address is a unique number that “holds” bitcoin currency. You use the address to receive and send bitcoins. Medium Sized Answer: A Bitcoin address is the public key half of the public-private key pair that enables the validation of ownership of that address. WHOAH there, what in tarnation does that mean??…
DetailsZhang Zhang clearly does not share the same vision as the Chinese financial authorities when it comes to Bitcoin. The Chinese musician recently released a new very special song entitled “We are all Bitcoin”, promoting the world’s most famous cryptocurrency in a country that has been sending mixed messages regarding the legality of digital money.…
DetailsCheck out the latest Bitcoin Examiner’s weekly round up. Business accelerator 500 Startups will fund five Bitcoin companies Coinalytics, Bonafide, GogoCoin, Monetsu and Neuroware. These are the five Bitcoin-related firms chosen by the early-stage startup accelerator and investor 500 Startups to integrate the organization’s latest growth program. These cryptocurrency-related companies are among the 29 firms that…
DetailsThe United States government just can’t quite decide whether to regulate bitcoin, or deem it a threat by declaring it a form of financial terrorism. The digital currency regulated only by mathematics is now being seen by government officials as an emerging threat, possibly to national security. According to IB Times, a counterterrorism program being…
DetailsOne of the most important strategies for the best Bitcoin adoption is smartphone wallets that give people and business the possibility of making a transaction anywhere. You can choose between different android bitcoin wallets such as Coinbase (50-100k users) or Blockchain.info (50-100k users) which store your private keys. Or choose Bitcoin Wallet (100-500k users) or…
DetailsBrock Pierce and Bobby Lee Bobby Lee and Brock Pierce are the two names chosen to join the Bitcoin Foundation’s board of directors. The popular CEO of the exchange BTC China and the venture capitalist were recently elected, but the decision is already begetting a wave of controversy. The election initially included three candidates. Besides Lee…
DetailsBad news for the Bitcoin community directly from Japan. A local financial institution, the Shinsei Bank Ltd., is currently blocking every international money transfer request that could be connected to Bitcoin. The bank has apparently been trying to distance itself from transactions made by customers that buy and sell Bitcoins. According to a spokeswoman from the bank,…
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