— Covering digital currencies, precious metals and online payments
“Two years ago, I tried to hack BitCoin. I failed. This was very exciting.”
Dan explains why the Bitcoin network, which is “a Pot Of Gold At The End Of The Rainbow for any hacker who could break it”, has performed so well.
Read More about Computer Security researcher Dan Kaminsky tried to hack Bitcoin and failed
The party’s website states…
“Many Libertarians have begun using Bitcoin, a decentralized digital currency. The Libertarian Party is now equipped to accept Bitcoin donations through the services of BitPay. Although BitPay cannot currently handle automatic recurring monthly donations, you may donate through this system as often as you wish.”
But you can’t buy your groceries with silver coins just yet, the bill, SB 1439, still requires the governor’s signature.
The legislation was inspired by Utah’s legal tender law passed in 2011. Arizona’s version would allow Arizona residents to use gold and silver with the same recognition as Federal Reserve notes starting in 2014… assuming of course that your local grocery store is willing to accept your silver coins; the bill does not require anyone to accept gold or silver in payment.
Repeatedly hit by DDoS attacks while experiencing a surge in new accounts has made for a rough few weeks for the Bitcoin exchange. Mt. Gox is by far the largest Bitcoin/USD online exchange handling over 80% of trades. This heavy reliance on one entity does not make for a healthy Bitcoin economy and contributes to Bitcoin’s volatility.
In a recent interview with USAWatchdog.com the always exuberant Jim Willie gives some very interesting predictions.
Jim sees the BRIIICS (that includes Iran and Indonesia) moving away from the US Dollar, the Yen and the Euro and adopting a USD alternative for trade. He believes the East will sell off its US bonds, continue to purchase gold (driving it up to $7,500) and perhaps adopt “gold trade notes”. As he sees it the consequences of this will not be inflation, but a “large widespread cut-off of supply chains” in the states as foreigners will not be willing to accept US Dollars.
The 28min interview is full of colorful commentary and interesting thoughts including the possibility of “bail-in’s” in the states.
Bitcoin – poorly understood and frequently talked about ignorantly – is a wonderful new financial tool… and a very timely one. But because of its virtues, it is about to be attacked.
Read More about Freeman’s Perspective: Bitcoin Should Get Ready For an Attack
GoldMoney and Bitcoin Magazine have worked together to produce a documentary that attempts to capture the thoughts and feelings of Cyprus residents after their bank accounts were frozen in March 2013.
On Tuesday Jeff appeared on CNBS’s “Squawk on the Street” to discuss Bitcoin with Rick Santelli.
In an interview with Business Insider Jeff announced that Bitcoin ATM now has “orders for 300+ machines in 30+ countries and are moving quickly to handle the demand.”
Later this month Ukash customers in the UK will be able to easily convert their Ukash vouchers back into cash, no credit card needed. To provide this service Ukash has partnered with PayPoint who has more than 24,000 locations in the UK.
Ukash CEO, David Hunter, says the partnership will provide consumers with greater flexibility and will encourage more e-commerce retailers to add Ukash as a payment option.
More details here.
