A landmark ruling in Germany combined with the media’s attempt to label Bitcoin legal status collide this week on the Plan B show. Plus the security warning Blockchain.info users need to know, and Butterfly Labs pokes the hornets nest!

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• Wallet Address Question

• waxwing comments on US vs Bitcoin Revolution | Plan B 19

• I put all my life savings into bitcoins

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Bitcoin now \’unit of account\’ in Germany

• German government okays Bitcoins for private transactions | PCWorld

The German Federal Ministry of Finance said on Monday that Bitcoin is not a full-fledged currency but that it is permissible to use it in private transactions.

But if companies want to use Bitcoins for commercial transactions, they need the permission of the Federal Financial Supervisory Authority (BaFin), said Martin Chaudhuri, ministry spokesman.

• Bitcoin now \’unit of account\’ in Germany

While not putting Bitcoins on the same footing as formal currencies such as the pound or dollar, Germany\’s move does mean that people who have speculated in the online cryptocurrency could be liable for capital gains taxes if they sell them less than a year after acquiring them.

People who have held on to them for longer will not be liable, the ministry told German MP Frank Schaeffler, who raised the question with the ministry. German authorities are trying to work out how — or whether — they could determine taxes due on Bitcoin transactions between individuals.

• Germany\’s ruling on Bitcoin paves the way for its legitimacy in the EU | The Verge

The most interesting aspect of the German ruling may be the consequences for the rest of the EU. The designation means that any exchange that wants to sell Bitcoin in Germany knows exactly what it needs to do: get a license from BaFin under Article 32 Kreditwesengesetz. Once an exchange is licensed in Germany, it would be allowed to operate anywhere in the EU — a stark contrast from the US, which requires a federal registration in addition to separate licenses from the states.

BFL 600 GH Bitcoin Mining Card

Performance Specifications

• 600 GH/s nominal performance ( + / – 20% )
• 350w (0.6w/GH conservative estimate)

Connectivity

• USB 2.0 – Monarch cards can be used as an external computer peripheral and chained via USB hub. In this mode it can be controlled via an Android host or standard Linux or Windows computer.
• PCI Express – Monarch cards consume two PCI slots when installed in a standard ATX motherboard. The PCIe format used is 1X for maximum compatibility.

Mining Software compatibility

• EasyMiner software is provided for Android, Windows & Linux operating systems.
• BFGminer – Open source available
• CGminer – Open source available
• BitMinter – Java Client

Prior to this announcement, BFL’s largest mining rig ran at 500 GH/s and cost $22,484. It required over 100 chips and an enclosure of almost two cubic feet. The new 600 GH/s device will be the first ASIC miner to take the form factor of a standard graphics card.

Blockchain.info Users Need to Update Browser Plugin/Clear Cache

• Blockchain.info security [FUNDS STOLEN]

Jesse James has informed me of a problem with the rng used by blockchain.info javascript clients being poorly seeded when initialised in a background webworker task. In some browsers this could lead to duplicate R values being used when signing transactions (Firefox is likely to be particularly vulnerable). This issue effects the transaction signing code only, not the generation of private keys.

Patches have now been deployed, Please ensure you upgrade to the latest version of your Blockchain.info client.

• Chrome extension – v2.85
• Fixefox extension – v1.97
• Mac client – v0.11

Users of the web interface should clear their browsers cache before next login.

Only a handful of addresses are known to be affected thus far. Likely if you have been affected by this problem your coins will have been taken already. All affected users will be refunded in full, please PM me or email help@blockchain.info.

Bitcoin Pick

• Myths – Bitcoin

Let\’s clear up some common Bitcoin misconceptions.

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The post Bitcoin is Legal-ish | Plan B 20 first appeared on Jupiter Broadcasting.

An organized effort is underway at multiple levels of the US government to investigate, understand, regulate and potentially domesticate Bitcoin. We dig through the details and ponder the future.

Plus the ASIC challenge, the Electrum server outage, and a PSA for Android users.

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Voice Links:

• A look inside KnCMiner, bitcoin mining\’s dark horse

• ORSoC and KNCminer are partnering up to develop Bitcoin mining products. » ORSoC –

In our partnership ORSoC will be responsible for product development, including design, production and testing.

Lets Play w/Coins! Send in your favorite online gaming sites that take Crypto currency.

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Every Important Person In Bitcoin Just Got Subpoenaed By New York\’s Financial Regulator

• New York State to investigate \’Wild West\’ Bitcoin industry • The Register

An official told the Associated Press that 22 subpoenas have been issued in all, seeking information on such topics as what measures Bitcoin companies may have taken to prevent money laundering, and what kind of consumer protections might be available for Bitcoin investors.

\”If virtual currencies remain a virtual Wild West for narcotraffickers and other criminals, that would not only threaten our country\’s national security, but also the very existence of the virtual currency industry as a legitimate business enterprise,\” Benjamin Lawsky, who heads the New York Department of Financial Services, said in a memo accompanying the subpoenas on Monday.

• Every Important Person In Bitcoin Just Got Subpoenaed By New York\’s Financial Regulator – Forbes

The New York State Department of Financial Services is stepping into the sheriff\’s boots.

\”We believe that — for a number of reasons — putting in place appropriate regulatory safeguards for virtual currencies will be beneficial to the long-term strength of the virtual currency industry,\” said NYSDFS superintendent Benjamin Lawsky in a statement.

List of companies subpoenaed by the New York State Department of Financial Services

• BitInstant
• BitPay
• Coinabul
• Coinbase Inc.
• CoinLab
• Coinsetter
• Dwolla
• eCoin Cashier
• Payward, Inc.
• TrustCash Holdings Inc.
• ZipZap
• Butterfly Labs
• Andreesen Horowitz
• Bitcoin Opportunity Fund
• Boost VC Bitcoin Fund
• Founders Fund
• Google Ventures
• Lightspeed Venture Partners
• Tribeca Venture Partners
• Tropos Funds
• Union Square Ventures
• Winklevoss Capital Management

Congress appropriations bill directs FBI to launch a federal investigation of Bitcoin as potential means for criminal, terrorist or other illegal activities

• Congress starts looking into Bitcoin

A Senate committee is pressing federal regulators and law enforcement officials to explain how they plan to oversee Bitcoin and other virtual currencies as the issue gains increasing attention from government officials concerned about the role these new markets will play in the future.

The Senate Homeland Security and Government Affairs Committee on Monday sent letters to several agencies requesting that they disclose their virtual currency policies, how they developed them, how agencies are coordinating and finally what they plan to do going forward.

• From the bill (page 45):

Money laundering.–The Committee understands that Bitcoins and other forms of peer-to-peer digital currency are a potential means for criminal, terrorist or other illegal organizations and individuals to illegally launder and transfer money. News reports indicate that Bitcoins may have been used to help finance the flight and activity of fugitives. The Committee directs the FBI, in consultation with the Department and other Federal partners, to provide a briefing no later 120 days after the enactment of this Act on the nature and scale of the risk posed by such ersatz currency, both in financing illegal enterprises and in undermining financial institutions. The briefing should describe the FBI efforts in the context of a coordinated Federal response to this challenge, and identify staffing and other resources devoted to this effort.

• CRPT-113hrpt171.pdf

• Crypto-currency for NSA leaker: Snowden fund accepts Bitcoin — RT News

The Journalistic Source Protection Defence Fund (JSPD) was set up on August 9 with the goal to provide legal as well as campaign aid to journalistic sources. Snowden, who is behind the biggest intelligence leak in the history of the US National Security Agency (NSA), has been selected the first such source.

Android Security Flaw Puts Bitcoin Wallets at Risk

• 55 BTC Stolen Through Security Vulnerability in Android Bitcoin Wallets

SecureRandom is a Java class that generates cryptographically strong random numbers. In order to remain secure the random numbers used to generate private keys must be nondeterministic, meaning that the output of the generator cannot be predicted. Mike Hearn stated in an email to bitcoin developers regarding the Secure Random class on android, \”Android phones/tablets are weak and some signatures have been observed to have colliding R values, allowing the private key to be solved and money to be stolen.\” Bitcoin uses a random number in transaction signatures and if the same random number is reused the private key of the wallet can be determined.

Before the announcement was made, users on the bitcointalk.org forums had noticed over 55 BTC were stolen a few hours after the client improperly signed a transaction using the compromised random number generator. Users observed SecureRandom re-using the same random numbers for multiple transactions, thus compromising the private keys.

• 55 BTC Stolen Through Security Vulnerability in Android Bitcoin Wallets

There are two types of mobile wallets, those where the private keys are generated locally on the phone, and those where private keys are held by a private company. Android wallet apps where keys are generated on the device include: Bitcoin Wallet, BitcoinSpinner, Mycellium Wallet, and Blockchain.info. Blockchain.info has already repaired the vulnerability, Bitcoin Wallet has an update in beta testing, and fixes for BitcoinSpinner and Mycellium are currently in development.

• 55 BTC Stolen Through Security Vulnerability in Android Bitcoin Wallets – The Genesis Block

The announcement on bitcoin.org identified a three step process to secure existing addresses on all other apps:

1. Generate a new address on a secure random number generator.
2. Transfer all existing bitcoins to the new address. Do not send any bitcoins from this address using an Android device until the updates are implemented
3. Notify any users of your old address of the change, so that the compromised address does not receive any more bitcoins.

• Electrum Server Issues

Bitcoin Pick

• Just got 10 Block Erupters and ROI doesn\’t look good

• Mining Dashboard – The Genesis Block

• Bitcoin Difficulty.COM
• Bitcoin Difficulty Profitability Decline Calculator

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The post US vs Bitcoin Revolution | Plan B 19 first appeared on Jupiter Broadcasting.

We’re joined by guest Adam B. Levine to discuss his new project to reinvent funding online with Bitcoin, the meta themes he took away from the recent Inside Bitcoins conference, and the big Bitcoin story this week that turned out to be fake.

Then we open up the lines and answer your hard questions, debate the future of Litecoin and more!

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• Buying First Bitcoins

• Warning to CampBX Users

• PlayerDeus on Inflation/Deflation

• Voicemail: Is economic slowdown is a bad thing?

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Adam from Lets Talk Bitcoin!

• Cryptocurrency Ecosystem

• Project Watershed

Watershed is a free, distributed, open source, neutral, community platform built around original content to create a self-reinforcing engine of growth.

Famed Trader Joe Lewis is not investing in Avalon

• Private Investor and Trader Joe Lewis Not Backing Bitcoin Ventures – Yahoo! Finance

\”I have no investments whatsoever in any Bitcoin ventures,\” said Lewis.

• WSJ Retracts Story

Investor Joe Lewis isn\’t investing in a bitcoin venture called Avalon and doesn\’t lead a Zurich-based private-equity fund called the Phoenix Fund. An article on the supposed investment was inaccurately published and has been removed. The Comments posted in response to the erroneous article have also been removed.

Charlie Lee (creator of Litecoin) Joins Coinbase

• Welcome Charlie Lee (creator of Litecoin) to the team!

Charlie was previously an engineer at Google working on Google Play Games, Chrome OS, and YouTube. Charlie is probably best known as the creator of Litecoin, the most popular Bitcoin derivative.

• Can Bitcoin enable the fabled micropayments revolution? Coinbase thinks it’s worth a shot

What Coinbase has done is to take these very small transactions off the blockchain — they are only possible between two Coinbase accounts, so they don\’t need to bother the overall Bitcoin ledger. Once the payee (perhaps a publisher who might use a service such as Bitwall to accept payments on its site) has accumulated a minimum of 0.01 bitcoins (roughly $1) through micropayments, they can then \”send it back on the blockchain\”

Bitcoin Pick

• BitcoinAverage.com

A resource to help try and bring an accurate price of bitcoin to the community.

The prices that are visible:

• are a daily weighted average
• factor in all exchanges currently with available data
• are near-live rates

Hover the currency figures to view a breakdown of the averaged exchanges.

An API is available to anybody that wishes to use it.

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The post The Big Picture Perspective | Plan B 18 first appeared on Jupiter Broadcasting.

Compliance is the buzzword of the season for Bitcoin, but on further reflection we have to ask – could regulation compliance weaken Bitcoin?

Plus the story of Thailand banning Bitcoin might be exaggerated, how deflation can help the middle class, and the Kickstarter upset of the week!

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• Xanny comments on Bitcoin Must Comply

• \”Deflation is a death spiral\” is a statist mantra. The US economy experienced slow but steady deflation during the 19th century – during rapid growth, yet they will never teach you that in school. A little deflation rewards savers and doesn\’t hurt anyone. Inflation rewards central banksters.

From adkantor on YouTube

• Block Erupter Update

If you ordered an Erupter at 1 BTC, all is not lost yet. A coupon program is being initiated by ASICMINER and distributed by BTC Guild. 30% of the units sold at 1 BTC will be eligible to purchase a 2nd unit for 0.10 BTC (+0.05 Shipping/Handling). The exact method of coupon distribution will be announced when coupon units arrive, which should be around August 5th.
If you have a backordered 1.05 BTC unit, you are GUARANTEED to receive the coupon(s) for additional unit(s) at 0.15 BTC.

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Did Thailand really ban Bitcoin?

• Did Thailand really ban Bitcoin? Don’t be so sure — Tech News and Analysis

A Thai Bitcoin exchange has suspended operations after failing to win a license from the country\’s central bank. However, the outfit\’s conclusion — that Bitcoin is illegal in Thailand — smells funny.

• Trading suspended due to Bank of Thailand advisement / Bitcoin

At the conclusion of the meeting senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls and the fact that Bitcoin straddles multiple financial facets the following Bitcoin activities are illegal in Thailand:

• Buying Bitcoins
• Selling Bitcoins
• Buying any goods or services in exchange for Bitcoins
• Selling any goods or services for Bitcoins
• Sending Bitcoins to anyone located outside of Thailand
• Receiving Bitcoins from anyone located outside of Thailand

Based on such a broad and encompassing advisement, Bitcoin Co. Ltd. therefore has no choice but to suspend operations until such as time that the laws in Thailand are updated to account for the existance of Bitcoin.

Kickstarter pulls “Bitcoin: The Movie”

• Kickstarter pulls \”Bitcoin: The Movie\” project two weeks after launch

Andrew Wong, the entrepreneur behind the movie, launched the crowdfunding campaign on Kickstarter on July 16, and had scheduled the project to run until August 15, with a crowdfunding goal of $100,000. However, late last week, the crowdfunding site unexpectedly suspended the project. When Kickstarter pulled the plug, the movie had $15,896 pledged by 154 backers.

The Berlin district where virtual currency is as easy as cash

• In Bitcoin we trust: The Berlin district where virtual currency is as easy as cash – World News

BERLIN — A sign above the counter of a popular bar in Berlin\’s hip Kreuzberg district warns customers of owner Joerg Platzer\’s somewhat peculiar payment preferences: \”I believe in honest money — gold, silver and Bitcoin.\”

Platzer\’s Room77 is among a cluster of more than two dozen local businesses to accept the virtual currency for everyday payments. Stickers with Bitcoin symbols on restaurant doors and shop windows guide the way.

Bitcoin activists propose hard fork to Bitcoin to keep it anonymous and regulation-free

• Activists want to fork Bitcoin, keep it anonymous and regulation-free

Two anonymous activists have proposed an alternative to Bitcoin, which would fork the protocol to retain more anonymity for users. Labelled \”Bitcoin 2″, the currency would modify the existing bitcoin code to maintain what they call \”the original long-term vision\”, stripping out elements of the protocol that they feel are damaging, and building in support for anonymity protocol Zerocoin.

Bitcoin Pick

• 10 CryptoCurrencies to keep you busy

• Paul Kemp-Robertson: Bitcoin. Sweat. Tide. Meet the future of branded currency. – YouTube

Currency — the bills and coins you carry in your wallet and in your bank account — is founded on marketing, on the belief that banks and governments are trustworthy. Now, Paul Kemp-Robertson walks us through a new generation of currency, supported by that same marketing … but on behalf of a private brand. From Nike Sweat Points to bottles of Tide (which are finding an unexpected use in illegal markets), meet the non-bank future of currencies.

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The post Regulation Dooms Bitcoin? | Plan B 17 first appeared on Jupiter Broadcasting.

A series of events kick off this week that lay the foundation for a very productive Bitcoin summer, plus a popular Bitcoin gambling site sells for a record breaking amount, a Bitcoin Ponzi scheme is busted, your emails of the week, and a few surprises!

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• Bitcoin Credit Score

• Bitcoin’s Deflation

• Voicemail

Erupter Follow Up:

• Raspberry Pi: USB Block Erupter Mining

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Stossel discusses the gold standard and bitcoin

• Bring Back a Gold Standard? | Fox Business Video

Economist Ben Powell and Laissez Faire Books executive editor Jeff Tucker on investing in gold and the bitcoin

SatoshiDice sells for 126,315 BTC

• Bitcoin company acquisitions begin: SatoshiDice sells for $11.5m

Blockchain-based betting game SatoshiDice has been sold for 126,315 BTC, which at the time of writing was worth around $11.47 million.

SEC Charges Texas Man in Bitcoin Ponzi Scheme

• SEC Charges Operator of Bitcoin Savings and Trust with Fraud

The SEC charged Shavers with violating the Securities Act of 1933 for unlawfully selling unregistered securities, as well as intentionally misleading and defrauding investors. Their alert provides an overview of Ponzi schemes — a fund that pays earlier investors with new investors\’ money, often promising returns far exceeding alternative opportunities. The SEC document also explains that virtual currencies may be seen as especially attractive to those looking to conduct fraud as a result of the perceived ability to remain anonymous. Importantly, the filing also notes, \”Any investment in securities in the United states remains subject to the jurisdiction of the seC regardless of whether the investment is made in U.S. dollars or a virtual currency.\”

• SEC.gov | SEC Charges Texas Man With Running Bitcoin-Denominated Ponzi Scheme

The Securities and Exchange Commission today charged a Texas man and his company with defrauding investors in a Ponzi scheme involving Bitcoin, a virtual currency traded on online exchanges for conventional currencies like the U.S. dollar or used to purchase goods or services online.

The SEC alleges that Shavers promised investors up to 7 percent weekly interest based on BTCST’s Bitcoin market arbitrage activity, which supposedly included selling to individuals who wished to buy Bitcoin “off the radar” in quick fashion or large quantities. In reality, BTCST was a sham and a Ponzi scheme in which Shavers used Bitcoin from new investors to make purported interest payments and cover investor withdrawals on outstanding BTCST investments.

Shavers also diverted investors’ Bitcoin for day trading in his account on a Bitcoin currency exchange, and exchanged investors’ Bitcoin for U.S. dollars to pay his personal expenses.

The SEC issued an investor alert today warning investors about the dangers of potential investment scams involving virtual currencies promoted through the Internet.

“Fraudsters are not beyond the reach of the SEC just because they use Bitcoin or another virtual currency to mislead investors and violate the federal securities laws,” said Andrew M. Calamari, Director of the SEC’s New York Regional Office.

• SEC investor alert PDF… Ponzi Schemes using Virtual Currencies

The Movie by Project Bitcoin

• Bitcoin: The Movie by Project Bitcoin — Kickstarter

A documentary about the socioeconomic impact that Bitcoin is making around the world. Comprised of interviews from global Bitcoin users

Bitcoin Pick

• LocalBitcoins.com: Fastest and easiest way to buy and sell bitcoins
• Satoshi Square

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The post Summer of Bitcoin | Plan B 16 first appeared on Jupiter Broadcasting.

Regulation and compliance, just the very words make many wince in pain. But the bitcoin elite agree, from the core developers to the Bitcoin entrepreneurs, the only way forward is through regulation. We’ll tackle this topic, and discuss the long-term goals.

Plus Drew reviews his USB ASIC Block Erupters, malware on ListenToBitcoin.com, your emails, and more!

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If you enjoyed this episode, found value or information from it, please consider contributing using Bitcoin. Each episode gets its own unique Bitcoin address so by tipping you\’re not only making our continued efforts possible but telling us what you liked. Our episode specific address is listed at the bottom of the show notes.

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• Convincing Someone to Invest

• Theorizing on the Gov’t & Bitcoin

• Economic Fate and Bitcoin

Erupter Follow Up:

• Mining Bitcoins on 3x USB ASIC Block Erupters

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Listen to Bitcoin Sold, Site now has Malware

• Listen to Bitcoin contains malware!

The Compliance Stage

• For Bitcoin VCs, There’s No Sexier Word Than “Compliance” – Jason Del Rey – Commerce – AllThingsD

\”There are few things scarier than the threat of the government turning off your [portfolio] business and that possibility 100 percent exists with bitcoin,\” said Matthew Witheiler, principal at Flybridge Capital Partners, and one of the four investor panelists at the pitch event. \”The bitcoin companies that win will be the ones that play by the rules.\”

• Bitcoin London 2013: Panel session – The rising stars of the Bitcoin start-up ecosystem – YouTube

A lively discussion involving some of the hottest entrepreneurs from the Bitcoin start-up scene. Panelists include Erik Vorhees, Coinapult, Nejc Kodric, Bitstamp, Jeremias Kangas, Localbitcoins.com, Jered Kenna, Tradehill, Pelle Braendgaard, Co-founder, Kipochi. The panel is moderated by Isaac Kato, Co-founder, Verne Global

• Bitcoin developer Jeff Garzik on altcoins, ASICs and bitcoin usability

\”It\’s a fantastically good thing,\” he says. \”Experimentation is wonderful. It\’s been disappointing that the overwhelming majority of altcoins have been pump and dumps or premine-type schemes.\” he calls that the first generation of coins, but thinks that the landscape for altcoins is maturing.

Coinbase Launches Instant Bitcoin Purchase

• Coinbase Makes Instant Bitcoin Purchases Possible With Connected Bank Accounts – The Genesis Block

Coinbase is a San Francisco, USA based company that provides bitcoin wallet and merchant services. They currently support 180,000 customers and have raised over $6M in funding from large name investors including Y Combinator, SV Angel, Start Fund, Union Square Ventures, and Ribbit Capital, among several others. Today Coinbase announced the ability to instantly purchase bitcoins from connected bank account for a 1% fee.

• Coinbase offers new ID checks for heavy, impatient Bitcoin users — but why?

Coinbase co-founder Fred Ehrsam confirmed that this was an anti-money-laundering move, and explained that the extra ID information level 2 users would need to submit include date of birth, address and last four digits of social security number. They also need to answer questions based on information in the public record, such as the color of their last car. This is the same kind of verification procedure attached to opening a new brokerage account or lifting the limits on a PayPal account, he noted.

Bitcoin Pick

• Coined Up – The FREE Crypto-Only Currency Exchange

CoinedUp.com is a FREE crypto-only currency exchange.

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The post Bitcoin Must Comply | Plan B 15 first appeared on Jupiter Broadcasting.

The media has Bitcoin in it’s sights this week as they take a good laugh at the Winklevoss Twins Bitcoin Fund plans. But are the eye-rolls justified? We’ll dig in.

Plus the big change up at the Bitcoin Foundation, darknet Bitcoin exchanges, the new generation of merchants accepting Bitcoin, your emails and more!

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• Simple Mining Question

• Open Source Car Builders Accepting Bitcoin

• Paper Payments and Transaction Fees

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New Executive Director of Bitcoin Foundation

• Jon Matonis Named New Executive Director of Bitcoin Foundation | Bitcoin MagazineBitcoin Magazine

Jon Matonis has served as an advocate for the Bitcoin currency and a source of insight for cryptocurrencies and general matters of finance and politics. Prior to assuming his position as Executive Director, Jon Matonis served on the Board of Directors for the Bitcoin Foundation. He currently is a regular contributor to Forbes and is the editor of The Monetary Future economics blog and has not only a passion for but understanding of the ins and outs of the Bitcoin currency.

Jon serves as a member of the Bitcoin Magazine Editorial Board and has contributed articles to the print magazine and website. Prior to getting heavily involved in the Bitcoin currency, Jon served as the CEO of Hushmail and Chief FX Dealer at Visa. Prior to accepting his new appointment of Executive Director of the Bitcoin Foundation, Jon was a board member holding the officer role of board secretary.

• Jon Matonis – The Monetary Future – Forbes

• The Monetary Future: Why I Accepted Executive Director Position for Bitcoin Foundation

One of my primary near-term objectives for the Foundation is to
become more inclusive of the various constituencies within the global
bitcoin community.

This will involve being more responsive to and
communicative with member requests. It will also involve being more open
to internationalization.

Currently, 60% of the Foundation\’s membership
is non-US based and we need to do a better job behaving like a global
organization. To this end, we will hold the next Bitcoin conference
outside of the United States and we will sign on local Foundation
chapters in several countries where interested parties have taken the
lead on expanding the principles of Bitcoin in their region.

Flattr Adds Bitcoin Support

• Adding Bitcoin support

Apparently the great community around Bitcoins wants us to add Bitcoin funding, the nagging has sometimes been skilled like that of an old lady.

As you asked for it. You got it! We are happy to tell you that you can now fund your account with Bitcoins. Just pick Bitcoin on the \”Add funds\” page.

Butterfly Labs Disappoints Again

• Butterfly Labs Still Shipping Day 1 Jalapeno Orders

We are into September 20, 2012 with Jalapeno orders. Not all through that date have shipped, however.

TOR ATM/Hidden Exchanges Set to Flourish

• TOR ATM Front Page
• TOR ATM Signup Page
• TOR ATM Public Key Easy to Find

Winklevoss Twins Stirring it Up

• Winklevoss’ ETF product draws laughs for a reason | Business – The News Tribune

Over the years, fund industry watchers have laughed about a lot of wild investment ideas.

So when the fund observers started laughing recently after seeing the registration papers for the Winklevoss Bitcoin Trust — a new exchange-traded product that faces a lengthy vetting process from the U.S. Securities and Exchange Commission — the question was which laugh, first or last, will be the better one here, and who will get the final guffaw.

• A Bitcoin ETF Is A Vital Step Towards Market Maturity – The Genesis Block

Regardless of your view on bitcoin as an investment, the product proposed by Tyler and Cameron Winklevoss would give a new world of potential investors the ability to make that decision for themselves — exactly as an ETF is intended to do.

Bitcoin Pick

• NZB Finder | Pro Account via Bitcoin Funding

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The post Winklevoss Woes | Plan B 14 first appeared on Jupiter Broadcasting.

The guys discuss what the heck is going on with the price of Bitcoin, and what you can expect. The cost of running the bitcoin network is coming up against the price of the coin, we’ll discuss how these two elements are coming to a head.

Plus: The big theme from the Bitcoin London conference, the ridiculous anti-Crypto currency rhetoric from the G8 summit, your questions, and more!

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• Difficulty, Altcoins, Mining, etc

• Bitcoin in Germany

• BFL Selling ASIC chips in bulk

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— Discussion —

• Bitcoin at the G8 Summit (pg 60)

Written by “John Lyons, chief executive, International Cyber Security Protection Alliance”

As world leaders gather at the G8 summit in Northern Ireland this year, they will be considering and debating some of the most pressing global issues of our time. Those that specialise in the cyberspace arena hope that they will also have time to address the deeply worrying trends that threaten the economic and social benefits that the internet can deliver to humankind.

As highlighted by the latest initiative of the United States to arrest some of the suspects that were involved in Liberty Reserve (a group indicted for money laundering that ran a $6 billion worldwide operation out of Costa Rica), alternative payment mechanisms, such as Bitcoin and a host of others, can enable criminal and terrorist groups to launder money and fund their operations.
Governments around the world could take two measures that would have a significant
and long-lasting effect on the ability of online criminals to secure their ill-gotten gains: 1. Outlaw alternative payment mechanisms for trading currencies online; and 2. Introduce legislation to confiscate the proceeds of online crime.

If treasuries and financial institutions around the world were to block those transactions and permit only legitimate currencies to be used on the internet through regulated payment service providers and cards (such as Visa, MasterCard and American Express), then the flow of many billions of dollars to criminal groups would be stemmed. Furthermore, if those same countries introduced, if necessary, additional legislation to confiscate the proceeds of such online crime, these funds could be either returned to those who had been defrauded or used to fund international projects that could bring about a more safe and secure internet environment for all citizens.

If the leaders of the European Union and United States could be convinced to take a lead on these initiatives, that would be a huge contribution to making the internet a safe place for financial transactions. At the same time, it would also strike a blow against those who would try to destroy the fabric of our the world’s well-being.

• We\’re FUNDED on Kickstarter! Here are the Stretch Goals

It\’s hard to believe, but in less than two weeks, our Kickstarter campaign was funded. We planned this out so we can do a quality documentary, but an increased production budget means a much better film. With our stretch goals, we can span the country and even the globe to talk with the world\’s experts on bitcoin, crypto currency, and currency in general.

Bitcoin London Happening Now:

• Twitter / btclondon: @vessenes 1200 attendees @ …

@vessenes 1200 attendees @ San Jose, 60% members of @BTCFoundation outside US. #metrics for #Bitcoin #btclondon

• Regulation Means The Bitcoin Gold Rush Will Not Happen In The US, Say Experts | TechCrunch

Europe is better positioned as a better place to create Bitcoin-based startups than the US. That was the message coming out of Bitcoin London today, the first major conference in London to cover startups, investors and business models. Covering the broad sweep of businesses, technologists and institutions involved in the Bitcoin space, the conference heard that the US may have made a fatal strategic mistake in classifying Bitcoin as if it were money so early on in its development.

What has emerged is that Bitcoin is being treated in many different ways: as money, as an asset class, as the first highly secure P2P global information exchange, as a technology platform and even as a if it were a startup entity in its own right

• Winklevoss twins work to make Bitcoin more legit with SEC filing | Internet & Media – CNET News

The \”Winklevoss Bitcoin Trust\” aims to give commodity buyers more exposure to Bitcoins. According to Business Insider, the trust will apparently operate like an exchange-traded fund, which is an investment fund that can be traded like a stock.

\”The investment objective of the Trust is for the Shares to reflect the performance of the Blended Bitcoin Price of Bitcoins, less the expenses of the Trust\’s operations,\” the filing reads. \”The Shares are designed for investors seeking a cost-effective and convenient means to gain exposure to Bitcoins with minimal credit risk.\”

• BBC News – Winklevoss twins plan $20m Bitcoin trust fund

The Winklevoss Bitcoin Trust will initially sell $20m (£13m) worth of shares to investors, according to a filing with the US regulators.

• Winklevoss Twins Make Best Case Against Bitcoin Fund – Bloomberg

Their company, Math-Based Asset Services LLC, filed forms with the U.S. Securities and Exchange Commission yesterday.

OMG THE PRICE!!one!!

• Bitcoin Hash Rate
• Bitcoin Mining Operating Margin

• BTC Guild Selling Block Erupter USBs

Litecoin Update:

• Trading in BTC for LTC?

• Receive a notification when Litecoin starts trading on Mt. Gox

Forget about constantly checking news about Litecoin and Mt. Gox. Instead, register your Email and receive a notification when Litecoin starts being traded in Mt. Gox.

• WikiLeaks now has a Litecoin specific section on their donation page

Bitcoin Pick

• Bitcoinium

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The post Blame it on Mt. Gox | Plan B 13 first appeared on Jupiter Broadcasting.

Getting money into Bitcoin has come under attack this week, we’ll run down the stories that paint a troubling picture for Bitcoin, but as of yet seem to have left the decentralized currency unscathed.

Plus we’ll chat with Donncha O\’Cearbhaill, who worked with Coinbase on disclosing multiple vulnerabilities, and ask what his experience was working with their bug bounty program.

And your emails, the good news for Litecoin, and more!

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• Mining to Live

• USB ASIC Mining

• I think that bitcoin crashes are a good thing

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— Discussion —

• Coinbase – Owning a Bitcoin Exchange Bug Bounty Program

• Bitcoin network recovering from DDoS attack

Last week, the Bitcoin network suffered from a denial-of-service attack that forced the core development team to patch the core reference design.

• Bitcoin-Qt / bitcoind version 0.8.3 released

• Why we have been slow and taking longer than usual to process orders. Hint, banks don\’t like Bitcoins.

• Elizabeth Warren Wants HSBC Bankers Jailed for Money Laundering

• Report: HSBC allowed money laundering that likely funded terror, drugs

• Citibank will no longer process any transfers to Mt Gox due to association with Liberty

They laundered $680 Billion of Cartel Money.

\”Between 2006 and 2009, according to DOJ, HSBC failed to monitor $670 billion in wire transfers and $9.4 billion in cash transactions from its Mexico bank operations.\”

• HSBC to pay $1.92 billion in money-laundering settlement – Dec. 10, 2012

• Mt.Gox – Temporary Hiatus on U.S. Dollar Withdrawals

Over the past weeks Mt. Gox has experienced rising volumes of deposits and withdrawals from established and upcoming markets interested in Bitcoin. This increased volume has made it difficult for our bank to process the transactions smoothly and within a timely manner, which has created unnecessary delays for our global customers. This is especially so for those in the United States who are requesting wire transfer withdrawals from their accounts.

• BitPay Exchange Rate Temporarily not Determined by Mt. Gox Price

Exchanges Worth Checking Out:

• Bitstamp – buy and sell bitcoins
• CampBX Bitcoin Trading Platform

Watching the Price on the Go:

• Bitcoin Exchange Rate Mining
• Bitcoin Alert

• Bitcoin 24/7

• Bitcoin Foundation Receives Cease And Desist Order From California – Forbes

Directly following last month\’s Bitcoin 2013 conference event in San Jose, CA that brought decent revenue into the state, California\’s Department of Financial Institutions decided to issue a cease and desist warning to conference organizer Bitcoin Foundation for allegedly engaging in the business of money transmission without a license or proper authorization.

Recently, the State of Illinois also issued a cease and desist letter to mobile payments processor Square for failing to have the proper licensing in accordance with the state’s Transmitters of Money Act. Prepaid card provider NetSpend and six other payments companies also received Illinois cease and desist orders. If this practice grows among states, it could have a potentially significant “chilling effect” on financial services innovation, especially upon lawful businesses that are designing infrastructure to support and grow the Bitcoin technology.

• Donate to GPGTools with Bitcoin

Litecoin Update:

• Litecoin-0.6.9.2 FINAL

• Mt. Gox Shines Light on Litecoin

In the update, Mt. Gox mentioned that the exchange\’s new trading engine is \”finished, smokin\’ fast, and is currently undergoing bench tests.\” As part of the engine\’s upgrade, Mt. Gox announced that it will be supporting Litecoin (LTC) in July:

As risky as it is to invoke the name of Litecoin (LTC???), we must apologize for not keeping everyone up to date. The fact is that the current situation means a continued delay, but for good reasons. We\’re looking at July right now, though that depends on a few things. Mainly, we want to do things correctly from the beginning.

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The post Bitcoin vs The Banks | Plan B 12 first appeared on Jupiter Broadcasting.

We chat with Jesse Heaslip one of the team members from Bex.io, they aim to provide a end-to-end solution to setup your own Bitcoin exchange. Is the solution to the Gox problem hundreds, or even thousands of small Bitcoin exchanges?

Plus Avalon customers suspect the company of pre-mining with their hardware for weeks, a new and stronger theory on Satoshi Nakamoto’s true identity, the good news for Litecoin, and more!

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If you enjoyed this episode, found value or information from it, please consider contributing using Bitcoin. Each episode gets its own unique Bitcoin address so by tipping you\’re not only making our continued efforts possible but telling us what you liked. Our episode specific address is listed at the bottom of the show notes.

— Feedback —

• ASICs and a 51% attack?

• USB ASICs

• Coinstar Kiosks and Bitcoin

• Namcoin – Building on Bitcoin

• What are Namecoins and .bit domains?

It is based on exactly the same code as Bitcoin. In fact, the two currencies are almost identical. However, in the same way that Bitcoin is a decentralised currency that cannot be shut down; Namecoin is the basis for a decentralised domain name system (DNS), i.e. web URLs, which could put a stop to Internet censorship.

• What have we done with our LTC?

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— Discussion —

• Bex.io || Own your own Bitcoin Exchange

We do the tech. You do the rest. Bex removes all the technical complexity of running a Bitcoin Exchange.

• Erik Voorhees – The Role of Bitcoin as Money – Bitcoin 2013 Conference

Erik is a well-known member of the Bitcoin community forum (screen name- evoorhees), and is CEO of Coinapult, based in Panama City. Furthermore, Erik is also a partner in a couple top-secret super-subversive Bitcoin-based projects and coordinates the Free State Bitcoin Consortium group among liberty activists in New Hampshire.

• Erik Voorhees (ErikVoorhees) on Twitter

• Kenya Primed For Wide-Scale Bitcoin Adoption – Thx to Todd for Sending.

One locale stands out as particularly primed for widespread adoption: Kenya. Africa today has one of the fastest growing mobile phone markets in the world with 20% annual growth and 93% of Kenyan households owning mobile phones. What makes Kenya a particularly unique case for bitcoin is that it is also a world leader in mobile payment usage.

• NSA paper, 1996: \”How To Make A Mint: The Cryptography of Anonymous Electronic Cash\”. One referenced crypto expert is named Tatsuaki Okamoto. : Bitcoin

• Comment Thread Has Indications It Could be Satoshi .

Okamoto worked with Adi Shamir (co-creator of RSA) and is proficient in C++.

• Running on Karma–P2P Reputation and Currency Systems – Committee Chair: Tatsuaki Okamoto

• Avalon is officially mining with customers\’ ASICS before delivering them.

• Is Avalon mining with customer hardware? Answer is here.

Today I finally received my units from Feb. 2 order. One unit was almost clean, while other one is moderate dusty. After checking all connections and desoldering F1 fuse, I started to configure units. First unit has been tuned to ozco.in and that is not surprise, cos same config was on my unit from batch one. Second unit has more interesting config:
https://puu.sh/3hrak.png
As you can see, first pool is eligius.st and most important is address: https://blockchain.info/address/1AYdAw8CcrQ2wx55LTbFHRn5bxgNZhaRLW?offset=0&filter=0
716.40851602 BTC was mined from April 22 by various units. And only gods know, how much was mined on ozco.in.
So, regardles what said Yifu, the answer is: YES, Team Avalon is mining with customer units.

Litecoin Update:

• Litecoin Core Development Fundraising Meets Goal

A big sponsor who wishes to be anonymous is willing to support the Litecoin Development Team. They are offering a challenge grant where if we receive an additional 5,000 LTC in community donations by June 18th noon GMT, the anonymous sponsor will match with an additional 5,000 LTC. These combined funds will go a long way toward enabling long-term development of the Litecoin software and related vendor integration tools.

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The post Be Your Own Bitcoin Exchange | Plan B 11 first appeared on Jupiter Broadcasting.

We bring on one of the dynamic duo who want to Kickstart 90 Days on Bitcoin documentary project, called Life on Bitcoin.

Then we chat with the head honcho of BitVegas stops by to chat about their new features, and Bitcoin faucet partnership.

Plus we have a few theories about the recent price drop, cleaning up Bitcoin addresses, your emails, and more!

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• Pretty QR Codes

• CISPA and Bitcoin, and “Value”

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— Discussion —

• fontase: Looking for one large BTC crash …

Looking for one large BTC crash near June 8 lasting 3 days with a 4 day recovery. If this does not happen I will be quite surprised.

• BitVegas | A new world of bitcoin gaming

Welcome to BitVegas. A casino built 100% inside of Minecraft.

• Get Bitcoins for BitVegas | BitcoinGet

Get bitcoins for BitVegas here. Earn bitcoins for watching videos and completing simple tasks.

• Meet the world\’s first Bitcoin baby – Jun. 10, 2013

So Lee escalated. Determined to find a patient willing to pay him in bitcoins, Lee put an ad up on Reddit last year offering a \”male fertility evaluation\” — basically, a sperm test — in return for 15 bitcoins, which at the time were worth around $5 each.

In Total Bitcoin\’s volatility has worked in Lee\’s favor, so far. The 30 bitcoins he collected for aiding in Baby #4\’s conception are now worth around $3,600 — easily offsetting the heavy discount he offered.

• Draper University in San Mateo, CA has started accepting bitcoins for tuition and recently processed its first bitcoin payment for its summer program, which starts later this month.

Draper University in San Mateo, CA has started accepting bitcoins for tuition and recently processed its first bitcoin payment for its summer program, which starts later this month.

According to information released by Draper U, the educational institution has become the first to accept bitcoin for tuition. Draper, which bills itself as \”an unconventional world class boarding school for the brightest young entrepreneurs from around the world,\”

• — Life on Bitcoin for 90 Days —

• Life on Bitcoin | Can a newly married couple survive on a cryptocurrency?

Can a newly married couple survive when every living necessity can only be purchased with \”cryptocurrency\”?

Moment of Zen

• Bitcoin Is Start of `Brave New World,\’ Gelfond Says: Video – Bloomberg

Early Amazon Investor and Hedge Fund Investor, Bob Gelfond: \”The digital currency called Bitcoin may or may not survive long-term, but it has already succeeded on one front: making people think seriously about alternative forms of money. More such alternatives to traditional currency will likely emerge.\”

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The post 90 Days or Bust | Plan B 10 first appeared on Jupiter Broadcasting.

The best of Bitcoin podcasting join forces to discuss how Bitcoin could potentially disrupt the big media monopolies and fund a new generation of independent honest content, controlled by its audience.

Plus more challenges facing Mt. Gox, fixing Bitcoin’s infrastructure problem, and the quiet little Litecoin hack no one is talking about.

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— Show Notes: —

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• Gox\’s Ploy?

• Mining in a VM

• If Bitcoin were the de facto

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— Discussion —

• Fixing Bitcoin\’s shaky exchange infrastructure

That means bitcoin exchanges like Tradehill would have to register as a money transmitter with the federal government. That is the easy part, says Kenna, requiring little more than a single page form. The hard part is getting the relevant licence in each US state. They all have different rules, and some (sources single out New York and California) are particularly difficult.

Time (at least a little of it) is on Tradehill\’s side, however. Even though the FinCEN guidance came into immediate effect, it only applies to businesses 180 days after they begin trading in bitcoin. This gives it until mid-September to get its paperwork in order.

• Don\’t trust anonymous e-currencies like Bitcoin

In the real world, if you lose your credit card, checkbook, or even bank account log-on password, your money isn\’t gone. In fact there are lots of services and laws to protect you and your money. Not so in the e-currency world — check out a statement posted on a Bitcoin Wiki Faq regarding the potential loss of Bitcoins: \”Consider it a donation to all other bitcoin users.\”

Ultimately, most e-currencies possess the security of whatever your email address and password is. If hackers break into your computer, learn your password — or even break in and steal all your money at the bank — it will be replaced fairly quickly. This is absolutely not true of e-currency sites.

I\’m not saying that e-currency schemes are evil. And I\’m not saying fiat money is perfectly trusted or protected — the runaway inflation that led to wheelbarrows of money being exchanged in Weimar Germany come to mind. I\’m just saying that by comparison, over the long run, there is no comparison. The trust equation isn\’t even close.

• Bitcoin – the next global reserve currency?

“That committee has chosen to grow its balance sheet by $85 billion per month, to well above $3 trillion in total, by monetizing US Treasury and Agency debt. Accordingly, the long term outlook for the value of the USD will be subject not only to the supply of new money, but also bubbles caused by synthetic support for state-favored asset classes, and record high national debt.”

“In a world of increasing global communication and trade, a nation-agnostic currency would solve many of the problems we’ve seen repeated throughout history and potentially ease the associated international tensions. An asset for which the value is determined solely by international demand, immune to influence from central planners, is a necessary step forward towards a free market.”

• Litecoin Pool Exploit

“Suspected fake miners were clocking at up to150MH/s for 3-4 days. We suspect more cheaters were involved over the past 3-4 days which could have been at least partially to blame for the pools bad luck.”

“During deployment of the fix, we logged changes in valid hash rates. The biggest detected confirmed cheater was Cryptopower who went from 30MH/s to 1MH/s”

• Another Gox funding option eliminated

“After some deliberation and discussion with Technocash, an Australian service for Mt. Gox customer account funding and withdrawals, it has been decided that our customers in Australia will no longer be able to deposit and withdraw funds in AUD using Technocash starting June 15th, 2013.”

• — Adam B. Levine —

• Adam B. Levine (GamerAndy) on Twitter

Writer & Speaker with a passion for explaining complicated topics in understandable terms.

• Let\’s Talk Bitcoin! • Adam B. Levine – Editor-in-Chief – Bio

He is the founder and Editor-in-Chief of Let\’s Talk Bitcoin!

• YouTube is Broken by Adam B Levine

Happy Cakeday bitcointip bot

• Bitcointip

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The post Bitcoin Will Disrupt Big Media | Plan B 9 first appeared on Jupiter Broadcasting.

The funding methods around Bitcoin are under attack, and we chat with TheGenesisBlock.com’s managing editor about what this means for the future of Bitcoin, and more.

Plus picking the right wallet for offline cold storage, a look at BitAngels the distributed Bitcoin angel fund, our concerns with Ripple, your emails, and much more!

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— Feedback —

• Why Bitcoin over other crypto-currencies?

• Cold storage

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— Discussion —

• OKPAY takes Bitcoin hiatus

Although OKPAY themselves provided no rationale for their decision, OKPAY’s trust in the viability of bitcoin in their system may have been shaken after an OKPAY user reported on bitcointalk.org that they had successfully double-spent over 211 BTC to OKPAY and a seperate address controlled by the user during the block chain fork of 12 March 2013. The same user also reported that an approximately 65 BTC he had sent separately to OKPAY was not successfully credited to the appropriate account. Somewhat of a standoff ensued, but was resolved with OKPAY refunding the 65 BTC only after the customer returned the double-spent 211 BTC. OKPAY support staff confirmed the situation on a bitcointalk.org forum thread started by the double-spender.

• Canada becomes bitcoin-friendly

We now have our first answer from FinTRAC. Generally, it views bitcoin exchanges as entities that do not have to register, identify clients, and report under the money services business rules.

• Next Generation Bitcoins with Ripple – YouTube

Primer Interest Producer Bob English and Perianne traveled to the Bitcoin conference in San Jose, California over the weekend. They got a chance to speak to many of the movers and shakers in the up and coming crypto-currency realm. Bob interviewed Chris Larsen, CEO and co-founder of OpenCoin, which is developing Ripple.

• 60+ Investors Band Together To Form BitAngels, The First Multi-City Angel Network & Incubator For Bitcoin Startups | TechCrunch

BitAngels is launching (what it believes to be) the first multi-city angel network and incubator created to invest exclusively in cryptocurrency startups. Fittingly, in the spirit of Bitcoin, it\’s a distributed network of angels and entrepreneurs and one that was hacked together in a few days after the Bitcoin 2013 Conference.

BitAngels brings together a posse of angel investors who are looking to help entrepreneurs turn their Bitcoin side projects into full-time jobs. To do that, the angel network pooled together about $6.7 million in Bitcoin, which it will invest in approximately $20K chunks.

BitAngels is not a formal fund, so the Bitcoins are soft-circled, not in escrow, but all 60 angels that have joined thus far (the number of angels has almost doubled in the past week) are all accredited investors with extensive experience investing and, naturally, have a lot of Bitcoin.

• Why Bitcoin Won’t Probably be a Reserve Currency in our Lifetime

Trace Mayer on Prime Interest May 24, 2013.

— Greg Managing Editor of The Genesis Block.COM —

• DHS Inquiry Leads to Lowest USD/Bitcoin Trading Volume In Months
  > Bitcoin trading volume has plummeted since news broke that the Department of Homeland Security issued a seizure warrant that stopped all activity between Dwolla and the Mt. Gox exchange. As of today, the 5-Day moving average of USD trading volume is at the lowest level in at least a year and a half (the data is a bit spotty beyond that), other than the last week in December 2012.

In addition to total market volume declining, Mt. Gox is losing footing as the dominant player in the space. As of May 17, Gox was doing roughly 81% of total USD bitcoin volume. Today they did just 59%.

• Bitcoin Trading: Are We Primed For A Major Move Higher? – The Genesis Block

Yesterday we wrote about the low volatility after Mt. Gox\’s accounts were seized. The following graph from that article illustrates how we haven\’t seen volatility this low on Mt. Gox since December of 2012.

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The post Then They Fight You | Plan B 8 first appeared on Jupiter Broadcasting.

We chat with Amir Taaki about Libbitcoin, and how it could enable a new generation of Bitcoin powered applications and services. And what he see’s as the biggest threat facing Bitcoin, his work with Electrum and more.

Then Ben Morse from the Port Forward Podcast joins us to wrap up the best of this weekend’s #Bitcoin2013 Future of Payments conference.

Plus a big batch of your questions, the news of the week, and more!

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• voicemail from may 15

• Thoughts on Lost Coins

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— Discussion —

Bitcoin 2013: The Future of Payments Wrap Up

• Bitcoin 2013 in review – CoinDesk

More than 1,000 Bitcoin enthusiasts who converged on San Jose were an impassioned bunch — some fired with the excitement of getting in on something big the ground floor, others lit up by a more ideological passion for freedom from government or from the existing financial system.

• Great interview with BitInstant founder on RT

Producer Bob English and Perianne flew out to San Jose over the weekend and reached out to the 1100 attendees and sponsors of the first major Bitcoin conference. Today, we feature the CEO of BitInstant, Charlie Shrem, who will explain how easy it is to buy Bitcoins.

• The Top 3 Things I Learned at the Bitcoin Conference – Reason.com

This past weekend I attended the Bitcoin 2013 conference in San
Jose, where over one thousand enthusiasts, developers,
entrepreneurs, venture capitalists, and, yes, lawyers gathered to
chart the future of the virtual currency. Here are the top three
things I learned at the conference.

• With $1.5M Led By Winklevoss Capital, BitInstant Aims To Be The Go-To Site To Buy And Sell Bitcoins

BitInstant, a New York City based startup that operates an online platform for buying and selling Bitcoins, has raised $1.5 million in a seed funding round led by Winklevoss Capital with the participation of other strategic investors including money services veteran David Azar. The investment was closed this past fall, but the Winklevosses are just now publicly announcing it in the lead-up to the Bitcoin Foundation\’s 2013 Conference being held in Silicon Valley this weekend.

BitInstant, which has a full-time staff of 16 led by CEO Charlie Shrem, has emerged as a key player in the nascent Bitcoin market: The company already processes approximately 30 percent of the money going into and out of Bitcoin, and last month alone facilitated 30,000 transactions, the Winklevosses said in a phone call this week. The funding is meant to allow the company to further scale up its staff and product as it angles to become the go-to site for Bitcoin transfers.

• Bitcoin2013 – Imgur

• Ben demos Bitcoin ATM – YouTube

• Feds Seize Assets From Mt. Gox’s Dwolla Acount, Accuse It Of Violating Money Transfer Regulations

In order to accept funds in dollars, Mt. Gox opened a Wells Fargo business account for Mutum Sigillum LLC (Mt. Gox\’s American subsidiary). The company had to complete a document that states whether it provides money services or not. The warrant reads: \”That document was completed on May 20, 2011, and identified Mutum Sigillum LLC as a business not engaged in money services.\”

In particular, Karpeles answered no to two important questions: “Do you deal in or exchange currency for your customer?” and “Does your business accept funds from customers and send the funds based on customers’ instructions (Money Transmitter)?”

— Amir Taaki —

• Amir Taaki – Wikipedia, the free encyclopedia

Amir Taaki is a British video game and computer software developer. Taaki is best known as a Bitcoin project developer and for pioneering many open source projects

• libbitcoin – Bitcoin library
• The libbitcoin Tutorial — libbitcoin 1 documentation

libbitcoin is a bitcoin library targeted towards high end use. The library places a heavy focus around asynchronicity. This enables a big scope for future scalability as each component has its own thread pool. By increasing the number of threads for that component the library is able to scale outwards across CPU cores. This will be vital in the future as the demands of the bitcoin network grow.

Another core design principle is libbitcoin is not a framework, but a toolkit. Frameworks hinder development during the latter stages of a development cycle, enforce one style of coding and do not work well with other frameworks. By contrast, we have gone to great pains to make libbitcoin function as an independent set of mutual components with no dependencies between them.

• subvertx command line utilities (proof of concept using libbitcoin)

• Async Programming by Amir Taaki – YouTube

Amir Taaki giving a talk about Async Programming at Brmlab hackerspace

• genjix/query-layer · GitHub

• Bitcoin 2013: unSYSTEM Vienna, 1-3 Nov 2013

Bitcoin 2013: unSYSTEM is the biggest event in the world covering
Bitcoin and social change. The event will be held in Austria\’s largest venue,
a building normally used by the United Nations.

— Extended Q&A —

• https://slexy.org/view/s20xeTs4sY
• https://slexy.org/view/s20Ke1PzyU
• https://slexy.org/view/s2lPFSSuFD
• https://slexy.org/view/s2140K6HTC

— Over Time —

• Max Keiser – Bitcoin, Bernanke & Buffett | London Real – YouTube

Max Keiser of Russia Today drops by to explain the genesis and implications of the digital currency Bitcoin, why The Federal Reserve and the banking system should apologise to the people for manipulating interest rates, how Warren Buffett is complicit in the Mexican drug trade by purchasing Wells Fargo, and Max\’s crazy times in the 1980s as a New York City stockbroker by day and punk-rock party animal by night.

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The post Amir Taaki & #Bitcoin 2013 | Plan B 7 first appeared on Jupiter Broadcasting.

We’ll cover some of our favorite ways to buy things with bitcoin, from the new and exciting, to the dark and shady.

Plus we chat with Forbes writer Kashmir Hill about her week of Living on Bitcoin, tackle the big stories of the week, answer your emails, and more!

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• Andrew Voicemail

• How can we value a BTC if we can never know how many BTC are active!?

• With a few questions

Frequently n00bed

• How a Bitcoin Transaction Works
• Bitcoin: What is it? | Khan Academy

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— Discussion —

• Gates, Buffet, and Munger on Bitcoin

Microsoft Chairman Bill Gates and Berkshire Hathaway’s Warren Buffett and Charlie Munger on Bitcoin, tax rates, bank regulation and the Federal Reserve policy.

• Liberty City Ventures Launches $15 Million Fund To Invest In Bitcoin And Other Digital

New York City-based Liberty City Ventures is announcing its Digital Currency Fund, a $15 million commitment to Bitcoin and other digital currency startups.

• A bet on Bitcoin: new VC fund invests in currency startups

The latest buzz comes by way of the Bitcoin Boost Fund, a new Silicon Valley fund that announced on Tuesday that it will hand out $50,000 to seven or so Bitcoin startups.

All of the startups will be graduates of Boost VC, an accelerator program that seeks to mentor would-be Bitcoin barons. The accelerator, created earlier this year, is run by Adam Draper, who describes himself as a “fourth generation VC” and who is hosting a hackathon at the “Bitcoin: Future of payments” conference in San Jose this weekend.

• Keiser Report: Virgin Bitcoin vs Old Hag Pound

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the currency of an independent Scotland. Max argues that bitcoin will force the banking system to reinvent itself or die, for what can be more of an invisible hand but a cryptologically guarded, invisible currency.

• Bitcoin Network Speed 8 Times Faster than Top 500 Supercomputers Combined

The bitcoin network hashrate estimate on bitcoinwatch.com passed 1 exaFLOPS (1,000 petaFLOPS) this week – over 8 times the combined speed of the top 500 supercomputers.

The FLOPS estimate is based on the opportunity cost of computers using their hardware for mining instead of other applications. Miners are using their graphics cards to perform hashes instead of other FLOPS-based distributed computing.

• Department of Homeland Security Shuts Down Dwolla Payments to and From Mt. Gox

The Department of Homeland Security appears to have shut down the ability to use Dwolla, a mobile payment service, to withdraw and deposit money into Mt. Gox, a Bitcoin trading platform. A Dwolla representative confirmed the move to Betabeat.

• Dwolla no longer allowed to do business with MtGox?

— Spending Your Coins —

• 21 Things I Learned About Bitcoin From Living On It For A Week

I lived on Bitcoin for a week. This is what I learned.

• Humble Bundle now accepting Bitcoin using Coinbase bitcoin merchant tools

Humble Bundle, known for its flash sales of millions of $s worth of games from high quality developers, is now accepting Bitcoin using Coinbase merchant tools.

• Mobile Gift Card App Gyft Partners With BitPay To Start Accepting Bitcoin Payments In Its Android App

Mobile gift card company Gyft has partnered with BitPay to start accepting bitcoins within its app.

This is a big partnership for both, as BitPay’s CEO, Tony Gallippi, says that the company currently processes $5 million per month in bitcoin transactions for its merchants. Gyft allows you to purchase gift cards at more than 50,000 retail locations in the U.S., including Brookstone, Lowe’s, GAP, Sephora, Gamestop, American Eagle, Nike, Marriott, Burger King and Fandango. So, technically, you’ll now be able to use bitcoin to pay for a Whopper.

• Gyft – Mobile Gift Card Wallet

• BitPremier

BitPremier’s mission is to provide astute buyers in the Bitcoin community with access to unique, high-end luxury items and opportunities. We believe in a customer-centric, secure, and friendly marketplace environment where we give individual attention to every item proudly listed on our site.

BitPremier is backed by the NYC-based Bitcoin Opportunity Fund. Other investments of the fund include CoinLab, BitPay, BitSpend, OpenCoin/Ripple, Coinsetter, TradeHill, and Coinapult.

• Pot Shops Can’t Take American Express or Deposit in Banks – Bitcoin Opportunity?

“We’re just looking for a solution where we can bank legitimately like any other industry,” Smith said. “Wherever you stand on the marijuana issue, it serves everybody’s interest to have banking access.”

Aaron Smith, executive director of the Washington-based National Cannabis Industry Association

• Bank officials say they are complying with federal law:

At Wells Fargo, “our policy of not banking marijuana dispensaries is based on applicable federal laws and our own assessment of our responsibility,” said Seitz, the bank’s spokesman.

American Express Co. (AXP), the biggest U.S. credit-card issuer by customer purchases, “has made a decision to not allow card acceptance for medical marijuana,” Sanette Chao, a spokeswoman for the New York-based company, said by e-mail. “It is our policy to adhere to federal law in such matters.”

• Credit Card Processors & BitPay Discriminate Against Medical Marijuana

U.S.-based BitPay, has refused to enter the fray. As a processor, BitPay offers same-day conversion of merchant bitcoin into a US dollar bank account. CEO Tony Gallippi explained in an interview that although several have applied, “medical marijuana is not allowed in our terms of service.” Of course to be consistent, other merchant types not allowed by BitPay include ecstasy, MDMA, any controlled substances, weapons, gambling, and sports betting. They will however support transactions for file sharing, storage/backup services, and VPN services, because “freedom of information is important.”

Enter the Silk Road

• Underground Website Lets You Buy Any Drug Imaginable

Making small talk with your pot dealer sucks. Buying cocaine can get you shot. What if you could buy and sell drugs online like books or light bulbs? Now you can: Welcome to Silk Road.

• r/Silkroad

• Sites:

• Bitspend | Spend Bitcoins Anywhere! Purchase anything online and pay with Bitcoins

• BillPay For Coins – Pay bills using bitcoin!

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• Donate to the network with your worthless fiat or your fancy bitcoins!

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  1HE36CMdeYCF9N7rmpfa5BwKMGb1PfkNyD

The post Spending Your Coins | Plan B 6 first appeared on Jupiter Broadcasting.

We answer your Mining questions, and face reality: difficulty is up, ASICs are hitting the market, and it’s getting hot outside. Should you still mine bitcoin?

Plus the surge in alternative crypto-currencies, ESEA League\’s DRM slips in a bitcoin miner, new regulators looking at bitcoin, and a Bitcoin health check.

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• Canada Coins & a New South Africa Exchange

• listentobitcoin.com

• New Project Coingig.com

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— Discussion —

• E-Sports League Mined Bitcoins with Subscribers\’ Computers [UPDATE]

ESEA League, one of the largest PC gaming leagues, has admitted to putting code into the league\’s client software to \”mine\” bitcoins

• U.S. Regulators Eyes To Take Control Of Bitcoin | BTCPedia

The U.S. CFTC (Commodity Futures Trading Commission) considering whether the digital currency falls under their supervision. The alternative currency is \”certainly something we need to investigate,\” said CFTC Commissioner Bart Chilton to the Financial Times.

• Futures contract

Regulate Bitcoin? https://i.imgur.com/g3CiTx3.png

• Massive Bitcoin Business Partnership Devolves Into $75 Million Lawsuit

Gawker has learned that a much-hailed partnership between two of the most prominent players in Bitcoin, Mt. Gox and CoinLab, has devolved into a nasty $75 million lawsuit, which appears to be by far the biggest Bitcoin-related lawsuit ever.

• IAAL: Why the CoinLab v. Mt. Gox lawsuit is ho-hum

First, it\’s just a lawsuit. Thousands are filed every day. Breathe. From the complaint, it looks like CoinLab had an agreement with Mt. Gox. CoinLab probably paid a pretty penny (er, satoshi) for that agreement. CoinLab is now alleging that Mt. Gox is not holding up its end of the bargain. What would you do in this situation?

Health Check

• $1 billion in bitcoin was traded in April—16 times the previous record

In April, $1 billion worth of bitcoins was traded across all exchanges, according to an aside in the complaint bitcoin startup Coinlab just filed against the world\’s largest bitcoin exchange, Mt.Gox. Just a month prior, only $60 million in bitcoin was traded, estimates Jeremy Liew, a managing director at Lightspeed Venture Partners.

• Coinbase Now Processing $15M Per Month In Bitcoin Buys and Sells

Back in February we announced that over $1M USD worth of bitcoin was being bought and sold each month on Coinbase.

Here we are a little less than 3 months later and we\’re now doing $15M USD per month of bitcoin buys and sells.

• Bitcoin Client Downloads in China surge: Download Statistic

• Kashmir Hill – Lives on Bitcoin for a Week

Mine or Not to Mine?

• Hardware Picks Chris’ Uses:
  [asa]B007L5M63G[/asa]
  [asa]B000RGF29Q[/asa]

• Digital Drills: The Monster Machines that Mine Bitcoin

What started as a pastime any computer could dabble in has spurred the evolution of truly ridiculous powerhouse Bitcoin mining rigs. Meet the monster machines more powerful than everything you\’ve ever owned, combined. By a factor of thousands.

• My Mining MANshop! in the attic.

• Darrall Proves Where there is a Will There is a Miner

Good Resources

• Mining hardware comparison · litecoin

• Bitcoin Mining Calculator

• Bitcoin mining profitability calculator | Bitcoinx

• Comparison of mining pools – Bitcoin

• 50miner – Bitcoin Miner

• P3 International P4460 Kill A Watt EZ Electricity Usage Monitor

• Electrum Bitcoin Client

• burnside\’s Litecoin Mining Pool (LTC) – LTC Mining Calculator

• Future:

• [Announcement] Block Erupter USB

• Bitcoin Mining Hardware | Bitcoinx

• How to Buy ASICMiner Shares

• Litecoin Mining Pool Comparison

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• Donate to the network with your worthless fiat or your fancy bitcoins!

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The post To Mine or Not to Mine? | Plan B 5 first appeared on Jupiter Broadcasting.

We chat with the creator of BitVegas, how it works, his plans for the future, and how he keeps users bitcoin\’s secure. Plus his thoughts on possible legal issues facing bitcoin gambling sites, Litecoin for gambling, and more.

Plus we run through some of the best Bitcoin news we’ve ever heard yet, using bitcoin for a cause, and some practical security tips.

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• My 2 cents on the image issue

• How Bitcoin can make a difference for people living under oppression.

• Andre writes:

Hey Drew and Chris what do you guys think of this idea: BCtip – Printable Bitcoin Tips

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Call in and briefly describe your mining setup. We’re prepping for a mining edition of Plan B, and want to hear what you’ve got! From one GPU to a super secret CIA lab full of ASICs!

— Discussion —

• PayPal president is fascinated by Bitcoin, says company is ‘thinking about’ including the virtual currency

So I\’ve been spending a lot of time looking at it, and it\’s truly fascinating actually: the way that the currency\’s been designed, and the way that inflation is built in to pay for miners, and all that is truly fascinating. I think that for us at PayPal, it\’s just a question whether Bitcoin will make its way to PayPal\’s funding instrument or not. We\’re kinda thinking about it.

• Chris Dixon: Why Silicon Valley Is Obsessed With The Bitcoin

Chris Dixon is co-founder and CEO at Hunch at a co-founder at Founder Collective. In the past he has served as CEO and co-founder at SiteAdvisor.

He has invested in technology companies including Skype, Foursquare and Kickstarter. In 2010, BusinessWeek magazine named Dixon the top angel investor in the technology industry.

Chris Dixon, like many other Silicon Valley investors, is really excited about Bitcoin. He says he\’s invested a significant amount of money into it.

Dixon spoke about why he and the rest of Silicon Valley are excited about Bitcoin, and what types of Bitcoin startups he\’s looking to invest in.

• Another Big VC Says Bitcoin Is \’Gold 2.0. It\’s a Huge, Huge, Huge Deal

Chamath Palihapitiya, venture capitalist, former head of the AOL Instant Messaging division, former Facebook executive, part owner of the Golden State Warriors (NBA)

Think the recent collapse in Bitcoin\’s value was the end of the experimental currency\’s, um, currency? Not even close, says Chamath Palihapitiya, the longtime Facebook executive who now runs The Social + Capital Partnership.

Likening Bitcoin to the \”red pill\” from the movie \”The Matrix,\” which exposes those who take it to a hidden reality, Palihapitiya sounded as bullish as could be during a Q&A at TechCrunch Disrupt NY on Monday morning.

BitVegas

• BitVegas: A casino, a faucet, and most of all, a community.

BitVegas is a Minecraft casino that operates on Bitcoins. It has a very friendly community as well as fun games.

If you enjoy gambling, bitcoins or socializing then you should come and join this server. It usually has at least fifteen players online during the day and up to forty at night (usually thirty). Upon joining you get 5 play BTC to gamble with. These can not be exchanged for any real Bitcoins. However, you also get half a real mBTC (possibly going up soon to 1 mBTC or more) per fifteen minutes. You can use these to gamble on games such as poker(still in beta), roulette, blackjack, pig racing(think horse racing with pigs), minefield, and a lottery (the lottery ticket seller is a chicken who usually hangs out in the roulette room).

The Bitcoins in this server can be exchanged for real Bitcoins to be sent to your wallet.

The player base is very friendly and we often have discussions and debates both related and unrelated to Bitcoins. It\’s a very friendly community as well as a source of free Bitcoins and entertainment.

— Litecoin —

• Mt. Gox delays plan to support virtual currency litecoin

The Tokyo-based exchange said in a news release it was planning to support litecoin two weeks ago \”but events derailed that plan. Right now we are focused on overall stability of the exchange and will launch LTC [litecoin] when we are ready.

• Sent in by James: Coinotron, ltcmine.ru, btc-e.com and give-me-ltc.com are experiencing massive brute force attacks.

A good reminder to use a different password at every pool you try, periodically check your payout address to make sure no one hacked you and changed it to pay them instead of you.

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• Donate to the network with your worthless fiat or your fancy bitcoins!

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The post Inside BitVegas | Plan B 4 first appeared on Jupiter Broadcasting.

Butterfly Labs has shipped the first batch of their ASIC miners. David Perry joins us to chat about his 5GH/s Bitcoin miner, his experiences mining over the past week, and what he believes is Bitcoin’s image problem.

Plus: Have we reached a turning point for Bitcoin Mt Gox DDoSing? Bitcoin’s moment on the Colbert Report, the downside to Litecoin, your emails, and much more!

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• 3D printing for Bitcoin and Litecoin

• Is there some way to transfer bitcoins without paying the 0.05 transfer fee?

• Can different clients have different transaction fees?

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— Discussion —

• bitfloor

I am sorry to announce that due to circumstances outside of our control BitFloor must cease all trading operations indefinitely. Unfortunately, our US bank account is scheduled to be closed and we can no longer provide the same level of USD deposits and withdrawals as we have in the past. As such, I have made the decision to halt operations and return all funds.

• The Bitcoin Bubble Explained, Colbert-Style (Video)

Leave it to Stephen Colbert to cut through the chatter about bitcoins with his own brand of high-octane, self-interested analysis. In a segment about bitcoin trading that aired last week on The Colbert Report, Colbert posed: “If you don’t know what Bitcoin is — want to buy some bitcoins?”

• BitCoin, Or BetaCoin? What The Venture Capitalists Are Thinking

The next chapter of the story, he believes, will be the entry of a host of \”Smart money\” venture capitalists looking to build the currency\’s infrastructure.

• Have We Reached A Turning Point For Bitcoin Exchange DDoS?

Unlike past DDoS attacks, something very interesting happened yesterday: nothing. Trades trickled through and prices barely moved, remaining in a tight band for hours. The implications of that could be tremendously positive.

• Butterfly Labs ship Jalapeños ASIC Bitcoin miners to customers

The day has arrived, the Butterfly Labs forum Latest Update reads \”Jalapeños are making their way to their new homes. https://ow.ly/i/1WUo4″.

While there is no mention yet of numbers that have been shipped or when the other Butterfly Labs devices like the BitForce Single or Little Single will be shipping this will be welcome news to bitcoin miners everywhere.

• Shipping Update – Blogs – Bitcoin Mining Forum – Butterfly Labs

Monday 4/22 shipped 4 Jalapenos. 1 Customer and 3 developer units.

Tuesday 4/23 3 more to ship today to customers.

As we get ramped up here I won\’t be telling you how many we ship each day–just what day the orders were made that we are shipping. Right now I just want you to know the magnitude of the number of units so you can see we are not blowing these products out the door in great numbers. That will come later.

David Perry Gets a BFL Jalapeno, shares his Unboxing and Demo

• BFL Jalapeno Unboxing and Demo

BFL was kind enough to send me a pre-release demo unit so I could show everyone the awesomeness.

• Bitcoin\’s Image Problem

No matter what your personal politics say about Mr. Bernanke up there, you\’ve got to admit he looks pretty professional. Now what does the average mental image of a Bitcoiner look like?

• Coding In My Sleep – Dave’s Site

— Litecoin —

• Who is working on the JB Litecoin Pool?

• Real-time BTC-e LTC/USD chart

• Litecoin As a Means of Transactions (pros/cons list)

• Enjoying LTC, but some questions

— Grab Bag —

• bitcoinstatus.org

• Blockchain infographic)

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• Donate to the network with your worthless fiat or your fancy bitcoins!

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The post Flight of the Butterfly | Plan B 3 first appeared on Jupiter Broadcasting.

Is Bitcoin an environmental disaster? Recent reports claim Bitcoin mining draws as much power as 31k American homes. We bust the FUD.

It seems obvious to us, but lets face it, people just don’t get it. It’s early days for bitcoin, calling the last weeks events “the end of bitcoin” is just straight up FUD and we’ll break it down.

Plus why those of you worried about deflation just aren’t seeing the big picture, the important new bitcoin loving merchants, and Litecoin could save us all.

All that and so much more!

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• Could you guys talk about the different exchanges a bit?

• First Reactions

• Plan B on the JB Calendar?

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— Discussion —

• OKCupid starts accepting Bitcoin using Coinbase!

We’re proud to announce you can now find true love with Bitcoin by using OKCupid! This is one more step forward for bringing Bitcoin to the masses – one date at a time.

• Virtual Bitcoin Mining Is a Real-World Environmental Disaster

• What Bitcoin teaches us about the Internet’s energy use

Blockchain.info, a site that tracks data on Bitcoin mining, estimates that in just the last 24 hours, miners used about $147,000 of electricity just to run their hardware, assuming an average price of 15 cents per kilowatt hour … That’s enough to power roughly 31,000 U.S. homes, or about half a Large Hadron Collider.

• Myths -Bitcoin mining is a waste of energy and harmful for ecology

No more so than the wastefulness of mining gold out of the ground, melting it down and shaping it into bars, and then putting it back underground again. Not to mention the building of big fancy buildings, the waste of energy printing and minting all the various fiat currencies, the transportation thereof in armored cars by no less than two security guards for each who could probably be doing something more productive, etc.

As far as mediums of exchange go, Bitcoin is actually quite economical of resources, compared to others.

• Gavin Andresen, Bitcoin Architect: Meet The Man Bringing You Bitcoin (And Getting Paid In It)

New bitcoins are generated, or \”mined,\” when computers succeed at solving increasingly complex equations. Bloomberg recently described this mining process as an \”environmental disaster\” because of the energy required to power the machines working on the problems.

The bitcoin mining process incentivizes people to be as efficient as possible and use as little power as possible to create bitcoins and to validate the transactions. The more efficient you are, less you spend on electricity and the more profitable you\’ll be. In the future, I expect to see bitcoin mining in places where electricity is free or cheap. You could put solar array in the Arizona desert attached to bitcoin miners and instead of trying to ship that electricity all over world, you could ship Bitcoin all over the world. The output of bitcoin mining is heat. You\’ll see bitcoin mining happening in places where people need heat anyway. I could imagine bitcoin heaters that, in addition to generating heat, generate bitcoin.

• 21 million coins isn\’t enough; doesn\’t scale

There are just over 2 quadrillion maximum possible atomic units in the bitcoin design.
Comparing 1 BTC to 1 Dollar is a bit disingenuous. We subconsciously make this connection in our minds when watching markets and a BTC’s price relative to the dollar, but in terms of money supply, ~21 million total bitcoins isn’t quite what it seems. 1 BTC = 100,000,000 Satoshis (A Satoshi is the smallest unit of measurement within bitcoin).
In the future, with further adoption, we (potentially) won’t be thinking of exchanging in whole bitcoins, but in tiny fractions of bitcoins (bitcents, millibitcoins, microbitcoins). In normal inflationary currencies, the number of currency units in existence consistently increases, supposedly to match the demand for these units and prevent the value from increasing. Bitcoin scales by dividing bitcoins into tiny fractions, not by increasing the total supply. Other mainstream currencies don’t have the capacity to divide to this degree, nor would there be any need to since the smaller units would consistently lose purchasing power.

• Do other Crypto currencies like LTC and PPs act as a new type of inflation to bitcoin? IE, while there are a set number of bitcoins, they are going to be numerous general purpose crypto-monies.

• [Gimp-developer] Added Bitcoin donation option

There has been demand for a Bitcoin donation option for some time already. We had delayed that option because we couldn\’t really use Bitcoins per se – I still do not know about any place where plane tickets are for sale, and these are our biggest expenses overall.

But there are finally some reliable exchanges popping up, which are located in countries where the responsible treasuries regulate them like any other exchange (i.e. not the Cayman Isles
More recently I chose to delay adding the address due to the current Bitcoin hype, with prices well over USD 200 – I didn\’t want GIMP to appear like an opportunist who\’s just after quick money.

• Bitcoinary

Bitcoinary a peer to peer exchange and reputation system. Trade Bitcoins with trusted people.

— Litecoin —

Mattias Writes:

Hi Chris and Drew!

I just started mining bitcoin and litecoin, both on CPU, and
I have found that you can mine bitcoin and the system will
run just as smooth as if you did not mine, while litecoin will
make you system very jaggedy. Therefore I\’m mining litecoin
when I am not using my computer and bitcoin when I am
using my computer.

• Mt Gox to Start LTC Trading Soon

• Why Litecoin is Set to Skyrocket

• Litecoin JB Mining Pool?

— Watch Live —

Tuesday 2pm PDT / 5pm EDT / 9pm GMT

• JbLive.tv

— Plan B Subreddit —

• Plan B Show

— Contact us —

• Chris on G+
• Drew on G+

— Music —

• Thanks to Ronald Jenkees and his fantastic track 7 Times

— Support the Show —

• Donate to the network with your worthless fiat or your fancy bitcoins!

• Tip address:

1HE36CMdeYCF9N7rmpfa5BwKMGb1PfkNyD

The post Just Getting Started | Plan B 2 first appeared on Jupiter Broadcasting.

From the trenches of discount Wednesday, we launch the beta of our new show: Plan B. We look at the media’s slowly improving bitcoin coverage, discuss the major selloff today, and why people shouldn’t fixate on the price.

Plus: the Mt. Gox problem that faces the bitcoin community, and how it gets gamed.

Then a look at the self appointed “face of bitcoin” Max Keiser and the big money he’s trying to get involved in bitcoin speculation, and brief Litecoin chat…

And so much more!

Direct Download:

MP3 Audio | OGG Audio | Video | Torrent | YouTube

RSS Feeds:

MP3 Feed | Video Feed | Torrent Feed | iTunes Audio | iTunes Video

Show Notes:

— Getting Started —

Through the lens of the ever increasing media coverage of Bitcoin, we\’ll explain some of the reasons we find bitcoin fascinating. And the fundamentals we believe show bitcoin\’s about to see an availing of new uses and speculators.

Previous Jupiter Broadcasting Coverage of Bitcoin:

• Bitcoin Explained | TechSNAP 9 June 2011
• Perfect Passwords Tips | TechSNAP 11 We cover an early Mt Gox hack
• Amplifying the Hype | TechSNAP 104 We Bring back the Bitcoin Blaster segment

— Discussion —

• Bitcoin price fluctuates wildly after massive run-up, losing up to 50 percent of value

• Bitcoin Suffers A Correction Amid Apparent DDOS Attacks On Some Exchanges | TechCrunch

• Nick Colas | LinkedIn

• Bitcoin 2012 London: Max Keiser – YouTube

• Max Keiser | Financial War Reports

• Keiser Report — RT Shows

• Bitcointip Reddit Bot

• BitVegas | A new world of bitcoin gaming

— Litecoin —

• Litecoin

• Litecoin – Bitcoin

• WeMineLTC.com

• burnside\’s Litecoin Mining Pool (LTC) – My Stats

• EasyLTC–The Easiest Litecoin GUIMiner!

• ScryptMiner GUI – Simple GUI for Litecoin mining

— Watch Live —

Tuesday 2pm PDT / 5pm EDT / 9pm GMT

• JbLive.tv

— Plan B Subreddit —

• Plan B Show

— Contact us —

• Chris on G+
• Drew on G+

— Music —

• Thanks to Ronald Jenkees and his fantastic track 7 Times

— Support the Show —

• Donate to the network with your worthless fiat or your fancy bitcoins!

The post BETA | Plan B 1 first appeared on Jupiter Broadcasting.