Dwolla – Jupiter Broadcasting https://www.jupiterbroadcasting.com Open Source Entertainment, on Demand. Mon, 22 Feb 2016 02:47:36 +0000 en-US hourly 1 https://wordpress.org/?v=5.5.3 https://original.jupiterbroadcasting.net/wp-content/uploads/2019/04/cropped-favicon-32x32.png Dwolla – Jupiter Broadcasting https://www.jupiterbroadcasting.com 32 32 Bitcoin vs The Banks | Plan B 12 https://original.jupiterbroadcasting.net/39422/bitcoin-vs-the-banks-plan-b-12/ Tue, 25 Jun 2013 16:19:31 +0000 https://original.jupiterbroadcasting.net/?p=39422 Getting money into Bitcoin has come under attack this week, we’ll run down the stories that paint a troubling picture for Bitcoin.

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

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.\”

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.

Exchanges Worth Checking Out:

Watching the Price on the Go:

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.

Litecoin Update:

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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]]> Amir Taaki & #Bitcoin 2013 | Plan B 7 https://original.jupiterbroadcasting.net/37516/amir-taaki-bitcoin-2013-plan-b-7/ Tue, 21 May 2013 17:31:35 +0000 https://original.jupiterbroadcasting.net/?p=37516 We chat with Amir Taaki about Libbitcoin, and how it could enable a new generation of Bitcoin powered applications and services. Plus a wrap up of #Bitcoin2013.

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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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Bitcoin 2013: The Future of Payments Wrap Up

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.

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.

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.

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.

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 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 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.

Amir Taaki giving a talk about Async Programming at Brmlab hackerspace

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 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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]]> Spending Your Coins | Plan B 6 https://original.jupiterbroadcasting.net/37176/spending-your-coins-plan-b-6/ Tue, 14 May 2013 16:24:59 +0000 https://original.jupiterbroadcasting.net/?p=37176 We’ll cover some of our favorite ways to buy things with bitcoin, and chat with Forbes writer Kashmir Hill about her week of Living on Bitcoin.

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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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Frequently n00bed

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

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

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.

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.

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.

— Spending Your Coins —

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

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 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.

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.

“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.”

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

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.

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