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Winklevoss Woes | Plan B 14

chris — Tue, 09 Jul 2013 16:00:05 +0000

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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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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.

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

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.

Bitcoin Will Disrupt Big Media | Plan B 9

chris — Tue, 04 Jun 2013 16:52:23 +0000

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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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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.”