litecoin – Jupiter Broadcasting

RedHat with Brandon Johnson | Ask Noah 44

chris — Wed, 10 Jan 2018 01:59:18 +0000

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Meltdown & Spectre | Ask Noah 43

chris — Sat, 06 Jan 2018 10:42:38 +0000

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The end of Bitcoin | Ask Noah 42

chris — Tue, 02 Jan 2018 23:51:41 +0000

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2017 Christmas Special | Ask Noah 41

chris — Mon, 25 Dec 2017 23:43:21 +0000

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Monday, December 25th
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Bitcoin & Cryptocurrency | Ask Noah 39

chris — Mon, 11 Dec 2017 21:34:00 +0000

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Bitcoin is Legal-ish | Plan B 20

chris — Tue, 20 Aug 2013 15:57:44 +0000

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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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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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Bitcoin Must Comply | Plan B 15

chris — Tue, 16 Jul 2013 16:19:16 +0000

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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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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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Blame it on Mt. Gox | Plan B 13

chris — Tue, 02 Jul 2013 16:22:58 +0000

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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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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!!

BTC Guild Selling Block Erupter USBs

Litecoin Update:

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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Be Your Own Bitcoin Exchange | Plan B 11

chris — Tue, 18 Jun 2013 16:03:31 +0000

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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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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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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.

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

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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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.”

— 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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Then They Fight You | Plan B 8

chris — Tue, 28 May 2013 15:46:04 +0000

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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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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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To Mine or Not to Mine? | Plan B 5

chris — Tue, 07 May 2013 17:35:29 +0000

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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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— 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.

Good Resources

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

Inside BitVegas | Plan B 4

chris — Tue, 30 Apr 2013 16:40:53 +0000

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

Flight of the Butterfly | Plan B 3

chris — Tue, 23 Apr 2013 16:44:03 +0000

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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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— 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 —

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

Just Getting Started | Plan B 2

chris — Tue, 16 Apr 2013 17:43:38 +0000

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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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— 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.

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.

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

BETA | Plan B 1

chris — Wed, 10 Apr 2013 20:15:08 +0000

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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!

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— 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:

— Discussion —

— Litecoin —

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

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