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Is Bitcoin Bombing? | PlanFaux 163

chris — Sat, 08 Feb 2014 12:11:23 +0000

Angela and Chris cover the latest news about bitcoin’s bad week, new places that accept bitcoin, and so much more!

Plus an interactive mailsack!

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— Show Notes: —

Bitcoin Sites:

https://bitcoinity.org/markets

https://buttcoin.org/the-sound-of-buttcoin

https://coinmarketcap.com/

Apple removes BTC App: https://money.cnn.com/2014/02/06/technology/apple-bitcoin/

Russia bans BTC: https://techcrunch.com/2014/02/07/russia-bans-bitcoin/

https://www.reddit.com/r/Bitcoin/

https://www.reddit.com/r/Bitcoin/top/

https://www.theverge.com/2014/2/7/5386222/a-string-of-thefts-hit-coinbase-bitcoins-most-reputable-wallet-service

https://thenextweb.com/insider/2014/02/07/mt-gox-pauses-all-bitcoin-withdrawals-due-to-technical-issues/#!uHfTZ

Tiger Direct: https://www.tigerdirect.com/bitcoin/indexus.asp

Scan: https://www.scan.co.uk/

Overstock: https://www.overstock.com/bitcoin

10 places in the UK https://www.telegraph.co.uk/technology/news/10558191/Ten-places-where-you-can-spend-your-bitcoins-in-the-UK.html

Forbes 10 places: https://www.forbes.com/sites/jonmatonis/2013/05/24/top-10-bitcoin-merchant-sites/

https://www.weusecoins.com/en/

Throwing out your bitcoin: https://www.forbes.com/sites/kellyphillipserb/2013/11/30/from-treasure-to-trash-man-tosses-out-bitcoin-wallet-on-hard-drive-worth-9-million/
https://www.bitcoinx.com/

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The post Is Bitcoin Bombing? | PlanFaux 163 first appeared on Jupiter Broadcasting.

Regulation Dooms Bitcoin? | Plan B 17

chris — Tue, 30 Jul 2013 16:43:57 +0000

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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

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.

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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— 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.”