The Chicago Booth School of Business is somewhat famous in certain circles for its surveys. They’ve got a hard-line to some of the most respected and influential economists of our era and when they take a poll it’s usually understood that what you’re looking at is the voice of some of the most prominent experts [...]
There’s been some drama recently over the removal of a few names from the list of potential interviewees posted at bitcoin.org. Despite being some of Bitcoin’s biggest proponents, Roger Ver and Jon Matonis are apparently too extreme to represent our fledgling currency to the media. But this latest act is just a symptom of a [...]
CNBC.com Senior Writer Jeff Cox recently wrote a scathing article entitled “Bitcoin Bubble: How ‘Geeks’ Sent Prices Parabolic” that attracted quite a few anti-Bitcoin remarks in the comments and had no shortage of such remarks in the article itself. Of course, like most hyperbolic bile-filled reviews on this topic, he didn’t even bother to do [...]
One common pet peeve of mine has always been merchants that either didn’t understand or simply refused to play by the acceptance rules for the credit cards they accepted. Back when I still used PayPal, I had retailers refuse my perfectly-valid MasterCard-logo-bearing debit card because it also had a PayPal logo – something they’re not [...]
Look out MtGox, Bitcoin-Central just beat you to one hell of a punch. While this may not mean a lot to my American readers, those of you across the pond in various parts of Europe will be excited to hear that popular European Bitcoin exchange Bitcoin-Central just became the first such exchange to be licensed [...]
There has been a lot of chatter lately about an impending event that represents a drastic change in the world of Bitcoin: In about 3 days the block reward is going to be cut in half from 50 BTC to 25. While it’s immediately obvious that this has potentially severe implications for miners everywhere, there [...]
Once upon a time, money was something people spent a lot of time getting but not a lot of time considering the nature of. Our money was valuable – it was something we all just assumed and the world did nothing to make us question that assumption. Our money just plain worked. The times, they [...]
A few minutes into explaining Bitcoin to the uninitiated, the discussion invariably starts leaning in a particular direction and then “the question” gets asked: “Obviously some people think they’re valuable, I mean they’re buying them at those exchanges you told me about but I just don’t see it – how are bitcoins actually worth anything?” [...]
An audio recording entitled The future of Bitcoin: new applications and rebuilding the banking system has been making the rounds. The talk hails from the Bitcoin 2012 conference last weekend in London. In it, BitcoinJ author Mike Hearn discusses some of the shortcomings of both Bitcoin and the standard banking model and how the Bitcoin protocol [...]
There’s a new report from the Business Sofware Alliance (pdf warning) that claims, among other things, that fully 57% of the world’s PC users admit to pirating software. I can’t speak to the veracity of this statistic or anything else in the report – the BSA hasn’t got the best track record after all, largely [...]
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