While we’ve all been waiting with bated breath for the latest in the Butterfly Labs saga, or awaiting the arrival of Avalon’s ASIC units, another contender calling themselves “Prime ASIC” claims to have flown in under the radar and developed their own ASIC which they claim is already built, functional and available to order – but [...]
Oh wait, you mean own in a legal sense? Like I’m a co-founder of the company that recently purchased my biggest competitor? No, in that case I don’t. Tip With Bitcoin1A7UU958SZ5J6DeJuL9ijrKf3k2ms5xWZgEach post gets its own unique Bitcoin address so by tipping you’re not only making my continued efforts possible but telling me what you liked. [...]
Within the Bitcoin community, payment processor Dwolla was pretty popular in its time. They were the preferred method of getting into and out of Bitcoin from the U.S. Dollar specifically because they claimed zero chance of chargebacks and appeared to be a small business run by decent people who weren’t necessarily Bitcoin-friendly but at least [...]
Earlier today, Antivirus maker Trend Micro informed the world via blog post that a Trojan disguised as a component of their own virus scanning software was dropping “Bitcoin-Mining Malware.” Other news sites have been quick to follow and of course it’s making the rounds on the forums. Sadly, every last one of them appears to [...]
The outright thievery of content is nothing new on the ‘net. Most of us remember the case of TheOatmeal vs FunnyJunk and its particularly humorous conclusion but sometimes the answers aren’t so cut-and dry. The legalities and specifics of various situations are hardly clear but it seems like the ethics should be. It’s also entirely possible [...]
This entry is part 5 of 6 in the series In Plain EnglishIt seems like ages since anyone has actually taken this argument seriously but every now and then a new accusation that Bitcoin is a Ponzi scheme crops up. Today’s annoying accusation comes from Bitcoin’s Wikipedia page, and there’s a roiling argument over its [...]
I’ve reported on the Bitcoin Savings & Trust fiasco here before, but for the most part I’ve left the topic alone. This in large part because I like to source my information properly and frankly there just isn’t that much (reliable) information about PirateAt40 and his scheme floating around. The sole exception to this rule [...]
While Bitcoin has been attempting to bring money into the modern age, it hasn’t been alone. The Royal Canadian Mint has been hard at work developing their own digital transaction system called MintChip. It touts many of the cash-like features that Bitcoin merchants love and is backed by a governmental entity, so it’s lacking a [...]
A paper has recently surfaced entitled “Two Bitcoins at the Price of One? Double-Spending Attacks on Fast Payments in Bitcoin” which purports to have successfully crafted fraudulent double-spend transactions. It’s an amazing paper and the vulnerability it discloses is a big deal – it’s also 17 pages long and filled with enough arcane-looking math to [...]
In today’s Bitcoin-related headlines, the fellow in the picture to the left is now wanted for fraud. The forum thread detailing the rise and fall of Bitdaytrade (BDT) and Alberto Armandi’s alleged crimes is long and involved, filled with drama and broken English. It’s now come to the point where GLBSE site operator Nefario has [...]
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