On MtGox and Transaction Malleability

539046_260611790689902_1703291369_n1

Late last night, as most of us here in the U.S. slept soundly, a statement was issued by MtGox, one of the largest and oldest Bitcoin exchanges. The contents of that statement contained allegations that rocked the Bitcoin world and created a panic that saw market values dip nearly 25%. The allegation posed is that Bitcoin suffers from a critical security flaw that needs to be fixed before Gox feels comfortable using it again. Many parties, including Bitcoin’s own core developers have come forward to defend against these allegations, but what is the actual truth? What exactly is this “Transaction Malleability” vulnerability and how exactly was it exploited against MtGox? [Read more...]

1 tip so far
0.00203856 BTC

Tip With Bitcoin

15Wc7LCpLp448VeTk6NNELbLqhHDTxFXus

Each 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. Vote with your (Bitcoin) wallet!

Market Dip Got You Down? Credit Card Users Had a Worse Week.

credit-card-debt1

Over the last few days, the value of a Bitcoin has dropped dramatically. This is nothing we haven’t seen before, but there are a lot more people in this market now, people who haven’t been through multiple bubbles and crashes, who aren’t hardened and tempered by past experience, people who post the suicide hotline number on Reddit… In these trying times, those people should remember that the fundamentals haven’t changed, and despite all the madness Bitcoin still solves several problems – and here’s one of them: Over the last 2 weeks or so, millions of Target customers had their credit card numbers stolen. [Read more...]

6 tips so far
0.0314267 BTC
(avg tip 0.00524 BTC)

Tip With Bitcoin

1NvaNivnv9RbZyM3HPsZQpZqQXPeFEQ4iG

Each 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. Vote with your (Bitcoin) wallet!

New Bitcoin ASIC Competitor… Or Scammer… Enters the Race

asic2

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 some Bitcoiners are skeptical. [Read more...]

No tips yet.
Be the first to tip!

Tip With Bitcoin

1Ff3rVcQt7wFsaoeF3maatPnZdtW77Wkkm

Each 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. Vote with your (Bitcoin) wallet!

Well of Course I OWN my Competiton

ubercollectable-copy-of-b_0b7740

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. [Read more...]

No tips yet.
Be the first to tip!

Tip With Bitcoin

1J8Zuo746VVte2QhbjAVXx4Hpk1RqQViaD

Each 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. Vote with your (Bitcoin) wallet!

Dwolla Begins PayPal-Style Account Suspensions

dwolla_vs_tradehill

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 didn’t seem to be Bitcoin hostile. Since those early days, tension has built between Dwolla and Bitcoiners and may have just reached the point of no return: Dwolla has moved beyond closing the accounts of those it can prove are operating unlicensed exchanges and has begun closing the accounts of private individuals based on a mere affiliation. [Read more...]

No tips yet.
Be the first to tip!

Tip With Bitcoin

17ozrfpMEQfTr4TJPzdiU8g5uVLvTe1zjE

Each 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. Vote with your (Bitcoin) wallet!