Satoshi Nakamoto is the founder of Bitcoin and initial creator of the Original Bitcoin client. He has said in a P2P foundation profile that he is from Japan. Beyond that, not much else is known about him and his identity. He has been working on the Bitcoin project since 2007. His involvement in the Bitcoin project had tapered and by late 2010 it has ended. The…
Guest post: David Pinski, Chief Strategist for Financial Innovation at Hitachi’s Global Center for Social Innovation As with any new technology, those developing blockchain and distributed ledger technologies (DLT) are developing a new vocabulary to define and describe the relevant components and systems. This new vocabulary matters to more than the people that…
An image depicts the SatoshiDice website, which exclusively uses Bitcoin, not dollars, for gambling. NPR hide caption toggle caption NPR An image depicts the SatoshiDice website, which exclusively uses Bitcoin, not dollars, for gambling. NPR With no government ties, Bitcoin is used to buy everything from blogging services to Brooklyn-made cupcakes. Theoretically…
In this post I’m going to describe my ongoing experiment of porting Bitcoin Core to CloudABI. I think the capability-based approach of CloudABI is a conceptually great way of going about the problem of containing applications, and it might be a harbinger of things to come in computer security. Bitcoin Core is a good example of an existing, moderately complex…
Steemit’s ‘trending’ forum “It’s internet points, like you have on Reddit, but now those points have real market value, ” says Scott. “People are earning money for doing the things they were doing for free before. People spend all this time creating free content for social media companies, and now they can be rewarded.” That sounds pretty good. And indeed, multiple…
Like any other asset that has a market price, it s all a matter of supply and demand. The supply side is relatively trivial, the protocol allows for a fixed amount (25 bitcoins at the time of writing) to be produced every tenth minute, this reward is cut in half at regular intervals, and with this algorithm there will never be more than 21 million coins. However…
As I mentioned in my previous blog post, when I try to fully understand a new technology, I like to explore multiple aspects of it. Sometime I’m lucky and I end up making some money while learning (if only college was like that…). In this post I will show you how to easily make some extra money or increase your Bitcoin stash by spending only a few minutes a day…
The Hyperledger Project Blockchain technology is more concept than reality. Enter Hyperledger! The Hyperledger project is an open source, collaborative project hosted by the Linux Foundation. Its community is comprised of leaders across many industries including finance, Internet-of-Things, technology and more. At the core of its community based projects is Fabric…
The only way to exchange Bitcoin for cash is to find someone willing to trade. In person, this can be slightly inconvenient, since verifying that the Bitcoin have been received involves waiting for confirmations from the Bitcoin network. This is true even if you exchange Bitcoin by sharing the private key to your Bitcoin address, since the recipient will still…
The financial world can be a confusing place full of strange terms, unusual forms of currency, and endless trading options. Unfortunately for those who are not so tech savvy, the integration of the internet into our daily lives has allowed the financial world to evolve. In addition to extensive banking, payment, and stock options that have become the norm online…
Load the register with the value 23. Add 4b to the register, that is now 23 + 4b = 6e. Multiply the register by 1e, yielding 6e * 1e = ce4. The register holds the final result, that is ce4. Stack memory Most of the time, we need to track complex program states with variables . In C, depending on whether a variable is allocated statically or with malloc, it’s…
2013 was a breakout year for bitcoin. While many people are still trying to grasp the concept of “what exactly is a bitcoin?”, even more businesses are starting to ask the question “do we need to care?” With any new technology there are going to be advantages and disadvantages, risks and rewards. Bitcoin is no exception. Today I want to explore the idea of why…
On this page we present an automatically updating ( daily ) bitcoin return calculator . Enter any two dates since July of 2010, and we will compute the annual and total returns on money invested in bitcoin between those two dates. We also will automatically adjust the quoted returns for inflation, optionally, if you choose the “Adjust For Inflation (CPI)” option…
In the financial world, value is everything. Understanding the true value of a stock, a commodity or currency can be a complex process involving things like free cash flows, asset-based analysis and other arcane concepts, but the underlying idea is pretty simple. “Is this thing I want to buy worth the asking price?”. If it’s valued too high, it’s probably a bad…
Commonwealth Bank of Australia chief information officer David Whiteing has warned the bank s technology halo could slip unless it embraces crypto-currencies like Bitcoin, online assets like air miles, and gets on the front foot with hiring untapped technology expertise. In a wide-ranging briefing at an Australian Information Industry Association lunch in Sydney…
Max Keiser s crypto investment fund Bitcoin Capital has closed a $1.6m equity crowdfunding round. A financial journalist and the host of RT s Keiser Report , Keiser has been an open advocate of cryptocurrencies. He backed his own altcoin, MaxCoin, following its creation by two Bristol University students in early 2014. Describing itself as high risk, high return…
Bitcoin can it become a real-world currency? Photograph: Matt Cardy/Getty Bitcoin is one of the first attempts to create a real-world currency with no governments, no central banks, and no rules It started, and ended, with a click. With one touch of a mouse, a hacker managed to transfer 25, credits of online currency – then worth almost $500, dollars – to…
Trump s victory in the presidential election, combined with a Republican Congress, is making for quick changes to the investment landscape. The dollar has rallied and will likely continue with volatility. The peso has already dropped quickly with Trump s win. At the same time, many countries, including China, are trying to devalue their currencies to keep their…
Bitcoin is secure money for the internet. You can pay without handing out sensitive financial information, and you don t need an account. Get a wallet First you ll need a bitcoin wallet – an app that lets you receive, hold, and spend bitcoin. To learn more, check out our Bitcoin Wallet Comparison, where we keep an updated list of options. Buy some bitcoin Once…
Asia’s richest man Li Ka-shing has boosted his investment in bitcoin, in a vote of confidence for the beleaguered digital currency, amid a crackdown on its widespread popularity in China. Despite the price of a bitcoin tumbling from political pressure, the billionaire tycoon has poured an undisclosed amount of money, believed to be worth millions of dollars…
While the debate continues within the Bitcoin community, several altcoins have experienced a significant surge in overall value. Cryptocurrencies such as Dash and Ethereum have conquered new levels in price and market capitalization at a time that coincides with the struggles of Bitcoin as the cryptocurrency seems to be undergoing a significant adjustment in…
On Jan. 29, the governor of the Central Bank of Iran Valiollah Seif officially announced during a national television interview that the US dollar will no longer be used within the country as a response to US President Donald Trump’s controversial temporary travel ban on certain countries including Iran. According to the official statement of the Iranian central…
Today, we are excited to announce the launch of Bitaccess bitcoin purchases at thousands of storefronts across Canada. Customers can now purchase bitcoin using a Flexepin voucher. Available in 6, Canadian retail locations, Flexepin can be bought using cash or a debit card. Buying a Flexepin voucher is like purchasing a gift card. It is bought from a store cashier…
Now that the Bitcoin halving is behind us, the community can breathe a sense of relief. Although no issues were expected, one never knows how markets and miners will react during these historic situations. Albeit the impact on the Bitcoin price is fairly minimal, WSJ reports a 2% decline since the halving. Over the past few weeks, Bitcoin enthusiasts and experts…
Investor Jim Rogers, of Rogers Holdings fame, has said he missed the boat on investing in bitcoin. “If I were smart, I would have bought it in the early days when people first told me about it. I still don t know enough about it to invest in it.” Future of money? Rogers said there have always been great investments around the world, so he was not focused on digital…
This week, a term emerged that many bitcoiners won t have heard before: transaction malleability. Mt Gox cited it as a key reason for suspending withdrawals, and it was also mentioned as the basis for an exploit used in a massive attack against the bitcoin network this week. So, what is it, how does it work, and should we be worried? Here s what we know. What…
First, a blockchain is just a database In and of itself, a blockchain is nothing more than a type of database, a giant spreadsheet, keeping a record of historical transactions (in literally anything) between parties. Accountants call that a ledger. Any ledger needs to be maintained by someone whose role it is to make sure the data accurately reflects the state…
