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16

Here are a list of blogs/sites I follow to keep up with bitcoin news: reddit/r/bitcoin - user aggregated bitcoin links/topics, usually anything notable will be posted here. Bitcoin Magazine - also available as an actual physical print magazine. Cryptocoin News - mentions altcoins, but Bitcoin is most prominent CoinDesk - a relatively new entrant to the ...


9

After digging some more and finding pretty much every possible interpretation on different media outlets, I just called Nick Riegger, the press spokesman of Fidor Bank AG. According to my conversation with Nick Riegger: Fidor Bank AG has already started implementing support for Ripple on their back end. They will first be on the lookout for business ...


8

Gavin Andreson has tweeted this: https://twitter.com/gavinandresen/status/311290936527298561 The bitcointalk post linked by Gavin is a post by Peter Wuille, which says this: Hello everyone, there is an emergency right now: the block chain has split between 0.7+earlier and 0.8 nodes. I'll explain the reasons in a minute, but this is what you need to know ...


7

Yes - it's feasible. Bitcoins are released at a constant rate determined by the protocol. At the time, 50 Bitcoins were being generated for every block(this is now 25); and blocks are supposed to be found every 10 minutes. Miners compete amongst each other for this prize. In 2009, you could mine using your computer's CPU and you were only competing with ...


6

There have been plenty of dollars spent on lawyers by Mt. Gox, BitInstant and others, but for specific legal issues. For instance, a decision after Mt. Gox sued its bank in France: https://bitcointalk.org/index.php?topic=41317.0 There is the CryptoCurrency Legal Advocacy Group: http://en.bitcoin.it/wiki/Cryptocurrency_Legal_Advocacy_Group http://www....


5

Adding to my answer on What are some of the proposed ideas to why the Bitcoin dropped to sub $400 in the end of summer 2014?, which I think is still mostly accurate: Bitstamp loot There are about 19k bitcoins held by the hacker that raided Bitstamp. While, as far as I know, they haven't found their way back into the market, it is an amount that would ...


5

The core developers are listed on the main Bitcoin page, while everyone that contributed code are listed on the About page. Probably the most up-to-date info on what is happening with the code would be on the GitHub repo.


5

Paul Krugman, who is apparently the "17th most widely cited economist in the world today", wrote this article in Sep 2011: http://krugman.blogs.nytimes.com/2011/09/07/golden-cyberfetters/ Personally, I'm not convinced that Krugman fully understands Bitcoin though (after all, it has substantially different properties to other money), and I'm not the only one....


4

Personally, besides the forums and SE, I'm following the sub-Reddit.


4

The simple answer is that there is a constraint on the total number of coins that will be generated. In economy the fact that the supply of newly minted coins is either constraint by a constant rate at which they enter the market or, like in Bitcoin's case, even that the total number that will ever be in circulation be limited. Due to how the amount of ...


4

Jeff Garzik received an Avalon miner on january 30th, 2013 and posted pictures at http://garzikrants.blogspot.com/2013/01/once-upon-time-in-china-package-shipped.html and http://garzikrants.blogspot.com/2013/01/avalon-modular-room-to-expand.html The next day he posted a review at http://garzikrants.blogspot.com/2013/01/avalon-asic-miner-review.html For ...


3

1) I don't know anyone actively uses Bitcoin, or other altcoin, that is not mining it and/or trying to profit from it. 2) Bit coin price fluctuates, so as a business I would only use it to process a transaction and then convert it to cash ASAP. 3) Why is everyone losing Bitcoin in the news? True cash gets lost or stolen, but this make me fearful that my ...


3

I think that the "Euclidean Constraint" just refers to the hard limit of 21million. It's a line on a graph to which the number of bitcoins approaches but never reaches. One of the problems with fiat currency is knowing how much to print. If you don't print any then, over time, the currency is bound to get more and more valuable. That's because we are ...


3

Press inquiries to me really picked up after the Forbes article came out in the print edition of that magazine. I think that "mainstream press" mention started the publicity avalanche that fueled the bubble, although I'm a pattern-matching monkey like everybody else so take my opinion with a big grain of salt.


3

Bob Murphy spoke about Bitcoin in his Reddit Ask Me Anything video http://www.youtube.com/watch?v=wyUNdzLwte4&feature=youtube_gdata_player He commented in relation to regression theorem. Many Austrian economists believe that Bitcoin violates Mises' regression theory, as if Von Mises was supposed to predict computationally ensured persistent logical ...


3

The Bitcoin Foundation is a non-profit corporation started by some of the most respected members of the Bitcoin community created to accelerate the global growth of Bitcoin. They follow the model of open source bodies like the Linux Foundation, or the Tor Project. The foundation at the moment consists of five board members. During the first term the board ...


3

Nothing in the litecoin protocol changed, only a tool to mine litecoins using GPU was independently developed: the Reaper and caused difficulty to improve to make CPU mining much less efficient (compared to electricity price). Still, the rise of diffculty is not so dramatic as was the case for bitcoin and scrypt algorithm has proved its worth. CPUs can still ...


2

There were 3 BTC paid on the "release" side, and 0.72 BTC paid on the "don't release" side. So it brought in under $50 USD worth. And the deadline passed with no tax returns. http://www.dailydot.com/news/blackmailers-50-dollars-bitcoin-romney-taxes/


2

There was quite a hype in the US about how bad Bitcoin is, and how they were going to crack down on it. I suppose this report comes from those feelings. Liberty Reserve has actually been closed recently, by the police forces. Their interest is chiefly identifying and, if possible, removing threats. The EU actually has a similar (but better) report, to ...


2

There were events that coincided with Bitcoin's rapid ascent, but not necessarily does that mean those events caused the bubble. Jason Calacanis' "Most dangerous open source project ever" post was one such time where the price spiked at the same time. Jerry Brito's article raised some good attention and subsequent coverage in Forbes didn't hurt either. ...


2

I tried to gather the most serious, interesting and long lasting ones on http://bitcoin.gw.gd/ There are many sections, but the most important one is http://bitcoin.gw.gd/-Bitcoin-News- , currently including the rss feeds from more than 40 websites including betabeat, wired, CNN and many others. This list is maintained and new websites are regularly added ...


2

In layman terms: The 21M limit is programmed into all Bitcoin software The number is arbitrary. It could have been 42 million, or 84 million, or 100 million, or any other number. Now the number cannot be changed. If you changed your version of Bitcoin to follow a different limit, you would be creating a new currency. Example: Litecoin has a 84M limit. To ...


2

It is an arbitrary decision made at the initial creation of the currency and is hard coded (literally) into the software. If there is a disagreement on the validity of the number of coins created, it is ignored by most clients. The agreement is a core part of the network and won't be modified in the near future because it can't be without the agreement of ...


2

BTC is a speculative commodity so bubbles are to be expected, and bubbles are cyclical in nature. The previous bubble went up to about US$250 and took several months to build back up and then inflect to climb exponentially to ~1200. There's not one reason for this, and it happens with other bubbles too. But I'll try my best: The general explanation is that ...


2

Since Bitcoin is decentralized, everybody claiming to be an authority is highly suspect. One early site is still going strong in providing independent practical (pro-Bitcoin) information: https://www.bitcoin.org Make sure to stay away .com variant!


1

Bitcoin’s price has crashed. There is simply no other way to describe the -40% price decline that occurred in the first two weeks of 2015. It’s dismal, it’s disappointing and it’s a normal part of a free and open market. While Bitcoin is a transformative technology, it is not immune to the greed and fear that permeate every financial market. ...


1

Every transaction fee is paid to miners. So whichever miner discovers your block gets all of the fees for your transaction, plus whatever other transactions are included in that block.


1

Media coverage actually seems to be a lagging indicator. There were more articles on Bitcoin from April 9th and seven days after than there were from earlier in that month. But there definitely is a circular relationship. Higher exchange rate causes more publicity which expands bitcoin to a wider audience or reinforces confidence in the currency causing ...


1

There is no way to attribute Bitcoin price changes to news coverage with precision. Because you can never know the exact reason people are buying or selling. The situation in Cyprus coincided with Bitcoin price skyrocketing to $245. There were lost of news covering both subjects at the same time but we don't know for sure. It is logical though, to think ...


1

If someone tries to pay you in cash, you run some basic validity tests on the cash before you accept it as payment. If the bills are just blank pieces of paper, you don't accept them. If they say "ten dollars" in magic marker on white paper, you don't accept them. Bitcoins past 21 million are obviously not valid currency because that's what the rules say. ...


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