Why BitcoinStore is going to bring an end to a...
BitcoinStore is launching today and I think that it is the first sign of a change in the payments industry. PayPal was founded in 2000 and experience massive amounts of growth in the next 10 years, but the last three years have been tough on PayPal. Many developers, merchants, and customers have become fed up with PayPal and are now switching to alternatives, like Google Checkout, Stripe, or the...
Some thoughts about Bitcoin:
Bitcoin is an interesting beast… I personally think that it is a great innovation that will lead to a revolution in the banking industry. Now, that being said, it is an innovation. It is a tool. Whether the price goes up or down, it does not matter. All that matters is that the amount of money going in, and coming out, is constant and growing. If the amount of money flowing in and out grows,...
Thoughts on Bitcoin Blackmail.
Could there be a world where blackmail is legal? Doubtful. However, a world where blackmail becomes a norm and nearly impossible to prosecute could become a reality. Take the recent news about Mitt Romney being exhorted by alleged Bitcoin-savvy burglars. These burglars supposedly broke into PriceWaterhouseCoopers and liberated copies of Mitt Romney’s tax returns. They are giving the Romney...
Bitcoin and the Borderless Labor Market
Bitcoin and the Borderless Labor Market By Steven Kane For many knowledge workers (any worker who can do their work purely online), the ability to work flexible work hours on the Internet in any location is already a reality. However, two key types of technologies will converge that will take workers far beyond the current landscape of online employment: telepresence technologies and...
Republicans and Bitcoin
I wrote a guest blog on this site: http://bredred.com/republicans-and-bitcoin/ Here’s the text: Fiat currencies have some inefficiencies. These inefficiencies are costing our nation and her people billions of dollars each year. These inefficiencies are being used by greedy politicians to overtax Americans. These inefficiencies also make the dollar harder to manage and in the long term...
Due to the number of security breaches in the Bitcoin community recently, for the safety of our customers we are performing our semi-annual deep offline security audit a bit early. You’ll see downtime on the main site for as much as 24 hours from this post, until we are sufficiently pleased that there are no latent flaws that could be an issue. Thanks for your patience!
Interview with Khalahan - Namecoin's Lead...
This week I decided to interview Khalahan Henkh: The Lead Developer of the Namecoin project. Namecoin is Bitcoin’s little brother. It’s a decentralized peer to peer currency and name database system. It basically allows you to register .bit domain names, Khalahan also describes some more features in our interview. Namecoin has unfortunately been out of the news lately. Hopefully this...
Interview with Stefan Thomas and Pieter Wuille
Early in June, Pieter Wulle, one of the core developers working on Bitcoin visited the Bitcoin meetup in Switzerland. After the meetup I caught up with both Pieter and Stefan Thomas, the creator of WeUseCoins and BitcoinJS. Below they share - while mildly inebriated - their wisdom, thoughts, and fears about Bitcoin. Jon: Let’s start with the easy questions! Pieter, where are you from? What’s...
10 Questions with Zhou Tong (The Creator of...
A 17 year old coder and entrepreneur named Zhou Tong (pictured below) created a website last year. The growth that his website exhibited is inspirational. In less than 6 months Bitcoinica.com was home to over one million dollars in assets. That young entrepreneur sold Bitcoinica a couple months ago and the new owners are having troubles operating the site securely. Zhou Tong is one spectacular,...
Coinabul.com is currently down for maintenance. We apologize for the inconvenience! We’ve been online reliably for the last 5 months, so we had to give our servers a break at some point! We’ll be back online shortly. Cheers.