bitcoin

12

Police confuse bitcoin power usage for pot farm

http://blogs.computerworld.com

One of the issues, other than if governments will try to outlaw bitcoin, is the high amount of electricity needed to create a single bitcoin. It might cost more to generate a bitcoin than the actual value a bitcoin is currently traded at. High electricity bills can lead to marijuana busts. And it is this unusual power consumption needed that caught my attention since it appears as a bitcoin miner has been mistaken as a person running a marijuana growing operation.

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phonon's picture
Created by phonon 3 years 17 weeks ago – Made popular 3 years 16 weeks ago
Category: Police State   Tags:
7

Bitcoin: More Important Than You Realize

http://c4ss.org

“All the world’s weapons in all the world’s police hands are useless against the public’s ability to keep their cryptographic economy to themselves..."

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Deslock Darkstar's picture
Created by Deslock Darkstar 3 years 17 weeks ago – Made popular 3 years 17 weeks ago
Category: Money   Tags:
6

Google releases open source Bitcoin client

http://www.cio.com.au

A Google engineer has released an open source Java client for the Bitcoin peer-to-peer currency system, simply called BitcoinJ.

Bitcoin community member with the avatar “mike” made the announcement earlier this month, stating BitcoinJ is not an “official” Google project, but something developed in the 20 per cent of time Google allows its staff to spend on personal projects.

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jitgos's picture
Created by jitgos 3 years 26 weeks ago – Made popular 3 years 25 weeks ago
Category: Money   Tags:
11

A bitcoin is now worth more than a US dollar.

http://bitcoincharts.com

A peer-to-peer currency exchange done without coercive influence is now worth more than the dollar. Which just goes to show that a currency can exist without governmental intervention.

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davehollis's picture
Created by davehollis 3 years 31 weeks ago – Made popular 3 years 31 weeks ago
Category: Money   Tags:
5

Bitcoin and the Electronic Frontier Foundation

http://www.bitcoinblogger.com

In another significant milestone for P2P cryptocurrency the EFF has agreed to accept Bitcoin donations! The EFF is known for legal cases involving high profile tech companies such as Apple, Google, Craigslist, and Facebook. The simple fact that the EFF is welcoming anonymous donations is a small but significant step towards Bitcoin societal acceptance.So,how long untill FTL accepts donations via bitcoin?

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davehollis's picture
Created by davehollis 3 years 44 weeks ago – Made popular 3 years 44 weeks ago
Category: Money   Tags:
5

Bitcoin releases version 0.3

http://sourceforge.net

"How's this for a disruptive technology? Bitcoin is a peer-to-peer network based digital currency with no central bank, and no transaction fees. Using a proof-of-work concept, nodes burn CPU cycles searching for bundles of coins, broadcasting their findings to the network. Analysis of energy usage indicates that the market value of Bitcoins is already above the value of the energy needed to generate them, indicating healthy demand. The community is hopeful the currency will remain outside the reach of any government."

A growing list of merchants accept bitcoins.

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davehollis's picture
Created by davehollis 4 years 10 weeks ago – Made popular 4 years 9 weeks ago
Category: Free Market   Tags:
18

Bitcoin P2P Cryptocurrency

http://www.bitcoin.org

Bitcoin is a peer-to-peer network based anonymous digital currency. Peer-to-peer (P2P) means that there is no central authority to issue new money or keep track of transactions. Instead, these tasks are managed collectively by the nodes of the network. Anonymity means that the real world identity of the parties of a transaction can be kept hidden from the public or even from the parties themselves.

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davehollis's picture
Created by davehollis 4 years 15 weeks ago – Made popular 4 years 15 weeks ago
Category: Money   Tags:

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