L019: Bitcoin P2P Currency: The Most Dangerous Project We've Ever Seen - Launch - Solid discussions of this piece on BoingBoing.net, Hacker News, Slashdot and Reddit. Rob Tercek has a follow up to this piece here. by Jason Calacanis and the LAUNCH team A month ago I heard folks talking online about a virtual currency called bitcoin that is untraceable and un-hackable. Bitcoin is a P2P currency that could topple governments, destabilize economies and create uncontrollable global bazaars for contraband. I sent the 30 or so producers of my show This Week in Startups out to research the top players, and we did a show on Bitcoin on May 10. After month of research and discovery, we’ve learned the following: 1. What Are Bitcoins? 1. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. The benefits of a currency like this: You can watch a simple video here: Where Do Bitcoins Come From? Who Invented Bitcoins? How Does One Buy and Sell Bitcoin?
Bitcoin Decentralized digital currency Bitcoin (abbreviation: BTC[a] or XBT[b]; sign: ₿) is a protocol which implements a highly available, public, permanent, and decentralized ledger. In order to add to the ledger, a user must prove they control an entry in the ledger. The protocol specifies that the entry indicates an amount of a token, bitcoin with a minuscule b. The user can update the ledger, assigning some of their bitcoin to another entry in the ledger. Because the token has characteristics of money, it can be thought of as a digital currency.[10] The Library of Congress reports that, as of November 2021, nine countries have fully banned bitcoin use, and a further forty-two have implicitly banned it.[15] A few governments have used bitcoin in some capacity. Bitcoin has been described as an economic bubble by at least eight recipients of the Nobel Memorial Prize in Economic Sciences.[17] Design Units and divisibility The unit of account of the bitcoin system is the bitcoin. Blockchain Mining
El fin del euro y del dólar: llegan las monedas virtuales ¿Las divisas oficiales corren el riesgo de desaparecer en un futuro próximo ante el auge de las monedas virtuales descentralizadas? Este parece ser el temor de la Royal Canadian Mint, la casa de la moneda oficial canadiense, que pretende lanzar en septiembre su propia moneda virtual, llamada MintChip, para utilizar en las transacciones comerciales electrónicas. El responsable de finanzas de la casa de moneda canadiense, Marc Brule, parece que ha adoptado el dicho de ‘si no puedes con el enemigo, únete a él’, ya que todas las experiencias monetarias en internet llevan el sello de empresas privadas, con el consiguiente riesgo para los Estados y bancos centrales de perder el monopolio de la oferta en un futuro no muy lejano. “A través de nuestros estudios de investigación hemos descubierto que algunas necesidades del mercado no se cubren con la oferta de pago actual”, explica en una entrevista concedida a The Wired. Alerta estatal La gran oportunidad Burbuja financiera digital
Free Banking » Bitcoin The University of Georgia having, in its infinite wisdom, decided long ago to make its faculty do without sabbaticals, yours truly, sensing impending burnout, determined to do the next best thing, by taking leave for several months from all extra-curricular economics, including participation in economics discussions in this forum, in the blogosphere generally, and (so far as he could manage it) in the larger world. Having thus refreshed myself, I now feel fit not only to return to the monetary-economics fray, but to plunge straight into the bitcoin melee, by means of a declaration calculated to make every true-blue bitcoiner take aim for my jugular. The declaration? But that bitcoins aren't money doesn't mean that monetary economists shouldn't be interested in them. What's puzzling about bitcoin is that it has gained a foothold at all. So much for received wisdom. Just how did bitcoin manage to overcome what (for want of a better name) I'll call the "oyster" problem?
Comparison of mining pools Reward types & explanation: CPPSRB - Capped Pay Per Share with Recent Backpay. [1] DGM - Double Geometric Method. A hybrid between PPLNS and Geometric reward types that enables to operator to absorb some of the variance risk. A statistically valid analysis of some pools and their payout methods: Bitcoin network and pool analysis SPV Mining / Old Bitcoin Core The following pools are known or strongly suspected to be mining on top of blocks before fully validating them with Bitcoin Core 0.9.5 or later. BTC Nuggets F2Pool[5] AntPool[5] The following pools are believed to be currently fully validating blocks with Bitcoin Core 0.9.5 or later (0.10.2 or later recommended due to DoS vulnerabilities): References Jump up ↑ Note that pool hashrate is largely irrelevant but can be seen as a popularity measurement. See also
Refutation VII: Fewer seats for women in Allah's Paradise Refutation VII: Fewer seats for women in Allah's Paradise User Rating: Created on Friday, 22 October 2010 13:55 Written by Salman Mohammed Hits: 2076 Assalamualaikum Wa Rahmatullahi Wa Barkatahu (May Peace, Blessings & Mercy of Allah Be Upon You) Article by Sister Noor-ul-Huda & Brother Asim ul Haq The Article is in reply to series of allegations: 1) Refutation Series I: Muslim Women are Dirty Polluting Creatures 2) Refutation Series II:Women are inferior, slave to men 3) Refutation Series III: Muslim women are sex object for men enjoyment 4) Refutation Series IV: Muslim Men can Capture Infidel Women as Sex Slave 5) Refutation Series V: A Woman’s Testimony is Worth Only Half of a Man’s 6) Refutation Series VI: Brutal Punishment For Women Allegation number 7: Fewer seats for women in Allah's Paradise Islamwatch quoted Fewer seats for women in Allah's Paradise Islamic Scriptures inform us that most Muslim women will go to hell. The Quran: Response The correct translation is: ﴿وَأَزْوَجُهُمْ﴾ From Hadith:
Fourth Corner Exchange Inc Robert P. Murphy, The Economics of Bitcoin "No external technological or physical event could cause Bitcoin inflation, and since no one is in charge of Bitcoin, there is no one tempted to inflate 'from within.'" B itcoin is an ingenious peer-to-peer "virtual" or "digital currency" that challenges the way economists have traditionally thought about money. Its inbuilt scarcity provides an assurance of purchasing power arguably safer than any other system yet conceived. But to understand these claims, one must first understand the basics of Bitcoin. My conclusion is that, in principle , nothing stands in the way of the whole world embracing Bitcoin or some other digital currency. Yet I predict that, even with the alternative of Bitcoin, people would resort to gold if only governments got out of the way. The Basic Structure of Bitcoin To fully understand how Bitcoin operates, one would need to learn the subtleties of public-key cryptography. Where Does Encryption Come In? "Mining" New Bitcoins Bitcoin has no such vulnerability.
Generate Bitcoin - Bitcoin Plus It looks like you don't have Java installed. Please install java at Java.com You must have Java installed to use the bitcoin generator. Step 1: Click "Start Generating"Step 2: Wait while your computer works (leave this page open)Step 3: Earn bitcoin It's that easy. New: The bitcoin miner for websites is available. You are not logged in. Can I use multiple computers to generate bitcoin Absolutely. What does the speed mean? The speed is how many times per second you are trying to generate a payout. Will this slow down my computer? No. Do I need to keep this page open to generate bitcoin? Yes. I generated a payout in 5 minutes but it says it takes 2.5 hours. Payouts are essentially random. Why does the payout change? The bitcoin network adjusts the difficulty of the puzzle approximately every 2 weeks. I'm close to generating a payout, will I lose my progress if I turn off my computer? No.
How to thwart government surveillance and censorship online The Canadian government recently introduced legislation that would expand its powers to monitor Canadians Internet activity. Even though the legislation has not yet been passed into law, we already know that governments around the world are monitoring Internet communications. Luckily, there is an abundance of ways to help protect your privacy in cyberspace. The main obstacle to many of these technologies becoming commonplace is a lack of users. For example, it is possible to send encrypted e-mails, but unless the other people within your social network are using the technology, no one will be able to read your messages. If enough people are concerned about protecting their privacy, we may see the critical mass of people necessary to seamlessly integrate some of these technologies into our daily computing experience. Encryption There are numerous ways to encrypt data that is either being sent over the Internet or stored on a local drive. Anonymous web browsing, Anonymous P2P, Darknets