Imagine a scenario 10 years from now in which Bitcoin has managed to establish itself as an important global currency, supported by a myriad of Bitcoin companies, trade associations, and educational institutions. Now imagine the board meetings of those organisations. What will their demographic breakdown be? Crypto-Patriarchy: The problem of Bitcoin's male domination
Rich get Richer effect empirically observed in Bitcoin’s evolution Excerpted from Technology Review, which reviews a arxiv published study: “In 2011, however, BitCoin began to get significant media coverage which attracted many more users. The currency also became more attractive after an exchange was set up that allowed bitcoins to be traded for dollars. During this second phase, bitcoins started to function as a real currency.
Bitcoin : derrière la bulle, de vrais débats Rappelons brièvement de quoi il s’agit (pour plus de détails le lecteur pourra se reporter à notre article précédent). Le protocole bitcoin, publié sur Internet en 2008, a permis de créer un système monétaire complet et indépendant des banques, que chacun peut adopter en se joignant à un réseau de pair-à-pair sur Internet : concrètement, il suffit de télécharger une application ou de s’enregistrer sur un des nombreux sites qui donnent accès au réseau. Chacun peut dès lors être sa propre banque et opérer librement des transactions avec ses pairs. Les unités de compte qui circulent sur ce réseau sont appelées « bitcoins » et sont convertibles en devises classiques grâce à des places de marché sur Internet. Les bitcoins ne sont pas générés comme les euros ou les dollars par l’émission d’un crédit.
Bitcoin Has A Kill Switch; And How To Disconnect It. | NewsWax “There are three classes of people: Those who see. Those who see when they are shown. Those who do not see.”
Game over, Bitcoin. Long live human-based currencies! While being a tremendous proof of concept, the distributed cryptocurrency Bitcoin is fundamentally flawed as an alternative money system, critics say. It is now time for truly radical monetarists to build on this technical experiment and move to the next level of the monetary revolution: a truly human-based digital monetary system. Since its launch in 2009, Bitcoin has turned from a crypto-anarchist project into a hype topic in the worldwide web community and beyond. From London’s squats to Berlin’s Kreuzberg neighborhood: not everyone uses Bitcoin, but everyone is talking about it. Bitcoin can be described as a peer-to-peer cryptocurrency, in other words a distributed monetary system that enables anonymous and relatively secure transactions without any centralized authority.
It might have passed you by, but an essential part of the internet's infrastructure took a heavy knock last week. The Silk Road -- you know, " the website where you can buy any drug imaginable" -- was subjected to a series of distributed denial of service (DDoS) attacks. Calling the Silk Road "essential" might seem an exaggeration, but it won't be if you're one of its many regular users. Nor if you're a regular user of Bitcoin -- its journey to mainstream acceptance began with the Silk Road, being as it is perfect for anonymous, untraceable transactions (as long as you're careful not to make your identity obvious, of course). Right now, Bitcoin is undeniably a mainstream currency, even if it is not necessarily popular in the sense of being used by a significant proportion of society. Wary of Bitcoin? A guide to some other cryptocurrencies
I won’t discuss anything in this post. I’m tired of discussing technical things with people with skewed opinions and monetary interest. I’ve talked enough in the Bitcointalk forum about Satoshi. The Well Deserved Fortune of Satoshi Nakamoto, Bitcoin creator, Visionary and Genius | bitslog
Les Bitcoin obsessives - Towards a leisure society Les Bitcoin obsessives Just came across the following from Self-Evident’s Nemo, who I usually really rate and learn a lot from. Nemo says I’ve been stupid. And Felix not much better for writing 5,000 words on Bitcoin to conclude it’s a bit like gold. (BTW I still agree with Felix’s analysis).
The environmental cost of Bitcoin « Mktgeist blog
Grâce à un partenariat entre le prestataire de paiment Aqoba et startup Paymium, la monnaie virtuelle Bitcoin va pouvoir transiter légalement au sein du système bancaire. Une première mondiale. “Avec Bitcoin, payer et vendre sans les banques” titrait en novembre dernier Le Monde, dans un article décrivant le fonctionnement de cette monnaie virtuelle cryptée et anonyme, dont le fonctionnement repose sur un logiciel open-source et en peer-to-peer. Une banque française autorisée à transférer des Bitcoins
Fractional Reserve Banking With Bitcoins | Libertarian News I recently got into an argument over on the Reddit Bitcoin boards where I held the position that fractional reserve banking with Bitcoins was not possible. I’ve repeatedly made this claim before due to the fact that I think no one would accept receipts for Bitcoins (bank notes) over actual Bitcoins. However, the argument on the Reddit boards led me to see the error of my previous logic. What can happen is that a Bitcoin bank could use its deposited accounts as “receipts” for Bitcoins because the digital account balances could be detached from actual Bitcoin wallets.
Bitcoin, une devise complémentaire universelle La pertinence des devises complémentaires a été fortement soulignée par l’émergence d’une économie mondialisée et financiarisée, au sein de laquelle les Etats luttent pour la croissance et les excédents commerciaux. Jusqu’en 2009, les démarches en faveur d’une réforme monétaire gravitaient autour de mécanismes orchestrés par les gouvernements et le système bancaire. Avec l’entrée en lice d’une nouvelle devise universelle, alliée à la puissance transformatrice du web, de nouvelles solutions peuvent être explorées pour des réformes sociales et économiques: en ce sens, une devise universelle comme bitcoin permet de redéfinir la monnaie.
The Rise and Fall of Bitcoin | Magazine Illustration: Martin Venezky In November 1, 2008, a man named Satoshi Nakamoto posted a research paper to an obscure cryptography listserv describing his design for a new digital currency that he called bitcoin. None of the list’s veterans had heard of him, and what little information could be gleaned was murky and contradictory.
A few people around here know about the legal drama currently happening in France between us (Tibanne, MtGox and Macaraja, the company representing us in France) and french banks. A few weeks ago, our previous French bank closed our bank account despite knowing about our activity, which we explained fully before starting. We challenged this decision in court, to which the bank tried to defend itself by saying "Bitcoin is an electronic money, Macaraja is not a bank, therefore it's illegal for Macaraja to be handling this". The court replied that it was not up to the bank to decide this, and ordered the bank to re-open the account. Bitcoin in France: first legal decision directly related to Bitcoin?
Cryptocurrency When the virtual currency bitcoin was released, in January 2009, it appeared to be an interesting way for people to trade among themselves in a secure, low-cost, and private fashion. The Bitcoin network, designed by an unknown programmer with the handle “Satoshi Nakamoto,” used a decentralized peer-to-peer system to verify transactions, which meant that people could exchange goods and services electronically, and anonymously, without having to rely on third parties like banks. Its medium of exchange, the bitcoin, was an invented currency that people could earn—or, in Bitcoin’s jargon, “mine”—by lending their computers’ resources to service the needs of the Bitcoin network. Once in existence, bitcoins could also be bought and sold for dollars or other currencies on online exchanges.
Unlike other currencies, Bitcoin is underwritten not by a government, but by a clever cryptographic scheme. For now, little can be bought with bitcoins, and the new currency is still a long way from competing with the dollar. But this explainer lays out what Bitcoin is, why it matters, and what needs to happen for it to succeed. Where does Bitcoin come from? In 2008, a programmer known as Satoshi Nakamoto—a name believed to be an alias—posted a paper outlining Bitcoin’s design to a cryptography e-mail list. What Bitcoin Is, and Why It Matters
Virtual currency: Bits and bob
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Bitcoin and ethics