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dr tech

You Don't Understand Bitcoin Because You Think Money Is Real - 0 views

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    "The bitcoin blockchain was created, in part, to address this historical weakness. After the 21 millionth bitcoin is mined, in around 2140, the system will produce no more."
dr tech

Cryptocurrency raider takes $60 million in digital cash - 0 views

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    "A cryptocurrency is only as reliable as the technology that keeps it running, and Ethereum is learning this the hard way. An attacker has taken an estimated $60 million in Ethereum's digital money (Ether) by exploiting vulnerabilities in the Decentralized Autonomous Organization, an investment collective. The raider took advantage of a "recursive call" flaw in the DAO's code-based smart contracts, which administer the funds, to scoop up Ether many times in a single pass."
dr tech

Central banks beat Bitcoin at own game with rival supercurrency - 0 views

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    "The proto-currency known as RSCoin has vastly greater scope than Bitcoin, used for peer-to-peer transactions by libertarians across the world, and beyond the control of any political authority. The purpose would be turned upside down. RSCoin would be a tool of state control, allowing the central bank to keep a tight grip on the money supply and respond to crises. It would erode the exorbitant privilege of commercial banks of creating money out of thin air under a fractional reserve financial system."
dr tech

Bitcoin fans eye potential in Greek crisis | Technology | The Guardian - 0 views

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    "In theory, when the conventional financial system is experiencing turbulence, alternative currencies such as bitcoin should have their time to shine. The decentralised nature of the currency means that it's impossible for any central bank to impose controls on it, while the pseudonymity at its core could make it the perfect vehicle to get money into and out of the country while avoiding legal reprisals."
dr tech

Wristband Lets Users Unlock Bitcoin Wallets With Heartbeats | Singularity Hub - 0 views

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    "We're tempted to file this one under "the more things change, the more they stay the same." A wristband, called Nymi, that taps the user's heartbeat as a biometric marker, will also double as a bitcoin wallet."
dr tech

US prosecutors ponder what to do with multimillion-dollar Bitcoin hoard | Technology | ... - 0 views

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    "No one stepped forward to claim these bitcoins, which were found in electronic "wallets" used to store the digital currency. An additional 144,336 bitcoins, worth more than $128m today, were also discovered, but the government's claim on them is being disputed by Ross William Ulbricht, 29, who US authorities say was the founder and main operator of Silk Road. They had been stashed on his laptop."
dr tech

Bitcoin mining malware could be hidden in app, security researchers warn | Technology |... - 0 views

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    "Malwarebytes points to desktop app whose EULA includes clause getting you to agree to Bitcoin mining - from which you won't benefit"
dr tech

Bitcoin Thefts Surge, DDoS Hackers Take Millions - InformationWeek - 0 views

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    "Bitcoin Internet Payment System (BIPS), a Denmark-based Bitcoin payment processor, suffered a denial-of-service (DDoS) attack."
dr tech

Missing: hard drive containing Bitcoins worth £4m in Newport landfill site | ... - 0 views

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    "A digital 'wallet' containing 7,500 Bitcoins that James Howells generated on his laptop is buried under four feet of rubbish"
dr tech

Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k | Technology... - 0 views

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    "Kristoffer Koch invested 150 kroner ($26.60) in 5,000 bitcoins in 2009, after discovering them during the course of writing a thesis on encryption. He promptly forgot about them until widespread media coverage of the anonymous, decentralised, peer-to-peer digital currency in April 2013 jogged his memory. Bitcoins are stored in encrypted wallets secured with a private key, something Koch had forgotten."
dr tech

Bitcoin Plunges By Nearly $30 As Largest Market Suffers Outage - 0 views

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    "Why has Bitcoin become so popular? One possible explanation is that exploding interest in Bitcoin over the past several days is being driven by economic uncertainty in Europe. Fearful of an earlier proposed European Union plan to partially fund a Cypriot bailout by imposing new taxes on Cypriots' bank deposits, goes the theory, some Cypriots (and Spaniards, for similar reasons) flocked to Bitcoin to attempt an escape from the clutches of potential taxes."
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