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dr tech

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

    "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."

Bitcoin flaw could threaten booming virtual currency - tech - 06 November 2013 - New Sc... - 0 views

  • Bitcoin contains a hitherto unnoticed flaw which threatens to upset the balance of the $1.5 billion economy built on the virtual currency.
  • Although groups form to share computing power and split the profits, what they receive is proportional to the resources they contribute.
dr tech

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

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