Bitcoin

Articles related to the peer-to-peer digital commodity/currency called Bitcoin.

It’s Beautiful Watching The World Go Dark

darkwallet

Darkcoin has raced ahead of other alternative currencies to rapidly become the world’s third largest cryptocurrency.  Darkcoin operates exactly like Bitcoin, but it offers much stronger anonymity protection.  Darkcoin essentially takes the features of the Dark Wallet Bitcoin wallet and integrates them directly into the currency itself, making it extremely anonymous and very simple to use.  I personally think that all…

How Bitcoin is Reinventing The Monetary System: Q&A with Laissez Faire Books’ Jeffrey Tucker

“We’re talking about reinventing the world’s monetary system…from the ground up,” says Jeffrey Tucker, executive editor of Laissez Faire Books, and an enthusiastic proponent of the open source peer-to-peer currency system Bitcoin. After participating in a panel discussion on Bitcoin at Freedom Fest, Tucker sat down with Reason Magazine’s Matt Welch to explain why he…

Using The Nash Equilibrium and Mutually Assured Destruction To Bypass Bitcoin Currency Exchanges

A fascinating concept has been created by software developer Seong Yup Yoo.  Mr. Yoo has created a website that allows people to exchange fiat money for Bitcoins directly with each other without having to use a third party exchange. He has accomplished this task by incorporating the concepts of mutually assured destruction and the Nash equilibrium. The problem…

The Bitcoin Crash – What Happened?

Read this article on PolicyMic. A major correction in Bitcoin prices occurred today, with the price plummeting from a high of $266 to a low of $105, last time I looked, it was back above $170 and climbing. In this article, I would like to discuss why this occurred and what it means for the…

European Central Bank Report On Bitcoin: It’s Likely To Grow And It Poses Risks

The European Central Bank (ECB) recently issued a report on digital currencies.  The report largely revolves around Bitcoins and Linden Dollars, and provides a review of the currencies from the perspective of central bankers.  Unsurprisingly, they found the currencies to pose “risks” that potentially require future “regulation.” Here’s a few of the highlights that deserve…