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Home :: Money

01 May 2016

Are blockchains the most expensive database ever invented? Money
One of the oft-made claims about Bitcoin and its blockchain transaction ledger is that they make transactions really cheap, so you can pay someone anywhere in the world for free, or close to it. But when you look closer, is that really true? Not by a long shot.

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posted at: 13:30 :: permanent link to this entry :: 0 comments
Trackback link is https://jl.ly/Money/bitexpensive.trackback

07 Sep 2015

Bitcoin Ponzi spam? Money

I just got this most peculiar spam, sent from mostly email provider Sendgrid. It sure looks like a Bitcoin Ponzi scheme to me.

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posted at: 17:26 :: permanent link to this entry :: 0 comments
Trackback link is https://jl.ly/Money/pantera.trackback

24 Jan 2015

A busy week for Bitcoin Money
The Silk Road trial got under way, with the defense trying to argue that defendant Ross Ulbricht wasn't really the Dread Pirate Roberts, but instead it was Mark Karpeles, of MtGox fame. That approach
didn't go so well, but it certainly provided a lot of amusement to reporters and spectators.

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posted at: 20:06 :: permanent link to this entry :: 1 comments
Trackback link is https://jl.ly/Money/bcweek.trackback

08 Mar 2014

Peter Pan Coin Money

Code is Law - Larry Lessig
MtGox finally collapsed, although for a reason I didn't anticipate: software bugs. Something called "transaction malleability" allowed crooked MtGox users to trick MtGox into believing that their withdrawals hadn't worked, so MtGox reissued them. This continued over about three years, during which time the crooks stole about 700,000 bitcoins from the wallet where MtGox kept most of its customers' deposits without them noticing.

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posted at: 16:30 :: permanent link to this entry :: 0 comments
Trackback link is https://jl.ly/Money/bitfatal.trackback

31 Jan 2014

A Cross of Bitcoins Money
One of the great divisions in the US (it's #2, with #1 being slavery and race) is between the creditor class, historically eastern bankers and industrialists, and the debtor class, historically western farmers. The creditors want hard money, no inflation, and preferably deflation. The debtors want cheap money, to make it easier to pay their loans.

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posted at: 22:51 :: permanent link to this entry :: 0 comments
Trackback link is https://jl.ly/Money/bitcross.trackback

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Evangelizing Best Practices – Taking Operation Safetynet on the Road
16 days ago

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189 days ago

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