Hi Mark, Let’s not sugar-coat things, your position is bad. Super bad. MtGox, in its current incarnation at least, is dead or dying and you were the guy holding the wheel when it wrecked. People are calling you “Kerpopples” and making jokes about your sugary desert coffees. Old pictures of you being a dork have […]
from An Open Letter to Mark Karpeles
Late last night, as most of us here in the U.S. slept soundly, a statement was issued by MtGox, one of the largest and oldest Bitcoin exchanges. The contents of that statement contained allegations that rocked the Bitcoin world and created a panic that saw market values dip nearly 25%. The allegation posed is that […]
from On MtGox and Transaction Malleability
Bitcoin has long suffered from image problems. Naysayers are quick to remind the world that once, there was an entire marketplace dedicated to exchanging bitcoins for drugs and that as fast as it got shut down more spawned to take its place like the Hydra of legend. Thanks to this all-too-common attitude I’ve begun to […]
The post Bitcoin vs Shrem:
What You Need to Know About Criminal Complaints appeared first on Coding In My Sleep - A Bitcoin Blog.
from Bitcoin vs Shrem:What You Need to Know About Criminal Complaints
Over the last few days, the value of a Bitcoin has dropped dramatically. This is nothing we haven’t seen before, but there are a lot more people in this market now, people who haven’t been through multiple bubbles and crashes, who aren’t hardened and tempered by past experience, people who post the suicide hotline number […]
The post Market Dip Got You Down? Credit Card Users Had a Worse Week. appeared first on Coding In My Sleep - A Bitcoin Blog.
from Market Dip Got You Down? Credit Card Users Had a Worse Week.
It’s not often that I have such an overwhelmingly positive experience with a merchant or service that I feel the need to recommend them publicly, so don’t take this lightly: SnapCard and the people who run it are pretty amazing. The service was excellent, the tech was fairly seamless and they didn’t charge me an […]
The post SnapCard: Filling the Gaps in Bitcoin’s Infrastructure appeared first on Coding In My Sleep - A Bitcoin Blog.
from SnapCard: Filling the Gaps in Bitcoin’s Infrastructure
With the recent Senate hearings that could determine Bitcoin’s fate (in the U.S. at least) there’s one word that’s been on the tip of many a tongue: Regulation. We’re told that Bitcoin could fund terrorism, fuel the “wrong” side of the drug war and even promote that hottest of hot-button issues: child pornography. The answer, […]
The post Democratic Currency:
Why Bitcoin is So Hard to Regulate appeared first on Coding In My Sleep - A Bitcoin Blog.
from Democratic Currency:Why Bitcoin is So Hard to Regulate
It occurred to me the other day that I’ve spent a lot of time explaining Bitcoin to people. There’s a sort of “standard formula” for explaining Bitcoin that works most of the time, but sometimes you run across a difficult point or just explain Bitcoin to an interesting person or in an interesting way – […]
from Explaining Bitcoin: Greg Dean
The challenging thing about writing the Bitcoin news is that there are so many things always happening that it’s difficult to decide what’s important and what isn’t. Even more difficult is sourcing your information in a culture built around anonymity and secrecy. Every once in a while, though, something shows up from an already-vetted, trustworthy […]
The post Another Day in Bitcoin History:
The Million Dollar Purchase appeared first on Coding In My Sleep - A Bitcoin Blog.
from Another Day in Bitcoin History:The Million Dollar Purchase
Everywhere you turn it seems someone is trying to convince you that ASIC mining is no longer profitable and you should just pack it in before you even start. “I already sold all my miners on eBay” they say. “You’ll never see ROI” they say. But is it really true? Is ASIC mining really unprofitable? […]
The post Is ASIC Mining Unprofitable? Depends on Your Definitions. appeared first on Coding In My Sleep - A Bitcoin Blog.
from Is ASIC Mining Unprofitable? Depends on Your Definitions.
I’ve long been a fan of coinbase as a quick and easy way to get some bitcoins – as a matter of fact, I seldom feel the need to carry coins in a phone wallet any more since I can simply purchase a few as needed and send them straight from the coinbase app on […]
The post Want Instant Coins? Coinbase Wants to See Your Credit Card appeared first on Coding In My Sleep - A Bitcoin Blog.
from Want Instant Coins? Coinbase Wants to See Your Credit Card
Something big happened yesterday that is either one of the best or worst things to ever happen to Bitcoin: The Silk Road (SR), a popular online “free market” was shut down by the FBI. There was a tremendous surge of speculation and bad information when this story broke that I decided early on I was […]
from The Silk Road: A Sane Postmortem
BitSyncom is one of the oldest ASIC manufacturers, responsible for the Avalon line of products. Today they have announced that their next-gen mining equipment is going to be sold in an auction format thanks to a strategic partnership with Bitcoin exchange Tradehill and a shiny new business model sure to be the envy (or laughing […]
The post BitSyncom ASIC Miners Anounced: Will be Auctioned on Tradehill appeared first on Coding In My Sleep - A Bitcoin Blog.
from BitSyncom ASIC Miners Anounced: Will be Auctioned on Tradehill
One of the bigger pieces of Bitcoin news lately is of course the foundation of SecondMarket’s Bitcoin Investment Trust (BIT). If, like me, you frequent the Bitcoin subreddit, you’ve probably seen the news posted a dozen times by now. If, like me, you also read the comments on Reddit then you also know that a lot […]
from Does Bitcoin Need a Private Trust?
It’s no secret that I’ve got a complicated relationship with YouTube. As a platform and a community I think it’s pretty amazing, but from the perspective of a content creator it’s also pretty terrible in some fairly important ways. One of the terrible things I’ve butted heads with repeatedly is that YouTube, like certain people […]
from Do We Need a Bitcoin-Based Video Platform?
So I quit my job to work for BitcoinStore and spent the entire first day breaking all of my old employer’s stupid draconian rules – some of which, perhaps, shouldn’t have been broken… Category: ComedyUploaded by: Coding In My SleepHosted: youtube No tips yet.Be the first to tip!Tip With Bitcoin16Vyf4mUfv6Xkb9dR6Z1AJ5vCeKhsCtinJEach post gets its own unique […]
from No Rules Day!