Bitcoin / Bitcoins / Crypto Currency

I have a feeling the shorting of btc could have had an impact

I'm still waiting for my cash to land in Bitstamp. Kinda glad it didn't happen instantly or I'd have bought at $260... Just hope it arrives while price is low (although I'm only putting in a tiny bit for a little experiment/punt).

You can listen too
http://www.listentobitcoin.com/

...and an interesting article in this weeks The Ecomomist (pages 70-71)

http://www.telegraph.co.uk/technology/news/9989610/Winklevoss-twins-back-bitcoin-as-bubble-bursts.html

seems like rowing pays ...........billions

http://www.zerohedge.com/news/2013-04-11/winklevoss-twins-revealed-owning-1-all-bitcoins

http://imgur.com/a/ZDNam

so could i make my millions by buying a bitcoin miner ?

.................. and that millions of pounds rather than millions of bitcoins

Yep.

the end of the bit coin ?

http://www.zerohedge.com/news/2013-04-18/bitcoin-exchange-bitfloor-shuts-down

from the comments below the article .....

" 2 things....nothing is outside this us's jurisdiction...and secondly are the returning funds being returned in dollars or bit coins..and as i type this the ebay guy is saying that bitcoin is a disruptive process that will be taken care of soon... "

I messed around with a lot of those sites that give you free bitcoin for visiting websites, watching videos etc. I occasionally get a transaction come in for 0.0000000000000001BTC...

:)

^ p0rn?

Nope. It seemed to be youtube clips that advertising companies were paying to "go viral".

http://www.theblaze.com/stories/2013/05/15/feds-seize-bitcoin-account-for-unlicensed-money-transferring/

To anyone still following bitcoins, "The Bitcoin trading platform Mt. Gox in Tuwsday was issued a warrant that stopped its ability to send or accept transfers of the electronic currency through its Dwolla payment service."

And all this means? Nothing, it hasn't affected the market price, and Mt Gox are still trading.

If anyone wants to try bitcoin, but is finding it hard to buy some - the process is quite laborious at the moment - then this is a good site. You can pick up a few tiny fractions for watching YouTube clips - as in, watching 3-4 will pay you the equivalent of 0.1p. But if you want to have a play around with wallets, see how transactions work etc, it'd do.

You can always have the videos playing in a muted tab, if you were unscrupulous. But obviously that would be wrong etc...

pub in hackney now taking bitcoins
article in telegraph or gruniad yesterday

This is an interesting story, the Feds arrested 'Dread Pirate Roberts,' alleged founder of largest Bitcoin drug market.” His site, Silk Road, collected 9.5 million in bitcoins, though only 11.75 million of the crypto-currency exist.

http://www.nytimes.com/2013/10/03/nyregion/operator-of-online-market-for-illegal-drugs-is-charged-fbi-says.html?ref=todayspaper

Don't mistake the turnover of the site for the number of bitcoins the site earned (collected) in commission.

"site had sales revenue of more than 9.5 million bitcoins"

"Mr. Ulbricht collected commissions of more than 600,000 bitcoins"

If a £10 note is spent 100 times during it's lifetime, at no point did it become worth £1,000.

I like how the Feds 'seize' the site.

Real name email address used to promote Silk Road and asking for Tor help on stackoverflow? The Forbes reporter also reckons the torture and murder claims are bogus. Some interesting stuff going down anyway.

I wonder how this will affect bitcoins and the other underground dealers?

Here's the Forbes article before his arrest:
http://www.forbes.com/sites/andygreenberg/2013/08/14/meet-the-dread-pirate-roberts-the-man-behind-booming-black-market-drug-website-silk-road/

https://twitter.com/a_greenberg

http://www.thismachinekillssecrets.com/

:-)

Has been growing last few days now at £123

I'm rich!

http://www.zerohedge.com/news/2013-10-26/feds-confiscate-record-29-million-bitcoin-booty-dread-pirates-hard-drive

going mainstream in canada

http://www.zerohedge.com/news/2013-10-28/obama-asks-if-he-should-be-worried-about-bitcoin-atms-arrive-5-canadian-cities