Regulators at today’s cryptocurrencies hearing… via /r/Bitcoin

Bitcoin as spectator sport!

Sit back and relax, this is gonna be a long and entertaining show.


Cryptocoins Today

Regulators at today’s cryptocurrencies hearing…

Submitted January 28, 2014 at 08:48PM by MBoudet
via reddit

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Winklevoss-Funded Bitcoin Startup’s CEO Arrested In Silk Road Investigation – Forbes

CHARLIE SHREM ARRESTED! This is a phenomenal milestone in Bitcoin’s history. Shrem has been around since Bitcoin was just knee-high, considered a real “OG” in the virtual currency’s evolution.

His hemorrhaging start up BITINSTANT was satoshis away from total failure when he was featured on Libertarian radio podcast to try stirring up some last minute interest in what he knew was ultimately an infallible service.

Fate and bitcoin get along well, and that day was no exception. Silicon Valley-born, Tokyo-based ex-pat Roger Ver (a/k/a “Bitcoin Jesus”) was on the train listening to Shrem’s broadcast and was instantly hooked.

His angel investing saved Bitinstant and Shrem, and Ver became intricately connected to the digicash revolution and the start up phenomenon fueled by it.

And now this?

Just when it looks like Bitcoin is going to squeeze past the hounds they start their howling and slobbering. What say Department of Homeland Security’s Chairman Carper reiterate his initial statements about the “whack-a-mole” futility following the resurrection of Silk Road only a month after the October 2013 take down.

As Colorado embraces the freedom of marijuana possession and distribution, and bitcoin’s toehold in the financial fabric of our crumbling civilization (looking like a savior in a pit of jackals and spooks), the necessity of remembering the fight isn’t yet won is underscored by Shrem’s arrest.

The split hairs of this argument could go on into infinity; suffice it to say that anyone who can somehow brilliantly convince a logically-thinking peer group that bitcoin somehow corners the market on drugs and Bad Things please, alert me.

As long as there are carbon-based organisms living in communal environments interacting on any level there will be transactions in exchange of goods and services, “good” and “bad” arguable at best (and for fools, imo).

Shrem, join the ranks of 21st century free speech/human rights martyrs! Gogulski, at least you don’t have to raise money for Charlie!

To the hounds: Heeeeeel.


The truth is in here

View original post now accepting Bitcoin!! via /r/Bitcoin

Keep going, lil bitcoin that could!

Cryptocoins Today now accepting Bitcoin!!

We launch in approximately 10 mins; 12PM EST!



Submitted January 23, 2014 at 04:53PM by TigerDirectOfficial
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Sen. Carper: Bitcoin has benefits (starts at 1:10) via /r/Bitcoin

Kanye West Sends Attorneys After The Makers Of Coinye West

The Urban Daily


La, la, la wait till I get my money ri…or maybe not! According to the WSJ Brad Rose, a partner at Pryor Cashman LLP and attorney for Kanye West, has filed cease-and-desist papers against the seven anonymous coders behind Coinye West, a virtual currency that went from chat room joke to Internet sensation last week.

Take a look at the video below!

The legal document, dated Jan. 6, shows a cartoon of West on a gold medallion. For this Kanye’s attorney cites trademark infringement saying,

“Given Mr. West’s wide-ranging entrepreneurial accomplishments, consumers are likely to mistakenly believe that Mr. West is the source of your services.”

Attorney Rose requested that the Coinye people stop using the name or any variation of it, hand over their website and deactivate Facebook and Twitter accounts for Coinye.

If they don’t do as asked,  Rose says he will,

“Notify the cryptocurrency community at large of your infringing actions…

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NSA building a ‘quantum computer’ capable of breaking all forms of encryption


The National Security Agency is reportedly building a ‘quantum computer’ capable of breaking encryption used to protect the most vital records around the world.

The US spy agency is seeking an advanced-speed, “cryptologically useful quantum computer” that can bypass encryption that currently shields global banking, business, medical and government records.

The quantum computer is part of a $79.7 million research project called “Penetrating Hard Targets,” according to documents supplied by former NSA contractor Edward Snowden and reported by The Washington Post. Much of the program is hosted in a College Park, Maryland laboratory under classified contracts.

Past Snowden-fueled revelations have shown the NSA has worked to deliberately weaken common encryption standards.

Yet the NSA’s own technology capable of shattering all forms of public key encryption – including that which protects state secrets – is no closer to success than any other attempts in the scientific community, according to the leaked…

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