Tag Archives | Bitcoin
They’re saying it might be a suicide. There’s been a lot of theft, hacking and bad press aimed at Bitcoin lately. Now this. Make you wonder…
The 28-year-old American boss of a Bitcoin exchange has been found dead at the base of a Singapore apartment block, police and reports said Thursday, in the latest misfortune linked with the troubled virtual currency.
Singapore police said they were investigating the “unnatural” death of Autumn Radtke, chief executive of Singapore-based First Meta, on February 26, but that no foul play was suspected.
A local technology website first reported she may have committed suicide, but later updated its report to say it was “unclear” how she died.
Broadcaster Channel NewsAsia said on its website Thursday that Radtke “was found dead at the bottom of an apartment block”.
Her death comes as the virtual currency community is in turmoil after the collapse of Tokyo-based MtGox, one of the longest-established Bitcoin exchanges, due to a suspected theft worth nearly half a billion dollars.
A few comments regarding Bitcoin and the recent developments with Mt. Gox (2, 3, 4, 5, 6, 7, 8, 9) and the announcement that SecondMarket is stepping into the game and planning to launch the “first New York-based Bitcoin exchange” (emphasis added):
“SecondMarket CEO Barry Silbert says that he’s modeling it after the early days of The IntercontinentalExchange (ICE), and that he hopes to have a set of founding members in place by the end of March (i.e., a ‘seat’ model). These members are expected to include Wall Street banks and well-funded Bitcoin startups (think Circle and Coinbase). Non-member firms or individuals would not be allowed to trade — at least at the outset — but likely could do business via the member firms.”
When Wall Street insiders announce that they are joining your game, but not allowing you to play on their field, which is what is implied with “Non-member firms or individuals would not be allowed to trade”, one should be concerned that the fundamental rules of the game may be changing, but, unfortunately, with fear running rampant within the Bitcoin community due to the collapse of Mt.
Just in case there are any disinfonauts still wondering what this Bitcoin thing is, Venturebeat supplies an idiot’s guide:
Drama, greed, controversy, conspiracy, crime, risk, theft, speculation, wealth — such was the world of Bitcoin in 2013.
The crypto-currency captivated us with its soaring highs and plunging lows in 2013, rising from $10 to $1,200 in the course of a year. It surpassed the value of gold at its peak before crashing down to $500. Today it flutters between $380 and $682 on different exchanges.
We watched breathlessly as early Bitcoin owners became millionaires and authorities seized millions of dollars worth of Bitcoins from the the Web’s notorious black market, the Silk Road. We witnessed efforts to uncover the identity of Bitcoin creator Satoshi Nakamoto, and we listened to luminaries in finance and economics heatedly debate Bitcoin’s future.
Millions of people followed the saga, but far fewer chose to buy Bitcoin themselves amidst all the uncertainty and volatility.
In this video Luke Rudkowski interviews the founder of LiteCoin Charles Lee at the recent NYS regulatory bitcoin hearings.The Litecoin Project was conceived and created by Charles Lee with support of members in the Bitcoin community. It was pre-announced and was launched on October 13th, 2011. Based on Bitcoin’s peer-to-peer protocol, Litecoin brings a number of features viewed by its development team as improvements over Bitcoin’s implementation
Via WeAreChange… Read the rest
Abby Martin speaks with Andreas Antonopoulos, founder of Root Eleven and co-host of let’s Talk Bitcoin, discussing how Bitcoin works, and why it’s so important to have a decentralized system of money.
Luke Rudkowski interviews Ben Lawsky at tuesday New York State regulatory bitcoin hearing about the future of government intervention with bitcoin. Benjamin M. Lawsky is New York State’s first Superintendent of Financial Services who called for tuesdays special proceedings.
In this video Luke Rudkowski interviews business consultant Gerald Celente on the upcoming future U.S economy and revolutionary trends for 2014. Gerald Celente is an American trend forecaster, publisher of the Trends Journal, business consultant and author who makes predictions about the global financial markets and other events of historical importance.
Yanis Varoufakis on Bitcoin and the fruitless dream of a de-politicised currency:
The Crash of 2008 has infused our societies with enormous scepticism on the role of the authorities, both government and Central Banks. It is quite natural that many dream of a currency that politicians, bankers and central bankers cannot manipulate; a currency of the people by the people for the people. While it is true that local communities have, in the past, generated successful communitarian currencies (that enabled them to improve welfare in their midst, especially at a time of acute economic crises), there can be no de-politicised currency capable of ‘powering’ an advanced, industrial society.
Since the second industrial revolution made possible the emergence of large, networked oligopolistic companies (the Edisons and Fords of the 1900s, and the Googles or Apples of today), capitalism became dependent on large credit spurts for the purposes of financing these capital corporations’ needs.
Look for the launch of Coinye, a Bitcoin wannabe, to be moved up from the planned January 11, 2014 release date to as soon as 7 PM PST today, January 7. Unless Kanye West ruins the fun and succeeds in suppressing Coinye, that is. The Wall Street Journal reports on his legal foray thus far:
Lawyers for Kanye West filed cease-and-desist papers against the seven anonymous coders behind Coinye West, a virtual currency that went from chatroom joke to Internet sensation last week.
The legal document, dated Jan. 6, includes an image of Coinye – a cartoon representation of West on a gold medallion. West’s lawyer argues trademark infringement.
“Given Mr. West’s wide-ranging entrepreneurial accomplishments, consumers are likely to mistakenly believe that Mr. West is the source of your services,” wrote Brad Rose, a partner at Pryor Cashman LLP, which has previously worked for West.
Hoping to keep pace with the self-assured, brash West, the techies aren’t backing down.