• Embrace, Extend, Extinguish. Sounds like the slogan from an evil comic-book organization like Hydra, or the League of Shadows. In reality, it’s the oft-cited business mantra of Microsoft, with regards to how they handle emerging competitors and open source technologies.  Also read: IMF leak Validates Crypto Adopter Concerns You’ll find it parroted most in the open source community, particularly when Microsoft pulls stunts like their recent “partnering” with canonical to implement an Ubuntu-like Posix environment

    Keeping the Blockchain Open in the Shadow of Tech Giants

    | 2016/04/14 12:00 pm
  • Apple recently won their case against the FBI, and the FBI cracked the iPhone in question anyway, with the help of Cellebrite, a government contractor that provides “forensic extraction” tools to investigative agencies. Their new methods in securing evidence have bordered closer to hacking, bringing the legality of them into question.  Read Also: Homeland Security Task Force Tracks Domestic Bitcoin Traders The federal investigative agency has shown a pattern of reluctance to release their data acquisition

    Why the FBI Encryption Debate Is Less Significant Than You Think

    | 2016/04/13 12:00 pm
  • We’ve seen the Bitcoin scaling debate rise in fervor, come to a head, and die down without a substantial resolution. Many of its by-products are much maligned by the community, but despite the balkanization and unproductive argument that has become integral to bitcoin on social media, Bitcoin continues to be more or less an attractive option in the blockchain ecosystem. No amount of squabbling and negative press coverage will change that for the core user

    C-Bit Altcoin Highlights Everything Wrong With the Bitcoin Community

    | 2016/04/02 6:00 am
  • 31 march 2016 – BTCJam and net-ARB have been squabbling over the past few days over claims of false Bitcoin rewards issued by the former. Both companies have sent out emails to users denying responsibility for the false arbitration rewards, each blaming the other for the confusion and false reward claims. Net-ARB cites a 3rd party for verification of claims, whereas BTCJam cites the partnership between the 3rd party and net-ARB as the reason for

    net-ARB and BTCJam Fallout Highlights Necessity of Smart Contracts

    | 2016/04/01 3:42 am
  • 31 March 2016 – The federal government now has a task force dedicated to tracking and analyzing domestic and foreign “unlicensed bitcoin exchangers.” The task force, part of the Homeland Security Investigations (HSI) branch of the DHS, came to light in a federal affidavit outlining the investigation and arrest of David Burchard for large scale distribution of marijuana on Tor hidden services, under his alias, “Caliconnect”. This kind of inquiry, previously restricted to the FBI

    Homeland Security Task Force Tracks Domestic Bitcoin Traders

    | 2016/04/01 1:24 am
  • 15 March 2016 – There’s been a lot of contentious events surrounding privacy, encryption, and data security in the past few weeks covered in the media. With the US Presidential Primaries in full swing, and the presidential election looming closer on the horizon, few seem to be concerned with securing that most basic of civil liberties enjoyed in democratic nations: the right to vote. In the US, electronic voting machines, specifically the type manufactured by

    Blockchain-Based Voting Could Fix Election Security in the United States

    | 2016/03/15 9:57 pm
  • 10 March 2016 – Valery Vavilov, CEO/Co-Founder of the BitFury Group, has commented on the importance of the blockchain today on Medium, going out of his way to debunk a lot of myths pervasive in the mainstream’s understanding of Bitcoin and the Blockchain. The piece serves as a great “Public Service Announcement” that defines Bitcoin in a more dispassionate light than traditional media would like to paint it. He goes over how Bitcoin is secure,

    BitFury’s Valery Vavilov Addresses Big BTC Issues Amidst Block Size Infighting

    | 2016/03/11 2:13 am
  • Editor’s note: At the request of the Brave team, Bitcoinist will be conducting an interview with the company’s CEO so he can make his case for Brave’s data collection practices. We will publish this interview in full on Bitcoinist.net.  Editor’s note (3/13/2016 3:39 PM EST): The Brave CEO did not agree to an interview with Bitcoinist. Instead, an interview between Bitcoinist and “someone from Brave” was discussed. We would like to apologize to our readers

    Brave Browser’s Ad Replacement System: Vulture in Lion’s Clothing?

    | 2016/03/10 2:01 pm
  • 10 March 2016 – Spanish Bitcoin startup Octopocket is enabling Bitcoin transactions in the ephemeral messaging app, Telegram. Their technology works without any additional software, and works through Telegram’s chat interface. Their English support is skeletal at best, and their service isn’t yet live in the US. If you want an early look, you can start a chat with their service by sending a message to @octopocket_bot via Telegram, though. Their interface and service methodology

    Octopocket Lets you use BTC in Telegram, Without Convenience or Security

    | 2016/03/10 10:48 am
  • There’s never been a whirlwind of politics surrounding an open source project on the scale that we see with Bitcoin. Alternative implementations are considered controversial on principle, and Core devs can’t propose a bug fix without being accused of manipulation on behalf of outside interests. However, BSD, another popular open source project, doesn’t seem to have these problems. Why not?  Also read: Ethereum Node Growth Explodes on “Homestead” Release At the same time, though, we’ve

    Bitcoin Devs Could Learn a Lot from BSD

    | 2016/03/06 6:00 am
  • There’s a recent article posted on the Cannabis Business Executive (CBE) called, “Is BitCoin an Answer to Marijuana’s Banking Needs? No Way, No How.” The opinion-editorial written by the author gave certain reasoning to why the digital currency was unfit for the marijuana industry. However, it seems the journalist also didn’t do his research like so many others before him. Also read: New UK Cybercrime Report Makes No Mention of Bitcoin Bitcoin and Cannabis Unfortunately, in

    Cannabis Executive Doesn’t Understand Bitcoin

    | 2016/02/27 6:00 am
  • A new report from Deutsche Bank points to financial technology (FinTech) organizations as being crucial towards advancing initiatives to integrate blockchain technology into Wall Street. Aptly titled ‘FinTech 2.0: Creating new opportunities through strategic alliance’, the report details the untapped potential which collaborative efforts between the largely geographically separated partners could bring, particularly to business-to-business (B2B) payments. Also read: Lisk Announces ICO With ShapeShift, Dapps Made Easy Blockchain Technology Needs Collaboration Between Silicon Valley and

    Wall Street and Silicon Valley: A Match Made in the Blockchain

    | 2016/02/22 6:00 am
  • February 18, 2016 – Kanye West Has announced that he will be pursuing legal action against the popular torrent site, The Pirate Bay. His announcement follows his newest album, Life of Pablo, attaining the status of most torrented album on the site, likely powered by the exclusive deal with subscription based music streaming service Tidal. Read Also: Apple Responds to FBI Backdoor Court Order Kanye’s Streaming DRM Backfires   Kanye West, a rapper and producer

    Kanye West Doesn’t Understand Digital Distribution, P2P Technology

    | 2016/02/19 3:12 am
  • The problem I am observing lately is that there are many different markets by which I can earn bitcoin, yet there aren’t many who are willing to spend their bitcoin in these markets so it’s sometimes a desert for opportunities (I can find you a developer in “X” with less than 5 minutes of effort; try doing the reverse and finding that same said developer some work involving “X” for bitcoin; good luck).  It’s a shame

    Bitcoin Liquidity: Why Are we so Stingy?

    | 2016/02/16 8:00 am
  • We’ve had a few days to see effects of Bitcoin Classic’s late beta release, and they’re surprisingly powerful. In the past week, Coinbase has adopted Classic, and Bitcoin Classic nodes on the network have jumped from around a hundred to 755 active nodes (as of the time of writing) — nearly 13% of the network, and that number is still climbing. This growth brings the total number of nodes supporting a 2MB block size to a

    Classic Fork Release Launches Consensus Hysteria

    | 2016/02/12 8:00 am
  • January 30, 2016 – Gavin Andresen, former head Bitcoin Core maintainer, posted a short treatise on the issue of consensus infighting among the Bitcoin implementations on the Svbtle writing network. The squabbling between the different dev teams has caused a deal of speculation and nervousness about the future of Bitcoin, but Andresen sees the issue a bit differently. Also Read: Bitcoin Network Reaches 1 EH/s For First Time Andresen: The Worst Case Isn’t That Bad

    Bitcoin In-Fighting Doesn’t Matter: Gavin Andresen Weighs in

    | 2016/01/30 4:24 am
  • Bitcoiners like to make a habit of fanatically praising the relatively obscure concept of peer-to-peer computing. The enthusiasm for this fledgling idea is driven by the potential of P2P technology to change the very face of market interaction. The key to this radical development is technological decentralization. Decentralization is the process of dispersing powers or functions away from a central point to a network of independent parts. Also read: Overstock Employees Kept Safe With Gold,

    Monetize All the Things: Making P2P Work in the Real World

    | 2015/11/19 12:00 pm
  • No matter how you want to look at things, the everyday consumer seems to be keen on wasting a fair bit of money month over month. Or to be more precise, state-run gambling options, such as a national lottery, are gaining in popularity. People are so eager to win that “huge lump of cash” at some point in their life. But what makes the national lottery more appealing than buying Bitcoin? Also read: The Final

    Stacking The Odds – Winning The Lottery Jackpot or Investing in Bitcoin

    | 2015/11/09 8:00 am
  • Discussions about changing the dynamic code that runs the Bitcoin blockchain should constantly be happening. Over the course of the past year, the talks of changing the block size have been an overwhelming topic of conversation. There have been some pretty stubborn people when it comes to changing the protocols code, and this is not to say that forking the code is the right step. There has been censorship and subsequently has created a rift

    Bitcoin: Discussing Code Changes Is Half The Battle

    | 2015/11/03 8:00 am
  • Bitcoin could prove to be quite attractive to the world of online gaming and eSports. Not just in terms of using BTC for micro-transactions — due to lower fees and instant transactions — but also in terms of raising funds for major tournaments. With Dota 2’s “The International” tournament just a few months away, there is still ample time for Bitcoin companies and community members to help raise additional funds. Also read: HYPER, GoldPieces Sponsor

    How eSports Tournaments Can Spread Bitcoin Awareness

    | 2015/06/16 8:00 am
  • Trust is a component in both gold currency and Bitcoin, although working in two fundamentally different ways. With gold, trust is almost always required, be it in mining, minting, or banking. On the other hand, with Bitcoin, mandatory trust only enters the equation with a centralized mining network. All other trust requirements with Bitcoin occur when an individual voluntarily gives a company or other person control over his or her coins. Also read: Is Bitcoin Better

    Is Bitcoin Better Than Gold? Part Two: Trust

    | 2015/06/04 3:00 pm
  • Bitcoin is often advertised as an anonymous digital currency that offers a high level of user privacy. People can hide their identities behind a wallet address, and generate additional addresses if needed. But is Bitcoin as anonymous and privacy-centric as uneducated people assume? The answers might surprise you. Also Read: All About: The Blockchain Part Six Anonymity vs. Pseudonymity Right now, there is a decent level of customer privacy in business. But it only exists

    Bitcoin is Not Anonymous and Lacks Privacy

    | 2015/06/04 8:00 am
  • Earlier today, I had the chance to speak with several merchants accepting Bitcoin payments for a while now. My main concern was whether or Bitcoin is being used by customers on a regular basis, and if so, whether or not there were any noticeable trends occurring. I did learn one thing though, Bitcoin is fine in terms of supporting merchants but needs to convince everyday users to work with digital currency. Also read: Ghent Bitcoincity:

    Bitcoin Usage Low Due To Disinterest From Consumers (Op-Ed)

    | 2015/05/29 7:00 pm