BitBillions is Really Taking Off!

As a founding member of BitBillions I am happy to see that it is finally showing signs of progress towards its goals. Last year’s pre-launch fundraiser didn’t quite go as well as GBBG had hoped, so it has taken them a while to build their business.

BitBillions conducted their first-ever webinar on March 29th. (Listen here) The information in this webinar is valuable to everybody with an interest in how BitBillions works and what it has to offer.

I came across an interesting video, titled, “GBBG BitBillions Intro” that made me chuckle. If you’ve got friends and family who can’t understand why you’re interested in things like Bitcoin and BitBillions, this video may help get your point across

Enjoy!

Posted in All Things Bitcoin, BitBillions, Investing | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Only Two Hours Until TV Game Show “Take My Bitcoins” Premiers

20140403-204418.jpg

TakeMyBitcoins.TV

The first ever live bitcoin game show
Premieres TONIGHT April 3, 2014 11:00 PM Eastern (GMT -0400)

Posted in All Things Bitcoin | Tagged , , , , , , , , , , , , , , | Leave a comment

MOVIE: The Rise and Rise of Bitcoin, Coming April 23rd, 2014

The Rise and Rise of Bitcoin Trailer

IMDB: Coming to theaters in the US 23 April 2014 (USA)

Charlie Shrem: A bitcoin documentary film dubbed The Rise and Rise of Bitcoin is slated to make its debut this April at the Tribeca Film Festival in New York on the 23rd of April.

Updates

Posted in All Things Bitcoin | Tagged , , , , , , , , | Leave a comment

Banking Union Time Bomb: Eurocrats Authorize Bailouts AND Bail-Ins

Patrick:

If you’ve been waiting for a sign to buy Bitcoin, here it is.

Originally posted on WEB OF DEBT BLOG:

As things stand, the banks are the permanent government of the country, whichever party is in power.

 – Lord Skidelsky, House of Lords, UK Parliament, 31 March 2011)

On March 20, 2014, European Union officials reached an historic agreement to create a single agency to handle failing banks. Media attention has focused on the agreement involving the single resolution mechanism (SRM), a uniform system for closing failed banks. But the real story for taxpayers and depositors is the heightened threat to their pocketbooks of a deal that now authorizes both bailouts and “bail-ins” – the confiscation of depositor funds. The deal involves multiple concessions to different countries and may be illegal under the rules of the EU Parliament; but it is being rushed through to lock taxpayer and depositor liability into place before the dire state of Eurozone banks is exposed.

View original 1,601 more words

Posted in All Things Bitcoin | Leave a comment

Global Blockchain Believers Group (GBBG)

20140327-182027.jpg Once upon a time, around 10 years ago, a few software developers started an underground forum to share ideas, collectively solve problems, and periodically show off their skills to their peers. They established a meeting place so members could come and go as they please, participate openly without judgement or criticism, and even remain entirely anonymous if desired. Admission to this secret society was by invitation only, and subject to successful demonstration of intellect and skill.

Over time, trust and respect evolved among peers. Groups of individuals banded together around ideas. Projects emerged to provide solutions for different problems. Entire software packages and operational frameworks grew out of thin air. Some of these solutions had so much to offer, they gained the attention of the entire club.

Eventually, chaos and random chit-chat became uniform efficiency and focused discussion. What was once a friendly experiment was becoming a well-oiled machine. And, as expected, the members realized they had POTENTIAL to create something bigger.

Join Now.

Posted in All Things Bitcoin | Tagged , , , , , | Leave a comment

In Gox we trust? Mt. Gox finds $116M worth of Bitcoins in an old wallet

Patrick:

I wonder how many other “old wallets” MtGox has . . .

Originally posted on VentureBeat:

Think finding a couple of quarters in your couch is cool? Try $116 million worth of Bitcoins.

The ongoing saga of Bitcoin exchange Mt. Gox took another strange turn this morning when the firm announced (PDF) that it has found an old wallet full of 200,000 Bitcoins, worth around $116 million. The news brings the total Bitcoins lost by Mt. Gox down from 850,000 (worth around $500 million today) to 650,000.

Mt. Gox, once the largest Bitcoin exchange on the web, filed for bankruptcy protection in late February following a series of attacks on its servers. The company closed its trading platform, which left anyone with Bitcoins on its system out of luck.

Mt. Gox says it discovered the lost Bitcoins in older wallets that were thought to be empty. The company moved those Bitcoins to other online wallets on March 7 and then to offline wallets in the middle…

View original 25 more words

Posted in All Things Bitcoin | Leave a comment

Developers fix Bitcoin software to prevent the next Mt. Gox

Patrick:

Hmm… Good cover story…

Originally posted on VentureBeat:

The developers who contribute to Bitcoin’s open source software are doing everything in their power to prevent another Mt. Gox fiasco.

Mt. Gox, formerly one of the largest Bitcoin exchanges, suffered a cataclysmic implosion when it announced it had lost more than $400 million in Bitcoin. The latest version (0.9.0) of the “Bitcoin Core” infrastructure software contains five changes intended to prevent transaction malleability attacks, which is the official explanation offered by Mt. Gox for the missing Bitcoins, according to Ars Technica.

Malformed transactions appear similar to legitimate, previously processed transactions, fooling the Bitcoin software. Those illegitimate records didn’t sync with the Bitcoin blockchain, leaving a disparity between the actual location of the funds and the exchange’s records.

But now, thanks to tightened transaction rules, those “mutated transactions” can’t be relayed or mined. The new version also includes functions that report conflicting wallet transactions and instances of double-spending.

Wednesday’s release…

View original 197 more words

Posted in All Things Bitcoin | Leave a comment