Top 10 Bitcoin Facts


It’s time to put your money where your monitor is! And, while it doesn’t grow on trees, it does in your hard drive! Join http://www.WatchMojo.com as we count down our picks for the top 10 facts about Bitcoin.

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A somewhat technical explanation of how Bitcoin works.

Written version: http://www.imponderablethings.com/2013/07/how-bitcoin-works-under-hood.html

New shorter 5 min introduction: https://www.youtube.com/watch?v=t5JGQXCTe3c

My Bitcoin address: 13v8NB9ScRa21JDi86GmnZ5d8Z4CjhZMEd

Spanish caption translation by Borja Rodrigo, zordycorak@gmail.com, DFJWgXdBCoQqo4noF4fyVhVp8R6V62XdJx

Russian caption translation by Alexandra Miklyukova

Italian voice over: http://youtu.be/1aEf3qr7UdE
Italian captions translated by Simone Falcini, 1H5KdCnBooxfqpXtyQBBAKKRU7MkCZCVCe

Bitcoin Buckles Under Tightened Regulatory Vigil, According to New Report by Global Industry Analysts, Inc.

San Jose, CA (PRWEB) May 27, 2014

Follow us on LinkedIn – As one of the most disruptive forces in modern finance, bitcoin took the financial and monetary system by storm. Strong adoption of the technology by people helped bitcoin rise to fame and stardom as the most successful digital currency. A revolution in the concept of currency, bitcoin during the initial years of its launch elicited a mixture of interest, fevered speculation, intense hype, praise, pessimism, skepticism, criticism, and fear, among governments and people worldwide. Defined as a cryptocurrency, bitcoin evolved during the financial turmoil of the 2007-2009 period, as a means to enable electronic payments by circumventing financial institutions. Unlike most other virtual currencies which are backed by central banks, bitcoin is backed by technology based trust such as cryptographic proofs. As a decentralized digital currency, bitcoin overthrows the risks associated with intrusive governmental regulatory policies on financial transactions. Unstable global financial markets during the period 2009-2013 therefore played a key role in fuelling the early popularity of bitcoin. As several major economies descended into monetary dysfunction and with fiscal strategies like quantitative easing devaluating local currencies and triggering massive migration of savings to safer investment options, bitcoin witnessed increased acceptance during this period. The then prevailing monetary realism in the world economy and the complete collapse in confidence in government issued currency as a result of the government’s failure to act as a good steward of the currency therefore benefited the early development and evolution of bitcoin.

Following the first few years of extraordinary success witnessed in terms of bitcoin’s dizzy ascent in value, popularity and acceptance, the currency system of late is witnessing a major fall from grace with several developments and events casting a cloud over its future. Key events which have negatively impacted bitcoin include widespread government control, restrictions, and ban as a result of fears over the technology’s ability to challenge the hegemony of state money, and repeated failure of the infrastructure that supports the wider bitcoin economy. The debacle of Mt. Gox attributed to technical glitches stands testimony to the system weakness surrounding bitcoin. The fall of Mt. Gox has dealt a mortal blow to public perception, confidence and acceptance of bitcoin and is likely to derail the development of the market and in the process steal over a decade of advancement and growth.

Widespread government control has also largely impacted the market. An increasing number of governments worldwide are growing wary of the risks involved in allowing bitcoin to be transacted freely in the global capital markets, and are therefore actively regulating and banning the currency. Although in its current nascent state, bitcoin offers no real threat to sovereign currencies and global commerce, uncontrolled and unregulated growth of this nationless currency has the ability in the long-run to undermine the strength, stability and confidence of government issued money. The decision of the Chinese government to regulate bitcoin, for instance, has been a major blow to the market, marking the virtual demise of bitcoin in China, which until now was one of the largest markets worldwide. China’s ban on bitcoin in effect has lowered the potential of bitcoin in terms of its ability to make an impact in the global financial market.

The market in the coming years will continue to be impacted by geopolitical events. Other factors which have impacted the market include volatile fluctuations in value, instances of bitcoin theft, hacking, and use of the currency for money laundering transactions. All of these factors have resulted in a quick evaporation of consumer confidence in bitcoin and the initial unchallenged trust in bitcoin is ebbing out. Bitcoin in short has fallen prey to politics, government resistance to financial innovation, and infrastructure inefficiencies. Although bitcoin in its present incarnation is expected to fail, the technology nevertheless has created a legacy and has paved the way for the evolution and emergence of next-generation digital and progressive currency systems. The potential of bitcoin as being an alternative to fiat money has never materialized and still continues to be an unfulfilled promise, nevertheless, the concept of decentralized trust as epitomized by bitcoin has enormous, untapped potential.

As stated by the new market research report on Bitcoin, cumulative number of Bitcoins in circulation worldwide is projected to reach 18.1 million by 2018.

Major players in the bitcoin ecosystem include CoinTerra, KnCMiner AB, Robocoin Technologies LLC, Cloud Hashing, E-pickaxe, ANXBTC, Bitcoincentral, Bitcoinde, Bitcurex, BTC Markets, Bitfinex, BTCChina, Bitstamp Ltd., BTC-e, Campbx, Digital Future LLC, Huobi.com, Justcoin Exchange, Kraken, MercadoBitcoin, VirtEx, BitPay Inc., Coinbase, Gliph Inc., Coinsetter Inc., TruCoin Technologies LLC, BTCJam among others.

The research report titled “Bitcoin – A Market Hype or Reality: A Market Overview”, announced by Global Industry Analysts, Inc., provides a comprehensive review of the technology, market, current scenario, future outlook, trends, issues, drivers, challenges and strategic industry activities. The report provides market estimates and projections for cumulative number of bitcoins in circulation in the global market.

For more details about this comprehensive market research report, please visit

http://www.strategyr.com/Bitcoin_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

Global Industry Analysts, Inc.

Telephone: 408-528-9966

Fax: 408-528-9977

Email: press(at)StrategyR(dot)com

Web Site: http://www.StrategyR.com/







Il seno diventa moneta, dopo i bitcoin arrivano i "TitCoin"

Il seno diventa moneta, dopo i bitcoin arrivano i "TitCoin"
In questo pazzo mondo si sa, di cose assurde se ne fanno e se ne pensano tutti i giorni. Ma questa idea sembra avere proprio dell'incredibile. Accanto alle consuete forme di pagameto, ecco arrivare i nuovissimi "TitCoin". Il nome potrebbe sembrare …
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Bitcoin la moneta elettronica della rete
Da qualche mese se ne parla sempre di più. Il Bitcoin, la moneta elettronica creata nel 2008 da un anonimo conosciuto con lo pseudonimo di Satoshi Nakamoto, sembra essere diventato il futuro delle transazioni economiche online. Anche se permane lo …
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Latest KnCMiner News

KnCMiner Plans 16nm Bitcoin Mining ASIC Launch in 2015
Cryptocurrency mining hardware designer KnCMiner is planning to deploy its next generation bitcoin ASICs in early 2015. The Swedish company announced that its upcoming Solar ASIC will be manufactured on the new 16nm FinFET node, allowing for …
Read more on CoinDesk

KnCMiner Unveils Plans for Solar ASIC Chips
KnCMiner, a company, based in Sweden, has unveiled their new line of Solar chips which will have a 16 nm process. Currently, most updated chips run on a 20 nm process. 20 nm process chips can achieve the efficiency of .7 W per Gh/s. 16 nm chips are …
Read more on Bitcoinist.net

Latest HashCoins News

HashCoins Provides High-End Bitcoin Mining Equipment to Estonia and the World
hashcoins banner HashCoins is an Estonian Bitcoin company that produces high-end Bitcoin mining equipment at a highly competitive price/performance rate. HashCoins has delivered multiple generations of Bitcoin mining products and is excited to offer …
Read more on CryptoCoinsNews

Snoop Dogg Got the Trailer Park Boys Too Damn High
Canada's Kings of Kush (and hash coins) appeared on Doug Benson's “Getting Doug With High” to talk shop and promote their new, profanity-laced online network, Swearnet. The only problem? The boys were too stoned to get high with Doug.
Read more on Marijuana.com

Savvy Bitcoin Users Earn Over $8M in 3-Months with Major 536% ROI Upgrade

Bloomfield, CT (PRWEB) October 02, 2014

Bitcoin miners were excited to find a sudden surge in profitability after a major announcement by leading cryptocurrency hardware provider, GAWMiners. The announcement detailed the company’s plans to offer a free path to upgrade its legacy customers to the company’s revolutionary new bitcoin product, Hashlet Prime.

Hashlet Prime stands as the company’s latest flagship product, leading its Hashlet family of bitcoin miners which took the cryptocurrency industry by storm earlier this summer generating over $ 12M in sales within weeks of release. Boasting features such as zero pool fees, upgradeability, access to the most profitable pool in the world, and the ability to mine multiple algorithms, Hashlet Prime is widely considered the most powerful bitcoin mining product in the world.

While Hashlet was in development, undergoing months of R&D, hundreds of GAWMiners’ customers purchased millions of dollars worth of its previous flagship product, The Vaultbreaker which broke records this June when it launched. Since then, Hashlet Prime was announced while Vaultbreaker orders were still being fulfilled, CEO Josh Garza announced that the company would honor all requests to upgrade Vaultbreaker customers to the latest Hashlet Primes, which command over 5x the price pound-for-pound. Instead of having to pay thousands for an upgrade, Vaultbreaker customers were given the choice to do so for free.

“The customers who invested with us early on shouldn’t have to pay the price for us maintaining our trade secrets” explained Garza as he outlined why his company would offer such an enticing deal. “Giving our earliest customers the same opportunities as our customers today should be the bare minimum. That’s why we’re doing this upgrade for free.”

The announcement comes to the relief of many as companies such as KnC and Butterfly Labs have set the tone in the industry for drastically late shipments and stealing customer mining time with their own products. The later has even been shut down by the FTC as it investigates false advertising and fraudulent practices.

The free upgrade announcement, made in the popular bitcoin community HashTalk.org, on the other hand was met with great celebration with a post receiving over 1000 responses within hours. GAW’s decision produced $ 8m+ of profit for Vaultbreaker customers who mine cryptocurrencies like bitcoin with GAWMiners.

Garza ended the announcement with a bold statement to the community:

“This is only the beginning. GAWMiners is here to stay. “







Related ButterflyLabs Press Releases

BFGMiner 4.0 and MultiMiner 3.0 Officially Released

BFGMiner 4.0 and MultiMiner 3.0 Officially Released
… the bi-algorithm scrypt/SHA256d DualMiner USB stick, GridSeed scrypt ASIC miners, HashBuster Alpha, Hex•Fury, NanoFury NF2/NF6, and OneStringMiner boards. OpenCL support as well as scrypt support in general have also seen major improvements.
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BFGMiner Development Team Releases Version 4.0 of Leading Bitcoin Mining
… ASIC mining hardware: Butterfly Labs's Monarch, BFx2 mining sticks, newer Drillbit miners, the bi-algorithm scrypt/SHA256d DualMiner USB stick, GridSeed scrypt ASIC miners, HashBuster Alpha, Hex•Fury, NanoFury NF2/NF6, and OneStringMiner boards.
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Hashfast Baby Jet Unboxing

 

Just an unboxing of my first Baby Jet from Hashfast.

Getting this up and running was pretty simple, just had to direct a web browser at the IP address of the Raspberry PI to configure it.

 

Though we’re a young company, our founders go back to the very beginning of the Bitcoin mining revolution. Simon Barber and Eduardo deCastro have a track record of innovation and success that stretches back over a decade. Together, they bring not only expertise in developing new tech, but crucial experience in bringing bleeding-edge technology products to market.

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