Categorybitcoin

Why Johnny can’t encrypt: a usability evaluation of PGP 5.0

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User errors cause or contribute to most computer security failures, yet user interfaces for security still tend to be clumsy, confusing, or near-nonexistent. Is this simply due to a failure to apply standard user interface design techniques to security? We argue that, on the contrary, effective security requires a different usability standard, and that it will not be achieved through the user...

Bitcoin CIA Presentation

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Bitcoin
The World’s First
Person-to-Person
digital currency
Presented by Gavin Andresen to the CIA:

World’s richest 0.1% have boosted their wealth by as much as poorest half

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World’s richest 0.1% have boosted their wealth by as much as poorest half. Inequality report also shows UK’s 50,000 richest people have seen their share of the country’s wealth double since 1984. The richest 0.1% of the world’s population have increased their combined wealth by as much as the poorest 50% – or 3.8 billion people – since 1980, according to a report detailing the widening gap...

Bitcoin is None of the Things it was Supposed to be

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BITCOIN IS NONE OF THE THINGS IT WAS SUPPOSED TO BE. The cryptocurrency was supposed to replace the finance industry. Instead, it has replicated it. On Thursday, the price of Bitcoin fluctuated by thousands of dollars in a 24-hour period. The Coinbase app — which lets you buy and sell cryptocurrencies, and is the number two free app in the App Store as of this writing — started freezing and...

What is Bitcoin?

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What is Bitcoin? With the Bitcoin price so volatile everyone is curious. Bitcoin, the category creator of blockchain technology, is the World Wide Ledger yet extremely complicated and no one definition fully encapsulates it. By analogy it is like being able to send a gold coin via email. It is a consensus network that enables a new payment system and a completely digital money. It is the first...

Could the Wikileaks Scandal Lead to New Virtual Currency?

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It’s not an exaggeration to say that the recent Wikileaks scandal has shaken the Internet to its core. Regardless of where you stand on the debate, various services have simply refused to handle Wikileaks’ business–everything from domain-name providers to payment services–and this has led to many questioning how robust the Internet actually is. Hackers have already stated...

What Did This Swiss Software Developer Have To Do With The Launch Of Bitcoin?

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While the true identity of the possibly pseudonymous founder of Bitcoin Satoshi Nakamoto remains a mystery, there is one man who can be linked definitively to the digital cryptocurrency prior to its public debut. He’s a software developer who goes by the name Michael Weber, appears to be in his early 30s, and has a fondness for tight t-shirts, working out, heavily gelled hair, and sunglasses...

The Creation of Bitcoin

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The Creation of Bitcoin….. New updated info 01/21/15. New info concerning a Jim McCoy concept will be added very soon. The Intro: I started going down this rabbit hole when I first started researching about the concept of bitcoin. The following information and links in this blog is where I kept going in circles for several months. I did find the answer to the mystery, but I feel each person...

Still don’t believe Nick Szabo is Satoshi? Read this.

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During the spring of 2014, Hal Finney gave the Wall Street Journal a copy of some old emails he had received from Satoshi during January 2009. I was reading through these old emails (link) and noticed a strange comment by Satoshi in the following exchange: ———- Forwarded message ———- From: Satoshi Nakamoto satoshi@vistomail.com Date: Mon, Jan 12, 2009 at 8:41...

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The global financial landscape is undergoing rapid transformation led by the creation of modern future proof cryptocurrencies. Cryptocurrencies are the future of money.  Their universal access allows anyone with an internet connection to utilize the power of this innovative technology. Payment Coin (POD) is simply a faster next generation form of digital cash than Bitcoin.

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