Anarcho-Lobbyist: Darryl Perry vs. Bitcoin Regulators
Anarcho-Lobbyist: Darryl Perry vs. Bitcoin Regulators.
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Anarcho-Lobbyist: Darryl Perry vs. Bitcoin Regulators - Video
Anarcho-Lobbyist: Darryl Perry vs. Bitcoin Regulators
Anarcho-Lobbyist: Darryl Perry vs. Bitcoin Regulators.
By: Christopher Cantwell
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Anarcho-Lobbyist: Darryl Perry vs. Bitcoin Regulators - Video
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Bitcoin In Review ^1 , Regulated Exchanges, Market Moves and Free Bitcoin Miners - Video
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How bitcoin and its blockchain work
FT technology reporter Sally Davies explains how the blockchain technology behind bitcoin works. With the digital currency #39;s volatility, investors have focused on the public ledger...
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You CAN #39;T EVEN GIVE Bitcoin Away
I have a very open mind. I try new things. I attempt the unknown. I explore the world and risk my life often. I gave hours of my time and life on more than one occasion, attempting to discover...
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Anarcho-Lobbyist: George Lambert vs. Bitcoin Regulators
Anarcho-Lobbyist: George Lambert vs. Bitcoin Regulators.
By: Christopher Cantwell
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Anarcho-Lobbyist: George Lambert vs. Bitcoin Regulators - Video
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By: Coin Republic
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Hacking your money: Cloning credit cards, stealing bitcoin and spoofing Verified by Visa
IBTimes UK technology editor David Gilbert looks at how easy it is for cyber-criminals to clone our credit cards and steal our money online. When in crowded places we are regularly warned...
By: IBTimes UK
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Webjet today began trialling Bitcoin payments for its 'Webjet Exclusives' arm, which offers deals the travel agency has directly negotiated with suppliers. Webjet is the first online travel agency in Australia to embrace the digital currency.
The travel agency said it wanted to offer customers a wide range of choice and flexibility when making payments as for their holidays and travel plans. Customer feedback also drove the decision to take up Bitcoin said CEO of Webjet Exclusives Paul Ryan.
"Traditional credit cards are likely to be the main method of payment for online travel for some time but we expect to see significant growth in digital currency usage," Ryan told CIO Australia.
Its an innovative addition to the existing payment options available on site. In this particular case we are excited to extend this payment option to the community of Bitcoin users that have relatively limited choice in terms of online retailers in the Australian market," he said in a statement.
The website already accepts PayPal, Visa, Mastercard, AMEX, PayPal and BPAY payment options.
If the trial goes well, Webjet will roll out Bitcoin payments to its flight, accommodation and travel insurance packages and deals. Ryan said he will trial it for an "indefinite period".
The travel agency signed with BitPOS, an Australian Bitcoin merchant services provider.
This article was updated 2.40pm Australia, Sydney time for the purpose of adding information.
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Bitcoin: students at Trinity College Dublin believe a bitcoin credit-check database could solve its transparency problem. Photograph: Karen Bleier/AFP/Getty Images
The students are hoping to develop such a database, in which potential business partners could scope each other out, reducing the risk of fraud while allowing people to maintain sufficient anonymity.
The virtual currency, which can be used to pay for goods and services, is attractive because it is not regulated by governments or banks.
However, the TCD team believe a certain degree of regulation might be a good thing, if only to reduce the risk of fraudulent business practices or money laundering taking place behind bitcoins closed doors.
We wanted to develop systems that would give a regulator a degree of visibility on the flows of bitcoin in the same way that central banks have this visibility over normal currencies, TCD professor of computer science Donal OMahony said.
He said bitcoin basically acts like cash, for the internet.
Just as an ounce of gold or a gram of salt has value across all countries, so too does the electronic bitcoin. The coins are created using computer algorithms that are complex it takes an ever-increasing amount of computer power to create each new one, and there is an overall cap set that no more than 21 million coins can ever be created.
Mr OMahony said people who want privacy migrate to using cash, but this can be inconvenient in many ways particularly in a world in which many transactions take place at a rapid pace and on a global scale at the mere click of a mouse button.
The research-led Trinity team of staff and students looked under the bitcoin bonnet and found bitcoins system is much like that used by Swiss numbered bank accounts. The difference is that every time someone makes a transfer from one numbered bitcoin account to another, it gets written into a giant ledger that is open for the world to see.
Using this giant ledger, called the Bitcoin Blockchain, the students were able to trawl through every bitcoin transaction to date to look for patterns.
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