038 Token vs Coin Bitcoin TokenControlledAccess Innovation Artists Cryptocurrency – Video


038 Token vs Coin Bitcoin TokenControlledAccess Innovation Artists Cryptocurrency
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038 Token vs Coin Bitcoin TokenControlledAccess Innovation Artists Cryptocurrency - Video

041 TokenControlledAccess+SoulTradeGame are very similar Innovation Bitcoin Cryptocurrency Trade P2P – Video


041 TokenControlledAccess+SoulTradeGame are very similar Innovation Bitcoin Cryptocurrency Trade P2P
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041 TokenControlledAccess+SoulTradeGame are very similar Innovation Bitcoin Cryptocurrency Trade P2P - Video

042 CryptoToken+SoulTradeGame=similar Innovation Cryptocurrency Bitcoin Trade P2P Money LTBcoin Art – Video


042 CryptoToken+SoulTradeGame=similar Innovation Cryptocurrency Bitcoin Trade P2P Money LTBcoin Art
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042 CryptoToken+SoulTradeGame=similar Innovation Cryptocurrency Bitcoin Trade P2P Money LTBcoin Art - Video

032 Token Controlled Access Bitcoin CryptoCurrency Innovation Trade Game SecondLife RPG – Video


032 Token Controlled Access Bitcoin CryptoCurrency Innovation Trade Game SecondLife RPG
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032 Token Controlled Access Bitcoin CryptoCurrency Innovation Trade Game SecondLife RPG - Video

028 Mashup GooglePlus SoulTradeGame Innovation BitcoinDog CryptoCurrency Cat Rap – Video


028 Mashup GooglePlus SoulTradeGame Innovation BitcoinDog CryptoCurrency Cat Rap
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028 Mashup GooglePlus SoulTradeGame Innovation BitcoinDog CryptoCurrency Cat Rap - Video

Bitcoin-mining company Butterfly Labs shut down by FTC

Company marketed specialized computers designed to produce the cryptocurrency but delivered useless machines, according to an FTC complaint.

A bitcoin-related company that allegedly engaged in deceptive marketing of specialized computers designed to produce the cryptocurrency has been shut down at the request of the US Federal Trade Commission.

In a complaint filed earlier this month, the FTC alleged that the Butterfly Labs charged consumers thousands of dollars for computers that mine Bitcoins but then failed to deliver the machines "until they were practically useless, or in many cases, did not provide the computers at all," the agency said in a statement Tuesday.

"We often see that when a new and little-understood opportunity like bitcoin presents itself, scammers will find ways to capitalize on the public's excitement and interest," Jessica Rich, director of the FTC's Bureau of Consumer Protection, said in a statement. "We're pleased the court granted our request to halt this operation, and we look forward to putting the company's ill-gotten gains back in the hands of consumers."

Bitcoin, which is unregulated and allows for anonymous, untraceable transactions, can be obtained by purchasing it on an exchange or accepting it as payment for goods or services. The peer-to-peer currency can also be generated, or "mined," by solving complex mathematical equations, a process that requires greater computational effort as the pool of possible solutions shrinks. The amount of bitcoins possible is capped at 21 million; there are currently 13.3 million bitcoins in existence.

To perform the arduous mining process, the company marketed what it called a cutting-edge computer for as much as $29,899, the FTC alleged. As of September 2013, more than 20,000 orders for the computer, called BitForce, had not been fulfilled, according to the FTC. The complaint also alleges that Butterfly Labs began marketing a follow-up computer called the Monarch in August 2013 for as much as $4,680 but that by last month few, if any, had been delivered.

"Even where Butterfly Labs did deliver a Bitcoin mining computer to a consumer, the complaint notes that because of the unique nature of the Bitcoin system, the outdated computers were useless for their intended purpose," the FTC said, indicating that a company representative said the passage of time had rendered some machines as effective as a "room heater."

Responding to the FTC's lawsuit, Kansas-based Butterfly Labs said Tuesday it was "disappointed in the heavy-handed actions" of the commission.

"In a rush to judgment, the FTC has acted as judge, jury and executioner, contrary to our intended system of governmental checks and balances," the company said in a statement. "Butterfly Labs is being portrayed by the FTC as a bogus and fake company. To the contrary, Butterfly Labs is very real."

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Bitcoin-mining company Butterfly Labs shut down by FTC

PayPal Testing Bitcoin Payments By Partnering With Cryptocurrency Processors

PayPal announced Tuesday that it will partner with bitcoin payment processors BitPay, Coinbase and GoCoin to allow customers to buy and sell digital products such as online games using the cryptocurrency. The announcement is not an indication that PayPal will transact in the currency, only that the three partners will handle bitcoin processing for PayPal merchants trading in specific businesses.

PayPal, which is owned by eBay, said that it will allow the third parties into its PayPal Payments Hub in part because each of them already offers its customers some level of protection when trading with the still-questionable digital currency. Tuesdays announcement comes after eBay CEO John Donahoe expressed his admiration for bitcoin on multiple occasions, saying in May that PayPal was actively considering integrating bitcoin.

The company maintained that it only sees digital products (i.e., video games and music) being sold utilizing the decentralized cryptocurrency for the foreseeable future. American and Canadian users will be able to use bitcoin first, though PayPal said it is considering expanding to other markets soon.

Merchants were asking for bitcoin integrations, Scott Ellison, senior director of corporate strategy at PayPal, told Forbes. Digital goods were an easy way to do it first.... People are comfortable paying online for those things.

PayPals announcement has already been portrayed as more of a test program than a full-fledged embrace of bitcoin. Overtstock.com started accepting bitcoin in January and began permitting international customers to use bitcoin in August. Still, questions have persisted about bitcoins volatility and governments inability to regulate it.

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PayPal Testing Bitcoin Payments By Partnering With Cryptocurrency Processors

MazaCoin: The First Native American Cryptocurrency (Documentary) | Mashable – Video


MazaCoin: The First Native American Cryptocurrency (Documentary) | Mashable
Can Bitcoin solve poverty on the Pine Ridge Indian Reservation? Payu Harris thinks so. The South Dakota entrepreneur is trying to convince his tribe, the Ogl...

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MazaCoin: The First Native American Cryptocurrency (Documentary) | Mashable - Video

BitcoinDarks Collaborative Network SuperNET Bringing Together Cryptocurrencies Worldwide

BitcoinDark prepares to share their cutting-edge technology with other dev teams when launching collaborative network SuperNET. Over 3500 Bitcoin has been raised for the SuperNet ICO so far.

September 17, 2014 /MM-BitcoinPR/

Proof of Stake cryptocurrency BitcoinDark enters the Bitcoin arena with unique technical advancements such as the teleportation system with the ability to turn any alt coin completely anonymous, InstantDEX decentralized cryptocurrency exchange, tradebots for an optimal trading experience and the infrastructure to turn any alt coin in to Bitcoin: enabling trading everywhere BTC is accepted.

BitcoinDark is now preparing to share their cutting-edge technology with other dev teams when launching collaborative network SuperNET, also called UNITY, an exclusive network designed to unite the most unique cryptocurrencies worldwide. Over 3500 BTC has been raised for the SuperNet ICO so far. BTCD strives to unite the ever expanding cryptocurrency community bringing back decentralization, openness and anonymity.

BitcoinDark completely anonymous Proof-of-Stake digital currency will generate 5% annual staking revenue for holders for more than 60 years, as well as allowing off-blockchain transactions. BTCD stake holders will also profit from BTCD?s various revenues. BitcoinDark is so far the only cryptocurrency that gives the stakeholders the option to earn rewards in Bitcoin. BTCD is already available on cryptocurrency exchanges Bittrex, Atomic Trade, Cryptsy and Poloniex.

The BTCD team has worked tirelessly to build up the infrastructure to support SuperNET; a new initiative designed to gather unique technology in one place, foster collaboration between cryptocurrencies, reward innovation and encourage active coin communities. SuperNET is not meant to replace other cryptocurrencies or become one alt coin but to strengthen the coins by giving them influence and purchasing power. BTCD is looking for alt coins which are enriching the cryptocurrency ecosystem by offering avant-garde solutions and innovative technology hence alt coins that replicate existing currencies will be discarded. The CORE currencies will be able to share each others features through a combined wallet, similar to the NXT wallet, the information is exclusively for members and will be handled with discretion.

SuperNET is not only a collaborative cryptocurrency hub enabling the cryptocurrency community to reach new heights in technological achievements but also a network bringing prosperity to its members. Several additional projects generating revenue will be used to reward SuperNET holders; from targeted advertising and transaction fees from anonymity protocols to betting revenues and trading gains. The CORE shareholders will profit from any revenues raised in order to strengthen CORE coin communities by investing in development, and make improvements to other key areas of the cryptocurrency ecosystem.

With the announced call for action among cryptocurrency developers and altcoin communities worldwide, BitcoinDark might very well be a game changer in the cryptocurrency arena. A gathering on this scale of professionals and entrepreneurs worldwide is so far unprecedented in the history of the cryptocurrency economical movement. The willingness to share their own unique technology like decentralised cryptocurrency exchange InstantDEX, tradebots and new teleportation system allowing truly trust-less transactions shows that BitcoinDark strives to create a Network bringing both prosperity and unity to the cryptocurrency space.

To learn more about SuperNET: https://bitcointalk.org/index.php?topic=762346.0

BitcoinDark official bitcointalk thread: bitcointalk.org/index.php?topic=684090.0/

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BitcoinDarks Collaborative Network SuperNET Bringing Together Cryptocurrencies Worldwide

018 Cat-Women in Bitcoin Furry BitcoinDog Cats vs Dogs CryptoCurrency – Video


018 Cat-Women in Bitcoin Furry BitcoinDog Cats vs Dogs CryptoCurrency
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018 Cat-Women in Bitcoin Furry BitcoinDog Cats vs Dogs CryptoCurrency - Video

020 Reading Bitcoin CryptoCurrency Creative Commons Innovation DEAF – Video


020 Reading Bitcoin CryptoCurrency Creative Commons Innovation DEAF
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020 Reading Bitcoin CryptoCurrency Creative Commons Innovation DEAF - Video

Bitcoin Conferences SL SecondLife 3D Virtual Worlds Cryptocurrency Game – Video


Bitcoin Conferences SL SecondLife 3D Virtual Worlds Cryptocurrency Game
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Bitcoin Conferences SL SecondLife 3D Virtual Worlds Cryptocurrency Game - Video

013 Bitcoin Conferences SL SecondLife 3D Virtual Worlds Cryptocurrency Game – Video


013 Bitcoin Conferences SL SecondLife 3D Virtual Worlds Cryptocurrency Game
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013 Bitcoin Conferences SL SecondLife 3D Virtual Worlds Cryptocurrency Game - Video