Category Archives: Cryptocurrency

The Cryptocurrency Certification Consortium
Excerpt from Let #39;s Talk Bitcoin - Episode 108 (http://letstalkbitcoin.com/ltb108-the-people-and-projects)

By: Let #39;s Talk Bitcoin!

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The Cryptocurrency Certification Consortium - Video

BBT Presents: Ode to Cryptocurrency
BEST VIEWED IN 1080p HD and with GOOD AUDIO (turn up!) Don #39;t cheat yourself on this one! In light of the commitments many developers, VC #39;s, business owners and genuine enthusiast have spent...

By: Bits Be Trippin #39;

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BBT Presents: Ode to Cryptocurrency - Video

AMD's cryptocurrency nightmare appears to be over, as prices for the company's graphics cards have fallen back to earth.

The chipmaker is now claiming that all of its R9 series GPUs are back in stock at retailers, and at normal prices. As Forbes points out, a quick check of online retailers such as Newegg shows a wide range of AMD cards available at normal prices.

AMD has never directly explained the recent supply shortages and inflated prices for its high-end cards. Still, it's widely believed that miners of alternative cryptocurrency (such as Dogecoin and Litecoin) were gobbling up the supply in bulk, causing AMD's partners to jack up their prices.

It's unclear exactly why demand has subsided, but a recent IRS ruling that cryptocurrency counts as taxable gross income may have helped cool the mining craze, along with the rise of hyper-efficient, mining-dedicated ASIC hardware. Whatever the cause, it's ultimately good news for PC gamers, who can now have a more realistic choice between AMD and Nvidia cards. It's probably good news for AMD as well, as the company can go back to focusing on its core audience.

Along that line, AMD has just cut the price of its Radeon R9 280 graphics card from $279 to $249. The old price made sense while AMD's higher-tier R9 280X was suffering from inflation. Now that asking prices are back in the $299 range, there needs to be a bigger price gap to make the R9 280 worth considering.

As AnandTech points out, the R9 280 still falls into the Gold tier of AMD's Never Settle bundle, so it may be worth the extra $50 over an R9 270 card if any of the free games on the list sound appealing.

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AMD cuts Radeon R9 280 price as inflation woes die down

Bitcoin vs. Political Power: The Cryptocurrency Revolution Stefan Molyneux at TNW Conferen
Historically, politicians have always fought for the power to create money out of thin air, so they can increase their spending without having to directly in...

By: alecto

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Bitcoin vs. Political Power: The Cryptocurrency Revolution Stefan Molyneux at TNW Conferen - Video

The Bitcoin Stats Show - Ep 6: 16th April 2014
The team behind chat about the week #39;s news in Bitcoin and cryptocurrency in this weekly video podcast. This week: Special guest Ric. The team behind chat about the week #39;s news in Bitcoin and...

By: Economy Times

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The Bitcoin Stats Show - Ep 6: 16th April 2014 - Video

CryptoCurrency of the World Unite!
Bring together the crypto currency of the world to help families with critically ill or seriously injured children in the hospital with rental and mortgage g...

By: Erich Mische

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CryptoCurrency of the World Unite! - Video

Federal regulator finds the cryptocurrency qualifies as "money or something of value" but imposes restriction on its use.

Bitcoin

Bitcoins may soon be helping fund an election campaign near you.

The US Federal Election Committee on Thursday unanimously approved a proposal for political action committees to accept donations in the form of Bitcoin, finding that the cryptocurrency qualified as "money or anything of value" as defined by the Federal Election Campaign Act of 1971. However, with its 6-0 vote, the commission that enforces US campaign finance laws imposed several conditions on its acceptance.

PACs must sell the bitcoins they received and convert them to into US dollars before depositing the proceeds into a campaign account. The commission did not approve the use of Bitcoin to acquire goods and services.

The decision came in response to a proposal by the Make Your Law committee to accept individual Bitcoin donations up to $100. To address the anonymous nature of Bitcoin use, the MYL promised that all Bitcoin contributors would be required to provide their name, physical address, and employer.

While the decision was issued as guidance and not as new regulations, the commission's vote suggests that other PACs will be allowed to operate under similar conditions.

In its decision, the commission acknowledged that "government agencies, courts and others are grappling," but said it "expresses no opinion regarding the application of federal securities law, tax law, or other law outside the Commission's jurisdiction to MYL's proposed activities."

Bitcoin's acceptance has grown dramatically in the past couple of months. Cryptocurrency ATMs have begun to pop up, some casinos have said they would accept digital currency payments, and even eBay has begun allowing for limited sales of Bitcoins on its US and UK sites.

The FEC's decision comes a day after the US Securities and Exchange Commission issued an advisory warning investors to be wary of Bitcoin and other virtual-currency related investments. Noting that the cryptocurrency is uninsured, unregulated, and volatile, the SEC said its chief concern was the risk of fraud.

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Bitcoin wins US election panel's approval for political donations

In hopes of creating a bitcoin 'ecosystem,' two MIT students are spearheading a project to give all 4,500 MIT undergraduate students $100 in bitcoin and study how the cryptocurrency plays out on campus.

Some colleges give students planners or bookmarks when they enter a new school year.

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Massachusetts Institute of Technology, on the other hand, will give $100 in bitcoin to all incoming undergraduate students next fall.

The initiative, which was announcedTuesday in MIT's student newspaper The Tech, was the idea of a sophomore and graduate student with backgrounds in bitcoin. So far, they have raised more than $500,000 from alumni and other donors to fund what they are calling the MIT Bitcoin Project, and have the blessing of the school. Their hope is to create a bitcoin ecosystem on campus, in order to create a campus-wide case study of the nascent cryptocurrency.

Giving students access to cryptocurrencies is analogous to providing them with Internet access at the dawn of the internet era, says Jeremy Rubin, the sophomore electrical engineering and computer science major who is one of the founders of the Bitcoin Project,in a release. The other founder is Dan Elitzer, founder and president of the MIT Bitcoin Club and a first-year graduate business student at MIT's Sloan School of Business.

Their aim is both specific and purposefully ambiguous. After the bitcoins are distributed to the students, a variety of professors and researchers will be running studies watching how the MIT community uses the currency. One faculty supporter says this offers a way to peek into our likely data-filled future.

I am supporting them because it is generally an awesome hack, and more specifically I am working to understand how our society can thrive in an age where everything is datafied and can be controlled by computer, says Alex Sandy Pentland, director of the human dynamics laboratory at the MIT Media Lab, to The Tech. While the specific properties of bitcoin have some real problems, getting everyone at MIT to start playing with bitcoin will prompt the MIT community to begin thinking seriously about how we can live in an all-digital future.

Other than those studying how the currency operates around campus, students are also free to use the currency however they please. To prepare, Mr. Rubin and Mr. Elitzer are hosting a bitcoin expo this weekend to begin further discussions on the project, and have gained the support of many other student organizations and faculty members. Over the summer, they will also be readying local merchants for bitcoin payments.

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MIT undergrads will each receive $100 in bitcoin

Know How 74 Cryptocurrency

By: Dennis Roman

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Know How 74 Cryptocurrency - Video

7 hours ago May. 4, 2014 - 8:00 AM PDT

An unlikely sponsormaking its NASCAR debut later on Sunday: Dogecoin, with its cartoon Shiba Inu staring down drivers in a cuteway from the bumper of car 98.

Josh Wise, the cars driver, qualified for the Aarons 499 race in Talladega but needed the money for the sponsorship. The Dogecoin community reached out to Wiseand raised more than $55,000 to pay for the doge-wrapped car. Like many people, Wise had never heard of the cryptocurrency instead, the Doge community found him.

The meme-based altcoin is worth a fraction of a penny, but its true value is in its ability to introduce people to the concept ofcryptocurrency, which has become a very big deal over the last year with the advent of bitcoin. For the Dogecoin community, Wises situationwas a chance to help someone out Shibes, as the community members call themselves, areknown for their fundraising.But through the Dogecoin activism, the cryptocurrency community is gaining something even more valuable: exposure to new audiences.

Acurrency that looks like a joke started as one.

The doge meme, pronounced DOHJ, pairs a mispronunciation of dog from a Homestar Runner videowith a photo of a Shiba Inu with raised eyebrows.On the photo,phrases like Such Doge. Much happy. Wow are overlaid in colorful Comic Sans.Jackson Palmer, a marketing professional at Adobe, first tweeted in November that he was going to invest in Dogecoin after hed seen a bunch of different altcoins with ridiculous names.

The momentum and virality of the meme took it from there.

After a couple people encouraged Palmer to create Dogecoin, he bought the domain name, put a picture of Doge on the virtualcoin and slapped on a funny tagline. He kept getting retweeted and the visitor count went through the roof. Billy Markus, a programmer who had been developing a spinoff of an altcoin, tweeted at Palmer that he was able to change all of the fonts in his currency to Comic Sans. A few weeks after Palmers first tweet, the pair launched Dogecoin on Dec. 8, 2013.

We thought Yeah, well release it and like most funny things online, people will use it for three days and then theyll give it up and thats it, said Palmer in an interview with Gigaom. We put it up on Dogecoin.com and the thing just exploded. I wasnt even mining it at the time.

In the first month alone, the site had more than a million unique visitors and even surpassed bitcoin in the number of daily transactions for a couple weeks. The Dogetipbot, which doge fans can use to tip people through social networks for posting funny or interesting comment, has already processed more than $150,000 in tips. With those numbers, its obvious that the Internet found dogecoin to be funny but kept coming back.

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Such Dogecoin. Much Validity. How one altcoin may have turned into cryptocurrencys best marketing tool