Tag: bitcoin
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Our inability to understand the Exponential function
I was reminded of this quote, due to the discussions triggered by the Bitcoin private key database troll website about the feasibility of brute-force searching for the private key of a Bitcoin address. The greatest shortcoming of the human race is our inability to understand the exponential function. – Albert Allen Bartlett A reddit user made some…
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Pseudorandom
Google developers have confirmed a cryptographic vulnerability in the Android operating system that researchers say could generate serious security glitches on hundreds of thousands of end user apps, many of them used to make Bitcoin transactions. (via Ars Technica) The generation of random numbers is too important to be left to chance. – Robert Coveyou,…
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The state of sending money to a friend in 2013
Basically, in 2013, it is still exceptionally difficult to send money to a friend and this is leading to a customer revolution. – Jaron Lukasiewicz, Coinsetter CEO at Inside Bitcoins NYC (via)
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Bitcoin for Small Payments
Everyone should walk around with 1-2 bitcoins that they can use for small transactions only. If enough people are doing that, then the volality of currency goes down and the value of the currency increases. – Vinny Lingham, CEO of gyft (via) BitPay employees pay each other back when someone makes a food run, by…
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We don’t have the technology
One thing humans don’t know how to do is shut down peer to peer networks. We don’t have the technology. – Peter Vessenes, founder and CEO of Bitcoin exchange CoinLab (via)
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My first experience with fiverr, and why they should support Bitcoin
I was looking for a special little something to give my wife on our 1st anniversary, and a friend suggested I’d get someone on fiverr to sing her song. I really liked the idea, and it even took less than 24 hours. Thank you Mou Trego from Cook Islands for singing us a happy anniversary song with…
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Mt. Gox’s Message to the 2013 G8 Conference
Mt. Gox today announced that “a couple of months ago [they] took a big step and bought a full page ad for Bitcoin right in the middle of the G8 Research Group’s official magazine”. The ad shows a caricature of foreign diplomats, wearing their national currency symbol instead of a head, sitting at a table…
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Spring is Coming
I’m hearing of more and more people starting up new businesses with cool, innovative ideas. Spring season in the Start-up Nation is coming. The differences from the years 2000 and 2008, I think, are: Crowdfunding (Kickstarter, Headstart) Affordable IT Infrastructure (AWS, Google) Affordable and idiot-proof (read: hackable by software engineers) hardware platforms (Raspberry Pi, Arduino) and sensors…
