Bitcoin | The Open Money Revolution
10.2K views | +0 today
Follow
Bitcoin | The Open Money Revolution
Decentralize Everything, Start With Money! Open Source, Open Money, Open Future!
Curated by unspy
Your new post is loading...
Your new post is loading...
Scooped by unspy
Scoop.it!

A Solution to TheDAO Hiest(s)

Burn the Ether that was stolen
unspy's insight:

Some say burning quarantined loot would hurt Ethereum, maybe drop its value to zero. I beg to differ. Think basic supply and demand, with limited supply comes greater demand. This is good idea that reddit user "tsontar" came up with: quarantine (soft fork) then burn the booty (hard fork).


This would save #TheDAO, increase the price of ETH, and boost the "social proof" of Ethereum. Win-win. At the same time, it would discouraging the "moral hazard" of future bad actors as well as the foolish investors, so for them it is a lose-lose. Thus returning balance to the Universe.

Read comments section of
"The Big 'TheDAO' Heist FAQ"


Also Read: "An open letter- to the attacker"

By u/tsontar

= = = = = == =

Hi attacker,

I've reviewed your contract and do not consider it valid. Therefore I am making the decision not to enforce it.

Your refer to the code of your contact as authoritative. This is a fallacy. 

According to the code that is responsible for administering your contract - namely, the code that mines the Ethereum network, each miner has complete discretion to decide for himself which transactions to include in a block. 

As miners we have the ability to decide not to recognize your transactions as valid. You knew this when you made the decision to manipulate the contract, so that was a risk you took, which appears to have backfired.

You are welcome to pursue your case in court. Good luck with that! 

Sincerely,

A minner

more...
Scooped by unspy
Scoop.it!

Ethereum CRASHED, Then RECOVERED As DAO Exploit Revealed!

Ethereum CRASHED, Then RECOVERED As DAO Exploit Revealed! | Bitcoin | The Open Money Revolution | Scoop.it
Wow, what a morning for Ethereum. I have been watching closely since a DAO exploit was revealed, sending Ethereum into the red within minutes. Since then,
unspy's insight:
Time to buy!
more...
Scooped by unspy
Scoop.it!

SmartContract.com (tweet by Vitalik) • /r/ethereum

SmartContract.com (tweet by Vitalik) • /r/ethereum | Bitcoin | The Open Money Revolution | Scoop.it
"Easily give your smart contracts easy access to external data feeds, internal systems and bank payments" https://smartcontract.com/ Thing
more...
No comment yet.
Scooped by unspy
Scoop.it!

Can a Bot Run a Company? - Reason.com

Can a Bot Run a Company? - Reason.com | Bitcoin | The Open Money Revolution | Scoop.it
The DAO is an ambitious project that's already amassed an incredible amount of funding. A lot could go wrong, but it could be revolutionary if it goes
more...
No comment yet.
Scooped by unspy
Scoop.it!

Why I'm Predicting a $650 Bitcoin in 2016 - The Bitcoin Channel

Why I'm Predicting a $650 Bitcoin in 2016 - The Bitcoin Channel | Bitcoin | The Open Money Revolution | Scoop.it

coindesk.com / Richelle Ross / December 30, 2015 at 17:30 GMT Richelle Ross is an independent cryptocurrency consultant and a computer science major at the University of Florida, whose interests include programming and cryptology.

unspy's insight:

I predict $750 this time next year (Dec 31st 2016).

more...
Scooped by unspy
Scoop.it!

IBM, J.P. Morgan, Others Build a New Blockchain For Business

IBM, J.P. Morgan, Others Build a New Blockchain For Business | Bitcoin | The Open Money Revolution | Scoop.it
“I think Bitcoin is an interesting application for blockchain but there are thousands of applications and wider use cases beyond that.”
unspy's insight:

“I don’t believe there will be one blockchain to rule them all,” Cuomo said. Because the technology will be available through the Linux Foundation, developers at the DMV could find code for building a title-tracking block chain and adapt it to their needs at a lower cost, than hiring specialists to build it for them.

more...
No comment yet.
Scooped by unspy
Scoop.it!

Coinbase's Visa-Branded Bitcoin Debit Card | PYMNTS.com

Coinbase's Visa-Branded Bitcoin Debit Card | PYMNTS.com | Bitcoin | The Open Money Revolution | Scoop.it

Could bitcoin soon be everywhere consumers want to be? Coinbase has officially rolled out the first U.S.-issued bitcoin debit card called the Shift Card. This Visa-branded debit card will enable Coinbase users across 24 U.S. states to use a card to spend bitcoin at 38 million merchants worldwide — both online and off. 

unspy's insight:

This is what I've been waiting for...

more...
No comment yet.
Scooped by unspy
Scoop.it!

Bitcoin: The Psychology of Money - Stefan Molyneux

This quick Video Tutorial explains how to make a Dr. Evil Paper Wallet or Bitcoin Brain Wallet. Get the ZIP file for BitAddress.org @GitHub https://github.co...
more...
No comment yet.
Scooped by unspy
Scoop.it!

Jamie Dimon: You’re Wasting Your Time With Bitcoin - YouTube

Subscribe to Fortune - http://www.youtube.com/subscription_center?add_user=FortuneMagazineVideo FORTUNE is a global leader in business journalism with a worl...
unspy's insight:

Jamie Dimon an old man in a new tech era. It is like talking a postman about email in early 80s.

more...
No comment yet.
Scooped by unspy
Scoop.it!

4 Reasons Why Banks’ Private Blockchains Will Fail

4 Reasons Why Banks’ Private Blockchains Will Fail | Bitcoin | The Open Money Revolution | Scoop.it
Banks will never compliment Bitcoin as a currency because it is not in their best interest. Every dollar invested in Bitcoin is a dollar taken out of their fiat currency system, which is good for the planet, but bad for the stockholders.
unspy's insight:

So the current Blockchain love affair is as close to a “you were right, we were wrong” as the Bitcoin community will ever get from the mainstream. Only when the banks can’t make a go of turning the blockchain into an internal cash cow, I’m sure they’ll say “See! Told you there was nothing there!”

more...
No comment yet.
Scooped by unspy
Scoop.it!

E-Coin Debit Card Integrating Bitcoin And Fiat Currency Launches Online Funding Campaign - CCN: Financial Bitcoin & Cryptocurrency News

E-Coin Debit Card Integrating Bitcoin And Fiat Currency Launches Online Funding Campaign - CCN: Financial Bitcoin & Cryptocurrency News | Bitcoin | The Open Money Revolution | Scoop.it
E-coin is bridging the gap between cryptocurrency and Fiat currency and has a crowd-funding campaign to help it get there quickly.
more...
No comment yet.
Scooped by unspy
Scoop.it!

‘Neucoin Will Have More Consumers Using It Than Bitcoin within One Year’ - Founder

‘Neucoin Will Have More Consumers Using It Than Bitcoin within One Year’ - Founder | Bitcoin | The Open Money Revolution | Scoop.it
According to official NeuCoin summary: “The foundations are overseen by independent Council Members and Advisors, but are ultimately controlled by coin holders (1 coin = 1 vote). This structure makes NeuCoin more decentralized and accountable than Bitcoin, Ripple or Stellar." 
unspy's insight:

This article fails to mention several key issues:
 

1. Neucoin is a centralized premine coin with 99.9% concentrated on the hands of founder, angel investors and team members. So called foundations are controlled by the team. Only 0.1% was sold to pre-sale buyers, the worst distribution of any altcoin out there.
 

2. Founder of Neucoin (Daniel Kaufman) and top investor (Josh Abrams) have a shady spyware background. Their previous company Direct Revenue has illegally infected millions of computers and was sued twice, by the Federal Trade Commission and New York State. Bloomberg, ZDnet, NBC and others all have articles online about this fiasco.
 

This fact alone should be a major red-flag for any computer user.

more...
No comment yet.
Scooped by unspy
Scoop.it!

Bitcoin or Surveillance? Cashless Society Will Force You to Make Tough Choices

Bitcoin or Surveillance? Cashless Society Will Force You to Make Tough Choices | Bitcoin | The Open Money Revolution | Scoop.it
Remember when cashiers used to ask you ‘cash or card?’
unspy's insight:

Centralizing millions of people’s financial information has always ended badly. 

more...
No comment yet.
Scooped by unspy
Scoop.it!

Ardor - New Competitor to Ethereum Arises Amidst Reports of The DAO Attack

Ardor - New Competitor to Ethereum Arises Amidst Reports of The DAO Attack | Bitcoin | The Open Money Revolution | Scoop.it
Ardor, a “child chain” platform developed by the Nxt core dev team, is announced amidst reports of The DAO hack.
unspy's insight:
The realization that it may be easier to just provide the tools for people and companies to build their own Blockchain solutions, gave birth to several BaaS initiatives, such as Ethereum, Lisk, and now Ardor
more...
No comment yet.
Scooped by unspy
Scoop.it!

Keynote by Vitalik Buterin: Crypto 2.0 - State of the Onion - Smart Contracts for Smart Nations

Keynote by Vitalik Buterin: Crypto 2.0 - State of the Onion - Smart Contracts for Smart Nations | Bitcoin | The Open Money Revolution | Scoop.it
Speaker: Vitalik Buterin, Inventor of Ethereum This event was organised by Otonomos (http://www.otonomos.com), DBS, Thomson Reuters, and Linklaters
more...
Scooped by unspy
Scoop.it!

The “Autonomous Corporation” Called the DAO Is Not a Good Way to Spend $130 Million

The “Autonomous Corporation” Called the DAO Is Not a Good Way to Spend $130 Million | Bitcoin | The Open Money Revolution | Scoop.it
Software that crowdsources investment decisions among cryptocurrency enthusiasts is unlikely to yield returns.
more...
No comment yet.
Scooped by unspy
Scoop.it!

Investing in Ethereum: What can you handle for 30x returns? — The Drone

Investing in Ethereum: What can you handle for 30x returns? - The Drone - Medium
Almost all of my investments are conventional: a work 401k, IRAs for me and my wife; 529 college savings accounts for each of my three…
more...
No comment yet.
Scooped by unspy
Scoop.it!

14 Headlines That Rocked Bitcoin and the Blockchain in 2015 - CoinDesk

14 Headlines That Rocked Bitcoin and the Blockchain in 2015 - CoinDesk | Bitcoin | The Open Money Revolution | Scoop.it

In this year-end special, we look back at the bitcoin and blockchain news stories that made the most impact during 2015.

unspy's insight:

A look back...

more...
No comment yet.
Scooped by unspy
Scoop.it!

Australian police raid the home and offices of reported Bitcoin creator

Australian police raid the home and offices of reported Bitcoin creator | Bitcoin | The Open Money Revolution | Scoop.it
Craig Steven Wright
unspy's insight:

The creator of bitcoin may be an Australian finance geek named Craig Steven Wright, according to a new report by Wired's Andy Greenberg.

Or it could be Wright and his close friend Dave Kleiman, who died two years ago, according to Gizmodo. Or Wright could be a man who really wants to take credit for it. Or the hunt to identify bitcoin's creator is wrong again.

more...
No comment yet.
Scooped by unspy
Scoop.it!

Bitcoin ATM Thieves Strike Atlanta Smoke Shop

Bitcoin ATM Thieves Strike Atlanta Smoke Shop | Bitcoin | The Open Money Revolution | Scoop.it
A smoke shop in Atlanta, Georgia, was robbed of its bitcoin ATM during a brazen Tuesday night heist.
unspy's insight:

Watch the Video.

more...
No comment yet.
Scooped by unspy
Scoop.it!

First Blockchain-Powered Government to Launch in Odessa, Ukraine

First Blockchain-Powered Government to Launch in Odessa, Ukraine | Bitcoin | The Open Money Revolution | Scoop.it
Bitcoin Foundation Ukraine and KUNA Bitcoin Agency are expected to announce a Ukrainian blockchain project to set up an e-governance system in Odessa, Ukraine.
unspy's insight:

There are over 3000 Bitcoin ATMs in this country.

more...
No comment yet.
Scooped by unspy
Scoop.it!

J.P. Morgan Chase CEO Jamie Dimon: ‘Bitcoin Is Going To Be Stopped!’

J.P. Morgan Chase CEO Jamie Dimon: ‘Bitcoin Is Going To Be Stopped!’ | Bitcoin | The Open Money Revolution | Scoop.it
Jamie Dimon, in his less than humble opinion, declared Bitcoin dead at the Fortune Global Forum in San Fransisco yesterday, and not just in the United States, but anywhere where a central government exists.
unspy's insight:

Hubris.

more...
No comment yet.
Scooped by unspy
Scoop.it!

Visa Debuts Bitcoin Proof-of-Concept for Car Leasing

Visa Debuts Bitcoin Proof-of-Concept for Car Leasing | Bitcoin | The Open Money Revolution | Scoop.it
From the driver's seat, the customer then chooses the lease options for the car – low, mid or high mileage, for example and DocuSigns the leasing contract right there and then. This is all in turn updated on the blockchain
unspy's insight:

DocuSign released a YouTube video that shows a step-by-step demonstration, including instances in which information is published via the bitcoin blockchain.

more...
No comment yet.
Scooped by unspy
Scoop.it!

The drone 'death ray' that can knock out UAVs using radio waves

The drone 'death ray' that can knock out UAVs using radio waves | Bitcoin | The Open Money Revolution | Scoop.it
The AUDS system uses high powered radio waves to disable drones, effectively blocking their communication and switching them off in midair.
unspy's insight:

The system is being shown off in Las Vegas amid growing concern over the threat from unmanned vehicles. 

more...
No comment yet.
Scooped by unspy
Scoop.it!

High Noon Out West Between Trump and Rubio the Kid

High Noon Out West Between Trump and Rubio the Kid | Bitcoin | The Open Money Revolution | Scoop.it
both men travel to Las Vegas to campaign in events just a few hours apart. Mr. Trump will hold his rally first on the Las Vegas Strip at a theater that, perhaps fittingly, is home to an installment of the theatrical and grandiose Cirque du Soleil series.
unspy's insight:

Mr. Rubio will appear later to speak to supporters at an affluent development of west of the Strip. Don’t expect him to say much about Mr. Trump. He hasn’t been taking the bait so far, believing that avoiding the back-and-forth would give him the higher ground. And that of course helps Mr. Rubio, 44, appear to be something he isn’t often called in a presidential field of older, more seasoned politicians: the adult.

more...
No comment yet.