Posts Tagged ‘bitcoin’

How the Bitcoin protocol actually works | DDI

April 2, 2017

How…#Bitcoin…works, by @michael_nielsen
http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works Overview focusing on why in addition to how; highlights #privacy issues

QT:{{”
How anonymous is Bitcoin? Many people claim that Bitcoin can be used anonymously. This claim has led to the formation of marketplaces such as Silk Road (and various successors), which specialize in illegal goods. However, the claim that Bitcoin is anonymous is a myth. The block chain is public, meaning that it’s possible for anyone to see every Bitcoin transaction ever. Although Bitcoin addresses aren’t immediately associated to real-world identities, computer scientists have done a great deal of work figuring out how to de-anonymize “anonymous” social networks. The block chain is a marvellous target for these techniques. I will be extremely surprised if the great majority of Bitcoin users are not identified with relatively high confidence and ease in the near future. The confidence won’t be high enough to achieve convictions, but will be high enough to identify likely targets. Furthermore, identification will be retrospective, meaning that someone who bought drugs on Silk Road in 2011 will still be identifiable on the basis of the block chain in, say, 2020. These de-anonymization techniques are well known to computer scientists, and, one presumes, therefore to the NSA. I would not be at all surprised if the NSA and other agencies have already de-anonymized many users. It is, in fact, ironic that Bitcoin is often touted as anonymous. It’s not. Bitcoin is, instead, perhaps the most open and transparent financial instrument the world has ever seen.
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Bitcoin Rival Ethereum Gains Traction – WSJ

July 4, 2016

#Bitcoin Rival Ethereum Gains Traction…. but suffers $55m theft due to hacked code. Wow!
http://www.wsj.com/articles/bitcoin-rival-ether-gains-traction-1466461279

The great chain of being sure about things | The Economist

November 22, 2015

The great chain of being sure about things
http://www.economist.com/news/briefing/21677228-technology-behind-bitcoin-lets-people-who-do-not-know-or-trust-each-other-build-dependable Overview of re-purposing the #Bitcoin blockchain for distributed records

How My Mom Got Hacked – NYTimes.com

January 10, 2015

How My Mom Got Hacked http://www.nytimes.com/2015/01/04/opinion/sunday/how-my-mom-got-hacked.html The Cryptowall #crime business, complete w/ customer support & #Bitcoin payment suggestions

The Face Behind Bitcoin – Newsweek

April 5, 2014

The Face Behind #Bitcoin. Satoshi Nakamoto, hiding in plain sight w. >$100M. Interesting to read his strenuous denial
http://mag.newsweek.com/2014/03/14/bitcoin-satoshi-nakamoto.html

The Secret Web: Where Drugs, Porn and Murder Live Online – TIME

November 13, 2013

The Secret Web: Rather scary account of the Silk Road explaining its use of #bitcoin & #tor
http://content.time.com/time/magazine/article/0,9171,2156271,00.html via @smthwrld #privacy

http://content.time.com/time/magazine/article/0,9171,2156271,00.html

Rich-Get-Richer Effect Observed in BitCoin Digital Currency Network | MIT Technology Review

November 4, 2013

Interesting data set to analyze

Rich Get Richer Effect Observed in #BitCoin: #econophysicists analyzing entire transaction corpus find a #powerlaw
http://www.technologyreview.com/view/518541/rich-get-richer-effect-observed-in-bitcoin-digital-currency-network

Ex-Googler Gives the World a Better Bitcoin | Wired Enterprise | Wired.com

September 16, 2013

Ex-Googler Gives the World a Better #Bitcoin: #Litecoin which appreciated $30 to $8.4K in past year
http://www.wired.com/wiredenterprise/2013/08/litecoin via @bkunkel3
http://www.wired.com/wiredenterprise/2013/08/litecoin/

Never Mind Facebook; Winklevoss Twins Rule in Digital Money – NYTimes.com

April 14, 2013

http://dealbook.nytimes.com/2013/04/11/as-big-investors-emerge-bitcoin-gets-ready-for-its-close-up/