So it’s more or less official: MtGox, once the world’s largest bitcoin exchange, has died and taken all its holdings with it to the…
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The Embarrassing Fact MtGox Left Out Of Their Press Release: Their Bad Code Hygiene Was The Direct Cause Of Problems
Yesterday, the bitcoin exchange MtGox – riddled by problems – issued a press release saying the bitcoin protocol was to blame for its ongoing…
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Placing Your Cryptocoin Wealth In Cold Storage: Installing Armory On Ubuntu
As bitcoin continues to climb in value, its security flaws become increasingly apparent and important. The nightmare is waking up one morning to discover…
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Major Bitcoin Exchange Not Executing Withdrawals; Now Owes Clients $38M In Disappeared Money
MtGox, the oldest and once-largest bitcoin exchange, appears to have a serious problem. Since about a week ago, clients’ bitcoin withdrawals have been deducted…
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The Toy-Hungry Multimillionaire Market That's Completely Underserved
In 2010 and 2011, a lot of geeks acquired something called bitcoin. It’s a novel form of currency that breaks all the rules you…
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Wages For Facebook? Maybe It's Not So Crazy
On the one hand, the “Wages for Facebook” manifesto currently sweeping the web was never meant to be taken literally. The idea that a…
Read MoreBitcoin's Real Revolution Isn't Hard Money, It's Economic Panarchy
The earth-shattering thing about bitcoin isn’t its fixed money supply. It’s not the carefully tuned algorithm that keeps its growth at a steady rate,…
Read MoreBitcoin's Vast Overvaluation Appears Partially Caused By (Usually) Illegal Price-Fixing
Bitcoin is soaring again. On examining the market size and market share for bitcoin, the valuation is unwarranted by several orders of magnitude comparing…
Read MoreThe Swarm Economy Is Not Silicon Valley's "Sharing Economy"
When we talk about the end of workplaces and lifetime employment, please don’t get the wrong idea. This has nothing to do with what…
Read MoreMore Thoughts On The Coming Swarm Economy
The industrial model with lifetime single-employer careers is dying, and it is not coming back. The first sign was a change from lifetime-marriage employments…
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