The resolution of the Bitcoin experiment
The resolution of the Bitcoin experiment
ABCoin
Cryptocurrency news and analysis by Andrew Badr, founder of the San Francisco Bitcoin Meetup.
Latest posts
It's All About the Blockchain - Money and State
It's All About the Blockchain - Money and State
Blockstream to Launch First, Instant-Settlement Sidechain for Bitcoin Exchanges
Blockstream to Launch First, Instant-Settlement Sidechain for Bitcoin Exchanges : Liquid is the first product released by Blockstream. Blockstream, with $21M funding and an all-star team, is the most interesting Bitcoin startup.
Decentralized Bitcoin Prediction Markets
Decentralized Bitcoin Prediction Markets : I work for the Yale Economics department (for a FED chairperson, in fact), and they very generously gave me 2 weeks of time off to make a conclusive effort on the project I’ve been working on in my free time for a few months, now. That good news aside, I’m feeling a little burnt out so I’m hoping to get some kind of support from the community or the…
Kraken Passes Cryptographically Verifiable Proof-of-Reserves Audit
Kraken Passes Cryptographically Verifiable Proof-of-Reserves Audit : To calculate the sum of all balances in the tree as well as a merkle tree of all balances, I used the “krakendb root” command. The root hash was: 306daae528dc137c9053554c45e90a631ef859490a3ede651d488135602500a3 The actual holdings were very slightly ( Kraken used a proof-of-reserves scheme to show a private auditor that they are…
Wei Dai AMA on Less Wrong
Wei Dai AMA on Less Wrong : From Wei Dei, who proposed a proof-of-work backed currency a decade before Bitcoin: I didn’t take any steps to code up b-money. Part of it was because b-money wasn’t a complete practical design yet, but I didn’t continue to work on the design because I had actually grown somewhat disillusioned with cryptoanarchy by the time I finished writing up b-money, and I didn’t…
Decentralizing Identity
Decentralizing Identity : Albert Wenger, of Union Square Ventures: Namecoin itself only provides the consistency mechanism. It does not define a format for what should be contained in an identity entry. There are at least a couple of proposals for doing that. One is Namecoin ID and the other is a new project called OneName, which provides both a JSON specification and an initial implementation of…
http://dealbook.nytimes.com/2014/03/11/will-the-real-satoshi-nakamoto-please-stand-up/
http://dealbook.nytimes.com/2014/03/11/will-the-real-satoshi-nakamoto-please-stand-up/ : “It’s not me. I only heard of Bitcoin a few months ago, and it sounds risky,” Satoshi Nakamoto said from his “Leather Clinic” shoe-and-bag repair shop in Fujisawa, just south of Tokyo. In the wake of the Newsweek piece , the New York Times contacted every single person in Japan named Satoshi Nakamoto.
Dorian Nakamoto Denies He's Bitcoin Founder
Dorian Nakamoto Denies He's Bitcoin Founder : More evidence that Dorian is not Satoshi . It looks like the Associated Press specifically edited this video to embarrass Newsweek.
Bitcoin Transaction 4ee89f7c...
Bitcoin Transaction 4ee89f7c... : This is a single transaction for 180,000 BTC, or about $119M. It looks to be MtGox-related money on the move. Biggest ever Bitcoin Days Destroyed ( explanation ). See discussion on Reddit .
Could Satoshi Nakamoto be Satoshi Nakamoto?
In Newsweek’s The Face Behind Bitcoin , Leah McGrath Goodman reports: Standing before me, eyes downcast, appeared to be the father of Bitcoin. Not even his family knew. She found a man named Dorian Prentice Satoshi Nakamoto, whom she claims to be the very Satoshi Nakamoto who invented Bitcoin. The article is a prolonged effort to support this connection on what turns out to be a very weak…
Bitstamp was hacked 2 weeks ago, and only now users are finding out
Bitstamp was hacked 2 weeks ago, and only now users are finding out : I informed Bitstamp that they had at least a breach on their email list, if not the rest of their system. At first they denied it, but in a follow up they eventually admitted to it. Bitstamp needs to clarify what was compromised.
New Side Channel Attack That Can Recover Private Keys
New Side Channel Attack That Can Recover Private Keys : A new practical technique has been published that can recover secp256k1 private keys after observing OpenSSL calculate as little as 200 signatures Takeaway: don’t run Bitcoin clients on shared hosts.
Princeton Bitcoin and Cryptocurrency Conference
Princeton Bitcoin and Cryptocurrency Conference : This looks like a great academic conference on Bitcoin. Happy to see that it will be live-streamed.
New announcement on MtGox site
New announcement on MtGox site : This announcement is currently on the MtGox front page; I’m linking to a copy on Reddit in case that changes. First, the headline: Total amount of assets 3,841,866,163 Total amount of current liabilities 6,501,119,371 But this does not include their massive Bitcoin-denominated liabilities. Next: we found out large discrepancies between the amount of cash held in…
Leaked MtGox Source Code
Leaked MtGox Source Code : The hackers claim to have also obtained a 20GB database dump, as well as passport scans submitted for account verification by users of the site.
CryptoCorp
CryptoCorp : A team to keep an eye on. Their first product, not launched yet, is a web service providing a 2-of-3 signature scheme for wallet security.
MtGox Link Roundup
Bitcoin market Mt.Gox files for bankruptcy — That was fast. It was Monday of this week when Ryan Selkis broke the news of the theft. Mt. Gox sued in United States over bitcoin losses [Speculation] The US Government has control of Gox’s cold wallet — A Reddit post with very weak evidence, but it adds to my feeling that the official story is incomplete Mark Karpeles apologizing on Japanese…
Auroracoin
Auroracoin : Auroracoin is a cryptocurrency for Iceland. It is based on litecoin and is 50% premined. The premined coins will be distributed to the entire population of Iceland, commencing on midnight 25th of March 2014. Auroracoin is an interesting new altcoin. It’s competing ( like Dogecoin ) purely on brand and marketing: a cryptocurrency for Iceland, by Iceland, motivated by beef with the…
Bitcoin Core Development Falling Behind, Warns Key Contributor Mike Hearn
Bitcoin Core Development Falling Behind, Warns Key Contributor Mike Hearn : Too few people are doing the heavy lifting, warns Mike Hearn, one of Bitcoin’s software development luminaries. When Mike Hearn talks, you should listen. He’s among a group of core Bitcoin developers who all strike me as extraordinarily intelligent, and in it for the right reasons. Losing any them would be a serious blow.…