andref
While most altcoins are getting slaughtered, LTC shines propelled higher by Litepay and a new fork. Bitcoin continues its gains as well but stopped short of a new rally. Bitcoin Higher but Stops Short of New Rally Bitcoin prices traded even higher si...
sessin
The article is really interesting! I appreciate the decision of the Bank of England to conduct a study on cryptographic currencies and to introduce a national cryptocurrency by next year. Digital currencies continue to generate excitement these days....
andref
Ether is trading lower versus bitcoin this week. The crypto has lost 12 percent to big brother since Monday as BTC is the preferred crypto this week. Dash on the other hand continues to trade in a range. Ether Down 12 Percent As we mentioned above, E...
Buyer80
Distribution of a real aelf (ELF) !!! Ability to receive up to 5000 per week! traded on large exchanges https://coinmarketcap.com/currencies/aelf/#markets https://candy.aelf.io/account/register?invitationCode=0Q1T51dGbUcV
andref
During the past week, we’re seeing more gains for Bitcoin. This, in turn, led to gains in altcoins like Litecoin as the general crypto market recovers from large losses. Bitcoin Up by 13 Percent Bitcoin is currently quoted at $8,520 dollars per coi...
bzeebee
Suggested Hardware for Monero (XMR) Mining Rig GPUs: Sapphire NITRO+ RX 580 8GB Sapphire NITRO+ RX 580 4GB MSI RX 580 GAMING X 8G Gigabyte GTX 1070 G1 Gaming Gigabyte GTX 1080 Ti GAMING OC Motherboard: ASRock H81 PRO BTC, GIGABYTE GA-H110-D3A,...
Full Text: http://coinfire.cf/2014/08/26/gaw-increasing-hashlet-prices/
What are your honest thoughts regarding this entire GAW Miners Hashlet. I've seen a lot of varying opinions regarding it being amazingly great, some saying it could be a huge scam and others saying they are going to wait and see how it plays out over the next several weeks.
Coin Fire is getting in on the action. We are proud to announce we have the latest code for you to enter and win on this giveaway.
Head over to this blog post: http://coinfire.cf/2014/08/26/coin-fire-miners/
The keyword for an additional entry is the name of our newest contributor to the site.
Head over here once you know the name of our newest contributor: http://chainradio.com/100k-ltbc-giveaway/
And punch it in the keyword field and earn yourself an additional entry.
@silenttyrone Guten Morgan. Up early, today. "Early to rise and early to bed makes a man healthy, but socially dead." Here are some answers on Coinbase. First, let me say, "Really?!"
Coinbase is fully know-your-customer and anti-money-laundering compliant, is basically for Americans, holds "Up to 97% of customer funds are stored offline in bank vaults to prevent theft or loss" from any party except the United States government, one of the most notorious thieves on Earth, and that's supposed to be a comfort? C'mon. Really?
SilentVault allows the user to have possession of the vouchers in the user's wallet, which is legal ownership of the underlying asset. Coinbase is clearly statist, by design, given that one of the original co-founders left to start blockchain.info after a dispute over philosophy if we are understanding the situation there correctly. The "winning" co-founder running Coinbase seems to want to embrace the fedral government of the United States with both arms as if that is a good business move, again if we understand their anti-freedom business policies.
Our technical team lead comments: Transactions within Coinbase get recorded in Coinbase's database. That means all your spends and receipts are linked to your KYC'd identity. Transactions in Silent Bitcoin (SBC) are voucher exchanges, which involve anonymous digital bearer certificates that provide a level of privacy greater than bitcoin itself (because there's no public ledger), and vastly greater than transactions made within a verified account. It's like comparing transfers between accounts in the same bank with the use of physical cash.
Coin transfers from the blockchain to Coinbase, or withdrawals of coins from Coinbase to the blockchain, are likewise attached to your account and associated identity. But transfers between BTC on the blockchain and SBC within SilentVault are anonymous in both directions, because no association is created on the blockchain between your BTC wallet and your SilentVault wallet. You can even redeem your SBC vouchers and direct the coins to a third party, effectively making it possible to pay any bitcoin address directly using SBC.
Because the velocity of SBC is unknown to the blockchain, it works like a "sidechain." This provides a level of uncertainty probably greater than that afforded by the "CoinJoin" algorithm, which associates contemporaneous inputs and outputs, some of which may be owned by the same parties.
So, as long as you are comfortable with the National Security Agency, Central Intelligence Agency, Defence Intelligence Agency, Federal Bureau of Investigation, and every other police and spy agency in the English-speaking world (outside of India, or specifically, the UK, USA, Canada, Australia, and New Zealand, in particular) doing everything they can to invade your privacy, find your assets, attack your freedom, limit your personal sovereignty, and steal as much of your money as they can get away with in order to slaughter children in every other country in the world, spy on every other government, impose nationalist socialism of all kinds, and finance wars of aggression and military occupation, then, sure, Coinbase sounds like your kind of deal. If you object to any part of any of all that, you might want some privacy, you might want some anonymity, you might want some freedom.
If you want freedom, you want SilentVault. And, of course, if you want slavery, mass murder, and endless wars, you know where to go for all that. Ich brauche einen Kaffee.
Wasn't trying to attack on the Coinbase statement, just our readers are going to ask THAT question.
While you and I get how it isn't the same the explanation provided regarding the KYC and what not is a really good differentiator. That said, our readers are going to ask.
@davidberger Is this the first of many 501(c)(3) applications from Bitcoin charities in front of the IRS? Does this tell us something about how the IRS is thinking about its future tax treatments of Bitcoin? I'd be interested in thoughts on these questions...
I am also curious as to the answers to these questions. I'm not sure if the public can see pending applications somewhere or not. I will certainly be searching.
@nightwatch Thanks for the heads up. Why would you be getting an email from bitpay anyway? They don't email you before you can do a transaction so I'm not sure what exactly they are after. Do you have any more information you can give?
At the moment my information is rather limited but I've received several reports via the contact form on CoinFire regarding these phishing emails.
Just wanted to give everyone a headsup that the latest phishing attempt from shady and less than honest scammers is posing as an invoice for BitPay.
Do NOT click on ANY of the links included in this email.
Be sure to always visit the official site yourself by properly typing the URL in your web browser and never click on links you are unsure of.
One of our team members received your release this morning @silenttyrone and is working up some questions for you regarding an article but I am certainly curious about your product.
What differentiates this from trades inside say Coinbase?
I can move coins currently on Coinbase between users off the blockchain. Granted, that doesn't extend to other platforms.
I just want to chime in and say that I love the direction this thread has taken. Great, in depth and well thought out discussion.
@coinfire
Some interesting thoughts for sure.
What are some other projects you'd like to see contributions be made?
I've been thinking about philanthropy a lot recently.
My thoughts are that charity is almost always only good for short term relief, more a band aid for the catastrophic event, earthquakes, tsunamis etc. This is really borne out with the bare facts alone - assessments on government foreign aid, charity in Africa etc
Peter Leeson, the economist has spoken about this. Aid appears to do no long term good, it stops private investment in the economy, is seen as easy money, making people reliant on it and helps fund the corrupt, black markets and war.
For sustained long-term development, private property and competition within the free-market are the conditions needed for the market to be productive, that is the drive that pushes forward development in the economy.
I can't actually think how charity can be useful outside the conditions I mentioned earlier, so I am not really for it for anything long term.
Philanthropy is something I view for things like the arts, not the poor.
What is it they say about giving a man a fish and you feed him for a day, give him a pole and teach him how to fish and you feed him for a lifetime ;)
I certainly found it extremely interesting the IRS granted this non-profit status to a place dealing in BTC though.
@page I don't think giving money to charity for water projects in Africa is a very good idea. If charitable donations actually did what they were supposed to do every African would be drinking free champaign by their mansion pool all day long by now. Clearly, that is not the case.
I personally believe long term solutions are a better idea and that would include private capital investment and free competition, something that is evidently missing in this poor African countries ATM.
I know people generally don't like to hear things like I have just said, but my concern is for productive, happy individuals within Africa, that trade with the rest of the world for mutual gain, rather than feeling good by saying I have donated to charity without any economic understanding for the consequences for that action.
Some interesting thoughts for sure.
What are some other projects you'd like to see contributions be made?
I've been thinking about philanthropy a lot recently.
andref
While most altcoins are getting slaughtered, LTC shines propelled higher by Litepay and a new fork. Bitcoin continues its gains as well but stopped short of a new rally. Bitcoin Higher but Stops Short of New Rally Bitcoin prices traded even higher si...
sessin
The article is really interesting! I appreciate the decision of the Bank of England to conduct a study on cryptographic currencies and to introduce a national cryptocurrency by next year. Digital currencies continue to generate excitement these days....
andref
Ether is trading lower versus bitcoin this week. The crypto has lost 12 percent to big brother since Monday as BTC is the preferred crypto this week. Dash on the other hand continues to trade in a range. Ether Down 12 Percent As we mentioned above, E...
Buyer80
Distribution of a real aelf (ELF) !!! Ability to receive up to 5000 per week! traded on large exchanges https://coinmarketcap.com/currencies/aelf/#markets https://candy.aelf.io/account/register?invitationCode=0Q1T51dGbUcV
andref
During the past week, we’re seeing more gains for Bitcoin. This, in turn, led to gains in altcoins like Litecoin as the general crypto market recovers from large losses. Bitcoin Up by 13 Percent Bitcoin is currently quoted at $8,520 dollars per coi...
bzeebee
Suggested Hardware for Monero (XMR) Mining Rig GPUs: Sapphire NITRO+ RX 580 8GB Sapphire NITRO+ RX 580 4GB MSI RX 580 GAMING X 8G Gigabyte GTX 1070 G1 Gaming Gigabyte GTX 1080 Ti GAMING OC Motherboard: ASRock H81 PRO BTC, GIGABYTE GA-H110-D3A,...