Monthly Archives: October 2014

Surveillance Mogul: Make Bitcoin Like Paypal

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Peter Thiel, notable for being the founder of global surveillance firm Palantir and a co-founder of Paypal, today described Bitcoin as "lacking a Payment system" of the sort Paypal had while also criticizing it for introducing a new currency "for speculators." Thiel also insisted commerce happening in Bitcoin was almost entirely illegal. In his conversation with US today Thiel noted he has roughly three quarters of his wealth tied up in illiquid tech stocks.

Melbourne Group Works For Bitcoin ASX Listing

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The "Bitcoin Group" of Melbourne Australia aspires to list on the Australian Securities Exchange reports the Sydney Morning Herald. The Group was founded by Sam Lee and to this point funded by Chinese fire safety mogul Allan Gao. The prospectus will be filed October 22nd with the offer opening October 29th. In related news the Australian Senate has on open call for submission related to its inquiry on Bitcoin regulations which closes November 28th. Presently the group focuses on arbitrage, which they admit will face shrinking returns if more market makers compete in this area. Continue reading →

Coinbase Retains Government Insider

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The New York Times reports that Coinbase has hired former adviser to the US Senate Homeland Security and Government Affairs Committee John Collins. Coinbase is a California based business that "hosts" wallets on the behalf of users while also serving as a payment processor and online retail counter for exchanging between Bitcoin and United States dollars in a time insensitive manner. Among users Coinbase is notable for its inquiries into user activities and blocking gambling related transactions without regard for their actual legality in the user's jurisdiction.

Write For Qntra, Earn Equity In Qntra

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One of the deciding factors when launching Qntra was that the vast majority of bitcoin news websites are corrupted and/or co-opted by dubious companies who wish to advertise their preorders, nonexistent and misleading products to as wide an audience as possible. Pay the entry fee and they gladly promote anything, the content acts as filler for the scamvertisements.

We're going to change that by using a model that will "provide ample financial and political incentive" to do so. Today marks the day that Qntra was listed by MPEx and if you wish to be a part of that, you can earn equity in Qntra by having qualified articles published here.1

By contributing news, views and commentary, you will receive an amount of shares equal to the word count of your article. Whether you decide to keep them, sell them or perhaps buy more, the choice is yours2. You can contact either cazalla or BingoBoingo if you wish to discuss it further and learn more about how Qntra got its start here.

  1. Original content with sources. ↩

  2. You will require an MPEx account or broker, CoinBr for example ↩

Justcoin Wounded by Ripple Flaw

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Justcoin CTO Andreas Brekken documented on his blog a flaw in the official Ripple gateway implementation wherein transactions may be credited for amounts far greater than the actual amount actually transacted. Justcoin customer balances are affected based on customer reports of an email sent by Justcoin. The culprit in the case is a transaction flag called tfPartialPayment which the Ripple wiki described thusly in older revisions: Continue reading →