Category Archives: Bitcoin

Bitcoin News That Interests Me

Roger Ver: ‘Undercover US Government Agents Go on LocalBitcoins and Arrest People’

Roger Ver is one of the most famous personas in the crypto industry. He calls himself “the first investor into the crypto industry,” being involved with it since 2011. Studying computer science and economics “as a young man” helped him understand the technology behind Bitcoin.

https://cointelegraph.com/news/roger-ver-undercover-us-government-agents-go-on-localbitcoins-and-arrest-people

Bitcoin Cash Developers Are Building Tools for Better BCH Fungibility

The team says they have been steadily trying to find a solution for the liquidity problem with a bot that shuffles coins for people when there are not enough participants tumbling coins. The developers say they have been contemplating other ideas like incentivization techniques similar to the Coinjoin protocol.

https://news.bitcoin.com/bitcoin-cash-developers-are-building-tools-for-better-bch-fungibility/

The Prophets of Cryptocurrency Survey the Boom and Bust

Among a certain subset, it was both fashionable and integral to ignore the fluctuations in price. The idea was to build and shore up a new system—for everything from payments and banking to health care and identity—that was either a replacement for the old one, or at least an alternative to it, one that was borderless, independent of state control and of exploitation by Big Tech.

https://www.newyorker.com/magazine/2018/10/22/the-prophets-of-cryptocurrency-survey-the-boom-and-bust

Bitcoin’s Proof-of-Work Can Be Made More Efficient, IBM Research Claims

The problem they faced is that, unlike specialized PoW mining hardware for cryptocurrencies such as ASICs and GPUs, IoT devices vary widely in their computational power and energy resources. After all, IoT is a broad category that includes everything from pocket-sized temperature sensors to internet-connected automobiles.

https://www.coindesk.com/bitcoins-proof-of-work-can-be-made-more-efficient-ibm-research-claims/

How A Hapless Bitcoin Entrepreneur Got Swept Up In The Crypto Craze And Started A Multimillion-Dollar Ponzi Scheme

Though the video may have come across as grandiose and slightly ridiculous, it was emblematic of Pelletier’s approach to bitcoin. He liked to make big promises, even if he couldn’t always deliver. Back in 2016, he was an enthusiastic cryptocurrency convert and had big plans about how to make money.

https://www.buzzfeednews.com/article/janelytvynenko/bitcoin-mining-plan-cryptocurrency-lending-scheme