Wow! This guy is mining for bitcoin with pen and paper!!!

Sep 30, 2014

Wow! This guy is mining for bitcoin with pen and paper!!!

He decided to see how practical it would be to mine Bitcoin with pencil and paper. It turned out that the SHA-256 algorithm used for mining is pretty simple and can in fact be done by hand. Not surprisingly, the process is extremely slow compared to hardware mining and is entirely impractical. But… Fascinating, and interesting

Bitcoin politician is in!

Sep 26, 2014

Bitcoin politician is in!

Via Mathias Sundin’s Twitter account it is confirmed that he has been elected to the Riksdag, simply stating “I’m in!”. We say congratulations!

In China 70% belive it. In US, 15%…

Sep 22, 2014

In China 70% belive it. In US, 15%…

Darren Allan at BetaNews shares intresting information with us. Apparently only 15 % of american executives belive that, for example, bitcoin will disrupt traditional banking. Well, 70% of their chinese colleagues believe it will… Who is right? Time will tell. From the article: Virtual currencies like Bitcoin are also likely to make a big impact,

Update on Bitcoin VAT case (thanks everyone!)

Sep 1, 2014

Update on Bitcoin VAT case (thanks everyone!)

I have great news! One donor (who wants to remain anonymous for now) has agreed to cover all costs for the written submission that is due in a few weeks. This made it possible for me to hire Mannheimer Swartling, a very reputable Swedish law firm with the necessary experience of the EU court as well

Bitdance the night away!

Aug 1, 2014

Bitdance the night away!

Stockholm och kanske Sveriges största skogsfest sen 2006 bjuder upp till dans och accepterar Bitcoin. Det blir samtidigt norra europas största Bitcoinvänliga fest! Med 2 golv och en lineup som heter duga kommer detta bli en skön upplevelse för era Bitcoins. Plats: Kaknästornet Gärdet 2014-08-02, 13.00-09.30 Price: 180 sek Kontant betalning eller med Bitcoins

What is Bitcoin?

Mar 31, 2014

What is Bitcoin?

Why Everybody Who Doesn’t Hate Bitcoin Loves It https://www.wnyc.org/widgets/ondemand_player/#file=http%3A%2F%2Fwww.wnyc.org%2Faudio%2Fxspf%2F360037%2F;containerClass=wnyc;backgroundColor=%2377B023;downloadedColor=%23bbd891;progressBorderColor=%23bbd891;progressColor=%23ffffff

How to build your bitcoin wallet yourself

Dec 10, 2013

How to build your bitcoin wallet yourself

To be sure that your Bitcoin wallet really is safe, or if you are using another crypto currency that is not already compiled, you need to download the source code and build it your self. This can be a cumbersome process, with tweaks, fixes and updates to your system. This guide is aimed for an

Here’s why volatility isn’t a big problem for Bitcoin

Dec 10, 2013

Here’s why volatility isn’t a big problem for Bitcoin

Bitcoin investors have had a wild ride over the last week. On Wednesday, the cryptocurrency was trading near $1,200. Then, over the next couple of days, the currency plunged, falling below $600 early Saturday morning. Then the currency rallied, rising to around $900 as this article was posted. Bitcoin skeptics say this illustrates a fatal

Bitcoin, not gold, has the Midas touch

Nov 28, 2013

Bitcoin, not gold, has the Midas touch

Getty Images It’s an alternative to paper currencies. It can be traded anywhere in the world. It has a limited supply. And it should be a secure haven if financial markets start to crash. That is a fairly accurate description of gold. It is also an accurate description of bitcoin, the digital currency that is gaining

You sell your winners too soon

Nov 9, 2013

You sell your winners too soon

Jana Vembunarayanan / October 16, 2013 Recently I read an excellent article from Prof. Sanjay Bakshi that appeared in Outlook Business. In this article he writes about the reasons for paying up for quality business like Nestle India. From 1981 to till date this stock returned 32% per annum. At this rate of compounding Rs 1,000

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