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News bitcoin and cryptocurrency
Bitcoin-Tech Firm Thinks This Name Can Unify Wall Street Behind ... - Wall Street Journal

24.08.2016 Bitcoin-Tech Firm Thinks This Name Can Unify Wall Street Behind ... - Wall Street Journal

...

A Cryptographer Named After Harry Potters Archenemy is Helping Solve Bitcoins Biggest Problems - CoinDesk

24.08.2016 A Cryptographer Named After Harry Potters Archenemy is Helping Solve Bitcoins Biggest Problems - CoinDesk

In what could become the latest strange-but-true chapter in bitcoin's history, an anonymous cryptographer named after Harry Potter's arch nemesis has put forth a proposal experts believe could help solve major issues facing the network. Authored by ... CoinDesk

Bitcoin Price Technical Analysis for 08/25/2016 – Breakdown Alert! - newsBTC

25.08.2016 Bitcoin Price Technical Analysis for 08/25/2016 – Breakdown Alert! - newsBTC

A continued drop could take bitcoin price to the $575 area next, then onto the longer-term area of interest at $550. However, stochastic is pointing up and might be hinting that bulls could put up a fight. In that case, bitcoin price could still ... newsBTC

Big banks push new digital currency to rival Bitcoin - New York Post

24.08.2016 Big banks push new digital currency to rival Bitcoin - New York Post

UBS has developed a “Utility Settlement Coin” (USC), which is a digital cash equivalent of each of the major currencies backed by central banks, such as the dollar or euro, rather than a decentralized new digital currency such as bitcoin. The USC would ... New York Post

Blockchain 101 With Andreas Antonopoulos: How Bitcoin Makes Each Of Us As Powerful As A Bank - Forbes

23.08.2016 Blockchain 101 With Andreas Antonopoulos: How Bitcoin Makes Each Of Us As Powerful As A Bank - Forbes

In early 2012, Andreas Antonopoulos was a computer scientist and distributed systems specialist working in security when he first heard about Bitcoin. Although he dismissed it a few times, once he delved into it more deeply, “I immediately understood ... Forbes

Bitcoin Price At The Final Slump? - CryptoCoinsNews

24.08.2016 Bitcoin Price At The Final Slump? - CryptoCoinsNews

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Bitcoin price continues slumping as the smaller timeframe chart indicators continue to swing wildly. This analysis is provided by xbt.social ... CryptoCoinsNews

Bitcoin Exchange BTCTurk Terminates Operations in Turkey, Right ... - CoinTelegraph

24.08.2016 Bitcoin Exchange BTCTurk Terminates Operations in Turkey, Right ... - CoinTelegraph

... CoinTelegraph

Bitfury Research Shines Light on Bitcoin Privacy Weaknesses - CoinDesk

24.08.2016 Bitfury Research Shines Light on Bitcoin Privacy Weaknesses - CoinDesk

A new Bitfury white paper aims to advance the study of how bitcoins sent using certain privacy-enhancing techniques could be traced back to participants. Released today, "Shared Send Untangling in Bitcoin" explores how bitcoins in this type of ... CoinDesk

MIT Study Reveals New Data on Free Bitcoin Airdrop - CoinDesk

24.08.2016 MIT Study Reveals New Data on Free Bitcoin Airdrop - CoinDesk

Spurred by active enthusiasts on campus, the prestigious US university raised $500,000 with the goal of distributing $100 in bitcoin to every student on campus. Completed in the fall of 2014, the project would spur similar experiments at campuses ...

Bitcoin Weekly 2016 August 24: Bitstamp turns 5 Ledger wallet giveaway, CEO of CHBTC interview, final Silk Road ... - SiliconANGLE (blog)

25.08.2016 Bitcoin Weekly 2016 August 24: Bitstamp turns 5 Ledger wallet giveaway, CEO of CHBTC interview, final Silk Road ... - SiliconANGLE (blog)

... SiliconANGLE (blog)

 

 

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Last 10 payments (instant payment to faucetbox.com)
User (bitcoin address) Amount (satoshi) Payment date (UTC)
1Hty5MpHnZs4VHYXz9TNt74VVDV7x7YNKP1002016-08-25 11:24:32
1PPgN3WB7Xn4bkBxKyWujYRJ6VxZr84RN11002016-08-25 11:15:57
3Dqt1YeyVV9pJPTPyHTHEE2xe3zoF7UyqF1002016-08-25 10:43:38
1Lu1eDgJUriauuMC9dvMF1s87YYwmaZpim1002016-08-25 10:10:00
12s5Z5Ft6mRQFk1pE6FwTp9nYXUHdUEp2V1002016-08-25 09:39:30
1D2rUpCetoQwWHcXWspdvg3eBMo7LtGRjW252016-08-25 08:46:59
1G59ZD8eAFKS9kKEA8Vz5bPcR7Xm9xaBxm1002016-08-25 08:46:59
1E2QVJysG1hYkJuJmRh3hSbzNugo4TigpW252016-08-25 05:36:11
1BZ56hCXchZ7aNCN1QcL9HKNJ1rcq4GYCW1002016-08-25 05:36:11
1DEhgAMJg4nKqKryHEcNTMpoBMrjmKziD31002016-08-25 04:54:18

 

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What is bitcoin?
What is bitcoin?
Question Answer
Can I make money with bitcoin?

You should never expect to get rich with bitcoin or any emerging technology. It is always important to be wary of anything that sounds too good to be true or disobeys basic economic rules.

Bitcoin is a growing space of innovation and there are business opportunities that also include risks. There is no guarantee that bitcoin will continue to grow even though it has developed at a very fast rate so far. Investing time and resources on anything related to bitcoin requires entrepreneurship. There are various ways to make money with bitcoin such as mining, speculation or running new businesses. All of these methods are competitive and there is no guarantee of profit. It is up to each individual to make a proper evaluation of the costs and the risks involved in any such project.

Is bitcoin fully virtual and immaterial?

Bitcoin is as virtual as the credit cards and online banking networks people use everyday. Bitcoin can be used to pay online and in physical stores just like any other form of money. Bitcoins can also be exchanged in physical form such as the Casascius coins, but paying with a mobile phone usually remains more convenient. Bitcoin balances are stored in a large distributed network, and they cannot be fraudulently altered by anybody. In other words, bitcoin users have exclusive control over their funds and bitcoins cannot vanish just because they are virtual.

Is bitcoin anonymous?

Bitcoin is designed to allow its users to send and receive payments with an acceptable level of privacy as well as any other form of money. However, bitcoin is not anonymous and cannot offer the same level of privacy as cash. The use of bitcoin leaves extensive public records. Various mechanisms exist to protect users’ privacy, and more are in development. However, there is still work to be done before these features are used correctly by most bitcoin users.

Some concerns have been raised that private transactions could be used for illegal purposes with bitcoin. However, it is worth noting that bitcoin will undoubtedly be subjected to similar regulations that are already in place inside existing financial systems. Bitcoin cannot be more anonymous than cash and it is not likely to prevent criminal investigations from being conducted. Additionally, bitcoin is also designed to prevent a large range of financial crimes.

What happens when bitcoins are lost?

When a user loses his wallet, it has the effect of removing money out of circulation. Lost bitcoins still remain in the block chain just like any other bitcoins. However, lost bitcoins remain dormant forever because there is no way for anybody to find the private key(s) that would allow them to be spent again. Because of the law of supply and demand, when fewer bitcoins are available, the ones that are left will be in higher demand and increase in value to compensate.

 

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