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Category: bitcoin – Page 81

— Boin Boing

Some Bitcoin enthusiasts have announced a new project called Bitcloud. The idea is something like the old Mojo Nation P2P architecture, in which individual Internet users perform tasks for each other — routing, storage, lookups, computation — in exchange for very small payments.

The Bitcloud protocol uses Bitcoin-style accounting to allocate those microtransfers, along with Bitcoin-style proof-of-work (they call it “proof-of-bandwidth”) and the authors suggest that the potential for profit by individual members will create enough capacity to replace a large number of centralized commercial services (“Youtube, Dropbox, Facebook, Spotify, ISPs”) with “distributed autonomous corporations,” that obviate the need for centralized control in order to supply anonymous, robust, free services to the public.

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By Gregory Wallace — CNN Money

sacramento kings action

Bitcoin just got another cheerleader.

The Sacramento Kings NBA team just became the first major professional sports franchise to accept Bitcoin, according to an announcement from payment processor BitPay.

Starting Thursday, BitPay spokeswoman Jan Jahosky said Kings fans can use bitcoins to buy merchandise at the team shop — located at the Sleep Train Arena.

Customers will be able to shop online for tickets and merchandise with bitcoins by March 1.

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Andy Greenberg, Forbes Staff

Screen Shot 2014-01-13 at 11.44.20 AMWhen a group of cryptographers launched Zerocoin last year, they hoped their cryptography project could upgrade Bitcoin to be as anonymous as its most privacy-focused users have always wanted it to be. Now, after six months of waiting in vain for their code to be adopted by the Bitcoin community, they’re taking a bolder approach: Creating their own cryptocurrency, with privacy baked in from the start.

At the Real World Crypto conference Monday in New York, Johns Hopkins cryptography professor Matthew Green announced the next phase in the evolution of Zerocoin: creating an alternative cryptocurrency with an infrastructure independent of Bitcoin. The new coins, which Green says will go into circulation in May in some sort of beta program, will have their own exchange rate with existing currencies, their own “miners” producing new coins, and their own public ledger of transactions known as the “blockchain,” just as Bitcoin does. But unlike Bitcoin, Zerocoin is designed to be spent and received without revealing any trace of a user’s identity.

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By and — Bloomberg Businessweek

Behind this week’s coverJoel Flickinger’s two-bedroom home in the hills above Oakland, Calif., hums with custom-built computing gear. Just inside the front door, in a room anyone else might use as a den, he’s placed a desk next to a fireplace that supports a massive monitor, with cables snaking right and left toward two computers, each about the size of a case of beer. Flickinger has spent more than $20,000 on these rigs and on a slower model that runs from the basement. They operate continuously, cranking out enough heat to warm the house and racking up $400 a month in electric bills. There isn’t much by way of décor, other than handwritten inspirational Post-it notes:

“I make money easily,” one reads. “Money flows to me.” “I am a money magnet.”

Flickinger, 37, a software engineer and IT consultant by trade, doesn’t leave the house much these days. He’s a full-time Bitcoin miner.

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By

WASHINGTON –Cody Wilson isn’t afraid of legal gray areas, whether they’re do-it-yourself firearms or anonymous online money.

Last year, the Austin resident and former UT law student posted plans for a 3D-printed plastic handgun online along with a video demonstrating the weapon. He took the plans down days later, after the State Department ordered them removed.

Now, Wilson has moved into another realm growing increasingly popular among tech-centric libertarians. He and six other coders are working on software that would further encrypt bitcoins, an increasingly popular quasi-anonymous online currency.

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Overmanagement by Mr. Andres Agostini

NATGEO NASA
This is an excerpt from the conclusion section o, “…Overmanagement…,” that discusses some management strategies. To read the entire piece, just click the link at the end of article:

BEGINNING OF EXCERPT.

Question: What other contemporary issues particularly concern you? Do you find signs of
hope or resistance around these issues that, perhaps, you finding heartening?

Well, we can make a long list, including the things we’ve talked about, but it’s also worth
remembering that, hovering over the things we discussed, are two major problems. These
are issues that seriously threaten the possibility of decent human survival. One of them is
the growing threat of environmental catastrophe, which we are racing towards as if we
were determined to fall off a precipice, and the other is the threat of nuclear war, which
has not declined, in fact it’s very serious and in many respects is growing. The second one
we know, at least in principle, how to deal with it. There is a way of significantly reducing
that threat; the methods are not being pursued but we know what they are. In the case of
environmental catastrophe it’s not so clear that there will even be a way to control of
maybe reverse it. Maybe. But, the longer we wait, the more we defer taking measures, the
worse it’s going to be.

It’s quite striking to see that those in the lead of trying to do something about this
catastrophe are what we call “primitive” societies. The first nations in Canada, indigenous
societies in central America, aboriginals in Australia. They’ve been on the forefront of
trying to prevent the disaster that we’re rushing towards. It’s beyond irony that the richest
most powerful countries in the world are racing towards disaster while the so-called
primitive societies are the ones in the forefront of trying to avert it.

END OF EXCERPT.

Please see the full article at http://lnkd.in/bYP2nDC