Bitcoin On Air: July 2015

Friday 31 July 2015

Mark Karpeles, Chief of Bankrupt Bitcoin Exchange, Is Arrested in Tokyo

By JONATHAN SOBLE via NYT Business Day http://nyti.ms/1Hd9OIX

Spent a year developing an autotrading bot. How I feel watching money come in passively

http://bit.ly/1Dh4HMv via /r/CryptoCurrency http://bit.ly/1UecIpZ

Got my first tip of the future today...

http://bit.ly/1HcUHiD via /r/Bitcoin http://bit.ly/1Dh341s

Former CEO of Collapsed Mt.Gox Bitcoin Exchange Arrested in Japan: Reports

By REUTERS via NYT Technology http://nyti.ms/1Iet76f

Can Spotify please take my money so I can do away with these treacherous ads?...and no I won't pay with a credit card. I want to pay with BITCOIN.

I wonder if anyone else here has the same feeling. If we do maybe we can get a strong enough petition to have them add bitcoin as a payments section. If they did I would immediately shoot them the money. via /r/Bitcoin http://bit.ly/1OGcjZT

Karples has been arrested! • /r/Buttcoin

http://bit.ly/1IuXzrZ via /r/CryptoCurrency http://bit.ly/1DgGqpT

Mark Karpeles arrested

https://www.youtube.com/watch?v=sLxqM_1xZKY via /r/Bitcoin http://bit.ly/1IPuRZn

Mark Karpeles arrested, video in this article

http://bit.ly/1VSe8bC via /r/Bitcoin http://bit.ly/1eIe38w

Mark Karpeles to be arrested August 1st

The police in Japan made the announcement at 2am on August 1st that they plan to arrest him later that day: http://bit.ly/1gusjDF

It is weird that they would announce to the media that he will be arrested before it happens. I assume he must be cooperating.

Submitted August 01, 2015 at 02:27AM by keatonatron http://bit.ly/1UcVauq

BitBeat: Ethereum Opens Its ‘Frontier’ for Business

http://on.wsj.com/1DWXgFp via /r/CryptoCurrency http://bit.ly/1JBtGvf

Overstock.com and FNY Capital Conclude $5 Million Cryptobond Deal - NASDAQ.com

http://bit.ly/1I7LrAc

Submitted August 01, 2015 at 01:28AM by Egon_1 http://bit.ly/1I7LrAf

Rand Paul Staffer Estimates Campaign Raised $33,000 In BTC By Mid-June

http://bit.ly/1KEYrkx via /r/Bitcoin http://bit.ly/1I8rclM

NEED URGENT HELP WITH MINE PEON

Hi. I'm trying to mine with a Gridseed 5 Chip Asic Miner and a Raspberry Pi. But how do I add my miner to Mine peon. On BFGminer on my PC I just type COM4 on the manage devices screen and that does not seem to be working here. The reason i want to mine on my Pi is because i have to take my laptop with me to school. Can you help me? Thanks in adavnce.

Submitted August 01, 2015 at 03:34AM by BLC4Pro http://bit.ly/1UcWZYl

Dutch bank ABN AMRO: "The financial world is going to flip upside-down."

http://abn.com/1LUQma0

Submitted July 31, 2015 at 09:06PM by steuer2teuer http://bit.ly/1eGcCHN

Microsoft's Bing Launches Bitcoin Rewards Sweepstakes

http://bit.ly/1HaGvGO

Submitted July 31, 2015 at 10:31PM by finalhedge http://bit.ly/1DfqNz4

Spot the Difference

http://bit.ly/1KEqGjm

Submitted August 01, 2015 at 12:47AM by jonnybitcoin http://bit.ly/1KEqIaX

Our current state of affairs...

http://bit.ly/1M1SRZN via /r/Bitcoin http://bit.ly/1I860fY

What is OkCash? An OkCash Review - The Social Cryptocurrency

http://bit.ly/1OFGkc1 via /r/CryptoCurrency http://bit.ly/1MzoIQB

[bitcoin-dev] A summary of block size hardfork proposals

From http://bit.ly/1I6InV5

Submitted July 31, 2015 at 03:24PM by supermari0 http://bit.ly/1JVbt7G

Crazy marketing idea: Find the hidden accepting bitcoin store in your town.

The idea is that people would run around asking in different stores "Do you take bitcoin?" and then go away! It might make one or two store owners think.

Submitted July 31, 2015 at 04:44PM by frrrni http://bit.ly/1gsTQW9

Counting Sand and Bitcoin Addresses

http://bit.ly/1KEaBKs

Submitted July 31, 2015 at 10:10PM by almutasim http://bit.ly/1KEaBKt

Microsoft's Bing Launches Bitcoin Rewards Sweepstakes

http://bit.ly/1HaGvGO via /r/CryptoCurrency http://bit.ly/1I7ZCFl

Crypto activists announce vision for Tor exit relay in every library

http://bit.ly/1DfP8Vo via /r/CryptoCurrency http://bit.ly/1JW1sau

Ivugeo Coin: Making a strong entrance into the world of digital currency

http://bit.ly/1M1OP3N via /r/CryptoCurrency http://bit.ly/1I7Zzt7

New Ethereum Foundation Executive Director and Board Members Signal a Reboot for Ethereum Project

http://bit.ly/1MzilNi via /r/CryptoCurrency http://bit.ly/1IduvWL

Mark Karpeles to be arrested August 1st

The police in Japan made the announcement at 2am on August 1st that they plan to arrest him later that day: http://bit.ly/1JB5Uj8 is weird that they would announce to the media that he will be arrested before it happens. I assume he must be cooperating. via /r/Bitcoin http://bit.ly/1UcVauq

NY Village Makes Ransom Payments to Keep Computers Running

By THE ASSOCIATED PRESS via NYT U.S. http://nyti.ms/1I7STLJ

Overstock.com $5 million cryptobond deal!!

http://bit.ly/1eH0zdc via /r/CryptoCurrency http://bit.ly/1eH0xlm

Overstock.com and FNY Capital Conclude $5 Million Cryptobond Deal - NASDAQ.com

http://bit.ly/1I7LrAc via /r/Bitcoin http://bit.ly/1I7LrAf

Bitcoin PRO here to fix everyone's problems!

Okay, so maybe exactly the opposite, but I figured you were all probably tired of titles like "noob here"...

Anyway, there is a noob here and I'd like to get a SMALL bitcoin miner just to check the whole thing out. Here are things I DO know:

I cannot get anything with just my computer. I need a dedicated bitcoin miner. Some of which can simply plug in to a USB port. I will almost definitely lose money in this "venture"

The thing I need to know: Do I need a special power supply? or do you have a recommendation of a small, complete package that will take care of my needs? I have seen some AntMiners that look like a fair price for a small, but fair speed. I don't know what to get though.

Submitted August 01, 2015 at 12:34AM by Taptic http://bit.ly/1I7xKRQ

doing it right.

http://bit.ly/1IOuv5h

Submitted July 31, 2015 at 08:38PM by royald_lk http://bit.ly/1fORn7p

Spot the Difference

http://bit.ly/1KEqGjm via /r/Bitcoin http://bit.ly/1KEqIaX

Microsoft's Bing Launches Bitcoin Rewards Sweepstakes

http://bit.ly/1HaGvGO via /r/Bitcoin http://bit.ly/1DfqNz4

Fold Will Let You Spend Bitcoin At Target & Whole Foods Soon

http://bit.ly/1hau1dj

Submitted July 31, 2015 at 07:36PM by lateralspin http://bit.ly/1Ha3bag

Counting Sand and Bitcoin Addresses

http://bit.ly/1KEaBKs via /r/Bitcoin http://bit.ly/1KEaBKt

Any news on BitSim?

This seemed like a cool idea but not heard anything from these for a few months.(As the name suggest, bitSIM is a way to put bitcoins on any SIM card, regardless of what mobile phone you are using) via /r/Bitcoin http://bit.ly/1So8a2Y

Coinbase availability map [OC]

http://bit.ly/1LUQkPH via /r/Bitcoin http://bit.ly/1eGcEz6

Dutch bank ABN AMRO: "The financial world is going to flip upside-down."

http://abn.com/1LUQma0 via /r/Bitcoin http://bit.ly/1eGcCHN

Overstock big reveal August 4th

"On Aug. 4 we are making an announcement related to our crypto-initiatives. We are confident people will wish to discuss this on our earnings call," said Overstock CEO Patrick M. Byrne. "Therefore, we decided to postpone our earnings call until Aug. 6. I look forward to speaking with you then."

Submitted July 31, 2015 at 03:24PM by btc5000 http://bit.ly/1KDihwG

doing it right.

http://bit.ly/1IOuv5h via /r/Bitcoin http://bit.ly/1fORn7p

Fold Will Let You Spend Bitcoin At Target & Whole Foods Soon

http://bit.ly/1hau1dj via /r/Bitcoin http://bit.ly/1Ha3bag

CryptoBullion Announces PoSP Algorithm and Expansion to Chinese Market - NEWSBTC

http://bit.ly/1OEX0Au via /r/CryptoCurrency http://bit.ly/1OEX1nX

Wouldn't it be cool if you could send bitcoin as a link that immediately allows the recipient to download a wallet to his phone that receives the bitcoin?

Is this possible? Viral Mycelium so to speak. Could be through e-mail, Whatsapp etc. via /r/Bitcoin http://bit.ly/1OEVpuC

Crazy marketing idea: Find the hidden accepting bitcoin store in your town.

So the contest is like a treasure hunt: The first person who would spend bitcoin at the secret bitcoin store, wins a prize. The secret store would be partnering with the contest organizers, and can't advertise that they accept bitcoin until a winner is found. The store has to reveal that it's the secret store if it's simply asked "Do you take bitcoin?"The idea is that people would run around asking in different stores "Do you take bitcoin?" and then go away! It might make one or two store owners think. via /r/Bitcoin http://bit.ly/1gsTQW9

[bitcoin-dev] A summary of block size hardfork proposals

From http://bit.ly/1gsPuy1 by JeffBIP101 by Gavin:BIP102 by Jeff:BIP??? by Pieter (called "BIP103" below): via /r/Bitcoin http://bit.ly/1JVbt7G

OpenBazaar UI Demo July 30 2015

https://www.youtube.com/watch?v=DBxdzKOMk9I&feature=youtu.be

Submitted July 31, 2015 at 11:17AM by knight222 http://bit.ly/1MAOrZO

Overstock big reveal August 4th

Thursday 30 July 2015

Coinbase now available in Romania.

https://twitter.com/coinbase/status/626917275816316928/photo/1

Submitted July 31, 2015 at 09:08AM by kynek99 http://bit.ly/1IvQfkf

A new version of my I-could-now-pretend-to-be-serious miner

I originally wrote it as an exercise. Typical GPU miners made my system choppy and I was bothered by the big useless console. With this one I mine while playing games.I could now consider it a serious thing. Previous versions could not restore connection after a failure. It has been a nice trip down digital divide but as my users complained, I had to equip it with auto-reconnect machinery. An user noted (a couple of months ago) this was not provided by cudaminer/ccminer... I guess they enjoy working on the funny and profitable stuff.As a last note: I also maintain its manual.Everyone interested in knowing what PoW mining is, investigating stratum or OpenCL will hopefully find good documentation in this. Windows only. via /r/CryptoCurrency http://bit.ly/1IwBpKs

Just out of curiosity, how much of an investment in miners would it take to break even in one day? (Assuming free electricity)

No text found

Submitted July 31, 2015 at 12:38PM by Zman9596 http://bit.ly/1UbarvH

Video: Using bitcoin on BackPage How to Guide

https://www.youtube.com/watch?v=5o2T4DF0iSA

Submitted July 31, 2015 at 03:04AM by _smudger_ http://bit.ly/1OEb0KX

OpenBazaar UI Demo July 30 2015

https://www.youtube.com/watch?v=DBxdzKOMk9I&feature=youtu.be via /r/Bitcoin http://bit.ly/1MAOrZO

Marxcoin: Based On Karl Marx’s Law of Currency Circulation

http://bit.ly/1M0GQDY via /r/CryptoCurrency http://bit.ly/1M0GRrF

The Bitcoin surge on the Greek drama did not came from the Greeks, but from the rest of the world realizing they are using the same system

No text found

Submitted July 31, 2015 at 04:47AM by xentagz http://bit.ly/1DdfhEJ

Coinbase now available in Romania.

https://twitter.com/coinbase/status/626917275816316928/photo/1 via /r/Bitcoin http://bit.ly/1IvQfkf

Bitcoin MOD /u/jratcliff63367 makes front-page post about banning articles. Deletes it after the whole subreddit disagrees!! Ethereum still banned!!

This was the post that was on the front page: http://bit.ly/1IbW6ro The whole subreddit disagreed with him and downvoted all his posts, so he just deleted it! All other posts about the topic he was talking about still banned!! The largest ever Bitcoin crowdfunded project was launched today, but news of it was banned from this subreddit. Nobody is saying that this sub needs to turn into /r/***. BUT, ** was funded by $18,000,000.00 worth of Bitcoin, and has developed a lot of novel blockchain technology which Bitcoin should probably look at adopting. The fact that the largest Bitcoin crowd-fund in history launched today IS ON-TOPIC for this sub. By hiding and banning this technology from this sub, we are making ourselves ignorant to possible improvements we can make to Bitcoin. The mod in question above kept comparing ******* to Dogecoin saying 'Should we start posting Dogecoin articles ehre?'-- One is serious, the other is a joke. Everyone knows it. My suggestion is to modify the off-topic policy to allow posts from other crypto currencies if they have MAJOR news. i.e. Product launches, New york times, wall st journal, etc. If we turn this sub into a circl-jerk echo-chamber then we're doing ourselves a disservice. via /r/CryptoCurrency http://bit.ly/1LU7EEp

Why is Internet in Romania so damn fast, and what this suggests for the blocksize debate.

I watched this video from over at /r/Anarcho_capitalism and this got me thinking. In Romania an unlimited residential 1Gbps connection costs ~$15/month. Why shouldn't full nodes be running from Romania, Latvia or South Korea? (I know that VPS can be even cheaper and faster, but some argue that VPS full nodes are inferior to home connection full nodes).Some bitcoin devs suggest we increase the blocksize conservatively in line with the increase in bandwidth and internet speed in the US and most of the world, but it seems fairly clear that internet speed in the majority of the world is artificially suppressed by governments and monopolies. For eg. here in Sydney, Australia, I already cannot run a full node on my home connection due to the upload speed being capped at 1Mbps, despite paying over $50/month. Are we really doing right by the network if we make sure every raspberry pi on a home connection can run a full node? What about those poor bitcoiners in Cuba and North Korea? Should we wait for them to catch up, or rather for their governments to decide to break up their telco monopolies and join the free world?It seems incredibly unfair to most of the network to pursue this 'no country left behind' policy. Users in Cuba can already use SPV wallets, and if bitcoin operation becomes crucial, perhaps it will even motivate their leadership to improve their internet infrastructure.TL;DR Penalizing the entire bitcoin network to stay in line with the slowest, most oppressed countries is unfair and counterproductive. It may even motivate some countries to suppress their internet speed further. via /r/Bitcoin http://bit.ly/1SQ1IwD

Bank Runs: Bitcoins catalyst. Search in volume Greece vs Worldwide.

http://bit.ly/1JxYrkN

Submitted July 30, 2015 at 09:18PM by imkharn http://bit.ly/1U9qudm

Mt.Gox CEO would be indicted by use of illegally produced private electromagnetic record

http://s.nikkei.com/1It1k1h

Submitted July 31, 2015 at 01:17AM by fhctpr http://bit.ly/1MwxkHC

Ethereum Network Status

http://bit.ly/1MWKDPV via /r/CryptoCurrency http://bit.ly/1MAyyTd

Purse.io Has Disallowed Purchasing Amazon Gift Cards With Bitcoin

This notification just showed up today when I logged in. No reason was stated, but it must be assumed that this was a fraud mitigation decision. The benefit of purchasing Amazon gift cards on Purse rather than just purchasing the desired items directly is that it allowed you to purchase items, including used items, from third-party sellers effectively at a huge discount, which cannot be done through the Purse platform directly. via /r/Bitcoin http://bit.ly/1DdsYU9

Fresh "BTC" plate in Melbourne on a new Mercedes

http://bit.ly/1eCBHTN

Submitted July 30, 2015 at 05:32PM by marxisthunter http://bit.ly/1DbzoTy

[bitcoin-dev] Block size following technological growth by Pieter Wuille

http://bit.ly/1INRr4q

Submitted July 30, 2015 at 10:27PM by Chakra_Scientist http://bit.ly/1Ist5qv

Bitcoin exchange CEO [Mark Karpeles] to be charged [on] suspicions of fraudulent system manipulation

The below translation or title translation is not by me, can not vouch for authenticity... original link in Japanese: http://s.nikkei.com/1It1k1h

"In the case of the virtual currency exchange MtGox which lost a large amount of bitcoin, the Metropolitan Police Department have decided to build a case against the failed operating company's CEO on charges of fraudulently producing and using private electromagnetic records, an official connected to the investigation revealed in an interview on the 30th. The CEO is suspected of fraudulently manipulating the system and inflating the bitcoin balance of fake accounts.

The suspicions concern the French CEO of the exchange's operating company MTGOX (Tokyo/Shibuya) (currently under bankruptcy proceedings).

According to the official, as there are suspicions the CEO misappropriated deposited funds by fulfilling received bitcoin buy orders from fake accounts, the Metropolitan Police Department are also looking into pursuing charges of corporate embezzlement.

Last year, such as during the press conference announcing the collapse, the CEO had explained it was likely external cyber attacks that were responsible for the disappearance of the roughly 650,000 bitcoins (at the exchange rate of the 30th worth about 23 billion yen) that were in customer accounts and elsewhere.

However, this now means that very likely a portion of the bitcoins previously considered missing were fake.

MtGox at one time held a 70% market share among the world's bitcoin exchanges.

Last February, they applied for civil rehabilitation at the Tokyo District Court.

In April of the same year, the District Court decided to commence bankruptcy proceedings."

Submitted July 31, 2015 at 03:07AM by aquentin http://bit.ly/1SPwOnU

Blythe Masters' Keynote Address at the American Banker "Digital Currency Conference" 2015

https://www.youtube.com/watch?v=Clc3ZOP2zUo

Submitted July 30, 2015 at 11:14PM by brighton36 http://bit.ly/1h88txW

Why is there a need for "fee pressure" if miners can choose their transactions?

I don't get this "fee pressure" argument in nearly every blocksize discussion.I understand we want to secure the blockchain, especially once the block rewards get lower.But if miners can choose themselves which transactions to include in their blocks, why is there a need to set a blocksize limit to force "fee pressure"?Wouldn't miners decide for themselves which transactions to mine? Wouldn't they simply calculate which fees are worth mining, and simply reject anything lower?Wouldn't competition drive down fees to the equilibrium between what people are willing to pay, and what miners are willing to include?Please explain to me why I'm wrong. via /r/Bitcoin http://bit.ly/1MxaD6q

The First Version of Programming Language and Cryptocurrency 'Ethereum' Is Out

http://bit.ly/1fMMPhV? via /r/CryptoCurrency http://bit.ly/1VQncNY

BitGold, a cryptocurrency based on gold, is currently giving away 0.25 grams of BitGold ($8.76 right now). It's basically easy costless investing. Thoughts?

This was talked very briefly about a while ago, but I thought you guys would want to know more about it. BitGold is an emerging cryptocurrency much like Bitcoin or Dogecoin, only it's based on many of the principles of gold. They are currently giving out free quarter-grams (worth $8.76 right now) to people who sign up under others' referral links, and to the people who post said links. Earlier, on July 4th, they had a promotion of $9.41 for people who signed up for BitGold that day. You can wire your funds to your bank account, to a BitGold prepaid card, or in actual, physical gold 60 days after you earn it. Soon, you'll be able to redeem your BitGold to your Bitcoin wallet. I'd advise against spending your non-crypto dollars to buy grams and ounces of BitGold (because this very well could be a waste of time and money), but I think it couldn't hurt to get some free money. NOTE: Sometimes when you sign up, you might only get $0.88, which is very weird. Thanks for reading, and please let me know what you think in the comments. :)REF LINKNON-REF LINK (you can do everything on BitGold, but you don't get the free $8.77): via /r/CryptoCurrency http://bit.ly/1fMMPhK

The #1 Bitcoin Cloud Mining Website

CloudThink.IO is a website where you can cloud mine and invest Bitcoins everyday. It's headquarter is in Manchester, United Kingdom. It has upgraded mining equipments in Taiwan. The products have no problems and if there is, there are friendly experts from CloudThink.IO to help you out. You can access this wonderful website from anywhere, with any device such as computers, laptops, and mobiles. This team has several years of experieces from their previous customers, and have solved many various problems that happened and everything went on smoothly.

CloudThink.IO was founded in 2013 by a group of experts in cryptocurrencies. You can see how great CloudThink.IO is by the way customers of CloudThink.IO rate and reviewed this company which you can find it in several places.

I heard this website from one of my friends and learned about all the great outcomes that my freinds have gotten. I then asked myself, is that real and legit? So I have tried using the website CloudThink.IO myself and in the next few days after using this website, I have realized that this is the best, the #1 bitcoin cloud mining and investing website that I have ever seen in my entire life! That's when I decided and knew that I had to let everybody know about this website which led me to write this blog.

CloudThink.IO doesn't drag payments, but pays you right away daily, and that's one of my favorite things. By investing to this awesome website, you will not only surely earn profit because this website is a website that grows to be more successful everyday, but because of the benefits you can get which I will explain in a few paragraphs. This website is expanding to all over the world.

Investing to CloudThink.IO can possibly get you rich. It offers you some benefits such as no fees at all. It has an affiliate program that lets you earn a 5% commision on all the sales.

I have actually gotten a lot of Bitcoins from this cloud mining system, but however I haven't tried investing yet. As soon as I get more Bitcoins, I will definately invest on CloudThink.IO because I know that this company will keep on advancing and earning so much profit. By looking at the past 2 years, I can see the amount of growth from this company. If you are unsure, you can see that profit that CloudThink.IO makes and know that this company will make profit with it's experienced deals.

CloudThink.IO actually sends you the mining equipment right away with FedEx. I got the cloud mining device in few days after I ordered it.

I would recommend CloudThink.IO to anyone anywhere because I know the benefits of working with this company and how it will surely expand over time. Trust me, and earn a lot of profit by investing on this website where you'll surely earn profit from the profit the CloudThink.IO makes.

Submitted July 31, 2015 at 05:52AM by Bitcoinerist http://bit.ly/1MwPx83

The Bitcoin surge on the Greek drama did not came from the Greeks, but from the rest of the world realizing they are using the same system

No text found via /r/Bitcoin http://bit.ly/1DdfhEJ

Video: Using bitcoin on BackPage How to Guide

https://www.youtube.com/watch?v=5o2T4DF0iSA via /r/Bitcoin http://bit.ly/1OEb0KX

Bitcoin powered drone delivers weed in San Francisco

http://bit.ly/1eDwivC

Submitted July 31, 2015 at 01:34AM by MarshallHayner http://bit.ly/1M01QL8

Bitcoin exchange CEO [Mark Karpeles] to be charged [on] suspicions of fraudulent system manipulation

The below translation or title translation is not by me, can not vouch for authenticity... original link in Japanese: http://s.nikkei.com/1It1k1h"In the case of the virtual currency exchange MtGox which lost a large amount of bitcoin, the Metropolitan Police Department have decided to build a case against the failed operating company's CEO on charges of fraudulently producing and using private electromagnetic records, an official connected to the investigation revealed in an interview on the 30th. The CEO is suspected of fraudulently manipulating the system and inflating the bitcoin balance of fake accounts.The suspicions concern the French CEO of the exchange's operating company MTGOX (Tokyo/Shibuya) (currently under bankruptcy proceedings).According to the official, as there are suspicions the CEO misappropriated deposited funds by fulfilling received bitcoin buy orders from fake accounts, the Metropolitan Police Department are also looking into pursuing charges of corporate embezzlement.Last year, such as during the press conference announcing the collapse, the CEO had explained it was likely external cyber attacks that were responsible for the disappearance of the roughly 650,000 bitcoins (at the exchange rate of the 30th worth about 23 billion yen) that were in customer accounts and elsewhere.However, this now means that very likely a portion of the bitcoins previously considered missing were fake.MtGox at one time held a 70% market share among the world's bitcoin exchanges.Last February, they applied for civil rehabilitation at the Tokyo District Court.In April of the same year, the District Court decided to commence bankruptcy proceedings." via /r/Bitcoin http://bit.ly/1SPwOnU