It is inevitable that there will be regulation involving Bitcoins. You simply cannot have millions of dollars disappear and nothing is done about finding out where the money went and why. Mt Gox the biggest exchange for trading Bitcoins having closed and with it several hundred Bitcoins which apparently were valued at $300+ million, now […]
virtual currency
Betting With Bitcoins
Clearly the story of the year has been Bitcoins and its rise to being at one point more expensive than gold. Which was a little weird since you can do stuff with gold such as making necklaces, rings etc. The only thing you can do with Bitcoins is store them until you want to cash […]
After Silk Road, BitCoin Is Next
The main reason for using BitCoin has effectively been shut down. Silk Road was the online place where you could buy drugs and other stuff that the authorities may not want you to buy. In the indictment published the FBI also accused Ross William Ulbricht of using a hit man on two occasion to kill […]
Bookmaking And Bitcoins
Two events happened in the last seven days which has altered my perception about BitCoin and the future of this virtual coin. 1. The apparent loss of 1,300 BTC by a Bitcoin betting site called Just-Dice when a gambler betted coins that he/she did not own when the coins should have been transferred away from […]
10 Reasons Why BitCoin Is Dodgy?
1. No one knows who invented BitCoin except those in the CIA, NSA and related organisations making it really opaque and therefore dodgy. 2. Nothing except drugs and extreme porn seem to be traded using BitCoin, why? 3. Online poker was an option for its use until it was attacked, why would a poker site […]