Did Chinese whispers fuel download spike?
The weekend's bitcoin unsupported rumour was that China is to support the currency ... allegedly. If you thought parts of the bitcoin community were susceptible to swallowing rumors, this latest incident just took it up a notch. A user on reddit posted a link -- and summary -- of a documentary on bitcoin from CCTV, the Chinese state broadcaster. This, before a translation had even been offered, was taken as tacit support from the Chinese government for the currency. Whodunnit? A more likely explanation came from a reddit user who took the view that cock-up is more likely than conspiracy.....
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To our Chinese Friends, Countryman, and Government - lend me your ears. The Chinese government has now ordered their press to censor news of bitcoin and our Global Bitcoin Summit. It's already too late. We are bitcoin and we're already there. People are using our currency quietly...carefully today. Does your government think their citizens don't know what the press is forbidden to report? Do they not hear your whispers behind closed doors? Your kingdom may be crumbling from corruption from the inside, yet the lies among their ranks has become circular and corruption is the fruit of their....
Welcome to the CoinDesk Weekly Review 18th October 2013 - a regular look at the hottest, most controversial and thought-provoking events in the world of digital currency through the eyes of skepticism and wonder. Your host ... John Law. That which does not kill me... The law of unintended effects sometimes seems as much a part of the universe as anything Newton or Einstein could cook up. The landing of Apollo 11 on the moon - the triumph of manned space exploration - signalled the start of disillusionment with the whole idea. We haven't been out of Earth orbit since the programme was shut....
Unlike commercial operating systems such as Windows or Mac OS X, Linux stands alone because of its unique nature. One of the major benefits of using this OS is that it is open source, meaning that the underlying source code may be used, modified, and distributed as its users see fit. There are very specialized flavors of Linux such as Bedrock, which can utilize the benefits of various other Linux distributions. Then there are companies like SuSE that provide enterprise-grade Linux for those, mainly corporations, looking for a high degree of stability in server functionality. But why is it....
Rumours suggesting the Chinese government was moving to block Bitcoin related traffic on its networks have been dismissed. News stories about China routinely get traction without being checked and elements of the Bitcoin community seem happy to believe anything which fits with their world view. But forum posters on Bitcointalk quickly moved to quash rumours that Chinese telcos were being warned to block bitcoin-related traffic. The original poster quoted a supposed email which said: "We got further information from our carrier confirming that business such as bitcoin is not a proper....
Recent reports from China indicate there may be more to the Bitcoin ban than meets the eye. According to the Financial Times (FT) the Chinese banking system is in crisis which could explain the Bitcoin ban in China. Chinese citizens seem to be running away from their own banking system in droves and their Government is closing the escape paths - including Bitcoin. During the run up of bitcoin in November you could watch the CNY currency leaking from China on sites like www.fiatleak.org and there was a breathtaking amount of Chinese currency leaking into BTC. The over night Repo rate is a....