Bitcoin Book Seeks to Debunk Myth with Math
The latest book by financial crime journalist and fiction author Jeffrey Robinson is making its way around bitcoin missionaries, mercenaries and visionaries following its release last month. BitCon: The Naked Truth About Bitcoin is a critical evaluation of the fantasy and fallacy of the dreamers and journalists that brought bitcoin to notoriety. Its reporting covers all manner of bitcoin debate - the currency, the commodity, the technology, the crime, the scandal, the business, the politics, the regulation, the economics - offering the bitcoin skeptics' usual condemnations of the currency,....
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Myth: No one knows who started Bitcoin. Truth: "Satoshi Nakamoto" is a fictional name for a single person, or, potentially, a group of people who wish to remain out of the public eye. Since they've managed to do this so far, it's likely that they have a long history of secrecy keeping. This suggests strong bonds, such as one finds in a governmental context (i.e. ex-NSA employees, like Snowden), or organized crime. In any case, it's likely that a few people, potentially including governmental security agencies, know who "he" is. Some of these people are undoubtedly becoming extremely rich....
Math Cannot Be Banned joined "Meet The Taco Plebs" to discuss his Bitcoin journey and the importance of storing your value in something finite. The post Interview: Trading Our Time To Earn Bitcoin With Math Cannot Be Banned appeared first on Bitcoin Magazine.
Only a small share of cryptocurrency transactions have illicit purposes and the use of digital coins in illegal activities is for the most part a myth, a high-ranking Russian lawmaker has recently stated. Andrey Lugovoy, who is one of the deputies working on new crypto regulations, also said Russia can become a global leader in crypto mining. Russian Developers Working on Software Detecting ‘Dirty’ Cryptocurrency The illegal use of cryptocurrencies is largely a myth, according to Andrey Lugovoy, a member of the working group on crypto regulation at the State Duma, the lower....
The Newly launched Humble Book Bundle is all about hacking, programming, and Bitcoin this time. A lot of valuable books can be picked up for a very fair price, and cryptocurrency enthusiasts can pay in Bitcoin as well. Every now and then, there is a new Humble Book Bundle, which combines various books on a particular topic and offers them at a very low price to support charity. This week’s bundle is focusing on hacking, programming, and there is a Bitcoin book as well. Especially this latter one is kind of interesting, as it will give people a better understanding of the cryptocurrency....
A high-ranking official at Russia’s central bank believes blockchain technology needs more time to mature. At a banking conference today, financial news source Bankir.ru reports Bank of Russia Deputy Chairman Olga Skorobogatova addressed the growing enthusiasm and interest in blockchain domestically amid a broader talk on innovation. There, Skorobogatova argued blockchain solutions won’t arrive today, but will likely take three to four years to move forward as the technology becomes better understood. A rough translation of the statements reads: "The myth of blockchain, that....