Monthly Archives: November 2013

Say hello to Safeplug, Pogoplug’s $49 Tor-in-a-box for anonymous surfing

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“Safeplug is essentially Linux-based hardware packaging for Tor, which is slightly-hard-to-use software for people who want to surf the web anonymously. Tor does this using encryption and by bouncing everyone’s traffic around other users’ connections, making it almost – but not always — impossible to see who’s visiting which page. Safeplug also automatically blocks ads.  ‘We’re huge fans of Tor and are very good at building these small appliances,’ Pogoplug CEO Dan Putterman told me, explaining that Safeplug just needs to be plugged into the user’s router. ‘It takes 60 seconds to install, then all of your in-home internet access becomes completely anonymized.'”

http://gigaom.com/2013/11/21/say-hello-to-safeplug-pogoplugs-49-tor-in-a-box-for-anonymous-surfing/

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N.S.A. May Have Hit Internet Companies at a Weak Spot

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“Government spies hit them at a weak spot — the fiber-optic cables that connect data centers around the world and are owned by companies like Verizon Communications, the BT Group, the Vodafone Group and Level 3 Communications. In particular, fingers have been pointed at Level 3, whose cables are used by Google and Yahoo.  The Internet companies’ data centers are locked down with full-time security and state-of-the-art surveillance, including heat sensors and iris scanners. But between the data centers — on Level 3’s fiber-optic cables that connected those massive computer farms — information was unencrypted and an easier target for government intercept efforts.”

http://www.nytimes.com/2013/11/26/technology/a-peephole-for-the-nsa.html?_r=0&pagewanted=all

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Cheapair.com CEO on accepting bitcoin

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“Cheapair.com CEO Jeff Klee on why it’s worth accepting bitcoin as a form of payment.”

http://video.foxbusiness.com/v/2870650794001/cheapaircom-ceo-on-accepting-bitcoin/

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Researchers Retract Report That Linked Bitcoin Creator and Silk Road

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“Two Israeli computer scientists who over the weekend published a paper describing a financial connection between the Bitcoin peer-to-peer transaction system and the operator of Silk Road, an Internet black market, have backed away from the claim after an independent security researcher took responsibility for the puzzling account that generated the transfer.  According to Meni Rosenfeld, a mathematician who is chairman of the Israeli Bitcoin Association, one possibility is that the Silk Road service might have been run by a group, rather than an individual. This might explain why the F.B.I. has not been able to easily recover the additional Bitcoins.”

http://bits.blogs.nytimes.com/2013/11/27/researchers-retract-report-that-linked-bitcoin-creator-and-silk-road/

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The Digital Currency Growing Faster Than Bitcoin

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“In 2011, two years after the birth of Bitcoin, former Googler and MIT grad Charlie Lee decided to create a version of Bitcoin that would make it more accessible.  He called it Litecoin.  ‘I think Satoshi [Nakamoto, Bitcoin’s pseudonymous creator] is great, and Bitcoin is awesome,’ Lee said in a recent interview with BI. ‘I didn’t fix Bitcoin. I just made small changes that made [Litecoin] a little bit better.’ Litecoin is not the only digital currency to have mounted Bitcoin’s virtual coattails. Coinmarketcap lists about two-dozen ones who’ve seen their prices increase in the past few months. Litecoin appears to be the first among these secondary equals, something reflected in its $670 million market cap.”

http://www.businessinsider.com/introduction-to-litecoin-2013-11

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Are cryptocurrencies the new dotcom stocks?

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“Bubbles are usually built on some revolutionary new technology. Whether it’s railroads or automobiles or dotcom. This bubble has the potential to be bigger than all of them. Money is involved in every transaction we make. I watched a talk by Conservative MP Douglas Carswell at the Russian Embassy on Monday night. Carswell too is convinced that, just as happened with music and books, with retailing and information, digital technology will revolutionise money. Banks and governments will lose their monopoly. And as the Atlas Pulse newsletter observes, whether it was gold in the ‘70s, Japan in the ‘80s or dotcom in the ‘90s, each bubble grew to a value equivalent to the entire S&P.”

http://moneyweek.com/bitcoin-and-cryptocurrencies-the-new-dotcom-stocks/

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World’s first Bitcoin ATM exceeds $1M in transactions within one month

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“So far, so good for the world’s first Bitcoin ATM.  On its 29th day of operation at the Waves Coffee House in Vancouver B.C., Robocoin’s Bitcoin ATM exceeded $1,000,000 CAD in volume from 1,576 transactions.  Interesting to note that more than 50 percent of people who bought Bitcoin — instead of exchanging Bitcoin for CAD — were from first-time buyers of the digital currency.  Operated by Las Vegas-based Robocoin and Vancouver-based Bitcoiniacs, the ATM scans your palm and allows you to exchange cash for Bitcoin, or do the reverse. Customers can make up to $3,000 worth of Bitcoin exchanges per day.”

http://www.geekwire.com/2013/worlds-bitcoin-atm-exceeds-1m-transaction-volume-month/

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Mark Thornton exclusive RT TV interview on Bitcoin

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“Mr. Thornton is a Senior Fellow at Ludwig von Mises Institute; an American economist.”

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Hard drive containing Bitcoins worth £4m buried in Newport landfill site

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“It belonged to James Howells, who threw it out when he was clearing up his desk in mid-summer and discovered the part, rescued from a defunct Dell laptop. He found it in a drawer and put it in a bin.  And then last Friday he realised that it held a digital wallet with 7,500 Bitcoins created for almost nothing in 2009 – and then worth about the same.  ‘You know when you put something in the bin, and in your head, say to yourself ‘that’s a bad idea’? I really did have that,’ Howells, who works in IT, told the Guardian.   At the time he obliviously threw them away, the 7,500 Bitcoins on the hard-drive were worth around £500,000.”

http://www.theguardian.com/technology/2013/nov/27/hard-drive-bitcoin-landfill-site

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Bitcoin Price Hits $1,000 After Doubling in 7 Days. What Next?

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“The price action around regulation has been fast and furious, and regulatory news is likely to remain a dominant force for the foreseeable future.  Several times already in 2013 we’ve seen the price of bitcoin increase dramatically around the time of major regulatory events. For example, the Bitcoin Price Index increased from $47 to $95 in 10 days after the US Treasury’s FinCEN issued its forward guidance back in March. Last week’s highly publicized US Senate hearings delivered an even more dramatic result, with the price jumping from $478 on the morning of Monday 18th November to $744 at midnight (GMT).”

http://www.coindesk.com/bitcoin-price-1000-doubling-7-days/

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