The Real Cost of Moving $83m – Bits & Pieces #7

On December 2, 2014, a transaction worth almost $83 million hit the Bitcoin blockchain. That’s amazing, even before we start talking about fees. Someone was able to move millions of dollars around the globe, without even leaving his leather office chair. Ok, so I don’t know those details for sure, but they’re certainly possible with Bitcoin. For all I know, the sender was still wearing his PJs.

What’s most interesting about this transaction is, as …

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Bitcoin Black Friday at Newegg

Bitcoin Black Friday at Newegg

Hello my name is Tim and I have a confession to make. I have many vices, but this is the one that I am most ashamed of: I am a money hoarder. Every time I play a video game with a monetary system, I become a miser of epic proportions. And there is no currency that I am more miserly with than our orange beauty, Bitcoin. However, I have been making an effort recently to …

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YMB Podcast E49: Cryptorush and Difficult Questions

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This week on the show, we’re joined by King Dragon, the administrator of an altcoin exchange called Cryptorush. He’ll explain the history of his project and talk about where he plans to take it in the future. Then later on, we’ll chat about some difficult questions that we’ve previously struggled with on the show. King Dragon will share some of his Cryptorush experiences that shed new light on the best …

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The Bitcoin Bowl’s Impact – Bits & Pieces #6

The Bitcoin St. Petersburg Bowl

On December 26, 2014, two college football teams will face off in the world’s first ever Bitcoin Bowl, sponsored by BitPay. How cool is that? Thousands of football fans across the nation will watch the game on ESPN and ought to start seeing Bitcoin as more important that they originally thought. Many may even be introduced to cryptocurrency for the first time.

It’s clear that this can only be a fantastic thing for Bitcoin. …

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YMB Podcast E48: Whitelists and Blacklists

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Today, we’re talking about whitelisting and blacklisting with Bitcoin addresses. Many people fear that address discrimination is wrong and could ruin Bitcoin. At first, we thought that’s exactly where we would stand on the issue, but our discussion today leads us to believe a little differently. Although listing can still be awful in some cases, it might actually be more acceptable than we thought. Tim, our ultimate freedom advocate, even comes …

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Bitcoin Will Tank On Bitcoin Black Friday! – Bits & Pieces #5

Black Friday is by far the biggest shopping day of the year. I used to enjoy waking up at the crack of dawn to face the crowds, but that was years ago. These days, I enjoy skipping sleep altogether as most stores open Thursday night. The funny thing is, I often come home empty-handed, and it’s not because I get in line too late. I think it’s because of how much I hate spending money. …

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YMB Podcast E47: Transparency, NFC, and Snapcash

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First up today, we’ll be chatting about transparency in our monetary systems. One Reddit user pointed out that although mining pool operators can cause centralization problems, the risks there are much smaller than in our current banking systems where there is even more centralization and minimal transparency. Then later in the show, we’ll share a bit about the new way to send money with Snapchat and a Bitcoin-lover who implanted an

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How to Destroy Bitcoin – Bits & Pieces #4

We love Bitcoin. A lot. So why would we want to destroy it? Well, for the most part, we don’t. But if you’ve listened to our weekly podcast before, you may have heard us chatting a few times about how the only thing likely to displace Bitcoin is something better. So today, I’m talking about what could be better. If we really did want to destroy Bitcoin, how should we design an ultimate new currency?…

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