YMB Podcast E47: Transparency, NFC, and Snapcash

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 NFC chip containing Bitcoin ...

Read More »

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? ...

Read More »

YMB Podcast E46: White Thursday

Just one week ago, on November 6, a number of hidden websites on the Tor network were seized by law enforcement and several alleged black market masterminds were arrested. We're dubbing the day White Thursday, a day on which darkness and anonymity were attacked. Although government agents have claimed that the Tor network is compromised, many dark markets continue to operate. Were our governments lying about their accomplishments? Did they really find a flaw in ...

Read More »

What the Fork? – Bits & Pieces #3

The word 'fork' gets tossed around a lot in the Bitcoin world. Many people use it to mean different things. In today's edition of Bits & Pieces, I'll try to explain what Bitcoin forking is all about. In the ancient years BC (before cryptocurrency), forking referred to changing a program's source code and creating a new, similar-but-different program. The differences could be as significant or as minor as desired. Today, in most computer-related contexts, the ...

Read More »

YMB Podcast E45: Understanding Altcoins

Since you're about to listen to this show, you probably know that it's a Bitcoin podcast. We usually focus on Satoshi's original cryptocurrency, but today, we're broadening our horizons. We'll be speaking with a team of altcoin developers to get their perspective on what's going on in the altcoin world and how it applies to Bitcoin. What are some problems that are being solved right now with blockchain technology? Just how far will altcoins go ...

Read More »

Multisignature at Coinbase! – Bits & Pieces #2

In the future, I'll probably avoid writing about two topics so similar, two weeks in a row, but events worked out darn near perfect this time. Last week, I described how multisgnature Bitcoin addresses work and why they are so useful. Just two days later, Coinbase announced a new feature called Multisig Vault. You can now control your own keys when using Coinbase and the company has no ability to run off with your protected ...

Read More »

YMB Podcast E44: Trucoin, Trading Bots, and Art

First up this week is an interview with Brent James from Trucoin. The company is rolling out services that will allow people to quickly buy Bitcoins with a credit or debit card. Mr. James will explain how it all works and why it's extremely beneficial to the community. Then later in the show, we'll be chatting about some researchers from MIT who were able to accurately predict the Bitcoin exchange rate and doubled their money ...

Read More »

Multisignature – Bits & Pieces #1

Welcome to this first edition of our new weekly Bits and Pieces column! I've decided it might be interesting to start posting some short and simple thoughts on specific topics. If a week's topic needs any definition or explanation, I'll provide it, then I'll throw in my own opinion. All in 500 words or less. Maybe slightly more today, accounting for this intro. Here we go! So for our first topic: multisignature. What the heck ...

Read More »