The Bitcoin Pyramid Scheme Step1. Buy 10 bitcoin for R10,000 from a Bitcoin Exchange. Step2. Sell 9 bitcoin to 9 “friends” for lets say R9,900 (R1,100 each) Step3. They each sell 0.5btc to “another friend” for R700 each 1 person now has 1btc at a net cost of R100 per 1btc. 9 people now have […]
MADBITCOINS Episode: Litecoin ASICs, Bitcoin $200 Bubble and Bitmarkers Casino Gambling. Enjoy! [youtube=http://www.youtube.com/watch?v=h3ATCHewymU&rel=0] For more MADBITCOIN videos click on the tag below.
Looking at Bitcoin as a value transfer system. Bitcoin vs Cash has been one of the many hotly contested topics in the bitcoin space over recent months. You may believe or support the notion bitcoin should take over the world by collapsing financial institutions and or governments. You may want bitcoin to remain underground and […]
We Don’t Need No Bitcoin Regulation “We don’t need No Regulation We don’t need no thought control No dark sarcasm in the Blockchain Government: Leave our Bitcoin alone… [Another Block in the Blockchain]” Bitcoin – Background Created anonymously in late 2008, bitcoin is a crypto-currency that can be used to buy and sell a broad […]
So what was the Bitcoin Regulation meetup in London about? We went to the meetup in London this evening, where the panel focussed on the legal, regulatory and compliance components of the bitcoin ecosystem. Sadly no consensus seem to exist and I think its partly due to the difficulty in defining the subject matter and […]