Weekend Reading: Bitcoin Heist Edition

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(bitcoin) Here’s looking at you Microsoft tablet and google glass, but it opens the way for better and improved developments. The whole idea isnt to destroy any of the current paper currencies ... Bitcoin "mining" is an incentive structure that has been instrumental in developing that exponential rise in participation. Just as with the automatic inflation regulation, mining is also a purely rational and self-regulating method. Bitcoin. A risky currency? Alleged $500,000 Bitcoin heist raises questions (ars technica) Bitcoin and the End of State-Controlled Money (The Biz of Life) Bitcoin Open Forum (FOFOA) BitCoin – How I Missed The Trade Of The Year (Run to Gold) I just got hacked – any help is welcome! (25,000 BTC stolen) (Bitcoin forums) I view Bitcoin "mining" as that relief valve, but it is a somewhat static element and may not be sufficient to offload enough during a large enough inflow. If that were to happen with the nascent Bitcoin environment, the stigma that would be associated with such forms of currency could set them back quite a ways. This is where the math comes in. Bitcoin was founded in 2008 and there will ultimately be only 21 million Bitcoin ever mined. Today we are approaching the 80% mark, the remaining 20% will take years to mine, and the “mining” gets more difficult and slow as we go.

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How to start Bitcoin mining for beginners (SUPER EASY ...

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