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wtorek, 15 kwietnia 2014

Homocoin IPO starts today.

Homocoin IPO starts today. We have 7460 blocks mined until today and we will keep mine for IPO until 20.04.2014 when Homocoin Wallet Qt will be released for Homocoin Foundation members. 197 000 Homocoin are deposited in Homocoin Foundation Fund. Rest of premine coins are reserved for an IPO.

You can check the amount yourself at: abe.homocoin.org

We estimate there will be around 250 000 Homocoin for IPO.
You can own them by sending BTC to this address:

1MBXzyX7ApZc6amdN6SDRp6w4AKWS2QYse

The minimum amount is 0.01 BTC and the sky is the limit. We have a goal of 20 BTC, you can help us to achieve it.

We will send Homocoins on 01.05.2014, when the IPO will finish. We divide all Homocoins equally to the amount BTC buyers has send for an IPO.

After you send your bitcoins, mail us with BTC address you use. Homocoin@gmail.com

niedziela, 13 kwietnia 2014

Cody Wilson Creates Controversy Again With Dark Wallet for Bitcoin [Video]


Cody Wilson With Dark Wallet and BitcoinUniversity of Central Arkansas (UCA) alumnus Cody Wilson creates controversy again with his latest rebel aspiration Dark Wallet. Prior to being named a premiere anarchist in the digital arena by international media Wilson was a prominent student government figure. In 2010 he graduated with honors from UCA with an English degree. While Wilson was on campus he was a Sigma Phi Epsilon fraternity member and the executive president of Student Government Association.

In 2013 this 26-year-old anarchist made headlines with the Liberator, which is a 3D gun he designed. The Liberator is made mostly of plastic materials but created a controversy within the government. Wilson’s 3D gun project designs were originally posted online but at the request of the State Department were later removed. Before removal, however, the blueprints were downloaded in excess of 100,000 times.
The 3D gun, which was named the FP-45 Liberator pistol, is a symbol of government resistance. The FP-45 is a pistol that was designed for mass production during World War II. Wilson continues to create controversy as a leading proponent of crypto-anarchism, this time with Bitcoin.
According to Wired magazine, Wilson is one of the most dangerous people in the world. He is broadly anarchist with an anti-state philosophy, but considers himself to simply be of the libertarian mindset. Wilson credits his views on politics to UCA where he said his anarchist views were established and substantiated through research in Torreyson Library.
This Libertarian’s projects are a part of his work at a non-profit organization dedicated to striking the roots of all statist monopolism called Defense Distributed, per the company’s website. This operation is run from Wilson’s apartment located in the same area as the University of Texas (at Austin). Wilson attended the university’s law school but dropped out to pursue free-market projects.
Wilson’s latest project, Dark Wallet, serves as a secret file for the online currency Bitcoin. He has teamed up with developer Amir Taaki on this latest venture. Dark Wallet is expected to launch this year as a service designed to keep digital transactions invisible. This online currency is a mechanism for breaking free from monetary regulation. With Bitcoin’s potential use as an anonymous online currency it has been declared by law enforcement officials and lawmakers as a possible easy target for cybercriminals.
Bitcoin offers no real form of balance insurance and this has sparked reason for the FBI, Department of Homeland Security, U.S. Senate as well as the Securities and Exchange Commission to watch Bitcoin operations very closely. Many federal agencies and lawmakers have called it a threat and a leading proponent for money laundering. Wilson said, despite these objections anonymous cash flow is necessary online.
About half of all Americans know what Bitcoin is but the majority do not trust it and consider other forms of currency more efficient, according to a survey on CNBC.com.
According to Wilson the United States has chosen not to treat online currency as legal money and that is important. He said Defense Distributed is trying to reclaim the tradition of consensus, purist Bitcoin. Wilson said people either do not know what Bitcoin truly is or they have no clue what to think of it as an emerging form of currency.
He went on to say the company Defense Distributed is not trying to win the narrative war specifically and any objections, especially from the federal government, are typically unjustified.
Politically speaking, Wilson said many millennials have made a greater distinction between something that is illegal and something that is wrong, allowing for individuals to decide for themselves what is appropriate.
Cody Wilson has done it again with his latest rebel aspiration called Dark Wallet. Wilson was a prominent student government figure before international media named him a premiere anarchist in the digital arena. His latest project Dark Wallet is expected to launch this year. It is a wallet for the online currency Bitcoin and is designed to keep digital transactions invisible.
By: Cherese Jackson (Virginia)

Bitcoin Falls Below The $400 Mark, Down More Than 60% From Its All-Time High



Bitcoin reached another milestone today, with the cryptocurrency falling below the $400 per-coin mark. Bitcoin sold for over $1,100 inside of the last 52 weeks.
The price correction was driven by news from China, as it often has been. Fresh rumors of a government crackdown on the currency in the country, which could blunt demand and adoption, and therefore impair its value, sent the price of bitcoin down a quick 10 percent. It has since continued to slip.
According to Bitcoin Average, the average price of bitcoin is currently around $388, down from a 52-week high of roughly $1,132. Coinbase has the current price of bitcoin at around $394, down from a peak of $1,126.
Bitcoin had a good start to 2014, rising from around $770 to north of $900. Here’s the Coinbase one-year chart:
Screen Shot 2014-04-10 at 1.53.48 PM
It’s worth noting that total bitcoin transaction volume has also weakened in the past few weeks. Here is Coinbase’s chart of bitcoin transactions per day. Keep an eye on the trend following the early March spike:
Screen Shot 2014-04-10 at 1.55.54 PM
Divining the next short-term move in bitcoin’s price is something of a fool’s gamble — and I am as guilty of this as anyone — meaning that recent declines could merely be a trough. But with falling volume and falling prices, bitcoin’s vital signs are not as strong as they once were.
As we’ve discussed ad nausem, bitcoin’s network is the key to its value. However, it could be that the network’s activity has not grown quickly enough to support declining speculative interest in bitcoin. That’s my best guess, at least.
So here’s the question: What next centennial mark will bitcoin reach? $300 or $500?

6 Things a Bitcoin Millionaire Would Probably Buy

Whether you are for or against digital currency, there is no denying that Bitcoin is making headlines. Created in 2009, Bitcoin is becoming a preferred choice of currency. There is no bank to go through, no transaction fees, and your purchase remains anonymous.
Sure, you can purchase Alpaca socks and pizza with Bitcoin. Even Overstock.com and Gyft will happily accept your Bitcoins. But could you purchase some serious high-ticket items? The answer is, overwhelmingly, yes! There a few people that have put away some serious Bitcoin scratch. And it all, even digital currency, adds up.
Here are 7 surprising big ticket services and merchandise you can purchase with Bitcoin.
1. $100,000 TeslaFor 91 Bitcoins, or $100,000, a Florida resident purchased the all-electric Tesla Model S with digital currency. Welcome to the future.
6351679508_f3f5101676_b
Getting the most out of your Bitcoins is also timing. Bitcoin value has been known to vary. The buyer, tracking the value, noticed a spike and locked in the Bitcoin value with the dealership.
2. A Luxury ApartmentDoes a luxury apartment in Nice sound good? Or, what about relocating to New York City?
nice-france
A home away from home, a two bedroom and two bathroom apartment rental in Nice comes equipped with Internet and a wine fridge. Their website's homepage even proudly features the "Bitcoin Accepted Here" logo. If you are looking for something more permanent, you can purchase a SoHo Condo. The owner will only accept Bitcoin.
3. A Stradivarius ViolinOne of the most coveted instruments in the string family was purchased using Bitcoin.
Flickr | https://flic.kr/p/F886T
In a multimillion dollar private transaction, wealth management firm, LeoGroup, purchased the Rolls Royce of instruments: an 18th century Stradivarius violin. The firm originally planned to purchase the violin with gold, but went with Bitcoin instead to go around a logistics issue.
4. Legal RepresentationGot yourself into some trouble? Better call Rose Law Group.
Flickr | https://flic.kr/p/4HKp22
Ryan Hurley, an Arizona lawyer and Rose Law Group partner, represents a few Bitcoin millionaires. Hurley convinced the top partner at Rose Law Group to accept Bitcoin in exchange for legal services rendered.
5. A College EducationGet that mining software ready in high school. Study hard, assemble a trustworthy mining team, and stash those Bitcoins away. But not for car or fancy home.
Flickr | https://flic.kr/p/8Nsk3B
If you attend Cumbria College, you can pay for your college education with Bitcoin. Cumbria is the first public university in the world to accept Bitcoin as payment for tuition.
6. A Trip to SpaceLeave it to Richard Branson to offer a, literally, out of this world experience for the cost of 323 Bitcoins (or $250,000).
Flickr | https://flic.kr/p/cJDRwf
Virgin Galactic, gearing up to be the world's first commercial space airline, invites Bitcoin customers to reserve their seat for takeoff.
The road for Bitcoin, while increasingly popular,  has been a bumpy one. Last month, The IRS ruled that Bitcoin is property and not currency. And The National Australia Bank announced they will be closing Bitcoin accounts. Although skeptics accuse businesses of jumping on the Bitcoin bandwagon for marketing purposes, the list of Bitcoin merchants and supporters continues to grow.
Currently, over 20,000 business and charities accept Bitcoin through Bitpay. For those with deeper digital wallets, BitPremier offers luxury vacation rentals and a VIP Wimbledon experience package.
Are you ready to profit from this $14.4 trillion revolution?Let's face it, every investor wants to get in on revolutionary ideas before they hit it big. Like buying PC-maker Dell in the late 1980s, before the consumer computing boom. Or purchasing stock in e-commerce pioneer Amazon.com in the late 1990s, when it was nothing more than an upstart online bookstore. The problem is, most investors don't understand the key to investing in hyper-growth markets. The real trick is to find a small-cap "pure-play" and then watch as it grows in EXPLOSIVE lockstep with its industry. Our expert team of equity analysts has identified one stock that's poised to produce rocket-ship returns with the next $14.4 TRILLION industry. Click here to get the full story in this eye-opening report.
This article originally appeared on MyBankTracker.com.

Bitcoin Price Bounces Back After China-Induced Selloff

The price of bitcoin over the last three months.

The price of bitcoin rebounded 16 percent on Friday after a week of price drops, in response to new fears of a Chinese government crackdown on the fledgling digital currency which sent it below $400 for the first time since November.
Bitcoin was trading at about $420 late Friday morning Eastern Time, after collapsing to $360 yesterday, according to the CoinDesk Bitcoin Price Index. The selloff earlier this week came as Chinese bitcoin exchanges, including BTCTrade.com, announced that they received notice that their banks would stop supporting bitcoin businesses next week.
Even with Friday’s rally, bitcoin is down about 50 percent over the last three months and more than 60 percent since it topped $1100 last year.
Still, a popular belief among bitcoin supporters is that while price volatility does need to decrease for mass consumer adoption to take hold, the media places too much value on it. Instead, they say, the disruption made possible by the decentralized network of computers through which bitcoin moves is much more important in the long run than the price of bitcoin itself.

Bitcoin Mining Boom Sputters as Prospectors Face Cash Losses

The bitcoin mining rush is sputtering.
Speculators, known as miners, use powerful computers to solve complex software problems and verify transactions to unlock new bitcoins. They’re finding that the enterprise isn’t as profitable as it once was.
Drawn by the virtual currency’s jump in value last year, digital prospectors have turned the mining industry into an arms race as they buy expensive computing equipment and gobble up electricity. While that worked well as long as bitcoin’s value kept rising, smaller players are now being crowded out by bigger competition, high utility bills and declining prices.
“If you mine at the moment, you have to be very lucky to get anything,” said Mehmet Vatansever, who bought $16,000 worth of mining computers in February to chase after new bitcoins. “It’s a very difficult business.”
Mining, a nod to the excavation of minerals and metal ore, is entirely digital and part of bitcoin’s design, so that the money self-regulates supply and prevents out-of-control inflation. The mining process gets increasingly complicated as more bitcoins are created, driving demand for computing power.
Bitcoins, which jumped to more than $1,200 last year from $12, were trading at about $420 apiece yesterday, according to the CoinDesk Bitcoin Price Index, an average of prices across major global exchanges. China’s tighter controls on alternative currencies, the implosion of the Mt.Gox exchange and a U.S. Internal Revenue Service ruling that bitcoins should be taxed as a property have all weighed on the virtual currency.

Used Equipment

While he has been able to create new bitcoins, Vatansever soon discovered that his equipment was on track to earn less than his monthly utility bill of $480. After selling his computers on EBay Inc. in April, Vatansever estimates that he lost a total of about $6,000 on his mining adventure.
In the past week, miners made $14.9 million in revenue, compared with a weekly average of $25.2 million in December, according to Blockchain.info, a bitcoin-data aggregator. The figures represent the number of bitcoins mined plus transaction fees, multiplied by the dollar-based market price.
EBay now features more than 1,600 listings for mining computers, many of them used.
“The mining market has evolved from being mostly isolated ventures to more organized entrepreneurial ventures that are still racing to get an edge with increasingly fast equipment and lower electricity costs,” Gil Luria, an analyst at Wedbush Securities Inc., said in an interview. “At this point, the opportunity for individual miners is very small.”

Big Miners

While individuals give up prospecting, at least two other larger mining companies, KnCMiner and Cloud Hashing, are still generating profits. By scaling up operations, they’ve been able to save costs on cooling and power, making their computers more efficient and cost-effective. KnCMiner also sells mining computers to other miners.
KnCMiner, based in Stockholm, operates about 7,000 machines. While the mining company’s electric bill in March came to $450,000, the computers mined 21,000 bitcoins, according to co-founder Sam Cole.
Cloud Hashing, which lets people buy computing capacity in its data center and share in profits, mines about $230,000 to $260,000 worth of bitcoins a day, according to Chief Executive Officer Emmanuel Abiodun.
“We are profitable whether we sell contracts or not -- through mining,” Abiodun said in an interview. “Our business model can handle volatility in pricing.”

Sales Shift

Mining-equipment suppliers are feeling the cool-down firsthand. CoinTerra Inc., a manufacturer of the powerful computers used to crunch numbers for new bitcoins, has seen new sales shrink by 30 percent in the past three weeks from the preceding period, according to CEO Ravi Iyengar.
Mining-equipment suppliers are also detecting early signs of a shift to new virtual currencies. Approximately 250 KnCMiner customers switched their orders from $10,000 computers to similarly priced alternative-currency mining machines in the past three weeks, according to Cole.
Because they are newer, designed differently and currently mined by fewer people, currencies such as Litecoin can be more profitable, according to CoinWarz, which tracks mining activity.
“The new rush right now is Litecoin,” Colin Lusk, a network engineer in Portland, Oregon, said in an interview.
While he once mined only bitcoins, Lusk now uses five of his eight machines to produce Litecoins and other virtual currencies. Created in 2011, Litecoin is similar in design to bitcoin yet requires less computing power. A $3,500 computer can produce $25 worth of Litecoins a day for $3 in electricity, while producing $20 worth of bitcoins would cost $17, Lusk said.

Math Problem

Andrew Korb, another miner, said buying bitcoins outright is easier than participating in the mining arms race. While Korb and fellow investors have spent 900 bitcoins on mining equipment since last year, they have only generated 77 units of the virtual currency, he said.
“People do the math,” said CoinTerra’s Iyengar. “If the price goes down significantly, people realize they may be better off buying bitcoins directly from an exchange rather than buying machines.”
To contact the reporter on this story: Olga Kharif in Portland at okharif@bloomberg.net

sobota, 12 kwietnia 2014

Florida bitcoin prosecution a test



MIAMI BEACH, Fla. — Two police officers burst through a hotel room door with guns drawn, yelling "Police! Get Down!" just after an alleged money laundering transaction went down.
But instead of briefcases stuffed with a drug dealer's cash, this exchange involved an undercover officer with supposedly stolen credit cards and the virtual currency bitcoin.
The February arrests of Pascal Reid and Michell Espinoza marked the first time any state has brought money laundering charges involving bitcoins, according to Miami-Dade State Attorney Katherine Fernandez Rundle. And it's likely to be a closely-watched test of whether criminal law can adapt to new digital forms of payment.
"These cybercriminals are way ahead of the rest of us in terms of trying to figure out ways they can launder dirty money," Rundle said.
Investigators trolled through an online directory of bitcoin traders to find the 29-year-old Reid and 30-year-old Espinoza, setting up separate meetings with each of the men at restaurants and coffee shops. They were arrested at the same Miami Beach hotel on the same day, at different times.
Defence attorneys said the men have no previous criminal records and were simply enthusiasts of the payment format that allows people to convert cash into digital money for online transactions.
Still, undercover officers with the U.S. Secret Service and Miami Beach police told both clearly that they wanted to buy bitcoins with cash supposedly generated by the hacking of Target Corp. customer information. The undercover officers said during the secretly videotaped meetings that they planned to use the bitcoins to acquire still more stolen credit cards.
Attorneys for Reid and Espinoza, both of whom have pleaded not guilty, say they will challenge the very legal foundations of the cases, which are being prosecuted separately. The arrest affidavits for both Reid and Espinoza refer to bitcoins as "electronic currency with no central authority."
"My client has never dealt in the area of stolen credit cards," said Espinoza's attorney, Rene Palomino Jr. "My client was simply selling a piece of personal property, which is what a bitcoin is. It has not been recognized as currency yet in the United States."
The Internal Revenue Service says bitcoins can only be taxed as property and are not legal tender. Federal law enforcement agencies are watching whether bitcoins are used increasingly in criminal activity, such as the now-defunct Silk Road illegal drug marketplace.
"The idea that illicit actors might exploit the vulnerabilities of virtual currency to launder money is not merely theoretical," said Jennifer Shasky Calvery, director of Treasury's Financial Crimes Enforcement Network, in a recent Florida speech to bankers.
Still, bitcoins have been gaining popularity among mainstream businesses. Overstock.com recently became the first major retailer to accept digital money and the NBA's Sacramento Kings in January announced the team would accept bitcoins, another first. They are increasingly used in restaurants, coffee shops and elsewhere.
Bitcoin users exchange cash for digital money using online exchanges, then store it in a computer program that serves as a wallet. The program can transfer payments directly to merchants or individuals around the world, eliminating transaction fees and the need for bank or credit card information.
The Latin House Grill in Coral Gables is one of the first South Florida restaurants to accept bitcoins and has been hosting meetings to educate people.
"This technology can't go away. It's completely disrupted a lot of existing technology that's archaic, that hasn't evolved," said patron Andrew Barnard, who has been using bitcoins for a year.
In the Florida criminal case, Reid and Espinoza each face up to 25 years in prison if convicted of money laundering and engaging in an unlicensed money services business. Reid is free on $100,000 bail but Espinoza has been unable so far to make bail.
The transactions started small; one payment of $500 translated into about half a bitcoin — and eventually built to a proposed swap involving $30,000 in Reid's case.
"Ice cold money. Ice cold cash. Right out of the freezer," the undercover agent, holding a plastic bag of cash tells Reid on the surveillance tape. Just after Reid accepts the bag, the undercover agent says, "We're cooking with gas," an apparent signal to the officers outside to come in.
"You're a cop?" Reid is heard saying on the tape. "You're a cop?"
Reid attorney Ron Lowy said the prosecution was manufactured.
"The government is frightened of bitcoin. Apparently, they see it as an emerging, new type of economic medium of exchange, and they're worried that they're not regulating it close enough," Lowy said. "These facts do not constitute a crime."
The Associated Press