REUTERS/Stephen Lam A chain of block erupters used for Bitcoin mining is pictured at the Plug and Play Tech Center in Sunnyvale, California, October 28, 2013. Many Bitcoin believers think that the digital currency will one day become the pre-eminent currency of the internet. They basic… probably doomed to fail (real currencies don't have this issue, since central banks prevent rapid price appreciation, and they mandate that the currency be used). But really, if you're thinking that Bitcoin is going to be huge, it'd be insane and irresponsible to buy anything with it.

Everyone focuses on the price of Bitcoin these days and it is no wonder why. But for Bitcoin to be anything more than a store of value, we need to see a transactional ecosystem develop. When the citizens of the world will be able to buy and sell from each other and from retailers of al…. If you want to buy your holiday gifts this year with Bitcoin, go here and sign up. The idea is very simple. Sellers list their products and buyers get alerted when the deals go live and big retailers sign up. I plan to do my holiday shopping with Bitcoin. I hope you all will join me.

Amir Taaki’s libbitcoin has come to be one of the most advanced alternative implementations of the Bitcoin protocol in existence. Although there are now dozens of alternative implementations on the market, libbitcoin is one of the few that re-implements the complete Bitcoin standard, a…n a bitcoind node running in the background. With libbitcoin and sx, however, the tools to work with Bitcoin transactions on the lowest level are already there – freeing developers to work on the problems that truly need the most work – like optimizing security and the user experience.

By Rumplestatskin, a professional economist with a background in property development, environmental economics research and economic regulation. Cross posted from MacroBusiness Lambert here: Since Bitcoin is in the news lately, and the last post occasioned some lively discussion… The e…formation than they would otherwise need. A certain percentage of fraud is accepted as unavoidable. These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party.

Kickstarter.com / by Alex Winter The definitive, behind-the-scenes account of the rise of the Deep Web; one of the most riveting and important stories of the decade. Sure, this is a documentary about the Deep Web, Bitcoin and the Silk Road. But as importantly it’s an exploration of a p…d often intentionally hidden web content. The Deep Web accounts for at least 96% of the World Wide Web. 96%! Think about that! What you see when you surf around the web is a fraction of what’s actually going on out there. And a lot of what’s going on out there is scary stuff! READ MORE