Bitcoin: The Democratization of Money
Bitcoin is commonly regarded as a truly democratic form of money. Interestingly enough, however, there seem to be various explanations supporting this characterization. Furthermore, at least one of these interpretations have caused some to doubt whether…
Open Intelligence Alert: GROWING POTENTIAL SECURITY THREAT?
As the Internet continues to expand in scope with potentially billions of access points, as technology such as the Internet of Things is rolled out, problems relating to the security of the infrastructure are only going to increase. There is…
Open Intelligence Alert: Trust is Not Just an Algorithm
According to the source, the Mt Gox debacle was not just a software glitch, but was the result of a systemic error. The article explains how the “Five Parties Model” (consisting of the Issuer, the Trustee, the Manager, the Operator and the…
Open Intelligence Alert – Lloyds of London Insured Bitcoin Savings
While this is the first company to offer Bitcoin insurance, it is definitely not the first company or firm in the world to provide encrypted cold storage and the like. In fact, American users will be relieved to know that…
If Gox lost 750,000 Bitcoins, Where’d They Go?
I’m going to say it. Something doesn’t seem right with the story we’re getting. Who the hell runs a half-billion dollar business and doesn’t have accounting procedures in place good enough to notice the loss of nearly ALL ASSETS. According…