The massive half-billion dollar theft of Bitcoins from Mt. Gox took a new twist today as allegations surfaced that Mt. Gox CEO Mark Karpeles lied about the alleged theft.
For me, I’ll put my little wealth in gold, silver, artificially low Chinese currency, land and tools. If everything else fails, tools can keep you fed and happy.
There’s nothing like a new 90 degree drill and a few good clecos to make me happy.
Bitcoin? Ya takes ya chances…
“The recent success of Bitcoin, a decentralized cryptographic currency, has raised new research questions on the opportunities and risks of virtual currencies. A handful of research papers have appeared in multiple disciplines, spanning a range of outlets, including top security conferences, legal journals, and reports of international financial organizations. This workshop aims to bring together interested scholars who study virtual currencies, Bitcoin in particular, and their supporting ecosystems from a technical or socio-economic perspective.”
… from the website of International Financial Cryptography and Data Security Association. They sure got that one wrong!
While Media Chased Nakamoto, Crypto-Geeks in Barbados Marveled at his Creation
While the hunt for Satoshi Nakamoto morphed into a media circus last week, a community of cryptocurrency experts from which the bitcoin founder likely sprang was tucked away in sunny Barbados discussing the present and future of his remarkable invention. Continue reading