We are going full Bitcoin!

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Boost VC Is Going Full Bitcoin

 

We are going full Bitcoin!
Our team is excited to announce, after raising $6.6m to fund 200 companies, that we will be accepting 20–30 Bitcoin companies into our next Boost tribe. Tribe 5 will consist of 100% Bitcoin companies. Under this umbrella we will be looking at payments, exchanges, block chain technology, Sidechains, and companies that service Bitcoin companies. We are very excited about the focus that this will bring us. Long term we hope to be able to breach other “before-the-chasm” industries, but Bitcoin is our first exciting step.

 

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Bitcoin Alternative Opal Announces Opal Drive Encrypted File Storage Powered by Cryptocurrency

Opal-Logo

Bitcoin Press Release: Privacy focused cryptocurrency Opal announces the development and future release of encrypted cloud storage platform Opal Drive. This comes on the heels of previous developments such as introducing the Opal Marketplace.

In its continued effort to build the legitimacy and usability of cryptocurrencies in the world outside of Bitcoin, Opal has spent the last several weeks developing its unique encrypted file cloud storage platform. Pairing its development with another cryptocurrency Storj, Opal is proving that seemingly impossible goals can be achieved through cooperation. Cryptocurrency Opal will continue to seek new and innovative ways of using the latest technological innovations; whether it be through their own development or those of their future partners.

As technology grows and the user base becomes more skilled and informed, the abilities of those who wish to do others harm grows as well. The consumer world has seen increasing attacks on the security of their personal data, financial transaction, banking accounts and purchasing records.

The Opal cryptocurrency team believes that the responsibility of security should not be placed on customers, but should be something that a more adaptive technology can improve on. Opal drive will be capable of preventing such data theft through secure encrypted file storage and transfer. The process of this protection is described in detail in the Opal Drive White Paper. The features of Opal Drive will be available for use by people of all walks of life from the computer novice all the way to major technology firms and cryptocurrency enthusiasts. Everyone will be able to benefit from Opal Drive’s ease of use and cryptographic security.

“In future Opal Drive will, like all Opal Coin projects, be expanded on, with many more features integrated.” Says Opal Coin team.

As with any new technological breakthrough, development is on-going and continuously being improved upon. Opal Drive is building upon Opal’s previously laid groundwork of Opacity+ (a secure messaging protocol that allows for anonymous messaging and financial transactions) and Opal Marketplace (an open market that allows the sale and transfer of digital products for the cryptocurrency Opal). The Opal Marketplace is still in its early stages, but is an important step towards the steady growth of online sales.

With the announcement of Opal Drive encrypted cloud storage platform, digital currency Opal is consolidating its efforts in the cryptocurrency space to create a functional and secure platform that has endless possibilities for business growth, scientific discovery, and consumer protection.

To learn more please go to: http://opal-coin.com/

Read the Opal Drive whitepaper at: http://www.opal-coin.com/wp-content/uploads/2014/11/OpalDriveWhitepaper.pdf

Visit the Opal Marketplace at: http://market.opal-coin.com/

Trade Opal for Bitcoin on Bittrex: https://www.bittrex.com/Market/Index?MarketName=BTC-OPAL

Media Contact:

Name: John McCallum

Email: support@opal-coin.com

 

 

 

 


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It’s Very Expensive to be Poor: Stanford Professor Susan Athey Talks Bitcoin with Forbes

Forbes technology writer Laura Shin recently conducted a three-part interview with Bitcoin enthusiast and Stanford business professor Susan Athey about her involvement with Bitcoin, including an experiment being conducted with MIT students. The purpose of the experiment is to determine whether permeation of Bitcoin is a determinant factor in its spread, which is to say, […]

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How you can Shop Your Bitcoins?

Bitcoin purses keep the personal keys that you have to access a bitcoin address and also spend your funds. They are available in different types, created for various kinds of gadget. You can also make use of paper storage space. It is necessary to secure as well as back up your bitcoin budget.

Bitcoins are a modern-day matching of cash, and also every day, an additional business approves them as payment. We know how they are generated, and also exactly how a bitcoin transaction works, yet just how are they saved? We keep cash in a purse, as well as bitcoin works in a similar method.

Although you don’t technically store bitcoins anywhere. Exactly what you keep are the secure digital tricks to access your public bitcoin addresses as well as sign deals. This info is saved in a bitcoin purse.

Bitcoin pocketbooks can be found in a selection of forms. There are 3 major types of purse: desktop computer, mobile, and web. Here’s exactly how they function.
Desktop Bitcoin Budgets

If you have already installed the initial bitcoin customer (Bitcoin-Qt), then you are running a pocketbook, yet may not even understand it. In addition to delivering purchases on the network, this software also enables you to create a bitcoin address for sending out and also obtaining the digital money, and to save the exclusive secret for it. There are various other desktop purses, too, all with different functions. Multibit operate on Windows, Mac OSX, and also Linux. Hive is an OSX-based wallet with some special attributes, consisting of an application store that links directly to bitcoin services, although at the time of writing, this purse is still in beta testing. Some desktop computer pocketbooks are tailored for security. Armory falls into this group. Others concentrate on privacy. DarkWallet– an item still in development– will certainly focus on anonymity, making use of a light-weight internet browser plug-in to supply solutions including coin ‘mixing’ through which users’ coins are traded for others’, to prevent individuals tracking them.

On Your Cellphone

Desktop-based wallets are all effectively, but they aren’t really valuable if you are out on the road, attempting to pay for something in a physical store. This is where a mobile budget can be found in handy. Running as an application on your mobile phone, the budget could store the exclusive keys for your bitcoin addresses, and enable you to spend for points directly with your phone. In many cases, a bitcoin purse will also capitalize on a mobile phone’s close to field communication (NFC) function, enabling you to touch the phone against a reader, as well as pay with bitcoins without needing to enter any kind of details in any way.

One typical function of mobile pocketbooks is that they are not complete bitcoin clients. A complete bitcoin client needs to download and install the entire bitcoin block chain, which is constantly expanding as well as is numerous gigabytes in size. That can obtain you into a lot of difficulty with your mobile company, which will be only too pleased to send you a substantial bill for downloading over a cellular link. Lots of phones would not manage to hold the block chain in their memory, all the same.

Rather, these mobile customers are typically developed with simplified settlement confirmation (SPV) in thoughts. They download and install an extremely small subset of the block chain, as well as depend on other, relied on nodes in the bitcoin network to ensure that they have the appropriate information.

Examples of mobile purses consist of the Android-based Bitcoin pocketbook, Mycelium, and also Blockchain (which keeps your bitcoins encrypted on your phone, as well as supported on a web-based server). Some have special attributes one-of-a-kind to them. Kipochi, as an example, lets individuals utilize their contact number as their bitcoin addresses. Apple is notoriously paranoid regarding bitcoin wallets. Blockchain states that its iOS budget model has actually restricted functions, and Coinbase had its mobile wallet app pulled from the app establishment altogether.

Online Bitcoin Wallets

Web-based pocketbooks save your private tricks online, on a computer managed by another person and connected to the Web. Numerous such on-line services are readily available, and also some of them connected to mobile and desktop purses, replicating your addresses in between different gadgets that you own.

One benefit of an online pocketbook is that you can access it from anywhere, regardless of which tool you are utilizing. Nonetheless, it additionally has a major disadvantage: unless implemented appropriately, it can put the organisation running the site accountable of your personal secrets, basically taking your bitcoins from your command. That’s a terrifying thought, especially if you begin accumulating great deals of bitcoins. Coinbase, an incorporated wallet/bitcoin homeowner runs its on the internet budget around the world however simply allows people to acquire bitcoins in the US. Blockchain likewise organizes a web-based purse, and Strongcoin supplies just what it calls a hybrid budget, which lets you encrypt your personal address tricks before sending them to its servers, by encrypting it in the browser.

Are Bitcoin Pocketbooks Safe?

It depends exactly how you handle them. The personal secrets kept in your budget are the only method to access the purchase data stored in a bitcoin address. If you shed them, you shed your bitcoins. So, they are only secure insofar as no person else can access them, as well as they do not acquire lost.
So Just how Can I Secure My Budget?

There are several means to make your bitcoin budget much more safe and secure:

Encrypt it

One way to safeguard your budget from prying eyes is to secure it with a solid password. This makes it challenging to access your purse, but possible. If your computer system is compromised by malware, burglars can log your keystrokes to find your password.

Back it Up

If you simply have your personal keys kept in one purse, then if you lose that wallet or it gets corrupted, then you have actually lost your keys. Supporting your pocketbook makes a copy of your private tricks, however it is necessary to back up your entire purse. Some addresses are utilized to save modification from deals, and also might not be suggested to you by default. Back the whole point up in many various areas, and also keep them safe from prying eyes.

Take it Offline

If you are as well worried to keep your bitcoin secrets digitally, for concern that they might be stolen by cyberpunks, there is one more alternative: cool storage space. Cold storage budgets keep private bitcoin keys offline, to make sure that they cannot be swiped by somebody else on the net.

It’s a good idea to make use of chilly storage for the bulk of your bitcoin lot of money, and also move just a little to different bitcoin addresses in a ‘very hot’ pocketbook with a Web connection, making it very easy to spend. By doing this, also if your cellphone is lost, or the warm budget on your note pad PC is gotten rid of during a hard disk drive accident, only a small amount of bitcoin money is at risk.

Many software application bitcoin purses showcase a chilly storage option. Or, you can go entirely analog, as well as simply make use of paper for offline storage space in the form of a paper purse.

There are several websites providing paper bitcoin budget solutions. They will generate a bitcoin address for you and also produce a picture having 2 QR codes: one is everyone address that you can make use of to obtain bitcoins. The other is the personal key, which you can utilize to spend bitcoins kept at that address.
The Future of Bitcoin Storage space

Some folks are developing equipment pocketbooks which are created to hold private tricks online and help with settlements. Trezor as well as Mycelium are 2 principals. However, as of November 2013 neither of them had delivered products.
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The Snowden Effect Continues

NSA reform died in the U.S. Senate two weeks after the 2014 midterm election. The lame duck Democratic majority and Libertarian minded Republicans produced 58 of the 60 votes needed, agonizingly close to collaring an agency that has clearly run amuck. This seeming ideological dividing line is a bit puzzling, given the broader effects Snowden’s […]

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Cryptocurrency

Cryptocurrency

 

Cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is prior defined and publicly known. In centralized banking and economic systems such as the Federal Reserve System, governments control the supply of currency by printing units of fiat money or demanding additions to digital banking ledgers.

However, governments cannot produce units of cryptocurrency and as such, governments cannot provide backing for firms, banks or corporate entities which hold asset value measured in a decentralized cryptocurrency.

The underlying technical system upon which all cryptocurrencies are now based was created by the group or individual known as Satoshi Nakamoto.

 

Hundreds of cryptocurrency specifications now exist; most are similar to and derived from the first fully implemented decentralized cryptocurrency, bitcoin. Within cryptocurrency systems the safety, integrity and balance of ledgers is maintained by a community of mutually distrustful parties referred to as miners: members of the general public using their computers to help validate and timestamp transactions adding them to the ledger in accordance with a particular timestamping scheme.[7]

The security of cryptocurrency ledgers is based on the assumption that the majority of miners are honestly trying to maintain the ledger.

Most cryptocurrencies are designed to gradually decrease production of currency, placing an ultimate cap on the total amount of currency that will ever be in circulation. This can mimic the scarcity (and value) of precious metals and avoid hyperinflation.

Compared with ordinary currencies held by financial institutions or kept as cash on hand, cryptocurrencies are less susceptible to seizure by law enforcement.[not in citation given] Existing cryptocurrencies are all pseudo-anonymous, though additions such as Zerocoin and its distributed laundry[10] feature have been suggested, which would allow for anonymity.

 

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BITCOIN BLACK FRIDAY:

 

NEW YORK (InsideBitcoins) — The day after gorging on turkey, stuffing, corn bread, and a wide assortment of other carbohydrate intensive foods, people across the United States will find themselves in a series of stores trying to spend an umpteen amount of money on all sorts of things. Welcome to the holiday season!

But there is an alternative for those that are still recovering from their food coma. Over a thousand different merchants are participating in what’s being called “Bitcoin Black Friday.” Companies are offering exclusive deals for those that are paying with bitcoin.

“The event really highlights some of the great features about bitcoin.”

BitcoinBlackFriday.com is the site that is helping to organize this initiative in an effort to bring out more awareness. Founder Jon Holmquist told InsideBitcoins that this is a community event designed to make everyone involved better off.

bitcoin black friday“[The goal is to] get a ton more publicity for Bitcoin. The event really highlights some of the great features about bitcoin (low processing cost, ease of use, etc.), it also gives some incentive for people to try it out. Hardcore bitcoiners get to shop at the merchants they support and get some awesome deals, merchants get to see the most amount of orders they see year round,” Holmquist said in an email interview.

Holmquist added that there are currently 8,000 subscribers on the site’s email list, but if past years are an indication, it’s anticipated that this Black Friday will be even greater.

Last year the site accounted for 10,000 individual transactions, approximately 10% of the day’s total bitcoin transactions across the entire network. Coinbase saw an 806% increase in payment processing volume over the past six months. Bitpay saw a 6,260% year-to-year increase.

What is likely to give this year a much higher usage rate is the fact that much larger companies — Dell, for example — now accept bitcoin. This has resulted in an increase in awareness for bitcoin.

Then there’s the fact that bitcoin is clearly catching on, which should make the day more successful. Blockchain.info shows that last year around Black Friday, the company only had around 600,000 My Wallet users. Going into this Black Friday, there are close to 2.6 million My Wallet users.

It is days like this that can give bitcoin the increase exposure it needs to gain further acceptance by users.

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Massive XRP Price Increase: Is it a Pump and Dump?

Ripple is a protocol designed to increase the speed and reduce the costs of international monetary transfers. To protect the network, Ripple users must hold a small amount of the platform’s native currency, known as XRP. In addition to preventing abuse and securing the network, XRP serves as a bridge currency between any other currency […]

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