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Bitcoin

Bitcoin
A collection of news and information related to Bitcoin published by this site and its partners.

Top Bitcoin Articles see all

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  • UCLA's John Villasenor takes you inside the world of cryptocurrencies (think bitcoin)

     UCLA's John Villasenor takes you inside the world of cryptocurrencies (think bitcoin)
    You can donate to a PAC, buy a Tesla or order a Domino's pizza using bitcoin. California just repealed a ban on such cryptocurrencies, so the question is not only "Now what?" but "What?," period. Any currency that's not tied to something like gold is essentially faith-based, but faith may be harder to come by for something like bitcoin, which took a PR hit in the Mt. Gox failure in February and has no physical existence anyway. You may want to try it out just because it's neat, says John Villasenor, a UCLA professor of electrical engineering and public policy and a Brookings Institution fellow, but it's the "decentralized trust" that underpins bitcoin transactions that is the real innovation.
  • Value of frequent-flier miles currency up in the air

    Value of frequent-flier miles currency up in the air
    When the central bank announced the big change, those of us who had squirreled away what we had earned over the years naturally were concerned about the effect on our savings plans. Maybe we view our account as an emergency fund. Or it figures in our...

    The Bitcoin Foundation discovers the limits of anarchy

    Today's obligatory shudder in the edifice that is Bitcoin is a report that several members of the Bitcoin Foundation have resigned over the recent election of Brock Pierce, an investor who has been accused of child molestation, to the foundation's board....

    Bitcoins: Widely known and widely misunderstood

    Bitcoins: Widely known and widely misunderstood
    Back in the 1980s, when I lived in Nairobi, foreign residents had a simple way of obtaining Kenyan shillings. They'd write a check in, say, U.S. dollars on their U.S. bank accounts to the Indian man who owned the ice cream store down the block. He'd pay...

    Bitcoin is beyond understanding, but e-cigs might be worth a try

    Bitcoin is beyond understanding, but e-cigs might be worth a try
    I feel out of the cultural loop these days, as I try to follow the news. I can't wrap my mind around bitcoins and I'm not sure what an e-cig is. Pretend cigarettes? Virtual money? It's all too tech-centric for me. If you're also confused about the...