New Zealand Exchange Bitnz.com hacked, 39 bitcoin stolen.

BCLogoNew Zealand bitcoin exchange site bitnz.com has been taken by the administrator leaving the message "bitnz.com under maintenance. Apologies for the inconvenience (contact(at)bitnz.com).".

It seems that last monday at 3am New Zealand time 39 bitcoins were transferred from the exchange by an unknown party.

Bitnz …

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Does Ted Nelson know who Satoshi Nakamoto is?

BCLogoWith the bitcoin conference going on there has been a renewed bout of interest as to the identity of Satoshi.

While I personally have no idea who the inventor of bitcoin is the famed IT Sociolosopher and creator of such terms as "hypertext" and "hypermedia" Ted Nelson thinks he knows …

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Butterfly Labs Bitcoin ASIC mining device arrives in New Zealand

butterfly-labs

It happened, ever since last month when Josh from Butterfly Labs let slip that a developer unit of their new 5 GH/s ASIC bitcoin miner might be on its way to me I have had trouble sleeping.  I have spent the days watching the courier van come and go, my friends, family and co-workers have even noted to me how down I look.

I had begun to think that Josh and Butterfly labs were running some cruel geek version of the classic Pavlov's dog experiment on me.

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Bitcoin Valuation as a Fiat Hedge With Information and Substitution Effects

BCLogoAbout the author: John Vandivier is a graduate student at George Mason with formal credentials in policy, economics and political science. He also dabbles in philosophy and apologetics. His blog discusses all of the above at www.thegenerallifeblog.blogspot.com.*

In this article bitcoin is valued by predicting the approach …

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Butterfly Labs forum under attack (Latter proved not to be true)

butterfly-labs

Correction: Josh from Butterfly Labs has emailed me, there was no intrusion of any sort.  They were testing some of their systems and adding new features.

While it did appear to be nefarious it seems that I jumped the gun, for that I apologize   Josh assures me "everything is and …

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