Monthly Archives: June 2011

Bitcoin Laws Imminent

This week the US courts service ( has shown increasing interest in Bitcoins.  Their research is ongoing but hastily scaling-up from where it was last week.

Seems we have new orders from the top.

The question then becomes, who’s first in the Bitcoin firing line?

  • Bitcoin Miners.
  • Bitcoin Exchanges.
  • Bitcoin Wallet Owners.
  • Bitcoin Commerce.

A quick rundown and recommendations for enforcement: Continue reading

Bitcoin Exchange Scam – Bitcoins Are Now Worthless

Bitcoin Exchange

After considerable thought, I’ve decided to put the Bitcoin Exchange Scammer comment back up as I believe it’s in the public interest, especially so given recent events on Bitcoin Exchanges.

For those unaware, every now and then, I receive a comment through the wonderfully inefficient spam filter from someone who couldn’t quite find my email address.  That’s fine and most times it’s a small fire that’s quickly put out, or a start-up proposal to consider. All good fun.

Yesterday was a little different.  Continue reading

Shutting Down Bitcoin – Taking Down The Bitcoin Network

The Bitcoin Network has 4 key points of weakness. Namely:

  • The Wallet Software.
  • The Trail.
  • The Public Data set.
  • The Exchange.

What follows is a quick discussion of how each of these components may be compromised individually and thus possibly result in the collapse of the Bitcoin currency system as a whole as a viable alternative currency. Continue reading

UK BBC TV License Fee – US Perspective

I love BBC shows, I enjoy watching them from this side of the big pond as much as you Brits no doubt enjoy our greatest hits like Lost and Glee.  But I was amazed when I find out how ridiculously scammy the BBC business model is.  Are you Brit’s seriously okay with this? Continue reading

Why We Need Trolls

(from 4chans old FAQ circa 2001)

Rules of Trolling:

  1. More replies is better.
  2. Long replies is  better.
  3. Direct insults not allowed and stay on topic.

Every good forum owner knows: Continue reading