This week the US courts service (UScourts.gov) 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
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 Nerdr.com 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
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