Monthly Archives: September 2014

Monday 29th September

BITCOIN The Bitcoin Network The ultra-resilient bitcoin network is the world’s largest distributing computing project in terms of raw computational power, having long ago surpassed 1 exaFLOPS (1,000 petaFLOPS) – over eight times the combined speed of the top 500 supercomputers. Although since increasing to an amazing 3.2 zettaFLOPS (3,200 exaFLOPS), the project was quietly removed from […]

Tuesday 23rd September

BITCOIN Trading: OTC / Retail Outlets / Exchanges Merchants & Wall Street BitPay and Coinbase DO NOT sell Bitcoin on exchanges. There is a huge OTC market going on which is actually where most blocks are sold. Wall Street, ect are not going to exchanges they are buying from brokers like Second Market, Pantera, BitPay […]

Tuesday 16th September

BITCOIN Hoarding Bitcoin is poised for exponential growth, so the opportunity costs of not being involved to the highest personal degree possible are incalculable. Yet merchants, investment peddlers, and other hoarders have been able to convince countless bitcoiners to part with their future riches, despite the obvious downsides given you have a long enough time […]

August 2014

MONTHLY REPORT – AUGUST 2014 BITCOIN Dell Servers Purchased with Bitcoin Michael Dell posted to his Twitter account that Dell servers were bought and paid for in Bitcoin. This order was for more than 85 BTC or more than $50k USD. Since Dell was taken private recently, it seems as if the company is responding […]

Monday 8th September

BITCOIN Hal Finney (May 4, 1956 – August 28, 2014) Hal Finney, the renowned cryptographer, coder, and bitcoin pioneer, died at the age of 58 after five years battling ALS. He will be remembered for a remarkable career that included working as the number-two developer on the groundbreaking encryption software PGP in the early 1990s, creating […]