Bitcoin-Artikel in englischer Sprache

[segeln]

Why VCs Are Still Planning To Pour Tons Of Money Into Bitcoin

http://www.businessinsider.com/bitcoin-vc-funding-surge-2014-4

[maxmuster]

Nochmal zu der IRS Entscheidung.

Das setze ich gleich der deutschen Kapitalanlage Steuer für Zinseinkuenfte bei Geldanlagen bei Banken.

Wenn die IRS die Börsen nicht wie in Deutschland verpflichtet pauschal Steuer der Kunden abzuführen oder per Freistellungsauftrag zu befreien.

Wird 1. kein amerikanischer Kunde diese Steuer abführen oder 2. seine Geschäfte auf offshore Börsen abwickeln. Vergleichbar Ulli Hoenes.

Alternativ können regulierte amerikanische Börsen eine Steuer Bescheinigung ausstellen, wie meine Banken mir im neuen Jahr ausstellen müssen. Weil ich nicht mit Freistellungsauftraegen jongliere, und meinem Steuerberater lieber diese Bescheinigung zur Verrechnung gebe.

Also alles halb so wild.

Dessweiteren wird es Freibeträge geben.

[maxmuster]

wer sich im e-mail newsletter von "Pantera" anmeldet bekommt folgendes:

 

Pantera BitFlash

Bitcoin prices were flat this week.*

 

Bitcoin Security

As a transactional medium, Bitcoin uses two “keys”:

The public key is the “address” to and from which transactions are sent. This key can be safely distributed to others.

A private key.

A public key refers to a Bitcoin address, 27-34 alphanumeric characters that represent a possible destination for a bitcoin payment. Addresses can be generated at no cost by any Bitcoin user. Like e-mail, bitcoins can be sent to a person through their address. A person can have many different Bitcoin addresses. For increased privacy and to know where the bitcoins are being received from, the Bitcoin Foundation recommends that a unique address be used for each transaction. Most Bitcoin software and websites will help with this by generating a new address each time a transaction is performed.

 

For most properly-generated Bitcoin addresses, there is at least one secret series of numbers known as a private key, which is required for access to the funds assigned to that address. Possession of the private key allows the currency to be transferred elsewhere. Loss of the key means the permanent loss of the currency, whether this occurs due to hardware failure (a dead hard drive, memory stick, etc.), software failure (improper encryption or data corruption), theft, or losing track of a password (the private key is typically wrapped in its own layer of encryption).

 

Best practice with regards to storage of these private-key public-key pairs are varied, but generally are split into two types of wallet storage: hot and cold.

 

A hot wallet refers to a Bitcoin wallet that is online and connected in some way to the Internet. Its real-world analogy is keeping cash in your pocket – easy access, but high risk of not being recovered if stolen or misplaced.

 

The benefit of a hot wallet is that you can almost instantly send and receive bitcoins. The downside is that if your hot wallet server is compromised, there is a high chance that you may lose all bitcoins stored on the server.

 

Operating a "hot wallet" can also be a risk to its owner, because some computer systems have hidden vulnerabilities that can be used by hackers or malware to break into the system and steal the bitcoins. Most, if not all, bitcoin losses incurred in all the known hackings in Bitcoin history can be attributed to funds kept in hot wallets.

 

Cold storage refers to keeping a reserve of Bitcoins offline.

 

Bitcoin exchanges typically offer an instant withdrawal feature. However, they might be a steward of over hundreds of thousands of Bitcoins. To minimize the possibility that an intruder could steal the reserve in a security breach, the operator of the website would usually follow the “best practice” of keeping the majority of the reserve in cold storage, or in other words, not present on the web server or any other computer. The only amount kept on the server is the amount needed to cover anticipated withdrawals. Larger withdrawals often require a delay and manual activity to retrieve bitcoins from cold storage.

 

The cold wallet should only be physically accessible by an administrator. Since it is likely to contain the majority of an organization's bitcoins, this wallet should be "tiered" or broken up into multiple cold storage wallets. When adding or removing bitcoins from cold storage, a new address should be created and only the desired amount should be transferred to it. Once the new address contains the bitcoins, it can then be transmitted to a hot wallet. Under no circumstances should the cold wallet ever be able to receive messages from the Internet. Transmission of bitcoins to and from the cold wallet should always be a manual process that requires an administrator.

 

Methods of cold storage include keeping bitcoins:

On a USB drive or other data storage medium in a safe place (e.g., safe deposit box, safe)

Servers disconnected from the internet

In your memory

In a paper wallet

On a bearer item, such as a physical bitcoin

Deep cold storage refers to keeping a reserve of bitcoins offline, using a method that makes retrieving coins from storage significantly more difficult than sending them there. This could be done for safety's sake, such as to prevent theft or robbery.

 

A simple example of deep cold storage is opening a safe deposit box and putting a USB stick containing an encrypted wallet file in it. The public (sending) addresses can be used any time to send additional bitcoins to the wallet, but spending the bitcoins would require physical access to the box (in addition to knowledge of the encryption password).

 

Deep cold storage would typically be used for holding large amounts of bitcoins or for a trustee holding bitcoins on behalf of others. In such a case, additional precautions can be taken beyond a simple safe deposit box.

The box could be accessed by bank or maintenance personnel, so the contents of the box alone would not be sufficient to access the wallet.

The box could be stolen or destroyed in a disaster or the media could become unreadable, so the box should not contain the only copy of the wallet.

The trustee could die or become incapacitated. If access to the wallet or knowledge of its location is lost, or encryption passwords are lost, the bitcoins are gone forever (provisions should be made so that the box can be accessed by someone else as appropriate, including any encryption passwords).

# # # #

 

Monday, March 31, 2014

Institutional Investor magazine published a feature-length story on Bitcoin this week. [institutional Investor]

 

Opinion: The IRS guidance for Bitcoin taxes contradicts itself with respect to Bitcoin mining, where a miner would be taxed on both their income and capital gains on all future transactions. [Global Law and Business Perspective]

 

Opinion: What your accountant thinks about your bitcoins. [bloomberg]

 

Opinion: Why more Bitcoin regulation is a good thing for the Bitcoin ecosystem. [Harvard Business Review]

 

Wednesday, April 2nd, 2014

 

PANTERA IN THE NEWS: Pantera Capital appeared in Andrew Ross Sorkin's New York Times column today. Mr. Sorkin writes in today’s Dealbook about Bitcoin and the future of money. He writes, "In recent years, we’ve already begun to see hints of an impending overhaul: the emergence of Bitcoin and the ecosystem growing around it; the adoption of peer-to-peer lending businesses like Lending Club; and the introduction of Square, the payment system, to name just a few.” [New York Times]

 

 

The Bulgarian National Revenue Agency stated today that personal income from the sale or exchange of Bitcoin must be declared on tax returns. [National Revenue Agency]

 

There is still a lot of uncertainty surrounding Bitcoin regulation in China. There are unconfirmed reports circulating that the PBoC will try to prevent the country’s Bitcoin exchanges from having corporate bank accounts, thus preventing any money from getting in or out of the exchanges. [Financial Times]

 

There is a livestream today from the House Committee on Small Business discussing the implications of Bitcoin. [House.gov]

 

Mark Karpeles, the CEO of MtGox, was ordered to the United States to answer questions related to its U.S. bankruptcy case. [Reuters]

 

The chief executive of the Bank of Montreal said Tuesday his company would be open to dealing in bitcoin transactions provided the virtual currency becomes more clearly regulated. [FP]

 

Presentation: The Possibilities and Pitfalls of Virtual Currencies [st. Louis Fed]

 

Infographic: How to explain Bitcoin to your mom. [New York Times]

 

Thursday, April 3, 2014

The U.S. House Committee on Small Business held a hearing yesterday to discuss Bitcoin and its potential to reduce costs for small businesses and prevent identity fraud. Congresswoman Nydia Velazquez (D-NY) said, “Bitcoin can save small firms on transactions costs… [and] bitcoins provide more privacy than credit card transactions.” [House.gov]

 

China’s largest Bitcoin exchanges continue to operate and process deposits and withdrawals, despite concerns that the PBoC plans to close the exchanges’ corporate bank accounts. Two CEO’s of Chinese exchanges told the Wall Street Journal that even in a worst case scenario they would still look for workarounds or move overseas. [WSJ] Rumors concerning a PBoC crackdown pushed prices down this week. [Wall Street Examiner]

 

Video: Wences Casares, CEO of the Bitcoin firm Xapo, discusses why he thinks one bitcoin will be worth between $500,000 and $1M within 10 years. [WSJ]

 

Opinion: You have to look at the adoption numbers in conjunction with price to understand Bitcoin’s historical trend. [seeking Alpha]

 

Friday, April 4, 2014

The Texas Department of Banking has laid out a very pro-cryptocurrency regulatory atmosphere in Texas with its recent Supervisory Memorandum, “Exchanging virtual currency for sovereign currency is not currency exchange under the Texas Finance Code… absent a legislative change to the statute, no currency exchange license is required in Texas to conduct any type of transaction exchanging virtual with sovereign currencies.” [Texas.gov]

 

Pensco, a self-directed retirement custodian, announced its intention to expand the options it provides to investors who want to use their individual retirement account assets to invest in bitcoin. [Yahoo]

 

Ebay added a “Virtual Currency” section to its United States site, enabling users to buy and sell digital currencies like bitcoin in addition to mining contracts and equipment. [iBT]

 

On April 23, 2014, Moscow will host Russia’s first conference dedicated to Bitcoin. The show looks to highlight “the main aspects of digital currency usage, technical issues, and the future of Bitcoin as part of the global monetary system.” [bitcoinconf.ru]

 

Saturday, April 5, 2014

The Royal Canadian Mint is ending its virtual currency development project called Mint Chip and announced they play to sell it in the private sector. [WSJ]

 

The Bitcoin Foundation has been sidetracked by legal probes and federal investigations into the MtGox collapse, according to a page one article in the Wall Street Journal. [WSJ]

 

Square, the mobile payments company founded by Jack Dorsey, announced last week their intention to integrate bitcoin payments into their mobile payments platform. The company told a journalist at Coin Desk, "We’re building tools so sellers can accept any form of payment their customers want to use. Making commerce easy means creating easy ways to exchange value for local goods.” [Coin Desk]

 

The Sacramento Kings NBA team now has an online store exclusively for bitcoin users. https://www.kingsbitcoin.com.

 

Sunday, April 6, 2014

In its recent annual letter, the Bitcoin Foundation’s chairman spoke to the need for more transparency and communication among Bitcoin companies. Peter Vessenes, Chairman of the Board, feels “it’s time to take a stronger stance about what we believe in.” [bitcoin Foundation]

 

Popular anonymous search engine DuckDuckGo has integrated bitcoin’s bid and ask price. [DDG]

 

Bitcoin remains small in comparison with traditional payment networks. Transactions averaged $68 million per day in February 2014, a more than 10 fold increase compared with February 2013. By comparison, payment processors Western Union and PayPal averaged $225 million and $492 million respectively in transaction volume per day during 2013. From a trading perspective, Bitcoin transaction volume relative to the stock of outstanding bitcoins resemble those of equity services. [Fitch]

*Source: Volume-weighted price on Bitstamp according to www.bitcoincharts.com

 

Pantera offers a number of opportunities to tap into our information network. Please sign up at our website www.panteracapital.com or respond to this email with which of the following publications you would like to receive:

BitFlash: Daily Newsletter.

Monthly Letter: Our distilled thoughts on significant market-related developments.

Periodic White Papers: The opinion of thought leaders in this space.

Today’s BitFlash editor: John Bedecarre, Johnny Dilley, and Ron Glantz

_____________________

 

This newsletter is an informational document and does not constitute an investment recommendation, investment advice, an offer to sell or a solicitation to purchase any securities in any entity organized, controlled, or managed by Pantera Bitcoin Management LLC ("Pantera") or any of its affiliates and therefore may not be relied upon in connection with any offer or sale of securities.

This newsletter aims to summarize certain developments and media mentions with respect to Bitcoin that Pantera believes may be of interest. The views expressed in this newsletter are the subjective views of Pantera personnel, based on information which is believed to be reliable and has been obtained from sources believed to be reliable, but no representation or warranty is made, expressed or implied, with respect to the fairness, correctness, accuracy, reasonableness or completeness of the information and opinions. The information contained in this newsletter is current as of the date indicated on its cover. Pantera does not undertake to update the information contained herein.

Pantera and its principals have made investments in the instruments discussed in this communication and may in the future make additional investments, including taking both long and short positions, in connection with such instruments without further notice.

Certain information contained in this newsletter constitutes "forward-looking statements," which can be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "anticipate", "target", "project", "estimate", "intend", "continue" or "believe" or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual policies, procedures and processes of Pantera and the performance of the Fund may differ materially from those reflected or contemplated in such forward-looking statements and no undue reliance should be placed on these forward-looking statements, nor should the inclusion of these statements be regarded as Pantera's representation that the Fund will achieve any strategy, objectives or other plans. Past performance is not necessarily indicative of or a guarantee of future results.

It is strongly suggested that any prospective investor obtain independent advice in relation to any investment, financial, legal, tax, accounting or regulatory issues discussed herein. Analyses and opinions contained herein may be based on assumptions that if altered can change the analyses or opinions expressed. Nothing contained herein shall constitute any representation or warranty as to future performance of any financial instrument, credit, currency rate or other market or economic measure.

This document is confidential, is intended only for the person to whom it has been provided and under no circumstance may a copy be shown, copied, transmitted, or otherwise given to any person other than the authorized recipient.

 

Pantera Capital - One Market Plaza, Spear Tower, 42nd Floor, San Francisco, CA 94106

Bearbeitet 8. April 2014 von maxmuster

[segeln]

50 to 60% of Bitcoin transactions made on gambling sites -
See more at: http://cointelegraph.com/post/50_to_60_of_bitcoin_transactions_made_on_gambling_sites#.U0PIePl_tqV

Nicht direkt über bitcoin,aber sehr interessant:
Internet matters: The Net's sweeping impact on growth, jobs, and prosperity
http://www.mckinsey.com/insights/high_tech_telecoms_internet/internet_matters

 

These findings suggest that corporate leaders will need to sharpen their focus on the opportunities the Internet offers for new products and expanded customer reach. Companies should also pay attention to how quickly Internet technologies can disrupt business models by radically changing markets and driving efficiencies

 

Bearbeitet 8. April 2014 von segeln

[segeln]

Congressman Stockman Seeks to Introduce Bill to Congress Declaring Bitcoin A Currency, Not Property
http://newsbtc.com/2014/04/08/congressman-stockman-seeks-introduce-bill-congress-declaring-bitcoin-currency-property/

 

Entitled “To change the tax status of virtual currencies from property to currency”, the bill (formally called the Virtual Currency Tax Reform Act) seeks to change how the Internal Revenue Service and other authoritative agencies in the United States views virtual currencies.

Wie erwartet und erhofft wird die IRS Entscheidung nicht das letzte Wort gewesen sein.


auch in Forbes:
BREAKING: Rep. Stockman To Introduce First Bitcoin Bill
http://www.forbes.com/sites/perianneboring/2014/04/08/breaking-rep-stockman-to-introduce-first-bitcoin-bill/

Rep. Stockman is the first member of U.S. Congress to accept Bitcoin contributions.

Bearbeitet 8. April 2014 von segeln

[segeln]

Bitcoin akin to the Internet 20 years ago, digital currency executive says

http://www.pcworld.com/article/2140660/bitcoin-akin-to-the-internet-20-years-ago-digital-currency-executive-says.html

 

 

Why Bitcoin is Important

http://capitalistexploits.at/2014/04/why-bitcoin-is-important/

Bearbeitet 8. April 2014 von segeln

[segeln]

Two articles from NRO and Vox, two publications at the opposite end of the ideological spectrum:

National Review and Vox - What Is Bitcoin and What Is It Good For?

http://www.nationalreview.com/agenda/375283/what-bitcoin-and-what-it-good-patrick-brennan

http://www.vox.com/2014/3/31/5557170/bitcoin-bad-currency-good-network

 

 

Gavin Andresen: Expect Bitcoin Core 0.9.1 Release Soon Because of Heartbleed OpenSSL Bug

http://newsbtc.com/2014/04/08/gavin-andresen-expect-bitcoin-core-0-9-1-release-soon-heartbleed-openssl-bug/

Bearbeitet 8. April 2014 von segeln

[ngt]

Two articles from NRO and Vox, two publications at the opposite end of the ideological spectrum:

National Review and Vox - What Is Bitcoin and What Is It Good For?

http://www.nationalreview.com/agenda/375283/what-bitcoin-and-what-it-good-patrick-brennan

http://www.vox.com/2014/3/31/5557170/bitcoin-bad-currency-good-network

 

 

Diese beiden Artikel führen ein wirklich wichtiges Argument an, warum Bitcoin eine nützliche Neuerung ist: Niedrige Eintrittshürden für die Teilnahme an einem Finanznetzwerk.

Zur Teilnahme bei Visa muss man hunderte Seiten von Regeln einhalten - vermutlich beschäftigt es Juristen monatelang, Anträge zu stellen, Belege beizubringen und die Konsequenzen des Vertragswerks zu prüfen. Das geht beim Bitcoin viel schneller.

 

Sehr interessant, dieser Aspekt war mir noch gar nicht bewusst. Dabei weiß ich aus eigener, fast täglicher Erfahrung, wie zäh und aufwändig der Umgang mit Verträgen ist - manchmal schwieriger und vor allem langwieriger als die Erstellung der Systeme, um die es geht. Wichtiger Punkt!

 

"The Bitcoin network serves the same purpose as mainstream payment networks such as Visa or Western Union. But there’s an important difference. The Visa and Western Union networks are owned and operated by for-profit companies. If you want to build a business based on one of those networks, you have to get permission from the owner.

And that’s not always easy. To use the Visa network, for example, you have to comply with hundreds of pages of regulations. The Visa network also has high fees, and there are some things Visa won’t let you do on its network at all.

Bitcoin is different. Because no one owns or controls the network, there are no limits on how people can use it. Some people have used that freedom to do illegal things like buying drugs or gambling online. But it also means there’s a low barrier to entry for building new Bitcoin-based financial services."

Bearbeitet 8. April 2014 von ngt

[segeln]

Winklevoss: Bitcoin Payment System Worth $400 Billion

http://www.investopedia.com/articles/active-trading/040814/winklevoss-bitcoin-payment-system-worth-400-billion.asp?partner=rss_headlines

 

 

​Texas will not regulate virtual currencies like bitcoin as Money

http://rt.com/business/texas-bitcoin-regulation-currency-257/

 

 

Texas banking regulators have established licensing and security rules for cryptocurrencies, like bitcoin, and their exchanges. Virtual currencies will not be treated as money, but Texans can use them to buy and sell goods and services free of regulation

 

 

Where is Karpeles CEO of MtGox? - See more at

http://gizmopolis.com/cryptocurrency/where-karpeles-ceo-mtgox/#sthash.VpoTUoAq.dpuf

Bearbeitet 9. April 2014 von segeln

[segeln]

Congressman Jared Polis Buys His First Bitcoin at Capitol Hill

https://coinreport.net/lawmaker-jared-polis-buys-bitcoin/

[segeln]

Major French Supermarket Chain to Accept Bitcoin
http://www.journaldunet.com/ebusiness/commerce/patrick-oualid-oualid-monoprix-bitcoin.shtml

Rough summary translation:

Starting this year Monoprix wants to start accepting bitcoin, by the end of 2014. They want to start first accepting it on the web and then in physical stores. They want to be ahead of the curve because they feel it will have major adoption in 3 to 5 years.

 

This is really some much needed major good news folks. Monoprix is one of the biggest supermarket chains in France.

[maxmuster]

Major French Supermarket Chain to Accept Bitcoin

http://www.journaldunet.com/ebusiness/commerce/patrick-oualid-oualid-monoprix-bitcoin.shtml

Rough summary translation:

 

This is really some much needed major good news folks. Monoprix is one of the biggest supermarket chains in France.

"De cette manière, si l'éclosion se produit en 2015, nous serons prêts."

", wenn der Ausbruch im Jahr 2015 stattfindet, sind wir bereit."

☺

Ich bin auch bereit☺

Wenn es ausbricht, das Bitcoinfieber☺

Bearbeitet 9. April 2014 von maxmuster

[segeln]

Bitcoin Price Drops 10% as Chinese Exchanges Stop Bank Deposits

http://www.coindesk.com/bitcoin-price-crashes-chinese-exchanges-stop-bank-deposits/?utm_source=CoinDesk+subscribers&utm_campaign=a0b9957296-EMAIL_RSS_CAMPAIGN&utm_medium=email&utm_term=0_74abb9e6ab-a0b9957296-75505373

[maxmuster]

Verstehe ich folgendes richtig?

BTC-China ist die einzige Börse welche noch nicht die Erklärung abgegeben hat, das Einzahlungen nicht mehr möglich sind?

Alle Börsen können Fiat Problemlos an ihre Kunden auszahlen?

[-J-U-N-K-Y-]

“Bitcoin ist das Internet des Geldes…”

“… und es ist ist derzeit auf dem Stand, auf dem das Internet 1994 war.”

 

Das ist wohl eines der in letzter Zeit am häufigsten angebrachten Argumente pro Bitcoin und tatsächlich sind bestimmte Parallelen zwischen Bitcoin und dem Internet nicht von der Hand zu weisen. Um das zu illustrieren hat Tristan Edwards zum direkten Vergleich nun auch mal ein durchaus unterhaltsames Video aus 90er-Jahre Internetberichten und aktuellen Mitschnitten von Vorträgen, Nachrichtensendungen und Fernsehdiskussionen zum Thema Bitcoin zusammengeschnitten.

 

http://coinspondent.de/2014/04/11/internet-bitcoin/

[maxmuster]

Diese Internet-Nerds sind ja voll die Spinner.

Da stelle man sich mal vor, einen Brief erst extra in digitaler Form erstellen oder wandeln.

Sich denn freuen wie ein Schneekönig wenn der Brief (Nerds nennen das jetzt Email) schnell zugestellt wird.

Der Empfänger hat denn nochmal die Arbeit das digitale in Papierform umzuwandeln.

Tolle Bereicherung, Kein Einschreiben, Post kann von jedem abgefangen verändert und weitergeleitet werden, usw.

[segeln]

Kommt ein "weißer Ritter ?

 

Investor Group Offers to Buy Mt. Gox for One Bitcoin

http://www.coindesk.com/investor-group-offers-buy-mt-gox-one-bitcoin/

[Nucoin]

The US Congress Examines Bitcoin

http://bitcoinmagazine.com/12272/congress-divided-bubble-reserve/

[segeln]

Bitcoin May Be Poised for a Major Comeback

http://cryptocrimson.com/2014/04/bitcoin-may-poised-major-wall-st-fueled-rebound/

[segeln]

China’s Central Bank Governor: PBOC Won’t Ban Bitcoin

http://www.coindesk.com/chinas-central-bank-governor-pboc-wont-ban-bitcoin/

[segeln]

Chinese Bitcoin Exchanges Prepare to Move Operations Overseas

http://www.coindesk.com/chinese-bitcoin-exchanges-prepare-to-move-operations-overseas/

 

 

 

Siehe auch den Blogartikel von Ch.Bergmann

https://www.coinforum.de/topic/2597-deutsche-blogartikel/page-2

Bearbeitet 12. April 2014 von segeln

[blubblibla]

Siehe auch den Blogartikel von Ch.Bergmann

https://www.coinforum.de/topic/2597-deutsche-blogartikel/page-2

 

Ehm, der erste April is aber schon lang vorbei. ;-)

[segeln]

Christoph Bergmann:

 

Geschrieben: Heute, 17:19 (12.4.2014)

http://bitcoinblog.de/

 

Neues von unserem chinesischen Gastautor:

 

Diesmal ohne Paywall!

 

https://www.coinforum.de/topic/2597-deutsche-blogartikel/page-2

Alles am 12. April geschrieben!

Nicht am 1. April !

Bearbeitet 12. April 2014 von segeln

[segeln]

Bank of China Governor Says Banning Bitcoin is Out of the Question

https://coinreport.net/governor-pboc-no-banning-bitcoin/

[Nucoin]

Bitcoin: Wall Street comes on board

http://www.cryptocoinsnews.com/news/bitcoin-now-mainstream-investment/2014/04/13