Category Archives: bitcoin

Bitcoin Mining is Power hungry

Posted on December 6, 2013 by Vijayashankar Na

Bitcoin Mining is an activity where the computer tries to collect reported Bitcoin transactions during a period and bundle them into an electronic document that can be added to the current data base of transactions (i.e.The Block Chain). While adding … Continue reading →

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Sheep market Scam- Sterling 60 Million lost by Bitcoin investors

Posted on December 5, 2013 by Vijayashankar Na

One of the biggest challenges to the Bitcoin and other Cryptocoin systems is the robbing of their bitcoin holdings by criminals. Having adopted a peer to peer system for creation of the currency and challenging the fiat currency system, it … Continue reading →

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Crypto Coins Due Diligence Framework

Posted on December 5, 2013 by Vijayashankar Na

Against the belief that China would allow Bitcoin to thrive, news has come that China has now banned financial institutions from transacting in BTC.  While full details are not yet known, the regulation may prenvent Banks from buying and holding … Continue reading →

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Naavi speaks on Bitcoin at Bloomberg TV

Posted on December 5, 2013 by Vijayashankar Na

Here is an interview of Naavi at Bloomberg TV today on Bitcoin. Naavi expresses his opinion that India failed to negotiate for adequate number of IPV4 addresses when they were initially distributed and they should not do the same mistake … Continue reading →

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Bitcoin Regulation.. Where should the focus be?

Posted on December 4, 2013 by Vijayashankar Na

We have been watching Bitcoin exchange rates growing exponentially at MtGox attracting the attention of regulators both from the point of view of the possible effect on the monetary controls of the Sovereign States and loss of Tax revenue besides … Continue reading →

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54 crypto currencies?

Posted on December 2, 2013 by Vijayashankar Na

According to a recent report the number of Crypto currencies presently available is arond 54 and not 10 as was hitherto thought. Refer article Since the Bitcoin protocol is an open source protocol, it is possible for clones to be … Continue reading →

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