Patents from Ebay, WU, and Gemalto threaten the de-centralization of Bitcoin

Corporates want a piece Recently Ebay, IBM, and JPMorgan looked at issuing patents for bitcoin. One of the most recent companies to enter was the colorado-based giant WestrnUnion. WU received a patent on April 1st which suggested that it would give the company a way to claim a certain aspect of the bitcoin industry – the exchange of the alt coins. This is a huge risk for bitcoin because it …
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Webhallen started accepting Bitcoin

Webhallen started accepting payments in Bitcoin Webhallen is a swedish company who started accepting bitcoin as payment back in March. Webhallen was purchased by Ecommerce business Komplett around April of 2013 for $23m. Webhallen is an electronics company that sells anything from video games to SSDs. They are one of the largest electronic resellers in sweden and are worth around $20m. In an interview with Webhallen they stated that the response from the customers was …
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The importance of bitcoin nodes and how to start one

The main idea behind bitcoin and the reason that it took off is because of bitcoin’s decentralized nature and its peer-to-peer (P2P) network. In order to keep bitcoin running and validate transactions there need to be bitcoin nodes available on the network. Bitcoin nodes are different from bitcoin miners or bitcoin clients. Bitcoin nodes provide security, one of which is security from double spending – when a user attempts to …
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Dogecoin ponzi scheme unraveled

There are many advantages of altcoins, some of which include faster transaction speeds and more secure mining algorithms. However, many altcoins fall into scams and give in to quick pump and dumps which inhibits altcoin potential. We have heard alot about dogecoin, which is a litecoin based cryptocurrency that took off as a meme and received alot of media attention. However, now we have PonziDoge – A dogecoin ponzi scheme, which is …
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