Showing posts with label bitcoin traders. Show all posts
Showing posts with label bitcoin traders. Show all posts

Thursday, September 20, 2012


A significant new release of the Bitcoin-Qt and Bitcoind clients from Bitcoin.org, v0.7.0, is now available for download.

This v0.7 release includes a number of new features, performance improvements and bug fixes and is the first major feature release since the v0.6 release nearly six months ago.
A subset of the improvements includes:
  • Calls for better privacy are answered with Tor hidden service support.
  • IPv6 support.
  • URI Handling (click on bitcoin address, address and amount are entered for you.)
  • Lower CPU usage during block downloads.
  • Optional method to load blockchain from a local file.
  • Raw transaction API (Full access to the blockchain data)
  • Better translations (Language support)
While it is recommended to back up the wallet.dat before performing this upgrade, the update will not overwrite an existing wallet or blockchain database.
Also new since the last major release are how alternatives to the Bitcoin.org reference implementation client are featured on the Bitcoin.org Clients page.  The alternatives for the desktop include:
  • MultiBit: A secure, lightweight, international Bitcoin wallet for Windows, MacOS and Linux. No blockchain download required.
  • Armory (Alpha): An open-source wallet-managment platform for the Bitcoin network.
  • Electrum: A lightweight Bitcoin client, based on a client-server protocol.  No blockchain download required.
Coming in the next significant release to bitcoin will likely be the use of LevelDB for faster access when the client reads or writes to the blockhain, and “ultraprune” which will result in a much lower storage requirement to hold the blockchain.
 Read more at Bitcoinminer.com

Bitcoin version 0.7.0 released

Location: United States

Thursday, August 9, 2012


Financial traders have a new toy: Bitcoin, a digital currency variously dismissed as a Ponzi scheme or lauded as the greatest invention since the Internet.

Unlike conventional fiat money and other digital currencies, Bitcoin runs through a peer-to-peer network, independent of central control. Bitcoins are currently worth $4.88 each on online currency exchanges, where they can be bought and sold for about 15 world currencies.

Users - an odd assortment of uber-geeks, anarchists, libertarians, scammers and forex traders - sent about $4.3 million worth to each other in the last 24 hours.

Banking and payment expert Simon Lelieveldt believes they are living on borrowed time.

"There is always a power base underlying a currency," he said, speaking at the Digital Money Forum in London in March.

"Bitcoin is not going to fly because there is no central bank or power base. It's doomed to fail."
But its separation from power is precisely what attracts many users.

"Bitcoin is not run by people with hot sexual appetites for hotel maids. It is not run by corporations. It is not governed by people with budgets to meet. It is governed by a mathematical formula," one trader and Bitcoin enthusiast told Reuters over a pint of Guinness in London's financial district.

He also likes that there is an absolute limit of 21 million Bitcoins built into the system.

"If you try to print more than 21 million Bitcoins, you will be rejected by cold, loveless computers whirring away in nerds' garages. It is a better form of money than we have right now, or than anyone has designed so far."
The trader, who was not willing to be named, said he spent four hours a day on Bitcoin, describing it as his second job. He estimated 90 percent of traders have bought it, most "looking for a quick 2,000 percent".
He, however, is playing the long game, accumulating as much as possible in the belief that one day, he will own a small but significant percentage of a world currency with a fixed supply.

He and three other traders are currently seeking Bitcoin startups to invest in, he said, adding he was hoping to put in $300,000 worth.

WILD WEST FINANCE

He is not alone. Workers at Morgan Stanley and Goldman Sachs in London and New York have been visiting online Bitcoin exchanges as often as 30 times a day, according to documents seen by Reuters. Neither bank wanted to comment.

View Source

British Traders Have Discovered BitCoin

Location: 1 Whitehall, City of Westminster, SW1A, UK
2014 Copyright. Centurion Theme by Template Trackers - Published By Gooyaabi Templates | Powered By Blogger