Considerations for Investing in Virtual Currencies Other than Bitcoin

any questions have arisen lately about investing in virtual currencies other than Bitcoin. This issue can get somewhat complicated and a few risks need to be understood:

Decentralized vs. Centralized. Bitcoin is decentralized, meaning no central authority or bank, controls the supply. It is controlled by people who run the software. Centralized coins, like Amazon […]

Considerations When Investing in Bitcoin

Investing in Bitcoin has become all the rage in recent days. It could be described as a bubble on top of volatility on top of a steady increase. Keep in mind that Bitcoin can be used as a payment system and the volatility is only important if you hold bitcoins. The price does not matter […]

BitcoinFood.com Launches with Free Listings

One of the most common complaints about Bitcoin is “I can’t take it the supermarket and buy food with it.” Well, now you can at BitcoinFood.com. The site offers free listings to anyone selling food products for Bitcoin. A link to CoinMap.org is also provided which shows a map with local businesses who accept Bitcoin […]

SantaGram.com Offering Santa Letters for Bitcoin

Atlantic City Bitcoin is getting ready for the holiday season by offering letters from Santa for Bitcoin. SantaGram.com is a low cost service that sends fully customizable physical letters from Santa using festive stationary. A discount can be offered for Bitcoin due to the reduced transaction fees. Several example letters are provided […]

“Brain Wallet” Thefts Increasing

“Brain Wallets” are wallets created by a passphrase. It could be a sentence or phrase or just a group of words. Some users are confused about how complex this password or phrase must be in order to be secure. The advice, Don’t do it.

The misunderstandings comes from several things. A password attack that most […]

Don’t Confuse Breaking Cryptography and Breaking Encryption

Recently the US Federal Bureau of investigations (FBI) seized bitcoins from the alleged Silk Road operator. There is also discussion that the FBI has a wallet file that is encrypted. Around the same time there has been speculation that the US National Security Agency (NSA) worked with the US National Institute of Standards and Technology […]