Upcoming Events

International | Anti-Capitalism

no events match your query!

User Preferences

  • Language - en | ga
  • text size >>
  • make this your indymedia front page make this your indymedia front page

Blog Feeds

forward

Cedar Lounge
For lefties too stubborn to quit

offsite link CPOI Statement: National Day of Action against water charges 21:22 Fri Oct 31, 2014 | guestposter

offsite link An appeal to (right-wing) authority? 11:15 Fri Oct 31, 2014 | WorldbyStorm

offsite link The National Museum and while we?re at it remember those ?solutions? to the crash? 09:55 Fri Oct 31, 2014 | WorldbyStorm

offsite link This Week At Irish Election Literature 05:04 Fri Oct 31, 2014 | irishelectionliterature

offsite link More unintended consequence after the referendum on Scotland and independence 22:35 Thu Oct 30, 2014 | WorldbyStorm

Cedar Lounge >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link EXISTENTIALIST STOCK BUSINESS PHOTOS 12:03 Wed Oct 29, 2014

offsite link Irish Labour Movement 1889-1924: Lecture Six - Syndicalism in Ireland 09:02 Fri Oct 24, 2014

offsite link Global Finance, Money & Power: Lecture Seven - Bonds and Money Markets 08:26 Thu Oct 23, 2014

offsite link Irish Labour movement 1889-1924: Lecture Five - 1913 Lockout 09:47 Fri Oct 17, 2014

offsite link Global Finance, Money and Power: Lecture Six - Tax Havens 07:09 Thu Oct 16, 2014

Dublin Opinion >>

Irish Left Review
Joined up thinking for the Irish Left

offsite link Irish Air: Message from the CEO Fri Oct 31, 2014 15:19 | Kevin Higgins

offsite link Unrealistic Timelines: Water Charges and the Fiscal Deficit Tue Oct 28, 2014 15:14 | Michael Taft

offsite link That Day has Come Thu Oct 23, 2014 10:45 | Anne Irwin

offsite link The Changing Pattern of Foreign Investment in China Wed Oct 22, 2014 13:36 | John Ross

offsite link Welcome to the New Tax Avoidance Scheme, Same as the Old Tax Avoidance Scheme Mon Oct 20, 2014 16:26 | Michael Taft

Irish Left Review >>

NAMA Wine Lake

offsite link Farewell from NWL Sun May 19, 2013 14:00 | namawinelake

offsite link Happy 70th Birthday, Michael Sun May 19, 2013 14:00 | namawinelake

offsite link Of the Week? Sat May 18, 2013 00:02 | namawinelake

offsite link Noonan denies IBRC legal fees loan approval to Paddy McKillen was in breach of E... Fri May 17, 2013 14:23 | namawinelake

offsite link Gayle Killilea Dunne asks to be added as notice party in Sean Dunne?s bankruptcy Fri May 17, 2013 12:30 | namawinelake

NAMA Wine Lake >>

Bitcoin comes under scrutiny of US government as the distributed crypto currency gains momentum

category international | anti-capitalism | news report author Friday May 17, 2013 07:19author by lefty Report this post to the editors

Homeland security in the US has frozen the account of one of the largest Bitcoin traders "Dwolla"

Homeland security in the US has frozen the account of one of the largest Bitcoin traders "Dwolla"

This is not the first time the decentralised alternative cryptocurrency has come under attack. There was also the massive DDos attack on "MtGox" recently.

It's clear that the financial terrorists and governments are starting to worry that bitcoin will get real traction and if this happens on a large scale, they may lose their iron grip on the currency market and interest rate regulation.

http://mashable.com/2013/05/14/dwolla-homeland-security/
http://news.cnet.com/8301-13578_3-57584511-38/homeland-...fers/

What is bitcoin?

For those who don't already know, Bitcoin is a crypto currency which can easily be transported and can change hands virtually (with appropriate precautions!) anonymously without incurring the large fees currently required. It has a fixed upper limit of 21 million on the total number of Bitcoins (or BTC) allowed to be in circulation, so money printing is not an option.

Bitcoin transactions are verified by a decentralised peer network of bitcoin miners, which invites comparisons with the bittorrent network. Bitcoin miners "mine" for bitcoins by running high powered computers to crunch difficult mathematical problems. Essentially trading electricity for money. While doing this, the software they are running also helps to validate bitcoin transactions across the network. The incentive they have for this activity is the "discovery" of new bitcoins, and a small fee for processing.

Some useful links:

http://bitcoin.org/en/
https://mtgox.com/
https://www.dwolla.com/
http://en.wikipedia.org/wiki/Bitcoin

author by Tpublication date Thu Mar 06, 2014 21:42Report this post to the editors

If you are a threat to the system then you are dead. And so Bitcoin which came on the scene in the last few years has been recognised as a threat to the existing money order. Already Bitcoin is banned in China and the US feds are all over it.

Last week one of the main Bitcoin exchanges Mt.Gox filed for bankruptcy in Japan. And now this latest news where a 28 year old American woman Autumn Radtke who was the CEO of a bitcoin exchange in Singapore has been found dead. Even though the press are trying to say it was suicide, her family said it is out of character and it clearly is part of the signal going out to all major players in the bitcoin arena. Back off and shutdown or else.

Related Link: http://intellihub.com/28-year-old-bitcoin-exchange-ceo-...cide/
author by fredpublication date Wed Mar 12, 2014 13:29Report this post to the editors

"Hackers" (or is it US government hackers?? ) are holding bitcoin MT Gox customers to ransom over their personal data.

Looks like the people who pulled down MT Gox are looking for maximum bad press for bitcoin

http://www.zerohedge.com/news/2014-03-11/isnt-it-ironic...onal-

 
© 2001-2014 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy