Joe Weisenthal, BI, Computer Industry Pioneer Claims To Have Figured Out The True Creator Of Bitcoin, here. Nelson does a good Sherlock Holmes impression in the video, don’t miss it. Just start counting until Lipton gets ahold of this, 3 2 1… See also quartz and obviously the Winklevoss twins are photo bombing this story as well so it’s just a matter of time before Blog Maverick weighs in. Pink I sees this as Nelson barking up the wrong tree. The gulf from doing 500 pages of inter-universal Teichmuller theory as an extension to p-adic Teichmuller theory to Merkle Tree hashing and the 20 lines of C-code for the Poisson distribution seems like it could be large. Nelson has Mochizuki confused with Kubla Khan? Besides, everyone knows that Al Gore is Satoshi Nakamoto, Serially.
Henry Blodget, BI, Bitcoin Just Hit The Big Time — Here’s What Everyone Ridiculing It Doesn’t Understand, here. The aspect of mining computer cycles for monetization is solid. Bitcoin, HFT, and various other sorts of quantitative modeling all fall in the same general category. The argument would go more or less the same way Daniel Boorstin outlines the rollout of the Industrial Revolution in The Americans. The unifying theme for Aircraft Wing simulation, Computer Aided Design, Fluid Flow, Automated Trading, Collateralized Securitization, and even Advertising Auctions is monetization of the capacity to allocate compute cycles in substantial quantities at specific locations.
The electronic currency Bitcoin just got a big vote of confidence from one of the world’s most successful venture capital investors.
This investment doesn’t mean that Bitcoin is guaranteed to become a mainstream currency, but it’s a small step in that direction.
Phys.org, US seizes Bitcoin operator accounts, here. I suspect Nelson shouldn’t spend a lot of time waiting for his invitation to speak at Kyoto U.
A warrant revealed by the Department of Homeland Security showed a judge signed the seizure order Tuesday for the accounts of Mutum Sigillum LCC, a subsidiary of Japan-based Mt. Gox, the world’s biggest Bitcoin exchange.
The warrant said the account based on the electronic payments platform Dwolla and held at Veridian Credit Union “was used to move money” as “part of an unlicensed money service” in violation of US law.
The US law enforcement action creates doubts about the future of Bitcoin, a mysterious digital currency which saw a flurry of interest this year which some called a bubble.
A form of “e-money,” Bitcoin is made of strings of dazzlingly complex code, written in such a way that it becomes increasingly difficult to generate new Bitcoins, with the number in circulation designed to eventually top out at 21 million.