Don’t hit the SUBMIT button ever again, until you read “Facebook Now Archiving Your Unclaimed History” first @FaceBook #FaceBook WSX[[FaceBook]]

UNSPY, we wanted to make sure you know we’re removing the “Who can look up your Timeline by name” setting. This setting controlled whether people could find your Timeline by searching for your name. We’re removing the setting because it isn’t as useful as it was before, and now there are better ways to manage your … Continue reading

Zerocoin reduces proof size by 98%, plans to release as altcoin

Zerocoin reduces proof size by 98%, plans to release as altcoin

A few months ago an extension to Bitcoin called Zerocoin was proposed.  As you know, Bitcoin is the first digital cash system to see widespread adoption. While it offers the potential for new types of financial interaction, it has significant limitations regarding privacy. Specifically, because the Bitcoin transaction log is completely public, users’ privacy is … Continue reading

Bitcoin Price Hits $500, a 50x Increase in Just 12 Months

Bitcoin Price Hits $500, a 50x Increase in Just 12 Months

Those bitcoins that made you gasp at $300 just a couple of weeks ago? They were a bargain — the value of 1 BTC has now passed $500. Prices hit this record and landmark figure at 11.50am GMT on 17 November, and at the time of writing were trading at $503.10 on Mt. Gox. That means: if … Continue reading

Everything You Know About Money Is Wrong

Everything You Know About Money Is Wrong

 We Can’t Fix What We Don’t Understand Bloomberg notes this week that the conventional theory of why money was created is wrong: There are, broadly speaking, two accounts of the origin and history of money. One is elegant, intuitive and taught in many introductory economics textbooks. The other is true. The financial economist Charles Goodhart, a … Continue reading