World Paper Money To Be Replaced By Electronic-Digital Currency

The world’s first Bitcoin baby was born in California, according to a June 10 Yahoo report. This baby is the first whose conception was funded by the hugely popular Bitcoin currency.

Further, it won’t be long before the Bitcoin economy is larger than the Baht economy anyway. So forgive me if this doesn’t look like a stumbling block at all. It looks like the twitching of a dying legacy currency. Move over Thai Baht, Bitcoin does what it pleases.

Here’s how I interpret these events. Statists base their worldview on headlines, not on data. So for them DDoS attacks is something scary hackers do that shuts down websites of banks and government agencies. They don’t actually know hat it is. And they assume that because their Statist institutions seems powerless against the onslaught of these mysterious attacks, that for some reason other hackers must be powerless against it too. Hardly! I’m sure Silk Road, like Pirate Bay and all the others have contingency after contingency built into their site to prevent being shut down so easily.

12/22: Ryan Eriquezzo, WSOP Circuit Champion, makes an inspirational return to the show as he nears the end of his self-imposed 6 month hiatus from poker. There is much to learn from this young poker star who is quickly proving to be wise beyond his years. [Visit Website] [Download MP3].

Register with a pool. To mine in a pool you will have to work with a group of other miners on available blocks. One of the most popular is Slush’s Pool. You can additionally try guilds like BTC Guild as well as a variety of other options. Each of the pools is defined mostly by the fees they charge per block – 2 % for Slush’s pool, as an example – and the amount of users. Pools with less individuals could also have a slower discovery period but pools with lots of people normally produce smaller payments.

12/18: Episode 12. Our guest is PokerStars Team Online member, occupational therapist, and all-around delightful poker player Adrienne Rowsome. She talks to us about getting more women into the game, getting everyone to have more fun at the table, taking a shot at a 300/600 Omaha 8-or-better game, and meeting her husband through poker. [Visit Website] [Download MP3].

I expect that as bitcoin becomes more acceptable and valuable, we are going to see a version of the Nigerian Prince scam. So the warning is this: we now have exchanges and other businesses that allow for moving money easily onto and off of exchanges. Never wire money for bitcoin. It was a short-lived, and well-forgotten, moment in the history of bitcoin.

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