Alex Smith

[...] suggesting that Mt. Gox is indeed insolvent and that they plan on reaching out to the bitcoin community to help rectify their recent problems. While this may seem like a genuine way to help [...]

[...] There’s been a lot of concern over Ghash reaching over 51% of the bitcoin network. Previously I’ve written about why this doesn’t bother me. There’s a very reasonable solution [...]

[...] 51% of the network actually subverting it are extremely small. If you controlled 51% of the bitcoin network you would be making $2.5M per day from honestly mining alone. Jeopardizing recurring revenue [...]

[...] here. Now, lets get to their ruling, and why I don’t think this can possibly stand. Bitcoin miners are just like many businesses the IRS has seen before. It’s a fairly simple value add [...]

[...] this becomes increasingly unlikely as long as the ASICs are sold on a mass market basis. When bitcoin ASICs came into the world the price of bitcoin went crazy. At this point the chance of anyone with [...]

[...] . Coinbase statement Blockchain Statement Update: As of 9:30PM CT Mt. Gox’s website is down. HN Link Reddit Link [...]

[...] is cheapest at any given momen, and bitcoin is still cheaper than all of them. HN Discussion Reddit Discussion [...]

[...] information, which can be used (pseudo)anonymously to turn a profit. This laser-guided-spear-phising meets insider trading; picture Martha Steward on a boat hunting sharks with a laser. Now that we’ [...]

A quick calculation of the Exxon Valedz’s deck area put it at roughly 165k square feet. This is based on a length of 987 feet and a beam of 166 feet [...]

[...] . Bitcoin miners are just like many businesses the IRS has seen before. It’s a fairly simple value add model. Miners spend a fixed amount of money on a shiny metal box that helps them produce [...]