virtual currency

Can geeks save bitcoin after hellish week of hack, heist, trojan...

Digg / Tech Industry News  Tue, 06/21/2011 - 08:47

After a nearly $9 million bitcoin virtual heist and an attack on MtGox, the biggest bitcoin exchange, the value of the virtual currency crashed.

There was a previous half million bitcoin theft and a trojan in the wild is stealing from bitcoin digital wallets.

Then the EFF stopped accepting bitcoins as donations. After this hellish week, can geeks and hackers save the P2P bitcoin currency?


 

Bitcoin: inside the encrypted, peer-to-peer digital currency

Digg / Tech Industry News  Wed, 06/08/2011 - 08:36

Calling itself the world's "first virtual currency," Bitcoin offers the anonymity of cash and the ease of a credit card --and it does so without any centralized authority.

So who keeps transactions honest, and where do new Bitcoins come from?


 

Zynga Trying To Patent Virtual Currency

Techdirt  Fri, 10/22/2010 - 14:45

Back in September, SF Weekly put out an article pointing out that super popular Facebook gamemaker Zynga's strategy has been to copy anyone else's popular game, change the name, market the hell out of it and take over the market.

The company has been famous for its somewhat underhanded tactics over the years. That said, I don't think there's anything wrong with copying what's been successful (within the law, obviously) and trying to improve the overall experience.