30 May '12, 9pm

Bitcoin: The Cryptoanarchists’ Answer to Cash #IEEE #IEEEGreen

There's nothing like a dollar bill for paying a stripper. Anonymous, yet highly personal—wherever you use it, that dollar will fit the occasion. Purveyors of Internet smut, after years of hiding charges on credit cards, or just giving it away for free, recently found their own version of the dollar—a new digital currency called Bitcoin. 
 You’ll know it when you see it (strippers who accept tips in bitcoins advertise their account addresses right on their bodies). And more important, if you pay with it, no one needs to know. Bitcoin balances can flow between accounts without a bank, credit card company, or any other central authority knowing who is paying whom. Instead, Bitcoin relies on a peer-to-peer network, and it doesn’t care who you are or what you’re buying. 
 In the long run, a system like this, which restores privacy to electronic payments, could do more than just...

Full article: http://spectrum.ieee.org/computing/software/bitcoin-the-c...

Tweets

Bitcoin: The Cryptoanarchists’ Answer to Cash H...

spectrum.ieee.org 31 May '12, 6am

As more and more miners compete to process transactions, mining requires more computing power. Brock Tice, who mines bitco...

Bitcoin: The Cryptoanarchists’ Answer to Cash v...

spectrum.ieee.org 31 May '12, 12am

As more and more miners compete to process transactions, mining requires more computing power. Brock Tice, who mines bitco...

Bitcoin: The Cryptoanarchists’ Answer to Cash

spectrum.ieee.org 01 Jun '12, 12pm

There's nothing like a dollar bill for paying a stripper. Anonymous, yet highly personal—wherever you use it, that dollar ...

Bitcoin: The Cryptoanarchists’ Answer to Cash ;...

spectrum.ieee.org 02 Jun '12, 4am

As more and more miners compete to process transactions, mining requires more computing power. Brock Tice, who mines bitco...

The Beginning of The End of Cash

spectrum.ieee.org 30 May '12, 9pm

The basic paradigm has been in effect for years. You toil, scheme, cajole, and cogitate, and in exchange you get paid—but ...

Bitcoin: The Cryptoanarchists’ Answer to Cash #...

spectrum.ieee.org 10 Jun '12, 9am

As more and more miners compete to process transactions, mining requires more computing power. Brock Tice, who mines bitco...

Quantum Cash and the End of Counterfeiting

spectrum.ieee.org 30 May '12, 8pm

Illustration: Emily Cooper Click on image to enlarge. Since the invention of paper money, counterfeiters have churned out ...

My Year Trying to Live Cash Free

spectrum.ieee.org 30 May '12, 9pm

Not long ago, I was visiting my sister in New Jersey when a last-minute change in plans forced me to hop on a train into N...

The Beginning of The End of Cash

spectrum.ieee.org 02 Jun '12, 12pm

The basic paradigm has been in effect for years. You toil, scheme, cajole, and cogitate, and in exchange you get paid—but ...

The Beginning of The End of Cash

spectrum.ieee.org 02 Jun '12, 8pm

The basic paradigm has been in effect for years. You toil, scheme, cajole, and cogitate, and in exchange you get paid—but ...

The Beginning of The End of Cash

spectrum.ieee.org 03 Jun '12, 7am

The basic paradigm has been in effect for years. You toil, scheme, cajole, and cogitate, and in exchange you get paid—but ...

IEEE

spectrum.ieee.org 30 May '12, 9pm

A Special Report on the Future of Money ////// The Last Days of Cash How E-Money Technology is Plugging us into the Digita...

The Empire Saves Cash: After one year, the Empi...

edcmag.com 31 May '12, 8pm

One year after an innovative building retrofit project, the Empire State Building is ahead of plan and has exceeded its ye...

Plastic Waste = Cash Cow?

green.blogs.nytimes.com 29 May '12, 6pm

A group of environmentalists and entrepreneurs is looking for ideas on how to “capture gold” — that is, how to collect and...