Thailand: World’s First Bitcoin Ban

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.

JK: I don’t think people are hedging against the euro with bitcoin. The crisis brought a lot more attention and exposure to Icomarkets. People found out about Bitcoin because of the euro crisis, but we’re not flooded by people from Cyprus trying to buy bitcoins, so it’s not a direct correlation.

GUiMiner is the easiest solution for Windows users as it allows you to create miners utilizing most standard graphics cards. 50Miner is likewise a popular solution. Each require you to enter your worker info and pool and they’ll commence mining.

Another good e-currency is Pecunix. This is again an online payment system that is backed by gold. Pecunix essentially works the same as E-gold, so they do not buy and sell their own currency, and it is again stored in the account you have with them.

12/14: As the year winds down, there is still news to be discussed on the Rabbit Hunt. First, we look at two states that looking at online gaming legalization in the US, both of which have tried before. Then, we look at our picks for “Best of the Year” based on the Readers Choice Award on Bluff Magazine. [Visit Website] [Download MP3].

Although this is simplified, it is basically how the system functions. You work for shares in a block and when complete you get a percent of the block based on the amount of workers alongside you, less fees. Utilizing this technique will earn you money.

JK: Dark pools are really useful, because they allow people to buy and sell large amounts of bitcoins without moving the price. If you want to buy 1 million dollars worth of bitcoins, you’ll run the price up and that’s what’s happening now with the volatile prices. They eat up all the supplies and the price goes up. Dark pools allow you to do that, same for selling large amounts without running the price down. It’s a big advantage, next to an open book infrastructure.

This currency, once it reaches critical mass, will not be easily manipulated by individuals or governments. It will give us a chance, not a guarantee, but a chance, to correct the system.

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