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<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head><script type="text/javascript" src="/_static/js/bundle-playback.js?v=HxkREWBo" charset="utf-8"></script> <script type="text/javascript" src="/_static/js/wombat.js?v=txqj7nKC" charset="utf-8"></script> <script>window.RufflePlayer=window.RufflePlayer||{};window.RufflePlayer.config={"autoplay":"on","unmuteOverlay":"hidden"};</script> <script type="text/javascript" src="/_static/js/ruffle/ruffle.js"></script> <script type="text/javascript"> __wm.init("https://web.archive.org/web"); __wm.wombat("http://cryptojunky.com:80/blog/category/bitcoin/","20150207054157","https://web.archive.org/","web","/_static/", "1423287717"); </script> <link rel="stylesheet" type="text/css" href="/_static/css/banner-styles.css?v=S1zqJCYt" /> <link rel="stylesheet" type="text/css" href="/_static/css/iconochive.css?v=3PDvdIFv" />  <title>Bitcoin - CryptoJunky</title> <link rel="stylesheet" href="https://web.archive.org/web/20150207054157cs_/http://cryptojunky.com/blog/wp-content/themes/darkzen/style.css" type="text/css" media="screen"/> <link rel="alternate" type="application/rss+xml" title="RSS 2.0" href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/feed/"/> <link rel="alternate" type="text/xml" title="RSS .92" href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/feed/rss/"/> <link rel="alternate" type="application/atom+xml" title="Atom 0.3" href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/feed/atom/"/> <link rel="pingback" href="http://cryptojunky.com/blog/xmlrpc.php"/>  <link rel="archives" title="January 2015" href="http://cryptojunky.com/blog/2015/01/"/> <link rel="archives" title="January 2014" href="http://cryptojunky.com/blog/2014/01/"/> <link rel="archives" title="December 2013" href="http://cryptojunky.com/blog/2013/12/"/> <link rel="archives" title="November 2013" href="http://cryptojunky.com/blog/2013/11/"/> <link rel="archives" title="October 2013" href="http://cryptojunky.com/blog/2013/10/"/> <link rel="archives" title="August 2013" href="http://cryptojunky.com/blog/2013/08/"/> <link rel="archives" title="May 2013" href="http://cryptojunky.com/blog/2013/05/"/> <link rel="archives" title="April 2013" href="http://cryptojunky.com/blog/2013/04/"/> <link rel="archives" title="March 2013" href="http://cryptojunky.com/blog/2013/03/"/> <link rel="archives" title="February 2013" href="http://cryptojunky.com/blog/2013/02/"/> <link rel="alternate" type="application/rss+xml" title="CryptoJunky » Bitcoin Category Feed" href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/bitcoin/feed/"/>  <script type="text/javascript"> var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-38550262-1']); _gaq.push(['_gat._forceSSL']); _gaq.push(['_trackPageview']); (function () { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://web.archive.org/web/20150207054157/https://ssl' : 'https://web.archive.org/web/20150207054157/http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })(); </script>  <link rel="EditURI" type="application/rsd+xml" title="RSD" href="http://cryptojunky.com/blog/xmlrpc.php?rsd"/> <link rel="wlwmanifest" type="application/wlwmanifest+xml" href="http://cryptojunky.com/blog/wp-includes/wlwmanifest.xml"/> <meta name="generator" content="WordPress 4.1"/> </head> <body> <div id="fb-root"></div> <script>(function(d, s, id) { var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//web.archive.org/web/20150207054157/http://connect.facebook.net/en_US/all.js#xfbml=1"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));</script> <div id="body2"> <div id="header"> <div class="headleft"> <h1><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog">CryptoJunky</a></h1> <div class="description">Cryptocurrency Guides</div> </div> <div class="headright"> <script type="text/javascript"> </script> <script type="text/javascript" src="https://web.archive.org/web/20150207054157js_/http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script> </div> </div> <div id="menulinks"> <ul id="navlist"> <li><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog">Home</a></li> <li><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/index.php?cat=4">Bitcoin</a></li> <li><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/index.php?cat=7">Litecoin</a></li> <li><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/index.php?cat=9">Terracoin</a></li> <li><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/mining">Mining</a></li> <li><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/commo-shop/">Commo Shop</a></li> <li><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/about/">About</a></li> <li><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/donations">Donations</a></li> </ul> </div> <div id="page"> <div id="mainarea"> <div id="contentarea"> <div class="post"> <div class="posttop"> <div class="postinfo"> <div class="postauthor"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/author/CryptoJunky/" title="Posts by CryptoJunky" rel="author">CryptoJunky</a></div> <div class="postsocial"> </div> <span class="posttime">posted 12 days ago</span> </div> <div class="title"> <div class="thetitle"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2015/01/25/if-youre-not-paying-attention-to-digital-currencies-youre-missing-out/" rel="bookmark" title="If You’re Not Paying Attention to Digital Currencies You’re Missing Out">If You’re Not Paying Attention to Digital Currencies You’re Missing Out</a></div> <div class="under">Section <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/bitcoin/" rel="category tag">Bitcoin</a>, <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/crypto_currencies/" rel="category tag">Crypto Currencies</a></div> </div> </div> <div class="entry"> <p><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/wp-content/uploads/2013/02/bitcoin.jpeg" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/wp-content/uploads/2013/02/bitcoin.jpeg', '']);"><img class="alignleft size-thumbnail wp-image-216" src="https://web.archive.org/web/20150207054157im_/http://cryptojunky.com/blog/wp-content/uploads/2013/02/bitcoin-150x150.jpeg" alt="Bitcoin" width="150" height="150"/></a>While Bitcoin’s price has been in a bit of a slump for most of the last year, there has been no shortage of good news regarding the cryptocurrency. If you’re like a lot of former hobbyist miners and Bitcoin enthusiasts, you may have even begun to tune out. Well it might be time to start paying attention again, as a host of new developments may make Bitcoin and the growing world of cryptocurrencies and mobile banking highly relevant. <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2015/01/25/if-youre-not-paying-attention-to-digital-currencies-youre-missing-out/#more-1563" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2015/01/25/if-youre-not-paying-attention-to-digital-currencies-youre-missing-out/#more-1563', '→ Read More']);" class="more-link">→ Read More</a></p> <div class="postbottom"> <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2015/01/25/if-youre-not-paying-attention-to-digital-currencies-youre-missing-out/#comments" class="commentslink" title="Comment on If You’re Not Paying Attention to Digital Currencies You’re Missing Out">1 Comment</a> </div> </div> <div class="posttop"> <div class="postinfo"> <div class="postauthor"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/author/CryptoJunky/" title="Posts by CryptoJunky" rel="author">CryptoJunky</a></div> <div class="postsocial"> </div> <span class="posttime">posted 1 year ago</span> </div> <div class="title"> <div class="thetitle"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2014/01/08/satoshi-nakamoto-wants-to-teach-you-the-history-of-bitcoin/" rel="bookmark" title="Satoshi Nakamoto Wants To Teach You The History Of Bitcoin">Satoshi Nakamoto Wants To Teach You The History Of Bitcoin</a></div> <div class="under">Section <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/bitcoin/" rel="category tag">Bitcoin</a>, <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/crypto_currencies/" rel="category tag">Crypto Currencies</a></div> </div> </div> <div class="entry"> <p><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/wp-content/uploads/2014/01/satoshi-nakamoto.jpg" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/wp-content/uploads/2014/01/satoshi-nakamoto.jpg', '']);"><img class="alignleft wp-image-1449" alt="satoshi-nakamoto" src="https://web.archive.org/web/20150207054157im_/http://cryptojunky.com/blog/wp-content/uploads/2014/01/satoshi-nakamoto.jpg" width="256" height="148"/></a>At the end of 2013 I received an email, purportedly from the pseudonymous Satoshi Nakamoto, containing an invitation to learn the history of Bitcoin at <a href="https://web.archive.org/web/20150207054157/http://historyofbitcoin.org/" onclick="_gaq.push(['_trackEvent', 'outbound-article', 'https://web.archive.org/web/20150207054157/http://historyofbitcoin.org/', 'HistoryOfBitcoin.org']);" title="HistoryOfBitcoin.org" target="_blank">HistoryOfBitcoin.org</a>. While it’s certainly doubtful that this Satoshi Nakamoto has any relation to the elusive creator(s) of Bitcoin, the approach piqued my interest. <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2014/01/08/satoshi-nakamoto-wants-to-teach-you-the-history-of-bitcoin/#more-1422" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2014/01/08/satoshi-nakamoto-wants-to-teach-you-the-history-of-bitcoin/#more-1422', '→ Read More']);" class="more-link">→ Read More</a></p> <div class="postbottom"> <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2014/01/08/satoshi-nakamoto-wants-to-teach-you-the-history-of-bitcoin/#comments" class="commentslink" title="Comment on Satoshi Nakamoto Wants To Teach You The History Of Bitcoin">4 Comments</a> </div> </div> <div class="posttop"> <div class="postinfo"> <div class="postauthor"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/author/CryptoJunky/" title="Posts by CryptoJunky" rel="author">CryptoJunky</a></div> <div class="postsocial"> </div> <span class="posttime">posted 1 year ago</span> </div> <div class="title"> <div class="thetitle"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/12/18/you-asked-when-to-buy-bitcoin-well-nows-your-chance/" rel="bookmark" title="You Asked When To Buy Bitcoin…Well Now’s Your Chance">You Asked When To Buy Bitcoin…Well Now’s Your Chance</a></div> <div class="under">Section <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/bitcoin/" rel="category tag">Bitcoin</a></div> </div> </div> <div class="entry"> <p><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/wp-content/uploads/2013/02/bitcoin.jpeg" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/wp-content/uploads/2013/02/bitcoin.jpeg', '']);"><img class="alignleft wp-image-216" alt="Bitcoin" src="https://web.archive.org/web/20150207054157im_/http://cryptojunky.com/blog/wp-content/uploads/2013/02/bitcoin.jpeg" width="180" height="180"/></a>For the last couple of months Bitcoin has been on a tear, and as it grabbed more and more headlines I’ve heard more and more of the same. <strong>“I should have bought Bitcoin when you first told me about it, now its at $1,000!”</strong> seemed to be an all too common statement. A certain euphoria ensues following these dramatic price increases and more and more people ask <em>where can I get some?</em> <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/12/18/you-asked-when-to-buy-bitcoin-well-nows-your-chance/#more-1303" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/12/18/you-asked-when-to-buy-bitcoin-well-nows-your-chance/#more-1303', '→ Read More']);" class="more-link">→ Read More</a></p> <div class="postbottom"> <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/12/18/you-asked-when-to-buy-bitcoin-well-nows-your-chance/#comments" class="commentslink" title="Comment on You Asked When To Buy Bitcoin…Well Now’s Your Chance">4 Comments</a> </div> </div> <div class="posttop"> <div class="postinfo"> <div class="postauthor"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/author/CryptoJunky/" title="Posts by CryptoJunky" rel="author">CryptoJunky</a></div> <div class="postsocial"> </div> <span class="posttime">posted 1 year ago</span> </div> <div class="title"> <div class="thetitle"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/12/01/signholder-receives-over-24000-in-bitcoin-after-qr-code-appears-on-espn/" rel="bookmark" title="Signholder Receives Over $24,000 In Bitcoin After QR Code Appears On ESPN">Signholder Receives Over $24,000 In Bitcoin After QR Code Appears On ESPN</a></div> <div class="under">Section <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/bitcoin/" rel="category tag">Bitcoin</a></div> </div> </div> <div class="entry"> <p><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/wp-content/uploads/2013/12/bitcoin-sign.jpg" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/wp-content/uploads/2013/12/bitcoin-sign.jpg', '']);"><img class="alignleft size-medium wp-image-1289" alt="bitcoin-sign" src="https://web.archive.org/web/20150207054157im_/http://cryptojunky.com/blog/wp-content/uploads/2013/12/bitcoin-sign-300x225.jpg" width="300" height="225"/></a>Earlier today a Bitcoin newcomer reportedly received over 22 Bitcoin after holding up a sign with a Bitcoin QR code. In what is one of the most genius demonstrations of the cryptocurrency to date, the Bitcoin enthusiast created and displayed a sign that read “Hi Mom, send ” followed by the Bitcoin symbol. The user, who has thus far only been identified by his reddit username BitcoinPitcher2, had thought that someone might send him a bit as a gag, though the user wasn’t sure the QR code would even be scannable. <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/12/01/signholder-receives-over-24000-in-bitcoin-after-qr-code-appears-on-espn/#more-1272" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/12/01/signholder-receives-over-24000-in-bitcoin-after-qr-code-appears-on-espn/#more-1272', '→ Read More']);" class="more-link">→ Read More</a></p> <div class="postbottom"> <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/12/01/signholder-receives-over-24000-in-bitcoin-after-qr-code-appears-on-espn/#comments" class="commentslink" title="Comment on Signholder Receives Over $24,000 In Bitcoin After QR Code Appears On ESPN">21 Comments</a> </div> </div> <div class="posttop"> <div class="postinfo"> <div class="postauthor"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/author/CryptoJunky/" title="Posts by CryptoJunky" rel="author">CryptoJunky</a></div> <div class="postsocial"> </div> <span class="posttime">posted 1 year ago</span> </div> <div class="title"> <div class="thetitle"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/29/bitcoins-top-merchants-come-out-to-play-on-bitcoin-black-friday/" rel="bookmark" title="Bitcoin’s Top Merchants Come Out To Play On Bitcoin Black Friday">Bitcoin’s Top Merchants Come Out To Play On Bitcoin Black Friday</a></div> <div class="under">Section <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/bitcoin/" rel="category tag">Bitcoin</a></div> </div> </div> <div class="entry"> <p><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/wp-content/uploads/2013/11/virgin_galactic.jpeg" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/wp-content/uploads/2013/11/virgin_galactic.jpeg', '']);"><img class="alignleft size-full wp-image-1251" alt="virgin_galactic" src="https://web.archive.org/web/20150207054157im_/http://cryptojunky.com/blog/wp-content/uploads/2013/11/virgin_galactic.jpeg" width="278" height="181"/></a>This year’s Bitcoin Black Friday offers the most expansive group of merchants and items we’ve seen thus far from the Bitcoin community. With prices surging in excess of $1000 USD for the first time many merchants are looking to use Bitcoin as a catalyst to increase their holiday sales. Groups such as Namecheap and Virgin Galactic have thrown in their support for this year’s Bitcoin Black Friday in addition to a multitude of other Bitcoin retailers new and old. <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/29/bitcoins-top-merchants-come-out-to-play-on-bitcoin-black-friday/#more-1245" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/29/bitcoins-top-merchants-come-out-to-play-on-bitcoin-black-friday/#more-1245', '→ Read More']);" class="more-link">→ Read More</a></p> <div class="postbottom"> <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/29/bitcoins-top-merchants-come-out-to-play-on-bitcoin-black-friday/#comments" class="commentslink" title="Comment on Bitcoin’s Top Merchants Come Out To Play On Bitcoin Black Friday">2 Comments</a> </div> </div> <div class="posttop"> <div class="postinfo"> <div class="postauthor"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/author/CryptoJunky/" title="Posts by CryptoJunky" rel="author">CryptoJunky</a></div> <div class="postsocial"> </div> <span class="posttime">posted 1 year ago</span> </div> <div class="title"> <div class="thetitle"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/27/bitcoin-black-friday-aims-to-boost-sales-for-bitcoin-retailers/" rel="bookmark" title="Bitcoin Black Friday Aims To Boost Sales For Bitcoin Retailers">Bitcoin Black Friday Aims To Boost Sales For Bitcoin Retailers</a></div> <div class="under">Section <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/bitcoin/" rel="category tag">Bitcoin</a></div> </div> </div> <div class="entry"> <p><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/wp-content/uploads/2013/11/Bitcoin-Black-Friday-Share-1.png" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/wp-content/uploads/2013/11/Bitcoin-Black-Friday-Share-1.png', '']);" target="_blank" rel="http://www.bitcoinblackfriday.com/"><img class="alignleft wp-image-1228" alt="Bitcoin Black Friday Share (1)" src="https://web.archive.org/web/20150207054157im_/http://cryptojunky.com/blog/wp-content/uploads/2013/11/Bitcoin-Black-Friday-Share-1.png" width="206" height="206"/></a>The digital currency Bitcoin has been front and center in the news recently. Following last week’s <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/21/us-senate-committee-on-banking-housing-urban-affairs-weighs-in-on-virtual-currency/" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/21/us-senate-committee-on-banking-housing-urban-affairs-weighs-in-on-virtual-currency/', 'US Senate hearings on virtual currency']);" title="US Senate Hearings" target="_blank">US Senate hearings on virtual currency</a>, Bitcoin has hit all time highs exceeding even the most optimistic estimates for price versus fiat currencies. Meanwhile Bitcoin merchants have been putting together their own push aiming to make this year’s<a href="https://web.archive.org/web/20150207054157/http://www.bitcoinblackfriday.com/" onclick="_gaq.push(['_trackEvent', 'outbound-article', 'https://web.archive.org/web/20150207054157/http://www.bitcoinblackfriday.com/', ' Bitcoin Black Friday']);" title="Bitcoin Black Friday" target="_blank"> Bitcoin Black Friday</a> the biggest yet.</p> <p> <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/27/bitcoin-black-friday-aims-to-boost-sales-for-bitcoin-retailers/#more-1220" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/27/bitcoin-black-friday-aims-to-boost-sales-for-bitcoin-retailers/#more-1220', '→ Read More']);" class="more-link">→ Read More</a></p> <div class="postbottom"> <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/27/bitcoin-black-friday-aims-to-boost-sales-for-bitcoin-retailers/#comments" class="commentslink" title="Comment on Bitcoin Black Friday Aims To Boost Sales For Bitcoin Retailers">3 Comments</a> </div> </div> <div class="posttop"> <div class="postinfo"> <div class="postauthor"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/author/CryptoJunky/" title="Posts by CryptoJunky" rel="author">CryptoJunky</a></div> <div class="postsocial"> </div> <span class="posttime">posted 1 year ago</span> </div> <div class="title"> <div class="thetitle"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/21/us-senate-committee-on-banking-housing-urban-affairs-weighs-in-on-virtual-currency/" rel="bookmark" title="US Senate Committee On Banking, Housing, & Urban Affairs Weighs In On Virtual Currency">US Senate Committee On Banking, Housing, & Urban Affairs Weighs In On Virtual Currency</a></div> <div class="under">Section <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/bitcoin/" rel="category tag">Bitcoin</a></div> </div> </div> <div class="entry"> <p>In the second hearing in as many days the US Senate Committee on Banking, Housing, and Urban Affairs weighed in on virtual currencies. Tuesday’s hearing featured some of the speakers we saw at <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/19/us-senate-hearing-on-virtual-currencies-spawns-price-fluctuations-senator-carper-becomes-a-meme/" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/19/us-senate-hearing-on-virtual-currencies-spawns-price-fluctuations-senator-carper-becomes-a-meme/', 'Monday’s hearing']);" title="Monday's Hearing On Bitcoin" target="_blank">Monday’s hearing</a> as well as several new testimonies. The full video (minus the first few minutes) is available via the below youtube video. The hearing, entitled <a href="https://web.archive.org/web/20150207054157/http://www.banking.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_ID=955322cc-d648-4a00-a41f-c23be8ff4cad" onclick="_gaq.push(['_trackEvent', 'outbound-article', 'https://web.archive.org/web/20150207054157/http://www.banking.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_ID=955322cc-d648-4a00-a41f-c23be8ff4cad', 'The Present And Future Impact Of Virtual Currency']);" title="Senate Hearing On Bitcoin" target="_blank"><strong>The Present And Future Impact Of Virtual Currency</strong></a>, covered potential issues related to use and regulation or non regulation of virtual currencies.</p> <p><iframe width="500" height="281" src="https://web.archive.org/web/20150207054157if_/http://www.youtube.com/embed/hvBzmY73AlY?feature=oembed" frameborder="0" allowfullscreen></iframe></p> <p> <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/21/us-senate-committee-on-banking-housing-urban-affairs-weighs-in-on-virtual-currency/#more-1204" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/21/us-senate-committee-on-banking-housing-urban-affairs-weighs-in-on-virtual-currency/#more-1204', '→ Read More']);" class="more-link">→ Read More</a></p> <div class="postbottom"> <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/21/us-senate-committee-on-banking-housing-urban-affairs-weighs-in-on-virtual-currency/#comments" class="commentslink" title="Comment on US Senate Committee On Banking, Housing, & Urban Affairs Weighs In On Virtual Currency">6 Comments</a> </div> </div> <div class="posttop"> <div class="postinfo"> <div class="postauthor"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/author/CryptoJunky/" title="Posts by CryptoJunky" rel="author">CryptoJunky</a></div> <div class="postsocial"> </div> <span class="posttime">posted 1 year ago</span> </div> <div class="title"> <div class="thetitle"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/19/us-senate-hearing-on-virtual-currencies-spawns-price-fluctuations-senator-carper-becomes-a-meme/" rel="bookmark" title="US Senate Hearing On Virtual Currencies Spawns Price Fluctuations; Senator Carper Becomes A Meme">US Senate Hearing On Virtual Currencies Spawns Price Fluctuations; Senator Carper Becomes A Meme</a></div> <div class="under">Section <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/bitcoin/" rel="category tag">Bitcoin</a>, <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/crypto_currencies/" rel="category tag">Crypto Currencies</a></div> </div> </div> <div class="entry"> <p>Yesterday the US Senate Committee on Homeland Security and Governmental Affairs held a hearing on virtual currencies. The hearing was largely perceived to be a positive development for Bitcoin and other virtual currencies. While there was discussion of illicit use of Bitcoin there was also considerable discussion of the potential economic benefit of the currency. Additionally several officials testified to the legality of Bitcoin which has helped to solidify confidence in the growing internet based currency. The full video is available here.</p> <p><iframe width="500" height="281" src="https://web.archive.org/web/20150207054157if_/http://www.youtube.com/embed/bKYkN2xDoZc?feature=oembed" frameborder="0" allowfullscreen></iframe></p> <p> <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/19/us-senate-hearing-on-virtual-currencies-spawns-price-fluctuations-senator-carper-becomes-a-meme/#more-1183" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/19/us-senate-hearing-on-virtual-currencies-spawns-price-fluctuations-senator-carper-becomes-a-meme/#more-1183', '→ Read More']);" class="more-link">→ Read More</a></p> <div class="postbottom"> <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/19/us-senate-hearing-on-virtual-currencies-spawns-price-fluctuations-senator-carper-becomes-a-meme/#comments" class="commentslink" title="Comment on US Senate Hearing On Virtual Currencies Spawns Price Fluctuations; Senator Carper Becomes A Meme">3 Comments</a> </div> </div> <div class="posttop"> <div class="postinfo"> <div class="postauthor"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/author/CryptoJunky/" title="Posts by CryptoJunky" rel="author">CryptoJunky</a></div> <div class="postsocial"> </div> <span class="posttime">posted 1 year ago</span> </div> <div class="title"> <div class="thetitle"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/18/what-to-look-for-at-the-us-senate-hearing-on-virtual-currencies/" rel="bookmark" title="What To Look For At The US Senate Hearing On Virtual Currencies">What To Look For At The US Senate Hearing On Virtual Currencies</a></div> <div class="under">Section <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/bitcoin/" rel="category tag">Bitcoin</a></div> </div> </div> <div class="entry"> <p><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/wp-content/uploads/2013/11/Senateseal.png" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/wp-content/uploads/2013/11/Senateseal.png', '']);"><img class="alignleft wp-image-1162" alt="Senateseal" src="https://web.archive.org/web/20150207054157im_/http://cryptojunky.com/blog/wp-content/uploads/2013/11/Senateseal.png" width="200" height="200"/></a>Bitcoin has been all the buzz lately leading to substantial price surges on both Chinese and US exchanges. In the wake of the FBI’s shutdown of the Silk Road and a recent surge in the price of Bitcoin the US Senate Committee on Homeland Security and Governmental Affairs is holding a hearing on virtual currencies. With a slew of new companies seeking governmental guidance on how to proceed with their Bitcoin oriented businesses these hearings have become not just inevitable but welcome by many. Late last night <a href="https://web.archive.org/web/20150207054157/http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html" onclick="_gaq.push(['_trackEvent', 'outbound-article', 'https://web.archive.org/web/20150207054157/http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html', 'Bloomberg broke a story']);" title="Bloomberg" target="_blank">Bloomberg broke a story</a> that suggests the hearing will be positive for Bitcoin. Here’s what to watch for at the hearing, which will take place today at 3:00 PM EST and <a href="https://web.archive.org/web/20150207054157/http://www.c-spanvideo.org/schedule/" onclick="_gaq.push(['_trackEvent', 'outbound-article', 'https://web.archive.org/web/20150207054157/http://www.c-spanvideo.org/schedule/', 'will be available on CSPAN']);" title="CSPAN Schedule" target="_blank">will be available on CSPAN</a>. <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/18/what-to-look-for-at-the-us-senate-hearing-on-virtual-currencies/#more-1159" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/18/what-to-look-for-at-the-us-senate-hearing-on-virtual-currencies/#more-1159', '→ Read More']);" class="more-link">→ Read More</a></p> <div class="postbottom"> <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/18/what-to-look-for-at-the-us-senate-hearing-on-virtual-currencies/#comments" class="commentslink" title="Comment on What To Look For At The US Senate Hearing On Virtual Currencies">10 Comments</a> </div> </div> <div class="posttop"> <div class="postinfo"> <div class="postauthor"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/author/CryptoJunky/" title="Posts by CryptoJunky" rel="author">CryptoJunky</a></div> <div class="postsocial"> </div> <span class="posttime">posted 1 year ago</span> </div> <div class="title"> <div class="thetitle"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/16/hashing-with-bitfurys-blue-fury-bitcoin-miners/" rel="bookmark" title="Hashing With Bitfury’s Blue Fury Bitcoin Miners">Hashing With Bitfury’s Blue Fury Bitcoin Miners</a></div> <div class="under">Section <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/bitcoin/" rel="category tag">Bitcoin</a>, <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/mining/" rel="category tag">Mining</a></div> </div> </div> <div class="entry"> <p><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/wp-content/uploads/2013/11/bitfury200.jpg" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/wp-content/uploads/2013/11/bitfury200.jpg', '']);"><img class="size-full wp-image-1147 alignleft" alt="bitfury" src="https://web.archive.org/web/20150207054157im_/http://cryptojunky.com/blog/wp-content/uploads/2013/11/bitfury200.jpg" width="200" height="200"/></a>In an effort to retain a small amount of the Bitcoin network’s hashrate I’ve added two new USB miners to my collection of Bitcoin ASICs. While Bitcoin mining is probably not the best investment you could make right now, it is still a fun hobby. The newest additions to my small collection are two Blue Fury USB miners with ASIC chips by manufacturer Bitfury. Here’s an overview of the Blue Furies and a guide on setting them up. <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/16/hashing-with-bitfurys-blue-fury-bitcoin-miners/#more-1131" onclick="_gaq.push(['_trackEvent', 'outbound-article-int', 'https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/16/hashing-with-bitfurys-blue-fury-bitcoin-miners/#more-1131', '→ Read More']);" class="more-link">→ Read More</a></p> <div class="postbottom"> <a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/2013/11/16/hashing-with-bitfurys-blue-fury-bitcoin-miners/#comments" class="commentslink" title="Comment on Hashing With Bitfury’s Blue Fury Bitcoin Miners">28 Comments</a> </div> </div> <div class="navigation"> <div class="alignleft"><a href="https://web.archive.org/web/20150207054157/http://cryptojunky.com/blog/category/bitcoin/page/2/">« Older Entries</a></div> <div class="alignright"></div> </div> </div> </div>  <div id="sidebar"> <div> <script> (function() { var cx = '010231802623662157603:twcdzjms3pm'; var gcse = document.createElement('script'); gcse.type = 'text/javascript'; gcse.async = true; gcse.src = (document.location.protocol == 'https:' ? 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