Bitcoin a technical Introduction

Bitcoin and Anonymity

Bitcoin is intriguing, a digital currency where the entire transaction history of economy is held in common by all participants. I think that this will be a great observatory for research for someone. I read a recent paper that has some of the elements of this, An Analysis of Anonymity in the Bitcoin System by Fergal Reid and Martin Harrigan recently. As the name implies, it is mostly about the anonymity of the system. But it also includes a description of “the alleged theft of Bitcoins, which, at the time of the theft, had a market value of approximately half a million U.S. dollars”. That could be the plot of a good heist movie.

Source: healthyalgorithms.com June 3, 2014 – 12:43

Pentagon to study bitcoin as possible security t

2014-05-05 13:50:38 by willOwnADay

BITCOIN: is blown.
"Pentagon to study bitcoin as possible security threat"
A division within the Department of Defense is investigating whether the digital currency bitcoin is a possible terrorist threat.
The Combatting Terrorism Te...to national security, including bitcoin and other virtual currencies, the International Business Times reported.
A memo detailing some of the CTTSO projects states, The introduction of virtual currency will likely shape threat finance by increasing the opaqueness, transactional velocity, and overall efficiencies of terrorist attacks, as reported by Bitcoin Magazine, according to IBTimes