April 2014 Bitcoin update

Members Area Highlights

After just attending 2 very different Bitcoin conferences we sit down with Trace Mayer again for an assessment of the Bitcoin landscape.

The first event we visited was the New York Inside Bitcoin conference. It was full of regulators, accountants, Wall Street and venture capitalist types. A Bit stiff for my enjoyment, but it certainly was exciting to get see first hand the enthusiasm from big institutional money like hedge funds and the like.

The second event was the Toronto Bitcoin conference. Lots of Libertarians and freedom lovers of the front lines of bitcoin creating new tools for our privacy and freedom.

This interview is a great round up of all those events.

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Dectralized Autonomous Companies

Members Area Highlights

Dan Larimer and Brian Page from Bitshares.org join us today to discuss Decentralized Autonomous Companies or DAC's for short.

Currency was just the first implementation of blockchain technology.

Now companies like Bitshares are looking to push forward a brave new frontier of blockchain technology and create human-less automated companies. These companies will be open-source, transparent and trust-less... but will they be profitable?

With endless possibilities many will fail and some will be a home run. Certainly there is the potential to make a hell of a lot of money.

This video is the first step to understanding this new frontier.

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Ryan Singer from Cryptoorp talks privacy and security

Members Area Highlights

Multi-signature transactions is an important security feature for institutional and wide spread adoption of Bitcoin. As even further evidence of his genius, Satoshi Nakamoto anticipated this years ago when he originally wrote the code for bitcoin and this feature has been lying dormant in the bitcoin code.

Multi-Signature or Multi-Sig as it is known allows bitcoin wallets to require multiple private keys in order to move bitcoins.

For example, a husband and wife might each have a key and the wallet require both keys to send bitcoins.  In this example this would be a 2 of 2 wallet.

Another example might be a company wallet has 3 keys, 1 for the CEO, 1 for the CFO and one for the Accountant and the wallet requires any 2 of these 3 keys in order to send bitcoins.  This would be a 2 of 3 wallet.

The use cases for multisig is enormous. In this interview with Ryan Singer, we discover one of the very first, easy to use implementations of multisig and how you can use it to secure your funds.

Singer is Founder and CEO of CryptoCorp and his company is working hard to make the multisig feature of bitcoin available to all of us to use.

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