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BitCoin – A matter of trust going bad

12

Jul

2011

In 2009, Satoshi Nakamoto had and idea: A digital currency that could be used without bank or central entities, based on the trust the users had for each other. With the help of public key cryptography and the Internet, members of this peer-to peer network could tell if a user vas a legitimate one and […]

Category General Written by Blog Central > McAfee Labs 0 Comments

Bitcoin currency collapse – where next for digital cash?

21

Jun

2011

Two years ago, in 2009, an open-source, peer-to-peer digital cash system launched. Cutely called Bitcoin, it was based on an academically-flavoured paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System”. The paper’s author, and the creator of the Bitcoin project, was the enigmatically-named Satoshi Nakamoto. No-one seems to know – or, more accurately, no-one is saying […]

Category General Written by Naked Security - Sophos 0 Comments

Bitcoin: P2P underground cyber currency?

07

Jun

2011

Bitcoins, a self-generated hash-based peer-to-peer currency with no centralized regulating body, are on a stratospheric trajectory, will it replace traditional legal tender as the currency of choice for cyber-nastiness? First, a little background. Bitcoins first surfaced in a white paper purportedly by Satoshi Nakamoto. While no one can trace his (her) exact identity, it seems […]

Category General Written by admin 0 Comments

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BitCoin – A matter of trust going bad

Bitcoin currency collapse – where next for digital cash?

Bitcoin: P2P underground cyber currency?

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