Clay Freeman

37 Flips | 1 Magazine | 19 Likes | 21 Followers | @clayfreeman | Keep up with Clay Freeman on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Clay Freeman”

Iterations: How Five Real Economists Think About Bitcoin’s Future

<b>Editor’s Note:</b> <i>Semil Shah is a contributor to</i> TechCrunch<i>. You can follow him on Twitter at @semil.</i><p>There isn’t just a bubble in the Bitcoin economy, there’s a bubble in the number of posts about Bitcoin. I’ll pile on, even after this week’s mini-crash, but with a twist. A few weeks ago, I <b>wrote some</b> …

Bitcoin mining costs real world money

The active mining of virtual currency in the online world for real world profit is nothing new. This has been a common process in a number of online …

Digital Drills: The Monster Machines that Mine Bitcoin

Bitcoin! It's everywhere right now. Its value is dropping, spiking, dropping again. More and more new converts are hopping in, buying a few coins and …

Bitcoin Is Up 92% Since Yesterday

The remarkable ride for Bitcoin traders continues today.<p>The virtual currency is now trading at $115, nearly double where it was yesterday, when Bitcoin plummeted to a low of $60 following a 12-hour trading halt on the world's largest Bitcoin exchange, Mt. Gox.<p>On Wednesday, the currency topped out …

Unfazed By Bitcoin’s Wild Swings And Mysterious Origins, Silicon Valley VCs Place Their Bets

Bitcoin’s record highs and the ensuring surge in hacking attempts and thefts may be grabbing headlines. However, beneath the chaos, Silicon Valley’s best-known venture firms are finally starting to make real bets around the crypto-currency.<p>The price of a single bitcoin had more than quintupled to …

There's Someone Called 'The Bitcoin Billionaire' Who's Randomly Giving Out Thousands Of Dollars On Reddit

Someone gave away over $13,000 worth of Bitcoins to complete strangers on Reddit.<p>Some context: For the last few months, Reddit users have been able to "tip" each other with Bitcoins. Basically, the user sets up a "Bitcointip" account. They are then able to tip other users using simple commands …

Bitcoin exchange halts trades of digital currency after drop in value

The largest exchange for the digital currency Bitcoin halted trading Thursday, saying it needed to let the market "cool down" after a massive drop in …

Bitcoin drops another 35 percent as exchange reopens

Bitcoin's wild ride continued this evening, immediately carving 35 percent off the value of the digital currency as Mt. Gox, the world's largest Bitcoin exchange, resumed trading after an extended suspension of operations.<p>The value of the peer-to-peer currency began trading at $78 a Bitcoin against …

Cryptocurrency

Real money starts to pour into math-based currencies like bitcoin

Chris Dixon, a partner at the venture capital firm Andreessen Horowitz, posted this brief observation on Tumblr the other day:<p><b>Three eras of currency</b><br>Commodity based, e.g. Gold<br>Politically based, e.g. Dollar<br>Math based, e.g. Bitcoin<p>Now Dixon’s firm and several other well known investors are putting …

Cryptocurrency

Bitcoin volatility caused by surge in demand, slow software

Bitcoin’s roller-coaster price swings on Wednesday were caused by an influx of new buyers and software that couldn’t keep up, according to the largest exchange, Mt. Gox.<p>People trading bitcoin on the Tokyo-based exchange saw its price hit $266 at one point, then fall to as low as $105 with high lag …

Bitcoin Exchange Mt. Gox Reveals The Insane Volume And Surge In New Users That's Causing Its Severs To Melt

Mt. Gox -- the most well-known Bitcoin exchange -- was very slow yesterday during yesterday's Bitcoin crash.<p>Today it has released a statement saying that trading volume is through the roof.<p>The most stunning fact. After adding a total of 60,000 new users to the site in March, it's now adding 20,000</i> …

Bitcoin Doesn't Have a Deflation Problem

A number of smart people have made arguments like this one from Matt Yglesias:<p>If over time more and more people want to use Bitcoins to conduct transactions of various kinds, then the price of bitcoins is going to have to rise and rise. The problem is that if the price of a bitcoin is on a steady …

Top Bitcoin exchange Mt. Gox halts trading following massive price decline

Top Bitcoin exchange Mt. Gox, which facilitates more than 70 percent of trades of the currency, has halted trading for 12 hours following a gigantic decline in Bitcoin prices.<p>The price of a Bitcoin on Mt. Gox as of this report is $120, a dramatic drop from a high of $260 yesterday. On Wednesday, …

Bitcoin exchange Mt. Gox suspends service following huge swing in trading price

Mt. Gox, the largest exchange for buying and selling bitcoins, is temporarily shutting down following an uptick in activity on the site sparked by a massive drop in the digital currency’s price.<p>The Tokyo-based exchange is suspending trading until 10 p.m. Eastern Time as it allows the market to …

What the Bitcoin Crash Can Teach Us About Money and Investing

Yesterday, Bitcoins were worth as much as $260 apiece. They were also worth as little as $100 yesterday. This would certainly qualify as one of the …

Bitcoin gaining wider acceptance

Once considered a nutty idea favored by computer geeks and anti-government types, bitcoin is gaining traction as a legitimate way to buy and sell goods.<p>CINCINNATI -- Jerry Felix says it probably was a mistake to announce his company's embrace of bitcoin so close to April 1.<p>Who, after all, would …

Boot up: Java Bitcoin malware, Apple and Motorola slapped, Ballmer's big bet and more

A burst of 10 links for you to chew over, as picked by the Technology team<p>Java applet attack wipes out Bitcoin accounts on Mt.Gox >> TechCrunch<p>John …

The latest technology investment craze that has made Winklevoss twins $11MILLION: Brothers among the latest geeks striking it rich with internet currency 'Bitcoins'

• Tyler and Cameron Winklevoss have revealed they own about 1 per cent of all Bitcoins<br>• The online currency is showing promise, but suffered catastrophic …

Bitcoin exchange Mt. Gox taken offline yet again by ‘stronger than usual’ DDoS attack

Leading Bitcoin exchange Mt. Gox has been knocked offline in another distributed-denial-of-service (DDoS) attack just hours after the exchange re-opened following a huge Bitcoin price decline.<p>“We are experiencing a stronger than usual DDoS,” Mt. Gox wrote on its Facebook page. “We are working [on] …

'Zerocoin' Add-on For Bitcoin Could Make It Truly Anonymous And Untraceable

Many users of the crypto-currency Bitcoin see it as the first fully anonymous and untraceable currency. It’s not. But with the addition of a clever piece of code called Zerocoin, it could still fulfill that dream of truly private payments.<p>Zerocoin, the work of a group of cryptographers at John …

Largest Bitcoin exchange halts trading after tumultuous price fluctuations

Major Bitcoin exchange Mt. Gox is shutting down trading for 12 hours following wild fluctuations in the currency's valuation yesterday. The exchange handles three-quarters of all Bitcoin trading, and inaccurate reports of a DDoS attack on its website lead to a mass selling of the digital currency, …

The Winklevoss Twins Say They Own 1% Of All Bitcoins

"An array of speculators have now bid up the price of the Bitcoin to the point where the outstanding supply of the digital money was worth $1.3 billion at last count. The Winklevii — as they are popularly known — say they own nearly 1 percent of that, or some $11 million."<p>There are 10.8 million …

Winklevoss twins back bitcoin as bubble bursts

Bitcoin has received its most high-profile endorsement yet as the Winklevoss twins, famous for their legal battle with Facebook, reveal they could be the largest holders of the controversial digital currency – just as the bubble bursts and the price plummets.<p>Cameron and Tyler Winklevoss, the …

Bitcoin price fluctuates wildly after massive run-up, DDoS attacks reportedly to blame (update)

Open-source currency Bitcoin is currently experiencing an incredibly volatile day — after reaching a daily high of $266 earlier, one Bitcoin is currently valued at $178, though pricing has gone as low as $150 as of this writing. That's a difference of more than $100, quite the roller coaster for …

Boot up: Bitcoin crashes, PCs dwindle, the truth about Summly and more

A burst of 11 links for you to chew over, as picked by the Technology team<p>Nearly 60K low-quality apps booted from Google Play store In February, …

This Video Explains Everything You Need to Know About Bitcoin in Three Minutes

What is a bitcoin? Like exactly? It's digital currency and it's been around for a while now so what's all the fuss these days? It's because more and …

Nobody Knows If There's A Bitcoin Bubble

It has become almost obligatory for mainstream journalists writing about Bitcoin to describe the currency’s current value as a bubble. It’s widely assumed that the recent increase in the value of a bitcoin, from $13.50 at the start of the year to more than $250 today, must be the result of …