Herman Schutte

41 Flips | 2 Magazines | 12 Likes | 31 Following | 2 Followers | @hermanschutte | Keep up with Herman Schutte 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 “Herman Schutte”

A Beginner's Guide to Bitcoins

Newlyweds Will Live Only On Bitcoin For Three Months, Starting This Week

Like so many couples who tied the knot this July, Austin Craig, 30, and Beccy Bingham Craig, 29, went on a tropical honeymoon after their ceremony, spending ten glorious days in Costa Rica. And like other newlyweds, they will return to their “normal lives”<p>MondayTuesday with tans and ringed fingers. …

Bitcoin: how I made a virtual fortune

About a year ago I bought 30 Bitcoins, the online peer-to-peer crypto-currency, for about £3 each using a European website called Bitstamp.net. …

Bitcoin fuels Africa's banking revolution

Bitcoin has landed in Kenya. The online currency that was, until recently, the preserve of tech entrepreneurs and only the most pioneering …

Africa

Should you trust Bitcoin? It depends on what you think the virtual currency is for

There is a future when the City of London <i>really</i> doesn't sleep:<p>Trading still stops on the Stock Exchange at five sharp, but the banker doesn't stop. …

The Internet Archive Rescues Bitcoiners From Banking Oblivion

Recently, Kinnard Hockenhull got a call from his bank saying that they'd decided to shut down his account. For Hockenhull, this was potentially fatal …

Facebook

The stunning rise and crash of digital currency Bitcoin last month has created a vast amount of worldwide interest in what could be a disruptive new …

Living On Bitcoin For A Week: The Journey Begins

<b>Day 1</b>.<p>On Tuesday morning, I emptied my wallet of all of the cash and credit cards before I left my house. Many journalists have been writing about the mechanics of buying Bitcoin and the resulting heart palpitations as they watched the dramatic rises and falls in the digital currency’s worth over …

Bitcoins aren't tax exempt, Revenue Canada says

Just in time for tax season, the Canada Revenue Agency says the users of bitcoins will have to pay tax on transactions in the upstart digital …

Living the Bitcoin Life

Bitcoin has taken a huge hit in recent days but it is still a billion-dollar currency on a wild up-and-down ride and Silicon Valley, financial institutions, commodity traders and others are paying attention.<p>For those who don't know, Bitcoin is "a decentralized digital currency based on an …

Cryptocurrency

The POWER of BITCOIN

Bitcoin is a cyber currency that will be considered an emerging world market for years to come. Any computer savvy user with an enterprising mind and …

Bitcoin, the New Decentralized Digital Currency, Demystified in a Three Minute Video

They sound like something out of science fiction, but Bitcoins are getting just a little bit more real every day. They’re intangible and invisible, …

PayPal President 'Thinking About' Including Bitcoin

PayPal currently doesn’t have much of a relationship with the virtual currency Bitcoin, but that may soon change. The company’s president David Marcus seems to be very interested in the virtual currency, and says his company is “thinking about” potentially including it one day, according to a …

'I lost $50,000 in Bitcoin crash, but I'm still a believer' - The Buzz - Investment and Stock Market News

Simon Lang of Staffordshire, England, began investing in Bitcoins in 2011. Despite the recent price swings, Lang plans to hang onto his investment.<p>At the start of the year, Simon Lang was about $1,000 in the hole on his initial Bitcoin investment. But as the price of the digital currency ballooned …

OK Cupid Tells Users They Can Pay With Bitcoin

As a company whose business proposition has gone from kind of weird to utterly commonplace in the space of a few years, OK Cupid has always been comfortable with novelty. Now it’s embracing a new technology that strikes a lot of people as too futuristic for comfort: Bitcoin.<p>Starting today, premium …

Bitcoin exchange BitFloor shuts down again

The largest Bitcoin exchange in the U.S., BitFloor, has closed again, this time due to issues with its bank account, according to its founder.<p>Roman Shtylman wrote that the exchange’s “US bank account is scheduled to be closed and we can no longer provide the same level of USD deposits and …

Bitcoin Exchange

Bitcoin Investors Hang On for the Ride

Norman Vialle, a 53-year-old car dealer in Kansas, invested in his share of winners and losers during the Internet bubble of the 1990s. Now he is clinging to a stash of Bitcoin, even though the fledgling virtual currency has lost about 70% of its value in the past week.<p>"It's volatile because it's …

Six reasons why Chinese people will drive the next bull market in bitcoin

Whatever the case against bitcoin as an alternative currency, there’s one country where people probably won’t need much persuading to join the craze. Here’s why China could drive a further bit-boom:<p><b>1. They’ve already done the whole virtual currency thing—with Q Coin.</b><p>Or at least 100 million of them …

Cryptocurrency

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 Isn’t the Only Cryptocurrency in Town - MIT Technology Review

In recent weeks, the digital currency Bitcoin has soared and then dipped in value, along the way attracting more public attention than ever before …

Mining bitcoins takes power, but it isn't an 'environmental disaster'

<img src="http://cdni.wired.co.uk/138x138/a_c/ars.png" alt="Ars Technica" style="float: right;"/><p>Mark Gimein is something of a Bitcoin skeptic, but …

Bitcoin Bubble Graph Compared to DotCom Crash

Read more bitcoin news.<p>This post is a bit off-topic when discussing willpower and goals. I decided to post this when I analyzed what happened to …

Hide your kids, hide your BTC: Bitcoin-stealing malware emerges

Click-bait to an exchange lookalike site drops malware to steal from accounts.<p>In another example of the security mantra of "be careful what you …

Meet the Bitcoin Millionaires

Many people have lost some data while reformatting a computer hard drive. Jered Kenna lost more than that. In 2010 he erased from his computer 800 …

Virtual Bitcoin Mining Is a Real-World Environmental Disaster

Here's a puzzle: How can a virtual currency, existing in digital form on computer hard drives, demand real power and real fuel, and have real-world …

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] …

Now is the time to gamble on bitcoin

If you’ve got money you can afford to lose and a penchant for gambling, there’s no better time than now to plow that cash into bitcoin, the alternative currency that plunged in value over the past two days after hitting astronomical highs.<p>Let me be clear: I am not saying that, in the long run, …

Cryptocurrency