Wednesday, July 27, 2011

How Are Bitcoins Taxed?

"Bitcoins can be compared to cash, but cash is limited to physical exchange, where as bitcoins can be sent throughout the Internet. Today there are more than 6.3 million bitcoins in existence and this number continues to grow. So, how are bitcoins used and how have they become a currency that can be used like dollars, but is tax avoidable? Let's explore."

Monday, July 11, 2011

World's First Bitcoin Tattoo in Las Vegas?

Earlier this week, Bitcoin Forums user CryptoCommodity collected a bounty of 200 BTC for being the first person to be documented as getting a Bitcoin tattoo. She was actually not the first person to get a Bitcoin tattoo, user evolve was inked with Bitcoin a day earlier. However she filled the requirements for a sub bounty (which was offered on top of the original, lower bounty) which were that the person collecting the bounty needed to be female, and the tattoo needed to be on on the mons pubis area.

NSFW photographs after the jump.

How to set Yourself up on the #Bitcoin-OTC Exchange

Sunday, July 10, 2011

Bitcoinity HTML5 Market Exchange Charts

Bitcoinity has recently made public their HTML5 Canvas charts for Bitcoin market exchanges. Right now, you can overlay the trends of Mt. Gox, Trade Hill, and Bitmarket on eachother; or you can access charts for each individual exchange separately. You can use these charts to get a real grasp on the market trends that have happened within the last 10 minutes to the past week!

Wednesday, July 6, 2011

Bitcoin for Android, a Self Contained Android Wallet

Finally, a fully functional, self-contained wallet for Android smartphones is available on the Android Market! Download Bitcoin for Android via web or QR code:

Bitcoin for Android

Now that you have the app downloading, I can bore (not really) you with the details.

  • Interact with the Bitcoin network directly from your phone, without any third-party gateway or services.
  • When no internet connection is available, transactions initiated will be queued until a connection is established.
  • Receive and send Bitcoins via QR codes, as well as any link using the Bitcoin URI format.
  • Wallet.dat is backed up and stored in the cloud, inside your Google account's storage.
  • Stores only the block headers locally (SD card) and implements "Simplified Payment Verification" as described by Satoshi Nakamoto in his Bitcoin Paper.

Bitcoin for Android is an open source project and the (original) labor of Brian Armstrong, you can check out the bitcoin-android project on Github.