It just became significantly harder to mine Bitcoins. The halving event rolled around yesterday, July 9, and means that the reward for mining just dropped by 50 percent. The cryptocurrency is generated by machines around the world 'mining' for new bitcoins.
Four months have passed since the world learned the name of Craig Wright, a man who, as WIRED wrote in December, either created Bitcoin or very badly wants someone to believe he did.
Now rumors are swirling through the Bitcoin world that Wright himself is poised to publicly claim—and possibly offer some sort of proof—that he really is Satoshi Nakamoto, the mysterious inventor of Bitcoin. If he does, he’ll have to convince a highly skeptical cryptography community for whom “proof” is a serious word, and one that requires cryptographic levels of certainty.
The Securities and Exchange Commission has approved a plan from online retailer Overstock.com to issue company stock via the Internet, signaling a significant shift in the way financial securities will be distributed and traded in the years to come.
Even as his face towered 10 feet above the crowd at the Bitcoin Investor’s Conference in Las Vegas, Craig Steven Wright was, to most of the audience of crypto and finance geeks, a nobody.
The likes of Adam Ant and Billy Bragg are among the names backing the Free At What Cost? project. Launched by British composer Hélène Muddiman, the idea behind the campaign is to ensure that artists and content creators get a fair deal by charging for online views and listens.
The basic idea is to protect content against free viewing in an extension of the idea of simple DRM. While the logistics are still to be fully detailed, one of the proposals is to use a Bitcoin-like payment system to enables people to pay artists directly for access to their content.