What the Fuck is a Hashlet?

I can't figure it out and there doesn't seem to be a clear explanation of it anywhere. The company marketing them, GAWMiner apparently has shipped some hardware to some people before, but hosted mining seems to be their thing. Apparently 12 days ago they started selling something called a "Hashlet" which has only so far been described with buzzwords. There's some very questionable claims being made. Continue reading

A Key Thing That Erodes the Pretense of Respectability in Governance

When considering what jurisdiction in this world is or is not, or perhaps which one just might be ever so slightly closer to being the land of the free than some other's let us examine a snippet of text that enumerates a right of citizens of some actual jurisdiction the world which might give many people in the United States some pause: Continue reading

Record Large Public Bitcoin Bet Reached

A bet on whether Bitcoin outperforms Berkshire Hathaway on BitBet.us has now become the record largest public Bitcoin denominated bet in terms of the number of bets placed. As of publishing 162 bets have been placed on this proposition. In terms of absolute value wagered this bet is still dwarfed by two bets on the same platform which were Bitcoin difficulty at or above 2B before Feb 2014 1886.91 BTC wagered1 and BFL will deliver ASIC devices before March 1st (2013) 1689.81 BTC wagered.2 This bet is scheduled to resolve on March 16th, 2015 with wagering open through February 15th, 2015.

  1. The largest ever in Bitcoin and in the equivalent dollar value denominated in Bitcoin.  

  2. Bitcoin was worth much less at the time.