BitVulture - Slashdot User

Submission + - RMS calls for "truly anonymous payment" alternative to Bitcoin 1

Submitted by BitVulture on Sunday December 01, 2013 @07:04PM

BitVulture writes: With everybody but the Dalai Lama talking about Bitcoin, Richard Stallman took a break from his duties as high priest of the free software movement to air his views on the crypto-currency that has become virtually as valuable as gold. In an interveiw with Russian media giant RT, Stallman praised Bitcoin for allowing people to "send money to someone without getting the permission of a payment company". But he also warned against a major weakness of Bitcoin and called for the development of "a system for truly anonymous payment" online. The interview took place on the sidelines of the recent Bitcoin Expo in London. Among the guests to the gathering of Bitcoin fans, and a few critics, were 3D-printed gun developer Cody Wilson and a singer named Rachel, who was scheduled to perform the song "Bitcoin Baby".

Submission + - Security breach forces Bitcoin bank to halt operations

Submitted by BitVulture on Thursday November 07, 2013 @07:52AM

BitVulture writes: The hardcore Bitcoin community is abuzz with news of the closure of Inputs.io, a supposedly secure online Bitcoin wallet, after an attack resulted in the loss of 4100 Bitcoins. A PGP-signed message at the home page of the now mostly non-operational site briefly explains the situation: "Two hacks totalling about 4100 BTC have left Inputs.io unable to pay all user balances. The attacker compromised the hosting account through compromising email accounts (some very old, and without phone numbers attached, so it was easy to reset). The attacker was able to bypass 2FA due to a flaw on the server host side."

There's no word yet whether Inputs.io will eventually resume operations or whether the security breach will force the Bitcoin bank out of business.

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