Prediction markets sound crazy. People “bet” on what the future will be, and the reported results end up accurate predicting the future.
The rise of online drug markets have led to a new form of drug dealing. Rather than gravitating to dark alleyways, dealing can now be done sitting in bed in one’s underwear. That doesn't mean drug dealing is any less of a risky businesses though. People get cheated all the time. Case in point: on Tuesday, leaders of Evolution, one of the largest online drug markets, shuttered the drug market and ran off with all user funds.
As a lead developer that has worked on Bitcoin for many years, Gavin Andresen has seen his share of mishaps and debates. In the early days of 2011, one faulty transaction created some billion bitcoins out of thin air—“which was bad,” he said at DevCore Boston. The developer-minded talk dove into the early days of Bitcoin, including the thornier coding problems that they encountered. Andresen also shared some opinions about Bitcoin's mysterious creator Satoshi Nakamoto.
When sending payments, popular services PayPal and SWIFT allow users to attach private messages that add an explanation about the payment. Before now, bitcoin services haven't supported this feature. However, CoinSpark just launched a tool that works that accomplishes this for bitcoin transactions. They open sourced this tool so that developers can implement the feature in their own applications.