INDEX

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Abedier, Osama, 101

Alcor Life Extension Foundation, 7

Alibaba (Chinese Internet company), 261

Alice (hypothetical user), 9, 11, 21–23, 358–359

Alipay (Chinese payment processor), 260–261

Allen & Co., 181, 292, 349, 353

altoid (screen name), 69, 248. See also Ulbricht, Ross

Andreessen Horowitz, 186, 192, 329

Andreessen, Marc, 181, 186–187, 293–295, 303, 335

Andresen, Gavin

  beginnings with Bitcoin, 44–47, 49–50, 323

  as Bitcoin central figure, 59–62

  Bitcoin mining, 53, 192–197, 329

  Bitcoin promotion, 75–76, 101–106

  creation of Bitcoin Foundation, 138, 141–142

  dealing with scandals, 99

  relationship with Satoshi, 55–56, 80–86

  responding to Mt. Gox collapse, 309

  2014 Bitcoin Pacifica (Lake Tahoe), 346–348

Anoncoin (digital currency), 270–271

Anti-state.org (website), 29

Argentina, 153–161, 182, 240–242, 259, 277–280, 286, 349–353

ASIC (computer chip), 189–190, 259, 329–330

Assange, Julian, 56–57

Athey, Susan, 345

Atlantis, 245

Australia, 44–45, 117, 168, 171

Automated Clearing House (ACH), 133

Avalon (ASIC), 190, 206

Back, Adam, 17–22, 339, 348

Baidu (Chinese search engine), 261–262

bank bailout of 2008, 32, 111

Bank of America, 272

Bates, Richard, 75–77, 115–116

bee-te-bee (Chinese Bitcoin), 255–256

Beijing Summer Olympics (2008), 145

Benchmark Capital, 282, 293, 305

Bernanke, Ben, 266

Bezos, Jeff, 353

Bharara, Preet, 299–300

Bill and Melinda Gates Foundation, 353–355

Bitcoin

  arrival of Gavin Andresen, 44–47

  arrival of Martti Malmi, 29–30

  building trust, 24–25, 33, 48, 61–62, 69, 99–100, 279, 315, 339

  buying/selling with, 43–44, 82, 119–120, 129–130

  changing business model, 236–239

  characterization as “cryptocurrency,” 36

  comparison to gold, 157–158, 165, 182

  comparison to paper money, 219, 286–287

  creation and operation of original code, 4–6, 20–24

  disappearance of Satoshi Nakamoto, x–xiii

  hacking and scandals, 91–99

  increasing price/value, 38, 66–69, 79, 81–85, 89–91, 131, 175, 180, 184, 193–196, 204–206, 210–211, 250–253, 262–264, 267, 271–275, 284–285

  legality/government regulation, 196–198, 251

  limitations based upon computers, 347

  Mt. Gox collapse busts bubble, 308–317

  origin and ideology, vii–xv, 5, 113–114

  as Ponzi scheme, 220

  proof-of-work, 18–19

Bitcoin Foundation

  candidacy of Bobby Lee, 345

  dealing with Bitcoin collapse, 314–315

  Gavin Andresen as member, 192

  involvement in Senate hearing, 265–267, 270, 300–302

  Patrick Murck as member, 176

  planning and creation of, 138–142

  regulatory problems, 217–219, 233–236

  resignation of Charlie Shrem, 302

Bitcoinica, 237

Bitcoin Investment Trust, 314

Bitcoin Meetups. See conferences (Bitcoin and others)

Bitcoin mining

  about process vulnerability, 41–42

  creating blocks and recording transactions, 359–361

  creation of ASIC chip, 189–192, 259, 329–330

  creation of Avalon chip, 190, 206

  formation of mining companies, 294–295, 328–329

  formation of mining pools, 192–194

  GPU technology, 42, 56, 189–191

  growth in China, 259–261, 329

  Litecoin mining, 283

  more users increased difficulty, 53

  role in securing system, 100

  Satoshi Nakamoto patterns, 324

  specialized computers/computing power, 105, 170, 190, 233, 324, 330, 347

The Bitcoin Show (TV program), 102, 128

Bitcoin software

  about operation, 23, 357–362

  beta testing, 25–26, 58

  changes to code, 22–24, 35–39, 43–46, 55–58, 61–62, 141, 309, 346–347

  creating/maintaining protocol, x, 5–6, 32, 99, 215–216

  creation and launch, xiv, 30–31, 319, 346

  downloads, 49–51, 80, 237, 261

  Google interest, 100–102

  hard fork, 193, 195

  “1 RETURN” bug, 56

  role of public-key

  cryptography, 9–10, 17–18

  running on Macintosh, 41

  transaction malleability problem, 309–314

  updates and old versions, 37, 59, 193–195

  version 0.2, 37

  version 0.3, 47–48

  version 0.319, 59

  version 0.7, 194–195

  version 0.8, 194–195

The Bitcoin Trader (blog), 195

Bitcoin White Paper, 21, 45, 339

Bitfury, 330

bit gold, 18, 338–339

BitInstant. See also Shrem, Charlie

  attracting investors, 130–135

  creation and function, 128–130

  dealing with problems and competitors, 201–207

  hacker penetration, 150

  investment by David Azar, 134, 150–151

  investment by Roger Ver, 128

  investment by Winklevoss twins, ix, 173–176, 211–215

  involvement of Erik Voorhees, 135–137

  management problems, 220–222

  regulatory problems, 222–224

  trading volume, 201, 205–207

BitLicense, 302, 317

Bitomat (Polish exchange), 97–98

BitPagos (Argentinian payment service), 278–279

BitPay, 134, 211, 219, 272

Bitstamp (Slovenian exchange)

  about founding, 203

  attendance at 2014 Bitcoin Pacifica, 252–253, 337

  regulation of virtual currencies, 271

  response to Mt. Gox collapse, 309–310, 315

  surpassing Mt. Gox volume, 236

  trading volume, 262–263, 267

  working with banks, 327

blind digital signatures, 12

blockchain

  banking interest in the technology, 324–328

  Bitcoin transfers, 97–98, 133, 148, 182, 203–204, 235–237

  creation and function, 21–26, 43, 55, 61, 340

  dealing with hard fork, 193–194

  generating new coins, 361–362

  increasing file size, 100–101

  sidechains, 348

  use by mining pools, 191–194

  use by money transfer projects, 188–189, 336

  winning acceptance and approval, 269–274, 289–290, 345

  winning blocks, 361

Blockchain.info, 237–241, 252, 270, 315, 330–331

Blodget, Henry, 182–184

Bloomberg, Michael, 144, 325

b-money, 339

Branson, Richard, 297

Briger, Pete, 163–165, 201, 236, 252–253, 281–283, 287–288, 302, 342–343. See also Fortress Investment Group

Brito, Jerry, 79–80

Bruno, Joe Bel, 322

BTC China, 255–264, 267–269, 275, 284–285, 300, 315, 343–345. See also China

BTC Guild, 195

BTC King (screen name). See Faiella, Robert

Buffett, Warren, 353

Burges, Kolin, 310–312

Business Insider, 184

BusinessWeek, 197

Byrne, Patrick, 289

Canada, launch of Mint Chip, 133

Carper, Thomas (senator), 235, 267–268

Cary, Nic, 239, 252, 296–298, 333

Casares, Belle, 154, 162, 243, 352

Casares, Wences. See also Lemon Digital Wallet and Xapo

  background and arrival at Bitcoin, 153–165

  Bitcoin as commodity, 274

  Bitcoin holdings, 287–288

  Bitcoin promotion, 179–180, 185–187, 197, 209–210

  Bitcoin promotion in Argentina, 240–242

  conference attendance, 181–185, 214–216, 349, 351–355

  development of Lemon Digital Wallet, 201–205

  sale of Lemon Digital Wallet, 252, 280–283

  seeking business investors, 291–296

  startup business financing, 305–306

  2013 Argentina, Bitcoin meeting, 277

  Xapo founding and operations, 349–351

Casascius coins, 126–127

chronicpain (screen name). See Green, Curtis

cimon (screen name). See Variety Jones [vj]

cirrus (screen name), 246–248

Chaum, David, 10, 12, 23, 71. See also DigiCash

China, xiii, 128, 183, 190–191, 273–275, 280, 329. See also BTC China

CIA. See U.S. Central Intelligence Agency

Coinapult, 174, 338

Coinbase (Bitcoin service). See also Ehrsam, Fred

  about the founding and operation, 203–204, 211–213

  investment by Andreessen Horowitz, 293–295

  maintaining private keys, 281

  regulation of virtual currencies, 271

  regulatory compliance, 236–237

  response to Mt. Gox collapse, 315

  transaction fees, 290

  working with banks, 305–306

CoinLab, 138, 144, 200, 213

COIN (Nasdaq ticker symbol), 353

Collins, John, 265–266

conferences (Bitcoin and others)

  2011 CIA interest in Bitcoin, 81

  2011 NYC Bitcoin World Expo, 102–106, 135

  2011 Thailand, Bitcoin, 104

  2012 Amsterdam, Bitcoin, 104, 297–298

  2012 Federal Reserve on money transfer, 132–133

  2012 NYC, Bitcoin, 104

  2013 Allen & Co., 181, 349

  2013 Argentina, Bitcoin, 277–283

  2013 San Jose, Bitcoin, 214–216

  2014 Allen & Co., 262, 349, 353–355

  2014 Austin, Bitcoin, 331–336

  2014 Bitcoin Pacifica (Lake Tahoe), 337–345

  2014 SXSW, 334–336

  2014 Utrecht technology, 298

The Construction and Operation of Clandestine Drug Laboratories (Jack B. Nimble), 69

Costollo, Dick, 181

Cowen, Tyler, 286

CRASH (CRypto caSH), 12

credit cards

  Bitcoin as replacement, 23, 158–160, 235, 292

  digital wallets and, 101, 154, 209

  disputes and chargebacks, 64, 134, 343

  lack of privacy, 11

  Target Corporation, data breach, 288–289

  transaction fees, xii, 102, 240–241, 272, 277–278, 290, 343

  WikiLeaks blockade, 57

Crisis Strategy Draft, 313–315

cryogenics, 7

cryptocurrency, 36

Cryptonomicon (Stephenson), 19, 252

currency debasement, 30–31

Cypherpunk Manifesto, 8–12

Cypherpunks

  awareness of privacy and data vulnerability, 8–9

  conceptualizing future of money, 11–13, 16

  facing digital money obstacles, 19–20

  philosophical influences, 70

  termination of mailing list, 20

Dai, Wei, 19–20

Darkcoin (digital currency), 270–271

Debt: The First 5,000 Years (Graeber), 157, 179

decentralized systems/technology. See also Blockchain

  about Bitcoin ideology, 236

  Bitcoin comparison to gold, x

  building Bitcoin system, 55–56, 141, 292–294

  development of payment systems, 129, 133

  disadvantages of centralization, 113–114

  Internet as, 182

  Occupy Wall Street movement and, 111

  open source software and, 45–47

  P2P Foundation and, 30

  regulatory compliance, 269–270

  resolving problems, 195

  Silk Road and, 118

  trend toward centralization, 99–100, 347

Der-Yeghiayan, Jered, 246–248

DigiCash, 12, 19, 21, 23, 26, 158. See also Chaum, David

digital currency

  Anoncoin, 270–271

  Chinese potential, 260–261

  creation of early systems, 12–13

  Darkcoin, 271

  Finney experimentation, 5

  Greenspan prediction, 17

  Liberty Reserve, 218

  Mint Chip, 133

  Q coin, 257, 260–261, 268

DigitalInk (screen name). See George, Jacob

Dimon, Jamie, 303–306

Dixon, Chris, 181–182, 186, 294

Dodd, Nigel, 16

Donahoe, John, 262

Donald, James, 24

Draper, Tim, 353

Dread Pirate Roberts [DPR] (screen name), 118, 121, 168–169, 171, 213, 225, 227, 248. See also Ulbricht, Ross

drugs/drug trafficking. See Silk Road

eDonkey (file sharing website), 50–51

Ehrsam, Fred, 334–336. See also Coinbase (Bitcoin service)

Electronic Frontier Foundation, 80, 270

Eleuthria (screen name), 195

encryption technology, 8–12. See also Public-key cryptography

exchange-traded funds (ETF), 222, 250

Extropians, 11

Facebook, 145

Faiella, Robert (aka BTC King), 130, 138, 299

The Far Wilds (online game), 50–51

FBI. See U.S. Federal Bureau of Investigation

Federal Reserve. See U.S. Federal Reserve

Financial Crimes Enforcement Unit [FinCen] (Treasury Department), 138, 196–197, 201, 234–235, 266, 325

Financial Times, 262, 317

Finney, Fran, 3

Finney, Hal

  defense of Bitcoin system, 24–27

  introduction to Bitcoin, 3–8

  Lou Gehrig’s disease diagnosis, 27

  return to Bitcoin community, 59–60

  role in PGP, 10, 13

Finney, Jason, 27

FirstMark Capital, 144, 147–149, 176

Forbes, 80, 96

Fortress Investment Group, 180, 217–219, 252, 272–273. See also Briger, Pete

Founders Fund, 187, 211

4chan (hacker message board), 75

Freeman, Ian, 75–76

Free State Project, 107–110

Free Talk Live (radio program), 75–78, 108

Freis, James, 325

FriendlyChemist (screen name), 225–226

Gandalf (computer chip), 329

Garzik, Jeff, 83–84, 92, 99, 190, 196, 348

Gates, Bill, 353–355, 385n

Gawker (website), 83–84

George, Jacob (aka DigitalInk), 121

George Mason University, 80

Georgia, Republic of, 330

GitHub, 141

Goldman Sachs, 324–326

gold standard, x, 15–16, 31–32, 45, 109, 157–158

Gonzague, 312–315

Goodman, Leah McGrath, 319–324

Google, 101–103, 187, 248–249, 283, 304–305, 314–315, 334

Google Wallet, 101

government regulation/investigation

  arrest of Roger Ver, 77–78

  arrest of Ross Ulbricht, 170–171

  BitInstant, 222–224

  BTC China, 273–275

  Erik Voorhees, 224–225

  PGP and Zimmerman, 10

  virtual currencies, 66–67, 196–198, 235

Graeber, David, 157

Great Depression, 31

Great Recession, banking crisis of 2008, 32, 111

Green, Curtis (aka chronicpain), 116, 170–171, 225, 249, 332

Greenspan, Alan, 17

hackers/hacking

  Bitcoin vulnerability, xiv, 24, 154, 201, 215

  BitInstant penetration, 150

  message boards, 75

  Mt. Gox penetration, 67–69, 82–83, 90–96, 99, 114, 205–207

  ransom demands/payments, 82, 150, 169, 347–348

  Silk Road penetration, 168–169, 225, 248–251

  Target data breach, 288–289

  vulnerability of private information, xii, 19

Hanecz, Laszlo, 41–44, 48, 58, 189, 215

Hashcash, 17–22, 339, 348

hash functions, 22, 25–26, 41–42, 136, 359–362

Hearn, Mike, 80–81, 99–100, 101–103, 320

Hoffman, Reid, 181, 183, 291–293, 353

Horowitz, Ben, 192, 335. See also Andreessen Horowitz

Huang Xiaoyu, 255–256, 258

Hughes, Eric, 8, 11–12

Huobi (Chinese exchange), 285

Iceland, 330

India, 350

  WikiLeaks blockade, 57

Internet relay chat (IRC), 41, 54, 67, 196

Internet terrorism. See hackers/hacking

Jack B. Nimble, 69

Jiasule (Chinese security service), 261

Johnston, David, 204

JP Morgan Chase & Co., 202, 218, 303–306, 327

Juno Moneta (Roman god), 17

Kaminska, Izabella, 317

Karpeles, Mark. See also Mt. Gox (Bitcoin exchange)

  arrival at Mt. Gox, 65–68

  becoming Mt. Gox owner, 68–69

  control over Mt. Gox code, 99

  lack of management skill, 127–128, 233, 307–309

  marginalization in Bitcoin future, 331

  NYC Bitcoin Expo 2011, 103–105

  struggling with Mt. Gox growth and problems, 140–141, 200–201

  vacating Bitcoin Foundation seat, 345

Kodric, Nejc, 253

Kraken (Bitcoin exchange), 315

Krugman, Paul, 286

Kutscher, Ashton, 335

Kuzmin, Alexander, 135–136

La Nación (newspaper), 241

Larsen, Chris, 325–326

Lawsky, Benjamin, 225, 300–302, 304, 317

Lee, Bobby, 256, 261–265, 267, 273, 300, 343–345

Lee, Charlie, 100, 103, 105, 256, 283

Lemon Digital Wallet, 154, 160–162, 179–180, 242–244, 252, 261, 280–283, 351. See also Casares, Wences

Lenihan, Larry, 144, 176

Lerner, Sergio, 324

Levchin, Max, 185–186, 349, 353

Levine, John, 24–25

Liberty Reserve (online currency), 218

Liew, Jeremy, 300–301

Lilla, Mark, 111

Ling Kang, 268, 274–275

LinkedIn (networking site), 291–292

Litecoin, 256, 283, 286

Luria, Gil, 271–272

MagicalTux (screen name). See Karpeles, Mark

Magic: The Gathering Online Exchange. See Mt. Gox (Bitcoin exchange)

Magic: The Gathering (online game), 51, 77

Maguire Ventures, 149

Makan, Divesh, 293

Malka, Micky, 179–180, 201–203, 210–212, 236, 242, 252, 282–283

Malmi, Martti

  beginning connection to Bitcoin, 29–30, 200

  entry into Bitcoin operations, 33–39, 44–50

  exchange services and forums, 53–54

  making Silk Road work, 72, 84

  reduced role in Bitcoin, 58–60

  return to Bitcoin community, 348

  running Bitcoin website, 66, 80–82, 86

Marcus, David, 158–159, 181, 184–185, 201, 216, 281, 292, 349

Mark Twain Bank, 12

Maxwell, Gregory, 348

McCaleb, Jed

  creation of Ripple, 187, 325

  exclusion from Bitcoin Foundation, 139

  founding of Mt. Gox, 50–53

  handling Mt. Gox disputes and problems, 63–65

  Mt. Gox account hacked, 90, 94–95

  partnership with Mark Karpeles, 65–69

  2011 NYC Bitcoin Expo, 103–105

  2014 Bitcoin Pacifica (Lake Tahoe), 337

  views on political ideology, 112–113

meetups. See conferences (Bitcoin and others)

Memory Dealers, 78–79, 93, 126. See also Ver, Roger

Mercatus Center, 80

Miller, Ira, 137, 174, 176, 201

mining. See Bitcoin mining

Mint Chip (Canadian digital currency), 133

money/monetary systems

  about origins and determination of value, 15–17

  basis of market economy, 11

  Bitcoin as form of, 82, 286

  Bitcoin as replacement for gold, 182

  currency debasement, 30–31

  evolution of credit, 157

  gold standard, x, 15–16, 31–32, 45, 109, 157–158

  jokes on nature of, 146

money laundering

  Bank Secrecy Act enforcement, 196

  Bitcoin as form of, 84, 303

  investigation and arrests, ix, 224–225, 249, 266–267, 298

  PayPal investigation as, 186, 216

  regulatory compliance, 92, 203, 218

Mongolia, 330

Morehead, Dan

  gathering for Lake Tahoe poker game, viii, xii–xiii

  investment in Slovenian exchange, 236

  invited to work with Fortress, 217

  meeting for first Bitcoin Pacifica, 251–253

  meeting for second Bitcoin Pacifica, 337–342

  relocation out of Fortress offices, 342–343

Morton, Chris, 221–222

MS Haberdasher (screen name), 170

Mt. Gox (Bitcoin exchange)

  about the founding and growth, 50–54

  arrival of Mark Karpeles, 65–69

  contending with competitors, 97–102

  federal seizure of assets, 213–214

  government regulation, 66–67

  hacker vulnerability/penetration, 67–68, 82–83, 89–96

  management problems, 307–309

  plans for closure, 312–314

  reaction to collapse and bankruptcy, 314–316

  shutting down exchange, 193, 205–207

  trading disputes and problems, 63–65, 85–86, 199–207

  trading volume, 53, 79, 201, 203, 207, 209–210

  transaction malleability problem, 309–312

Murck, Patrick, 139–142, 176, 233–236, 265–267, 269, 302

Murdoch, James, 181

Murdoch, Rupert, 353

Murrone, Federico (“Fede”), 159–160, 201, 280–281, 349, 351

Musk, Elon, 187

MyBitcoin (online Bitcoin wallet), 98–99, 113–114, 237

Napster (music sharing service), 35, 50–51, 347

Nasdaq Stock Exchange, 222, 353

Nas (rapper), 335

National Security Agency (NSA), 8, 271

Nebseny, Val, 329–330

Nelson, Gareth, 129–130

NewLibertyStandard (screen name), 37–39, 41, 48, 69

Newsweek, 319–321, 324–325, 342, 347

New York, State of. See Government regulation/investigation

New York Times, 211, 293, 303, 365

“99 percenters.” See Occupy Wall Street movement

Niven, Larry, 7

Nixon, Richard, 31

nob (screen name), 121, 170–171, 332

Novogratz, Mike, 180

O’Brien, Eric, 210

Occupy Wall Street movement, xi–xii, 111–112, 140, 157, 287, 331, 336

OKCoin, 344

Olympic Summer Games (Beijing, 2008), 145

“1 percenters,” wealth distribution, 287, 336

Overstock (online retailer), 289–290

Ovitz, Michael, 183

Pantera Capital, 217, 343

Patagon, 162

Paul, Ron, 110–111

PayPal

  about founding, 185–187, 291–292

  acceptance of Bitcoin, xii, 261–262

  Bitcoin support from, 129, 158–159, 184–185, 192, 349

  buying/selling Bitcoin through, 38, 52–54, 110

  ransom demands and criminal use, 347–348

  restrictions by Argentina, 159–161

  shutting down Mt. Gox account, 64

  WikiLeaks blockade, 57

Paysius, 174

PC World, 57

People’s Bank of China, 273–275

Pidgin (chat service), 246

Pirate Party, 35, 333

Ponzi scheme, Bitcoin as, 220

pornography, 72, 112, 117, 126, 234

Powell, Jesse, 94–96, 103, 105, 127–128, 139, 252, 315, 337

Pretty Good Privacy (PGP), 10, 13

proof-of-work, 18–19

P2P Foundation, 30, 323–324

public-key cryptography, 9–10, 141, 185–186, 238, 248, 281, 320, 330

Q coin (Chinese virtual currency), 257, 260–261, 268

ransom demands/payments, 82, 150, 347–348

Reeves, Ben, 237–239

reusable proofs of work (RPOWs), 18–19

Reuters, 211

Ribbit Capital. See Malka, Micky

Ripple, 187, 325

redandwhite (screen name), 225–226, 245

Russia, 54, 135–136, 197

Sacks, David, 192

Salmon, Felix, 210–211

SatoshiDice (gambling site), viii, 136, 193, 224, 338

Satoshi Ltd., 174

Satoshi Nakamoto

  creation and promotion of “e-cash,” 5, 20–22

  disappearance/search for, xiv, 60–62, 80–81, 141

  participation in forums, 55–56, 58–59

  unearthing identity, 319–324, 339–340

Schumer, Charles, 84, 269

SecondMarket. See Barry Silbert

Shared Coin, 270

Shasky Calvery, Jennifer, 235, 266

Shrem, Charlie. See also BitInstant

  arrest by federal agents, 298–300

  background and founding of BitInstant, 128–130

  lack of management skill, 220–224

  marginalization in Bitcoin future, 331–334

  vacating Bitcoin Foundation seat, 345

Silbert, Barry, 143–144, 147–149, 217–218, 300, 303–304, 314, 325–326

Silicon Valley Bank, 203–204, 305–306

Silk Road

  additional resources, 368n

  BitInstant transactions, 129–130

  creation and business concept, 69–73

  as fringe group experiment, 335

  government investigation, 84–85, 121, 169–171, 213, 227–229, 298–300

  growth and success, 115–121, 137–138, 167–168

  growth in membership, 75–77, 82–84

  hacker penetration, 169, 225–226

  seizure by FBI, 245–253

Silk Road 2.0, 269–270

Sirius-M (screen name). See Malmi, Martti

Slashdot, 47–51, 53, 58

Snoop Dogg (rapper), 297

Snowden, Edward, 271

The Social Network (movie), 145

Songhurst, Charlie, 184, 292

Spain, 330

Spitzer, Elliot, 186

SpongeBob SquarePants stickers, 39, 69

Srinivasan, Balaji, 191–192, 294–295, 329

scout (screen name), 169, 246

silkroad (screen name), 73, 118. See also Ulbricht, Ross

Stephenson, Neal, 19, 252

Summer Olympics (Beijing, 2008), 145

SVBitcoin (email list), 204

Swap Variety Shop, 39

Szabo, Nick, 18–19, 338–341, 351

Taaki, Amir, 57–58

Tanona, Bill, 165, 180

Target Corporation, data breach, 288–289

taxes/taxation, 13, 126–127, 168, 219–220, 239–241, 287

Tea Party movement, xi–xii

TechCrunch, 214

Tencent (Chinese Internet company), 261, 284–285

Texas Bitcoin Association, 331–334

Thiel, Peter, 185–187, 192, 211, 291

Tibanne (cat), 66, 140, 200, 312

Tibanne Ltd., 68

Time (magazine), 79–80

Tor (software/network), 71–73, 120, 245, 369n

Transaction malleability, 309–310

Trickster (screen name). See Malmi, Martti

21e6 (mining company), 191–192, 294–295, 329

Two Bit Idiot (blogger), 315

Ukraine, 329–330

Ulbricht, Lyn, 331–332

Ulbricht, Ross. See also Silk Road

  about creation of Silk Road, 69–73

  arrest by federal agents, 246–251

  fundraising for legal defense, 331–332

  murder-for-hire accusations, 225–226, 332

  plans to go off-the-grid, 226–229

Underground Brokers (renamed Silk Road), 70. See also Silk Road

U.S. Central Intelligence Agency (CIA), 78, 81, 86–87

U.S. Department of Homeland Security (DHS), 121, 247

U.S. Department of Justice (DOJ), 186, 234, 266–267

U.S. Department of the Treasury. See Financial Crimes Enforcement Unit [FinCen]

U.S. Drug Enforcement Agency (DEA), 298

U.S. Federal Bureau of Investigation (FBI), 137–138, 227–228, 245, 247–251

U.S. Federal Deposit Insurance Corporation (FDIC), 114

U.S. Federal Reserve

  about role as U.S. central bank, 17, 23

  assessment of Bitcoin, 266–267, 289, 328

  function of gold standard, 31

  monetary policy, 80, 110–111

  technology, adaptation to, 132–133

  2008 big bank bailout, 32, 286

U.S. Government. See Government regulation/investigation

U.S. Internal Revenue Service (IRS), 248. See also Taxes/taxation

U.S. Marshals Service, 353

U.S. National Security Agency (NSA), 271, 342

U.S. Secret Service (USSS), 17, 266–267

U.S. Securities and Exchange Commission (SEC), ix, 224, 338

Variety Jones [vj] (screen name), 118–119, 228

Vaurum (Bitcoin company), 340–341

Vavilov, Val, 330

Ver, Roger. See also Memory Dealers

background and intro to Bitcoin, 77–80

  as Bitcoin spokesman, 214

  dealing with ransom demands, 348

  investment in BitInstant, 128–131, 175

  investment in Blockchain.info, 237–239, 252

  meeting Erik Voorhees, 107–110

  NYC Bitcoin Expo 2011, 103–105

  promotion of Bitcoin, 127–128, 294

  reaction to Mt. Gox collapse, 311, 314

  relocation to Japan, 125–126

  renouncing U.S. citizenship, 126, 169, 234, 330, 338

  responding to Mt. Gox hack, 92–96, 308

  size of Bitcoin holdings, 287

  2013 Argentina, Bitcoin meeting, 277

Vessenes, Peter, 138, 144, 200, 213, 233

Virtual money. See Digital currency

Voorhees, Erik

  introduction to Bitcoin, 107–110

  early vision/prediction about value, vii–ix, xi–xiii

  gathering for Lake Tahoe poker game, vii–viii

  joining BitInstant, 130–132, 135–137

  sale of SatoshiDice, viii, xv, 224

van Der Laan, Wladimir, 348

Wagner, Bruce, 102–104, 128

Walker, Paul, 325–326

Washington Post, 267

Wells Fargo Bank, 202, 219, 272–273, 287–288, 302

WikiLeaks, xi, 56–58, 66–67, 80

Wikipedia, 4, 45

Williams, Tom (possible pseudonym), 98

Wilson, Fred, 154, 182, 212, 300–301, 305

Winklevoss Capital, 149

Winklevoss, Tyler and Cameron

  backing BitInstant startup, ix, 144–149, 173–177, 201–202, 220–223, 297

  buying/selling Bitcoin, 180, 196, 250–251

  investment in Bitcoin, 211–215

  loan to Mt. Gox, 205

  Mt. Gox collapse, 312–314

  regulatory filing for COIN, 353

  testifying at government hearing, 300–302

Woo, David, 272

Woodside Bakery and Cafe, 291–293

World War II, 31

Wuille, Pieter, 348

Xapo, 281–282, 292–296, 305–306, 349–351, 353. See also Wences Casares

Yang Linke, 255–256, 258, 260

Yoda (computer chip), 329

Zimmerman, Phil, 10

Zuckerberg, Mark, 145, 176, 221, 291