Bitcoin

Articles related to the peer-to-peer digital commodity/currency called Bitcoin.

TigerDirect Tops $1 Million in Total Bitcoin Sales

Coindesk reports: Florida-based online high-tech retailer TigerDirect passed $1m in total bitcoin sales on 13th March, less than two months after it began accepting the digital currency. TigerDirect began taking bitcoin on 23rd January, partnering with Georgia-based merchant processor BitPay, and has been active atincentivizing its budding bitcoin customer base. Steven Leeds, director of marketing at…

Cryptocurrency Auroracoin Given to Every Person in Iceland

Coindesk reports: A team of Icelandic cryptocurrency enthusiasts is gearing up to launch an altcoin designed specifically for the population of Iceland. Auroracoin is a litecoin-based digital currency, 50% of which is pre-mined. This is where it gets interesting: the pre-mined coins will be distributed to the entire populace of Iceland starting on 25th March. Each…

A Gold Backed Cryptocurrency? Not So Fast

A recent Yahoo Finance press release by NoFiatCoin claims that a new gold backed cryptocurrency has been created that can act as an alternative to bitcoin.  The article reads like a news article, but it is actually a self-promotional advertisement written by NoFiatCoin. The article reads, “Traded on the Ripple Network, this next generation cryptocurrency released…

Responses To Typical Anti-Bitcoin Goldbug Dogma

Brandon Smith recently authored an anti-bitcoin screed on Alt-Market.  You can read the article here.  In this article, I want to address each of the points Smith raises because I see these exact same arguments repeated over and over again by goldbugs the world over. To begin with, Smith obviously has a bias toward precious…

How Bitcoin is Reinventing The Monetary System: Q&A with Laissez Faire Books’ Jeffrey Tucker

“We’re talking about reinventing the world’s monetary system…from the ground up,” says Jeffrey Tucker, executive editor of Laissez Faire Books, and an enthusiastic proponent of the open source peer-to-peer currency system Bitcoin. After participating in a panel discussion on Bitcoin at Freedom Fest, Tucker sat down with Reason Magazine’s Matt Welch to explain why he…