Articles related to the peer-to-peer digital commodity/currency called Bitcoin.
I have altered this Time Magazine article by replacing “North Korea” with “The Federal Reserve”, as well as some minor edits to maintain story continuity. This is a unique satirical work protected by the fair use clause. This work is public domain and may be reproduced without restrictions. David Wolman of Time Magazine writes: U.S. negotiators...
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Pay close attention to this ruling. It could be the beginning of a war on Bitcoin. Zero Hedge reports: The Long Arm Of Uncle Sam Just Got Longer This one’s hot off the presses. Just yesterday, our friends at the Financial Crimes Enforcement Network (FinCEN) issued a press release on its latest ruling related to foreign...
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The Business Insider reports: The Federal Reserve Open Market Committee (FOMC) has made it official: After its latest two day meeting, it announced its goal to devalue the dollar by 33 percent over the next 20 years. The debauch of the dollar will be even greater if the Fed exceeds its goal of a...
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Looks like the fascist looting class finally wised up about the threat Bitcoin poses to their monopoly privilege of debt/money creation. From BetaBeat.com: Established banks and payments processors are skittish about the cryptocurrency Bitcoin, it would seem, prompting Canadian e-payments service Paxum to drop its Bitcoin clients last week. Paxum, an e-commerce payments solution popular with adult web sites,...
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Catherine Flick is a researcher in technology ethics at Middlesex University. She recently did a research survey on the “morality” of Bitcoin as a currency and the “dual use dilemma”. You can hear her talk about the survey and her interpretation of the results here: The “dual use dilemma” as she puts it, is the...
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Ron Paul’s third place finish in Iowa is sure to dishearten many a libertarian tonight. However, we must keep in mind what is ultimately best for the world, not just America. Should Ron Paul actually go on to win the Republican candidacy, and then go on to win the Presidency, he just might be...
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I would like you to consider for a moment a hypothetical scenario. I would like you to consider what would happen if the citizenry of a small nation State decided to make Bitcoins their de facto national currency. Let us assume that Italy is kicked out of the Euro zone and returns to its...
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It is curious to me that so many libertarians are dead set against any form of currency other than gold when history has made it abundantly clear that a gold standard can not be maintained. Consider that as soon as gold is represented by paper (or digital account balances), all the checks against inflation...
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An awesome interview that covers all sorts of topics related to Bitcoin. Check out OKPay.com for a payment processing service that accepts Bitcoins and translates them directly into an e-wallet that can be accessed by a Master Card debit card anywhere in the world.
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Jem talks about the nature of money and how Bitcoins are revolutionizing the way we engage in trade with each other in this TED talk. Jem isn’t exactly an Austrian economist, but I find his speech to be compelling and important in a few ways. First, the crowd Jem is addressing are the movers...
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