Bitcoin

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

Fractional Reserve Banking With Bitcoins

I recently got into an argument over on the Reddit Bitcoin boards where I held the position that fractional reserve banking with Bitcoins was not possible.  I’ve repeatedly made this claim before due to the fact that I think no one would accept receipts for Bitcoins (bank notes) over actual Bitcoins.  However, the argument on…

Bitcoin: Crypto-Anarchism and the Digital Money Revolution

Article I authored on PolicyMic: Imagine if we lived in a world where your bank accounts could never be audited, seized or controlled by the state. Imagine if the currency system itself made organized theft impossible. In the future, I predict this is precisely how currency systems will operate. While this may sound like a…

Time: Quit the $100 Bill

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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 are…

Major Banks and Credit Cards Freaking Out Over Bitcoin – Shut Down TradeHill Exchange

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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, started working…

Iowa Aftermath – Ensuring the Empire Comes to an End

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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 effective…