Bitcoin

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

It Only Takes One Country to Convert to Bitcoins…

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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 own…

Roger Ver’s Fantastic Bitcoin Interview

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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.  

Bitcoin: Jem Bendell – The Money Myth

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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 and…

Questions For Krugman On His Latest Bitcoin Screed

Leave it to Paul Krugman to make the claim that a massive increase in a money’s value leads to hoarding, deflation, and depression. Krugman is a Keynesian economist who believes in a centrally planned monetary system in order to facilitate massive government interventions in the market place.  He was educated at MIT and won the Nobel…

National Intelligence University Academic Launches Attack Against Digital Currencies

Cody Monk of the National Intelligence University and The Naval Postgraduate School recently co-authored a paper entitled Shadowy Figures: Tracking Illicit Financial Transactions In The Murky World of Digital Currencies, Peer-to-Peer Networks, and Mobile Device Payments with John Vaillasenor (Brookings Institute) and Christopher Bronk (Baker Institute at Rice University). In the paper, the authors argue for massive government regulation and clandestine surveillance in…

A Picture History Of Fiat Money – Visualizing Your Doom

A picture is worth a thousands words, while fiat money is worth the paper it is printed on. View your future through images of the past.   Yugoslavia – 10 billion dinar, 1993: Zaire – 5 million zaires, 1992: Venezuela – 10,000 bolívares, 2002: Ukraine – 10,000 karbovantsiv, 1995: Turkey – 5 million lira, 1997:…