Bitcoin

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

The Economics Of Bitcoin – Challenging Mises’ Regression Theorem

There has been a lot of outcry from the libertarian gold bug community over the Bitcoin monetary system, with some commentators even going so far as to produce feature length videos decrying the monetary system.  David Kramer writes on Lew Rockwell.com: What was Bitcoin’s prior material use/value? Zero. It is just bits in a computer. And what’s…

Man From The Future Shares His Story

MS:  Today I’m speaking with Dr. Hannes Alfven of the Tesla Electric Power Collective.  Dr. Alfven joins us from the future to discuss events that will soon be unfolding in our time.  Dr. Alfven please introduce us to yourself. HA:  I’m a plasma physicist from the year 2090.  I have a doctorate in electrical engineering…

Why Bitcoin Isn’t A Security Under Federal Securities Law

Georgia attorney John William Nelson explains why Bitcoins don’t meet the legal definition of a security under federal securities law; which therefore means they lie outside of the SEC’s ability to regulate and control them. A snippet of the full article: There are questions as to whether Bitcoin falls under the regulations of federal securities…

The Economics Of Bitcoin – Doug Casey Gets It Wrong

Doug Casey of Casey Research recently conducted an interview where he spoke about Bitcoins to Louis James, Editor of the International Speculator.  In the interview, Casey makes a few claims that had me yelling at my computer screen.  It is important to remember that Casey has a vested interest in promoting a gold standard.  His company, Casey…

Against The Gold Standard

After reflecting upon the recent articles I have written where I have defended the new peer-to-peer currency called Bitcoin from attacks by gold standard advocates, I feel it is time stop taking a defensive role and make a few offensive jabs at the much vaunted gold standard. In my articles I have spent a lot…

The Economics Of Bitcoin – How Bitcoins Act As Money

A video reading of this article can be found here. I’m going to start off with a simple example of how and why Bitcoins act as trade facilitators and move forward into comparing when more complex transactions take place.  Then I will analyze the properties of Bitcoins that make them act as facilitators of trade…