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Posts published in August 2013

Silverbugs Guilty Until Proven Innocent

[heading]Silverbugs Guilty Until Proven Innocent[/heading] Looking for drugs, drug detection officers in Newcastle found something quite different on a 34-year old man they searched: a…

Update On Bitcoin Foundation Trip To Washington DC

[heading]Update On Bitcoin Foundation Trip To Washington DC[/heading] The pleasant thing about Bitcoin, perhaps the most important, is its’ ability to bring people together across…

Mathew 13:12, Bitcoin Style: The Rich Get Richer

[heading]Mathew 13:12, Bitcoin Style: The Rich Get Richer[/heading] The rich are only getting richer in Bitcoin, as the Mathew effect is clearly demonstrated via the…

Bitcoinomics Chapter 18: Conclusion

[heading]Bitcoinomics Chapter 18: Conclusion[/heading] As Trace Mayer points out, if Bitcoin enjoys the same success as Skype, then it will become a 8 billion dollar…

Bitcoin Vs. Fiat’s Best: The Norwegian Kroner

[heading]Bitcoin Vs. Fiat’s Best: The Norwegian Kroner[/heading] A “safe” fiat currency? There can be no such thing… Or can there? First of all, a nation’s…

1 Big Reason September Could Be Silver’s Month

[heading]1 Big Reason September Could Be Silver’s Month[/heading] Silver has corrected since its’ 2011 high of nearly $50 an ounce. At that point, “49ers” ran…

Big Banks Prepare To Exit Physical Commodities

[heading]Big Banks Prepare To Exit Physical Commodities[/heading] JPMorgan made headlines last month with an astonishing announcement that it would be getting out of physical commodities.…

Bitcoinomics, Chapter 13: Hacking Bitcoin

[heading]Hacking Bitcoin[/heading] In the Bitcoin network’s transaction database, the original entry has a note by Nakamoto that reads as:  “The Times 03/Jan/2009 Chancellor on brink…

5 Reasons Why Bitcoin Is Not Anonymous

[heading]5 Reasons Why Bitcoin Is Not Anonymous[/heading] Last Monday the DHS was sent a letter from the US Senate Committee on Homeland Security and Governmental…

Bitcoinomics, Chapter 12: Bitcoin Mining

[heading]Bitcoinomics, Chapter 12: Bitcoin Mining[/heading] “I am pretty confident we are the new wealthy elite, gentlemen.” – Atlas

Germany Recognizes Bitcoin As “Private Money”

[heading]Germany Recognizes Bitcoin As “Private Money”[/heading] Is Bitcoin legitimate? Is Bitcoin illegitimate? This is something for individuals to decide, not countries. But, what does it…

Bitcoinomics, Chap. 10: Bitcoin Uses

[heading]Bitcoinomics, Chap. 10: Bitcoin Uses[/heading] “Right now Bitcoin feels like the Internet before the browser.” – Wences Casares, Technology Entrepreneur

Bitcoin To Replace Pennies & Nickels?

[heading]Bitcoin To Replace Pennies & Nickels?[/heading] In this month’s edition of Futurist magazine, an article asked experts what they did not expect to be around…

Bitcoinomics, Chap. 9: Responsibility & Bitcoin

[heading]Bitcoinomics: Responsibility and Bitcoin[/heading] “There are 3 eras of currency: Commodity based, politically based, and now, math based.” –  Chris Dixon, Technology Investor 

Facebook Entering PayPal’s Payment Processing Turf

[heading]Facebook Entering PayPal’s Payment Processing Turf[/heading] With Facebook looking at PayPal as possible new competition, the social media behemoth is look beyond the obvious solution…

A Silver Lining In Golden Opportunities?

[heading]A Silver Lining In Golden Opportunities?[/heading]   “Bulls don’t read. Bears read financial history. As markets fall to bits, the bears dust off the Dutch…

Bitcoinomics, Chap. 8: Using Bitcoin In Business

[heading]Bitcoinomics, Chap. 8 Using Bitcoin In Business[/heading] “[Bitcoin is] very attractive to the libertarian viewpoint if we can explain it properly. I’m better with code…

Bitcoinomics, Chapter 7: Getting Started With Bitcoin

[heading]Bitcoinomics, Chapter 7: Getting Started With Bitcoin[/heading] “Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. But I…

5 Things Silverbugs Could Learn From Bitcoiners

[heading]5 Things Silverbugs Could Learn From Bitcoiners[/heading] Amongst goldbugs and silverbugs there was at first a deep-seated skepticism of Bitcoin. A virtual currency? Backed by…

Bitcoinomics, Chapter 6: The Bitcoin Market

[heading]Bitcoinomics, Chapter 6: The Market[/heading] “I am getting less and less sympathetic to individuals who refuse to upgrade their payment methods.” – Trace Mayer 

Could Gold Still Hit $1,600 By Year’s End?

[heading]Could Gold Still Hit $1,600 By Year’s End[/heading] More and more people all the time are allocating increasing amounts of their financial portfolios into precious…

Bitcoinomics, Chapter 5: Bitcoin Fundamentals

[heading]Bitcoinomics, Chapter 5: Bitcoin Fundamentals[/heading] “It seems to me that simple altruism can suffice to keep the > network running properly.” – Satoshi Nakamoto

Bitcoinomics Chapter 4, Historical Precedents For Bitcoin

[heading]Bitcoinomics Chapter 4, Historical Precedents For Bitcoin[/heading] “A new scientific truth does not triumph by convincing opponents and making them see the light, but rather…

Bitcoinomics, Chapter 3: What is Bitcoin?

[heading]3. What is Bitcoin?[/heading] “Yes, [we will not find a solution to political problems in cryptography,] but we can win a major battle in the…

Bitcoinomics, Chapter 2: Who Is Bitcoin?

2. Who is Bitcoin? “Can you bootstrap a currency when it’s doing this crazy price fluctuation thing as people become interested and then become not…

Bitcoin Book

Bitcoin Book

The Timely New Science Of Spending: Experiences>Commodities

[heading]The Timely New Science of Spending: Experiences>Commodities[/heading] Former Regulatory Czar for President Obama urges YOU to vacation. Wait…what? In a new article, the Havard professor…

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