[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 because its opponents eventually die, and a new generation grows up that is familiar with it.” – Max Planck Read More
[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 arms race and gain a new territory of freedom for several years. Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.” – Satoshi Nakamoto Read More
A dollar near its seven month low, and still precious metals – namely gold and silver – are wet rags.
The consternation of silver investors who went all-in whilst silver was 1000% since 2005 is tangible when the market sits at an all-time high and silver is the years’ worst performer. Read More
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 interested? That’s an open question, … I don’t know if we have any baby currencies we can point to and say, ‘This is the model you should follow’ or ‘This is the model that worked.’ Definitely experimenting here.” – Gavin Andresen Read More
[heading]FBI Investigation Of Mysterious Trading Turns Up Holes In System Protecting Economic Data[/heading]
The avenues to trade on inside information are a multifarious set to choose from.
Wherever you turn, if you have the right connections, a whirlwind of classified data go across the desks of those with whom you have the chance to schmooze, either with camaraderie or bribes. Read More
[heading]The Timely New Science of Spending: Experiences>Commodities[/heading]
Former Regulatory Czar for President Obama urges YOU to vacation.
In a new article, the Havard professor and former Regulator Czar Cass Sunstein lays out why experiences, in some ways, are actually more tangible than commodities. Read More
[heading]What Three Things Do Rich People Wish They Did More Of?[/heading]
You’re keeping up with the Joneses. Or, rather, you’re trying to keep up with the Joneses.
But, it’s tough. What are their secrets? How did they get so rich? More importantly, how did they get rich and stay rich? For many, staying rich proves to be an even harder task than accumulating wealth in the first place. Read More
This just in? Ben Bernanke DOES NOT control the gold price. But…that does not mean supply/demand does either…
The World Gold Council has posited in a research paper entitled “Gold and the US interest rates: a reality check” that perhaps Ben Bernanke does not hold as much sway over the gold price as many believe. Read More
[heading]Silver Membranes Of The Future: Electronics, Solar & Buying Silver In The Future[/heading]
The silver market is metastasizing in myriad ways daily in this vibrant day-and-age. With such a vibrant way of life today, there is no wonder that a metal that has been considered money throughout history AND functions as a basis for technological progress has caught the imagination of so many. Read More