Month: September 2013

The NSA In Hollywood Films

The revelations brought forth by Edward Snowden shook the world. But should they have? What follows are many movie clips featuring the truth about the NSA, including Good Will Hunting, Enemy of the State and even The Simpsons movie.

What’s clear is that for more than a couple of decades, Hollywood has been ahead of mainstream media, showing us the power of the NSA before our very eyes. Read More

Visa/MasterCard Will Prevail In US Over Bitcoin Despite “Swipe Fees”…For Now

[heading]Visa/MasterCard Will Prevail In US Over Bitcoin Despite “Swipe Fees”…For Now[/heading]

I spend a lot of time thinking about in which frontier markets Bitcoin is going to explode and really change the game of value. What grand equation can I concoct in favor of Bitcoin’s success somewhere? Not that I am trying to make things up as I go, I am just trying to be hip. But, I thought about something Wendy McElroy from The Dollar Vigilante wrote recently:

 Simplify, simplify.” — Henry David Thoreau

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The Illusion Of Tangible Assets

[heading]The Illusion Of Tangible Assets[/heading]

Gold and silver investors have taken issue with Bitcoin, claiming that it is not a tangible asset, like gold and silver.

Their hypothesis is usually stooped in the notion that anything is truly “physical” as we perceive it in the first place. What if, counter-intuitively, the entire universe was composed of 0’s and 1’s itself? What if the universe was digital? Wouldn’t that mean that gold, silver, platinum and palladium are all, in fact, digital as well? Read More

California Dreamin’: California’s Unemployed Getting Hungry After One Month Without Benefits

[heading]California Dreamin’: California’s Unemployed Getting Hungry After One Month Without Benefits[/heading]

“In a sluggish economy, never, ever f*** with another man’s livelihood.” – Guido, the “killer pimp” in the movie “Risky Business.”

“California Dreamin'” might come to mean hunger-induced hallucinations as 80,000 jobless Californians remain cut off from their unemployment benefits. The problem has been going on for one-month-and-a-half, but really escalated after September 1. Read More

Staggering Demand For Austrian Silver Philharmonic Since April 2013, Says Mint Director

[heading]Staggering Demand For Austrian Silver Philharmonic Since April 2013, Says Mint Director[/heading]

Bullion dealers gravitate to the American Silver Eagle because it is guaranteed by the US government, but there are other options the bullion investor enjoys when it comes to government issued silver, like the Austrian Philharmonic, which for practical purposes is the American Silver Eagle’s counterpart in Europe. Read More

Payment Gateways 2013: What Options Does a Business Have?

[heading]Payment Gateways 2013: What Options Does a Business Have?[/heading]

Although Bitcoin has stolen headlines in 2013 as far as online payments is concerned, it is hardly the only option. Instead, consumers are the winners in the highly competitive market of online payments. Especially since the emergence of decentralized currencies, online payment processing – once thought to be the domain of PayPal – is a colorful world.  Here is a basic primer of online payments. Read More

South Park’s Prescient Prediction: Bitcoin & The Digital Distribution Of Media

[heading]South Park’s Prescient Prediction: Bitcoin & The Digital Distribution Of Media[/heading]

In the 2008 South Park episode “Canada On Strike,” South Park character Kyle conjectures that, back then, we were still a few years away from when digital distribution of media on the Internet would be developed to a point where traditional means were no longer needed.  The clip is called “The Promise of Future Revenue.”

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Why I Donated Bitcoin To The Acapulco Recovery Fund

[heading]Why I Donated Bitcoin To The Acapulco Recovery Fund[/heading]

By: Justin

When The Dollar Vigilante Jeff Berwick setup a fund to help Acapulco recover from a recent flood-disaster in which eastern regions of the historic city were badly damaged, if not nearly destroyed, I felt implored to send a little bit of my digital cash reserves to aid in the effort. I wasn’t the only one.

I had been chewing on the notion as of late that, in a peer-to-peer economy, such as what Bitcoin represents, the users themselves represented the “social safety net.” Read More

Small Business Owners Speak Up: What Will It Take For Them To Accept Bitcoin?

[heading]Small Business Owners Speak Up: What Will It Take For Them To Accept Bitcoin[/heading]

BitPay recently announced their 10,000th merchant. Some reports posit the Bitcoin payment processor is growing faster than Bitcoin itself.

According to the press release, “The merchants in BitPay’s directory are diverse internationally, with approximately 50% located in North America, 25% in Europe, and 25% in the rest of the world.”


GoldSilverBitcoin recently interviewed small business owners who have yet to take the leap into the deep-end and accept Bitcoin full-time.

What we got were varied answers. There was one somewhat common theme: vendors who simply hadn’t heard of processors like BitPay or CoinBase, which allow small businesses to convert their bitcoins to cash within a few business days. Many small business owners worried about their company’s cash-flow, first and foremost. Others worried about reputation, and the reputation Bitcoin brings. Read More

American Silver Eagles Second Highest Sales Yearly

[heading]American Silver Eagles Second Highest Sales Yearly[/heading]

This past Monday, 675,000 Silver Eagles were purchased, marking one more milestone as their total this year sold has hit 34,925,000. Annual sales rankings for the bullion coins sees 2013 in second place all-time. Here are the top five annual sales years, and further information by CoinNews: Read More

RCM’s MintChip Goes Where (No Government) Has Travelled Heretofore

[heading]RCM’s MintChip Goes Where (No Government) Has Travelled Heretofore[/heading]

Fiat is getting an Information Age-style upgrade by the Royal Canadian MInt. And I can hear Alex Jones now (in my own head):

“You see what has happened is Bitcoin has caused the Powers That Be to move even quicker in their agenda to roll out a global digital fiat currency, and they’re doing it from Canada, with their songs and their queens and their ‘we’re so liberal and caring’ reputation and it will spread across the entire commonwealth, and then to Europe, then Japan and China and then the US, and then all the sudden when I go to the grocery store, I am paying in the queen’s money! Full Circle! Red Alert!! Red Alert!!! Full Circle!!”

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GSBTC With Trace Mayer

You might know Trace from his work on Run To Gold. Or, you might know Trace from his work with How To Vanish. More recently, he has made waves by investing pre-Peter Thiel in BitPay, and now in Armory. We sit down now with Trace and discuss his recent investments, the Bitcoin ecosystem, MintChip and the general information age specifics with which bitcoiners concern themselves. Read More

“Ben Bernanke? Oh yeah, that bearded Jewish Guy. What’s He Do?” or The Stage That Is Economic Policy

[heading]”Ben Bernanke? Oh yeah, that bearded Jewish Guy. What’s He Do?” or The Stage That Is Economic Policy[/heading]

By: Justin

Ben Bernanke spoke today. If you don’t know who Ben Bernanke is, he is the Fed Chairman. What’s that? That’s what Alan Greenspan was before him. Yeah, we’ll get a new one soon.

When Benny & his jets (colloquial reference to his money-printing habits) speaks, the market listens.

What does it mean when the market listens?

It means that everyone gathers around television cameras and pundit typewriters and yells or types really loud and eventually certain screams and typing become louder (EVEN ALL CAPS). And then the robots take over. Read More

Sunbathing in China: China’s Big Announcement And Its Staggering Implications for Silver Demand

[heading]Sunbathing in China: China’s Big Announcement And Its Staggering Implications for Silver Demand[/heading]

By: Justin

China’s most recent goals for a green energy future have BIG implications for the price of silver, and the markets just totally ignored it. China has raised its target for solar generating capacity to more than 35 gigawatts (GW) by 2015, a stunning increase of 67% above the prior target. Read More

The Ledger Oligarchy: Bitcoin’s NWO

[heading]The Ledger Oligarchy: Bitcoin’s NWO[/heading]

By: Justin

“Trout, incidentally, had written a book about a money tree. It had twenty-dollar bills for leaves. Its flowers were government bonds. Its fruit was diamonds. It attracted human beings who killed each other around the roots and made very good fertilizer.” Slaughterhouse 5, Kurt Vonnegut

It is the year 3030. Bitcoin is dominated by few hands: The Rockefellers, the Rothschilds, the Carnegies, Warburg’s & Nakamoto, according to YouTube. Read More