Category Archive : Bitcoin

GoldSilver.Com Is Now Accepting Bitcoin

Screen Shot 2015-01-25 at 3.52.08 PM

As is made clear in the above announcement, GoldSilver, owned by well-known sound money proponent Mike Maloney, has begun accepting Bitcoin for gold and silver. While not the first bitcoin-to-bullion vendor, GoldSilver’s Maloney has made it clear he supports Bitcoin. He was brought to the coin very much the same way many other precious metals investors were – via Trace Mayer.

It’s not only Mike Maloney accepting Bitcoin now, but also Peter Schiff, who also recently began accepting Bitcoin for gold and silver.

Mike Maloney is perhaps best known for his popular YouTube series, The Hidden Secrets Of Money. For that series, click here.

 

TDV’s Jeff Berwick: “A lot of people see a major future for bitcoin.”

When did you first hear of Bitcoin and what did you think about it?

JB: I first heard about it in early 2011 from a Dollar Vigilante subscriber, Jeremy Bernal.  I posted an interview with him here in May 2011.  I met Jeremy at Doug Casey’s La Estancia de Cafayate in Argentina over a glass of torontes near a fireplace and was very interested as I had never heard of it before.  I began to follow it near $3 and after interviewing him I then went on to talk more with another person I met in Cafayate, Trace Mayer in 2012. Read More

A Discussion On Bitcoin With Roger Ver

Roger Ver is among the best known bitcoiners, with investments in core bitcoin startups such as, BitPay, Ripple, Blockchain and others. Roger has tirelessly championed the financial and technological uses for Bitcoin and their applications to modern life. Part entrepreneur, part philosopher Roger can be seen globetrotting to various Bitcoin conferences and gatherings. He has served as full time CEO of MemoryDealers.com. Having discovered Bitcoin in early 2011, Roger became convinced it was “the most important invention in the history of the world since the internet.” Read More

A Bitcoin Creator Has Died And He Hopes To See You In The Future

Everybody wants to know who Satoshi Nakamoto is, but why? After all, 70%, if not more, of all bitcoin code has been re-written since his first version of Bitcoin came online. Moreover, many of the people who helped Satoshi re-write the code have been open about their contribution. And in the spirit of open-source, all these individuals are “the creator of bitcoin.” Read More

Google Searches For Bitcoin Have Risen 38% In December

It seems that interest in Google has spiked recently, which comes as no surprise due to Microsoft’s recent announcement they would be accepting the digital currency. Read More

Will Bitcoin Be Treated Like Online Piracy?

Banks are aware of Bitcoin. One CEO doesn’t think it is long for this world.

Bitcoin developers “are going to try and eat our lunch,” Jamie Dimon, chairman and CEO of JPMorgan Chase said last week. “And that’s fine. That’s called competition, and we’ll be competing.”

Dimon sees the point in Bitcoin.  But there are some problems he sees on the horizon.

“I agree with real-time digitization,” Dimon agreed. “The issue I have with Bitcoin is that it’s not about the technology, it’s about governments. When people form nations, one of the first things they do is form a currency. Are regulators and governments really going to foster Bitcoin over a long period of time? I think the answer is no.Read More

Does The Dictionary Foretell Our Monetary Future?

Google is known as a massive technology company. Best known for its Search, Adwords, Adsense, Analytics, Google Books, Google News, YouTube, Google Voice, Google Maps and other products and services, something Google is not known for is financial advice, but that might be changing.

Check out this definition:

Read More

Bitcoin, Gold & Silver Liquidated For Alibaba?

Alibaba Group had a huge debut with its shares beginning to trade at $92.70, up over 36% from its IPO price of $68.  That increase on the New York Stock Exchange raised the company’s total market value from $168 billion to over $220 billion. Alibaba had raised $21.8 billion in its hotly anticipated IPO, the largest in US history, dwarfing Facebook Inc’s IPO.

The price of bitcoin has fallen from its $513 price of one month ago to as low as $381.17 on Friday. This week alone the crypto-asset fell from $513 to $381. Read More

Provident Metals Now Accepts Bitcoin

Provident Metals, a well-known gold and silver bullion dealer,  announced that they would start accepting cryptocurrencies for payment for coins, bars and even survival supplies in 2014.  The firm began by accepting Bitcoin, Dogecoin & Litecoin.

Provident Metals began August 25 2014 accepting Bitcoin, Dogecoin and Litecoin for payment on all gold and silver bullion and other products available at ProvidentMetals.com.

“The value of cryptocurrencies and precious metals are market driven, and they both appeal to forward-thinking investors,” said Provident Metals CEO Joe Merrick of the decision. “This integration was logical because many of our customers are proponents of alternative currency, and it’s our job to respond to their needs.”

ProvidentMetals claims one main reason why they chose to accept cryptocurrencies is because of customer requests. The requests increased after Provident began sponsoring NASCAR driver Josh Wise, who is sponsored by Dogecoin.

In fact, customer requests played a large part in the decision to accept cryptocurrencies, particularly after Provident began sponsoring NASCAR driver Josh Wise, who is also sponsored by Dogecoin.

Provident Metals COO Jake Haugen, said that Dogecoin community led the company to take the dive… “… it was time for us to recognize the effect cryptocurrencies are having on the marketplace.”

“Our goal is to provide our customers with new and progressive payment options that work to their advantage.” Haugen said.

According to Provident Metals’ website:

Provident Metals is a leading dealer of gold and silver bullion as well as other investment grade precious metals, along with a growing selection of food storage and other survival goods. The bullion dealer is also a proud NASCAR co-sponsor with Dogecoin. Provident Metals customers enjoy access to a secure online ordering system, or can call (800) 313-3315 weekdays between 8 a.m. and 6 p.m. CST. Visit http://www.providentmetals.com/ for more information.

Did The NSA Design Bitcoin? A Look At What’s Known

A common hypothesis submitted by members of the bitcoin community argues that the National Security Agency (NSA), or some other government alphabet agency, invented bitcoin. Many bitcoiners laugh this suggestion off as “impossible,” but, on the contrary, there is precedent for such an assertion. But, that doesn’t make it true… Read More

eBay, PayPal, Apple & Dish Approve Of Bitcoin. Is Google Next?

Bitcoin has proven itself as an established payments system, with some of the world’s most influential people commenting on its utility and innovation. Stephen Colbert called it “gold for nerds,” and Joe Rogan has been fascinated by the technology, having Andreas Antonopoulos on as a guest to the Joe Rogan Experience twice now. Some political figures have expressed concerns over the currency’s potential non-crime of “money laundering”, but overall the sentiment has focused on the technology and its goundbreaking nature. And so its really no surprise that many companies have adopted bitcoin. Bitcoin has now surpassed Western Union in total transaction volume and looks set to pass Paypal this year.

Read More

Why I’m A Bitcoiner

When I begin telling somebody I am a bitcoiner, sometimes their eyes glaze over in the same way eyes would glaze over when I began a sales pitch. But they’re mistaken. I am not selling bitcoin, I am promoting an alternative way of living, doing business. At one point I too was in their shoes.

Maybe it is in my blood to yearn for change, maybe the grass is always greener on the other side. If one thing is for sure, I don’t see bitcoin as a viable medium of exchange and beyond simply because I have personally invested time into understanding it. It’s usefulness was made clear to me, by another digital native, and I soon understood that many of the world’s problems could be solved with a technology like bitcoin. It doesn’t matter that bitcoin’s price might go to unexpected heights. That award for those who sought change is merely an afterthought when placed in the perspective that distributed currencies make central banking obsolete. Read More

US Marshal’s Auction Off Silk Road Seized Coins

[heading]US Marshal’s Auction Off Silk Road Seized Coins[/heading]

The US Marshals announced this week that they will be auctioning off almost 30,000 bitcoins that were seized in the Silk Road raid, but not those from the computer of Ross William Ulbrecht, allegedly known among Silk Road users as “Dread Pirate Roberts.” The coins are worth altogether nearly $18 million USD.

Reddit user “ozme” posted the link to the online notice Thursday afternoon, and another user noticed before that the FBI had moved from one bitcoin wallet to another.

The 29,658.80613651 bitcoins located in an online wallet have been monitored by bitcoiners via the Blockchain public ledger. Read More

Gold Mine For Sale In Bitcoin

[heading]Gold Mine For Sale In Bitcoin[/heading]

One gold miner is selling his gold mine, but don’t offer him Federal Reserve Notes – he prefers bitcoin…

An unknown parent company of a Yukon, Canada, gold mine is for sale on high-end bitcoin-specific marketplace BitPremier for the asking price of $2m in BTC, potentially the highest priced bitcoin sale ever on record.

The price tag for the gold mine is more than 3,000BTC. This price includes the gold mine itself, all its associated assets, including $1 million worth of actual mining equipment, the rights to one mining property and the lease agreement to a seperate mining lot. Read More

Will The ECB Negative Interest Rate Decision Affect Bitcoin?

[heading]Will The ECB Negative Interest Rate Decision Affect Bitcoin?[/heading]

In a historical decision the European Central Bank (ECB) has lowered interest rates into negative territory, something that will surely heighten the pro-European/anti-European tensions seemingly cropping up throughout the region. The decision resulted in a bitcoin price change, leaving many curious if bitcoin will act like a commodity in the future. Read More

The Home Of Central Banking Embraces Bitcoin

[heading]The Home Of Central Banking Embraces Bitcoin[/heading]

The Netherlands, and specifically Amsterdam, has, in recent history, been known for its marijuana culture. But now, the birthplace of the world’s first stock exchange and central bank, is becoming home to banks with an open mind about bitcoin.

Big banks in China and the US are avoiding bitcoin ventures, although some of hinted otherwise. Dutch banks, contrarily, are embracing bitcoiners as potential customers. National regulators are not cracking down on bitcoiners like in other nations and bitcoiners are noticing. Major bitcoin startups from around the world are setting up shop in Amsterdam.

For those interested in the history of central banking, the Netherlands’ interest in bitcoin is underscored by that it is home to the world’s first central bank – the Bank of Amsterdam. Found in 1609, the bank was the first public bank to offer accounts not directly convertible to coin as a response to the chaotic economic environment of the time.

According to Mark Buitenhek, ING Groep NV (INGA)’s global head of transaction services, “customers want change, and that change could be bitcoin.”

“We are very expressly looking at what it is, what it can do and, mostly, what the message behind it is,” Buitenhek said at a conference. “And that tells us: Banks, take action.” ING is the Netherland’s largest bank by total assets.

Dutch regulators, like many nation-states, have warned about the risks of using bitcoins. But the authorities in the Netherlands have also looked into the crypto-currencies potential.

Amsterdam_canal

“They are willing to let this technological experiment unfold,” Jeroen Blokland said in an interview. At the same time, authorities are warning anyone who wants to use it as an investment to “be careful, be very careful.”

Bitcoin businesses are choosing Amsterdam over Europe’s more traditional tech hot spots like London and Berlin. BitPay, based in Atlanta, Georgia, has opened an office in the Netherlands, while BitFury, a startup that manufactures equipment for the bitcoin network, plans on basing major operations in Netherlands as well.

The Netherlands is home to about 5 percent of all bitcoin “nodes” – a source of computing power for the network that authenticates transactions. This is not far behind rates for Germany, Britain, Canada and France, and is more than China. The original bitcoin client software – Bitcoin QT – has been downloaded in the Netherlands nearly 130,000 times, one of the highest rates in the world on a per-capita basis.

Kim Gunnik, a policy officer for innovation and cybersecurity at the Dutch central bank, said the regulator believes companies could “learn something from virtual currencies” like bitcoin.

“Technological innovations in the financial industry and in payment traffic can entail huge opportunities and large benefits for society,” Gunnink said.

The central bank downplayed the notions that bitcoin could replace legal tender – the euro –  in an official statement on virtual currencies on May 8.

ABN Amro is one bank that has taken the bitcoin community aboard. Paul Iske, head of the bank’s innovation center, said virtual currencies are “to some extent a Black Swan.”

“We’re not excluding them,” and the bank will assess each proposition separately, he said. “That’s the kind of bank we want to be.”

Bitcoin enthusiasts nonetheless face resistance in the Netherlands, as the country is already part of a European payment system, and banks power a popular and cheap online direct-debiting system.

“The Netherlands is among the absolute front runners,” ING’s Buitenhek said. “I think we will be and remain pioneers, just as bitcoin is rising very rapidly here compared to other countries.”

Bitcoin Boulevard

Amsterdam is even home to a “Bitcoin Boulevard.” That’s right. At 17:57 on March 20th – the start of spring in the Netherlands – all of the businesses along two canada-side streets in the city center began accepting bitcoin; that is, nine restaurants and one art gallery.

Unofficially the two streets running along the canal – Bierkade and Groenewegje – will also change their name to ‘Bitcoin Boulevard’.

Of the restaurants accepting bitcoin, one is a beer hall with more than 160 beers, one’s a cafe and one’s a vegetarian restaurant.  The M Restaurant will also be holding a daily bitcoin ‘happy hour’, when all guests paying with the digital currency receive a discount.

The street has celebrated two successful months.

Bitcoin is a harbor in the current global economic storm. People who learn about the technology will have an inside look at the future, and can live well by being on top of their stuff.

Justin O’Connell is the CEO of GoldSilverBitcoin, Head Researcher at Dollar Vigilante, author of  Bitcoinomics as well as a co-host at Our Very Own Special Show, a lifestyle podcast about music, news, life and other topics.

Young People Would Rather Bank With Google Or Amazon Than Big Banks

[heading]Young People Would Rather Bank With Google Or Amazon Than Big Banks[/heading]

Originally appeared at Ounce.Me – the home of the Pizza/BTC ratio

While people would traditionally go in and meet face-to-face with a bank teller, as we’ve all done, there’s a new gig in town: self-checkout.

Today, lines are forming for self-checkout banking. Only this process is much easier than the self-checkout of the grocery store because it’s online. And it’s not just bitcoin that is attempting to get the job done.

Young people are gravitating towards a world in which the bank-tellers chair behind the glass is vacant, meaning no need for actual bank branches. As Buzzfeed’s Matt Zeitlin states, “more Minority Report than It’s A Wonderful Life.” Read More

Bilderberger Speaks Out, Bitcoin NOT Discussed At Historic Meeting

[heading]Bilderberger Speaks Out, Bitcoin NOT Discussed At Historic Meeting[/heading]

This year’s Bilderberg meeting has come to an end, and this, the sixtieth anniversary of the first Bilderberg meeting was historical. A lot of the footage was caught by Julia Tourianski of Brave The World. It seems that the head of Parliament in the Netherlands, Diederik Samson, served as the first ever face of Bilderberg.

What sentences fell from Samson’s lips? Some interesting ones, some entertaining ones, some predictable ones. There will likely be many videos floating around on YouTube of Mr. Samson, and he knew this would soon be the case. I highly recommend you watch them if you’re interested in modern history, especially Julia’s video, posted below. Read More

What Bilderberg’s 2014 Attendees Think About Bitcoin

[heading]What Bilderberg’s 2014 Attendees Think About Bitcoin[/heading]

Every year top names from industry, finance, academia and media gather in some of the world’s most beautiful locales to discuss world events. Since the meeting keeps its discussions private, individuals have concluded that the meeting is geared towards power consolidation on the planetary scale. Others defend Bilderberg as a mere confab of individuals who discuss the role they can play in making the world a more peaceful place.  The key topics for discussion this year include:

• Is the economic recovery sustainable?
• Who will pay for the demographics?
• Does privacy exist?
• How special is the relationship in intelligence sharing?
Big shifts in technology and jobs
• The future of democracy and the middle class trap
• China’s political and economic outlook
• The new architecture of the Middle East
• Ukraine
• What next for Europe?
• Current events Read More

Peter Schiff’s Euro Pacific Precious Metals Accepts Bitcoin

Peter Schiff’s Euro Pacific Precious Metals has begun to accept Bitcoin transactions, not because Peter Schiff likes Bitcoin per sae, but because it is a great opportunity to give Bitcoiners an avenue to divest themselves from their Bitcoin holdings.

“Bitcoin offers tremendous benefits as a medium of exchange for both our domestic and international customers. A wire transfer of fiat funds can be slow and expensive for the customer, and credit card fees are too high to absorb at the low premiums we offer,” said Michael Finger, Director of Marketing at Euro Pacific Precious Metals. “Not only does BitPay’s service make business sense, but we are excited about giving owners of bitcoin the opportunity to inexpensively and reliably convert any excess holdings into precious metals rather than back to fiat currency.” Read More

A Bitcoiner’s Response To Thomas Piketty’s Capital In The 21st Century

Originally Appeared @ Bitcoinomics

Piketty is a new rockstar in the Keynesian and Marxist economic world. In the best-seller Capital in the Twenty-First Century, which is an onslaught of data, he comes across as an old-school economics professor. His seemingly 1960s influenced episteme finds a welcoming home in modern academia, while his centralized ideas of global economic management reveal him to be a ghost from the 20th century, an obsolete economist ignorant of 21st century economic tools. Read More

Bitcoin: The End Of The Money Taboo?

[heading]Bitcoin: The End Of The Money Taboo?[/heading]

“The most powerful forces, those that interest us the most, are not in a specular and negative relation to modernity, to the contrary they move on transversal trajectories. On this basis we shouldn’t conclude that they oppose everything that is modern and rational, but that are engaged in creating new forms of rationality and new forms of liberation.” – Negri and Hardt, 2010, “Commonwealth”

Bitcoin represents “the end of the taboo on money,” as Denis Roio wrote in an academic paper. Because fiat money is associated with greed, war and estrangement, it has gained a bad reputation. But, with society’s curiousity in bitcoin, they will learn that a thing like money cannot be itself nefarious. It is merely a medium. Bitcoin, the US dollar, all forms of money, are merely mediums. Humans use it towards certain ends. But they cannot use themselves towards certain ends, good or bad.

In his essay, Roio highlights two memorable events in the history bitcoin he sees as important. The first is the January 2011 financial blockade of bitcoin. Later that year, on May 9, Forbes published its first article on bitcoin, marking a certain turning point. In June of that year bitcoin broke all previous records by trading around $30 for a short time before crashing. Interest in the digital currency was at an all-time high, as Google Trends makes clear. But, why are people so interested in bitcoin? Read More

7 Companies Apple Could Have Bought That Are More Innovative Than Beats

[heading]7 Companies Apple Could Have Bought That Are More Innovative Than Beats[/heading]

Originally appeared at Bitcoinomics

What will come of Apple’s $160 billion stockpile? That question has grown murky since the 2011 passing of founder/CEO Steve Jobs. A little light was shed last week when a big announcement was made, and now some wonder: is Apple going to go on a spending spree? Is Silicon Valley about to hit it big, again, all thanks to Apple? Time will tell. What’s for sure? Apple has just made its biggest acquisition.

Apple (AAPL) is nearing a $3.2 billion acquisition to buy Dr. Dre’s Beats Electronics. Many have suggested reasons for the purchase, but nobody really knows. One occurring reason, the simplest explanation, is that Apple sells music, and people listen to music with headphones. Read More

Americans Prefer Gold Over Bitcoin

[heading]Americans Prefer Gold Over Bitcoin[/heading]

It should come as no surprise that Americans choose gold over bitcoin, as there is a long history of gold in human civilization. And bitcoin has only been around five years…

Nearly half of US citizens know what bitcoin is. Still, only 13% would choose to invest in bitcoin over gold as an investment vehicle, according to a new survey.

The poll of 2,039 adults 18 and over was conducted by Harris Interactive along with a financial management company named Yodlee. Read More

Did You Get Screwed In An IPO?

[heading]Did You Get Screwed In An IPO?[/heading]

USA TODAY reports that regular joe schmoes of the investing world are getting screwed on the crashing value of recent IPOs. Privileged investors, who enter into the shares early, are contrarily winning big.

There have been 41 initial public offerings in the last year, with stocks such as Twitter, Noodles and Sprouts Farmers Market taking their businesses public. In each of these cases, privileged investors who bought shares at the so-called offering price are sitting on massive profits. Most individual investors, however, are suffering massive losses. Read More

If 10% Of Humanity Become Bitcoiners, Central Banking Goes Extinct

[heading]If 10% Of Humanity Become Bitcoiners, Central Banking Goes Extinct[/heading]

Scientists have found in recent years that when a mere 10 percent of the population holds dear a certain belief, this belief will be adopted by the lion’s share. In 2011, for instance, scientists at Rensselaer used computational and analytical methods to discover the tipping point where a minority belief becomes the majority opinion.

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Are Adult Entertainers Being Driven To Gold, Silver, Bitcoin?

The US government doesn’t want people in so-called “high-risk” industries to have access to the banking system.

This includes everyone from gun shop owners, to bitcoiners to marijuana dispensaries and even porn stars!

But what the Department of Justice is overlooking is the simple fact that people will turn to gold, silver and bitcoin instead of the banking system. Bitcoin does not discriminate. Read More

Mt. Gox Is Finished & Bitcoin Is Stronger Than Ever

[heading]Mt. Gox Is Finished & Bitcoin Is Stronger Than Ever[/heading]

First appeared at Dollar Vigilante

Mt. Gox is dead. There is not much a chance they will be able to overcome the press of the past four months and re-establish themselves as a trustworthy bitcoin wallet and exchange. And they haven’t even gone bankrupt yet.

For that reason, bitcoin is now stronger than ever. Although mainstream press outlets may give you a different, false idea. Read More

Bitcoin Bound By Taxes (But Not Death?)

They say there are only two sure things in life: death and taxes. At least one of these is true for bitcoin: taxes.

As for death, of that we’re not so sure.

So, as transaction volume balloons, regulations in Europe come down, and prosecutions in the case of Ross Ulbricht do too. Read More

Ayn Rand’s Galt’s Gulch Vision Now A Reality…And It Accepts Private Money Bitcoin

[heading]Ayn Rand’s Galt’s Gulch Vision Now A Reality…And It Accepts Private Money Bitcoin[/heading]

Jeff Berwick, CEO of TDV Media and The Dollar Vigilante, made quite a stir when he announced earlier this year his plan to open a Bitcoin ATM in Cyprus while the bankers were closed there.

Now, he’s created a place where you can go and use your bitcoins: Berwick’s created something like John Galt’s vision (from Ayn Rand’s “Atlas Shrugged), Galt’s Gulch. He’s called it Galt’s Gulch Chile. Read More

High Bitcoin Prices Drive Gold Demand

[heading]High Bitcoin Prices Drive Gold Demand[/heading]

Gold investors might have been put off by Bitcoin in recent months. After all, it was supposed to be their safehaven of choice – one tried and tested throughout history – which was to preserve their assets against dollar collapse…not some other, tangential investment.

But, since gold peaked in the fall of 2011, it and silver have both posted long-term corrections, even crossing over into bearish territory, with interest in the topic, according to Google Trends, at an all-time low.

In the meantime, Bitcoin has revolutionized money. Read More

Bank Of America Tells Clients It Might Find A “Climate Far More Conducive To Embracing” Bitcoin

[heading]Bank Of America Tells Clients It Might Find A “Climate Far More Conducive To Embracing” Bitcoin[/heading]

Are you a small business discouraged at the prospect of finding an account with a bank that will accept your Bitcoin vision? Have you been rejected by Citibank, US Bank, Bank of America and/or others?

Deep breath.

There is reprieve in the offing.

Bank of America has told its small business clients that they might be surprised to find a future environment embracing crypto-currencies like Bitcoin. Read More

BitPay World’s First Zero Transaction Fee Payment Processor

[heading]BitPay World’s First Zero Transaction Fee Payment Processing[/heading]

According to its website, BitPay will join CoinBase as a payment processor with zero fees. Currently, Coinbase is using the model towards a merchants’ first one million sales, after which merchants will pay 1% fees. BitPay’s new model, however, asks for $30 per month per merchant, with zero additional fees. This is unprecedented in payment processing space, and will certainly send shockwaves through various payment processing spaces.

Both BitPay and Coinbase represent the world’s first zero-fee payment processors, driving home how revolutionary modern payment methods are.

This certainly must make leading credit card companies nervous, considering their 3% fees and history of high fee debacles:

In July 2012, Visa, MasterCard and several major banks agreed to pay U.S. retailers a record $7.25 billion in penalties to settle a long-lasted lawsuit alleging the card giants conspired to fix so-called “swipe fees” paid by shops and supermarkets.

Swipe fees are levied on retailers for using their cards for each transaction. The fee is deducted by the card’s issuing bank.

 

To be certain, the news is bullish for the Bitcoin price, and will likely not make the impact it should via mainstream financial channels.

Visionaries who invested in BitPay include Trace Mayer, Peter Thiel and Max KeiserTrace and Keiser recommended Bitcoin at $0.05 and $5.00 respectively.

 

Why Cold Wallet Bitcoin Storage Is Not “Technologically More Complex” Than Storing Bitcoin Online

A neutral and to the point Guardian article today discussed how someone who goes by the pseudonym TradeFortress lost $1 million of users money on his developed site Inputs.io.  At the end of the article, the Guardian points out how TradeFortress recommends everyone store bitcoins offline, even if they developed the code of an online wallet. But The Guardian writer points out that,  “Bitcoin users face a trade-off between security and convenience. Storing the coins offline, as TradeFortress now recommends, is technologically more complex – and also makes it harder to spend them in the real world.”

Read More

What Will Come Of The Senate Hearing On Bitcoin?

[heading]What Will Come Of The Senate Hearing On Bitcoin? [/heading]

The meeting in Senate on November 18 will surely be historical, at the very least from Bitcoin’s perspective. Never before has the legislator gathered ’round in such a formal manner to discuss the darling of cyberpunks everywhere, the decentralized crypto-currency Bitcoin.

As they do so, Bitcoin is on the rise to $400, and perhaps even $1,500 by the beginning of the year.  At the time of this writing, Bitcoin is at $350, according to BitStamp. (at the time of editing, $355.)  Read More

Shopify Now Supports Bitcoin, Enters As One Of The Biggest Companies In The Space

[heading]Shopify Now Supports Bitcoin, Enters As One Of The Biggest Companies In The Space[/heading]

In what is huge news for the world’s most well-known cryptocurrency, Shopify has announced this evening Bitcoin integration, and that people with stores at shopify can now accept Bitcoin. The feature is currently manual, but nonetheless this huge news, as the website Shopify is one of the largest in the world.  With nearly 55,000 links linking into Shopify’s website, it easily makes it one of the biggest Bitcoin affiliated websites on the net. From their recent blog post: Read More

Bitcoin Responds To Its Environment, Gold Has Not…Yet

[heading]Bitcoin Responds To Its Environment, Gold Has Not…Yet[/heading]

I like Bitcoin and I like gold.

But as late, gold has not behaved as one would expect gold to. Of course, that gold has been so tied to the paper markets via GLD, has probably helped this.

Bitcoin has yet to weighed down so.

Read More

Is Bitcoin Responsible For Capital Controls In The US?

[heading]Is Bitcoin Responsible For Capital Controls In The US? [/heading]

With each JP Morgan business account holder who receives the letter informing them of new JP Morgan business account policies, a case for Bitcoin is made.

However ironically, could it be that this is the polar opposite of the bank’s intentions?

JP Morgan Chase’s Business Banking Division sent a letter to account holders stating, from November 17, 2013 on, the bank would no longer offer international wire transfers. Any scheduled transfers or recurring transfers would be canceled.

Further, cash activity – that is, folding, green cash and money orders – would be limited to $50,000 per statement cycle. Read More

How Bitcoin Can Help Free Radiohead’s Thom Yorke Of Spotify

[heading]How Bitcoin Can Help Free Radiohead’s Thom Yorke Of Spotify[/heading]

Thom Yorke has no problem telling Spotify to “fuck off”

Thom Yorke, Radiohead and Atoms For Peace frontman, has been vocal and active against Spotify, most recently in an interview with Mexican website Sopitas.

Yorke is succinct, calling the music service “the last desperate fart of a dying corpse.”  In July, Yorke complained, “new artists get paid fuck all with this model”. Read More

Erratic Banks Make Using Bitcoin Unpredictable

[heading]Erratic Banks Make Using Bitcoin Unpredictable[/heading]

 

Regulators, authorities and bank management have shown their hand when it comes to Bitcoin: they are nervous about what the future might hold. Read More

Bitcoin Enjoys Biggest Gains On Google Trends Since April

[heading]Bitcoin Enjoys Biggest Gains On Google Trends Since April[/heading]

Since the Federal Bureau of Investigation busted the Silk Road, attention on Bitcoin has risen sharply for the first time since the April-May price rise. From Saturday Night Live to Yahoo, Bitcoin has been mentioned throughout the mainstream media. Read More

In A Digital Universe, Does Anything Make More Sense Than Digital Money?

The 0’s and 1’s of Bitcoin make sense within the context of processing power and gadgets, but could it be that there is something more fundamental to the universe itself in these 0’s and 1’s? Could it be that the universe is its very own block chain?

Craig Hogan, a physicist at the University of Chicago and director of the Fermilab Particle Astrophysics Center, believes that the universe is a jittery phenom made of chunks, blocks or bits. There’s a noise, too, Hogan says, which implies the universe is digital. Read More


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