The last two weeks have seen Bitcoin climb back to $130 after collapsing from $266 to $80 in April. Since then, due to diverse hands entering the market, a sense of stability fell upon the Bitcoin market.
Then, in the wake of Syria war chanting, Bitcoin steadily moved beyond $100 and did not pause for perspective until $130. At time of this writing, Bitcoin stands at $122.
But, why?
[heading]IMF Reassess Global Economic Fate[/heading]
The IMF has changed their prior view that emerging markets were to rescue the world from global depression.
A confidential note on world economic prospects was seen by the Financial Times. In this note, the IMF imparts that it believes emerging economics are no longer the dynamic engine of global growth. The fund instead wrote, “momentum is projected to come mainly from advanced economies, where output is expected to accelerate”.
[heading]NASA In Search Of Internet’s Next Generation[/heading]
The question “Is Bitcoin here to stay?” is a common refrain. One that an enthusiast hears often.
It is here to stay, believe many. After all, isn’t a bet for decentralized virtual currencies like Bitcoin merely a bet for the Internet?”
Currently, NASA has developed plans to test a potential new system of human communications, with implications for terrestrial and extra terrestrial data transfer.
NASA plans on launching a new communications technology this Friday which will allow for a record-smashing 600 megabits-per-second downloads. The resulting probe will orbit the moon and send communications back to Earth via lasers.
[heading]What Was The Silver Republican Party?[/heading]
In the 1890s, the Silver Republican Party rose out of a split from the Republican Party. The main issue the two disagreed on was “Free Silver” and bimetallism.
During that period, goldbugs and silverfish had been pitted against each other. Some, namely city interests, called for a gold standard to stem inflation. This harmed farmers who held much of their savings in silver until that time. These interests longed for a bimetallic standard.
[heading]Silver Quietly Sneaks Back Up, Probably Never To Be This Low In Our Lifetimes Forevermore[/heading]
It has been a long, winding road for silver, but it appears the most recent run up from the bottom of around $18 to nows’ nearly $25 has tickled the excitement of silverbugs.
On Facebook, author Tarrin Lupo (Pirates Of Savannah) even boldly proclaimed that “The price of Silver is quietly sneaking back up, probably it’s the last time it will be this low in our lifetime.”
[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 stash of silver bullion. No mind-altering substance in tow, it did not matter, for the man had his silver taken and must appear in court.
[heading]What Was “Free Silver?” A Look Back At The Free Silver Movement[/heading]
The late nineteenth century was a curious time for the US. One of robber-barons and captains of industry, the late nineteenth century was also a time of “free silver”, a central American policy in favor of inflation by silver, which might be a foreign concept to todays silver bugs. What did the opponents of free silver support? The gold standard. Hmm…
The supporters of the the inflationary monetary policy of free silver were known as “Silverites,” and they were in favor of bimetallism. That is, the use of silver and gold as currency. Their ratio is familiar to those in the precious metals circles: 16 to 1.
[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 diverse backgrounds. The last two days in Washington DC proved just that, as The Bitcoin Foundation was invited to a meeting with some of the US’s top agencies, as GoldSilverBitcoin reported here.
The sober perspective on the meeting is that it is something that happens all the time. The Bitcoin Foundation was not issued a subpoena. The tone of the meeting was one of men with different worldviews, at least in many cases, coming together to discuss something some knew much about, and the others did not. According to the following account, it was a peaceful endeavoring.