This site is pretty sweet. It uses data from the three major Bitcoin exchanges for which data is published, Mt. Gox, Bitstamp and BTC China to show you which countries and which currencies are moving in and out of bitcoin in real time. I really like the table at the bottom which keeps a tally … Read more
Understandably, pretty much all of the focus on Bitcoin as of late has been on price appreciation considering the extraordinary move it has undergone. Specifically, it has quadrupled in value from the post Silk Road shutdown lows a little over a month ago. While understandable, it’s a bit unfortunate at the same time. The focus … Read more
A little over a week ago, the world’s first Bitcoin ATM was launched to much fanfare in a Vancouver coffee shop called Waves Coffee. This particular machine is made by a company called Robocoin and they sell for $20,000 per unit. While I applaud the company for installing the world’s first Bitcoin ATM, I have … Read more
Oh the times they are a changin’. The total value of all the bitcoins in the world, something that didn’t even exist five years ago, is now worth $2.64 billion. While impressive, Ben Bernanke and his merry minions of monetary mayhem still create the equivalent of over 30 new Bitcoin markets every single month by … Read more
The greatest, most existential debate in the entire Bitcoin community revolves around how much (if any) cooperation there should be between the alternative currency network and state regulators. Fortunately, its decentralized nature allows the user to make many of his or her own decisions on the matter, something which I believe will only increase as … Read more
As all of my readers know, I am a huge supporter of Bitcoin for many reasons. What you may not know, is that five years ago today a still unknown individual(s) known by the pseudonym Satoshi Nakamoto released a white paper titled: Bitcoin: A Peer-to-Peer Electronic Cash System. The paper announced the Bitcoin concept to the world, and described how … Read more
Here’s a story recently related to me by a guest at a White House dinner, which included Google’s Eric Schmidt: The president, whose most important job is surely to protect the integrity of the monetary system, smugly asked Schmidt if Bitcoin, one of many growing challenges to currency hegemony, was anything he had to worry about. … Read more
I knew Baidu’s decision to accept Bitcoin for its Jiasule service was a big deal the moment I saw it, but I didn’t expect the move in price upward to be this powerful and this immediate. There’s a new player in the global Bitcoin marketplace and that player is huge. China is now not only … Read more
It’s been a big week for Bitcoin. Several days ago I noted the significance of Chinese web services giant Baidu accepting bitcoin for its Jiasule service. With a $53 billion market cap, I believe this is the largest company globally to-date to accept the four year old crypto-currency. It is also highly significant that bitcoin is … Read more
As I have maintained on many occasions, reports of the death of Bitcoin have been greatly exaggerated. If anything, the news related to the most popular crypto-currency ever has only gotten considerably more positive in the wake of the raid on Silk Road. The most recent development is that massive web services site Baidu, Inc. … Read more