Before I get to the humorous FBI trolling story referenced in the title, I want to write a few overdue paragraphs about the whole Silk Road affair and the future of Bitcoin. The garbage that was being emanated from across the internet about what would become of Bitcoin in the wake of the news that … Read more
Bitpay is the premier Bitcoin payment processing company and they have experienced staggering growth over the past year. This morning the company issued a press release announcing the fact it had signed up its 10,000th merchant, an increase of 10x from the number about a year ago when the company first crossed the 1,000 threshold. … Read more
We should have competition in the production of money. I have long been a proponent of Friedrich August von Hayek scheme to denationalize money. Bitcoins are a first step in this direction. – Frank Schaeffler, member of German parliament’s Finance Committee The story of the German Finance Ministry stating Bitcoin is a form of “private money” has … Read more
Yesterday was an absolutely amazing, jam-packed day at the Inside Bitcoins Conference in New York City, and I want to start out by thanking MediaBistro for putting it on and for having me as a media partner. 250-300 people attended the event, and roughly 30 of them took it to the next level and paid … Read more
It’s only two weeks away and I am getting excited about attending my first ever Bitcoin conference in NYC on July 30th. Bitcoin has held a spot in my psyche ever since I first heard of the crypto-currency a couple of years ago and learned of the motivation behind its creator. It’s been amazing to … Read more
After a tiresome, yet breathtakingly beautiful 7 hour drive from Boulder to Telluride, I finally made it to the Bluegrass Festival in time to catch Steve Martin play the banjo and close out day one with some incredible tunes. Since I’ll be preoccupied through Sunday watching music and enjoying a few of days off, I … Read more
Liberty Blitzkrieg is pleased to announce an experiment in Bitcoin related retail. As regular readers know, I am a strong supporter of Bitcoin as a weapon in free humanity’s arsenal to combat the ever encroaching authoritarian corporate-fascist state. One of the major gripes about Bitcoin has to do with the limited places in which to … Read more
Interesting news out today in the Bitcoin world. As you may recall, last week I highlighted how the highly respected venture capital firm Union Square Ventures (Fred Wilson, early investor in Twitter) invested in Coinbase. Today we learn that another very high profile investor has plunged into the Bitcoin pool. In this case it’s Peter … Read more
Yesterday, the Wall Street Journal reported that Coinbase has raised $5 million, which represents the largest funding round to date for a Bitcoin startup. The funding is being led by the highly respected Union Square Ventures, and despite the fact that 90% of financial “journalists” and mainstream “economists” continue to bash Bitcoin as a bubble … Read more
Fascinating article out today from the Guardian about the Kreuzberg area of Berlin, which has the highest density of businesses accepting Bitcoin in the world. The associated video at the top of the article is also a must watch, as it becomes readily apparent how excited both the merchants and the customers are about using … Read more