Really interesting video interview here by Bloomberg News with PayPal’s President David Marcus. When asked about Bitcoin, Marcus states that he is “spending a lot of time looking at it” and calls it “truly fascinating.” Interesting, because 95% of Twitter and mainstream financial “journalists” are entirely convinced it is a bubble and a scam. Oh, … Read more
Norman Vialle is leading the way as far as merchants beginning to accept Bitcoin for big ticket items. The owner of Overland Park Jeep Dodge Ram Chrysler in Kansas City has become the first car dealer in the United States to accept Bitcoin. Despite the recent price volatility, stories of more mainstream adoption continue to … Read more
At the end of the day, the ultimate value of Bitcoin will have nothing to do with speculators or DDOS attacks. The ultimate value of Bitcoin will be determined by end market adoption, which despite the dramatic rise and fall in recent weeks, appears to be continuing at an extremely rapid clip. I supported Bitcoin … Read more
Anyone on the fence with regard to Bitcoin should consider coming to the side of supporting it after reading Paul Krugman’s ridiculous and riddled with errors hit-piece in the New York Times this weekend. The key tipoff as to where he is coming from in this absurd editorial is in the title itself in which … Read more
I’m on plane headed to Nashville and it remains to be seen whether or not I can get this out. I’ll be pretty much out of the loop for the next several days so hopefully I can get this posted. A friend of mine, Paul Rosenberg wrote this fantastic piece the other day about how … Read more
The news surrounding Bitcoin is now coming in so hard and fast it is virtually (pun intended) impossible to keep track of it all. It was just this past weekend that I highlighted a website that shows some of the various retail locations around the world where you can spend your BTC. Just today, I … Read more
When I get excited about something it’s really hard to get me to shut up. So over the past several days I have spouted excitedly about Bitcoin to anyone and everyone I have come across. The most common question I have gotten is: “it sounds cool, but where can I spend them?” Most of us know … Read more
As I highlighted last week in my post about how leading Bitcoin payment processor, BitPay Inc., is adding 1,000 merchants a month on a base on 4,000 merchants, the growth of the market is happening at a mind-boggling pace. Now we learn from Jeff Berwick that the Bitcoin ATM machine has received an incredible 300 … Read more
Soon, whether via Bitcoin or whatever comes next, it will be possible to strip banking away from bankers, and money away from governments. From a recent article in the Spectator titled “How Bitcoin Could Destroy the State” Support for Bitcoin amongst Austrian economists is growing by they day and in this interview, the highly admired … Read more
Jon Matonis knows more about Bitcoin than pretty much anyone on earth. He wrote a fantastic article today highlighting the hyper-growth of Bitcoin processing company, Bitpay Inc. Some of the statistics mentioned absolutely blew my mind, to the point that it’s almost hard to believe the level of growth happening here. While the news that … Read more