Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. – Nassim Taleb on Reddit yesterday So Bitcoin has finally dipped its electronic toe into the fringes of mainstream consciousness. The results have been, to put it mildly, explosive, divisive and highly emotional. I can see why. While I … Read more
We all know that Europeans are scared to death about bank account confiscation after the Cyprus fiasco, and it seems some of them are turning to Bitcoin. I read a fascinating article earlier today that showed how downloads for Bitcoin apps soared in the Spanish iPhone market over the weekend. Now we see the price … Read more
I really had a ton of fun recording this interview a few days ago with the always excellent Blacklisted News. We engage in a lively debate about Bitcoin, which should prove particularly interesting to those that are on the fence about the crypto-currency. Doug is a skeptic and plays devil’s advocate on many occasions. That … Read more
Encryption may end up being the biggest trend in 2013, as the concept, usage and term itself move from the realm of computer geeks and hackers into mainstream consciousness. The reason why such a moment must occur relates to the fact that governments and intelligence agencies the world over are rapidly moving in the direction … Read more
The more I learn about Bitcoin, the more I support it. In fact, the only donations we accept on this site are Bitcoin donations. As I mentioned in a post late last summer, I think it represents another way to fight back against the current repressive and immoral monetary system that has a strangle hold … Read more
Bitcoin. Controversial. Game changing. Complicated yet simple. While most of my non fiat money is in precious metals, there’s a lot I love about Bitcoin. The dramatic rise and subsequent crash that Bitcoin experienced in 2011 occurred well before I possessed my first unit of this crypto-currency. Since then, it has recovered dramatically and at … Read more
Donation Address: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G About Bitcoin Bitcoin is a decentralized, relatively anonymous alternative currency developed by cryptographic experts. Bitcoin currency comes into being through “mining” on computers (solving complex mathematical problems that takes a long time and a lot of computer power). The total quantity of Bitcoin currency is limited by the foundational algorithms that brought … Read more
Although I have followed Bitcoin over the years a bit, I am admittedly pretty ignorant on the subject. What really caught my eye in the last couple of days was an article in Forbes detailing the fact that when the big financial institutions initiated a blockade on Wikileaks, the whistleblowing organization was still able to … Read more
At this point we find ourselves confronted by a very disquieting question: Do we really wish to act upon our knowledge? Does a majority of the population think it worthwhile to take a good deal of trouble, in order to halt and, if possible, reverse the current drift toward totalitarian control of everything? If the … Read more
I rarely discuss financial markets these days. Although I pay attention, it’s not in the obsessive manner I did a decade ago. I mainly keep my eyes out for potential big macro turning points, and if I see something interesting in that regard, I try to share it with readers. This means I might not … Read more