For myself and many others back in the 2008/09 period, it seemed obvious what China should to do from an entirely nationalistic perspective on the grand geopolitical chessboard. With the reputation of the U.S. laying in tatters following a gigantic financial collapse and an utterly embarrassing, unlimited taxpayer bailout of the criminals that caused the … Read more
I’ve covered Bitcoin payment processor BitPay on many occasions over the past year or so. The pioneering company provides an invaluable service to merchants that want to allow their customers to pay for goods and services in Bitcoin without taking on any currency risk. Well, they have now branched out into what seems to be … Read more
Even those in the precious metals community who do not support Bitcoin, cannot deny two very significant facts. First, there is an undeniable overlap between many of those in the precious metals community and those within the Bitcoin ecosystem. Second, many of the early adopters of BTC have amassed sizable fortunes. So we have a … Read more
The explosion in the price and popularity of Bitcoin over the past six months has caused a major rift within the precious metals community. It is quite clear which side I am on, and quite frankly, I am having a hard time understanding the outright hostility toward Bitcoin from many gold and silver stackers. The … Read more
The reason venture capitalists have become so intrigued with Bitcoin over the past year or so is because it is what the industry refers to as a “disruptive technology.” Some of the key tenets of a disruptive technology are that it allows people and businesses within a certain industry (or industries) to do things cheaper, … Read more
Upon the conclusion of the Senate hearing on Bitcoin this past November, I tweeted that I thought we had entered Phase 2 of the Bitcoin story. A month later, following news that Andreessen Horowitz had led an venture capital investment of $25 million in Coinbase, I wrote: As I tweeted at the time, I think Bitcoin … Read more
There is no doubt that the most important story of 2013 from an economic and monetary perspective was Bitcoin. Whether you love it, or thinks it’s “evil” like statist lemming leader Paul Krugman, this was the year in which decentralized, crypto-currency first entered human consciousness, a concept which is unlikely to go away any time … Read more
For a while now, I have been highlighting the fact that it is an absolute no brainer for small businesses to accept Bitcoin. Not only are you providing your customers with another method of payment with essentially zero downside (if you use a payment processor such as BitPay or Coinbase), it is the best free … Read more
While I don’t believe a word the professional criminals at the Federal Reserve say about anything, this is nonetheless an interesting clip from CNBC earlier today. The guest was Jeffrey Lacker, the President of the Federal Reserve Bank of Richmond. Of course, I do note that after Lacker says his statement about the lack of … Read more
The last aggressive anti-Bitcoin tirade I recall from Paul Krugman was written on April 14th of this year. It was such an irrational piece of drivel that I decided to respond to his Op-ed nearly paragraph by paragraph in my piece, Paul Krugman Goes on the Attack: Calls Bitcoin “Antisocial,” which I strongly suggest you read … Read more