Personally, I wouldn’t put it that way. The dollar is being destroyed by the Federal Reserve. Bitcoin is merely a preferred conduit through which fed up citizens decide to express their displeasure with the incredibly corrupt corporatist-facist state being shoved down our throats by a handful of insane and greedy oligarchs. Interesting comments nonetheless. From … Read more
Last week, Peter Schiff put out a video titled: Bitcoin vs. Gold, which quite frankly was horrible and one of the worst videos he has ever done. It added nothing the the debate that everyone involved in Bitcoin isn’t already completely cognizant of, but even beyond that, it framed the debate around Bitcoin in a … Read more
The past several weeks have seen the emergence of several innovative and user friendly websites related to Bitcoin specifically, and crypto-currencies generally. The first was FiatLeak.com, which shows the amount of BTC purchased and where in the world those purchases take place in real time. Then we saw CoinMarketcap.com, which calculates and ranks the ever-changing … Read more
Yep, this pretty much says it all. Take that Banksy. * I have no idea who created this image and where it came from, but great job to whoever made it. Like this post? Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G Follow me on Twitter.
Early last night, a massive Bitcoin transaction went down. A transaction worth an incredible $147 million with several sending addresses involved. As I have mentioned in a previous article, you can attach messages to Bitcoin transactions and tagged to this one was simply: “Shitload of Money!” The world of Bitcoin is abuzz with speculation as … Read more
Of all the Bitcoin adoption news that has emerged over the past couple of months, this is far and away the most exiting to me. Purchasing airfare is something that most people do at least once a year, and with the holidays coming up, something that is at the forefront of many people’s minds. The … Read more
The following graphic was put together by the folks at Promontory Financial and is extremely telling. It looks at three ways in which a U.S. citizen might choose to go about sending a $1,000 downpayment to Europe for the purpose of renting a vacation home. They put Bitcoin side by with with a traditional bank … Read more
Bitcoin adoption continues to run at a very solid clip (a Subway in Pennsylvania is now accepting it), and I think could take off shortly given my view that the Senate hearings on virtual currencies may be seen as a green light to accept the currency for hesitant retailers. The latest good news on this … Read more
To my Twitter followers, thanks for bearing with me today through my non-stop messaging on the Senate’s Bitcoin hearing that just wrapped up. I hadn’t intended to write a post on it, but upon further reflection I have decided it is worth putting some initial thoughts down in a more formal format. Unlike most people … Read more
The video below is both entertaining and informative at the same time. Those of us who share more than a passing interest in Bitcoin are well aware that one of the main issues as far as using it to purchase goods in real time at brick and mortar businesses is the transaction time. Of course, … Read more