Blog Archives

The “Bitlicense” is a bad idea that must die

There is much talk about the arbitrary imposition of a nonsensical “Bitlicense” on businesses based in New York that use Bitcoin to make a profit. Apart from the nauseating and unimaginative use of the prefix “Bit” in yet another context,

Posted in Bitcoin, Economics

Bitcoin is not a threat, it is a boon

The Financial Times has published an astonishingly blinkered and short-sighted article, where Bitcoin is mischaracterised as a threat, instead of the greatest business opportunity of the century. The fact of the matter is, and I have said this before, the country that

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Posted in Bitcoin, Economics, Fear-mongering, Money, Politricks, TC TI KB

BTC-DPD: Bitcoin Distributed Price Discovery

As you may have seen during the last seventy two hours, problems at a single exchange, the popular MTGOX, have unleashed mass confusion amongst the computer illiterate Bitcoin watchers, as they falsely claim that people have “lost money” or that

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Posted in Bitcoin, Economics, Fear-mongering, Software, Wishware

FinCEN sounds death knell for US based Bitcoin businesses

It seems that FinCEN has finally decided to opine on Bitcoin, without naming it specifically. This US pronouncement spells death to all “compliant” US Bitcoin companies that choose to remain based in the USA. There is one thing you absolutely

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Posted in Bitcoin, Economics, Money

Thoughts On The Bitcoin Debacle

By Brandon Smith I was in the midst of the Save America Convention in Tampa, Florida when I heard, first, that Libya was under bombardment by the UN (led by U.S. forces), and, that Satoshi Nakamura of Bitcoin had been

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Posted in Bitcoin, Substitution

Bitcoin Transaction volumes Increase 40% in Half a Year

New data published by the Canadian Central Bank reveals that Bitcoin transactions increased by 40% in North America over the past half-year. During peak hours Bitcoin is credited for more than a third of all online transactions, while Credit Card

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Posted in Bitcoin, Substitution

The European Central Bank report on Bitcoin: you can smell their fear

The European Central Bank is one of the most destructive entities ever unleashed upon the peoples of Europe. Its Keynesian fiat currency is backed by nothing, is defrauding millions, is by design stealing value from the people who are forced

Posted in Bitcoin, Fear-mongering, Politricks