— Covering digital currencies, precious metals and online payments
Shadow Life is a new website dedicated to “Privacy – how to protect it and why it matters.” The creators of the site are strong supporters of Bitcoin and recently put up a post detailing what they believe to be necessary conditions for the long-term success of Bitcoin.
Read More about Shadow Life: Necessary Conditions for the Long-Term Success of Bitcoin
The Euro Pacific Bank is located in St. Vincent & the Grenadines which has established banking secrecy in statute making it one of the most private and secure places to do business and protect your assets.
Mr Schiff opened the bank to better serve his non-US investors as the current U.S. regulatory environment has made it very costly to assist international clients. Unfortunately, this means if you are an American citizen or resident you cannot open an account with the bank.
Read More about Peter Schiff’s Euro Pacific Bank Introduces a Silver Backed Debit Card
50+ merchants in the Bitcoin community have joined together to promote a Black Friday sale, “the biggest sale Bitcoin has ever seen.”
There has been dramatic growth in the number of online merchants who accept Bitcoin, but with an estimated 78% of bitcoins stagnant, Bitcoin Friday hopes to stimulate the Bitcoin economy and get some coins moving!
Those participating include Coinabul, Mt.Gox, bitpay, BitInstant, and more.
Read More about Bitcoin Merchants Launch the First “Bitcoin Black Friday”
The ECB recently released a report on “Virtual Currency Schemes”. It is, in parts, surprisingly well done. It includes a good definition of money, it recognizes that virtual currencies are ‘digital cash’, it discusses Austrian economics and even quotes Rothbard, Hayek and Mises! The guys that put this together are smart and understand “Virtual Currency Schemes” i.e. Bitcoin.
But the piece can be summed up with this line… Should Bitcoin ever truly catch on, it will damage the current banking system and threaten “financial stability”.
Read More about Bitcoin, The European Central Bank Sees You As a Threat to Financial Stability
Bitcoin makes some TV appearances, drama over German gold, talk of European bonds “part-backed by gold”, a report on mobile payments in developing countries, AML enforcement and more.
Bernard von NotHaus, creator of the Liberty Dollar and ‘domestic terrorist’ is currently awaiting sentencing and faces more than 20 years in prison. Last week the NY Times published the below interview with Mr. von NotHaus, Prison May Be the Next Stop on a Gold Currency Journey.
Read More about Bernard von NotHaus, the ‘Rosa Parks’ of the Dollar
From The Blue Market
This post is a peep into the underground exchange markets for dollars and bitcoins in Argentina. For the last couple of weeks, I have experienced the informal exchange of bitcoin and dollars on first hand in Buenos Aires. Furthermore, I have realized how both locals and expats may reap significant gains by using bitcoins as a medium of exchange.
Read More about The Blue Market: Bitcoin, Dollars and Pot-Banging Protests in Argentina
Dwolla is an online and mobile payment system, similar to PayPal, however, Dwolla’s fee’s are much lower at $0.25 per transaction over $10, and transactions under $10 free of charge. Like PayPal, Dwolla is based on the US dollar. Un-like PayPal, you can use it to purchase bitcoins at exchanges such as Mt.Gox.
Dwolla has just announced their new mass payment system, appropriately titled MassPay.
This piece was recently sent to me by “an old radical.” The message is perhaps a bit harsh, but I have to admit, all I can do is grimace and nod in agreement to this thesis… “Bitcoin and state banking systems are born enemies: only one can survive. If you are imagining that they can peacefully coexist, you are fooling yourself.”
Read More about The Old Radical: How Bitcoin Is Being Destroyed
From the Visual Capitalist, The Gold Series: “Everything You Ever Wanted to Know About Gold in 5 Stunning Infographics.”
Check them out here.
