Fiat vs Gold vs Bitcoin, 2012 Charts and Rankings
Have look at how gold and Bitcoin performed in 2012 with charts stats from Run to Gold, Priced in Gold, GoldSilver.com and more.
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WebMoney now available in Turkish and Portuguese
“The number of languages WebMoney Transfer system supports has been extended. Now websites, services and WebMoney applications are available in Turkish and Portuguese.”
“Moreover WebMoney users living in Brazil, Turkey, Portugal and other countries, which together number 70 mn citizens speaking Turkish and 200 mn of Portuguese speaking residents, now get financial and technical support provided in their native languages.”
WebMoney is now available in Russian, English, Spanish, Portuguese, Chinese, Turkish, Vietnamese and Indonesian.
From the WebMoney blog.
Bitcoin Non-Technical FAQ
Oleg Andreev, a software developer and Bitcoin blogger has compiled a list of non-technical answers to common Bitcoin questions. It’s a good read for those new to Bitcoin or for anyone who wants a better understanding of how Bitcoin works without having to learn programing jargon.
The FAQ list covers common questions such as…
Who creates bitcoins?
How do I use Bitcoin?
What do miners do exactly?
How are transactions secured?
Is Bitcoin anonymous?
Read it here.
List of Bitcoin court cases, complaints, regulatory actions, etc.
A member of the bitcointalk.org forum, Stephen Gornic, has compiled a list of notable Bitcoin legal events from the past few years.
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GoldMoney: Alasdair Macleod’s Outlook for 2013
“I have not faced the prospect of a new year with so much trepidation as when I contemplate what is in store for 2013. Systemic risks abound, which of themselves are not the main story, only milestones on the road to final currency destruction, unless governments somehow regain their senses.”
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Jim Willie: The Coming Isolation of the US Dollar
“The typical human reaction to any infection, vermin, danger, or toxicity is to stand back, to isolate the agent, to trap it, to prevent its further spread or release, then to remove it in a safe secure way if possible using trained professionals. Eventually decisions must be made on the level of acceptable risk on the removal, like what is willing to be lost or damaged or killed in the process. Risk analysis, cost trade-offs, and minimization decisions must be evaluated and executed. The toxic agent in global trade, global banking, and global bond market is the USDollar. In 2009, the Jackass began making a certain firm point. Those nations that depart from the entire USDollar system early will be the leading nations in the next chapter, with stronger foundations, richer solvency, emerging economies, healthier financial markets, efficient credit engines, growing wealth, stronger political helm activity, and better functioning systems generally.“
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Economic Policy Journal: 50 Reasons For The Separation of Money & State
The Economic Policy Journal’s Chris Rossini list “50 thoughts to help reach a very important conclusion: That money must be completely severed from State control. Our economic lives literally depend on it.” Read More about Economic Policy Journal: 50 Reasons For The Separation of Money & State
Jon Matonis: Fear Not Deflation
A few months ago Keynesian economist Paul Krugman wrote a piece criticizing Bitcoin. He compared it to gold and argued that Bitcoin would lead to “hoarding, deflation, and depression.” In the Keynesian world a lack of inflation = deflation = depression.
Deflation is commonly feared, but as Jon explains “Deflation is not a problem in the traditional monetary system and it will not be a problem in the bitcoin economy.”
Central Bank of Russia issues gold and silver bullion pieces that ‘must be accepted’ as legal tender
On the 17th the bank issued three values of bullion:
- 31.1g silver pieces with a 3RUB face value
- 7.78g gold pieces with 50RUB face
- 15.55g gold pieces with a 100RUB face value
These bullion pieces are legal tender in the Russian Federation.