— Covering digital currencies, precious metals and online payments
Bitcoin is not about making rapid global transactions with little or no fee. Bitcoin is about preventing monetary tyranny. That is its raison d’être.
Read More about Jon Matonis: Bitcoin Prevents Monetary Tyranny
Text messages from LIBOR banksters, hyperinflation in Iran, introducing The Bitcoin Foundation, CFTC’s position limits rule thrown out, Bill Gate’s thoughts on digital currency and more.
The Keiser Report on Bitcoin, privacy and the counter-economy, true prices measured in gold, visualizing the world’s gold stock, a GoldMoney interview with Professor Pedro Schwartz and more.
In the below video GoldMoney’s James Turk and Félix Moreno de la Cova discuss gold, Bitcoin and competing currencies.
As always, Mr Turk has some interesting comments. But I think what he is really saying here is: Hey guys, Bitcoin is cool, I get it. …but I still prefer gold. Fair enough.
Read More about James Turk Discusses Gold, Bitcoin and Competing Currencies
Vietnam’s gold ban, ‘ghost inventories’ in China’s steel industry, more community currencies, possibilities for exotic new transaction types with Bitcoin and more.
Would Hayek have been a fan of Bitcoin? Could ‘key disclosure’ be used to confiscate Bitcoins? Will we some day have gold backed Bitcoins?
A few interesting thoughts and links as a follow up to my last post on Bitcoin.
BitPay passes 1,000 merchants, more Romeny/Bitcoin drama, the poor ‘opting out’ of banking, Spanish gold and hyperinflation.
So much to blog about, so little time.
WebMoney, FBI surveillance, encryption and Thomas Jefferson, GoldMoney, and more.
Don’t get me wrong, I’m not suggesting you sell your gold for Bitcoins. What I’m saying is although they may not realize it, Bitcoin is a goldbugs friend. It has a real chance of changing the way the average person thinks about money and that is good news for anyone who is not a fan of fiat.
Yet another Bitcoin business shuts down after a large heist and someone is claiming to be holding Mitt Romney’s unreleased tax returns hostage in return for $1million in Bitcoin.
