Author Archive | Larry X


Those Harmed (By Bitcoin Success)…

Those harmed by the eventual Bitcoin success will, in fact, be also those who will no longer be able to so easily harm others. They are (in no particular order): →Politicians using at the expense of the productive population (both of present and future generations). →Public officials meant to manipulate the monetary system and enforce the […]

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Erik Voorhees: Bitcoin Is The New Frontier

In 2011, Erik Voorhees decided to abandon his other undertakings to devote himself exclusively to Bitcoin-related ventures (Bitinstant, Coinapult, SatoshiDICE). If you want to understand what led him down this road and learn more about his motives and reasons, here’s the interview Felix Moreno of Bitcoin Magazine did with this pioneer of “Digital Wild West”. […]

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Bitstamp Overtakes Mt. Gox For The First Time

Via CoinDesk Mt. Gox has long been the leader of the bitcoin exchange market, but earlier this week Bitstamp revealed itself as a serious contender. On Monday (22nd July), 8,294.02 BTC were traded on Bitstamp, compared with 8,215.90 BTC on Mt. Gox. At several points since then, according to hourly data published on BitcoinCharts, Bitstamp has, […]

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Bitcoin: To The Rescue Of Productive Population

What would happen if a critical mass of the population of any country decided to use bitcoins as a medium of exchange? After the mathematically unavoidable financial collapse of the “welfare state”, members of the productive classes will not sit around idly they will continue to produce. But for that they will need a monetary […]

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The Myth Of The Deflationary Spiral

“Legal tender money” is simply a euphemism for the money the state forces its citizens to use. The permanent state of inflation to which we have been habituated (courtesy of the government) is nothing but an unnecessary evil, and as such cannot be sustained without resorting to violence; this i.e. nobody would welcome money that […]

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News That Will Strengthen Bitcoin (5nd Part)

It is because of news like these that Bitcoin continues to strengthen: →U.S. will conduct the monitoring of overy financial transaction The Consumer Financial Protection Bureau (CFPB) of the United States is looking to create a “Google Earth” of every financial transaction of every American including cash withdrawals from ATMs. →Financial institutions not reporting on their American clients […]

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Buttonwood: Outdoor Gatherings For Trading Bitcoins

Via On a damp Thursday night in July, a half-dozen men gather on the steps of San Francisco’s Yerba Buena Gardens, just across from St. Patrick Church on Mission Street. They dress down, mostly wearing the jeans and t-shirts uniform of Bay Area programmers. As the sun sets, they’re trading currency in the fog, selling […]

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SatoshiDice Sold for $12.4 Million

The SatoshiDICE case stands as a stark warning to all those entrepreneurs who are looking for their place in the world. Before reaching the peak of its success, the company was forced to move out of the U.S. and block the originating IP addresses in the country. Moreover, SatoshiDICE is but one example of a […]

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