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Not Letting Bitcoin Turn Into Govcoin

The recent launch of DATA (Digital Asset Transfer Authority), an organization designed to facilitate self-regulation of Bitcoin industry, has set off a chain of diverse reactions within the Bitcoin community: ranging from joy to anger, confusion, suspicion, disdain and fear.  In the following article, published in American Banker, Jon Matonis, Bitcoin Foundation’s executive director, makes […]

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The Flight To Bitcoin

What do the beginning of an era and the end of an era have in common? In both of the cases, no one sees either one coming. Every generation lives its life on this planet under the illusion that all the major changes have already happened, all the great battles have already been fought, all […]

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News That Will Strengthen Bitcoin (6nd Part)

It is because of news like these that Bitcoin continues to grow strong: →Trial begins for billionaire responsible credit card fraud Five men from Russia and Ukraine have been accused of causing losses of more than U.S. $ 300 million to various payment processors, in the biggest cyber crime case in the history of the United States. […]

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Bitfury 400 GH/s Bitcoin Rig Hits The Bitcoin Mining Scene

Far from stalling the progress of Bitcoin mining,  ASICs has triggered a technological race in computing power and energy efficiency unprecedented in mining bitcoins in the past. In this new context, another company, BitFury makes a move onto the scene with its 400 GH/s Bitcoin Rig. Via The Genesis Block After almost a full year of […]

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Bitcoin

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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productive population

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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spiral stairs

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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