February 2012
23 posts
#Bitcoin Quickly Becoming the Western Union for... →
TARP $2T.O: G20 Moves to Line Up Huge Rescue Deal... →
The G20 today lined up a $2 TRILLION quantitative easing deal for April according to reports. The question to ask yourself is what exactly is the G20 expecting to occur by April that will require twice the amount of liquidity and printing that was agreed upon during the depths of the 2008-2009 financial crisis? (Reuters) – The world’s leading economies worked on Sunday to line up a deal in...
#Bitcoin will revolutionize how Africans transact... →
‘How can bitcoin benefit Africans?
Bitcoin offers Africans multiple and unique ways to lower or even remove the digital divide. There is more to Bitcoin than just reliable, cheap and very fast transfers to and from anywhere in the world. At a certain adoption rate of Bitcoin, network effects will ensure that it will dominate world wide online payments. If Africans are quick enough ...
If this guy can find $1.4b for a centralized... →
businessweek: According to authorities in Japan, Nami, chairman of Japanese bedding linen company L&G, claimed he could get a 36% annual return on investments in a fictional currency he created and dubbed Enten, meaning “divine yen.” Nami allegedly took $1.4 billion from roughly 37,000 investors by convincing them that after the world’s economies collapsed, his digital...
Bitcoin Titan & Trading Titan: What U.S.... →
tradingtitan:
Are bitcoins commodities? In a previous article I showed that, under U.S. law, bitcoins are neither securities nor currency. So, what are bitcoins? Furthermore, what regulations, if any, apply to bitcoins designated as a commodity?
Bitcoins Are Commodities
Bitcoins are commodities. A…
Amir Taaki: Cyber revolt! →
You got up, you worked, you slept, you died. Loyalties were to our immediate family, maybe our community. Work was only a means to provide for your family…. It is the ability to take new ideas from the profusion of old ideas in unexpected ways that leads to creative innovation. A new way of painting or another type of invention. Creativity requires lots of unrelated ideas, or… lots...
TOR + BTC = LSD →
Tate Watkins:
Users at the website Silk Road are combing the anonymity of TOR’s network with the ‘anonymity’ of Bitcoin to exchange goods — many of them illicit — online. Think Craigslist but for acid. Adrian Chen reports:
Making small talk with your pot dealer sucks. Buying cocaine can get you shot. What if you could buy and sell drugs online like books or light bulbs? Now you can: Welcome...
TradeHill Shuts Down, To Return Client's Funds →
bitcoinnews:
The second largest exchange for buying and selling bitcoins, TradeHill, has shut down its trading operation and is returning funds on deposit from its clients.
The announcement from the exchange’s CEO, Jared Kenna, blames ‘increasing regulation’ and losses exceeding $100K USD when transfers to the exchange were reversed by a payment processor (presumable the July 2011 incident in...
WatchAbundance with @Jason_Silva
WatchThe @JoeRogan PODCAST #183 - @Jason_Silva, @Redban … Talking some Real Talk
Topi Kanerva: Fear and loathing in Bitcoin world,... →
As long as the governments, legislators, banks and other powers-that-be cannot figure out any truly effective ways of crippling the Bitcoin economy, the expected outcome of any bout of devaluation (except a protocol flaw) is just a rebounding of value or even exceeding the previous rate. This calculation is greatly simplified by the fact that the Bitcoin system itself is simple and elegant:...
Falkvingne: Why I'm Putting All My Savings Into... →
These past days, I have done a lot of thinking about bitcoin that ended up with me investing all of the money I had saved and all that I can borrow into the currency. Here’s why.
In two posts now, I have considered the effects of bitcoin on society. A lot of more thinking has been done than has been described in writing, and it has resulted in me putting all my savings into this currency.
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