- Excerpt from a recent Zero Hedge article, read the full article here:
Monday, April 29, 2013
Berlin Has the Highest Concentration of Bitcoins
The Kreuzberg area of Berlin has the highest density of businesses accepting Bitcoin in the world. The clip below is fascinating as it becomes readily apparent how excited both the merchants and the customers are about using this free market currency. As the owner of a bar called Room 77, Joerg Platzer, quite interestingly commented: “Every day we do not start using a free currency like Bitcoin, we actually actively vote for the current system to continue.”
Saturday, April 27, 2013
Bitcoin As Cryptographic Gold?
"The crypto-currency Bitcoin is still merely a speck on the global monetary landscape. It is young, experimental, and for all we know, it may ultimately fail to break into the monetary mainstream. However, on a conceptual level some are willing to call it a work of genius andarguably the most exciting development in the field of money for more than 130 years. The outcome is probably binary: Either Bitcoin ultimately fails and the individual Bitcoins end up worthless. Or Bitcoin takes off and Bitcoins are worth hundreds of thousands of paper dollars, paper yen, paper euros, or paper pounds. Maybe more. Those who buy Bitcoin as a speculative investment should consider it an option on the future success of the crypto-currency. We still consider gold to be the essential self-defense asset in the ongoing paper money crisis. The brand-new crypto-currency Bitcoin has to first earn its stripes as a monetary asset by proving itself as a ‘common’ medium of exchange. That is why we view Bitcoin very differently from gold, although the attraction of both has its origin in the demise of entirely elastic, politicized state fiat money. In the meantime, the debasement of paper money continues."
- Excerpt from a recent Zero Hedge article, read the full article here:
Thursday, April 25, 2013
Adam Kokesh - Litecoin is MAGNITUDES More Secure Than Bitcoin
- Source, Adam vs the Man:
Monday, April 22, 2013
BitCoin Or BetaCoin? What The Venture Capitalists Are Thinking
"After a disastrous few days in early April, bitcoin is back over $100 and up on the month, the year and its short lifetime. ConvergEx's Nick Colas is intrigued and continues to believe that this phenomenon is the most provocative economic experiment since the invention of the euro and well worth watching. The next chapter of the story, he believes, will be the entry of a host of "Smart money" venture capitalists looking to build the currency's infrastructure. Money and currency are exactly the kind of large, scalable and complex opportunity that gets VCs very, very excited. Yes, it could all still end in tears, either by regulation or mismanagement. But bitcoin isn’t dead just yet, and it remains one of the most potentially disruptive forces in modern finance. In summary, bitcoin is what he calls a "Beta currency." How it all shakes out, however, will be both instructive to watch and potentially profitable for those on the right side of this very novel trade."
- Source, Zero Hedge, read the full article here:
Thursday, April 18, 2013
Keiser Report - Magic of Bitcoin Gathering
- Source: Max Keiser.com:
Tuesday, April 16, 2013
Libertarian Party Is Now Accepting Bitcoins
"America's biggest third party is accepting donations of the electronic currency through bitpay.com, which converts the donations into U.S. dollars. Given that Bitcoin is sometimes called a "libertarian fantasy," it's not so surprising the Libertarian Party would make room for the currency in its fundraising efforts."
- Source, The Atlantic, read the full article here:
Tuesday, April 9, 2013
Bitcoin is On The Rise
"Virtual currency Bitcoin has risen in usage, notoriety and value in the past few months. A Bitcoin’s worth fluctuates with demand, and just like cash, it is free to use and very hard to trace. About $130 million of Bitcoins now exist, and the value has risen more than 6,000 percent this year."
- Source, Bloomberg Businessweek:
http://www.businessweek.com/videos/2011-06-20/virtual-currency-bitcoin-rises-in-usage-value
Sunday, April 7, 2013
Rick Rule Discusses the Value of Bitcoin
Friday, April 5, 2013
The Encryption Standard
"What currency is feared by the European Central Bank as a threat to fiat monetary institutions? What currency is cash like but digitally transmittable allowing for ultimate anonymity and global mobility? What digital currency is up over 2,200% over the last year? The answer? Bitcoin. From mining, supply, demand, and security, Visual Capitalist's infographic covers it all."
- Source, Zero Hedge:
Wednesday, April 3, 2013
The Worlds Largest Online Currency
"Maybe Bitcoin’s devotees are right, and it’s the currency of the future. Or perhaps it’s a ridiculous joke—a speculative, hilarious enterprise taken to its most insane conclusion. Given that the founder is nowhere to be found, it feels like a hoax, a parody of the global economy. That the technology used to implement it has, so far, shown itself to be impeccable and completely functional, and that it’s actually being exchanged, just makes it a better joke. The truth is, it doesn't much matter if it’s a joke or not. It works."
- Source, Bloomberg:
http://www.businessweek.com/
Monday, April 1, 2013
Bitcoin May Be the Global Economy's Last Safe Haven
"One of the oddest bits of news to emerge from the economic collapse of Cyprus is a corresponding rise in the value of Bitcoin, the Internet’s favorite, media-friendly, anarchist crypto-currency. In Spain, Google (GOOG) searches for “Bitcoin” and downloads of Bitcoin apps soared. The value of a Bitcoin went up to $78. Someone put out a press release promising a Bitcoin ATM in Cyprus. Far away, in Canada, a man said he’d sell his house for BTC5,362.
Bitcoin was created in 2009 by a pseudonymous hacker who calls him or herself Satoshi Nakamoto (and who might be several people). It’s a form of virtual cash used to buy goods and services online. Even by Web standards, it’s a strange and supergeeky phenomenon. This is what happens when software and networks meet the concept of currency, when you take peer-to-peer networks and advanced cryptography and ask, How can I make a new economy?"
Bitcoin was created in 2009 by a pseudonymous hacker who calls him or herself Satoshi Nakamoto (and who might be several people). It’s a form of virtual cash used to buy goods and services online. Even by Web standards, it’s a strange and supergeeky phenomenon. This is what happens when software and networks meet the concept of currency, when you take peer-to-peer networks and advanced cryptography and ask, How can I make a new economy?"
- Source, BloomBerg News, read the full article here:
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