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1. Introduction Existing Internet infrastructure is increasingly unable to cope with the demands placed on it by over 2.4 billion connected people, a number that is predicted to grow to 3.6 billion by 2017.
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The core defining aspect of Bitcoin—and other cryptocurrencies arising in its wake—is decentralisation.
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It almost happened in 2008... but as this excerpt from Casey Research's Meltdown America documentary notes, it appears the US military is preparing for the potential collapse of the US dollar
Radio/TV •
Currencies
Host:
Ernest Hancock
Jonathan Mohan (founder of Bitcoin NYC and correspondent for Let's Talk Bitcoin) comes on the show to talk about Bitcoin, the New York Bitcoin Conference, and the future of cryptocurrencies
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The US dollar's position as the base currency for global energy trading gives the US a number of unfair advantages. It seems that Moscow is ready to take those advantages away.
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People consider Federal Reserve notes, U.S. dollars, to be real money.
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U.S. stocks have taken a sharp turn lower today as the Japanese yen strengthens against the U.S. dollar.
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Financial newsletter writer Dr. Jim Willie thinks 2014 will be a pivotal year for the U.S. Dr. Willie says, “We’re going to end this year with no resemblance to the beginning.
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Bitcoin is like cash for the internet. You can send bitcoin from person to person with not much more than an online address and a password. No bank required.
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Spot what is missing in the just blasted headline from Bloomberg: •IRAN, RUSSIA SAID TO SEAL $20B OIL-FOR-GOODS DEAL: REUTERS
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Imagine it’s 2040. You go to the grocery store, and when you look for the checkout counter there is none. There’s no place to pay for your groceries because you already did.
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Sovereign governments everywhere are petrified.
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Global
What is happening in Argentina provides a valuable lesson in why governments in every country on earth control the education of the nation’s children.
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The last dollar devaluation took place under President Roosevelt in 1934, when from being worth 1/20.67th of an ounce of gold in 1933, the dollar was devalued to 1/35th of an ounce of gold.
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The rumor spread quickly. A small rural lender in eastern China had turned down a customer's request to withdraw 200,000 yuan ($32,200).
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Before most people had ever heard of the digital currency bitcoin, Brian Armstrong, a 27-year-old engineer at the home-sharing website Airbnb, thought it could make him a lot of money.
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Two brief observations on incipient shifts in powerful Narratives ...
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After less than three months consideration, the IRS has issued its statement clarifying th etax treatment of Bitcoins (and other virtual currencies) before the April 15th Deadline.
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Ultimately The Dollar Will Be Rejected ~ Ron Paul March 21, 2014
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With the ink still wet on the referendum vote slips and the Duma's agreement to accept Crimea into Mother Russia, the Crimean Mint (since we pre-suppose there is one) has wasted no time in creating the new coinage for the nation. As Crimea transition
Opinion •
Global
It is an interesting historical fact that people who take part in rebellions tend to coin their own money – not when the rebellion concludes, but as it starts.
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How’s this for irony - In our modern monetary system, the term ‘fiat currency’ refers to this absurd notion of paper currency that is conjured out of thin air by central bankers and backed by nothing but hollow promises.
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The programmer and Native American activist Payu Harris raised a gavel Monday night and vigorously banged the bell to open trading at The Bitcoin Center, a meeting space for virtual currency geeks that looks like an empty art gallery in the middle of
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Newsletter writer Dr. Jim Willie thinks the Ukraine crisis is an enormous struggle for financial power between East and West.
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"A week before the recent BRICS summit in Durban, the Kremlin administration has silently produced a document (PDF) which describes the Russian strategy in the context of BRICS cooperation.
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Global
I read a story recently about a group of dandies who want to “help regulate Bitcoin, for its own good.” The thing about these guys is that they don’t really care about Bitcoin as a beautiful, disruptive technology or even for the great benefit it bri
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I've already explained why meaningful trade and financial sanctions against Russia are a non starter – everyone would lose from such action. Europe would be pushed back into recession, Russia into financial meltdown.
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Nic Cary, CEO of Blockchain.info, the world's most popular bitcoin website, annouced plans to buy Bitcoin trading platform RTBTC on "Market Makers." (Source: Bloomberg)
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Japan will this week set out rules on how to handle bitcoins, the first sign that the government is taking action on regulating the virtual currency after the collapse last week of Tokyo-based Mt. Gox, once the world's dominant bitcoin exchange.
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If bitcoin is going to survive as a digital currency, it's going to have to convince investors their holdings are safe.
