Tag Archives | Bitcoin

Stefan Molyneux On How Cryptocurrencies Can Curb Unsustainable Government Growth

BitcoinThe Next Web catches up with Stefan Molyneux to discuss Bitcoin and other cryptocurrencies and their impact on government and society:

Via The Next Web:

TNW: To what extent will Bitcoin and other cryptocurrencies even things out, taking power back from governmental bodies?

SM: One of the most important aspects of cryptocurrencies is the degree to which they deny inter-generational debt, deficit-financing, and the easy money required for imperialism and war.

As a species, we generally consider ourselves to be very considerate and thoughtful towards the young. Unfortunately, that does not find reflection in our governmental policies, which burden the unborn with staggering debt, none of which would be possible with cryptocurrencies.

The power of the state to create money out of thin air, control interest rates, and pretend that it is providing value to the population, when it is merely debasing their currencies and lowering them into a chasm of debt, will face a serious challenge from Bitcoin and other cryptocurrencies.

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28 Year-Old Bitcoin Exchange CEO Found Dead in Singapore

BitcoinThey’re saying it might be a suicide. There’s been a lot of theft, hacking and bad press aimed at Bitcoin lately. Now this. Make you wonder…

Via Raw Story:

The 28-year-old American boss of a Bitcoin exchange has been found dead at the base of a Singapore apartment block, police and reports said Thursday, in the latest misfortune linked with the troubled virtual currency.

Singapore police said they were investigating the “unnatural” death of Autumn Radtke, chief executive of Singapore-based First Meta, on February 26, but that no foul play was suspected.

A local technology website first reported she may have committed suicide, but later updated its report to say it was “unclear” how she died.

Broadcaster Channel NewsAsia said on its website Thursday that Radtke “was found dead at the bottom of an apartment block”.

Her death comes as the virtual currency community is in turmoil after the collapse of Tokyo-based MtGox, one of the longest-established Bitcoin exchanges, due to a suspected theft worth nearly half a billion dollars.

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Fragmentation of Bitcoin Community Begins after the Collapse of Mt. Gox and Secondmarket’s Wall Street Exchange Proposal

bitcoin wall streetvia chycho

A few comments regarding Bitcoin and the recent developments with Mt. Gox (2, 3, 4, 5, 6, 7, 8, 9) and the announcement that SecondMarket is stepping into the game and planning to launch the “first New York-based Bitcoin exchange” (emphasis added):

“SecondMarket CEO Barry Silbert says that he’s modeling it after the early days of The IntercontinentalExchange (ICE), and that he hopes to have a set of founding members in place by the end of March (i.e., a ‘seat’ model). These members are expected to include Wall Street banks and well-funded Bitcoin startups (think Circle and Coinbase). Non-member firms or individuals would not be allowed to trade — at least at the outset — but likely could do business via the member firms.

When Wall Street insiders announce that they are joining your game, but not allowing you to play on their field, which is what is implied with “Non-member firms or individuals would not be allowed to trade”, one should be concerned that the fundamental rules of the game may be changing, but, unfortunately, with fear running rampant within the Bitcoin community due to the collapse of Mt.

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Idiot’s Guide to Bitcoin

Bitcoin banknoteJust in case there are any disinfonauts still wondering what this Bitcoin thing is, Venturebeat supplies an idiot’s guide:

Drama, greed, controversy, conspiracy, crime, risk, theft, speculation, wealth — such was the world of Bitcoin in 2013.

The crypto-currency captivated us with its soaring highs and plunging lows in 2013, rising from $10 to $1,200 in the course of a year. It surpassed the value of gold at its peak before crashing down to $500. Today it flutters between $380 and $682 on different exchanges.

We watched breathlessly as early Bitcoin owners became millionaires and authorities seized millions of dollars worth of Bitcoins from the the Web’s notorious black market, the Silk Road. We witnessed efforts to uncover the identity of Bitcoin creator Satoshi Nakamoto, and we listened to luminaries in finance and economics heatedly debate Bitcoin’s future.

Millions of people followed the saga, but far fewer chose to buy Bitcoin themselves amidst all the uncertainty and volatility.

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Founder of LiteCoin on the future of Bitcoin Regulations

In this video Luke Rudkowski interviews the founder of LiteCoin Charles Lee at the recent NYS regulatory bitcoin hearings.The Litecoin Project was conceived and created by Charles Lee with support of members in the Bitcoin community. It was pre-announced and was launched on October 13th, 2011. Based on Bitcoin’s peer-to-peer protocol, Litecoin brings a number of features viewed by its development team as improvements over Bitcoin’s implementation

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