Archive for the politics Category

Here’s what critics miss about Bitcoin’s long-term potential

Here’s what critics miss about Bitcoin’s long-term potential

03 Dec 2013 / Washington Post – On Sunday, Business Insider’s Joe Weisenthal admitted he was rethinking his former view that Bitcoin was a “currency for clowns.” But Matt Yglesias still isn’t convinced that Bitcoin is anything special: Bitcoins are more portable than either suitcases full of

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My Open Letter to Peter Schiff (followup from the debate today) By Erik Voorhees

My Open Letter to Peter Schiff (followup from the debate today) By Erik Voorhees

02 Dec 2013 / Reddit / By Erik Voorhees – An Open Letter to Peter Schiff A follow-up to the discussion on the Peter Schiff Show, December 2, 2013 (this has been emailed to Peter just now) Dear Peter, It was a privilege and an honor to

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Banking on Bitcoin

Banking on Bitcoin

02 Dec 2013 / Ren Gazzette-Journal – An online travel agency in Los Angeles and a European private university have begun accepting payments in the popular virtual currency known as Bitcoin, a sign that businesses are moving into a new global economic era. CheapAir.com, an online travel

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BitPay Drives Explosive Growth in Bitcoin Commerce

BitPay Drives Explosive Growth in Bitcoin Commerce

02 Dec 2013 / ATLANTA–(BUSINESS WIRE)–BitPay, the world’s leading merchant processor for virtual currencies, announces that in November it processed a record 55,288 bitcoin merchant transactions, representing a 165% increase from October. Strong activity from KNC Miner, Gyft, and Amagi Metals led the increase. “No merchant service

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At Least 54 Bitcoin Clones Have Been Created Since April

At Least 54 Bitcoin Clones Have Been Created Since April

02 Dec 2013 / Business Insider – At least 54 different digital currencies have been created in the past seven months. That’s according to CoinWik.org, a Wiki site tracking digital currencies. The most recent is Asicoin, born on Sept. 11. It’s advertised as a coin designed just

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Bitcoin’s $13.50 To $1,200 Eleven Month Climb—Now Taxes

Bitcoin's $13.50 To $1,200 Eleven Month Climb---Now Taxes

02 Dec 2013 / Forbes – Even if you weren’t intrigued by other aspects of the rock star digital currency, it’s hard to argue with over 5,000% appreciation in less than a year. The Wall Street Journal asked Should You Invest in Bitcoin? and printed a WSJ special

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A College Kid Made Over $24,000 Yesterday Just By Waving This Sign On ESPN

A College Kid Made Over $24,000 Yesterday Just By Waving This Sign On ESPN

01 Dec 2013 / Business Insider – A college student quickly made over $24,000 just by waving this sign on TV. Here’s the deal: Yesterday on ESPN’s “College GameDay” (an ESPN college football show that’s filmed at a different college campus each week) some student held the

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Today’s Strange Bitcoin Idea, The Gold Backed Bitcoin

Today's Strange Bitcoin Idea, The Gold Backed Bitcoin

01 Dec 2013 / Forbes – This particular idea rather has me scratching me head as I can see a small publicity value to this idea and no other practical one at all. The idea being to produce physical bitcoins that are partially gold. That sounds like

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Waiting for bitcoin to get boring

Waiting for bitcoin to get boring

01 Dec 2013 / Reuters – Something of a milestone was reached very early in the morning of Friday, November 29, a time when most Americans were either sleeping off their Thanksgiving excesses or out seeking Black Friday bargains. At the end of Wednesday, the price of

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‘Bitcoin’ becoming a bit too big; regulators scramble for norms

'Bitcoin' becoming a bit too big; regulators scramble for norms

01 Dec 2013 / Economic Times – NEW DELHI: As Bitcoin becomes more popular day by day, regulators are getting worried about potential money laundering risks associated with this digital currency and its possible misuse by fraudsters to lure gullible investors into ‘e-ponzi’ schemes. Adding to the

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