The ECB recently released a report on “Virtual Currency Schemes”. It is, in parts, surprisingly well done. It includes a good definition of money, it recognizes that virtual currencies are ‘digital cash’, it discusses Austrian economics and even quotes Rothbard, Hayek and Mises! The guys that put this together are smart and understand “Virtual Currency Schemes” i.e. Bitcoin.
But the piece can be summed up with this line… Should Bitcoin ever truly catch on, it will damage the current banking system and threaten “financial stability”.
Continue reading “Bitcoin, The European Central Bank Sees You As a Threat to Financial Stability”
Bitcoin makes some TV appearances, drama over German gold, talk of European bonds “part-backed by gold”, a report on mobile payments in developing countries, AML enforcement and more.
Continue reading “Bits and Pieces 30thOct12”
Bernard von NotHaus, creator of the Liberty Dollar and ‘domestic terrorist’ is currently awaiting sentencing and faces more than 20 years in prison. Last week the NY Times published the below interview with Mr. von NotHaus, Prison May Be the Next Stop on a Gold Currency Journey.
Continue reading “Bernard von NotHaus, the ‘Rosa Parks’ of the Dollar”
From The Blue Market
This post is a peep into the underground exchange markets for dollars and bitcoins in Argentina. For the last couple of weeks, I have experienced the informal exchange of bitcoin and dollars on first hand in Buenos Aires. Furthermore, I have realized how both locals and expats may reap significant gains by using bitcoins as a medium of exchange.
Continue reading “The Blue Market: Bitcoin, Dollars and Pot-Banging Protests in Argentina”
Dwolla is an online and mobile payment system, similar to PayPal, however, Dwolla’s fee’s are much lower at $0.25 per transaction over $10, and transactions under $10 free of charge. Like PayPal, Dwolla is based on the US dollar. Un-like PayPal, you can use it to purchase bitcoins at exchanges such as Mt.Gox.
Dwolla has just announced their new mass payment system, appropriately titled MassPay.
Continue reading “Dwolla offers new MassPay option”
This piece was recently sent to me by “an old radical.” The message is perhaps a bit harsh, but I have to admit, all I can do is grimace and nod in agreement to this thesis… “Bitcoin and state banking systems are born enemies: only one can survive. If you are imagining that they can peacefully coexist, you are fooling yourself.”
Continue reading “The Old Radical: How Bitcoin Is Being Destroyed”
From the Visual Capitalist, The Gold Series: “Everything You Ever Wanted to Know About Gold in 5 Stunning Infographics.”
- History of Gold
- Supply & Mining
- Uses & Demand
- Gold & Investment
- 2012 Gold Deposit Rankings
Check them out here.
Gold and Bitcoin, two of my favourite things! I recently had a chat with Jay Shore, CEO of Coinabul and Jon Holmquist, Head of Marketing at Coinabul.com, about Bitcoin, gold and how Coinabul works.
Continue reading “Coinabul, a Bitcoin to Gold Marketplace”