Monthly Archives: April 2013

If Bitcoin’s deflationary attributes are detrimental as many of its detractors say then the members of the European Union that are currently in the midst of severe economic problems (Spain, Portugal, Greece, Ireland, Cyprus et al) are doomed since the … Continue reading

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Credit Card Fraud In Comparison To Potential Bitcoin Collapse

According to Tony Gallipi of Bitpay there is currently over 52 billion in credit card fraud per year just in the United States.  Bitcoin has just barely crossed the one billion dollar point in capitalization (by capitalization I mean that … Continue reading

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BBC Bias Bashes Bitcoin AND Freedom?

It was quite a shock to see the BBC, the state funded news agency of the United Kingdom come out saying that pursuing freedom is a hapless pursuit doomed to failure. Especially since, just a decade ago, Winston Churchill had … Continue reading

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How well adapted is Bitcoin for funding the growth of a large black market? It is untraceable so it is always off the books. Merchants wouldn’t have to do any accounting for it nor pay sales tax. Customers would share … Continue reading

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Fox News Reports Western Union Considering Using Bitcoin

Fox News reports The fervor over the digital currency bitcoin has drawn interest from two of the world’s largest movers of money. Western Union Co. (WU) and MoneyGram International Inc. (MGI) are studying ways their customers could use their services … Continue reading

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Perhaps Central Bank Money Creation Manipulates Gold AND Bitcoin

A simple Google search of the term “gold market manipulation”  will show a large number of charges that the gold market is manipulated (including government probes about the same).  After all, fiat money based wealth came into existence by the printing … Continue reading

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Will Japan Be The Next People Group To Embrace Bitcoin (After Cyprus)

After the dust from the Cyprus banking calamity settles I believe Japan will be the next nation to embrace Bitcoin on-mass. What with Japan’s government vehemently embracing monetary inflation there,  anyone leaving their savings in the Japanese Yen will get … Continue reading

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You’ll Never See Bitcoin On The Stock Exchange

You’ll NEVER be able to purchase stock in Bitcoin because Bitcoin as a company does not exist. While there are many Internet based companies (such as Google, FaceBook, Twitter, etc) that are, at their core, just software, their developers (unlike … Continue reading

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Bank Practices That Drive Customers To Bitcoins

“Drive ’em away” Practice #1 – Zombie Banks: This catchy title of an article caught my attention – “What is a zombie bank account?“. I’d never heard the phrase before so I took a look. According to the author Erin … Continue reading

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Compare the Fed, Bitcoin and Gold – Side by Side

Fiat (Central Bank Notes) BitCoin Gold New money created by Federal Reserve Miners Miners New money creation limited by No limit System’s code, algorithm, cost of production, value of finished coin, competition with other miners Finite supply in the ground, … Continue reading

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