Monthly Archives: May 2013

Is Bitcoin Money?

I was looking up info regarding Aristotle’s ideas of what constituted “good” money and came upon this older (2009) article by a GoldMoney fan – http://www.marketoracle.co.uk/Article10370.html. It does a good job showing how, through the use of new digital means, … Continue reading

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A National Defense Aspect Of Bitcoin

I have to start by apologizing to all my “over-seas” (i.e. not from the U.S.) readers if this article comes across as “nationalistic” but it is not intended to be that. Rather, I would hope those readers see in it … Continue reading

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BitNodes Providing Data Regarding The Velocity Of Bitcoin

I found this site, BitNodes.io and thought it might be of interest to some. In economics, “velocity” is a measure of how many times the same currency gets spent by various persons. As this article in Wikipedia explains, it is … Continue reading

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“Intrinsic Value” Argument Ilconceived Against Bitcoin

Many of those that argur against Bitcoin use the argument that Bitcoin has no “intrinsic value” and is often followed with the quip about “holding it in my hand”. I want to attempt a mind expansion for those that succumb … Continue reading

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Do Central Banks Do A Good Job Of Managing Economies?

The purpose of Central Banks (according to Dummies.com) is Central banks, like the Federal Reserve in the United States, are designed to make sure that their respective domestic economies run as smoothly as possible. In most countries, central banks are … Continue reading

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Advertise Your Website With Bitcoin

One of the most often cited problems of Bitcoin is the limited number of places where it can be spent. While in a discussion along those lines someone made the point that you couldn’t buy groceries with Bitcoin. While that … Continue reading

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Congratulations BitPay!!!

Bitpay Raises 2 Million Led By Founders Fund

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James Turk Of Gold Money Praises Bitcoin’ Use With Gold

GoldMoney Founder and Chairman James Turk Source: JT Long of The Gold Report (5/15/13) TGR: Recently, you talked on the “Keiser Report” about Bitcoin (starting at timestamp 11:20). Does it matter if digital currency has no value beyond accounting? Are … Continue reading

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Gold Backed Bitcoin?

Jim Rickards, well known economics speaker and author of the best seller “Currency Wars” makes an incredible statement about Bitcoin and the Currency War games staged by the Pentagon. Listen to this – http://goldsilver.com/video/jim-rickards-why-he-likes-gold-better-than-bitcoin-gold-is-money/ at the time markers from 3:36 … Continue reading

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Is Bitcoin An Energy Hog? In Comparison To What?

Right after writing another “In Comparison To What” story I stumbled upon this story about how marijuana growers use an estimated 1 percent of total US electrical energy! I really don’t have a clue what percentage Bitcoin miners use but … Continue reading

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