Monthly Archives: January 2014

Bitcoin Is Already BETTER Regulated Than Any Government Agency Could Do

As the “regulators” in NY himm and haww about what to do to regulate Bitcoin they walk right past the forest as they look for trees. What they don’t seem to grasp and seem totally clueless to is that Bitcoin … Continue reading

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Will Bitcoin Adoption Reduce War Damage?

It is widely accepted that fiat money leads to more and more government spending. Even during times of peace they spend more than they take in and put the excess burden on future generations. But if/when war breaks out the … Continue reading

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Re: Upcoming Auction Of Silk Road Coins. A Government Sponsored Bitcoin “IPO”?

With the recent court order of the forfeiture to the government of Silk Road Bitcoins (still pending an appeal if I understand correctly) a public auction of such a large amount of Bitcoin would have all the smells and sounds … Continue reading

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What Does China Expect By Driving Bitcoin Underground?

In a previous article I presented the possibility that a government crackdown in the U.S. could result in creating a similar situtation to what happened here during Prohibition. By making an extremely unpopular law the US government saw where people … Continue reading

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The Best Definition Of “Mining” I’ve Heard Yet!

From Robin Tiegland from the Stockholm School of Economics interview with RT – Bitcoin mining is the process of using computer power to process Bitcoin transactions, secure the Bitcoin network, and ensure that the decentralized Bitcoin system is synchronized. When … Continue reading

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