Category Archives: Bitcoin Philosophy

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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Paul Krugman Blows It Big Time On Bitcoin

Paul Krugman, a world famous economist asks a REALLY Silly question … Placing a ceiling on the value of gold is mining technology, and the prospect that if its price gets out of whack for long on the upside a … Continue reading

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How About An Equal Playing Field For Bitcoin!

The European Banking Authority said “Currently, no specific protection exists in the E.U. that would protect consumers from financial losses if a platform that exchanges or holds virtual currencies fails or goes out of business” & “cases have been reported … Continue reading

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Is Fiat Money The True “Tulip Mania”?

Bitcoin has stirred comparison of itself to the 1637 “Tulip Mania” that saw tulip bulbs’ values rise to 10 times the annual salary of a skilled Dutch craftsman. But, really, is the tulip mania starting or is it ending? Perhaps … Continue reading

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Bitcoin vs. Gold In A High Interest Environment

Now this will be pure speculation since Bitcoin has never been around in a high interest environment and neither are we near a high interest rate but I would think Bitcoin would still continue to rise in value while gold … Continue reading

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Is It Volatilty Or Resilience?

re·sil·ience riˈzilyəns/ noun noun: resilience; plural noun: resiliences 1. the ability of a substance or object to spring back into shape; elasticity. “nylon is excellent in wearability and resilience” 2. the capacity to recover quickly from difficulties; toughness. “the often … Continue reading

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Bitcoin vs. Fiat – A Zero Sum Game

In economics, a zero sum game is: a mathematical representation of a situation in which a participant’s gain (or loss) of utility is exactly balanced by the losses (or gains) of the utility of the other participant(s). If the total … Continue reading

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Potential High, Greenspan, Bubble, Tulip Mania etc.

I haven’t made a post in a while. I’ve stepped back a bit so I could still see the forest through the trees. It seems everybody and their brother is coming out with some type of appraisal on what Bitcoin … Continue reading

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