Category Archives: Tidbits and Quips

Quick, short one liners to short paragraphs containing an “aha moment” about Bitcoin.

Bitcoin SpeakEasies Coming To US?

A speakeasy, also called a blind pig or blind tiger, is an establishment that illegally sells alcoholic beverages. Such establishments came into prominence in the United States during the Prohibition era (1920–1933, longer in some states). During that time, the … Continue reading

Posted in Bitcoin and Government, Tidbits and Quips | Comments Off on Bitcoin SpeakEasies Coming To US?

Money Backed By Services Or Products

Nearly everyone is familiar with gift cards but few realize that the concept behind them really is that they are a type of money backed by services or goods and the “good faith and credit” of the issuing company. How … Continue reading

Posted in Bitcoin Businesses, Bitcoin Philosophy, Tidbits and Quips | Comments Off on Money Backed By Services Or Products

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

Posted in Bitcoin Philosophy, Tidbits and Quips | Comments Off on BitNodes Providing Data Regarding The Velocity Of Bitcoin

“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

Posted in Tidbits and Quips | Comments Off on “Intrinsic Value” Argument Ilconceived Against Bitcoin

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

Posted in Tidbits and Quips | Comments Off on Gold Backed Bitcoin?

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

Posted in Tidbits and Quips | Comments Off on Is Bitcoin An Energy Hog? In Comparison To What?

The Cost To Live W/O Food & Energy?

I was doing some research on the “real’ inflation rate in the U.S. and was reviewing how the government removed food and energy from their CPI calculations. It suddenly occurred to me the utter absurdity of trying to calculate the … Continue reading

Posted in Tidbits and Quips | Comments Off on The Cost To Live W/O Food & Energy?

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

Posted on by Robert Lefebvre | Comments Off on EU Countries Have No Inflationary Options

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

Posted in Tidbits and Quips | Comments Off on Credit Card Fraud In Comparison To Potential Bitcoin Collapse

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

Posted on by Robert Lefebvre | Comments Off on Bitcoin Black Markets