14 Mar '13, 11pm

Max Keiser: HuffingtonPost - 'Is Bitcoin Money?' [YES. YES. YES. YES.]

Aristotle was wrong, money does not need to have intrinsic value. This has been proven by todays fiat money which none the less has worked as money for nearly a hundred years now., ergo Aristotle was wrong. This is because of a misunderstanding of value. Value does not come from the “thing” all value comes from people. Therefore the 4th aspect of money is that it requires the faith of the people. Faith is being lost in traditional fiat money for obvious reason, but the attributes and properties of Bitcoin encourage faith amongst its users. For when people accept a currency as payment for their time and energy it increases the value of that currency, here in lies the secrete of bitcoin. The value of bitcoin has nothing whatsoever to do with mining and complex cpu calculations. Mining is merely a functional aspect to provided for and infrastructure for bitcoin to operate on.

Full article: http://maxkeiser.com/2013/03/14/64051/

Tweets

Is Bitcoin Money?

huffingtonpost.com 14 Mar '13, 9pm

Privacy is an age of universal email collection and spying, with millions of CCTV camera's, and warrantless spying pervasi...

The Intrinsic Value of Bitcoin.

The Intrinsic Value of Bitcoin.

silveristhenew.com 15 Mar '13, 11pm

Be prepared for the next great transfer of wealth. Buy physical silver and storable food . goldsilverbitcoin.com / by zapa...

@bitcoinmoney

fincen.gov 19 Mar '13, 12am

FinCEN understands that the exchanger's activities may take one of two forms. The first form involves an exchanger (acting...

@d_sanchez1 Yes. We will be restocking the Air ...

twitpic.com 11 Mar '13, 11pm

Copy & paste this code into your website <a href="http://twitpic.com/cal54o" title="RT @nikestore: @d_sanchez1 Yes. We wil...

#ProtectYourself & #YourFamily from the #bankst...

imgur.com 17 Mar '13, 10am

Imgur is used to share photos with social networks and online communities, and has the funniest pictures from all over the...

Stop Press: European Parliament votes yes to 20...

renewableenergyfocus.com 14 Mar '13, 12pm

<p>&quot;The Parliament has once again recognised what a strong renewables industry, driven by ambitious targets, can do f...

European Parliament votes yes to 2030 renewable...

ewea.org 14 Mar '13, 1pm

"The Parliament has once again recognised what a strong renewables industry, driven by ambitious targets, can do for Europ...

Bitcoin – the future of money?

vccircle.com 11 Mar '13, 11am

Bitcoin is a massively disruptive innovation. The key is in the first sentence of the definition above – Bitcoin bypasses ...

More info on the #bitcoin chain fork:

bitcoin.org 12 Mar '13, 3am

11/12 March 2013 Chain Fork Information What happened A bitcoin miner running version 0.8.0 created a large block (at heig...

#bcpoli

cleantechnica.com 10 Mar '13, 11am

What a beautiful infographic this is. Yes, it needs to be out there for many more to see. (That’s our job!) Thanks for bri...

yes, UKISS will visit Singapore on April 20!check Jig Asia Entertainment Pte Ltd for details!

yes, UKISS will visit Singapore on April 20!che...

facebook.com 06 Mar '13, 1pm

yes, UKISS will visit Singapore on April 20!check Jig Asia Entertainment Pte Ltd for details! U-Kiss 'Collage' Concert Tou...

Yes, the Confederate Flag is Racist and Here’s Why

Yes, the Confederate Flag is Racist and Here’s Why

care2.com 06 Mar '13, 11am

A certain odiferously racist symbol is making a comeback at a rural Ontario high school. No, not the swastika. Instead the...

When Governments Take Your Money, Bitcoin Looks Really Good | Motherboard via @motherboard

When Governments Take Your Money, Bitcoin Looks...

motherboard.vice.com 19 Mar '13, 5pm

The tiny island of Cyprus became the center of the financial universe over the weekend, after its leaders, facing financia...

This is how we mint money now: Software upgrade glitch causes bitcoin flash crash

This is how we mint money now: Software upgrade...

QZ.com 12 Mar '13, 3pm

Bitcoin suffered a flash crash overnight, falling 22% in the span of an hour before returning to the record-high levels at...

Bitcoin – the future of money?

Bitcoin – the future of money?

theequitykicker.com 08 Mar '13, 12pm

Bitcoin – the future of money? I’ve been watching the progress of Bitcoin with increasing interest for a year or two now a...