15 Mar '13, 4pm

“What in the world is a Bitcoin?”: Reporting from Santiago, Chile Earlier in the week, I wrote to you about an...

Reporting from Santiago, Chile Earlier in the week , I wrote to you about an Argentine car rental agency that had started accepting Bitcoins as a means to bypass local capital controls. We received a lot of questions about the article, the most common of which was “What in the world is a BITCOIN?” Let’s start by looking at our current monetary system. In most countries, a small tiny banking elite exercises total control over that nation’s money supply. And we’re just supposed to trust them to be good guys. Yet central bankers around the world have conjured trillions of dollars out of thin air, debasing the money’s value. It’s a concept any six-year old can understand. If money grew on trees, it wouldn’t be worth very much. This is one of the key reasons why people buy gold. You can’t just conjure gold out of thin air. It takes years of exploration and investment to pull it...

Full article: http://www.sovereignman.com/finance/what-in-the-world-is-...

Tweets

Guest Post: "What In The World Is A Bitcoin?"

zerohedge.com 15 Mar '13, 10pm

"..very few valuable services take them.." At the moment. Necessity will drive demand, Bitcoin is still about 5 minutes ah...

Financial crisis revealed and resolved in the w...

EndtheLie.com 14 Mar '13, 6am

Spy Agencies to Get Access to U.S. Bank Transactions Database COULD IT HAPPEN? WIRED: Spy Agencies… Financial crisis revea...

Welcome to the Bitcoin revolution, there's no going back now

Welcome to the Bitcoin revolution, there's no g...

pandodaily.com 15 Mar '13, 8pm

Welcome to the Bitcoin revolution, there’s no going back now By Michael Carney On March 15, 2013 I’ve been aware of Bitcoi...

Finnish software firm offers to pay part of sta...

thenextweb.com 15 Mar '13, 11am

Here’s an interesting experiment, and a first of its kind at least to our knowledge: Finnish HTML5 software developer SC5 ...

Finnish software firm offers to pay part of sta...

thenextweb.com 15 Mar '13, 11am

Here’s an interesting experiment, and a first of its kind at least to our knowledge: Finnish HTML5 software developer SC5 ...

A Flash Crash In The Bitcoin Market This Week R...

businessinsider.com 15 Mar '13, 4pm

Bitcoin has been on a tear this year. The virtual currency, which is exchanged anonymously via an online peer-to-peer netw...

#bitcoin

#bitcoin

motherboard.vice.com 21 Mar '13, 2pm

King Tut's golden burial mask, via Bjørn Christian Tørrissen Plenty of people still have a difficult time wrapping their h...

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 Demographics Of Bitcoin

zerohedge.com 10 Mar '13, 6pm

Finite supply is one, and the other critical difference (which is actually a group of differences) is ultimately adherence...

#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...

Bloomberg

bloomberg.com 21 Mar '13, 3pm

March 21 (Bloomberg) -- Sara Eisen takes a look at Bitcoin, what it is and how it's used. She speaks on Bloomberg Televisi...

Bitcoin's Busy Year

Bitcoin's Busy Year

reason.com 11 Mar '13, 6pm

On Wednesday, BitPay , the world's leading Bitcoin payment processor, introduced a new WordPress tool integrating its serv...

Protect Bitcoin from Politics

Protect Bitcoin from Politics

jacobexmachina.blogspot.com 15 Mar '13, 6pm

If we were to invent money from scratch using all the knowledge available today, we could hardly do better than something ...

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...