21 Mar '13, 12am

In Spain, The Bitcoin Run Has Started

But the same question has to be asked of Bitcoin as with any other form of currency. If you hold USD's, in the end, your offset is against what the Fed holds which is garbabe (i.e., treasuries, MBS, other CB loans, etc.). If you hold Bitcoins, what is your offset as this currency was in fact simply exchanged for other forms of currency (in this case, primarily the Euro). Hence, Bitcoin is being exchanged with other forms of currency which are essential in the same boat as the USD, (a claim against worthless assets). That is, if you own a Bitcoin, your claim is against the currency being held as remember, all currency is a form of debt with a claim against some type of asset (if any at all). Now if Bitcoin is backed by real assets of value (e.g., PMs, energy, grains, etc.), then I might be more convinced but right now, this looks to be frenzied buying without consideration ...

Full article: http://www.zerohedge.com/news/2013-03-20/spain-bitcoin-ru...

Tweets

#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...

#bitcoin

bloomberg.com 20 Mar '13, 6pm

Worried your government is going to take your savings? There's an app for that. Actually, there's an entire currency: Bitc...

Bitcoin interest spikes in Spain as Cyprus financial crisis grows

Bitcoin interest spikes in Spain as Cyprus fina...

wired.co.uk 20 Mar '13, 12pm

If you think your savings are under threat -- from a banking collapse, government seizure or anything else -- the traditio...

I would run for chocolate over and over and over again. My fun time with Laura....

I would run for chocolate over and over and ove...

runzoerun.com 19 Mar '13, 6pm

The race involved a little bit of sun (say wha??) , my polka dot tutu, and my best friend Lolo. My wave (the first, eek!) ...

Spaniards shield assets in Bitcoin to avoid Cyp...

reason.com 20 Mar '13, 11pm

Reason The great Cypriot bank account grab of 2013 may or may not be off. Sure, Cyprus's lawmakers rejected a proposal tha...

Bitcoin

Bitcoin

news.yahoo.com 18 Mar '13, 12pm

Interestingly enough, several Bitcoin-related apps started spiking on the Spanish iPhone market over the weekend. Bitcoin ...

Bitcoin Apps Soar in Spain – Will the Cyprus Sh...

maxkeiser.com 18 Mar '13, 2pm

“Interestingly enough, several Bitcoin-related apps started spiking on the Spanish iPhone market over the weekend. Bitcoin...

Sorry, but Bitcoin isn't a 'currency'

Sorry, but Bitcoin isn't a 'currency'

go.bloomberg.com 21 Mar '13, 10pm

Photographer: Stephen Hilger/Bloomberg News. Unlike Bitcoins, real currency can be used to buy stuff. The most recent perm...

Bitcoin

bgr.com 18 Mar '13, 12pm

Business March 18, 2013 at 8:40 AM by Tero Kuittinen 8:40 AM Interestingly enough, several Bitcoin-related apps started sp...

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...

The euro is down — and Bitcoin, the peer-to-peer currency, is way up:

The euro is down — and Bitcoin, the peer-to-pee...

theweek.com 22 Mar '13, 1am

How Lululemon got kicked in the (butt-baring) pants Today in business: 5 things you need to know Cyprus rejects the EU bai...

#Bitcoin iPhone App Downloads Soar in Spain as ...

libertyblitzkrieg.com 19 Mar '13, 12am

We all know that Europeans are scared to death about bank account confiscation after the Cyprus fiasco, and it seems some ...

Los liberales, contra leyes curso forzoso. Únic...

p-lib.es 22 Mar '13, 4pm

Partido de la Libertad Individual (P-LIB) admite desde hoy donaciones en bitcoins. De esta manera, los liberales expresamo...