29 Mar '13, 4pm

Bitcoin’s Moment: Bitcoin may reach $100 today. That brings the total value of the existing Bitcoin stock (10,...

Well, it’s good as an analogy, but it is both more complicated and more amazing. The numbers are not literally property (from the Austrian perspective), even though they allow control. The functional difference is, apart from some corner cases which are not really important, negligible. It’s kind of like your own thoughts: you don’t really own them, but you can control how you act upon them. Bitcoin simulates the function of property rights without actually there being rights. We can thus use it as if there were property rights. Also, Bitcoin allows things which sound like science fiction. You can have balances in a “m of n keys” accounts. With this, say, three people to “own” a balance together, and in order to use the balance, two people out of three need to agree. One alone cannot use the balance. You can theoretically do this with a bank, but you need to rely on the ba...

Full article: http://lfb.org/today/bitcoins-moment/

Tweets

Bitcoin, up 152% this month, tops $1 billion in total value

Bitcoin, up 152% this month, tops $1 billion in...

QZ.com 28 Mar '13, 10pm

Digital currency bitcoin continues its remarkable and somewhat inexplicable run. It’s up 152% this month, and today the to...

Total value of Bitcoin surpasses $1B

Total value of Bitcoin surpasses $1B

slashgear.com 30 Mar '13, 9pm

The total value of the P2P currency, Bitcoin, has surpassed $1 billion. On Thursday, the exchange rate for the currency su...

Expensify Brings Bitcoin to Main Street #EndtheFed #tlot #RonPaul #bitcoin #Cyprus

Expensify Brings Bitcoin to Main Street #Endthe...

businessweek.com 29 Mar '13, 1pm

Paul Ford writes eloquently in this week’s Bloomberg Businessweek on the rise of Bitcoin, the “media-friendly, anarchist c...

Total Bitcoin value passes $1 billion

theverge.com 30 Mar '13, 6pm

The combined value of all Bitcoins in circulation surpassed $1 billion this Thursday, as the exchange rate for each indivi...

Bitcoin Currency Surpasses 20 National Currenci...

news.slashdot.org 29 Mar '13, 5pm

$1 billion dollars worth of bitcoins now circulate on the web – an amount that exceeds the value of the entire currency st...

Bitcoin

spectator.co.uk 28 Mar '13, 11am

Last time I was here (two weeks ago; how’ve you been?) I briefly mentioned Bitcoin, an emerging internet currency I didn’t...

Bitcoin May Be the Global Economy's Last Safe Haven

Bitcoin May Be the Global Economy's Last Safe H...

businessweek.com 28 Mar '13, 10am

One of the oddest bits of news to emerge from the economic collapse of Cyprus is a corresponding rise in the value of Bitc...

There’s nothing to trust but math." - @ftrain o...

businessweek.com 29 Mar '13, 2am

One of the oddest bits of news to emerge from the economic collapse of Cyprus is a corresponding rise in the value of Bitc...

Digital 'bitcoin' currency surpasses 20 nationa...

foxnews.com 30 Mar '13, 2pm

More than $1 billion dollars worth of a digital currency known as "bitcoins" now circulate on the web – an amount that exc...

Brilliant Programmer Robert McNally Explains What Bitcoin Really Is

Brilliant Programmer Robert McNally Explains Wh...

businessinsider.com 01 Apr '13, 11am

Some former gold bugs certainly think so. And it's value has skyrocketed in recent months. Last week, Bloomberg .com colum...

Explained: Bitcoin and its dramatic plunge in v...

thenextweb.com 03 Apr '13, 10pm

Regardless of your views of the Bitcoin currency, it’s become large enough and in enough market flux at the moment that we...

bitcoin

bitcoin

motherboard.vice.com 26 Mar '13, 6pm

Yep, that's a bitcoin ATM. Via TDV's release . Charging ahead of the bitcoin start-up stampede, Jeff Berwick (Founder of S...

BREAKING: BITCOIN HITS $100

businessinsider.com 01 Apr '13, 2pm

The digital currency Bitcoin just hit $100. The coins have been on a gigantic tear, as you can see only recently they were...

Explained: Bitcoin and its dramatic plunge in v...

thenextweb.com 03 Apr '13, 10pm

Regardless of your views of the Bitcoin currency, it’s become large enough and in enough market flux at the moment that we...

World's First #Bitcoin ATM Is Announced - First...

activistpost.com 25 Mar '13, 7pm

The answer wasn’t hard to come up with. If these people had simply bought bitcoins with their savings, not only would they...