21 Jul '13, 7am

Great article: The Mind-Boggling Implications of a Bitcoin Economy #bitcoin

Though often referred to as a virtual currency because Bitcoin live in the ether, they are as real as the funds we access every time we reach for our debit cards. But, as no company or government backs the system, the asset is more like gold and silver in that its value is set by a worldwide market of buyers and sellers. The fact that there is no corresponding physical commodity establishing its value means that it derives its worth solely on the market's assessment of its usefulness as a store of value, a means of exchange, a universally fungible and astonishingly transportable currency. The peer-to-peer nature of the Bitcoin protocol obviates the need to have any repositories -- read: banks -- eliminating the possibility that funds could ever be seized or frozen.

Full article: http://www.americanthinker.com/2013/07/m-the_mind-bogglin...

Tweets

The Mind-Boggling Implications of a Bitcoin Eco...

americanthinker.com 21 Jul '13, 6am

Though often referred to as a virtual currency because Bitcoin live in the ether, they are as real as the funds we access ...

The Mind-Boggling Implications Of A Bitcoin Eco...

beforeitsnews.com 21 Jul '13, 4pm

Just when we thought we had seen the last great innovation of our age, something new appears. Like the internet that came ...

In Bitcoin We Trust? - Wall Street Pit

wallstreetpit.com 19 Jul '13, 8pm

By now you have probably heard of Bitcoin , but can you define it? Most often it is described as a non-government digital ...

How The NSA Scandal Is Good For The Bitcoin Eco...

silveristhenew.com 15 Jul '13, 7pm

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

Beef and Bitcoin #bitcoin

Beef and Bitcoin #bitcoin

bitcoinmagazine.com 26 Jul '13, 2am

If the level of participation shown by meetup attendance is a reliable indicator, Bitcoin interest appears to be rising in...

The (a)political economy of Bitcoin

blog.p2pfoundation.net 11 Jul '13, 11am

A short essay (co-authored with Michel Bauwens) which serves as a point of departure for a P2P Lab ‘s oncoming research pr...

Bitcoin's Open-Air Trading Floor - Businessweek...

businessweek.com 18 Jul '13, 6pm

People gather every Monday evening in New York’s Union Square to buy and sell the crypto-currency known as Bitcoin. Flashi...

Bitcoin Foundation Files Comments on FinCEN's Liberty Reserve Proceedings

Bitcoin Foundation Files Comments on FinCEN's L...

thegenesisblock.com 19 Jul '13, 8pm

Today the Bitcoin Foundation filed comments with FinCEN regarding the regulator’s Notice of Finding in the Liberty Reserve...

SatoshiDice Sold for $12.4 Million #bitcoin

bitcoinmagazine.com 18 Jul '13, 10am

SatoshiDice is now one of the largest businesses in the Bitcoin economy, beaten out by the mining company ASICMiner , wort...

The Rise Of Bitcoin | by @pepper_law

jdsupra.com 17 Jul '13, 1am

Bitcoin is a virtual currency without physical form or governmental authorization. It trades freely via electronic means. ...

A New Cryptocurrency Wants to Capture the Waste...

vice.com 19 Jul '13, 9am

Some of us are taken with bitcoin. We have learned its basics, and are more or less versed with its socioeconomic implicat...

Bitcoin

paymentssource.com 16 Jul '13, 8am

Kipochi, an African online service launched this month, is looking for a way to connect the digital currency Bitcoin to M-...

Bitcoin's Open-Air Trading Floor: The "currency...

businessweek.com 18 Jul '13, 6pm

People gather every Monday evening in New York’s Union Square to buy and sell the crypto-currency known as Bitcoin. Flashi...

Banking On Bitcoin: Why Americans Are Pinning T...

pymnts.com 18 Jul '13, 1pm

There is a worldwide movement of 'Community Currencies' emerging, which is likely to benefit from, and advance forward the...

Bitcoin company acquisitions begin: Gambling site SatoshiDice sells for $11.5m (126,315 BTC)

Bitcoin company acquisitions begin: Gambling si...

coindesk.com 18 Jul '13, 12pm

Blockchain-based betting game SatoshiDice has been sold for 126,315 BTC, which at the time of writing was worth around $11...