29 Jul '13, 8am

Cyprus Depositor Bail-In Set At 47.5% #bitcoin

Cyprus Depositor Bail-In Set At 47.5% #bitcoin

Cryptocurrencies as a form of wealth protection is a highly controversial topic, the main reason being that, especially over the last six months , Bitcoin has been far more volatile than the fiat currencies that its proponents often rail against. Depending on the specific time that they bought in and cashed out, some Bitcoin users have lost even more of what they invested than the 47.5% haircut taken by Cyprus depositors – and Bitcoin has no depositor insurance threshold. However, as a small part of a toolbox Bitcoin is certainly a very valuable tool. The best analogy here comes from the world of electricity. If you have a circuit with current passing through a number of resistors in parallel, what happens if you add another resistor, one with extremely high resistance, into the mix? The answer is, only a small amount of current will pass through the new resistor and, all ...

Full article: http://bitcoinmagazine.com/cyprus-depositor-bail-in-set-a...

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Thailand Just Became Test Bed For What Happens When Bitcoin Is Banned by @danstuckey @motherboard

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The Bitcoin Gambling Diaspora #bitcoin

The Bitcoin Gambling Diaspora #bitcoin

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twitlonger.com 04 Aug '13, 3pm

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