07 Nov '13, 7am

@naval

Proponents of the role of government argue that a currency with fixed supply will fail. They posit that inflation is required to keep people spending and that prices and wages are still as sticky as they were decades ago. They overlook that the world functioned on fixed money supplies until 40 years ago (the gold standard), and that bitcoin can gather many uses and value long before it has to become the main currency in which all prices are denominated. Another fear is that a central actor could take over the Bitcoin computing network – but the combined Bitcoin distributed supercomputer runs at the equivalent of 2,250 PetaFLOPS, 90x the rate of the fastest supercomputer (note – in Nov, it’s now 48,000 PetaFLOPS!), and consumes an infinitesimal fraction of the resources used by a bloated banking system. Many label it as a speculative pyramid scheme – without realizing that ...

Full article: http://startupboy.com/2013/11/07/bitcoin-the-internet-of-...

Tweets

Is This Why Bitcoin Is Surging?

zerohedge.com 06 Nov '13, 11pm

Really? What about tier 1 assets? What is collateral? Who controls bitcoin redemption? And my personal favorite: the gover...

REMINDER: Bitcoin Is The Perfect Asset Bubble -- Prices Could Go Vastly Higher From Here

REMINDER: Bitcoin Is The Perfect Asset Bubble -...

businessinsider.com 07 Nov '13, 12pm

Earlier this year, the price of the electronic currency Bitcoin exploded upwards, making its early advocates rich and smug...

Poll: How many Bitcoin do you own?

news.ycombinator.com 07 Nov '13, 3am

I bought 50$ of bitcoins a year ago. I have sold them this week for 100$. I'll buy back when it's low.At first I thought a...

Car Equipment Startup Tomcar Australia Starts Accepting Bitcoin

Car Equipment Startup Tomcar Australia Starts A...

techcrunch.com 05 Nov '13, 11am

Tomcar Australia , a Melbourne-based startup that sells original off-road vehicles and equipment online, is now accepting ...

Bitcoin Climbs to Record on Wider Acceptance, China Trade

Bitcoin Climbs to Record on Wider Acceptance, C...

bloomberg.com 06 Nov '13, 8pm

Bitcoin’s price hit a record at $265 on the BitStamp online exchange, driven by wider acceptance of the virtual currency. ...

Everything you need to know about the Bitcoin ‘...

washingtonpost.com 08 Nov '13, 9pm

The price of bitcoins rose above $300 for the first time ever Friday, sparking renewed media attention and fresh claims th...

Fine fine money money. Singapore is all about m...

twitter.com 09 Nov '13, 3am

To bring you Twitter, we and our partners use cookies on our and other websites. Cookies help personalize Twitter content,...

RussiaToday: Venture Capital: Muslim money & ex...

silveristhenew.com 03 Nov '13, 2pm

Britain is seeking money from the Middle East in its ambition to become the first country outside of the Muslim world to o...

The First #Bitcoin ATM #news #economy #internet #money #privacy

The First #Bitcoin ATM #news #economy #internet...

disinfo.com 02 Nov '13, 9pm

VANCOUVER (Reuters) – A silver and blue ATM, perched up next to the espresso bar in a trendy Vancouver coffee shop, could ...

The Bitcoin Association of Australia

The Bitcoin Association of Australia

bitcoinmagazine.com 01 Nov '13, 8pm

The state of Bitcoin in Australia is strong. The local Bitcoin economy is the healthiest it has ever been. Its newly incor...

Venture Capital: Muslim money & extending Bitco...

youtube.com 03 Nov '13, 2pm

Britain is seeking money from the Middle East in its ambition to become the first country outside of the Muslim world to o...

If Bitcoin goes to zero, what will be left? More than you think

If Bitcoin goes to zero, what will be left? Mor...

gigaom.com 05 Nov '13, 4pm

“Bitcoin will go to zero or to many, many zeroes.” That’s the prediction of Shakil Khan , a Spotify investor and virtual c...

Bitcoin hits $200 but where did this digital money trend really start?

Bitcoin hits $200 but where did this digital mo...

pandodaily.com 28 Oct '13, 1pm

Bitcoin hits $200 but where did this digital money trend really start? By Will Bancroft On October 28, 2013 In recent days...

Western Union: Bitcoin Not Ready For PrimeTime Yet

Western Union: Bitcoin Not Ready For PrimeTime Yet

coindesk.com 01 Nov '13, 1pm

Is bitcoin ready for primetime? Presenters at a recent Western Union conference didn’t think so. At its 2013 Consumer Prot...

Start-up raises $9m to take bitcoin mainstream ...

finextra.com 01 Nov '13, 12am

Start-up raises $9m to take bitcoin mainstream 22 hours ago | 1743 views | 0 US start-up Circle has secured $9 million in ...