30 Nov '13, 5am

Governments Will Struggle to Control Bitcoin

Yves here. I was extremely puzzled to see various US regulators make cautiously positive remarks about Bitcoin in Congressional hearings. One would expect them to be opposed. First, Bitcoin is a cash proxy without many of the inconveniences of cash, in particular, the fact that carrying lots of bills to complete large transactions can be conspicuous and inconvenient. That is terribly useful to tax evader and criminals. Second is that if it were to become terribly successful, it would compete with official currencies. But I now have a guess as to what happened. The officialdom is prisoner of its ideology. Bitcoin is an innovation, ergo it must be good. By Jonathan Levin , postgraduate student, University of Oxford. Cross posted from MacroBusiness The hearings in the US senate last week were the most high profile public discussions that have taken place on the subject of vir...

Full article: http://www.nakedcapitalism.com/2013/11/governments-will-s...

Tweets

Will Bitcoin Become A Real Currency Or Remain A Speculative Tool?

Will Bitcoin Become A Real Currency Or Remain A...

businessinsider.com 29 Nov '13, 3pm

, and Lightspeed Ventures partner Jeremy Liew discuss whether bitcoin can become a real currency, or whether it will just ...

Bitcoin bubbles but will it burst?

rt.com 29 Nov '13, 8am

Where does this leave bitcoin? Yes, it probably is overvalued. A day of reckoning is likely on the horizon when the realiz...

Infographic: What is Bitcoin? via @CNNMoney

money.cnn.com 03 Dec '13, 1pm

Though each bitcoin transaction is recorded in a public log, names of buyers and sellers are never revealed – only their w...

In the Murky World of Bitcoin, Fraud Is Quicker...

myaccount.nytimes.com 06 Dec '13, 10am

Log in to manage your products and services from The New York Times and the International New York Times. Don't have an ac...

Bitcoin Mining Is Getting Out of Control

kotaku.com 26 Nov '13, 11am

points out, the puzzles are getting increasingly difficult. And once 21 million Bitcoins are produced, production will cea...

US Regulators: the World's Bitcoin Police?

US Regulators: the World's Bitcoin Police?

coindesk.com 30 Nov '13, 10am

It’s clear that some of the top cops in the United States aspire to regulate virtual currencies on a global scale. A serie...

WiFi & Bluetooth Bot Control

WiFi & Bluetooth Bot Control

hackaday.com 29 Nov '13, 6pm

So, what are they? They’re configurable apps that are capable of taking in an IPCam video signal, and sending various comm...

Will Dance For Bitcoin

hackaday.com 08 Dec '13, 3am

It seems that Bitcoin is all over the news nowadays, but the Bitcoin Bot is probably the first robot that will dance for B...

Bitcoin: Currency or Commodity?

Bitcoin: Currency or Commodity?

socialtimes.com 29 Nov '13, 8pm

There has been continued debate about whether bitcoin is a a ponzi scheme or poised to change the world. Earlier this week...

Are you still not clear on what #bitcoin is? Ou...

wired.com 28 Nov '13, 12pm

Illustration: T.A. Gruneisen/WIRED The price of a bitcoin topped $900 last week, an enormous surge in value that arrived a...

Germany's New Coalition Seeks Greater Control Over Renewables

Germany's New Coalition Seeks Greater Control O...

renewableenergyworld.com 28 Nov '13, 11am

WARSAW -- German Chancellor Angela Merkel and her prospective coalition partners agreed to more tightly control the expans...

Bitcoin Is Crashing by @rjwile

Bitcoin Is Crashing by @rjwile

businessinsider.com 06 Dec '13, 6pm

Bitcoin prices on the Mt. Gox exchange have fallen 24% from Friday highs to below $900 after Baidu announced it would stop...

Despite its flaws, #bitcoin will still take ove...

wired.com 26 Nov '13, 9am

Bitcoiners chat over dinner at the Pink Cow, a Cal-Mex restaurant in Tokyo’s financial district. Photo: Ariel Zambelich/WI...

A new study finds that athletes struggle to kee...

runnersworld.com 02 Dec '13, 11pm

It's from a study of Dutch soccer players, just published in the International Journal of Sports Physiology and Performanc...

Our very own @blhack is on the @hackaday #hsl

hackaday.com 08 Dec '13, 7am

It seems that Bitcoin is all over the news nowadays, but the Bitcoin Bot is probably the first robot that will dance for B...