26 Dec '13, 6am

Bitcoin paradise

Bitcoin paradise

A GROUP of self-described anarchists, libertarians and Ron Paul supporters fleeing the crumbling world economic system have founded Galt's Gulch, a community in Chile inspired by Ayn Rand's “Atlas Shrugged”—and with an economy based entirely on Bitcoin. Or that's the goal, anyway. "Our farm workers and suppliers still want to get paid in pesos,” Ken Johnson, the project’s founder and managing partner, explains. "But Bitcoin as the John Galt coin? Why shouldn't it be?” If the world economic system "goes sideways," as Mr Johnson puts it, residents will retreat to their self-sufficient gated community, where they will enjoy a shooting range, equestrian facilities, and spa and fitness center. The 6,874-hectare site (pictured) also includes a 100-hectare farm, although it is not clear who will pick the lettuce when the world ends. Galt's Gulch Chile—a name impossible for local ...

Full article: http://www.economist.com/blogs/schumpeter/2013/12/liberta...

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Libertarian enclaves: Bitcoin paradise | The Ec...

economist.com 26 Dec '13, 7am

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myaccount.nytimes.com 28 Dec '13, 11pm

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Bitcoin Is Evil

myaccount.nytimes.com 28 Dec '13, 7pm

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

scmp.com 26 Dec '13, 6pm

Investors looking for a way to make money from the global bitcoin bonanza should steer clear of the pseudo currency itself...

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economistsview.typepad.com 25 Dec '13, 5pm

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Bitcoin

Bitcoin

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On behalf of the Bitcoin Magazine Team, we would like to wish you all a Merry Christmas, Happy Hanukah, and a fantastic Ne...

A Trip Through The Bitcoin Mines

A Trip Through The Bitcoin Mines

silveristhenew.com 25 Dec '13, 10pm

Once upon a time, money – in the form of precious metals – used to be literally dug out of the earth. Limitations on the a...

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businessinsider.com 27 Dec '13, 12pm

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"Fiat money is backed by men with guns, Bitcoin is not" @NYTimeskrugman #peace

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businessinsider.com 25 Dec '13, 6pm

Economist and Nobel Prize winner Paul Krugman says that "in principle, you can have assets, which are considered valuable,...

#Bitcoin 101 - Dummies Guide #cryptocurrency

#Bitcoin 101 - Dummies Guide #cryptocurrency

webbroi.com 26 Dec '13, 8pm

Low inflation risk - Inflation is the biggest risk with existing fiat currencies used around the world. Over time all curr...

Krugman

myaccount.nytimes.com 28 Dec '13, 9pm

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Bitcoin

Bitcoin

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forbes.com 24 Dec '13, 4pm

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scmp.com 26 Dec '13, 8am

Investors looking for a smart way to make money from the global bitcoin phenomenon should steer clear of speculating in th...