27 Jan '14, 2pm

Bitcoin and the Fictions of Money

Bitcoin and the Fictions of Money

Ethan Miller/Getty Images The D Las Vegas casino recently announced that it would accept Bitcoins. How should we think about a currency like Bitcoin? The first thing to remember is this: Money is a sort of collective fiction. What money we choose to trust says much about how we see the world. Above the simplest exchanges, most money has limited use. Gold, the most common historical currency, is almost only good for adornment. To its fans, gold’s uselessness is a value in itself; since the stock of gold is not consumed, it’s reasonably stable, while governments can print all the currency they want. Paper is, of course, a proxy for the government issuing the money. How much we trust the government’s ability to collect taxes, pay debts, and so on is the collective fiction that gives a country’s money value. Paper or metal, money is worth something only if people continue to b...

Full article: http://bits.blogs.nytimes.com/2014/01/27/bitcoin-and-the-...

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DealBook: Two Executives of Bitcoin Businesses Are Arrested

DealBook: Two Executives of Bitcoin Businesses ...

dealbook.nytimes.com 27 Jan '14, 8pm

Gerard Til/Hollandse Hoogte, via Redux Charles Shrem, who co-founded an exchange for virtual money and spoke on the Bitcoi...

Feds charge Bitcoin start-up founder with money laundering

Feds charge Bitcoin start-up founder with money...

washingtonpost.com 27 Jan '14, 6pm

Less than a year after raising $1.5 million for his Bitcoin exchange start-up BitInstant, CEO Charlie Shrem has been charg...

Prominent Bitcoin entrepreneur charged with money laundering

Prominent Bitcoin entrepreneur charged with mon...

reuters.com 28 Jan '14, 12am

NEW YORK (Reuters) - The vice chairman of the Bitcoin Foundation, a trade group promoting the adoption of the digital curr...

Bitcoin exchange CEO arrested for money launder...

money.cnn.com 27 Jan '14, 5pm

Charlie Shrem, at center, is the CEO of BitInstant. He was arrested by federal authorities on Sunday. NEW YORK (CNNMoney) ...

Bitcoin Foundation vice chair arrested for money laundering

Bitcoin Foundation vice chair arrested for mone...

theguardian.com 27 Jan '14, 5pm

A senior figure in the Bitcoin Foundation, which lobbies on behalf of the digital currency has been arrested for conspirac...

Prominent Bitcoin entrepreneur charged with money laundering - Reuters

Prominent Bitcoin entrepreneur charged with mon...

reuters.com 28 Jan '14, 12am

NEW YORK (Reuters) - The vice chairman of the Bitcoin Foundation, a trade group promoting the adoption of the digital curr...

Five Ways To Make Money With Bitcoin

Five Ways To Make Money With Bitcoin

blogtrepreneur.com 29 Jan '14, 1am

In just five years, this group has achieved a nearly $10 billion market cap. Nakamoto is believed to be in possession of r...

Washington state financial regulation departmen...

reddit.com 26 Jan '14, 10am

On the Department of Financial Institutions (DFI) web page for money transmitters there is a Featured Information section:...

I'm thinking of putting some money into bitcoin...

twitter.com 27 Jan '14, 8am

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I'm thinking of putting some money in bitcoin...

twitter.com 26 Jan '14, 9pm

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

In Praise of Bitcoin, With Little Regard for Banks

dealbook.nytimes.com 28 Jan '14, 9pm

Craig Ruttle/Associated Press Cameron Winklevoss, left, and his twin brother, Tyler, testified on Tuesday at a hearing abo...

This chart chows the top countries where people watched this week's Bitcoin hearings

This chart chows the top countries where people...

businessinsider.com 31 Jan '14, 3pm

We spent a good chunk of this week covering hearings convened by the New York Department of Financial Services on the futu...

Battle for #bank deposits heats up as rates set...

cpf.gov.sg 28 Jan '14, 11am

BANKS in Singapore are competing fiercely for depositors, as the era of unusually low interest rates draws to a close. As ...

Bitcoin vs Gold: Close I have been keeping a rather curious eye on the new digital curre... via @Juli_Becker_

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julibecker.com 27 Jan '14, 5am

As a result, I got involved in companies like Banners Broker and HourlyRevShare, where we were promised to make money with...