Tag Archives: Bitcoin

Bitcoin Is a Revolution, Not an Investment

FREEMANSPERSPECTIVE It has been interesting to see large numbers of people pay attention to Bitcoin in the past year or so. The reason for that attention was the exchange price of Bitcoin, which made a lot of early adopters wealthy. … Continue reading

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IRS slams Bitcoin millionaires with new tax rules… Is gold next?

by Simon Black Bitcoin tax rules finally came to the Land of the Free yesterday. And I have to imagine there are some not-too-happy campers this morning, if they even know about it. Bitcoin taxes were inevitable. I’ve written about … Continue reading

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Indians lose crores in bitcoins as Japan exchange collapses

In a rude jolt to growing virtual currency frenzy in India, bitcoins worth crores of rupees held by some Indians have vanished with collapse of Japan-based Mt Gox, which was the world’s largest bitcoin exchange so far. Having filed for … Continue reading

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Bitcoin plunges as major exchange halts withdrawals

Bitcoin prices plunged early Friday after Mt.Gox, the major exchange for the virtual currency, said it was forced to halt withdrawals for customers. Mt.Gox said an increase in withdrawal requests caused technical problems for its systems. “To understand the issue … Continue reading

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The Future of Money – Trace Mayer at Inside Bitcoins 2013 Las Vegas

If just one percent of the assets in offshore tax haven bank accounts come into bitcoin.. 2.8 million USD per bitcoin

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Fidelity now allows clients to put bitcoins in IRAs

Fidelity has partnered with SecondMarket’s Bitcoin Investment Trust to allow its clients to save for their retirement by putting the virtual currency in self-directed IRAs. “If you are a Fidelity client, you can now invest in the Bitcoin Investment Trust … Continue reading

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Chinese Bitcoin Market Collapses

The Chinese Bitcoin market has collapsed this morning. If the powers that be cannot control something, then they will regulate it until it is destroyed. Bitcoin, the Constitution, Healthcare or the free market are all in the crosshairs of our … Continue reading

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Purity Police

FREEMANSPERSPECTIVE If I happen to be near Jay’s bar on a Tuesday afternoon, I try to stop in. That’s when my friends from the cypherpunk days are likely to be there. We always had meetings in Jay’s back room at … Continue reading

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Do You Know Where Your Chinese Bitcoins Are?

It is 9:45 PM EST on Thanksgiving. People in the United States are buying Bitcoins (fiatleak.com) at $1200 and up. The strange thing is that in the past ten minutes, China has not bought any Bitcoins. Update 10:20 PM. China … Continue reading

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Bitcoin Or A Bank? Here’s How They Stack Up

More…

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Food for Thought Concerning Bitcoin

Feds give thumbs up to bitcoin Virtual currencies like bitcoin have legitimate uses and should not be banned, federal law enforcement officials told a Senate panel Monday. While the officials warned that virtual currencies are popular with drug dealers and … Continue reading

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Bitcoin Soars Above $600: Rises 20% In One Day Ahead Of Senate Hearing

While the relentless multiple expansion (if not so much earnings growth and certainly not revenue contraction) looks set to push all three main stock indices over the key psychological levels of 16000, 1800 and 4000, with the all time bubble … Continue reading

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Bitcoin = Drug trade? Angry US govt seeks to curb alternative currency

Bitcoin has increased from $400 on Friday to $600 today (fiatleak.com). A 50% increase in three days over a weekend? Ask a banker or financier what this really means. I suspect that Congress has discovered another diversion for the American … Continue reading

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Bitcoin Rises Over $500

If you go to fiatleak.com today, you will see why Bitcoin is rising. The mad dash to transfer dollars and yuan to Bitcoins is exploding. David DeGerolamo One day before the Senate’s digital currency hearing titled “Beyond Silk Road: Potential Risks, … Continue reading

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Is Bitcoin More Dangerous than “Cartel Money”?

FREEMANSPERSPECTIVE I’m going to use a couple of passages from the Bible (the original set of moral standards for our Western civilization), followed by an examination of both Bitcoin and cartel money, to see how they hold up in comparison. … Continue reading

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