Up and coming investment guru, Kyle Bass recently disclosed a conversation he had with a senior Obama administration official. The official admitted the government’s economic strategy was to “kill the dollar” which Bass called “a dead answer.”
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Can Bitcoin Survive? Is It Legal?
Bitcoin – the online currency used to buy Alpaca wool socks and illegal drugs whose value dropped from $17.50 to “pennies” after a June 19 hack into its currency exchanger, Mt.Gox –has gotten plenty of media attention. But unless consumers and merchants can be persuaded that adopting it will make them better off, it’s likely to go the way of other online currencies.
Read more »FBI raids Chuck E. Cheese over GAME TOKENS, insisting that they constitute counterfeiting.
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Ben Bernanke,
It has come to my attention that you will be compiling a list of people that post derogatory/negative comments about the Federal Reserve...
I doubt you or anyone on your behalf will respond to this letter, however if you do, your reply will be made public.
In Peace, Freedom, Love and Liberty,
Darryl W. Perry
Paying to use a debit card was unheard of before this year and is still a novel concept for many consumers. But several banks have recently introduced or started testing debit card fees. That's in addition to a spate of other unwelcome changes checking account customers have seen in the past year.
Read more »"The virtual currency Bitcoin will "bounce back" after a hack attack caused its value to collapse, according to one of its senior developers."
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If you're an enthusiast of both the Bitcoin currency and the Windows platform, you'll want to beware: there's a Bitcoin-specific trojan virus out there that will scan your computer for the unencypted wallet file and acquire your hard-earned digital capital.
Read more »Senators looking to crack down on Bitcoin purchase and circulations due to the fact that they "may" be being used to purchase "illegal" drugs anonymously.
Read more »A talk show dedicated only to Bitcoin? And a "Bitcoin roadtrip"? Sounds interesting.
Read more »“All the world’s weapons in all the world’s police hands are useless against the public’s ability to keep their cryptographic economy to themselves..."
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Bottom line: The world is going to be turned over by bitcoins unless governments step in and ban them by prosecuting individuals.
1. Bitcoin is a technologically sound project.
2. Bitcoin is unstoppable without end-user prosecution.
3. Bitcoin is the most dangerous open-source project ever created.
4. Bitcoin may be the most dangerous technological project since the internet itself.
5. Bitcoin is a political statement by technotarians (technological libertarians).*
6. Bitcoins will change the world unless governments ban them with harsh penalties.
If you want to drive a rational economic-type of person crazy, simply mimic Fed Chairman Ben Bernanke's willful refusal to acknowledge seemingly obvious inflationary trends.
You can start by quoting Dr. Bernanke's observations on the ramp in commodity prices, made Monday night:
"I think the increase will be transitory, that it will pass, and we will go back to a level of inflation that is consistent with our price stability mandate."
Read more »A Google engineer has released an open source Java client for the Bitcoin peer-to-peer currency system, simply called BitcoinJ.
Bitcoin community member with the avatar “mike” made the announcement earlier this month, stating BitcoinJ is not an “official” Google project, but something developed in the 20 per cent of time Google allows its staff to spend on personal projects.
Read more »Ripple has grown over recent months, from an interesting concept with dormant projects into an actively developing ecosystem.
The Ripple Project (http://ripple-project.org/) aims to build a new form of money which derives from existing social relationships rather than from rigidly inefficient central banking systems. The project involves technological as well as economic, social, and other aspects.
Read more »Congressman Ron Paul (R-Texas) confronts Fed Chairman Ben Bernanke on monetary policy, and says that Fed policy has not helped to stabilize the economy over the last 30 years or so. Paul asks how the Fed can manage monetary policy if it doesn't have a definition for a dollar. And, he adds, gold is the true long-term measurement of value.
Read more »A peer-to-peer currency exchange done without coercive influence is now worth more than the dollar. Which just goes to show that a currency can exist without governmental intervention.
Read more »"Clients of EwalletXpress started realizing after days and days of no change in their accounts that the days of EwalletXpress were coming to an end because the “big bad wolf” huffed and puffed and confiscated their money! That’s right, the Federal Government once again seized a payment processor and yes Virginia, kept all the players money!"
Read more »The Commonwealth of Virginia would begin minting its own gold and silver coins as an alternative currency to the U.S. dollar under a bill that Virginia Del. Bob Marshall says he will file in coming days.
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