Free Talk Live - Submitted news - Money

Bitcoin: world's fastest growing currency migrates off the internet

TooNs — Thu, 02 May 2013 05:23:08 +0000

In Kreuzberg, Berlin, virtual currency Bitcoin has expanded off the internet to become a favoured medium of exchange in real shops and bars. Joerg Platzer, the owner of bar Room 77 is helping to establish what he believes to be the world's first Bitcoin local economy.

Bitcoin Smashes Empires

Deslock Darkstar — Thu, 25 Apr 2013 09:57:32 +0000

"What follows is my response to a question that was posted on the Rugatu website asking, "What is the legal status of Bitcoin?" After composing this over the course of 10 minutes or so, I realized I liked the response, and decided I want to "polish it up" into a better op-ed style article. Any feedback, positive or negative (though keep it constructive, please) is appreciated.

Your Reputation Will Be The Currency Of The Future | Co.Exist

StrayLite — Thu, 25 Apr 2013 03:43:44 +0000

In The Nature Of The Future: Dispatches From The Socialstructed World, Marina Gorbis argues that as more and more of our activities are quantified online, your actions could become a new currency. But what happens if good behavior is commodified?

Chinese Woman Sues Monopoly Federal Reserve

snowdog2012 — Tue, 23 Apr 2013 16:02:20 +0000

In what could to grow into a class action in US courts, a Chinese woman is suing the Federal Reserve after discovering that the real value of the USD250 she put in an account in 2006 had shrunk by 30%.

Zerocoin to help Bitcoin become truely anonymous

RADROB — Sun, 14 Apr 2013 12:58:17 +0000

'Zerocoin' Add-on For Bitcoin Could Make It Truly Anonymous And Untraceable.

Obama Meets With Too Big To Jail Banksters

RevolutionNewsDotUS — Fri, 12 Apr 2013 09:21:40 +0000

Real News @ http://RevolutionNews.US — Obama welcomes America's Most Wanted to the White House.... Bankster in Chief, and an opportunity to plead their case for obliteration of the Volcker Rule and a rollback of tougher capital requirements. Translation -- they want to boost leverage and get back to prop trading, encouraging fraud and blowing up the known universe.

Follow the money.

paulie — Fri, 12 Apr 2013 01:48:08 +0000

Where does the money go when buying bitcoins?
No one in bit-landia seems to know, or are willing to tell. LOL
"Follow the money" is the oldest and wisest saying since currency was invented. Soo, who ends up with all the money used to buy bitcoins???
The miners? The exchanges?
The FED's owners get all the value of the Dollar.
Who ends up with all the value of the bitcoin? Bottom line.

Bitcoin: Money of the Future or Old-Fashioned Bubble?

raggedy andy — Tue, 09 Apr 2013 18:53:58 +0000

Bitcoin has been all the rage lately. The stuff, or lack thereof, runs on peer-to-peer technology, is fully decentralized, has no patents, and is open source. Currently, there are almost 11 million bitcoin units in existence and the maximum amount of bitcoin units that will ever be created by the logic of its design are 21 million. For more details on how they work, see the recent Mises Daily “The Money-Ness of Bitcoins” by economist Nikolay Gertchev.

Bitcoin Is Not The Future

Donato — Mon, 08 Apr 2013 18:55:39 +0000

Criticism of Bitcoin by Bloomberg regards the future of the Bitcoin system.

By Matthew Zeitlin Apr 4, 2013 10:29 AM ET

Porsche Sells For 300 Bitcoins

Mattfree88 — Fri, 05 Apr 2013 17:37:19 +0000

Porsche Sells For 300 Bitcoins In Latest Sign The Virtual Currency Is Going Kablooey

Somebody in Texas claims they just sold a Porsche for 300 bitcoins, the latest sign of a bitcoin bubble. Or the rise of our new bitcoin overlords.

An Austin family bragged Tuesday night that it had sold a 2007 Porsche Cayman S for 300 bitcoins, a virtual currency that has long been little more than a curiosity for financial reporters but is suddenly breaking into the broader consciousness, maybe just in time for the whole thing to go kablooey.

Really? bitcoin store in business to aid the bitcoin community???

paulie — Thu, 04 Apr 2013 11:22:59 +0000

As it is portrayed on FTL, the bitcoin store is all about serving the bitcoin community, i.e. "selling for cost." lol Seriously? The store is selling/gambling on upward valuation. It's not a "charity" type enterprise at all. It hedges it's sales on the hope that what it takes in low bitcoin value will be able to sell back to legitimate currency at a far greater rate.

Cyprus Bitcoin ATM Guy Responds - Business Insider

roryn3kids — Tue, 02 Apr 2013 18:17:46 +0000

We tried for two days to get in touch with someone at The Dollar Vigilante, to no avail.
But Berwick has now responded via email to our contentions.
Here is his response in full, as he framed it, with his cuts from our original story in quotes:

Mt. Gox to Sell Litecoin in Additions to Bitcoin | PRLog

roryn3kids — Tue, 02 Apr 2013 06:50:01 +0000

Althought, Mt. Gox has not officially announced the move, their database seems to be setup for support of the fledgling currency litecoin, as can be seen at this data link: https://data.mtgox.com/api/2/LTCUSD/money/ticker

The Great Cyprus Bank Robbery, by Ron Paul

porc578 — Mon, 01 Apr 2013 22:25:50 +0000

APRIL 2013 - The dramatic recent events in Cyprus have highlighted the fundamental weakness in the European banking system and the extreme fragility of fractional reserve banking. Cypriot banks invested heavily in Greek sovereign debt, and last summer's Greek debt restructuring resulted in losses equivalent to more than 25 percent of Cyprus' GDP. These banks then took their bad investments to the government, demanding a bailout from an already beleaguered Cypriot treasury. The government of Cyprus then turned to the European Union (EU) for a bailout.

'Challenging the dollar': Bitcoin total value tops $1 billion

WaxCrax — Sun, 31 Mar 2013 16:00:33 +0000

Already bigger than many sovereign currencies, Bitcoin has broken the $1 billion in value mark this week. In the wake of continuing economic crises and liquidity shortages, this new virtual currency is poised to challenge the euro and US dollar.
By not being tied to any particular financial institution and independent from world governments, Bitcoin will become a safe haven for anyone trying to save their money from the crippled international banking system, claimed Max Keiser, the host of RT's Keiser Report.