4

Bitcoin: Seven reasons to be wary....

http://www.networkworld.com

I declare "The author of this article is clueless...."

Of all the virtual currencies out there, BitCoin is the most interesting from a technical perspective - and the least interesting from the business point of view. But aside from its status as a technical marvel, it has little practical benefit for business users or consumers.

Here are seven reasons why....

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kelvin's picture
Created by kelvin 47 weeks 1 day ago – Made popular 47 weeks 23 hours ago
Category: Money   Tags:
4

Bitcoin Funded Debit Cards

http://www.forbes.com

Yes, it’s entirely possible [according to this Forbes article] to fund your existing debit card, or credit card, with your accumulated bitcoin.

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iluvsushi's picture
Created by iluvsushi 48 weeks 6 days ago – Made popular 48 weeks 6 days ago
Category:   Tags:
4

What Islamic coin collecting taught me about alternative currency

http://silverunderground.com

There’s actually quite a bit to learn from the history of Islamic coinage that could benefit the alternative currency movement today. In the 7th century the Arabian Peninsula was inhabited almost entirely by nomadic tribes of Bedouins. Arabian markets were flush with Roman and Persian silver coins, but when those Empires began debasing their currencies Muslims began to mint their own. So, from the outset the industry of Islamic coins was a movement to provide an honest alternative to fraudulent currency.

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MuslimNonarchist's picture
Created by MuslimNonarchist 49 weeks 1 day ago – Made popular 49 weeks 23 hours ago
Category: Money   Tags:
3

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

http://www.guardian.co.uk

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.

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TooNs's picture
Created by TooNs 6 weeks 6 days ago – Made popular 6 weeks 6 days ago
Category: Money   Tags:
3

Follow the money.

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.

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paulie's picture
Created by paulie 9 weeks 5 days ago – Made popular 8 weeks 6 days ago
Category:   Tags:
3

A libertarian nightmare: Bitcoin meets Big Government

http://www.salon.com

Over the years, Bitcoin has experienced ups and downs; the currency has been targeted by hackers and thieves and botnets and been victim to more than one embarrassing software glitch. But it has persevered, and this week, one can fairly say that Bitcoin came of age. On Monday, the U.S. Treasury’s Financial Crimes Enforcement Network released its first “guidance” as to how “de-centralized virtual currencies” should fit into the larger regulatory regime under which currencies of all kinds are required to operate.

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Cyphase's picture
Created by Cyphase 12 weeks 2 days ago – Made popular 12 weeks 1 day ago
Category: Money   Tags:
3

US plans to allow spy agencies to monitor every citizen’s finances

http://rt.com

Washington is reportedly considering opening all US financial records to national intelligence agencies in order to prevent future crimes.

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awagele's picture
Created by awagele 13 weeks 6 days ago – Made popular 13 weeks 5 days ago
Category: Money   Tags:
3

Gov't Admits It Won't Prosecute Banks

http://www.cnbc.com

Since the collapse of Arthur Andersen, the government is now afraid to prosecute large companies and banks in particular. Unfortunately, they're also unwilling to prosecute individual employees of those same corporations.

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freeAgent's picture
Created by freeAgent 14 weeks 1 day ago – Made popular 13 weeks 6 days ago
Category: Free Market   Tags:
3

Bitcoin 'Glitch' Sparks 23% Flash Crash

http://www.zerohedge.com

The unregulated digital world of Bitcoins suffered another flash-crash last night. According to Ars Technica, the 23% plungefest in the value of the digital currency (the second in a week) was due not to Waddel & Reed, not HFT algos, but 'forking' Cryptographic algos gone wild agreeing on different (legacy) keys as being correct - akin to finding Tungsten in your Gold bars (and hence the drop in the value). This latest glitch is different from the problem that caused Bitcoin prices to briefly crash to zero in June of 2011.

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STACKS's picture
Created by STACKS 14 weeks 19 hours ago – Made popular 14 weeks 3 hours ago
Category: Money   Tags:
3

Erowid Accepting Bitcoin Donations

http://www.erowid.org

In case you hadn't seen, Erowid is accepting donations with Bitcoin. I haven't heard it mentioned recently (that I remember), but it used to be a favorite website on FTL. From the site: "Erowid is a member-supported organization providing access to reliable, non-judgmental information about psychoactive plants, chemicals, and related issues. We work with academic, medical, and experiential experts to develop and publish new resources, as well as to improve and increase access to already existing resources.

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Cyphase's picture
Created by Cyphase 14 weeks 4 days ago – Made popular 14 weeks 2 days ago
Category: Commodities / Metals   Tags:
3

Hackers Pull Off $12,000 Bitcoin Heist of Bitinstant

http://www.wired.com

A Bitcoin transaction services company says that hackers broke into one of its brokerage accounts last week, nabbing more than $12,000 worth of the digital currency. That attack knocked Bitinstant offline over the weekend. The company says that while it lost Bitcoins, no customers were affected by the hack.The criminals were able to take control of Bitinstant’s internet domains by convincing its domain registrar, Site5, to hand over control of the company’s Domain Name Service.

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assawyer's picture
Created by assawyer 14 weeks 5 days ago – Made popular 14 weeks 5 days ago
Category: Commodities / Metals   Tags:
3

Bitcoin Comes to World's Largest Online Poker Network

http://pokerfuse.com

WinPoker.com, on the iPoker network, is adding Bitcoin support for deposits and withdrawals, pokerfuse can exclusively reveal. It is the first time a poker room on any major online poker network has added first-class Bitcoin support to the cashier. Deposits can be made by sending BTC directly through the cashier on the WinPoker website to the room’s Bitcoin wallet. As soon as the system receives the funds—typically within ten minutes—the money will be credited to the player’s account. If players store their wallets on smartphones, depositing can be as simple as scanning a QR code.

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Cyphase's picture
Created by Cyphase 14 weeks 6 days ago – Made popular 14 weeks 5 days ago
Category: Commodities / Metals   Tags:
3

Does Bitcoin have Competition?

http://silverunderground.com

There are some other digital currencies out there that deserve some attention.

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MuslimNonarchist's picture
Created by MuslimNonarchist 15 weeks 2 days ago – Made popular 14 weeks 6 days ago
Category: Money   Tags:
3

Only one goal – Get Major Online Retailers to Accept Bitcoins

http://www.alaskadispatch.com

bitcoinstore.com, an electronics retail outlet that only accepts Bitcoins as payment. Bitcoinstore.com stands out among potential competitors because the site's investors have only one goal – to urge major online retailers to start accepting Bitcoin.

"The idea behind the site entirely is to force Amazon and Newegg to accept Bitcoin by saying 'Hey, look at our prices, we beat you, now beat us,'" said bitcoinstore.com head of marketing Jon Holmquist.

To do that, bitcoinstore.com sells its products at 0 percent markup.

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kelvin's picture
Created by kelvin 15 weeks 4 days ago – Made popular 14 weeks 6 days ago
Category: Money   Tags:
3

Potential Threat to the Liberty of Bitcoin?

http://bitcoinmagazine.com

What will be the future of Bitcoin now? Will US Government enforce conversions of Bitcoin to USD be made entirely through wallstreet under threat of death?

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RADROB's picture
Created by RADROB 15 weeks 6 days ago – Made popular 15 weeks 4 days ago
Category:   Tags:
3

In bid for credibility, largest BTC exchange moves to Silicon Valley

http://arstechnica.com

The world's leading Bitcoin exchange, Mt. Gox, has announced a partnership with the Silicon Valley startup Coinlab. Under the agreement, Coinlab will handle Mt. Gox's American operations, which account for a large majority of the exchange's business. The transition will occur on March 22. CoinLab raised half a million dollars of venture capital last year. At the time, the firm was touting a scheme to exchange bitcoins for currency in games such as World of Warcraft and Second Life. Taking over Mt.

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Cyphase's picture
Created by Cyphase 15 weeks 6 days ago – Made popular 15 weeks 4 days ago
Category: Money   Tags:
3

A great way to promote Bitcoin

http://wp.me

Here is a great way to promote Bitcoin. We have to let vendors know that at this part of the game, accepting Bitcoin is as good as free advertising. It is also relatively easy.

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maxalexwell's picture
Created by maxalexwell 16 weeks 2 days ago – Made popular 16 weeks 23 hours ago
Category:   Tags:
3

Bitcoin Basics

http://www.linux-magazine.com

An article in Linux Magazine briefly describes the history and basics of bitcoins.

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rjmort's picture
Created by rjmort 18 weeks 23 hours ago – Made popular 18 weeks 14 hours ago
Category: Money   Tags:
3

Boxers want to fight in China because of high U.S. Taxes.

http://sports.yahoo.com

Manny Pacquiao's chief adviser insisted Monday that the Filipino superstar's preference is for his next bout – a fifth fight against Juan Manuel Marquez – to take place away from Las Vegas, with the off-shore Chinese gambling resort of Macau emerging as the "favorite."

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Lendog's picture
Created by Lendog 18 weeks 1 day ago – Made popular 18 weeks 15 hours ago
Category: Free Market   Tags:
3

Embracing Markets, Opposing “Capitalism”

http://c4ss.org

mainstream print and electronic media regularly use “capitalism” to refer to “the economic system we have now.” And it’s relatively common to hear “capitalism” employed as a synonym for “dominance of workplaces and society by capitalists—by the owners of substantial capital assets.” Libertarian principles as I understand them entail support for capitalism in neither of these senses.

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StrayLite's picture
Created by StrayLite 20 weeks 4 days ago – Made popular 20 weeks 1 day ago
Category: Economics   Tags:

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