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.Read more »
Ron Paul's "Audit the Fed" bill has passed committee and will be voted on the house floor this month. Campaign for Liberty has an online petitition at the link.Read more »
What is the bitcoin backed by? As in gold itself is backed by itself and works GREAT but once again doesn't happen instantly like digital transactions and those wanting them need/want.I guess since most who would be interested in bitcoins are also aware of the current economy, where our government ( and others ) are trying to take us AND if they succeed I don't see the point in a digital currency but rather something that can be locally traded like shire silver or other "physical" goods.Read more »
A funny podcast that attempts to explain what currency is to a non-libertarian. Then two guys fight about it.Read more »
Consider these questions:
If you owned a printing press in your basement and could LEGALLY print your own money…
1. would you choose to pay your bills by printing the money you needed?
2. would you choose to pay your bills by going to the bankers for a loan?
A few weeks ago the Royal Canadian Mint rolled out MintChip, a digital currency that is “better than cash.” It isn’t an alternative currency in that it’s a digital representation of the sovereign currency — the Canadian dollar.Read more »
The FBI sees the anonymous Bitcoin payment network as an alarming haven for money laundering and other criminal activity—including as a tool for hackers to rip off fellow Bitcoin users.
That’s according to a new FBI internal report that leaked to the Internet this week, which expresses concern about the difficulty of tracking the identity of anonymous Bitcoin users, while also unintentionally providing tips for Bitcoin users to remain more anonymous.Read more »
(U//FOUO) Bitcoin – A decentralized, peer-to-peer (P2P) network-based virtual currency – provides a venue for individuals to generate, transfer, launder, and steal illicit funds with some anonymity. Bitcoin offers many of the same challenges associated with other virtual currencies, such as WebMoney, and adds unique complexities for investigators because of its decentralized nature.Read more »
In March, Kevin Brady (R-TX) introduced H.R.4180 (Sound Dollar Act) and Mike Lee (R-UT) introduced a companion bill (S.2247 Federal Reserve Modernization Act) in the Senate. These two bills are actually seven pieces of legislation, put into a single bill. There is nothing in this bill that would prevent the Federal Reserve from continuing to inflate the currency. Nothing to prevent future cycles of “boom and bust.” The “Sound Dollar Act” is another misnamed piece of legislation designed to trick the American people into supporting bad legislation.Read more »
World famous venture capital firms are now funding Bitcoin startups!
The Bitcoin revolution is about to swing into full gear!
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