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Speech to the Bitcoin Conference, “Bitcoin and the Entrepreneur”

Tuesday, April 29th, 2014

I have selected as the title of my remarks today “Bitcoin and the Entrepreneur.” Some may suggest, knowing of my distaste for Crony Capitalists, that this would be more naturally worded “Bitcoin Versus the Entrepreneur.” But those are not my sentiments as I write this. My purpose in this piece is not to deliver the […]

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Bitcoin and Reality versus American Journalists

Thursday, April 3rd, 2014

You can avoid reality, but you cannot avoid the consequences of avoiding reality. – Ayn Rand This famous Ayn Rand quote is true, but the real question is raises is “what is reality?” For some American journalists, reality is their belief that America is the center of the universe, and that their opinions, rulings and […]

Azteco Bitcoin: BTC for the masses

Thursday, February 13th, 2014

For the last two years, we have been developing our latest project “Azteco”. It is the easiest way to buy Bitcoins, of which we have written some blog posts previously. Our first Azteco outlet is now open in Shoreditch at 19 Goulston Street. There, you can buy an Azteco voucher and then redeem it at […]

Bitcoin is not a threat, it is a boon

Tuesday, May 14th, 2013

The Financial Times has published an astonishingly blinkered and short-sightedarticle, where Bitcoin is mischaracterisedas a threat, instead of the greatest business opportunity of the century. The fact of the matter is, and I have said this before, the country that puts a 150 year moratorium on all Bitcoin regulation and ‘supervision’ will reap all the […]

FinCEN sounds death knell for US based Bitcoin businesses

Tuesday, March 19th, 2013

It seems that FinCEN has finally decided to opine on Bitcoin, without naming it specifically. This US pronouncement spells death to all “compliant” US Bitcoin companies that choose to remain based in the USA. There is one thing you absolutely must bear in mind; nothing that FinCEN unilaterally declares has any force outside of the […]

Thoughts On The Bitcoin Debacle

Monday, December 17th, 2012

By Brandon Smith I was in the midst of the Save America Convention in Tampa, Florida when I heard, first, that Libya was under bombardment by the UN (led by U.S. forces), and, that Satoshi Nakamura of Bitcoin had been convicted of “counterfeiting”. It was a stressful day, to say the least. For those not […]

Bitcoin Transaction volumes Increase 40% in Half a Year

Thursday, November 8th, 2012

New data published by the Canadian Central Bank reveals that Bitcoin transactions increased by 40% in North America over the past half-year. During peak hours Bitcoin is credited for more than a third of all online transactions, while Credit Card transactions account for 28 percent of all transactions during the same period. Many Internet transaction […]

The European Central Bank report on Bitcoin: you can smell their fear

Tuesday, November 6th, 2012

The European Central Bank is one of the most destructive entities ever unleashed upon the peoples of Europe. Its Keynesian fiat currency is backed by nothing, is defrauding millions, is by design stealing value from the people who are forced to use it under threat of violence, and is doomed to fail and collapse like […]

Bitcoin as troll killer

Sunday, October 21st, 2012

For years, Slashdot has used its moderation system to filter out the trolls. The “mods” are given “mod points” intermittently in a feedback mediated system that keeps the site clean. This does not stop people from making troll posts, it keeps them out of sight to an extent that you can choose, using a threshold […]

Bitcoin and the generational divide

Friday, September 21st, 2012

This video is a visual representation of the difference between the Austrian School Bitcoin detractors and the people who understand what Bitcoin is, what it can do, and how it is the biggest thing since email. On the right, you have James Turk the head of GoldMoney, who is old, and on the left you […]

The Friction-Free Bitcoin Economy

Saturday, August 25th, 2012

As the barriers to competition evaporate, the world is becoming Bitcoin’s oyster. Guess who it is you’re fighting now? Everybody. In his old book, The Road Ahead, Bill Gates wrote of “friction-free capitalism,” a type of marketplace that he argued will be ushered in by the spread of a technology like Bitcoin. This is like […]

Bitcoin and the State: Asking permission to be free

Thursday, May 17th, 2012

Should people who want to see the widespread and rapid adoption of Bitcoin seek tight regulation and integration with the State, or should they rely only on their skills as developers, marketers and entrepreneurs to create the rock solid, reliable and trustworthy products that people will use in their millions, like the other well known […]

Bitcoin is voluntarist, not socialist

Thursday, May 17th, 2012

The idea of socialism is diametrically opposed to the core philosophy of a voluntary peer to peer system like Bitcoin. Peer to peer systems dis-intermediate the transfer of information and eliminate the need for an arbitrary governing authority or service provider. Bitcoin, like maths, has no philosophy and is neutral. ***** Socialism’s basic premiss is […]

Why the quoted price of Bitcoin doesn’t matter

Monday, October 17th, 2011

Bitcoin is a very new technology, even though the concept that it brings to life is decades old. The double spending problem has been solved; this means that it is possible to use a digital certificate to stand in the place of money and be sure that no one else can spend that certificate other […]

Precursors to Bitcoin legislation emerge

Friday, September 2nd, 2011

It is clear that the State is not going to quietly disappear into the night, and leave everyone to live as free men. Given that they still feel the need to preserve the illusion that they have the consent of the governed, we can expect any technology that threatens the State to come under legislative […]

Thinking correctly about Bitcoin

Tuesday, August 30th, 2011

An essential feature of the standard attack against Bitcoin is to point to the price charts generated by a single Bitcoin exchange and then use that as definitive proof of Bitcoin’s unsuitability for any purpose. The attack uses these single source charts to ‘prove’ that Bitcoin is a mania, like the Dutch Tulip mania or […]

Market volatility and Bitcoin

Monday, August 8th, 2011

One third of all the Bitcoins that will ever be created have now been mined. This is as a good a time as any to re-state the facts about Bitcoin. It needs to be pointed out to the easily frightened out there on teh ineternetz, that Bitcoin has not ‘failed’ simply because the first company […]