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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 […]

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The “Bitlicense” is a bad idea that must die

Saturday, February 22nd, 2014

There is much talk about the arbitrary imposition of a nonsensical “Bitlicense” on businesses based in New York that use Bitcoin to make a profit. Apart from the nauseating and unimaginative use of the prefix “Bit” in yet another context, this idea is of course, completely absurd and unethical. It’s also guaranteed that this bad […]

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 […]

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 […]

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 […]

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 […]

Dystopian Pingit from Barclays cannot win

Wednesday, May 23rd, 2012

The Financial Services Club Blog has an interesting piece on Barclays Pingit: http://thefinanser.co.uk/fsclub/2012/05/case-study-barclays-pingit-for-consumers-and-corporates.html Pingit is the new service from Barclays that runs on iPhones and Android. In order to use it, you need to be a Barclays customer. Barclays Pingit is growing fast. They have over seven hundred thousand users. They are using the PayPal […]

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 […]

The heat is slowly building up against the Canadian Royal Mint’s Mint Chip

Thursday, May 17th, 2012

Mint Chip, the Canadian Royal Mint’s attempt to enter the digital money market, is doomed to fail. It is being thoroughly attacked from all sides, the technical, the philosophical and economic. Via a post on Slashdot, we are reminded of Bruce Schneier’s warning signs of Snake Oil, which the Mint Chip suffers from. What is […]

The confusion over the nature of corporations

Thursday, May 17th, 2012

There is a great deal of deeply seated confusion about corporations, their origins and true purpose. People who are intelligent and well read in the field of the philosophy of liberty sometimes fall short when it comes to understanding what a corporation is, why people use them and what the true nature of them are. […]

Refuting George Monbiot’s attacks on Libertarianism

Tuesday, December 20th, 2011

George Monbiot, world famous environmentalist and renowned anti C02 campaigner has chosen to launch an attack on Libertarianism. Articles like his are more useful than annoying, because it provides Libertarians an opportunity refute all of his carefully made points, and introduce people to the true core philosophy behind Libertarianism. First things first. What is Libertarianism? […]

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 […]

The Dollar Crash

Sunday, August 7th, 2011

The US Dollar, the first pure fiat world reserve currency, has lost almost all of its value against gold, falling from $1 to around $1680 per ounce. Its now looking increasingly likely that the record-high price of $1680 on June 8 represented the peak of a financial fraud that is now slowly unravelling. The interesting […]

The true nature of the anti-Bitcoin animus

Monday, June 20th, 2011

MTGox, we discover, was the victim of an internal leak of their database. They were not hacked, and they are the victims of a criminal act of theft. The facts in this matter do not concern the people who are gloating over this event. There are a group of people who are violent in nature, […]

Analysing the Anonymous ‘Open Letter to the Citizens of the United States of America’

Thursday, March 24th, 2011

That acephalous, elusive, networked, autonomous, intelligent and revolutionary construct Anonymous, has published a statement called “An Open Letter to the Citizens of the United States of America”, wherein they demonstrate that Anonymous is rapidly iterating towards Libertarianism. They have a few more cycles to go however. We have written about Anonymous before; it is interesting […]

Ambrose Evans-Pritchard rides the D-Notice razor edge

Monday, July 26th, 2010

Ambrose Evans-Pritchard writes in the Telegraph about ‘The Death of Paper Money’. Anyone who has been woken up by Ron Paul, Lew Rockwell, Murray Rothbard and the Austrians knows that this is in fact inevitable, and in the end, is a good thing, because it means that government can no longer steal your money from […]