Tag Archives: Bitcoin

Real Bitcoin (aka Bitcoin Cash) markets surge as pending hard fork approaches

Source: Bitcoin.com

“The price of bitcoin cash (BCH) has been on a tear lately as network participants are steadily preparing for the upcoming hard fork. At the time of writing, the digital asset’s value is averaging $495 USD and currently commands the second highest cryptocurrency trade volume in the world. … In other BCH news the well known online merchant, Wikileaks Shop, has just announced to its Twitter followers it will accept BCH for Wikileaks merchandise.” (11/01/17)


Bitcoin surges to record above $6,400 after CME announces launch of futures for digital currency

Source: CNBC

“CME announced Tuesday it plans to launch bitcoin futures in the fourth quarter, pending regulatory review. Bitcoin rose to a record high above $6,400 Tuesday morning, according to CoinDesk, after the announcement by the world’s largest futures exchange. … The growth of bitcoin derivatives is also another step toward the development of the digital currency as a more established asset class. Fundstrat’s Tom Lee said his call for bitcoin to top $20,000 by 2022 is based partly on expectations that bitcoin derivatives products will launch. Some sellers of exchange-traded funds have also filed for bitcoin ETFs that track bitcoin futures.” (10/31/17)


Bitcoin is bulletproof, but this could be its Kryptonite

Source: Foundation for Economic Education
by Rich Clarke

“Bitcoin has had many trials in the nearly ten years it has existed. The ‘Bitcoin is Dead’ rhetoric that made its way around the internet is now a running joke with its own website to catalog the now obviously fallacious stories. Over the last several years, this ecosystem has been a rollercoaster ride of the market: its rapid expansion, the hacks, and — of course — sensational headlines. On this wild ride, it has been easy to lose sight of what Bitcoin means and what it represents fundamentally.” (10/30/17)


The Satoshi Revolution, chapter 2, part 2

Source: Bitcoin.com
by Wendy McElroy

“Cryptocurrency was not created to make money; the blockchain was not forged to render banking more efficient. The core developers did not use open source or eschew patents because they were proprietary or wanted to reap a fortune. They wanted privacy and freedom to be available without cost to all. Anyone who believes Bitcoin was designed for financial gain knows nothing about its history or the idealism built into its algorithms. Profiting from cryptocurrency and using blockchains to economic advantage are laudable by-products, but Bitcoin was conceived as a vehicle for creating political and social change by empowering individuals and weakening government. The developers were revolutionaries.” (10/28/17)


What Argentina and the US can teach us about Bitcoin adoption and regulation

Source: PanAm Post
by Will Ellis

“The news that Bitcoin has just broken the $5,000 mark is re-focusing attention on the cryptocurrency. Even five years ago, the Bitcoin was regarded as a niche concern: the domain of hackers, and online criminals. Today, with an increasingly large number of retailers accepting the currency, it is becoming mainstream. Amid all of the speculation — both financial and intellectual — that surrounds Bitcoin, the broader view is often neglected. Whether cryptocurrencies like Bitcoin represent a revolution in currency, or merely a slight evolution, the fact is that they sever a link between state power and fiscal control that has existed for many centuries.” (10/26/17)


Should we fix malleability in Bitcoin and Bitcoin Cash? If so, how? And when?

Source: Bitcoin.com
by Jonald Fyookball

“If you’re a Bitcoiner or crypto-enthusiast, you’ve probably heard this ‘malleability’ issue being discussed and wondered what it’s all about. Maybe you’ve probably heard a bunch of conflicting ideas and opinions about it too. Let’s break it all down.” (10/23/17)


The Satoshi Revolution, Chapter 2 (part 4)

Source: Bitcoin.com
by Wendy McElroy

“Money radicals solved the trusted-third-party problem by demanding free-market money and banking; they did this because the only third party on which they focused was government. The solution did not go far enough because free-market alternatives also rested on trust and, any time trust is required, betrayals will occur. But privatization was the best solution possible at the time; the blockchain had not surfaced to allow people to become self-bankers. ‘What Has Government Done to Our Money?’ belongs to the pre-Bitcoin years but it has significant contributions to offer the cryptocurrency world. There, Rothbard explains the origins of money as well as its pivotal importance to freedom and civilization.” (10/21/17)


The Satoshi Revolution: Politics Versus Ideology, part 3

Source: Bitcoin.com
by Wendy McElroy

“Part of the Satoshi Revolution’s brilliance lies in the fact that it is profoundly political without being ideological. Most people see little difference between the political and the ideological or, if they do make a distinction, they believe ideology is the set of beliefs that determine the specific political positions a person takes. In many cases, they are correct. But not in all cases. Sometimes politics and ideology are distinct.” (10/14/17)


Assange thanks US government, senators, for forced Bitcoin investment

Source: The Coin Telegraph

“Sometimes you have a comeback so good you have to wait until the perfect time to use it. Apparently, for Julian Assange, that time was when Bitcoin hit $5,746.51. The Wikileaks founder posted his comment on Twitter, after a stunning week of price jumps in the cryptocurrency’s value. The tweet was accompanied by a chart of the value of Bitcoin. ‘My deepest thanks to the US government, Senator McCain and Senator Lieberman for pushing Visa, MasterCard, Payal, AmEx, Mooneybookers, et al, into erecting an illegal banking blockade against @WikiLeaks starting in 2010. It caused us to invest in Bitcoin — with > 50000% return.'”


Bitcoin price soars above $5,000 to record high

Source: The Guardian [UK]

“The price of bitcoin, the world’s best-known cryptocurrency, has smashed through $5,000 to a new all-time high. Bitcoin is now trading at $5,186 compared with $966 at the start of the year. The digital currency has soared 750% in the past year, and is now worth four times as much as an ounce of gold. But the price has been volatile.” (10/12/17)