Showing posts with label Bitcoin. Show all posts
Showing posts with label Bitcoin. Show all posts

Augur Could Be The Greatest Gambling Platform In History. Is There Anything The Government Can Do To Stop It?

by Jim Epstein. The wisdom of the crowds. An online gambling platform could do to the neighborhood bookie what electric refrigerators did to the ice delivery man. Coming this fall, Augur will allow participants to wager money on any future event of their choosing. Software will set the odds, collect the bets, and disperse the winnings. The price alone    ... MORE

Snoop Dogg Learns One Reason Bitcoin Is Better Than Cash

by Nuno Menezes. Combating civil asset forfeiture. Calvin Broadus AKA Snoop Dogg recently had another encounter with European authorities. This Saturday, Snoop Dogg was taken by surprise by the financial police in southern Italy while carrying $422,000 in cash, an amount which needs to be declared to be legally transported across European Union   ... MORE

How Bitcoin Can Save You During A Financial Crisis

by Robert Taylor.     A little rebellion. What would you do if the US government suddenly announced a bank holiday, limits or bans on ATM withdrawals or other types of cash and capital controls? Or implemented a “bail-in” where part of your bank deposits were used to further pyramid debt and save an oligarchical financial system? Is there any doubt  ... MORE

John Stossel: Mankiller Money?

PC money.     A woman will be on the new $10 bill, bumping Alexander Hamilton aside. Treasury Secretary Jack Lew says he will choose the woman by year's end, based on "input from the public." In one survey of the "public," the first female chief of the Cherokee Nation, Wilma Mankiller, placed fourth. I understand the wish to counter    ... MORE

Meet Chuck Schumer, The Next Senate Minority Leader

by Nick Gillespie.     A partial listing of some of things that the NY political hack has tried to ban. It's long been said that the most dangerous place in Washington is between Sen. Charles Schumer (D-N.Y.) and a TV camera. With news of the resignation of the historically awful Sen. Harry Reid (D-Nev.), the odds are good that Schumer will now ascend  ... MORE

The Free State Project: A Libertarian Testing Ground

by Kashmir Hill.       Long before billionaire venture capitalist Peter Thiel dreamed up the idea of a floating libertarian island nation, a 24-year-old Yale grad student named Jason Sorens proposed a far more down-to-earth experiment for those who wanted to live the limited government lifestyle: that a critical mass of “freedom-loving people…    ... MORE

Why Milton Friedman's Vision For A Bitcoin Was Accurate

by Victoria Wagner Ross.      Bitcoin has had many supporters and many critics as it exploded in popularity and news over the past year. CoinDesk has featured Milton Friedman’s predictions today about a decentralized currency and how it will be part of the future in a global economy. Consider the numbers of 25,000 merchants now        ... MORE

TSA Reportedly Demands To Inspect Luggage For Bitcoin

by Gregory Ferenstein.        Davi Baker wasn’t quite sure how to comply with the TSA’s demands to inspect his bags for Bitcoin. Baker had found himself in a testy exchange with airport security personnel during an enhanced screening, and they wanted an additional search of his belongings. “We saw Bitcoin in your bag and need to check,”   ... MORE

John Stossel: Bitcoin Revolution

Why Stossel chose to invest.               The big online retailer Overstock.com now accepts payment in Bitcoin. That's good news for lovers of liberty because Bitcoins give us an alternative to government-controlled money. Bitcoins are a currency created by anonymous, private tech nerds, not by government. Governments don't like            ... MORE

Jerry Brito: Bitcoin - More Than Money

Changing the future of currency.     On August 6, Judge Magistrate Amos Maazant of U.S. District Court for the Eastern District of Texas made many a headline when he became the first known United States government official to declare that Bitcoin-the non-government and non-bank currency, payments network, and anarchic digital         ... MORE

Silk Road 2.0 Resurrects Online Drugs Marketplace

Black market site adds new security measures. Silk Road, the online drugs marketplace which was shut down by the FBI in October, has been resurrected by a group of the site’s former moderators and users. Dubbed Silk Road 2.0, the new site taunts the authorities from the start with a login page that features a pastiche of the FBI’s seizure.    ... MORE

Why Whiskey Was Money And Bitcoins Might Be

by Brian Lasorsa.       Currency is a crossroads for many free market advocates. Monetarists, including Nobel laureate Milton Friedman, have long argued in favor of central banks stabilizing price levels. They say the institution would provide a sense of comfort to debtors and creditors wary of inflation. Constitutionalists, albeit embracing a general  ... MORE

Zachary Warbrodt: Congress Starts Looking Into Bitcoin

Politicians worried they can't control digital currency.     A Senate committee is pressing federal regulators and law enforcement officials to explain how they plan to oversee Bitcoin and other virtual currencies as the issue gains increasing attention from government officials concerned about the role these new markets will play   ... MORE