The Four Pillars of a Decentralised Society

July 26th, 2014 No comments

This is an interesting TEDx talk by Johann Gevers on how society is progressing to a decentralised future, the achievement of which Bitcoin plays a large part.

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Why Bitcoin is Important For The World

July 23rd, 2014 No comments

If you’ve got 20 minutes to spare and would like a concise and comprehensive explanation of Bitcoin, then watch this live video of Roger Ver, speaking at a recent Bitcoin conference in Singapore.

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Why Hoarding Bitcoin is Good For Bitcoin

July 20th, 2014 No comments

It’s interesting that in the Bitcoin world, the desire to save is called “hoarding”. Conversely, when people put money into a savings account with their bank, we don’t usually call it hoarding.

There are many enthusiastic “Bitcoiners” who preach spending as a way to drive adoption. But that is not the way I see it, not from the beginning, and not now.

What drives adoption is Bitcoin’s price. With an ever-increasing price, Bitcoin adoption is a given. And when people saving Bitcoin finally get around to spending it (which they obviously will at some time), it will be because they value whatever they are spending it on more than the bitcoins themselves.

When I consider my own Bitcoin saving strategy, I already have a plan as to when and why I would spend it – in both the near and long term. In other words, I certainly plan to spend my bitcoins, but at a time and on terms that will benefit me the most.

Think of it this way. If you were to purchase 10 bitcoins and just turn around and spend them, would you consider that a rational economic action – especially if you had good reason to believe they would triple in value in one year’s time?

I think the only people who would consider the spending option in that scenario are those who have so much money that a mere 10 bitcoins is nothing to them. But for those wanting to get ahead financially, the temptation to save those 10 bitcoins would be considerable.

If you’ve been pondering this conundrum – to spend or save Bitcoin – then have a read of this interesting article:

I’m Hoarding Bitcoins, And No You Can’t Have Any

 

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Bitcoin: A Speculative Attack

July 10th, 2014 No comments

Here’s a mind-stretching article on why and how Bitcoin will become mainstream. Don’t read, at your own peril!

A Speculative Attack

 

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Bitcoin: Future Thinking With Timothy Draper

July 8th, 2014 No comments

Timothy Draper, co-founder and Managing Director of investment firm Draper Fisher Jurvetson, talks about his purchase of about 30,000 bitcoins at a U.S. government auction and his vision of the outlook for the virtual currency. Worth a watch…

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An Eye For An Eye

July 7th, 2014 1 comment

“Eye for eye, tooth for tooth, hand for hand, foot for foot” – so goes the Old Testament quotation from Exodus 21:24.

And so goes the Zionist state of Israel – in full Old Testament drag.

Following the murder of three young Israelis, the Israeli government initiated a rampage of collective punishment, including the destruction of homes of suspects, as to make a mockery of any sense of justice.

In the West we are accustomed to seeing perpetrators of murder brought to justice via the court system and judged by a jury of their peers – being convicted beyond reasonable doubt.

Is it no wonder that a young Palestinian boy was burned to death in revenge? Why not, when the Israeli government is demonstrating the same revenge rage?

In this case I would say the government was clearly guilty of incitement.

It is therefore completely hypocritical for Netanyahu to “condemn” the killing of the young Palestinian, when his own security forces have already killed innocent Palestinians in their savage desire for revenge.

Israel always goes on about its moral superiority, its being the only democracy in the Middle East – a beacon of light in a region of darkness. But actions speak louder than words.

Collective Punishment And Israeli State Terror

Addendum: Further to this subject, I recommend reading the following essay by Justin Raimondo:

Who Started “The Cycle of Violence” in Palestine?

 

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Be Yourself – The Story of Your Life

July 6th, 2014 No comments

A short but inspiring and thought-provoking video from Stefan Molyneux.

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US Dollar Hegemony at Point of No Return?

July 5th, 2014 No comments

In recent years there has been ongoing talk of the future of the US Dollar as the world’s reserve currency. This status grants the USA considerable power, to print dollars in return for goods and services, and to leverage its dollar power to bribe and bully other nations.

One recent example is the multi-billion fine imposed on French bank, BNP Paribas, for engaging in business with US-sanctioned countries. This was made possible because such financial transactions were done in USD, and the US acts as global policeman when it comes to what uses are made of its currency.

As a result, there is increasing push-back from aggrieved parties to “drop out” of the dollar if at all possible.

And now it appears that serious steps are being taken by the BRICS countries to set up currency swaps which would enable members to trade with each other, without using the dollar at all.

BRICS Morphing Into Anti-Dollar Alliance

 

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Bitcoin: The Banks’ Worst Fear

July 5th, 2014 No comments

The momentum building up in the Bitcoin world is unmistakable. There are new path-breaking developments almost every day. People are starting to see what this all means and what the potential is for freedom.

As a result, the Bitcoin revolution is harnessing the creative powers of thousands of people around the world – and not just developers, but ordinary folk who have been bitten by the “Bitcoin Bug” and are doing their own thing in furtherance of the freedom dream.

This video from BanksWorstFear.com is just one example:

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Bitcoin in 10 Years

July 1st, 2014 No comments

It’s a favourite pastime on Reddit/Bitcoin to prognosticate on the future of Bitcoin, what it will be worth next month, by the end of the year, and so on. Of course no one can know, but there are very definite trends which indicate and support some quite bullish estimates.

Barry Silbert, CEO and founder of Second Market Holdings, and unabashed Bitcoin evangelist, has given his opinion as to what he believes will be the state of Bitcoin worldwide in 10 year’s time.

It makes for interesting reading, although I do think he is being a little conservative, as sometimes major disruptive technologies can make rapid gains in a short period of time. As a result I believe it’s certainly possible that the predictions in the article could easily be achieved in just 5 years, not 10.

Bitcoin in 10 Years: 4 Predictions From Second Market’s Barry Silbert

 

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