Pubs in the UK are gradually starting to accept bitcoin as a form of payment, the futures bright unless central banks and regulators decide it's too much of a threat to their corrupt model.
Showing posts with label Bitcoin. Show all posts
Showing posts with label Bitcoin. Show all posts
Wednesday, June 26, 2013
States Sound Warnings on Bitcoin
State regulators have issued warnings to a handful of bitcoin-related companies, alerting them that they may be running afoul of money-transmission laws. Andrew R. Johnson joins the News Hub.
Sunday, June 23, 2013
Hack the Bank: Bitcoin and the New Peer-to-Peer Economy
Bitcoin and the New Peer-to-Peer Economy: Charlie Shrem, CEO of Bitinstant, argues that digital currencies like bitcoin are disrupting the way we do business and creating a new peer-to-peer economy.
BitCoin have been calculated to be completely in around 25-30 years. By then, digital p2p currencies will be the norm and people will spend their coins. Acceptance of BTC and p2p currencies is rapidly accelerating. Once again, there are derivatives to BTC which are traded on the markets. LiteCoin, TerraCoin, OpenCoin, etc. Check out 'Ripple' which will allow exchange for anything and completely bypass exchanges. p2p crypto currencies are here to stay and it's a very very good thing.
BitCoin have been calculated to be completely in around 25-30 years. By then, digital p2p currencies will be the norm and people will spend their coins. Acceptance of BTC and p2p currencies is rapidly accelerating. Once again, there are derivatives to BTC which are traded on the markets. LiteCoin, TerraCoin, OpenCoin, etc. Check out 'Ripple' which will allow exchange for anything and completely bypass exchanges. p2p crypto currencies are here to stay and it's a very very good thing.
Friday, June 21, 2013
The Bitcoin Bomb May Blow Up Banks - Global Economic Crisis
Bitcoin Bomb May Blow Up Banks - Global Economic Crisis
Imagine having money that's free from government control, safe from haircuts and decentralized. There is such a thing - and it's called 'bitcoin'. The cyber-currency's value has increased ten-fold this year - surging past $200 a unit this week. Its use is seen as a sign of growing skepticism about the exisiting global financial system. Bitcoin is a database called the "Blockchain" that is shared among users via P2P in place a central authority like a bank. When making a purchase you receive a payment address an amount. Put that information into your wallet and click "send." A miner then records the transaction and adds it to the Blockchain database so everyone can see the transaction.
Imagine having money that's free from government control, safe from haircuts and decentralized. There is such a thing - and it's called 'bitcoin'. The cyber-currency's value has increased ten-fold this year - surging past $200 a unit this week. Its use is seen as a sign of growing skepticism about the exisiting global financial system. Bitcoin is a database called the "Blockchain" that is shared among users via P2P in place a central authority like a bank. When making a purchase you receive a payment address an amount. Put that information into your wallet and click "send." A miner then records the transaction and adds it to the Blockchain database so everyone can see the transaction.
Tuesday, June 4, 2013
Bitcoin Crackdown? US laws choke Digital Cashflow Anonymity
US federal prosecutors have shut down digital payment system Liberal Reserve - sparking fears the growing cyber-currency known as Bitcoin could be next. RT's Katie Pilbeam looks at the implications.
Friday, May 31, 2013
Bitcoin vs Fiat: The Future
Félix Moreno interviews Tuur Demeester, editor of the Macrotrends (macrotrends.be/) and author of the paper The Gloom of Central Banking.
Tuur expresses his fears about an increase in bail-ins within the banking sector, which would put depositors' funds at risk. All investors should be aware of this risk -- though for obvious reasons, governments are loath to be too upfront about this risk.
Felix and Tuur then discuss the bad health of global currencies and possible effects of the recent rise in Japanese bond yields. Tuur argues that this may herald the beginnings of competitive currency devaluations.
Alternatives to the fiat system and how people may protect themselves from counterparty risk are discussed. The advent of crypto currencies and the widely debated pros and cons of Bitcoin are addressed amid a broader discussion about the future nature of money.
This podcast was recorded on the 30 May 2013.
Monday, May 27, 2013
America Cracks Down on BITCOIN Exchange - Is this the END of BITCOIN ?
America Cracks Down on BITCOIN (Digital Currency) Exchange - Is this the END of BITCOIN ?
The US Department of Homeland Security seized a payment processing account belonging to Mt. Gox, the largest international Bitcoin trader, claiming the monetary exchange service falsified financial documents. RT's Bob English explains what's behind this crack down.
The big banks (those too big to fail and too big to jail) can get away with corruption, but they want to shut down bitcoin industry because they cannot control the bitcoin industry. So once against the government is putting the wants and needs of the big banks first.
The US Department of Homeland Security seized a payment processing account belonging to Mt. Gox, the largest international Bitcoin trader, claiming the monetary exchange service falsified financial documents. RT's Bob English explains what's behind this crack down.
The big banks (those too big to fail and too big to jail) can get away with corruption, but they want to shut down bitcoin industry because they cannot control the bitcoin industry. So once against the government is putting the wants and needs of the big banks first.
Why Bitcoin will be the next big thing: Interview with Jeff Berwick
The Dollar Vigilante's Jeff Berwick (http://www.dollarvigilante.com) on why bitcoin will continue to gain in popularity worldwide. In this interview with Cambridge House Live anchor Bridgitte Anderson he also discusses his massive real estate development just outside Santiago, Chile. Taped in Vancouver at the World Resource Investment Conference.
Tuesday, May 21, 2013
The Money Changers Crack down on Bitcoin from Fear of losing their Monopoly
US cracks down on Bitcoin exchange
The entire idea behind Bitcoin is to provide an inflation-resistant currency option. "Currency" is anything used to trade goods and services. These trading venues are more stable than our current money system we are forced to participate in. Its a loophole in the inflation scam. The US Govt. is worried about not being able to collect bribes from Bitcoin exchanges, like they collect from the rest of the banks, so the exchanges were shut down to show them who's really in charge... and the people really in charge are the big banks who bribe the politicians.Drug money laundering and avoidance of Taxation are their main concerns... since the GOV mob has control of both still.
The entire idea behind Bitcoin is to provide an inflation-resistant currency option. "Currency" is anything used to trade goods and services. These trading venues are more stable than our current money system we are forced to participate in. Its a loophole in the inflation scam. The US Govt. is worried about not being able to collect bribes from Bitcoin exchanges, like they collect from the rest of the banks, so the exchanges were shut down to show them who's really in charge... and the people really in charge are the big banks who bribe the politicians.Drug money laundering and avoidance of Taxation are their main concerns... since the GOV mob has control of both still.
Sunday, May 19, 2013
Max Keiser - Bitcoin, Bernanke & Buffett | London Real
Max Keiser of Russia Today drops by to explain the genesis and implications of the digital currency Bitcoin, why The Federal Reserve and the banking system should apologise to the people for manipulating interest rates, how Warren Buffett is complicit in the Mexican drug trade by purchasing Wells Fargo, and Max's crazy times in the 1980s as a New York City stockbroker by day and punk-rock party animal by night.
Bitcoin bomb may blow up Banks bondage, hence US attacks
Bitcoin bomb may blow up banks' bondage, hence US attacks'
I was wondering when the fed was going to shut it down. Yeah it's kind of hard to defend against money laundering when the whole point of your currency alternative is anonymity and ease of exchange. It was only a matter of time. Even gold dealers can't exchange large sums of cash without reporting it to the IRS.
The government has a monopoly on currency...one of the worst kind of monopolies any one can have, they have this monopoly because they use coercion and force to keep it. In which case the US government also has yet another monopoly that is detrimental to citizens of any society, a monopoly on force and use of "legitimatized" violence...the US govt is one of the most corrupt monopolistic corporations in the world! They are now flexing their power to keep their monopoly which is threatened by free market forces trying to override government failures...
We need a revolution in this country if for no other reason than to level the playing field. Our money is worthless because of all of the hustles of the banks and our government. We not only need something like Bitcoin, we also need to get rid of the banks and install a new government.
Bitcoin is a new generation's response to wanting to pursue and alternative to what amounts to totalitarianism. Why should the US care? To preserve "Our Integrity" ? The banks are nothing more than a bunch of vampires in brooks brothers suits. Their motto should be “We’d prefer blood but………we’ll take cash.”
I was wondering when the fed was going to shut it down. Yeah it's kind of hard to defend against money laundering when the whole point of your currency alternative is anonymity and ease of exchange. It was only a matter of time. Even gold dealers can't exchange large sums of cash without reporting it to the IRS.
The government has a monopoly on currency...one of the worst kind of monopolies any one can have, they have this monopoly because they use coercion and force to keep it. In which case the US government also has yet another monopoly that is detrimental to citizens of any society, a monopoly on force and use of "legitimatized" violence...the US govt is one of the most corrupt monopolistic corporations in the world! They are now flexing their power to keep their monopoly which is threatened by free market forces trying to override government failures...
We need a revolution in this country if for no other reason than to level the playing field. Our money is worthless because of all of the hustles of the banks and our government. We not only need something like Bitcoin, we also need to get rid of the banks and install a new government.
Bitcoin is a new generation's response to wanting to pursue and alternative to what amounts to totalitarianism. Why should the US care? To preserve "Our Integrity" ? The banks are nothing more than a bunch of vampires in brooks brothers suits. Their motto should be “We’d prefer blood but………we’ll take cash.”
Is This The END of BITCOIN? ~ U.S. BLOCKS World's Largest BITCOIN Exchange
U.S. BLOCKS World's Largest BITCOIN Exchange - Is This The END of BITCOIN?
More bumps in the road are probably in store for Bitcoin. The virtual currency has seen some massive swings in value over the last several weeks, but that volatility is not likely to end soon, its lead developer suggested on Saturday.
"We've been on a roller coaster ride," said Gavin Andresen, chief scientist at the Bitcoin Foundation, which provides much of the core backend development for the currency.
"I expect for the next few years we're going to remain on a roller coaster ride," he said, speaking in front of a packed room of developers, enthusiasts, venture capitalists and other industry players at Bitcoin 2013, the first conference in Silicon Valley to be held on the topic.
Bitcoin is a digital currency that is managed and traded on a peer-to-peer computer network. Often referred to as a form of "crypto-currency," it is intended to be a decentralized form of payment not regulated by any financial institution or governmental body. A variety of online retailers and a growing number of brick-and-mortar stores are now accepting Bitcoins, which can either be purchased through exchanges on the Internet or "mined" by using specialized hardware.
Hitting some bumps
But the growing attention the currency has experienced has come with numerous setbacks as well, in the form of hacks, the shutdown of various exchanges, seizure of accounts and huge selloffs in Bitcoin.
In March, Bitcoins were trading for roughly US$30. Then for a brief period in April its price on the Tokyo-based exchange Mt. Gox skyrocketed to over $230. A couple of days later, its value plummeted to roughly $120 as a massive sell off forced Mt. Gox to temporarily shut down.
This past week, Mt. Gox received a seizure order of its funds by the Department of Homeland Security, triggered by an alleged failure to comply with U.S. financial regulations.
Despite the challenges, Bitcoin's Andresen is not deterred. "We have to be reliable and resilient," he said. The foundation, which currently just has two full-time staff, is looking to hire a Washington lawyer this year to engage with politicians and to help support the currency's growth.
Hundreds of attendees are at the Bitcoin conference, with roughly 20 exhibitors offering a range of Bitcoin-related products such as digital wallets, specialized trading services, and analytical tools.
"Star power" has even been provided by Tyler and Cameron Winklevoss , the brothers claiming ownership of the idea for Facebook, who delivered the opening keynote on Friday night
Bitcoin supporters promise banking 'revolution'
Some workers are now even being paid with new virtual currency that you can only spend online.
bitcoin system unknown download wallet currency "bitcoin wallet" freedom banks cryption technology transfer cash "goods and services" "bitcoin software" developer "software developer" economy matrix network money dollar euro pounds "central bank" regulation finance paypal "payment system" politics "free speech" safe trust gold silver "gold bullion" "open source" "silver bullion" transaction u.s. "united states" "united kingdom" elite "new world order" threat power censorship underground economy civil liberty human rights federal reserve free market 2013 rt russia today china russia today alex jones infowars david icke gerald celente trends in the news lindsey williams glenn beck
Bitcoin threatens both the financial elite's monopoly over the economy and the online web of payment systems which have been used as a tool to crack down on free speech on the Internet, Amir Taaki, a bitcoin software developer, told RT.
On Wednesday, The US Department of Homeland Security seized a payment processing account belonging to Mt. Gox, the largest international Bitcoin trader over claims the monetary exchange service had falsified financial documents.
The US government has never hidden the fact that it is closely watching the virtual currency, which international regulators have thus far failed to keep a lid on.
But while banks and governments have treated the Bitcoin payment system as an "existential threat" to current financial system, Taaki argues that the virtual currency epitomizes real free trade and is a necessary tool to maximize the benefits of a free and open market.
Amir Taaki: The basic gist of it is, there is this network of people worldwide, and any person that joins the Bitcoin network is responsible for upholding it. The Bitcoin is actually a form of money, like the dollar, euro or pound, but it's virtual currency
More bumps in the road are probably in store for Bitcoin. The virtual currency has seen some massive swings in value over the last several weeks, but that volatility is not likely to end soon, its lead developer suggested on Saturday.
"We've been on a roller coaster ride," said Gavin Andresen, chief scientist at the Bitcoin Foundation, which provides much of the core backend development for the currency.
"I expect for the next few years we're going to remain on a roller coaster ride," he said, speaking in front of a packed room of developers, enthusiasts, venture capitalists and other industry players at Bitcoin 2013, the first conference in Silicon Valley to be held on the topic.
Bitcoin is a digital currency that is managed and traded on a peer-to-peer computer network. Often referred to as a form of "crypto-currency," it is intended to be a decentralized form of payment not regulated by any financial institution or governmental body. A variety of online retailers and a growing number of brick-and-mortar stores are now accepting Bitcoins, which can either be purchased through exchanges on the Internet or "mined" by using specialized hardware.
Hitting some bumps
But the growing attention the currency has experienced has come with numerous setbacks as well, in the form of hacks, the shutdown of various exchanges, seizure of accounts and huge selloffs in Bitcoin.
In March, Bitcoins were trading for roughly US$30. Then for a brief period in April its price on the Tokyo-based exchange Mt. Gox skyrocketed to over $230. A couple of days later, its value plummeted to roughly $120 as a massive sell off forced Mt. Gox to temporarily shut down.
This past week, Mt. Gox received a seizure order of its funds by the Department of Homeland Security, triggered by an alleged failure to comply with U.S. financial regulations.
Despite the challenges, Bitcoin's Andresen is not deterred. "We have to be reliable and resilient," he said. The foundation, which currently just has two full-time staff, is looking to hire a Washington lawyer this year to engage with politicians and to help support the currency's growth.
Hundreds of attendees are at the Bitcoin conference, with roughly 20 exhibitors offering a range of Bitcoin-related products such as digital wallets, specialized trading services, and analytical tools.
"Star power" has even been provided by Tyler and Cameron Winklevoss , the brothers claiming ownership of the idea for Facebook, who delivered the opening keynote on Friday night
Bitcoin supporters promise banking 'revolution'
Some workers are now even being paid with new virtual currency that you can only spend online.
bitcoin system unknown download wallet currency "bitcoin wallet" freedom banks cryption technology transfer cash "goods and services" "bitcoin software" developer "software developer" economy matrix network money dollar euro pounds "central bank" regulation finance paypal "payment system" politics "free speech" safe trust gold silver "gold bullion" "open source" "silver bullion" transaction u.s. "united states" "united kingdom" elite "new world order" threat power censorship underground economy civil liberty human rights federal reserve free market 2013 rt russia today china russia today alex jones infowars david icke gerald celente trends in the news lindsey williams glenn beck
Bitcoin threatens both the financial elite's monopoly over the economy and the online web of payment systems which have been used as a tool to crack down on free speech on the Internet, Amir Taaki, a bitcoin software developer, told RT.
On Wednesday, The US Department of Homeland Security seized a payment processing account belonging to Mt. Gox, the largest international Bitcoin trader over claims the monetary exchange service had falsified financial documents.
The US government has never hidden the fact that it is closely watching the virtual currency, which international regulators have thus far failed to keep a lid on.
But while banks and governments have treated the Bitcoin payment system as an "existential threat" to current financial system, Taaki argues that the virtual currency epitomizes real free trade and is a necessary tool to maximize the benefits of a free and open market.
Amir Taaki: The basic gist of it is, there is this network of people worldwide, and any person that joins the Bitcoin network is responsible for upholding it. The Bitcoin is actually a form of money, like the dollar, euro or pound, but it's virtual currency
Saturday, May 18, 2013
US Department of Homeland Security Seizes Bitcoin Operator Accounts
US Department of Homeland Security Seizes Bitcoin Operator Accounts
Bitcoin is a database called the "Blockchain" that is shared among users via P2P in place a central authority like a bank. When making a purchase you receive a payment address an amount. Put that information into your wallet and click "send." A miner then records the transaction and adds it to the Blockchain database so everyone can see the transaction.
US authorities have frozen the account of the world's largest Bitcoin exchange, which helps move the customers' cash online. The booming digital currency has hit bureaucratic blocks ever since its rapid growth came to the attention of government.
The US Department of Homeland Security seized a payment processing account Tuesday belonging to Mt. Gox, the largest international Bitcoin trader, claiming the monetary exchange service falsified financial documents.
The American government has previously made it clear that officials are watching Bitcoin, a decentralized economic currency that international regulators have not yet been able to control. Many of those who favor Bitcoin use Dwolla, an Iowa-based startup that allows customers to transfer their dollars into Bitcoins.
Unfortunately for those consumers, the Department of Homeland Security issued a warrant Tuesday effectively shutting down Dwolla's ability to process Bitcoin payments, as reported by CNET. Whether because of the DHS' charge of operating an "unlicensed money transmitting business," the sudden timing of the allegations, or another reason, Dwolla and Mt. Gox officials have been reluctant to comment.
"In order not to compromise this ongoing investigation being conducted by ICE Homeland Security Investigations Baltimore, we cannot comment beyond the information in warrant, which was filed in the District of Maryland [Tuesday]," said Nicole Navas, a representative for US Immigration and Customs Enforcement.
The warrant claims Mt. Gox CEO Mark Karpeles did not disclose he operated a financial transfer site when he opened a new bank account for the business. Money transmitting services, according to Gawker, are required to register with the Department of Treasury's Financial Crimes Enforcement Network (FinCen). Mt. Gox, which is involved in roughly 63 per cent of all Bitcoin purchases, has not done so.
Despite the technicalities skeptics are wondering if Bitcoin's friction with the Treasury department is the cause of this recent scrutiny. Senator Chuck Schumer (D-New York) said the anonymity afforded by the service provided an "online form of money laundering" and campaigned for its downfall.
"Literally, it allows buyers and users to sell illegal drugs online, including heroin, cocaine, and meth, and users do sell by hiding their identity through a program that makes them virtually untraceable," Schumer said during a 2011 news conference. "It's a certifiable one-stop shop for illegal drugs that represents the most brazen attempt to peddle drugs online that we have ever seen. It's more brazen than anything else by light years."
Most notably, proponents have asserted that Bitcoin would be impermeable in instances where WikiLeaks, for example, saw its funding evaporate as the federal government pressured PayPal to cut off the whistleblower site's support network. Bitcoin would be more resistant to a crackdown of that nature.
Jerry Brito, a scholar at the libertarian Mercatus Center at George Mason University, told the Washington Post Bitcoin could reduce the cost of financial services by pioneering new business formats.
"Bitcoin has the potential to be a boon to the economy and a boon to merchants," he said, adding that it could "disrupt traditional payment networks that have not been innovative for a very long time."
A blind governmental crackdown would only serve to push Bitcoin further underground, Brito argued.
"You can't put the genie back into the bottle," he continued. "I hate to say it, but the Bitcoin community needs to start lobbying. It needs to start educating policymakers, lobbyists and influencers about the pros of Bitcoin and the impossibility or the difficulty in getting rid of all the bad uses."
Bitcoin is a database called the "Blockchain" that is shared among users via P2P in place a central authority like a bank. When making a purchase you receive a payment address an amount. Put that information into your wallet and click "send." A miner then records the transaction and adds it to the Blockchain database so everyone can see the transaction.
US authorities have frozen the account of the world's largest Bitcoin exchange, which helps move the customers' cash online. The booming digital currency has hit bureaucratic blocks ever since its rapid growth came to the attention of government.
The US Department of Homeland Security seized a payment processing account Tuesday belonging to Mt. Gox, the largest international Bitcoin trader, claiming the monetary exchange service falsified financial documents.
The American government has previously made it clear that officials are watching Bitcoin, a decentralized economic currency that international regulators have not yet been able to control. Many of those who favor Bitcoin use Dwolla, an Iowa-based startup that allows customers to transfer their dollars into Bitcoins.
Unfortunately for those consumers, the Department of Homeland Security issued a warrant Tuesday effectively shutting down Dwolla's ability to process Bitcoin payments, as reported by CNET. Whether because of the DHS' charge of operating an "unlicensed money transmitting business," the sudden timing of the allegations, or another reason, Dwolla and Mt. Gox officials have been reluctant to comment.
"In order not to compromise this ongoing investigation being conducted by ICE Homeland Security Investigations Baltimore, we cannot comment beyond the information in warrant, which was filed in the District of Maryland [Tuesday]," said Nicole Navas, a representative for US Immigration and Customs Enforcement.
The warrant claims Mt. Gox CEO Mark Karpeles did not disclose he operated a financial transfer site when he opened a new bank account for the business. Money transmitting services, according to Gawker, are required to register with the Department of Treasury's Financial Crimes Enforcement Network (FinCen). Mt. Gox, which is involved in roughly 63 per cent of all Bitcoin purchases, has not done so.
Despite the technicalities skeptics are wondering if Bitcoin's friction with the Treasury department is the cause of this recent scrutiny. Senator Chuck Schumer (D-New York) said the anonymity afforded by the service provided an "online form of money laundering" and campaigned for its downfall.
"Literally, it allows buyers and users to sell illegal drugs online, including heroin, cocaine, and meth, and users do sell by hiding their identity through a program that makes them virtually untraceable," Schumer said during a 2011 news conference. "It's a certifiable one-stop shop for illegal drugs that represents the most brazen attempt to peddle drugs online that we have ever seen. It's more brazen than anything else by light years."
Most notably, proponents have asserted that Bitcoin would be impermeable in instances where WikiLeaks, for example, saw its funding evaporate as the federal government pressured PayPal to cut off the whistleblower site's support network. Bitcoin would be more resistant to a crackdown of that nature.
Jerry Brito, a scholar at the libertarian Mercatus Center at George Mason University, told the Washington Post Bitcoin could reduce the cost of financial services by pioneering new business formats.
"Bitcoin has the potential to be a boon to the economy and a boon to merchants," he said, adding that it could "disrupt traditional payment networks that have not been innovative for a very long time."
A blind governmental crackdown would only serve to push Bitcoin further underground, Brito argued.
"You can't put the genie back into the bottle," he continued. "I hate to say it, but the Bitcoin community needs to start lobbying. It needs to start educating policymakers, lobbyists and influencers about the pros of Bitcoin and the impossibility or the difficulty in getting rid of all the bad uses."
Bitcoin ~ The Next Revolution in Banking
Bitcoin supporters promise banking 'revolution'
The new virtual currency Bitcoin: You can't touch it; you can only spend it online or with a smart phone. But supporters of Bitcoin say it will revolutionise banking. And now some workers are even being paid with the new system. Al Jazeera's Rob Reynolds went to meet one man who's doing just that, and finds out how his salary has gone up ten-fold.
Friday, May 17, 2013
The Bitcoin US Government Attack Proves Our System is Slavery
by Jason Liosatos
The US Government’s attempt to close the conduit ‘Dual’ to usurp the Bitcoin phenomenon, absolutely proves they are committed to keeping everyone enslaved to their own money system only, and their action has made a clear statement to everyone that ‘You are our slaves, you can only use our currency and we will punish anyone who tries to leave the prison of debt and slavery that we keep you in for your entire lifetime’. The US governments reaction is yet another whiff of smelling salts to re mind, and re awaken people to the prison they are in, which they were told was freedom and democracy, though of course it is the complete opposite: Imprisonment and slavery.
Bitcoin, the digital, virtual online currency is the canary in the cage, and has shown us that we are indeed prisoners to this system, designed for debt and to trap the people in its lifetime web like a spider does, though the spider is less cruel than the unscrupulous oligarchs, at least the spider lures you into its web, ties you up, rendering you helpless then eats you in a couple of weeks, whereas the ruthless governments who have enslaved humanity, trap people in the web of debt, and keeps them alive feeding off their energy for their whole lives, literally as slaves in their work camp using their currency and nothing else, which they give us then we give it back when we spend it again.
Governments worldwide have made it illegal to use any currency other than theirs, what an audacity, making it clear that we are their slaves and we will not escape the prison they have forced us into. They are literally the heroin dealers and the populations are their addicted users, having been rendered virtually helpless without their money system they have told us we can use.
Bitcoin and other virtual currencies are a nightmare for the governments, our slave masters, and captors because these new currencies are allowing humanity to turn their backs on the system of complete control and fear via complete slavery, and creating a sort of escape tunnel away from the government prison of debt and despair.
At last the chloroform and amnesia is lifting for humanity, and the shocking truth is emerging from the fog of fear and deception that we have been coerced and manipulated to think we are free, but in truth we are all born into a prison of debt and a lifetime of slavery where we literally have our lives and time bought, but that is changing as people everywhere are at last feeling and seeing the chains that bind them.
It is a fact that the realization that you are in a prison only becomes evident if you try to leave, whether you ask nicely, or make a break for it, because only then do you feel the wrath of the prison warden who tells you to return to your cell and get on with it.
Bitcoin is an attempt to break out of prison, and although it is a better alternative to governments notes and coins, it is still another prison of debt via a money currency, albeit an illusory, virtual one, which further highlights the insanity of our system generally. As Gurdgieff said: ‘If you want to escape from prison the first thing you must do is recognize you are in prison’. I have been telling people for years that we will only be free when we can operate completely free from government control, I believe that point is upon us now, and it is us the population that will ultimately make the decision and distinction between freedom or continued slavery. – Jason Liosatos. www.jasonliosatos.com
The US Government’s attempt to close the conduit ‘Dual’ to usurp the Bitcoin phenomenon, absolutely proves they are committed to keeping everyone enslaved to their own money system only, and their action has made a clear statement to everyone that ‘You are our slaves, you can only use our currency and we will punish anyone who tries to leave the prison of debt and slavery that we keep you in for your entire lifetime’. The US governments reaction is yet another whiff of smelling salts to re mind, and re awaken people to the prison they are in, which they were told was freedom and democracy, though of course it is the complete opposite: Imprisonment and slavery.
Bitcoin, the digital, virtual online currency is the canary in the cage, and has shown us that we are indeed prisoners to this system, designed for debt and to trap the people in its lifetime web like a spider does, though the spider is less cruel than the unscrupulous oligarchs, at least the spider lures you into its web, ties you up, rendering you helpless then eats you in a couple of weeks, whereas the ruthless governments who have enslaved humanity, trap people in the web of debt, and keeps them alive feeding off their energy for their whole lives, literally as slaves in their work camp using their currency and nothing else, which they give us then we give it back when we spend it again.
Governments worldwide have made it illegal to use any currency other than theirs, what an audacity, making it clear that we are their slaves and we will not escape the prison they have forced us into. They are literally the heroin dealers and the populations are their addicted users, having been rendered virtually helpless without their money system they have told us we can use.
Bitcoin and other virtual currencies are a nightmare for the governments, our slave masters, and captors because these new currencies are allowing humanity to turn their backs on the system of complete control and fear via complete slavery, and creating a sort of escape tunnel away from the government prison of debt and despair.
At last the chloroform and amnesia is lifting for humanity, and the shocking truth is emerging from the fog of fear and deception that we have been coerced and manipulated to think we are free, but in truth we are all born into a prison of debt and a lifetime of slavery where we literally have our lives and time bought, but that is changing as people everywhere are at last feeling and seeing the chains that bind them.
It is a fact that the realization that you are in a prison only becomes evident if you try to leave, whether you ask nicely, or make a break for it, because only then do you feel the wrath of the prison warden who tells you to return to your cell and get on with it.
Bitcoin is an attempt to break out of prison, and although it is a better alternative to governments notes and coins, it is still another prison of debt via a money currency, albeit an illusory, virtual one, which further highlights the insanity of our system generally. As Gurdgieff said: ‘If you want to escape from prison the first thing you must do is recognize you are in prison’. I have been telling people for years that we will only be free when we can operate completely free from government control, I believe that point is upon us now, and it is us the population that will ultimately make the decision and distinction between freedom or continued slavery. – Jason Liosatos. www.jasonliosatos.com
Thursday, April 18, 2013
Breaking News! Bitcoins for Booze - Digital Coins Is Becoming Legal Currency Again!!!
Breaking News! Pay Your Tab With Bitcoins - Digital Coins Is Becoming Legal Currency Again!!!
Bitcoin is attracting the attention as a wildly-volatile, all-digital currency. How does it work? How are criminals taking advantage of it? How risky an investment is it?
BITCOIN The Digital CURRENCY: What is It ? Can This Be The New GOLD Standard
It's even gotten the attention of economic heavyweight Paul Krugman, who has said it's like a reimplementation of the gold standard.
Bitcoin (sign: BTC) is a decentralized digital currency[9][10] based on an open-source,[11] peer-to-peer internet protocol. It was introduced by a pseudonymous developer named Satoshi Nakamoto in 2009.[12]
Bitcoins can be exchanged through a computer or smartphone locally or internationally without an intermediate financial institution.[13] In trade, one bitcoin is subdivided into 100 million smaller units called satoshis, defined by eight decimal points.[4]
Bitcoin is not managed like typical currencies: it has no central bank or central organization. Instead, it relies on an internet-based peer-to-peer network. The money supply is automated and given to servers or "bitcoin miners" that confirm bitcoin transactions as they add them to a decentralized and archived transaction log approximately every 10 minutes.
The log is authenticated by end-users through hashed ECDSA digital signatures (similar to a username and password) and confirmed by intense calculations of varying difficulty, performed by dedicated servers called bitcoin miners. Each 10-minute portion or "block" of the transaction log has an assigned money supply that is awarded to the miners once a "block" is confirmed. The amount per block depends on how long the network has been running and how much in transaction fees has been paid. Currently, 25 new bitcoins are generated with every 10-minute block. This will be halved to 12.5 BTC during the year 2017 and halved continuously every 4 years after until a hard limit of 21 million bitcoins is reached during the year 2140.[1][12]
Bitcoin is the most widely used alternative currency[3][14] and accepted by various merchants and services internationally. As of March 2013, the monetary base of bitcoin is valued at over $1 billion USD.[15][16][17] The large fluctuation in the dollar value of a bitcoin has evoked criticism of bitcoin's economic suitability as a currency.[18]
Bitcoins can be sent and received through various websites and apps. They interface with bitcoins stored locally or with a service. They use a system of ECDSA digital signatures to make and verify transactions.
List of bitcoin wallets
Armory http://bitcoinarmory.com Bitcoin-Qt Coinbase Electrum Flexcoin Multibit
My Wallet https://blockchain.info/wallet Proprietary Web application w/ encrypted hosting
Users obtain new bitcoin addresses as necessary; these are stored in a wallet file with links to cryptographic passwords or "private keys" that enable access to and transfer of bitcoins. A file or "wallet" containing bitcoin addresses is usually encrypted with an additional password.
The network's software confirms transactions when it records them in the transaction log or "blockchain" stored across the peer-to-peer network every 10-minutes. Confirmation of future transaction records makes the ones before it increasingly permanent. After six confirmed records or "blocks" (usually one hour), a transaction is usually considered confirmed beyond reasonable doubt.
Initiators of a bitcoin transaction may voluntarily pay a transaction fee for the confirmation of these records. Any fees are collected by the operators of bitcoin servers -- often called nodes or "bitcoin miners". However, transaction fees may not cover the cost of electrical power required to operate a bitcoin miner. As a result the network server operators often rely on "mined" bitcoins as their only significant revenue.[19
Various vendors offer banknotes and coins denominated in bitcoins; a bitcoin private key is sold as part of a coin or banknote. Usually, a seal has to be broken to access the key, while the receiving address remains visible on the outside so that the balance can be verified.
Bitcoin is attracting the attention as a wildly-volatile, all-digital currency. How does it work? How are criminals taking advantage of it? How risky an investment is it?
BITCOIN The Digital CURRENCY: What is It ? Can This Be The New GOLD Standard
It's even gotten the attention of economic heavyweight Paul Krugman, who has said it's like a reimplementation of the gold standard.
Bitcoin (sign: BTC) is a decentralized digital currency[9][10] based on an open-source,[11] peer-to-peer internet protocol. It was introduced by a pseudonymous developer named Satoshi Nakamoto in 2009.[12]
Bitcoins can be exchanged through a computer or smartphone locally or internationally without an intermediate financial institution.[13] In trade, one bitcoin is subdivided into 100 million smaller units called satoshis, defined by eight decimal points.[4]
Bitcoin is not managed like typical currencies: it has no central bank or central organization. Instead, it relies on an internet-based peer-to-peer network. The money supply is automated and given to servers or "bitcoin miners" that confirm bitcoin transactions as they add them to a decentralized and archived transaction log approximately every 10 minutes.
The log is authenticated by end-users through hashed ECDSA digital signatures (similar to a username and password) and confirmed by intense calculations of varying difficulty, performed by dedicated servers called bitcoin miners. Each 10-minute portion or "block" of the transaction log has an assigned money supply that is awarded to the miners once a "block" is confirmed. The amount per block depends on how long the network has been running and how much in transaction fees has been paid. Currently, 25 new bitcoins are generated with every 10-minute block. This will be halved to 12.5 BTC during the year 2017 and halved continuously every 4 years after until a hard limit of 21 million bitcoins is reached during the year 2140.[1][12]
Bitcoin is the most widely used alternative currency[3][14] and accepted by various merchants and services internationally. As of March 2013, the monetary base of bitcoin is valued at over $1 billion USD.[15][16][17] The large fluctuation in the dollar value of a bitcoin has evoked criticism of bitcoin's economic suitability as a currency.[18]
Bitcoins can be sent and received through various websites and apps. They interface with bitcoins stored locally or with a service. They use a system of ECDSA digital signatures to make and verify transactions.
List of bitcoin wallets
Armory http://bitcoinarmory.com Bitcoin-Qt Coinbase Electrum Flexcoin Multibit
My Wallet https://blockchain.info/wallet Proprietary Web application w/ encrypted hosting
Users obtain new bitcoin addresses as necessary; these are stored in a wallet file with links to cryptographic passwords or "private keys" that enable access to and transfer of bitcoins. A file or "wallet" containing bitcoin addresses is usually encrypted with an additional password.
The network's software confirms transactions when it records them in the transaction log or "blockchain" stored across the peer-to-peer network every 10-minutes. Confirmation of future transaction records makes the ones before it increasingly permanent. After six confirmed records or "blocks" (usually one hour), a transaction is usually considered confirmed beyond reasonable doubt.
Initiators of a bitcoin transaction may voluntarily pay a transaction fee for the confirmation of these records. Any fees are collected by the operators of bitcoin servers -- often called nodes or "bitcoin miners". However, transaction fees may not cover the cost of electrical power required to operate a bitcoin miner. As a result the network server operators often rely on "mined" bitcoins as their only significant revenue.[19
Various vendors offer banknotes and coins denominated in bitcoins; a bitcoin private key is sold as part of a coin or banknote. Usually, a seal has to be broken to access the key, while the receiving address remains visible on the outside so that the balance can be verified.
Saturday, April 13, 2013
Why Bitcoin Could Be Revolutionary
Bitcoin threatens the monopoly that is the issuance of currency, units, debt, money and the very money masters of the world economy. They will be attacked. Bitcoin MAY be a truly revolutionary global financial instrument. why Bitcoin crypto-currency provides an alternative to central bank traditionally issued currencies . Bitcoin, although volatile and in its early stages as a technology, may be one of the most important inventions of the past several CENTURIES. It would be utterly insane and irresponsible to allow a handful of PR hacks, bank executives, and bought politicians to discredit something with so much potential. America used to be a place that actively encouraged innovation in our financial products and technology -- we should be that place again.
Friday, April 12, 2013
The Great Gold vs Bitcoin Debate: Casey vs Matonis
Doug Casey of Casey Research (www.caseyresearch.com/) debates e-money researcher (themonetaryfuture.blogspot.co.uk/) and "crypto economist" Jon Matonis on the virtues -- or otherwise -- of Bitcoin, and how it compares to gold as a form of money.
Casey, a Bitcoin sceptic, notes that Bitcoin satisfies Aristotle's definition of what constitutes "good" money in all but one important aspect: that it doesn't have value in any kind of non-monetary sense, unrelated to its use as a medium of exchange. This is in contrast to precious metals, which have unique chemical properties and uses in an industrial context.
Matonis argues that this is unimportant set against Bitcoin's strengths: notably the ease of transacting in them and its decentralised nature, meaning that there is no central point of attack for its enemies (whoever they may be). He also points out that -- unlike gold -- physical confiscation of Bitcoin, a la FDR in 1933, is for obvious reasons impossible.
This podcast was recorded on 11 April 2013.
Thursday, April 11, 2013
Max Keiser : Bitcoin Millionaires vs Paper Billionaires
Max Keiser and Stacy Herbert discuss both the Dow and bitcoin hitting an all time high as the Fed continues to print $85 billion per month for Wall Street handouts whilst the sequester cuts $85 billion from services to the poor, the elderly and soldiers. They also talk about house prices tripling to all time highs in Hong Kong (thanks to quantitative easing) whilst 'surreal' ghost cities are built in mainland China but which nobody can afford and about how incomes in America are collapsing - thanks to quantitative easing. In the second half of the show, Max Keiser talks to Charles Hugh Smith of OfTwoMinds.com about both socialism and capitalism leading to debtism.
The Bitcoin Debate: Economics vs. Virtual Reality
What is bitcoin, and why is it suddenly the hottest thing in global currency markets?
April 11 (Bloomberg) -- Bloomberg's Sara Eisen and Economics Editor Michael McKee debate the intrinsic value of Bitcoin as the virtual currency has seen its value plunge due to increased interest. They speak on Bloomberg Television's "In The Loop."
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