Bitcoin Breaks the Fourth Wall of Liberty
The most pressing problem evangelical bitcoiners and libertarians face is one of communication. Occasionally on purpose, but more often by accident, they erect four walls and create a barrier between their world and the rest of the world. They struggle…
The DJIA Is a Hoax
The Dow Jones Industrial Average (DJIA) Index is the only stock market index that covers both the second and the third industrial revolution. Calculating share indexes such as the Dow Jones Industrial Average and showing this index in a historical…
Can Local Government Crypto-Currencies Help Tackle Poverty?
LOCAL GOVERNMENT CRYPTO-CURRENCY TO PAY VOLUNTEERS – If HullCoin can spark a new inclusive economy which creates gives poor people guaranteed material benefits (e.g. rent, tax and food) from poor people doing voluntary work, then the strategy should work in…
Bitcoin: The Democratization of Money
Bitcoin is commonly regarded as a truly democratic form of money. Interestingly enough, however, there seem to be various explanations supporting this characterization. Furthermore, at least one of these interpretations have caused some to doubt whether…
Open Intelligence Alert: GROWING POTENTIAL SECURITY THREAT?
As the Internet continues to expand in scope with potentially billions of access points, as technology such as the Internet of Things is rolled out, problems relating to the security of the infrastructure are only going to increase. There is…
Open Intelligence Alert: Trust is Not Just an Algorithm
According to the source, the Mt Gox debacle was not just a software glitch, but was the result of a systemic error. The article explains how the “Five Parties Model” (consisting of the Issuer, the Trustee, the Manager, the Operator and the…
Open Intelligence Alert – Lloyds of London Insured Bitcoin Savings
While this is the first company to offer Bitcoin insurance, it is definitely not the first company or firm in the world to provide encrypted cold storage and the like. In fact, American users will be relieved to know that…
If Gox lost 750,000 Bitcoins, Where’d They Go?
I’m going to say it. Something doesn’t seem right with the story we’re getting. Who the hell runs a half-billion dollar business and doesn’t have accounting procedures in place good enough to notice the loss of nearly ALL ASSETS. According…
Open Intelligence Says: No Free Lunch
Open Intelligence says: NO FREE LUNCH – Completely frictionless trading with Bitcoin looks increasingly unlikely. The Mt Gox ‘bug’ has already cost Bitcoin users a lot of money. In the not too distant future, one of the costs will be…
GKS Katowice the First Professional Football Club to Accept Bitcoin
By Mark Norton – Editor at BitcoinWarrior.net Last month the Sacramento Kings became the first sports team that I’m aware of to officially accept Bitcoin spurred by the owner, Vivek Ranadivé, passion to bring technology, globalization, and community partnerships to…