Why Would the Average Person Adopt Bitcoin? – An Open Letter
@BrianM_Butler I’m really not qualified, the economics baffles me. But the idea of creating money ex nihilo by hard calculation fascinates. @looksurly I’m currently just researching Bitcoin and am wondering what would make the average person adopt it? Wonder if…
Bitcoin Primer: Bitcoin as Money
As Bitcoin begins to grow, there are going to be more and more experts coming out to talk about how Bitcoin is not real money, how it is not based on anything real. Of course, for those who have already…
Profiles in Bitcoin: Money 2.0
This is the second part of a series profiling businesses that use bitcoin. As we called around for this project, one of the things that struck us was not that people were using bitcoin because of political agendas, but rather…
Max Keiser’s BTC-Dollar Peg and the Coming Crash
Bitcoin should be pegged to the dollar. The advantages are numerous, opines Max Keiser in this article on the Huffington Post. He likens a BTC peg to the dollar to the Chinese pegging of the Yuan to the dollar at…
Bitcoin’s Babysitter Dilemma and the Domino Effect
Paul Krugman in 1998 wrote an article on the Capitol Hill Babysitting Co-op. Pascal-Emmanuel Gorby summarized Krugman’s point in this article in Forbes: The story of the baby-sitting co-op is that a bunch of people agree to baby-sit for one another,…
Who Uses Bitcoin? Profiles in the Money 2.0 Economy
When I got into bitcoin just a few months ago, one of the many questions that I needed to answer was, just who are these people? At the same time, I wanted to know more about how people are making…
Why Bitcoin? Isn’t That Risky?
I am relatively new to bitcoin and since I’ve started this blog, I have started talking with the my friends about it. The reaction I get is fairly predictable. If they have even heard of it, I get blank stares…
It’s Drug Money, It’s a Bubble, It’s a Ponzi Scheme, Oh My!
I’ve been hearing some terrible things about bitcoin over the last few days, and I have to tell you, it has me worried. First, Mt. Gox decided not to deal effectively in USD for what they say will be…
A Child Stomps an Ant: The Bitcoin Foundation vs. The California DFI
This is the way that I want the regulators to be… I want organizations like the DFI of California to be looking out for the little guy I want them making sure that nefarious people don’t abuse our ignorance to…
A BitCoin for Beginners Guide – Part One
The best way to learn about bitcoin is to jump in and get a few in your “pocket” to get a feel for how they work. Despite the hype about how difficult and dangerous it can be, getting bitcoins is…