Looking for "Bitcoin"

Showing 131-138 of 138

satoshin • Jun 2, 2017, 1:43 pm EDT

Bitcoin Solves Runaway Inflation by Undermining Trusted Third Parties

Bankers, governments, and other trusted centralized organizations require society to be steeped in runaway inflation. These fiduciary cartels thrive when they manipulate the money supply and cause drastic shifts in prices within the market economy they lord over. They believe the money supply must be regulated and controlled for the economy to function optimally, lest society collapses as a result of too little currency injection. Also read: Bitcoin Could Progress the Fourth Industrial Revolution Says Wealth Manager Luckily, bitcoin solves the dilemma of needing a trusted third party to control the money supply. Before delving further into why this is the case, everyone must possess

6 minutes

satoshin • May 30, 2017, 3:49 pm EDT

Skyrocketing bitcoin is more than just an investment — it could help the world, says investor

Bitcoin, the cryptocurrency that has been on a tear of late, is not only an attractive investment, but it is also a potential solution to easing a strained global financial system, according to a top money manager. The current debt-based market with unlimited supply and limited borders, allows for “too much quantitative easing,” which is behind the problem of “too much debt and too little growth,” according to Rainer Michael Preiss, executive director of Taurus Wealth Advisors. And that, he said, is where bitcoin comes in. Adam Jeffery | CNBC Denarium Bitcoins. “Governments are potentially having long-term issues with debt

2 minutes

satoshin • May 30, 2017, 11:57 am EDT

Tokens are early today, but will transform technology tomorrow.

Thoughts on Tokens – Balaji S. Srinivasan By Balaji S. Srinivasan and Naval Ravikant The exponential rise of non-Bitcoin tokens prior to the coming correction. Data from coinmarketcap.com/charts In 2014, we wrote that “Bitcoin is more than money, and more than a protocol. It’s a model and platform for true crowdfunding — open, distributed, and liquid all the way.” That new model is here, and it’s based on the idea of an appcoin or token: a scarce digital asset based on underlying technology inspired by Bitcoin. While indisputably frothy, as of this writing the token sector sits at a combined market cap

14 minutes

satoshin • May 25, 2017, 11:38 am EDT

How Bitcoin will see massive adoption – it might surprise you.

Cryptocurrencies could see massive adoption perhaps in a way a typical fiat currency would not. Here is how: As people will keep spending fiat (why hold on to it, it loses quickly in value) they will naturally try to preserve and hold on to their bitcoin. Exceptions of course exist: if there is some real imperative for them to spend, they will spend their Bitcoin – this alone has been hailed as distinct marker of a debt-ridden society in which capital continuously gets misallocated and one where a limited asset constraints capital investments and makes sure they will have a superior return

3 minutes

satoshin • May 25, 2017, 11:22 am EDT

Bitcoin blows past $2,500, $2,600, and $2,700

The bitcoin rally just keeps going. Thursday’s action has run bitcoin above $2,500, $2,600, and $2,700 for the first time. It hit a high of $2,749 before paring its gains. Currently, the cryptocurrency trades up 11.2%, or $270, at $2,682 a coin. It has gained in 27 of the past 30 sessions and has tacked on more than 130% over that time. Bitcoin has climbed aout 20% since Tuesday’s close, propelled by news that the Digital Currency Group, representing 56 companies in 21 countries, reached a scaling agreement at the Consensus 2017 conference in New York. The announcement was the latest bit of good news

1 minute

satoshin • Feb 27, 2017, 12:40 pm EST

The Economics Of Bitcoin – Why Mainstream Economists Lie About Deflation

As many of my regular readers know, I’ve already written a few articles on Bitcoin that explain why it is money. In those articles I have addressed why the inherent properties of Bitcoin give it value as a medium of exchange. One of those properties that I mentioned, but did not go into very deeply, is the deflationary aspect of the currency system. Bitcoins are inherently deflationary as a currency because they will eventually top out in the number that can be produced. Eventually total Bitcoin circulation will reach about 21 million coins, and after that, no new coins can be created.

1 minute

satoshin • Jan 18, 2017, 12:38 pm EST

Strongest Currency of 2015? Bitcoin (And 2010, 2011, 2012, 2013)

(Change against US $ at 12 December 2015 against rates one year ago) Bitcoin (XBT) +21% Israeli Shekel (ILS) +2% US Dollar (USD) Swiss Franc (CHF) -2% Japanese Yen (JPY) – 2% Bottom 5 weakest currencies in 2015 Venezuelan Bolivar (Black market rate) -78% Ukrainian Hryvnia (UAH) -34% Brazilian Real (BRL) -33% South African Rand (ZAR) -31% Colombian Peso (COP) -28% The FX markets in 2015 have been defined by the De-Risking phenomenon: investors have fled from risk into the main hard currencies, namely XBT(Bitcoin), USD, CHF and JPY. They have retreated from VEF, UAH, BRL, ZAR, COP, RUB. XAU (Gold)

1 minute

satoshin • Dec 26, 2016, 3:58 am EST

Bitcoin’s revolution

In short, software is eating the world. Marc Andreessen Software is indeed taking over the world …and the banking system is no exception. In 2009 an innovative new technology “Bitcoin” sparked a revolution in the financial industry and does to banking what the internet has done to publishers and media. For the first time in history a decentralized worldwide network of programmable money exists. We are at the cusp of a revolution similar to the dawn of the internet. “Well, although it may be hard […] to grasp, Bitcoin represents nothing short of the digitization of trust. Bitcoin blockchain technology has

1 minute