Every time I see the word “Bitcoin,” I think of tulips and housing bubbles and the kind of multi-level marketing schemes that push overpriced cleaning agents and nutrition supplements onto friends and neighbors with hyperactive, quasi-evangelical fervor.
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The paper is written in easy to understand language and helpful balance sheet graphics. It does a particularly good job in simplifying several technical issues. As Cullen Rochenotes, the money multiplier is dispatched to the ash can of history, where it belongs. It is reassuring to see this sort of recognition coming out of the central banks as regular production now, although that has been the case to some degree for a while now. And Ramanan points to some interesting post Keynesian references and influences in the paper.
When the financial crisis was bearing down on us like a speeding Mack truck in 2008, policymakers at the Federal Reserve -- our first responders in such an emergency -- were snoozing comfortably in the middle of the road.
Bitcoin buyers beware: Our view Green Bay Press Gazette But this particular currency of the people had a rather murky origin. It was created in 2009 by someone who might or might not be named Satoshi Nakamoto.
We have endeavoredtimeandagain to explain Bitcoin, but do any of you really understand it? It doesn't help that the mysterious digital currency keeps disappearing. Thankfully, here's a Conan O'Brien bit to set the record straight once and for all.
Following the implosion of Japanese exchange Mt.Gox, the Japanese government wanted to clarify its stance regarding the cryptocurrency. According to the Wall Street Journal, the government doesn’t consider Bitcoin a currency. Companies and individuals using Bitcoin don’t need to obtain a banking license or comply with regulatory standards. In other words, Japan could have become a Bitcoin haven for companies willing to avoid regulation at all costs.
The Bitcoin community was nearly unanimous in expressing its displeasure at the controversial Newsweek story purporting to out "Satoshi Nakamoto," the anonymous person who coded and created the famous digital currency.
It's the brainchild of Wences Casares, former CEO of digital wallet company Lemon (acquired by Lifelock last December). His new company is called Xapo, and has raised $20 million in first-round funding led by Benchmark. Other investors include Fortress Investment Group (FIG) and payment-focused VC firm Ribbit Captial.
Many of our readers will know that Newsweek publishedan article last week that purported to uncover the “true” identity of Bitcoin creator Satoshi Nakamoto. While the article threw another candidate into the ring for the parlor game of “guess the identity of Nakamoto,” it didn’t present nearly enough evidence to draw a conclusion about the inventor of the cryptocurrency.
Like a cancer, the political, interest-based, debt-money system corrupts everything it touches. It’s time it was replaced. This is the fifth article in our series on the role of money in the transformation of society.
The US derivatives regulator is considering whether to regulate digital currencies such as bitcoin, the agency's head said, as governments the world over begin to address how to handle mercurial cryptocurrency.
A bill was introduced in February to California state legislature to regulate cryptocurrencies known as Assembly bill 129 which would legalize alternate currencies and coupons. Assemblymember, Roger Dickinson, introduced the bill even though he is notBitcoin advocate. He merely wants to address sweeping changes that mobile and digital forms of payments are coming into use, as he explained in an interview with CoinDesk today.