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My Secret Life as a Bitcoin Miner – Part 1: The Basics

My Secret Life as a Bitcoin Miner – Part 1: The Basics | money money money | Scoop.it

The time period Bitcoin has been in the information currently Bitcoins have been increasing in benefit with volatility, but also secret for an individual without having a laptop science or mathematical history. In this put up I will deal with the vocabulary and basics of bitcoin and bitcoin transactions.

 
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'Litecoin Is Silver To Bitcoin's Gold' — Here's What That Actually Means

'Litecoin Is Silver To Bitcoin's Gold' — Here's What That Actually Means | money money money | Scoop.it

You may be wondering whether there were ever any mainstream users in the first place. But Charlie Lee, a former Googler and MIT grad, recognized such an audience did exist. In 2011, two years after the birth of Bitcoin, the former Googler and MIT grad decided to create a version of Bitcoin that would make it more accessible.

 




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The United States of financial insecurity

The United States of financial insecurity | money money money | Scoop.it
Most Americans now feel like they're able to pay their day-to-day bills. But they still have that sinking feeling when it comes to their long-term finances.
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In Bitcoin's Orbit: Rival Virtual Currencies Vie for Acceptance

In Bitcoin's Orbit: Rival Virtual Currencies Vie for Acceptance | money money money | Scoop.it
Bitcoin is not alone. The virtual universe has spawned a few dozen alternatives, with varying reserves, computer mining requirements and privacy. ("In the alternative galaxy of virtual currencies, newly created money can become worth millions..
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Alternative coins rise to challenge bitcoin as the future of money

Alternative coins rise to challenge bitcoin as the future of money | money money money | Scoop.it

A software engineer from Springfield, Missouri, Blankenship is putting his money on PeerCoin, one of the biggest of the virtual currencies that are being promoted as alternatives to bitcoin.

 
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The Euro Crisis, Contradictions between Countries in the Periphery and Centre of the European Union - World News Report

The most comprehensive geo-political news service available on the Internet, covering over 263 countries and regions, all U.S. States and Industries.
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The Euro Crisis: Pain and Politics | Becker Friedman Institute

 
In this Friedman Forum, Becker Friedman Institute Distinguished Fellow Pierre-André Chiappori debunks the myth that the euro crisis is a debt problem and that the worst of which is behind us.
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Crimeware kit includes Bitcoin, Litecoin miner module | PCWorld

Crimeware kit includes Bitcoin, Litecoin miner module | PCWorld | money money money | Scoop.it
A new malicious software program, advertised for sale on underground forums, claims to mine and steal bitcoins, according to a Danish security company.
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Bitcoin: The opportunity costs of mining for money - The Week Magazine

Bitcoin: The opportunity costs of mining for money - The Week Magazine | money money money | Scoop.it

Everything we do and every choice we make has an opportunity cost. In a world of scarce time and resources each choice necessarily means rejecting many other possible opportunities. One of the best illustrations of this concept was made by President Eisenhower in a 1953 speech. Eisenhower criticized the use of scarce resources for military purposes because of the opportunity cost:

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Rising risks of a new world financial crisis - The Motley Fool

Rising risks of a new world financial crisis The Motley Fool These conclusions come at the same time that the Organisation for Economic Co-operation and Development (OECD) has stated that there are rising risks of a new world financial crisis...
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In Bitcoin's Orbit: Rival Virtual Currencies Vie for Acceptance - New York Times

In Bitcoin's Orbit: Rival Virtual Currencies Vie for Acceptance - New York Times | money money money | Scoop.it

A software engineer from Springfield, Mo., Mr. Blankenship is putting his money on PeerCoin, one of the biggest of the virtual currencies that are being promoted as alternatives to bitcoin.

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A China Triangle: Bitcoin, Baidu, And Beijing - Forbes

A China Triangle: Bitcoin, Baidu, And Beijing - Forbes | money money money | Scoop.it

Thinking of buying trinkets in Beijing?  Don’t forget to bring your Bitcoins. China, in the last few weeks, has gone crazy over the cryptocurrency, which is now accepted by Chinese online retailers, a Shanghai real estate developer,and traders in Tiananmen Square.  Perhaps you want a latte in Zhongguancun?  Yes, you can use Bitcoins to pay for caffeine in Beijing’s high-tech zone.

 

 

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Senator says 'Bitcoins' are challenge for regulators - Lawrence Journal World

Senator says 'Bitcoins' are challenge for regulators - Lawrence Journal World | money money money | Scoop.it

Bitcoin is not the first "virtual currency" to appear on the Internet, but it's the one currently grabbing most of the attention from currency regulators in the United States and elsewhere. That's mainly because of its rapid growth in recent months and its potential for being used as a medium for illicit transactions like drug trafficking and money laundering.

 
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Are virtual currencies reality or illusion? - ZDNet

Are virtual currencies reality or illusion? - ZDNet | money money money | Scoop.it

Summary: We are still talking about the potential of virtual currencies, despite all the considerable advances in technology over the last 30 years, the significant spread of globalization, and how it might impact financial transactions.

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Is Bitcoin about to change the world?

Is Bitcoin about to change the world? | money money money | Scoop.it
If you want to buy drugs or guns anonymously online, virtual currency Bitcoin is better than hard cash. Canny speculators have been hoarding it like digital gold. Now the world's leading bankers are even talking about as a rival for real money.
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The unknown financial crisis of 1914 - OUPblog (blog)

The unknown financial crisis of 1914 - OUPblog (blog) | money money money | Scoop.it


The mounting diplomatic crisis in the last week of July 1914 triggered a major financial crisis in London, the world's foremost international centre, and around the world.

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icrunchdata news | Bitcoin - On-line Payment Revolution or Big Data Anarchy?

icrunchdata news | Bitcoin - On-line Payment Revolution or Big Data Anarchy? | money money money | Scoop.it

In movies you commonly see treasure hunters, pirates and thieves bite down on a gold coin to verify that it is “real” gold.  So too, Olympic Gold Medal winners often pose with the medal between their teeth. Why is this?  And what has it to do with the subject of this Blog, Bitcoin?

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Baltimore: About Local Currency

Local currency, also called complementary currency, is money that is designed to be used within a community, town, or city.  Whereas national currencies, like the US Dollar, are now loaned into existence, necessitating their repayment with interest to a bank or financial institution, local currencies exist solely to facilitate commerce within a community and to preserve and restore the social nature of trade and business. Dollars are universal, but they don’t have the same power that local currencies have, to promote and grow a local economy, in ways that benefit the people and not banks.

 
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Keiser Report: Gold, Silver, Bitcoin FTW! (E527)

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss QE as the meals on wheels for over-leveraged, consum-oholic debt addicts with Ben ... (RT @maxkeiser: Keiser Report: Gold, Silver, Bitcoin FTW!
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Answers to Bitcoin questions - The Columbian

Answers to Bitcoin questions - The Columbian | money money money | Scoop.it


So the system needed an alternative mechanism for introducing currency into circulation. Bitcoin's designer solved this problem in a clever way.

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Michael Pento

Michael Pento | money money money | Scoop.it

Michael Pento: President of Pento Portfolio Strategies - Michael is a well-established specialist in the “Austrian School” of economics. A regular on CNBC, Bloomberg, Fox Business, and other national media outlets and his market analysis can be read in most major financial publications. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE.

  

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Virtual Currency Meets Healthcare as Polish Dentist Accepts Bitcoin | World Liberty News

Virtual Currency Meets Healthcare as Polish Dentist Accepts Bitcoin | World Liberty News | money money money | Scoop.it

Bitcoins can buy you everything from lunch and international flights to alleged hits on other human beings, if you’re that way inclined.

 
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Bitcoins: Widely known and widely misunderstood - Los Angeles Times

Bitcoins: Widely known and widely misunderstood - Los Angeles Times | money money money | Scoop.it
Some people think of bitcoins as investment vehicles. Others see them as weapons against nefarious central banks. Both impressions are certainly wrong.
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Value of virtual currency bitcoin skyrockets

Value of virtual currency bitcoin skyrockets | money money money | Scoop.it

The bitcoin bulls went on the charge last week, sending the price for one unit of the virtual currency towards the US$1,000 landmark after American lawmakers showed a willingness to lend legitimacy to digital cash.

 

 

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Bitcoin, more thoughts on an emerging currency - - - Joannes Vermorel's blog

Bitcoin, more thoughts on an emerging currency - - - Joannes Vermorel's blog | money money money | Scoop.it

Two years ago, I was publishing some first thoughts on Bitcoin. Meantime, Bitcoin has grown tremendously, and I remain an enthusiast observer of those developments. I had originally proposed a vision in 5 stages for the development of Bitcoin with

 
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation