There’s a gold rush going on these days, or a Bitcoin rush, at least. Driven by the recent swings in the value of a Bitcoin, more and more people are learning about and becoming interested in the currency. While they could just buy Bitcoins at the current market rate, others are looking to try their luck at mining Bitcoins. And like prospectors who traveled west during the Gold Rush of the 19th… → Read More
Mining bitcoins – a process that helps manage bitcoin transactions as well as create new “wealth” – is the new Beanie Babies. Luckily for us, however, bitcoins seem to be going up in value and should maintain their value over time, unlike your mint condition Tiny the stuffed Chihuahua. But how do you get bitcoins? You can begin by buying them outright, but the market is… → Read More
A commentator on Bloomberg, Princeton student Evan Soltas, writes that Bitcoin is an “existential threat to the modern liberal state,” a line that can be read in two ways. One reading of his op-ed suggests we are all in danger and that the inability to tax and track bitcoins will result in a thriving black market and reduced fiscal control that will be disastrous for all of us. Taken another way … → Read More
After some prominent press (and some prominent naysaying), Bitcoin has suffered a bit of a crash, falling from a high in the twenties to about of $3 USD today. Interestingly, however, the intensity with which users, experimenters, and entrepreneurs are still supporting what could best be termed a movement has not waned.
The money to be made in this space is in the creation of an intelligent… → Read More