Saturday 16 March 2013

Is Bitcoin Money?

Since Bitcoin is now a $400 million market, with its price hitting new all-time highs, now might be good time to ask - Is Bitcoin Money? 
Max Keiser-by Max Keiser - Host, The Keiser Report -RT | follow @maxkeiser

Thursday 14 March 2013

Bitcoin – The top performing currency in the world?!

"While other currencies are going up and down about 3% – 15% a year, I’m very excited to introduce you to my new investment, which in the past year has gained over 400%....The U.S. dollar value of a bitcoin is about $45 today compared to just $5 a year ago. In the last three months bitcoins gained over 200% since at the end of 2012 (when) the quoted price was $13.48."

Bitcoin Rises - Al Jazeera News

"Although there is still the possibility of a volatile market, the Bitcoin ecosystem looks more promising than ever."

Timely informative article on the rise in value of bitcoin, written by Nicolas Mendoza, a Colombian scholar, artist and researcher in global media from the University of Melbourne, currently at City University of Hong Kong. Also P2P Foundation collaborator, Editorial board Bitcoin Magazine
Follow him on Twitter: @nicolasmendo

"About a year ago I (the author) wrote an article, published on the Al Jazeera site, titled "Understanding Bitcoin". It was an attempt at introducing Bitcoin technology and analysing its social implications. Now Bitcoin markets are trading at record prices of over US$40. This increase, along with a series of recent developments, marks a new overall state of affairs for this project. To make better sense - beyond the mere market numbers - of the current state of the Bitcoin economy, it is worth it to make a brief recount of the way Bitcoin has evolved in recent months."
"...Bitcoin 2013 is certainly a much more robust animal than its 2011 version, and its future looks more promising now than ever before. Step by step, Bitcoin rises."
Read the full article here

Friday 8 March 2013

Bitcoin is the Economic Singularity

As background to my tweet below, it is worth publishing this article about Bitcoin from 2011 by @ryandickherber
Bitcoin is the Economic Singularity
By Ryan Dickherber
Saturday, June 4, 2011
"Three weeks ago I discovered bitcoin. It sounded interesting enough that I decided to devote an entire Saturday to it—that was my “day of bitcoin.” My day of bitcoin evolved into my three weeks of bitcoin. In that time, I have been obsessively reading about it, writing about it, buying it, and creating businesses for it. As far as I can recall, I have never been so obsessed about anything. But the reason I am obsessed with bitcoin is simple: it is the most incredible thing to ever happen in the world. I am not exaggerating. We are presently witnessing the most disruptive change to ever happen to collective human behavior. Although there have been other disruptive changes to human behavior in the past, bitcoin is happening much faster than those. 
>Read full article here