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Tag: bitcoin
A Realistically Optimistic Scenario for the Future
1. The exponential development of the global Internet culture, intensifying global migration processes, and the rapid development of communication and transaction technologies will jointly result – sooner than most would anticipate – in the dissolution and eventual disappearance of the presently dominant nationalistic, “patriotic”, and other worldviews based on morally arbitrary, tribal divisions. 2. The…
With Cautious Optimism
Bitcoin, 3D printing, independent online learning, charter cities, increasing cultural interconnection, optimistic prospects for seasteading, growing black market entrepreneurship, boom in homeschooling, growing distrust of state-sactioned media, unsustainable state debt. A confluence of positive factors is setting the stage for the development of a voluntary society and for the gradual withering away of the burdensome,…
Satoshi Nakamoto: Natural Elite to the Rescue
Editor’s Pick. Written by Doug French. Meanwhile, as the financial world melted down in 2008, a person or group of people developed the cyber-currency Bitcoin under the pseudonym Satoshi Nakamoto. This innovation epitomizes the natural elite in action. He, she, or they designed and created the original Bitcoin software, currently known as Bitcoin-Qt. This brilliant…
Bitcoin and Unbreakable Law
Editor’s Pick. Written by Jacob Lyles. Imagine that you were entertaining a business deal with a man with an supernatural ability to make two kinds of promises: 1) promises that are impossible for him to break and 2) ordinary, breakable promises. Why would you accept anything other than the unbreakable promises from him? If he…
The Economics of Bitcoin
Editor’s Pick. Written by Robert Murphy. Bitcoin is an ingenious peer-to-peer “virtual” or “digital currency” that challenges the way economists have traditionally thought about money. Its inbuilt scarcity provides an assurance of purchasing power arguably safer than any other system yet conceived. But to understand these claims, one must first understand the basics of Bitcoin.…
Bitcoin: The Tyranny Test
Editor’s Pick. Written by Paul Rosenberg. An increasing number of people have complained about governments and central banks in recent years, even using the word “tyranny” to describe them. They are, of course, called names in the establishment press: conspiracy theorists, mainly. Calling someone a name, however, does not erase their argument (at least not…
Bitcoin: Roller Coaster of Love
Editor’s Pick. Written by Thomas L. Knapp. It’s up, it’s down. It’s the future of commerce one day, just another Internet bubble the next. It’s the end of government-controlled currency and banking … but wait, the US government’s Financial Crimes Enforcement Network has something to say about that. It’s Bitcoin, and you’ve almost certainly been…
Bitcoin for Beginners
Editor’s Pick. Written by Jeffrey Tucker. Understanding Bitcoin requires that we understand the limits of our ability to imagine the future that the market can create for us. Thirty years ago, for example, if someone had said that electronic text—digits flying through the air and landing in personalized inboxes owned by us all that we…
Re: Bitcoins as Bubble, or Not
Writes Pete Earle: I don’t know if Bitcoin is in a bubble or not. I gave a few reasons for and against the idea here and voiced other concerns here, but in the final analysis it doesn’t matter. It doesn’t matter because individuals choose to get involved with Bitcoin; unlike dollars, pounds, euro, or the…