Global Bitcoin Stock Exchange Shuts Down For Good

Last Thursday, the Global Bitcoin Stock Exchange, the first and by far the largest securities exchange in the Bitcoin economy, unexpectedly shut down. The principal cause of the shutdown appears to be legal problems. As Nefario wrote in IRC chat[1], “my problem actually is: 1) AML, 2) tax, 3) regulations, in that order.” The shutdown […]

Intersango Shuts Down USD Trade

This morning, users of the Bitcoin exchange Intersango were greeted with an email from support stating that Intersango would soon be shutting down all USD-denominated trade on the exchange: Intersango’s USD market will stop trading 2012-10-14 at approximately midnight UTC. At this time we ask that persons with USD funds either place a withdrawal request […]

Bitcoin Prevents Monetary Tyranny

By Jon Matonis Forbes Thursday, October 4, 2012 Mel Gibson as William Wallace wearing woad. Bitcoin is not about making rapid global transactions with little or no fee. Bitcoin is about preventing monetary tyranny. That is its raison d’être. Monetary tyranny can take many ugly forms. It can be deliberate inflation, persecutory capital controls, […]

Bitcoin & Precious Metals, The First Diversified Portfolio of the Rebel In History

By Silver Vigilante Monday, July 30, 2012 For the first time in history, the rebel alliance can compile a diversified portfolio that reflects his or her inter-essences, that is interests.  While not only can investments be made under the dominant financial system which undermine that system, such as physically delivered precious metals, mediums of exchange […]

Butterfly Labs Offers Lifetime Warranty, ASIC Competition Surges On

About three months ago, Butterfly Labs was the first to announce a specialized Bitcoin mining device based on a technology with the potential to massively increase the computing power of the Bitcoin network per unit power and cost: the ASIC. ASIC, or application specific integrated circuit, is a technology taking specialization to a whole new […]

Bitcoin Usage for Political Donations Expands to Vermont

About a month ago, New Hampshire State Representative Mark Warden pushed forward the legitimacy of Bitcoin in two very significant ways. First, he was the first major political candidate to accept Bitcoin for political donations. This was a significant milestone, both because the regulations around political donations make utilizing Bitcoin a much greater challenge than […]

Legally accept Bitcoin donations for any political campaign in the U.S.

qztvmxpr Bitcoin for political campaign donations is a no brainer, and Bitcoinbuilder seems to have made the go-to platform. So many small transactions are nearly zeroed out by the cost of credit card transaction fees.  Here’s hoping the Bitcoin donation system for Super PACs is just around the corner 😉 Here’s the minimum information required […]

Bitcoin and Morality

Bitcoin — a currency by most measures — is consistently framed as ‘amoral.’ Let’s think about why currencies are not compatible with morality. An unethical or amoral use for a unit of exchange says nothing about the unit, and everything about the user. Those who don’t understand Bitcoin seem to think its uses make it good or bad. […]