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Bitcoins Go Splat.

Written by Gary North on December 18, 2013

Bitcoins have just suffered another huge hit. The other shoe has just fallen. Bitcoins were selling at $1,242 on November 29. The headlines were all over the Web: “Bitcoins surpass the price of gold.” That was the peak. They are around $500 today. That is a decline of 60%. When an investment fad ends, it […]

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The Establishment’s Case for Bitcoins

Written by Gary North on December 12, 2013

The headline caught my attention: EY: ‘Bitcoin has the potential to be a game-changer’. So did the subhead: Big Four accountant EY shares insights into the digital currency its says could be a ‘game changer’ EY is a British accounting firm. How, I thought, can Bitcoin become a winner? It‘s a loser from the point […]

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Showdown: Bitcoins vs. Greenbacks and/or Gold and Silver

Written by Gary North on December 10, 2013

There are conflicting stories among Bitcoins’ supporters about why a Japanese programmer or team of Japanese programmers, who are known by a pseudonym Satoshi Nakamoto, developed the original idea for the Bitcoins software. The primary justification for Bitcoins among libertarians is the prediction that Bitcoins will become an alternative currency to all existing central bank […]

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Bitcoins: The Inside Dope

Written by Gary North on December 9, 2013

Reality Check Today, I interview Bitram “Bitty” Coins, the nation’s leading expert in the Bitcoins market. GN: Mr. Coins, I am happy you consented to an interview. BC: Call me Bitty. GN: OK, Bitty. I want to find out what this Bitcoins deal is all about. BC: It’s about liberty. It’s about a new international […]

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Libertarian Sheep: Made to Be Sheared by Bitcoin

Written by Gary North on December 5, 2013

This week, a perfectly named Bitcoin market called Sheep Marketplace went down, taking $100 million of the sheep’s Bitcoins with it. It announced this. Sheep is down We are sorry to say, but we were robbed on Saturday 11/21/2013 by vendor EBOOK101. This vendor found bug in system and stole 5400 BTC — your money, […]

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