Monthly Archives: November 2013

EU Easing to Infinity and Beyond?

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“Money printing will continue and financial instruments will therefore continue to inflate, both in Europe and the US. There will be much hand-wringing about deflation and a lack of jobs, but this is not serious. The system cannot function any other way.  As we have pointed out before, we are in the reflationary leg of a bear-market cycle. There will doubtless be significant volatility but the power elite controlling the financial system seems determined to create yet another blow-off.  You may not have a job but if you have assets you will be able to participate in it and possibly reap significant rewards if you are careful and pay attention to the timing of additional money flows. Good luck.”

http://www.thedailybell.com/news-analysis/34741/EU-Easing-to-Infinity-and-Beyond/

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Decentralised Digital Asset Registers: Mastercoin

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“What makes this approach interesting is that it is based on a deep insight: the bitcoin network and the bitcoin currency are not the same thing. The key insight of mastercoin is that you could also build a distributed asset register on top of the network services, without making much use of the bitcoin currency itself.  That is: whereas a bitcoin transaction and a colored coin transaction are really the same thing, a mastercoin transaction could have no real conceptual linkage to the underlying bitcoin transaction that happens to carry it. It would, in effect, be a second currency system sitting on the same network infrastructure.”

http://gendal.wordpress.com/2013/11/10/decentralised-digital-asset-registers-mastercoin/

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Bill Bonner: Davos Without the Hookers (Part II)

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Bill-Bonner2

“‘Look, let’s start at the beginning. There are only two ways to get what you want in this life. You take it by force and violence. Or you get it peacefully… by making, trading, and cooperating with others. That’s true of material wealth. It’s true of stuff. It’s true of power and status. And it’s as true of sex as it is of everything else. You can get it by negotiation… or you can get it by brute force. So, let’s try to agree on the basics. Wouldn’t you all agree that we’re better off generally if stick with consensual, peaceful, cooperative ways to get what we want in life?’ The audience was quiet.”

http://www.bonnerandpartners.com/davos-without-the-hookers-part-ii/

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The Well Deserved Fortune of Satoshi Nakamoto, Bitcoin creator

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“I can’t assure with 100% certainty that the all the black dots are owned by Satoshi, but almost all are owned by a single entity, and that entity began mining right from block 1, and with the same performance as the genesis block. It can be identified by constant slope segments that occasionally restart. Also this entity is the only entity that has shown complete trust in Bitcoin, since it hasn’t spend any coins (as last as the eye can see). I estimate at eyesight that Satoshi fortune is around 1M Bitcoins, or 100M USD at current exchange rate.”

http://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/

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China fuels Bitcoin surge to record high

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“Bitcoin was recently featured in favorable reports on China’s state-run CCTV television network and in government-backed newspapers. It has also gained popularity since Baidu (BIDU), China’s leading search engine, announced plans to accept Bitcoin as payment for some services.  ‘The demand out of China has been pretty staggering,’ said Barry Silbert, founder and CEO of SecondMarket, the parent company of Bitcoin Investment Trust, which was recently launched as the first U.S.-based investment fund dedicated just to Bitcoin. ‘We’re seeing the early signs of money coming into Bitcoin as an asset class,’ Silbert said. The Bitcoin Investment Trust has amassed $15 million since September.”

http://money.cnn.com/2013/11/12/investing/bitcoin-record-high/

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Domain for Mintchip from the Royal Canadian Mint has expired

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“Looks like the MintChip domain from the Royal Canadian Mint has expired: http://mintchipchallenge.com/ ? Guess they have abandoned ship…”

https://www.coinforum.ca/discussion/570/domain-for-mintchip-from-the-royal-canadian-mint-has-expired

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Alix Announces Initial Bitcoin Mining Exploration Transaction

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“ALIX RESOURCES CORP. is pleased to announce that it has entered into an innovative and creative service plan with Ridge Resources Ltd. for upcoming exploratory work on its Windy Property located 15 kilometers north of Cassiar, British Columbia (see news release, November 7, 2013). Pursuant to the plan, Alix will pay Ridge for its services in bitcoins on an ongoing basis and will continue to explore this avenue for funding future endeavours with other service providers. To explore this model of payment more fully with its other service providers, Alix has also entered into an agreement with a private software vendor to license a Bitcoin exchange to be administered by Alix.”

http://finance.yahoo.com/news/alix-announces-initial-bitcoin-mining-130000977.html

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Kris Henriksen, Founder & CEO – BIPS

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“With the price of Bitcoin on the rise, and its popularity sky rocketing recently, quite a bit of merchants are looking into accepting the crypto-currency. With the rising popularity, the need for third party solutions to help in processing these transactions for merchants who are interested in supporting Bitcoin is also on the rise.  Following the interview of Paige Freeman, VP Sales at Bitpay, we interviewed European Bitcoin Processor BIPS’ CEO and Founder, Kris Henriksen to discuss Bitcoin processing, adding Bitcoin to your supported currencies, and what makes BIPS stand out in the Bitcoin landscape.”

http://paymentmagnates.com/interviews/id/34/Kris+Henriksen

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The Winklevosses: Bitcoin worth 100 times more

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“The Winklevoss twins are screaming bulls on bitcoin.  Cameron and Tyler Winklevoss said Tuesday that bitcoin should be worth 100 times more than it’s valued today.  The twins, who famously battled Mark Zuckerberg over the origins of Facebook, brought $11 million worth of bitcoin in April. Bitcoin has surged into record territory again, hitting $385 in early Tuesday trading on Mt. Gox—one of the many exchanges for the digital currency. Cameron Winklevoss said he views their investment in bitcoin as a gold 2.0-play but also a bet on the technology: ‘The idea that payments are increasingly going to use a network like the bitcoin network to move money around the world.'”

http://www.cnbc.com/id/101190181

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Stephen Pair: BitCoin Economy

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“Stephen Pair, Cofounder and CTO, BitPay on doing business in the BitCoin economy.”

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