Author Archive | admin

8 Vendors You Didn’t Know Accepted Bitcoins – Mashable

8 Vendors You Didn’t Know Accepted BitcoinsMashableTo place an order for Domino’s Pizza with Bitcoins, first you need enter your name and an address on PizzaforCoins.com. The site will redirect you to an online order menu. Once you make a selection, Pizza for Coins verifies the payment and an order is …The Digital Currency of […]

Bitcoin Is Now a Billion Dollar Industry – The Atlantic Wire

The Atlantic WireBitcoin Is Now a Billion Dollar IndustryThe Atlantic WireA tremendous thing happened in the weird world of bitcoin on Thursday. For the first time in the currency’s history, the total value of all bitcoins in circulation topped $1 billion. That’s right: A billion bucks, right out of thin air. That’s …Bitcoin: How An […]

Experts pour cold water on claim that Cyprus crisis caused Bitcoin boom – Ars Technica

Ars TechnicaExperts pour cold water on claim that Cyprus crisis caused Bitcoin boomArs TechnicaBitcoin’s surge didn’t just arrive out of nowhere: it’s come a long way in recent months. If you’ve been reading Ars lately, you already know that Bitcoin gambling is thriving. More recently, Bitcoin reached its previous all-time high, was hit by a […]

Businessweek – Bitcoin as Global Economy’s Last Safe Haven?

Businessweek – Bitcoin as Global Economy’s Last Safe Haven?: Paul Ford (@ftrain) describes what he sees as the reasons Bitcoin keeps on gaining.  Excerpts: “When you compound utopian wishfulness with the anxiety of being left behind, you’ll have a bubble. Then again, we may be at the forefront of the coming Bitcoin revolution. There’s no […]

Bitcoin, up 152% this month, tops $1 billion in total value – Quartz

Bitcoin, up 152% this month, tops $1 billion in total valueQuartzDigital currency bitcoin continues its remarkable and somewhat inexplicable run. It’s up 152% this month, and today the total value of all outstanding bitcoins—its market capitalization, if you will—topped $1 billion for the first time before …

Bitcoin miners face cyber attack increase – MINING.com

MINING.comBitcoin miners face cyber attack increaseMINING.com”Miners” of the virtual currency bitcoin have come under increasing attack from hackers as the value of each coin has tripled in one month to roughly $90. The BBC reported yesterday that “thieves using a network of hijacked PCs” must solve challenging …The Delicate War Between Bitcoin Miners And Botnet […]

Bitcoin: Cyprus Sparks Scramble for Digital Dollars – Yahoo! News (blog)

Yahoo! News (blog)Bitcoin: Cyprus Sparks Scramble for Digital DollarsYahoo! News (blog)”Incremental demand for bitcoin is coming from the geographic areas most affected by the Cypriot financial crisis-individuals in countries like Greece or Spain, worried that they will be next to feel the threat of deposit taxes,” Nicholas Colas, chief …

… but you can use fiat to pay taxes!

One of the critiques I’ve heard regarding Bitcoin, in particular from fans of the Austrian school, is that you can use fiat money to pay taxes, and that gives it value. I remember Niels van der Linden making the argument.Well, it looks like whatever re…