Tag Archives: beginner

Gigaom’s David Meyer – Yes, You Should Care About Bitcoin

Gigaom's David Meyer - Yes, You Should Care About Bitcoin:

David Meyer (@superglaze)’s post on Gigaom offers a current introduction to Bitcoin for any of its readers who haven’t yet brought themselves up to speed.  Excerpts:

“No one’s really sure where [Bitcoin] will end up, because no one has really done this distributed, borderless digital currency thing for real before – yes, there are Facebook Credits and Linden dollars, but these are still centralized and controlled as such.”
-
“There have also been multiple previous attempts at creating non-digital alternative currencies, such as the Liberty Dollar, which earned its creator Bernard von NotHaus a counterfeiting conviction. Bitcoin may share the anti-statist motivation behind that wannabe currency, but it’s hard to see how it could constitute counterfeiting.”
-
“If you lose your Bitcoin wallet, the money is lost forever, to everyone. If you lose your bankcard, it doesn’t wipe out the money in your account, and your bank will issue you a new one. There is no such mechanism in place here; losing Bitcoins is effectively like burning banknotes.”
-
“From where I’m sitting, Bitcoin is already proving its worth as a disruptor and as a test-case for how technology could divorce currency from certain external factors.”

[Note, the same article was syndicated on CNN Money]

 - http://bit.ly/XfAVAz
 - http://bitcointalk.org/index.php?topic=167472.0 (Further discussion of the article)

All News - Daily E-mail Subscription - Twitter: @BitcoinNews

New Yorker’s Maria Bustillos – The Bitcoin Boom

New Yorker's Maria Bustillos - The Bitcoin Boom:

In one of her first contributions to NewYorker.com, Maria Bustillos (@MariaBustillos) excels with her introduction of Bitcoin for that site’s audience.  Excerpts:

“[The fearmongering typical for most media coverage of Bitcoin] is a red herring, and has so far prevented the rational evaluation of the potential benefits and shortcomings of crypto-currency.”
-
“Cash is also anonymous; it is also used in money laundering and illegal transactions. Like bitcoins, stolen cash is difficult to recover, and a cash transaction can’t readily be traced back to the source. Nor is there immediate recourse for the reversal of transactions, as with credit-card chargebacks or bank refunds when one’s identity has been stolen. However, I find it difficult to believe that anyone who has written critically of the dangers of bitcoin would prefer an economy where private cash transactions are illegal.”
-
“‘I think if the U.S. government decided that Bitcoin was a bad thing and told me [to stop development of Bitcoin] I’d stop doing what I’m doing, quite frankly. But that wouldn’t be very effective […].’ [said Gavin Andresen] .”
-
“In response to a question about his politics, Casascius’ Mike Caldwell had this to say:I am not an anarchist; I believe in the rule of law and a civilized society. But I also believe that unchecked power is a threat to the common good, and that anything that the public can do to challenge that power is a benefit to society. As an individual, if you accept bitcoin in exchange for your goods or your work, that is a vote for economic fairness’.”

 - http://nyr.kr/14C8LEo
 - http://bitcointalk.org/index.php?topic=164977.0 (Futher discussion of the article)

All News - Daily E-mail Subscription - Twitter: @BitcoinNews

Audio – Erik Voorhees on the Peter Schiff Show

Audio - Erik Voorhees on the Peter Schiff Show:

BitInstant’s Erik Voorhees (@ErikVoorhees) was a guest on the Peter Schiff show, hosted by Thomas E. Woods (@ThomasEWoods).

The interview gives a general overview of Bitcoin, from a libertarian perspective, and concludes with Q&A from listener callers.

Runtime: 31 minutes.

 - https://dl.dropbox.com/u/696520/schiff-woods-voorhees.mp3 (MP3)
 - https://dl.dropbox.com/u/696520/schiff-woods-voorhees.ogg (OGG)
 - http://www.schiffradio.com/programhighlights?date=20130308

All News - Daily E-mail Subscription - @BitcoinNews