Monthly Archives: June 2011

Bitcoin: A New Commodity Created To Serve Market Demand

Posted on June 22, 2011 by Admin

by Anthony Freeman Proposition: Bitcoin is a new commodity invented to address the market demand for a better medium of exchange. First some definitions for terms that I will be using in this post: Commodity: a) an article of commerce; … Continue reading →

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Bitcoin and the “non-economists” at The Economist

Posted on June 21, 2011 by Admin

Here are some quick comments on a recent article from The Economist: In the article the unnamed author makes the following statement: “Attracting enough users to smooth such volatility seems unlikely in the foreseeable future. Established fiat currencies—ones where bills … Continue reading →

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How to deal with price volatility when pricing your goods and services in Bitcoin

Posted on June 12, 2011 by Admin

If you are like me, you are excited about the whole idea of using bitcoin as an alternative currency. You are motivated to take control of your money instead of leaving it in the hands of central bankers and politicians. … Continue reading →

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Bitcoin And The Virtue of Hoarding and Deflation

Posted on June 10, 2011 by Admin

By Anthony Freeman I wanted to take a moment and dispel some of the myths circulating about hoarding and deflation: What most people don’t understand is that “deflation” (defined in this instance as the lowering of prices compared to bitcoin’s … Continue reading →

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The Coming Attack On Bitcoin And How To Survive It

Posted on June 7, 2011 by Admin

By Anthony Freeman (This article is the third in a series on bitcoin. Read parts 1 and 2 here and here.) With bitcoin gaining mainstream attention the coming attack on its users is inevitable. In this short piece I will … Continue reading →

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Further Observations on Bitcoin, Digital Currencies, Privacy and Liberty

Posted on June 4, 2011 by Admin

By Anthony Freeman In my previous post The Real Problem of Digital Currencies and Privacy I proposed that there were two, readily observable weak links and one primary problem outside of digital currencies. Namely: Weak Link #1: The exchange services … Continue reading →

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The Real Problem With Digital Currencies and Privacy/Liberty

Posted on June 4, 2011 by Admin

The readily observable problems with digital currencies is that they have two major weak links. The first is the exchangers who convert cash to e-currency and e-currency back to cash again. “Authorities” target these exchangers and the system fails (see … Continue reading →

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