The Financial Dark Ages Are Ending Thanks To Bitcoin
Bitcoin represents a financial renaissance, which means society still exists in a monetary Middle Ages dominated by the alchemy of fiat currency.During the Middle Ages, a group of men tried to turn base metals into gold; they were known as alchemists and they did not succeed in their endeavors. We’re fortunate that they didn’t. Why? Consider the alternative.Had the alchemists found a way to transmute base metals such as lead into the monetary unit of the time, a race would have kicked off. A race to find as many metals as possible to turn into gold.The first users of this newly created....
Related News
If you took a time machine and went back to the Dark Ages, you would see people languishing in jail, and crowds chanting, “Burn the witches!” In those days, superstition and violence was the norm. The Roman Catholic Church orchestrated the Inquisition to persecute heretics and the forces of “evil.” Famine and disease were common. Poverty, constant....
Bitcoin has been the de facto currency of the Dark Web - the 'hidden' Internet accessible only by Tor - since the pioneering marketplace Silk Road, the 'eBay of drugs', arrived in 2011. But just how much do we know about these new underground economies? Who is buying and selling - and what? Here's what available data can tell us about bitcoin on the Dark Web. Bitcoin on the Dark Web: the Facts
Many people believe that search engines, especially Google, can index most of the pages available on the web for a given search query. Nonetheless, the truth is that there is a massive part of the internet that cannot be accessed by Google's crawling spiders. This part of the web is known as the "Dark Web" and it is a place where cryptocurrency, namely bitcoin, is the official currency. What is The Dark Web? The dark web, or deep web (false name as the deep web is a part of the dark web), represents the parts of the world wide web that are hosted on overlay networks, darknets, TOR....
May Day, May Day, it's about to get dark. Dark Wallet (Alpha), the bitcoin wallet software that uses the power of encryption and technology of CoinJoin, came out today. The legality of coin mixing services is still unclear, and the fact that some coin mixing services go by names like 'The Bitcoin Laundry' and 'BitLaundry' does not bode well in the regulatory spotlight. Although, one can argue the right to financial privacy because bitcoin is only pseudo-anonymous. I took my questions to computer security expert, Kristov Atlas, author of Anonymous Bitcoin, to see what he thought. "You've....
San Francisco-based digital currency exchange Kraken has launched a new dark pool for bitcoin trades. The dark pool, which functions as an invisible order book separate from its public offering, is intended to provide a means for traders to move more than 50 BTC (roughly $12,500 at press time) on the market in relative secret. Dark pools are used throughout the global financial system, though the practice has faced rising scrutiny from regulators, and banks have been penalized in the past for unlawful activity within the dark pools they operate. Supporters of dark pools say they help....