Bitcoin's Actual Privilege Problems
ThinkProgress has published a blistering critique of bitcoin called Bitcoin: By The Privileged, For The Privileged. It's full of misunderstandings, misinformation, and, most distressingly, a few points that are actually really spot-on and important for bitcoin foes and friends to understand. The piece points out the unfortunate fact that bitcoin is now....
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*This article originally appeared at Bitcoin Not Bombs. With the media frenzy in full tilt after the closing of MtGox, there have been quite a few articles coming out declaring the death of bitcoin and an equal number reassuring us that it will be just fine. I won't link to the former ones because they're so painfully uninformed and rely on tired scare tactics. I have come across one article of a different vein, though, and it seeks to bring in thetoxic philosophy of privilege checking as a critique against the Bitcoin community. I could wax philosophic about the specific problems with the....
Gold, the US dollar and euro all printed significant price extremes during this week as investors and speculators position in anticipation of the Fed rates announcement on December 16. We take a look some of the most interesting price charts. This post is powered by the Bitcoin Trading Network xbt.social - CCN29 and get 29USD off! Economic Indicators. World Indexes and Forex Rates. Commodities. In the Calendar This Week. Monday November 30. Japan BOJ Gov Kuroda Speaks. Japan Housing Starts y/y (actual: -2.5% expected: 2.5% previous: 2.6%). Europe German Retail Sales m/m (actual: -0.4%....
We are starting to see Blockchain based disruptive technologies, solving real world problems. Bitcoins are mined. Mining is a computationally intensive process. Mining with CPU and GPU has already gotten to a point where the profitability is almost trivial. The energy consumption is higher than the output that can qualify as profitable. Some discussions on the Internet are asking the question, "Isn't Bitcoin mining with high energy inputs a cause for environmental concern?" There is another discussion starting to happen in the Bitcoin skeptics society lately, as well. A Quora Question:....
While those comfortable in the dollar bubble deride Bitcoin, the stories of three emerging market users demonstrate why it is so important.
As the USD’s reserve currency status crumbled, the U.S. will abandon globalization and adopt a bitcoin standard.