Expert: With Bitcoin, Hayek’s Dream of Complete Private Money Comes Ever Closer
Bitcoin is providing the world with the opportunity to use private money that is capable of competing with government-backed fiat. The point was taken forward by Prof. Ferdinando Ametrano, who currently teaches Bitcoin and Blockchain technology at the Politecnico di Milano. Speaking to ether.camp at the Blockchain: Money conference in London, Ametrano likened the impact that Bitcoin may have on the future of civilization with that of gold. That’s why he called the cryptocurrency “digital gold.” Distinguishing between Bitcoin and Ethereum. When asked if he distinguishes between Ethereum and....
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The California state legislature's effort to effectively legalize bitcoin - along side a host of other alternative stores of value - as forms of money cleared an important procedural stage on Wednesday as it moved closer to becoming law. On 4th June, the California Senate Banking and Financial Institutions Committee voted overwhelmingly in favor of AB-129, the bill authored by Assemblymember Roger Dickinson that would recognize digital currencies, points and coupons, among other US dollar alternatives, as lawful money. The 7-1 vote by the committee means the bill will move to the Senate....
“When one studies the history of money one cannot help wondering why people should have put up for so long with governments exercising an exclusive power over 2,000 years that was regularly used to exploit and defraud them. This can be explained only by the myth (that the government prerogative was necessary) becoming so firmly established that it did not occur even to the professional students of these matters (for a long time including the present writer!) ever to question it. But once the validity of the established doctrine is doubted its foundation is rapidly seen to be fragile.” –....
Dream Lover, a virtual relationship platform that allows users to send texts and receive pictures from professional models, is now supporting bitcoin as a payment option. A product of the people behind adult entertainment studio Naughty America, Dream Lover follows in the footsteps of its sister website, which began accepting bitcoin in January 2014. Launched later that year, Dream Lover allows users to spend bitcoin on account credits called Coins that can be used to purchase access to phone numbers assigned to Dream Lover models. Users pay for 30-day access to the phone number and any....