Bitcoin up 8,723% in 2013 -MtGox High $1242 / Current Average: $590Submitted by MMJ Ministry on Mon, 10/21/2013 - 17:23
Well, here's a fact: The collapse of the Silk Road — the online drug-buying bazaar whose alleged founder was arrested earlier this month — has not destroyed Bitcoin, the digital currency that was used on the site.
In fact, the death of Bitcoin has been declared many times, and yet it continues to show impressive strength....
Read more: http://www.businessinsider.com/bitcoin-has-gone-on-an-insane...
Bitcoin in the News - A Video Compilation
Bitcoin 101 Blackboard - Why Bitcoin's Growth is Normal & The S-Curves You Could Never See
Bitcoin 101 - What Is The Bitcoin Revolution Part 1 - Transparency On Steroids
Anonymity is great. And Bitcoin provides anonymous payments better than anything we've seen online. But what few realize is that Bitcoin also does transparency, and it does transparency better than anything we've ever seen in human history. This transparency is the focus of this first video looking at bitcoin as a revolution. Because bitcoin is the first ever tool (in human history) that can provide provable transparency, we could finally see transparency explode via the free market (competitive edges given to those who disclose). This one simple change seems innocuous but it could have major repercussions.
When people talk about bitcoin, they talk about a revolution. The trouble is, many people can't even figure out what the revolution is. Is it really a revolution to have lower fees on credit cards and remittances? While these are big changes, they are hardly revolutionary. This series begins to look at the bigger picture, the jaw dropping changes that bitcoin could provide. And no future may be stranger or more earth shattering than the inherent capabilities of bitcoin to provide a free market for transparency. And this isn't transparency like we are used to, this is the possibility of absolute financial transparency. Not only would it eliminate the need for the IRS, but it stands to erase corruption and improve government. Amazing stuff. Hope you enjoy.
There's Nothing that Can Stop Bitcoin
Trace Mayer: $2.8 Million per BTC
SecondMarket CEO: Wall Street Will Put 'Hundreds of Millions' Into Bitcoin
Wed, Dec 11, 2013
Wall Street is getting ready to dive into Bitcoin, pouring vast amounts of institutional and investor money into the digital currency that has been labeled a "bubble" by former Federal Reserve chairman Alan Greenspan and which not long ago was seen as the sole preserve of crypto-geeks, monetary-theory wonks and anti-government types.
Silbert says he meets frequently with hedge fund workers, traders at large financial institutions and others who want to gain a better understanding of digital currencies and figure out how to capitalize on them. He reckons that Wall Street will enter the Bitcoin market in roughly three waves. The first is already beginning, and it's taking the form of IRA money. Customers with self-directed IRAs at Fidelity, Pensco Trust Company, The Entrust Group and Millenium Trust Company are now able to invest some of their money in Bitcoin via the BIT. Silbert expects most other IRAs to approve the BIT as an investment vehicle before the second quarter of next year, in response to growing interest from their customers.
Also in this first wave will be clients of the wealth-management arms of Wall Street banks. Silbert says the BIT is in conversations with "several major banks" and he expects the trust to be an approved product on their wealth-management platforms within the first half of 2014.
The second wave will be hedge funds and other institutional investors.
Official Daily Paul BTC address: 16oZXSGAcDrSbZeBnSu84w5UWwbLtZsBms