19
Jun
2016

DAO ether trading platform DOA after cyber-heist

This one is a heartbreaker, nobody likes to see malevolent actors succeeding in killing an entire company but that’s what’s happened with the ether crypto-currency trading platform DOA. Thieves have reportedly stolen $50 million in an “ongoing cyber-heist” from the platform, forcing it to shut down.

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25
Feb
2014

The Mt. Gox Implosion Could Be the Ultimate Triumph of Unregulated, Free Markets

ImplosionYes, you read that correctly.

How could the destruction of the single, largest chunk of the bitcoin economy be good for bitcoin, and good for free markets?

How can a market value of anywhere between 20% and 30% of the dollar value of entire bitcoin economy going up in smoke  prove, finally, beyond a shadow of a doubt that purely free markets, unregulated from government intervention are superior in all ways to  government regulated, centrally planned economies?…

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28
Jan
2014

Bitcoin witch hunts vs Bankster adoration

btc_burned_at_the_stakeIt sends a chill down your spine when you hear the news that somebody you had just met at a conference a few months ago, a like minded individual representing a global movement you are  in complete alignment with, was just arrested on federal money laundering charges,

The crime? Charlie Shrem, CEO of Bitinstant and Vice Chairman of the Bitcoin Foundation allegedly sold bitcoins to Silk Road users and then they used them to buy illicit drugs.…

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29
Nov
2013

Is Bitcoin a safe store of value?

robert-hunt-1923-german-hyperinflationI just posted this in the thread Do you think Bitcoin is a safe store of value? on the Corner of Berkshire and Fairfax  (some of the smartest value investors you’ve never heard of frequent that board, it’s one of my favorite investing boards on the internet) and it occurred to me that it may have come across somewhat vitriolic and rant-ish for such a serious forum and it probably was more suited to a stand-alone post here:…

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15
Nov
2013

Imminent Death of Bitcoin Predicted

100-hundred-bitcoin-will-buy-this-carI have noticed Business Insider’s Henry Blodget’s typically frantic sensationalism which trumpets “news” such as his “Bitcoin could go to $1 million”, where he goes on to attempt to take down the currency as something that is in a bubble and will eventually become worthless:

“But I was getting at a more profound point.

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