“Nobody’s using it for any transactions. It’s trading one sh*tcoin for another sh*tcoin.”… Read More Economist Nouriel Roubini Compares Crypto Coin Market to “Cocaine’s Drug Pushers”
The proposed “Libra” is not really a currency, but something occupying the interstitial space between a gift card, a share in a mutual fund, a negotiable instrument and an IOU. But its implications could be huge… Read More Facebook’s Authoritarian Money Grab
A virtual paradise for real bank heists… Read More Globalized Digital Bank Robbers Feast on Latin America
Civil libertarians and security researchers have long been concerned that otherwise inadmissible intelligence from the agency is used to build cases against Americans though a process known as “parallel construction”… Read More NSA Has Been Tracking Bitcoin Users Since 2013, New Snowden Documents Reveal
Bizarrely, many people who use Bitcoin and other cryptocurrencies labor under the delusion that those transactions aren’t subject to tax reporting and tax compliance… Read More The Trap Tightens: US Taxman Casts a Beady Eye on Bitcoin and Other Cryptos
This is not like the dotcom crash – though it’s even more brutal.… Read More Largest Cryptocurrencies Plunge 50%-80%, $372 Bn Gone in 1 Month. Will it Hit the US Economy?
The operative questions we need to keep in mind when looking at the brave new world of digital currencies are: “What problem(s) are they solving?”, and, “Are their solutions faster, better, and/or cheaper?”… Read More The True Value of Bitcoin
Libertarians flocked to it “because of the potential that Bitcoin offered, as a decentralized form of money.” That is now over.… Read More Bitcoin Proves You Cannot Have Your Digital Cake and Eat it Too