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Published time: April 27, 2013 10:39 AFP Photo / George Frey Canadians using bitcoins, the decentralized crypto-currency that recently went mainstream, must report their incomes and pay taxes as with other earnings, Canada's Revenue Agency (CRA) confirmed following a media request. The issue was clarified in response to a letter by the Canadian Broadcasting Corporation (CBC) ahead of the country's tax season. Two separate tax rules are applicable to the electronic currency, CRA spokesperson Philippe Brideau told CBC in an email.
The Crash of 2008 has infused our societies with enormous scepticism on the role of the authorities, both government and Central Banks. It is quite natural that many dream of a currency that politicians, bankers and central bankers cannot manipulate; a currency of the people by the people for the people. Bitcoin has emerged as the great white hope of something of the sort. Alas, the hope it brings to many people’s hearts and minds is false. And the reason is simple: While it is true that local communities have, in the past, generated successful communitarian currencies (that enabled them to improve welfare in their midst, especially at a time of acute economic crises), there can be no de-politicised currency capable of ‘powering’ an advanced, industrial society .
Bad news for all the hackers and libertarians out there supporting the bitcoin movement: Your favorite currency seems to have fallen into the wrong hands. Venture capitalists Tyler and Cameron Winklevoss claim to own about 1 percent of all bitcoins in existence, about $11 million worth. It's utterly unsurprising that the Winklevoss twins , who are famous for suing Mark Zuckerberg over the idea for Facebook , have decided to announce their investment in bitcoins at the height of public mania over the digital currency. The Winklevii told The New York Times that they're excited to get involved with bitcoins on the ground floor.
The largest Bitcoin exchange, Mt. Gox suffered an emergency closure today after a massive hack led to a plunge in value.
Dans Second Life, on pouvait faire construire sa maison avec des Linden dollars. Mais la monnaie virtuelle tendance aujourd’hui est le bitcoin . Celle-ci intéressait peu les banquiers réels... jusqu’à ce qu’elle flambe, de 4,15 euros en février 2011 à 109,91 euros le 3 avril 2013. Le bitcoin est accusé désormais d’entretenir une bulle spéculative.
Interview Excerpt: “Philosophically, I like the idea of competing currencies. I personally don’t like mediums of exchange that aren’t simultaneously stores of value.
MILTON FRIEDMAN famously called for the abolition of the Federal Reserve, which he thought ought to be replaced by an automated system which would increase the money supply at a steady, predetermined rate.
Le bitcoin fait pour le moment beaucoup de bruit. Certains y voient une révolution planétaire, d’autres une arnaque comme une autre.
Much like the New York Stock Exchange, Bitcoin exchanges have suffered from their first massive loss -- a virtual "Black Friday", so to speak. (Source: Google Images)
Bitcoin was designed by Satoshi Nakamoto, and the primary client is developed by a bunch of folks at bitcoin.org .
Derrière l'idée révolutionnaire, libertarienne et anti-banques Bitcoin ne fait que reproduire un système injuste. Toucher aux règles monétaires n’a rien d’anecdotique.
Yesterday I questioned whether we should expect demand for Bitcoins to be stable over the long run.
In the first Bitcoin theft of its size, a user has lost 25,000 BTC — or nearly $487,749 at today’s market rates — to an unknown thief. While the Bitcoin community has always been quick to point out that it’s harder to forge a Bitcoin than to forge a dollar, it’s quite easy to take someone else’s Bitcoins: all you have to do is gain access to their computer’s hard drive.
Les monnaies virtuelles sont souvent l'outil d'enjeux plus grands. C'est ce que viennent nous rappeler deux sénateurs américains, qui veulent faire interdire par les autorités des Etats-Unis la monnaie virtuelle Bitcoin.
Bitcoin mania has now reached such worrying heights that some people are even putting all of their savings into it . Unfortunately, Bitcoin is fundamentally flawed and by the time you finish reading this article, I hope you will agree with me.