Pourquoi les banques entrent en guerre contre le Bitcoin. Bitcoin : les autorités tentent de calmer la fièvre. Bitcoin and the fallacy of a non-political currency. 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.
An important and crucial argument by Yanis Varoufakis: * On “The fantasy of ‘de-politicised’, ‘honest’ money. Bitcoin: l'arnaque géante sur internet. Canada to tax Bitcoin transactions - TV — RT Business. 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. Bitcoin and the dangerous fantasy of ‘apolitical’ money. 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. Winklevoss Twins Go Into The Bitcoin Business. 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. Senators seek crackdown on Bitcoin currency. Inside the Mega-Hack of Bitcoin: the Full Story. The largest Bitcoin exchange, Mt.
Gox suffered an emergency closure today after a massive hack led to a plunge in value. (Source: LeanBack.eu) Another view shows the same tremendous dropoff as the malicious parties sold off Bitcoins for pennies on the dollar. (Source: Tycale Charts) Volatility and security concerns have cast a dark shadow of the peer-to-peer cryptocurrency in recent weeks. Bitcoin : la monnaie virtuelle flambe, le monde réel s’inquiète. Rick Rule: Discusses Bitcoin as an Alternative Currency – Gold Silver Bitcoin.
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. Virtual currency: Bits and bob. Un bitcoin dans la tête. Digital Black Friday: First Bitcoin "Depression" Hits. 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) Some say Bitcoins could make buying illegal drugs easier. However, in reality Bitcoins are far from "untraceable". (Source: YouTube/Beardo/Dirt Nasty) Mt. Bitcoin is not decentralized : Inside 1712B. Bitcoin was designed by Satoshi Nakamoto, and the primary client is developed by a bunch of folks at bitcoin.org.
Do you care who these people are? In theory, you shouldn’t: all they do is develop an open source client for an open source protocol. Anyone else can develop their own client (and some people have) and no one, save the agreement of everyone in the Bitcoin network, can change the protocol. Virtual money, from real central bank mistrust. George Clooney roils the Bitcoin market.
Bitcoin: de la révolution monétaire au Ponzi 2.0. Bitcoin’s Collusion Problem. Yesterday I questioned whether we should expect demand for Bitcoins to be stable over the long run.
Today I want to look at the supply side. A constrained supply of money is important to a currency’s stability. One of Bitcoin’s key selling points is that the number of Bitcoins issued will never exceed 21 million. But this promise isn’t credible. Close to US$500k stolen in first major Bitcoin theft - Industry. 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. Once you’re in, stealing Bitcoins is easier than taking a wallet in the real world, and there’s no recourse for getting them back.
That said, it is possible to verify the movement of funds to ensure complainants are telling the truth due to Bitcoin’s public nature — services such as BlockExplorer allow users to see every transaction that has ever occurred through the network. The receiving account in this case, for instance, can be seen here. As a decentralized network with no authority and no identities attached to the addresses used to send and receive Bitcoins, once Bitcoins are stolen they’re as good as gone. Deux sénateurs américains veulent interdire la monnaie virtuelle Bitcoin. Tav's Blog » Why Bitcoin Will Fail As A Currency. 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. For those of you not familiar with Bitcoin, it is often described as a “peer-to-peer currency”.
This geeky video is sorta informative: There are a lot of good reasons to be excited about the design behind Bitcoin — it enables secure transactions in a transparent manner and doesn't require centralised authorities. It really is genius and I look forward to seeing it used in other domains. The Bitcoin Bubble. Currency is a way for people to exchange value. By itself, the currency does not have a real value. It only carries the symbolic value that people want to put in it. Thoughts on Bitcoin Laundering. By Jon Matonis Recently, Alaric Snell-Pym published a thought-provoking piece on bitcoin and whether or not law enforcement would be embracing it or not.
In his article, "Bitcoin Security", he concludes that the authorities will most likely revel in its transactional tracing potential thereby providing an electronic trail that regular paper cash simply cannot beat. Just take a look at the Bitcoin Block Explorer. Predicting a laundering technology arms race, Alaric writes: "Indeed, I could make my bitcoin client sit there creating new addresses and transferring random chunks of my wealth to random new addresses 24x7, to effectively launder all my money through a few thousand identities.
“Il n’y a pas besoin d’être un banquier pour créer de l’argent”