Tag Archives: Bitcoin

A tragedy… get the hankies out! ? [PT] The Instability Problem Bitcoin is often promoted as the antidote to the madness of fiat irredeemable currencies. It is also promoted as their replacement. Bitcoin is promoted not only as money, but the future money, and our monetary future. In fact, it is not. Why not? To answer, let us start with a look at the incentives offered by bitcoin. We saw a comment this week, which is...

While the broader market for Swiss stocks has risen modestly this year, one ‘entity’ has outperformed its peers by such a staggering margin, it has left bamboozled market experts struggling for an explanation. And that company is…the Swiss National Bank. The price of a share in Swiss National Bank in August rose above 3,000 francs ($3,143) for the first time, more than double the level of a year ago, and up 50% since...

While the broader market for Swiss stocks has risen modestly this year, one 'entity' has outperformed its peers by such a staggering margin, it has left bamboozled market experts struggling for an explanation. And that company is…the Swiss National Bank. The price of a share in Swiss National Bank in August rose above 3,000 francs ($3,143) for the first time, more than double the level of a year ago, and up 50% since mid-July, as the Financial Times noted in a story about its...

Der Wirtschaftsnobelpreisträger Friedrich August von Hayek hatte 1976 in seinem Buch „Die Entnationalisierung des Geldes“ vorgeschlagen, Geld wie jedes andere Gut zu behandeln und dem privaten Wettbewerb auszusetzen. Das erfordert, dass der Staat andere Währungen nicht diskriminiert, indem er sein eigenes Geld nicht mehr als gesetzliches Zahlungsmittel definiert und mit einem Annahmezwang verbindet. Wäre dies der Fall, dann würde das...

The point is institutional ownership of bitcoin is in the very early stages. If I had a bitcoin for every time some pundit declared bitcoin is a bubble, I’d be a billionaire. There are three problems with opining that bitcoin and cryptocurrencies are bubblicious: 1. Everything is in a bubble now: stocks, bonds, housing, heck, even bat guano is bubblicious. Exactly what insight is being added by yet another guru...

– Bitcoin falls 20% as Mobius and Chinese regulators warn – “Cryptocurrencies are beginning to get out of control” – warns respected investor Mark Mobius – Mobius believes governments will begin to clamp down on cryptocurrencies sparking rush to gold– Yesterday China’s PBOC ruled Initial Coin Offerings (ICOs) are illegal and all related activity to halt– China is home to majority of bitcoin miners– Paris Hilton latest...

Don’t let “traditional biases” stop you from diversifying into gold – Dalio on Linkedin “Risks are now rising and do not appear appropriately priced in” warns founder of world’s largest hedge fund Geo-political risk from North Korea & “risk of hellacious war” Risk that U.S. debt ceiling not raised; technical US default Safe haven gold likely to benefit by more than dollar, treasuries Investors should allocate at...

Bitcoin Fork, Hyped ICOs – Immutable Gold and Silver Latest developments show risks in crypto currencies Confusion as bitcoin may split tomorrow SEC stepped into express concern over ICOs ICOs have so far raised $1.2 billion in 2017 ICOs preying on lack of understanding from investors Physical gold not vulnerable to technological risk Beauty and safety in simplicity of gold and silver Forks and ICOs solves bitcoin v...

Submitted by Sovereign Man This Week's Intelligence American Citizen Held by Immigration Enforcement for Over 3 Years Without Lawyer “I am an American citizen,” Davino Watson pleaded with ICE (Immigration and Customs Enforcement) agents, judges, and jailers. But to no avail; he was held in detention for over 3 years as a deportable illegal immigrant. What did his court appointed lawyer have to say ? Nothing, because he was never assigned one. After all, illegal immigrants are...

The real demand for bitcoin will not be known until a global financial crisis guts confidence in central banks and politicized capital controls. I’ve been writing about cryptocurrencies and bitcoin for many years. For example: Could Bitcoin Become a Global Reserve Currency? (November 7, 2013) I am an interested observer, not an expert. As an observer, it seems to me that the mainstream–media, financial punditry,...