Tag Archives: Bitcoin

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,...

Fools and Rascals And it’s time, time, time And it’s time, time, time It’s time, time, time that you love And it’s time, time, time… – Tom  Waits [embedded content] Tom Waits rasps about time POITOU, FRANCE – “So how much did you make last night?” “We made about $15,000,” came the reply from our eldest son, a keen cryptocurrency investor. “Bitcoin briefly pierced the $3,500 mark – an all-time high. The market cap of...

See the introduction and the video for the terms gold basis, co-basis, backwardation and contango. A Fork in the Cryptographic Road So bitcoin forked. You did not know this. Well, if you’re saving in gold perhaps not. If you’re betting in the crypto-coin casino, you knew it, bet on it, and now we assume are happily diving into your greater quantity of dollars after the fork. You don’t have a greater quantity of...

The Economist reports about conflicting strategies among important Bitcoin players; the struggle aligns pragmatists against libertarian ideologists. It also reports about attempts by competing crypto currencies to strengthen corporate governance: Tezos, another blockchain, will … not only have regular votes on competing proposals for how to change the system, but a more scientific approach to evaluating them and a way to compensate the developers for coming up with ideas. If their...

On Bloomberg view, Matt Levine discusses the recent bitcoin fork. The handling of long and short positions on Bitfinex, a bitcoin exchange, created an arbitrage opportunity, until Bitfinex changed its mind. Bitfinex announced a policy to deal with the fork, people took advantage of the policy, and Bitfinex changed its mind after the fact. Each of its decisions was rational, and quite plausibly the fairest option available to it. None of those decisions were required by, like, the nature...

Authored by Mike Krieger via Liberty Blitzkrieg blog, You know stuff’s going down when I write two posts in a row about Bitcoin, something which almost never happens anymore. In Friday’s piece, Is the Bitcoin Civil War Over? Here’s How I’m Thinking About Bitcoin Cash, I discussed a potential strategy that “big blockers” might attempt to execute should the 2x part of Segwit2x not happen later this year. Today, I want to discuss how the entire episode...

Commercial Property Market Is Inflated and May Burst Again by David McWilliams Dublin property investors had better hope that Brexit happens soon. They should also hope that it’s not just a ‘hard’ Brexit, but a granite Brexit — a Brexit that’s as hard as possible. They should be betting on the buffoonery of Boris Johnson, down on both knees praying for a massive barney between Davis and Barnier. A granite Brexit might prompt the migration of hundreds of corporate refugees from isolated...

Gold Hedges Against Currency Devaluation and Cost Of Fuel, Food, Beer and Housing  - Gold hedge against currency devaluation - cost of fuel, food, housing- True inflation figures reflect impact on household spending- Household items climbed by average 964%- Pint of beer sees biggest increase in basket of goods - rise of 2464%- Bread rises 836%, butter by 1023% and fuel (diesel) up by 1375%- Gold rises 2672% and hold's its value over 40 years- Savings eaten away by money creation and...

– Bitcoin volatility shows not currency or safe haven but speculation – Volatility still very high in bitcoin and crypto currencies (see charts) – Bitcoin fell 25% over weekend; Recent high of $3,000 fell to below $1,900 – Bitcoin least volatile of cryptos, around 75% annualised volatility – Gold much more stable at just 10% annualised volatility – Bitcoin volatility against USD about 5-7 times vol of traditional...