• 02 Sep 2014 at 3:30 PM

Bitcoin Ethusiasts Of The World, Unite!

Your comrade in metaphorical arms (as opposed to the real ones he’s accused of helping sell) needs your help. Rather than go out in a blaze of courtroom glory, Bitinstant founder and former Bitcoin Foundation vice chairman Charles Shrem has decided that discretion is the better part of valor or that he’d rather live to fight another day and to see bitcoin rule the world or whatever rationalization works for you, and gone and cut a deal with the Man. Now, to ensure that whatever time he does have to spend behind bars for that charge of aiding and abetting an unlicensed money transmission, he wants everyone who cares about, well, if not truth, justice and the American way, at least sticking it to the squares or whatever to flood the mailroom of the Daniel Patrick Moynihan federal courthouse with pleas for leniency. Read more »

  • 28 Aug 2014 at 3:56 PM

Poor People Like Bitcoins More Than Less Poor People

Maybe it’s because the dollar economy has been so good to the 1%-ers. Maybe it’s because they’re spending too much time on waterskies in St. Barths to worry about such things as the gold standard, the world government under Denver International Airport or cryptocurrencies. Whatever it is, not too many people pulling in $100,000-plus are getting into the bitcoin game. Read more »

Gold bugs and bitcoin enthusiasts tend to be a lot alike, what with their affinity for conspiracy theories and wariness of governments and their fiat currencies that would totally collapse if people just really thought about it. So I guess it should be no surprise that the first company anywhere to say “thanks but no thanks” to dollars would be a precious metals dealer. You see, CEO Stephen Macaskill is a self-professed “big advocate of sound money” who has still not gotten over that time the U.S. dropped the gold standard several decades before he was born. And what’s sounder than a highly-volatile imaginary “currency” susceptible to near-collapse when role-playing enthusiasts lose a bunch of them? Plus, you know, the U.S. is looking a lot like Zimbabwe to Steve, so he’s just going to turn away greenbacks as of Jan. 1, 2017, to avoid the embarrassment of having any on hand when they become just worthless paper and those benighted souls without an e-wallet are massed in breadlines and selling their bodies to the biterati for a Snickers bar. Read more »

  • 12 Aug 2014 at 2:22 PM

The Bitcoin Bugle: Still Relevant!

Months after everyone else got into a lather about it, word of this strange “cryptocurrency” called “bitcoin” has reached the desks of the folks over at the Consumer Financial Protection Bureau. And now that no one cares about them anymore, the regulator is leaping onto the case. Read more »

  • 08 Aug 2014 at 11:15 AM

The Bitcoin Bugle: Everyone’s A Bitcoin Dealer!

Since bitcoin ATMs don’t actually do what ATMs are there to do—you know, give you money—and in fact exist to do the opposite—take your money and turn it into some 0s and 1s that some people call a currency—why should you have to wait in line for it at the coffee shop? Why shouldn’t you just put it the same place you spend the rest of your money: on your iPhone? Read more »

  • 11 Jul 2014 at 12:54 PM

Bitcoin, Now Jersey-Approved

Those institutional investors wanting to play their hand in the fake currency markets without getting a fake wallet now have a genuine, certified, regulated way to do so. Read more »

Will models be accepting Bitcoin? Yes, if the Winklevoss twins have anything to do with it. Tyler and Cameron were among the guests at Ben Watts’ “Shark Attack” party at Gurney’s Inn in Montauk. Cameron was heard talking to One Model Management’s Scott Lipps about setting up Bitcoins for models through a San Francisco-based exchange. [NYP]