Post Tagged with: "Bitcoin"

The Establishment Panic at Cryptocurrency

The Establishment Panic at Cryptocurrency

When Kingsley Amis encountered the works of D. H. Lawrence, he was left unimpressed by yet another great denouncer and missionary the English send “themselves to tell them they are crass, gross, lost, dead, mad and addicted to unnatural vice.”  With little charity, Amis suggested leaving the didactic novelist on “on his pinnacle, inspiring, unapproachable and unread.” Leaving aside matters[Read More…]

by 21/11/2021 0 comments World
Bitcoin the Messiah: El Salvador Goes Crypto

Bitcoin the Messiah: El Salvador Goes Crypto

In a particular deli store in South Melbourne, a tongue-and-cheek message is attached to the cash register.  “Bitcoin accepted there,” it proclaims brightly.  Naturally, it is nothing of the sort, a teasing ruse for the punters and those casting an eye in the direction of the store.  Cold hard cash remains king, albeit one with a tarnished crown; pandemic times[Read More…]

by 14/09/2021 Comments are Disabled World
Bitcoin, Nature’s Money That Can Save Our Civilization

Bitcoin, Nature’s Money That Can Save Our Civilization

The Covid-19 pandemic that blazed across 2020 has thrown the world into disarray. Economic damage that has triggered the breakdown of the system signals a dire need for change. As the old system is getting dismantled and global leaders jump in to fix the problems, Bitcoin is now gaining traction, increasing in price and welcoming new users everyday. Bitcoin, invented[Read More…]

by 17/03/2021 1 comment World
IMF, World Bank, G20 countries to create Central Bank Digital Currency rules

IMF, World Bank, G20 countries to create Central Bank Digital Currency rules

International financial authorities and 20 of the world’s largest economies are establishing official standards for regulating and issuing sovereign digital currencies. The Group of Twenty (G20), an organization of finance ministers and central bank governors representing the European Union and 19 countries across every continent, said in a report today that it is working with the International Monetary Fund (IMF),[Read More…]

by 13/10/2020 Comments are Disabled World
Bitcoin, Innovation of Money that Can End the War on Human Nature

Bitcoin, Innovation of Money that Can End the War on Human Nature

A decade since the global financial meltdown, social and economic decay continues with regional conflicts creating tension around the world. The panic of 08 unraveled the demise of Western liberal democracy, a model of governance managed through control of the markets. The global crisis of legitimacy brought by the breakdown of the system exposed the forces that defined the contemporary[Read More…]

by 01/08/2018 2 comments World
Bitcoin, Innovation of Money And Reinventing Activism

Bitcoin, Innovation of Money And Reinventing Activism

Bitcoin’s price explosion made news headlines this last year. Topics of digital assets entered onto dinner tables and friendly chats at work places. Fever of the digital gold rush that has swept mainstream finance became contagious. Institutional funds are now entering into cryptos, seemingly hedging their bets with their “sugar high” bubble economy. Jamie Dimon, the JPMorgan CEO who previously[Read More…]

by 26/01/2018 2 comments World
Bitcoin Has An Energy Problem That Solar Power Can’t Fix

Bitcoin Has An Energy Problem That Solar Power Can’t Fix

  Bitcoin mining – the mechanism of creating Bitcoins and approving transactions on the blockchain – consumes prodigious amounts of electricity due to the use of a ‘Proof of Work’ cryptographic algorithm. While some Bitcoin is mined using clean energy (hydropower and geothermal energy, mainly) most Bitcoin is mined using coal, because coal power is both ubiquitous and cheap. Unfortunately,[Read More…]

by 17/12/2017 1 comment Counter Solutions
Bitcoin, Blockchain, And Local Currencies

Bitcoin, Blockchain, And Local Currencies

The Seven Social Sins of the World: Wealth without work Pleasure without conscience Knowledge without character Commerce without morality Science without humanity Worship without sacrifice Politics without principle — given by Mohandas Gandhi to his grandson Arun shortly before his assassination BITCOIN AND BLOCKCHAIN The world is on fire lately with the exponential growth of Bitcoin and other electronic cryptocurrencies. While[Read More…]

by 16/12/2017 1 comment Counter Solutions
Bitcoin Frenzy: The Fever Chart Of A Deepening Crisis

Bitcoin Frenzy: The Fever Chart Of A Deepening Crisis

According to the official scenario, the world economy is enjoying its best period of growth since the global financial crisis of 2008-2009, which ushered in the worst recession since the Great Depression of the 1930s. According to a report issued by the Organisation for Economic Cooperation and Development last month: “The global economy is now growing at its fastest pace[Read More…]

by 13/12/2017 Comments are Disabled World
Hopes And Nightmares Over Crypto Currencies

Hopes And Nightmares Over Crypto Currencies

The crystal ball gazers, astrologers and tea leave readers have been suffering a lingering fever of late.  Bitcoin recently romped through the $10,000 barrier, an event that sent speculators swooning and conservative voices into a gloomy mood of pessimism.  Bitt founder and director Gabriel Abed was rushing to declare the imminent funeral oration for cash, a newly founded digital frontier[Read More…]

by 05/12/2017 2 comments World