Tag: Bitcoin
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Bitcoin is a political project, not a technological one
Bitcoin is getting more and more interest from mainstream media but the politics seem to be ignored and it is merely considered as a technological project. But politics are what this is all about. Here are a few reasons why Bitcoin should be seen as an exercise in politics and not technology: Monetarist dogma: A…
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More evidence of Bitcoin bubble
Few things attract fraudsters more than bubbles. When the market is rising then their crimes get hidden – especially as those speculating in the market are unlikely to want to have its legitimacy called into question. So too with Bitcoin – the BBC reports that the ever inflating bubble in Bitcoin has attracted the criminals…
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When will the Bitcoin burst happen?
This chart is interesting: Over the last five days we can see that the Bitcoin price has risen by 25% but that volumes have remain low except when prices fell. Having very recently read Galbraith’s The Great Crash 1929 – an essential classic – my gut feeling is that indicates the crash is pretty close.…
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Tinfoil and Bitcoin
The article I wrote on Saturday on the Bitcoin bubble has seen increasing traffic every day this week and now is the most read page on the site. The interesting thing is that the way in which people get to the page is effectively hidden – no real referral tracks are visible. Though there has…
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Waiting for the Bitcoin bubble to burst
The Guardian follows up the Economist’s piece earlier in the week examining Bitcoin and its role in greasing the wheels of Silk Road, the marketplace for drugs hidden behind Tor. The most striking thing is a graph (the Economist produced a similar one) of Bitcoin’s price – here’s a more sophisticated version from Bitcoin Charts: It’s the…
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