When Bill Gates introduced the Windows® operating system it changed how we use computers forever and made Gates one of the wealthiest men on the planet. But it was also Gate’s unique business model that made Microsoft the powerhouse that it is today. Instead of hiring programmers to write his code he chose mathematicians, physicists and other scientists under the theory that if they were that smart computer programming would be a piece of cake.…
The Bank of England has devoted two papers to the rise of digital currencies. It’s another demonstration of Bitcoin’s transformation from niche cyber-libertarian intrigue to a subject of mainstream interest. More significantly, the Bank suggests that the key innovation is not the digital currency itself — which is subject to wild fluctuations — but the “distributed ledger,” which tracks Bitcoin transactions. That ledger has the potential to revolutionize the financial system, the bank argues. Although…
Wagepoint makes it as easy as possible for companies to make payments in cryptocurrency. Customers don’t have to handle bitcoin at all. Instead, Wagepoint takes its fiat currency and handles the convergence for them.In Canada, it uses CA Virtex for the exchange. In the US, its deal with Buttercoin now has $1.3m in funding from people including Reddit co-founder Alexis Ohanian. Buttercoin is still in stealth mode.Perhaps predictably, tech firms are at the front of…
DigitalTangible has announced the formal launch of its crypto 2.0-powered, decentralized marketplace for gold and bitcoin traders.While existing services allow bitcoin users to buy gold with bitcoin, DigitalTangible offers a novel innovation for the market, using an underlying crypto 2.0 protocol that issues tokens representing physical gold and attaches them to bitcoin addresses, thereby allowing traders to seamlessly move between bitcoin and gold. DigitalTangible counts two of the more visible gold-buying services that cater to…
Many people who have never used bitcoin look at it with confusion. Why does this magic Internet money have any value at all? It’s just some computer thing that someone made up. Consider the criticism of goldbugs, who have, for decades, pushed the idea that sound money must be backed by something real, hard, and independently valuable. Bitcoin doesn’t qualify, right? Maybe it does. Let’s take a closer look…. But Mises added that the value…
While most governments today will scoff at the idea of considering bitcoin to be legal tender, Australia is closely monitoring developments in the growth of this digital currency. And while they share the sentiments of other world governments in that bitcoin is not legal tender, they aren’t nailing shut the door on the possibility that it could happen in the future. via If Bitcoin Continues Growing, It Could Be Considered Legal Tender in Australia, Official…