How Can We Make Bitcoin Mainstream?

Bitcoin now has PayPal integration and dedicated global banking to go along with its natty logo. Regulators are taking notice of it, and noted retailers are accepting it. If you think bitcoin is mainstream, though, think again. According to an analysis earlier this year, there were only 1.2 million bitcoin addresses holding anything other than dust as of February. Even its advocates admit that it has a long way to go. Curtis Fenimore’s attempt to…

Continue reading

Currency reform in Ancient Rome

He reduced taxes and attempted through various means to end the “singular system of annihilating capital and ruining agriculture and industry [which] was so deeply rooted in the Roman administration”.[21] At the same time, though, he subsidized literature, art and science and socialized education.When invaders from Gaul threatened the Empire, Severus Alexander attempted to buy them off rather than engage in a pitched, costly battle. This, once again, angered the legionnaires, who elevated General Maximinus…

Continue reading

If Bitcoin Continues Growing, It Could Be Considered Legal Tender in Australia, Official Says

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…

Continue reading