legal tender | Rex Silentium

The Economist Asks: Will Bitcoin’s Blockchain Change The World?

By innovate | November 4, 2015 by innovate

Legendary news publication “The Economist” has seen fit to not only acknowledge the innovations of Blockchain’s technology but produce a feature story on it for the current October 31 weekly edition. The cover story’s title is called, “The trust machine – How the technology behind bitcoin could change the world.” Here we go over some excerpts and the basic tenor of the piece. The Economist is one of the Western world’s oldest and most trusted…

‘Bitcoin is Better than Currency’ – Bill Gates

By innovate | October 9, 2014 by innovate

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.…

DigitalTangible Launches Crypto 2.0-Powered Gold and Bitcoin Market

By innovate | September 4, 2014 by innovate

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…

Currency reform in Ancient Rome

By innovate | August 31, 2014September 1, 2014 by innovate

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…

What Gave Bitcoin Its Value?

By innovate | August 30, 2014 by innovate

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…

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

By innovate | August 29, 2014 by innovate

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…