There are now close to 5 million bitcoins, and at the current exchange rate of ~$0.22 USD/bitcoin, that means approx $1,100,000 USD worth of bitcoins exist in the bitcoin economy. This is significant. --Em3rgent0rdrI understand Polargeo's point, but I've always taken a guilty satisfaction in knowing that Bitcoin's market cap has eclipsed the value of his uncle's house.
My uncle has a house worth more than that. Do you think his house should have a page on wikipedia? Polargeo
David Kramer is one of them and has made an interesting post over at Lew Rockwell, about Bitcoin. Lets take a look. I’m sure by now many of you have heard about Bitcoin. The fact that it’s called “virtual currency” gives you an idea about its actual value as a real medium of exchange. This isn’t true; the only thing that gives you an idea about its value as a medium of exchange is ... Also, bitcoin forums frequently mention that miners could decide to increase the number of digits to 16 to the right of the decimal or to any other amount “if the need arises.” But, they also say that this wouldn’t affect the fundamental value of each bitcoin since the amount to the left of the decimal would still be limited to 21 million ... See the Bitcoin exchange rate i.e. the current value of one bitcoin. Convert any amount to or from your preferred currency. Bitcoin is a digital currency. You can use Bitcoin to send money to anyone via the Internet with no middleman. Learn more here. Usage. Keep an eye on the Bitcoin price, even while browsing in other tabs. Simply keep this site open and see the live Bitcoin price in the ... Many economists and financial commentators believe that in the unregulated market of the internet economy, new forms of money can be created that bypass central-bank and government supervision. The latest development is the emergence of a new electronic means of exchange, Bitcoin (BTC). Bitcoin was launched on January 3, 2009 by its inventor, a programmer called Satoshi Nakamote. But as Lew Rockwell taught me while working with me on the above article about Bitcoin (he made me rewrite the ending before publishing it), there is no one solution to any societal problem. The phrase he uses is “Let a thousand flowers bloom.” In other words, because you see a solution doesn’t mean it has to be the solution.
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In his recent appearance on RT, Lew Rockwell discusses the upside of government default. Rockwell is founder and CEO of the Mises Institute. For more information, visit the Mises Institute online a... Bitcoin.com CEO Roger Ver joins me to discuss a wide range of topics related to the cryptocurrency Bitcoin, including its recent spike, ideological disputes within the Bitcoin world, the IRS and ... Bitcoin exchange Mt. Gox shut down Sunday. The website is blank and their Twitter account deleted all tweets. Is this a Bitcoin crisis? Subscribe for more vi... The Lew Rockwell Show #41 - Thanks for the Inflationary Depression - Duration: 13:25. ... Bitcoin Crash, Anti-Bearish Coalition, Taxes and Strategy Microsoft Global 21,003 watching. Live now ; 12 ... 👇🏻Support the channel by using my affiliate links below👇🏻 Exchanges I'm using: Coinbase FIAT https://www.coinbase.com/join/59398125002bcc03276297d6 Bin...