Money is an instrument that people agree to pay attention to. Whether it’s seashells in Papua New Guinea, Grecian coins made of precious metals, tobacco sticks in a prison yard or chips at a poker table, group attention flows through these instruments just as vibration runs through strings, imbuing them with the harmonic sound of “money” as an agreed upon medium of exchange.
Read MoreWith the forthcoming pending Bitcoin ETF in the United States many financial management firms are front-running this news and have already begun advertising their brands to get a piece of the multi-trillion dollar pie.
Read MoreFirst they punt the miners out of the country, now they’ve locked up all the on-ramps to buying, trading, and storing cryptocurrency.
Read MoreThis short piece was inspired by a post I read in Bitcoin Magazine, by Alexander Svetski, entitled, “Bicoiners Are The Remnant”. The post delves into an essay by Albert Jay Nock, entitled, “Isaiah’s Job”, published in 1936 in The Atlantic Monthly, the audio-inclined can download an .mp3 of it. The social-media bent can track Svetski on Twitter.
Read MoreFrom cash in a brown bag at Starbucks to Coinbase’s IPO, cryptocurrency has come a long way.
Read MoreSAN FRANCISCO. At a recent event SEC Director William Hinman discusses why he does not think Ethereum and Bitcoin are Securities. The primary reason is there is no central person responsible for either, and thus not an entity that is issuing anything. In his own words:
Read MoreAccording to China's CCID, Ethereum is the number one blockchain in the world...
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