Monthly Archives: July 2014

Monday 28th July

BITCOIN Central Planning Central banking is nothing but Soviet-central planning applied to money. #bitcoin – Erik Voorhees   Network Difficulty Bitcoin Network Difficulty Growth Slows Significantly: from +40%/month in January to less than +15%/month – Tuur Demeester   Bitlicense Thank you brucefenton for having the courage to call BenLawsky the corrupt, violent liar that he is: http://www.reddit.com/r/Bitcoin/comments/2bqa4o/friends_its_time_to_face_the_realities_of_the/ […]

Tuesday 22nd July

BITCOIN Dell Largest Company to Date to Accept Bitcoin If you’re a retailer, there’s really no reason not to accept Bitcoin at this point – Dell   Largest Bitcoin Accepting Companies (Annual Revenue) 1 – Dell (HQ = Texas) $57 billion 2 – Dish (HQ = Colorado)  $13.9 billion 3 – Expedia (HQ = Seattle) […]

Monday 14th July

BITCOIN 3 Billion New People to Use Bitcoin In success, it will become the predominant means of financial transaction for not only the developed world but the developing world, the group I call the rising billion. Remember that 3 billion new people are coming online this next decade who do not have access to credit […]

Introduction to Business Opportunities in Bitcoin

What is Bitcoin and how does it Work? https://www.youtube.com/watch?v=LP4GSvQUtBw   Bitcoin is 2 things, a currency and a payment network.   1)      Bitcoin the currency Only 21 million bitcoins will ever exist. New bitcoins cannot be created after the 21 million limit is reached. Can spend instantly at over 100,000 places online and at thousands […]

Tuesday 8th July

BITCOIN 2013: 1 BTC = $83, Market Cap = $941m, Blockchain wallets = 330k Today: 1 BTC = $650, Market Cap = $8bn, Blockchain wallets = 2m – Coindesk   Crypto vs. Fiat Bitcoin isnt a payment system sitting on top of and interfacing with banks and fiat money. Every BTC user is now “the […]

Half-Year Report (January-June 2014)

BITCOIN Bigger Than the Internet Whenever I use Bitcoin, the reality strikes me. There is no way that national monies can survive the competition. The future is so clear. Pulling money away from the State, or at least diminishing the monopoly that governments around the world have on money is going to unleash productivity and […]

QUARTERLY ROUNDUP – Q2 2014

BITCOIN The Bitcoin Network Ahead of yet another 12-14% difficulty increase coming in the next 15 hours, the Bitcoin network has reached nearly 100 petahashes of processing power, less than 8 piddling months after hitting 1 petahash. Let that sink in. It’s insane. It’s beautiful. It’s utterly mesmerizing. – Peter Dushenski   Volatility There was no bitcoin 5 years ago and now you […]

June 2014

MONTHLY REPORT – JUNE 2014 BITCOIN The Bitcoin Network Ahead of yet another 12-14% difficulty increase coming in the next 15 hours, the Bitcoin network has reached nearly 100 petahashes of processing power, less than 8 piddling months after hitting 1 petahash. Let that sink in. It’s insane. It’s beautiful. It’s utterly mesmerizing. – Peter Dushenski   Catalysts Coming 210 days since last […]

Tuesday 1st July

BITCOIN Catalysts Coming 210 days since last #bitcoin peak…about same amount of time it took to reclaim $266 peak in 2013. Catalysts coming… – TwoBitIdiot   Real Institutional Investment Coming Bitcoin cover story in latest issue of Banking New York magazine (distributed to 7,500 banking execs): http://issuu.com/thewarrengroup/docs/bankingny2q2014  – Barry Silbert, Chairman of Second Market & CEO […]