Bitcoin The True Free Market - CoinAxis

Bitcoin The True Free Market - CoinAxis

Bitcoin, the true free market

Bitcoin was front and center at the Senate hearings this week in Washington DC.  Where several people testified about bitcoin, and the implications is has for the government, and consumers. This seemed to spark a new round of interest in bitcoin, as it promptly rose to $900.  Thus, triggering the same talk about price volatility, and the alleged bitcoin bubble.  The mysterious nature of bitcoin has placed some of the most engrained financial pundits, and economists in a quandary of sorts.  Many of them are still blithefully ignorant of what bitcoin is, and continue to remain firmly entrenched in the highly regulated & centralized financial system, they so wrongly call the "Free market".

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Why Litecoin Is Important - CoinAxis

Why Litecoin Is Important - CoinAxis

Why litecoin is important

With the recent popularity of bitcoin, and the exponential growth of hashing (mining) power on the bitcoin network, there has been little news about bitcoins closest complimentary currency, litecoin.  For those of you who don't already know, litecoin is similar to bitcoin.  It has a couple of technical differences that may or may not be highly influential in bitcoin and/or litecoin's success.  More on this later.

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Guest — litetree
There is no question that Litecoins are on the rise, at Litetree.com we have seen a huge surge in new users all looking to start t... Read More
Saturday, 02 November 2013 17:16
Michael
It's good to see more people getting into litecoin. Diversification is a great thing.
Saturday, 02 November 2013 23:01
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Open Letter To Russell Brand - CoinAxis

Open Letter To Russell Brand - CoinAxis

Open letter to Russell Brand

Dear Russell:

I just finished watching your interview with Jeremy Paxman, aside from Mr. Paxman being a trite individual, it was fantastic exchange of new ideas vs. old.  I'm sure you were expecting Sinead O'Conner, or Miley Cyrus to write you this open-air missive.  Alas, I'm going to underwhelm you, because my fame and fortune are nonexistent.  So, here it is, you get me, Michael, writing you in hopes to get your attention to some important issues, in which are pertinent to your revolutionary interview.

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Guest — steve from virginia
The revolution will have the centers of London, Paris, Shanghai, New York and Washington burned out w/ millions dead. That's how r... Read More
Saturday, 26 October 2013 01:18
Guest — dkirkwood
isn't a fundemental problem w. bitcoin the reliance on the internet? the problem with that, is the internet exists only at the ple... Read More
Saturday, 26 October 2013 11:01
Guest — Jon Danzig
As Sir Winston Churchill once said, democracy is the worst form of government - apart from all the others. In countries where the... Read More
Saturday, 26 October 2013 11:16
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Why Bitcoin Is Imperative To People In The Global Economy - CoinAxis

Why Bitcoin Is Imperative To People In The Global Economy - CoinAxis

Why bitcoin is imperative to people in the global economy.


Most of us have been strongly affected by the housing & market collapse of 2008.  If you're like me you are still feeling the effects of the dotcom crash, earlier in the decade.  We've all heard the "reasons" for the collapse, well, as best the producers of the various news shows can muster.  There is nothing more frustrating than listening to Jim Cramer pimp the worst stocks, whilst slapping a control board full of sound effects & bright colored graphics...only to realize that some people are taking his advice and losing their hard-earned money.  But, I digress.
 

The one aspect I find frustrating with financial pundits and most economists today, is: they are basing their theories and calculations on a centrally controlled system.  When the global monetary system is essentially broken, it's difficult to predict market behavior.  Although, there is a long line of economists opining the status quo.  Rarely are they correct, yet they often editorialize and/or make policy for the rest of us.  

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© Coinaxis, 2013

Recent Comments
Guest — Bitcoin enthusiast
I thought i was reading an old article. 10k bitcoins is already worth much more than 220k
Monday, 21 October 2013 20:35
Michael
Ahh nice catch. That was supposed to be $10,000 in bitcoin, not 10,000 bitcoin. Fixed!!
Monday, 21 October 2013 20:42
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Bitcoin Bob - Money Monopoly

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