Is Peter Schiff Wrong? - CoinAxis

Is Peter Schiff Wrong? - CoinAxis

Is Peter Schiff wrong?

Peter schiff did a phone interview with CNBC on Tuesday, where he went on to skewer bitcoin as a "modern day tulip mania".  This was in response to Tyler & Cameron Winklevoss's statement about bitcoin being gold 2.0.  There might be some excitement in bitcoin right now, but it's on a very small scale, given the vast majority of people are not aware of bitcoin, and certainly don't own any.

...
1
Continue reading
6336 Hits
0 Comments

Gold vs. Bitcoin - CoinAxis

Gold vs. Bitcoin - CoinAxis

Gold vs. Bitcoin  

b2ap3_thumbnail_Gold_execorder1933.jpgGold has been considered money for centuries; although, FED chairman Ben Bernanke would disagree. In his now infamous answer to former Congressman Ron Paul's question:  "Do you think gold is money?"  Bernanke had a very puzzled look on his face when posed with such a straight forward question.  His answer was an emphatic "No".  If you understood the position of the Federal Reserve Bank, you'd understand why such a question is a double-edged sword.  The lifeblood of the Federal Reserve Bank is DEBT, and to them, anything other than debt is one more nail in their monopoly coffin.

...
4
Continue reading
8512 Hits
0 Comments
Featured

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.

...
6
Recent Comments
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
Continue reading
17701 Hits
10 Comments

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.  

...
1

Copyright

© 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
Continue reading
8896 Hits
2 Comments

Bitcoin Bob - Money Monopoly

...
1
Continue reading
4642 Hits
0 Comments

Popular Articles

How to configure Cgminer to mine bitcoin, and litecoin. System details Motherboard: Gigabyte 990FXA-UD3 Processor: AMD FX 4100 4-Core Processor Memory/RAM: Gskill Ripj...
Rate this blog entry:
46
For those of us Windows (or Apple) users, Linux can be daunting at first.  It's the wild west of operating systems.  In many ways is far superior than it's Microsoft and Apple counterpart...
Rate this blog entry:
34
How to configure Cgminer to mine bitcoin, and litecoin. This seems to be a popular issue with mining crypto-currencies.  There are many nuances to get your mining configuration correct, an...
Rate this blog entry:
22
How to buy Litecoin I often get this question from people interested in litecoin, but don't know exactly how to buy them.  Litecoin is faster version of bitcoin that uses a more memory int...
Rate this blog entry:
22