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Stefan Molyneux, Bitcoin: The Psychology of Money

“What does psychological research reveal about people’s perception of money and value? What mental barriers do Bitcoin adoptees need to overcome to help others welcome the new paradigm? Stefan Molyneux, host of Freedomain Radio, brings the latest scientific insights into the psychology of money and value to bear on the challenges of evangelizing Bitcoin to the masses!” Continue reading →

Bank of Greece Breaks Silence on Bitcoin

“The Bank of Greece issued a brief statement on 11th February warning citizens of the potential risks associated with virtual currencies, such as bitcoin. Citing past statements from the European Banking Authority, the release included introductory information meant to guide consumer decision-making, as well as material that further informed readers of the potential tax implications and legal consequences associated with the use of virtual currency. The announcement comes after a string of similar remarks from other European central banks, such as the Central Bank of Lithuania and the Central Bank of Cyprus, which both issued statements to raise awareness of the potential risks.” Continue reading →

Head of Dutch Libertarian Party Arrested Just Weeks Before Election

“The former chairman of the Dutch Libertarian Party, Toine Manders has been kidnapped in Cyprus by the FIOD (the Dutch IRS) and is currently locked away in the Netherlands in complete isolation (aside from his lawyer), in an undisclosed location. He is being held for an extended 90-day period, the charges for which are unknown. Toine Manders began his career by giving legal advice to young Dutch men who wanted to avoid military conscription. Toine Manders had attracted special attention from the government by running controversial ads that stated ‘Taxation is theft’, and that it was people’s moral duty to pay as little in taxes as possible, as the government is a criminal enterprise.” Continue reading →

Despite central bank warnings, Bitcoin gains toehold in Middle East

“‘The system is based on the concept of proof of work,’ explained David al-Achkar, a Lebanese entrepreneur and active member of the regional Bitcoin community. In December 2013 the Lebanese Central Bank issued an official warning regarding Bitcoin. ‘Transactions conducted with Bitcoins facilitate money laundering and the financing of terrorism,’ said a circular issued by the Central Bank. Regionally, the limited Bitcoin economy appears to serve more mundane purposes. Earlier this month Dubai-based restaurant The Pizza Guys began accepting Bitcoin payments. Over the past 10 days, The Pizza Guys has processed seven Bitcoin transactions.” Continue reading →

Vietnam says bitcoin transactions are illegal

“Vietnam’s communist government said trading in bitcoin and other electronic currencies is illegal, and warned its citizens not to use or invest in them. Currencies like bitcoin are unnerving financial regulators in Asia and elsewhere because they are outside of their control. Established banks don’t like them because people can send the money around the world with any fees. There are a few websites that claim to offer bitcoin in exchange for Vietnamese dong, but it’s unclear whether they have done any trading so far. Aside from an investment and buying goods and services online, bitcoin could be used by Vietnam’s diaspora to sends home remittances.” Continue reading →

Why the Working Poor and Banks Are a Bad Match

“The Consumer Financial Protection Bureau is expected to draft rules governing payday lending this year. But the conventional wisdom that will likely guide it is based on false perceptions about the working poor and the best way to serve them. So argues Lisa Servon, a professor at The New School in New York, who spent four months as a teller at a check-cashing business in the South Bronx and three at a payday lender in Oakland, Calif. Servon’s conclusion is that many low-income consumers fulfill their financial needs outside the regulated banking system by choice and in many cases are better off for doing so.” Continue reading →

Ukraine Protestors Turn to Bitcoin to Ease Cash Crisis

“Field surgeries and hospitals treat the wounded, kitchens feed the crowds, blankets and clothing are distributed to those who need them, and people with vehicles shuttle everything around. Not only is this a major logistical and people-management feat to co-ordinate, but it must all be paid for somehow. So, expatriate Ukrainians around the world have joined the fight to campaign and raise funds to assist the struggle back home. PayPal only allows money to be sent out of Ukraine, while international bank transfers can take days to complete. Much of the time, transfers happen through friends and trust networks. This week sees a new campaign to raise funds directly via bitcoin.” Continue reading →

You follow your child’s doctors orders and the state can take your kids away

Disgusting. A doctor at one hospital makes a diagnosis, writes prescriptions which you have filled. He orders treatment for your child, and you comply. Then one day your child’s doctor is unavailable and you go to a different one, who then causes the state to charge you with child abuse and take your kid from […]