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Blockchain

Why Is Bitcoin Worth More than Gold? Because We Said so.

October 13, 2017


Seriously, we had to do a double-take when we happened upon this NASDAQ post, Why is Bitcoin Worth More than Gold? Martin Tiller's excellent article goes into how a new ETF which will track the virtual currency that the SEC will hopefully soon approve. The article is worth a read - we've excerpted some of it below but the bottom line is the author believes supply and demand has a lot to do with it.

What the creator of Bitcoin, the mysterious Satoshi Nakamoto, did was turn that notion on its head. What if currency, like gold, was both limited and scarce in nature? If that was the case, then as an economy expanded, the currency would become more, not less valuable, and increasingly small amounts of it would be needed to pay for things.




Coinbase Finally adds Support Line

September 21, 2017

In August we reported the many problems Coinbase has had in providing customer service to customers. The company has been impossible to reach by not only customers but reporters like us.

In response, the company did not reach out to us to respond to the many problems customers have been reporting. Instead, they added a customer support line: 888-908-7930.

Callers at this point can expect long wait times based on reports. Perhaps 15 minutes or so.



Coinbase: Killing the Goose that Lays the Golden Cryptocurrency

August 31, 2017

How Bitcoin and the Free Market can Screw up Bitcoin and the Free Market

The beauty of cryptocurrencies and ICOs is there now a way for tech to take on governments and allow consumers access to an alternative to government controlled “money.” Bitcoins and related currencies are a libertarian dream – allowing people from repressed countries such as Argentina, China and others to take their money out of these financial prisons if they so choose.

In 2013 we detailed the 15 reasons bitcoins were better than gold, we then reiterated it is Gold 2.0.  In January of this year we charted Bitcoin according to the Tech Hype Cycle and predicted the price would break out based upon how technology adoption works.

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