In another unfortunate turn of events for anyone hoping their right to privacy to be protected as guaranteed by the US Constitution, the UN Declaration of Human Rights, or applicable state and federal law, the US government has argued that the disclosure of proprietary Chainalysis heuristics information in the case US vs. Sterlingov would “jeopardize numerous law enforcement investigations and impact the effectiveness of law enforcement tracing tools” by enabling the development of “criminal countermeasures to blockchain analysis.” The oath each and every US government employee pledges when first taking…
Read MoreDay: October 2, 2023
Elon Musk Calls Fiat Currency A Scam
In a characteristically bold and provocative post, Tesla and SpaceX CEO Elon Musk has once again stirred the financial world by declaring, “Fiat currency” a scam. Musk, responding to a post asking other X users what they think is a scam so normalized that people don’t even realize it is a scam, did not provide further context in the post. Fiat currency refers to traditional government-issued money, such as the US dollar, euro, or yen, that is not backed by a physical commodity like gold but relies on the trust…
Read MoreBuy Love, Sell Fear
This article is featured in Bitcoin Magazine’s “The Withdrawal Issue”. Click here to subscribe now. A PDF pamphlet of this article is available for download. “Romantic love is an addiction”, says Dr. Helen Fisher, a biological anthropologist at Rutgers University. “My guess is that our modern addictions — nicotine, drugs, sex, gambling — are simply hijacking this ancient brain pathway that evolved millions of years ago, that evolved for romantic love. The brain system evolved to focus your energy on an individual and start the mating process.” “It is not…
Read MoreBitcoin Is A Possession, Not Property
Property arises naturally, through labour (transformation of matter) and through the peaceful exchange of individuals. It is a foundational concept that enables human action by allowing individuals to satisfy needs and navigate uncertainty. This results in resources being used most efficiently as individuals who own them have a strong interest in doing so. In contrast, the need for a legal definition of property by a central authority such as the state may result in resources being controlled by individuals who do not have a strong interest in using them effectively.…
Read MoreBitcoin Up 7,000% Since Assange Called It ‘The Most Interesting Thing on the Internet’
Nine years ago today, Wikileaks founder Julian Assange made his most substantial public remarks on the nature of Bitcoin, a then five-year-old project that had just broken into the financial mainstream by passing $1,000 the year prior. At that time, Assange was not new to Bitcoin. In fact, Wikileaks had discussed accepting Bitcoin since as far back as 2010, when early efforts were made by users to introduce the journalistic agency to the payment method. Ultimately, Wikileaks began accepting Bitcoin in 2011, a move the organization has since credited for helping…
Read MoreCoinbase Approved to Offer Bitcoin to Institutions in Singapore
Coinbase, one of the world’s largest Bitcoin and crypto exchanges, has received approval from the Monetary Authority of Singapore (MAS) to offer Bitcoin buying and selling services to both retail and institutional investors in the country. This milestone makes official Coinbase’s expansion into the Singaporean market, which has been gradually embracing Bitcoin as an investment option. The approval granted by MAS enables Coinbase to provide a secure and regulated platform for Singaporean investors to access Bitcoin, and comes on the heels of its approvals in Europe last week. Coinbase’s expansion comes…
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