Dear Mr. Paul Krugman, I read your recent piece about Adam Smith and bitcoin. http://krugman.blogs.nytimes.com/2013/04/12/adam-smith-hates-bitcoin/ Once again, it seems all roads in economics come down to the roads. Perhaps, Mr. Krugman, you can explain how without roads, goods and services can be delivered to people efficiently? It appears that you agree with Adam Smith, and… Continue reading Dear Mr. Paul Krugman, About Bitcoin…
Month: April 2013
Litecoin Mining on Mac OS X – Solving Library Errors
I have FINALLY managed to get an LTC miner running on my Mac. The basic problem was that unless you do a lot of development on a Mac, you’re unlikely to have your machine set up properly for mining, and you’ll get missing library errors from the miner – libidn.11.dylib and libssl.1.0.0.dylib. (I generally find… Continue reading Litecoin Mining on Mac OS X – Solving Library Errors
Canadians Bullish on Bitcoin
Over the past while I’ve noticed disparities in prices in different bitcoin exchanges. In particular, the VirtEx exchange in Canada often trades at around 10% higher than mtGox. Typical bid/ask spreads at mtGox are around 1.2% to 1.6% of the BTC price, with most bidding trading around the even dollar and $0.50 marks. It’s… Continue reading Canadians Bullish on Bitcoin
Bitcoin Hit Piece After Bitcoin Hit Piece
Mainstream news is reporting hit piece after hit piece on BITCOIN. It’s a non-stop parade of pundits all coming out to scream the horrors of bitcoin and how it is nothing but a bubble. But remember, these are the same kinds of pundits that rallied around the dot-com bubble singing its praises, and the same… Continue reading Bitcoin Hit Piece After Bitcoin Hit Piece
Bitcoin Hit $100 USD
Well, Bitcoin just hit $100 in a big way. Massive buying with orders as large as 1,000 BTC and numerous orders filled in the hundreds of BTC. It will roll back a bit, but the next time, it’ll be over $100.