Hey, I am trying to give the John Nash story more credibility through my Bitcoin news site, and referencing this thread.  Some are saying this John Nash stuff is old news though?

http://www.reddit.com/r/Bitcoin/comments/2gzoxa/john_nash_is_satoshi_nakamoto/

An upvote on Reddit would be much appreciated!

Is it still an unprecedented first that a major invention had been created, and there is literally nobody stepping forward to take credit for it.

And when you consider it from a computer science standpoint, not only did he solve many theories thought to be unsolvable, but he implemented code to do so as proof of it.

I doubt there is a large enough percentage of Chinese investors falling into this category.  Most intelligent investors are not dumping one investment 100% to put it into another investment.  They would likely get free cash from somewhere else.

Early System of Trading.
Let’s take a look at the evolution of money through a practical example. One day, around 25,000 years ago, a man hunted down a mammoth and people within his community wanted some meat of the animal. As he began to distribute the meat to every villager, he had to keep a track who took the meat and how much he gave to each of them. For thousands of years this was the way how people traded among themselves. No ledger was available to keep a track of the debts, people were forced to keep track of their own debts.

Inception of Money.
As the trades expanded to keep a track of “who owed whom how much” became very tedious. One intelligent man came up with a better ledger that could track who owed him how much. So when people came to him to get something he asked them to pay him stones as a way to keep a track of how much they owe him. This was the birth of “Money”, which rose from keeping a track of debts. This method gained popularity and was adopted but other in the community as it improved upon keeping track of debts.

Full article with video continued...

http://bitcoinpricelive.com/history-of-money/

Hey, there is an Exclusive interview here about the Open Bazaar:


http://bitcoinpricelive.com/openbazaar-decentralized-marketplace/

OpenBazaar is a new and intresting project about to get released to the Bitcoin public. As you can see in the video a non-restricted free to use marketplace environment is being worked on right now. We asked the Operations Lead for OpenBazaar Sam Patterson, a few questions about what can users expect from the project and what might lie in store for the future.

Which kind of new options will merchants and customers receive from the OpenBazaar compared to ebay or Amazon?

Using OpenBazaar, merchants will not need to pay the sellers fees and PayPal fees, and they don’t have to follow the rules of a particular marketplace for what items they can list. Both the merchants and the customers will also have the ability to choose their own arbitration. Right now, if you use an ecommerce platform and run into a problem, you may not get very personalized or quality dispute resolution. OpenBazaar will have a market for arbitration, so people will be able to choose who the third party is based on reputation and ratings.

What kind of products you imagine would be the first to hit on the virtual shelves of the OpenBazaar?

We think the first use case will be something like BitMit was, where the bitcoin community has a platform to buy and sell goods among themselves. Over time, once the platform has grown and proven itself, we expect that merchants using traditional ecommerce platforms will begin listing their products on OpenBazaar as well, due to the lack of seller fees and better arbitration.
Ultimately, we’re creating an open source platform that anyone can use, and we don’t know beforehand how people are going to use it to make their lives and their communities better. It’s exciting to consider how peer to peer commerce online could change the world.

Continued...

http://bitcoinpricelive.com/bitcoin-etf-5-reasons-the-winklevoss-bitcoin-etf-will-send-bitcoin-to-10000/

The Winklevoss Bitcoin ETF  is set to go online at the end of 2014. You might remember the Winklevoss twin brothers from the movie The Social Network  where they sued Mark Zuckerburg and Facebook to win 50 million dollars. Since then the twins have moved on to start a Bitcoin ETF named the Winklevoss Bitcoin Trust. Once it begins trading, expect the price of Bitcoin to soar to over $10,000.

Here’s 5 reasons why:

1. Wall Street Money Will Flow Into The Bitcoin ETF. As soon as a person can go to their brokerage account, type in the symbol COIN and buy now, it will put upwards pressure on the price of Bitcoin. There are many wealthy investors who would like to get into Bitcoin but they feel uncomfortable that Bitcoin is not in their name, that they need to backup a wallet, and they need to keep their computer virus free. The Winklevoss ETF will allow the average wealthy investor who is a not technology expert to put large amounts of money into Bitcoin.

2. The Winklevoss ETF will be promoted as currency diversification on Wall Street Bitcoin is already being regarded by Wall Street as a new currency. The US dollar, Euro, and Yen have been undermined as a store of value. It will be advertised to clients as a high risk, high reward alternative currency.

3. Trading of the ETF will only be open during stock market hours The COIN ETF can only be bought or sold during the NASDAQ market is open in the United States. This means that the Wall Street investor will only be able to access Bitcoin trading from 9:30 AM EST to 4:30 PM. During this time period, there will be increased volume and more news released about Bitcoin. In the downtime there will be massive speculation about where the Bitcoin ETF will open and for what price. There will be discrepancies of the price between Bitcoin exchanges and the Bitcoin ETF.

4. Liquidity in Bitcoin markets will increase dramatically. There will be many more Bitcoins trading hands on a daily basis as the Bitcoin ETF will be required to allow shorting as well. This means that investors can bet that Bitcoin will go down as well. When the Bitcoin ETF opens, it will be much easier for Bitcoin Bears to bet that the price will go down. However, this is good for the price of Bitcoin as it will allow investors to bet both sides of the Bitcoin, increasing Bitcoin transactions

5. The Bitcoin ETF is required to buy additional Bitcoins Details of the Winklevoss ETF reveal that as more money flows into their trust, they are required to buy Bitcoins. Since the supply of Bitcoins is limited, this means they will have to buy from exchanges or over the counter purchases. Recently, the Winklevoss Twins announced they would pay in Bitcoin to go to space via Richard Branson’s Virgin Galatic.

Expect the price of Bitcoin to go space as well!