http://www.bloomberg.com/news/2014-05-15/inflation-soars-in-the-bitcoin-consumer-price-index.htmlSlightly bizarre way of reporting on the price action. In December, using bitcoin to pay for a cold Corona at New York City's Old Man Hustle bar was a smart move. With the digital currency up 64-fold for the year, patrons got lots of bitcoin bang for their beer. Bitcoin-priced goods were experiencing "massive deflation," ... <snip> ... And now? The price of a bitcoin is around $442 on CoinDesk, down more than 40 percent from the start of 2014. Bitcoin brew-buying isn't nearly as attractive, as massive inflation takes root with items priced in the digital currency. For example, in December one bitcoin bought about 128 Coronas at the Lower East Side bar, not counting tax. It would buy about 74 beers today
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http://blogs.wsj.com/moneybeat/2014/03/10/while-media-chased-nakamoto-crypto-geeks-marveled-at-his-creation/Thought this was a good one to post here. Marking this coming-of-age moment, the Bitcoin Foundation signed on as a conference sponsor and hosted a packed workshop Thursday to discuss research developments for bitcoin.
It was “a watershed event,” said Emir Gun Sirer, a professor at Cornell University. “We have this community of academics who have been thinking about these problems since the 1980s and suddenly here’s this actual currency that people are using. It’s exciting.”
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http://www.bloomberg.com/news/2014-01-21/bitcoin-no-bargain-as-47-of-investors-go-bearish-in-poll.htmlForty-seven percent of respondents say they would sell Bitcoin, while 11 percent say they’d buy it. Another 7 percent say they’d hold the virtual currency, while 35 percent say they haven’t got an opinion about it. "go bearish" How many times have they measured sentiment like this? How many of the bearish have ever used the currency? Read the whitepaper? Gotten out of the cheap seats? I suspect none of the bearish had a fair value in mind above zero. I wish they had been asked "At what price would you be a buyer?"
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http://www.bbc.co.uk/iplayer/episode/b03m3j72/Money_Box_Byebye_to_Bitcoin_Genderblender_insurance_Worlds_most_expensive_moneybox/Forget metal, paper and plastic is the future of currency virtual? Bitcoin is the oldest and best known of these virtual payment systems that are outside the banking system and free from state control or backing. That leaves the currency open to wild market fluctuations rising like a rocket then falling like a stick. So is virtuality the future of currency? Or is Bitcoin about to bite the dust? A Money Box listener and bitcoin enthusiast debates the pros and cons with a critic. The guests were a man who invested a portion of his pension lump sum into bitcoin, and Irish economics lecturer Stephen Kinsella.
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http://www.cnbc.com/id/101200996Reporting from the ongoing Singapore bitcoin conference: "There are two things affecting bitcoin in China," Linke Yang, co-founder and vice president of BTC China – the world's largest bitcoin exchange by volume – told CNBC on the sidelines of the conference.
"One is that there are a lot of [bitcoin] miners in China," Yang said, referring to those participating in the process of adding transaction records to bitcoin's public ledger and who can earn bitcoins for their efforts.
"The second is that, traditionally, high net-worth individuals and investors first go to the property market to invest and then the stock market, but since the property market is capped and controlled and stocks maybe aren't doing so well that's changing," Yang said. "After we had the China Central Television piece [on bitcoin in March] people here know about bitcoin and are putting their money into it."
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http://www.businessinsider.com/guys-made-3m-from-bitcoin-craze-2013-11Profile on KnCMiner. From November 7 to 10, 2013, while Bitcoin prices were climbing wildly, Stockholm-based KnCMiner sold out of its newest Bitcoin computer, selling 5,000 units. These computers cost $7.000 a piece (and yes, they take Bitcoin as payment).
At one point, the computers were selling so fast that KnCMiner generated $600,000 in less than five minutes, it said.
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