Cryptocurrency

There are many trading platforms that people can use to purchase and sell bitcoin, but sometimes people don’t want to go through the hassle of registering with an exchange. On the other hand, some individuals also don’t want to use Localbitcoins as they may dislike the process of dealing with peer-to-peer traders. Many people don’t know that there are other types of methods individuals can use to purchase and sell bitcoin, and some of them may be at your local convenience store.

The cryptocurrency Ether just hit $200. Let me explain what has just happened and what that means.

Until recently, Australia has had a very troubled relationship with cryptocurrency. Back in 2014, they decided to allow double taxation, which caused several well-known operators to quit the country. Now, Australia has officially confirmed it will treat Bitcoin “just like money” from this year and it will no longer be subject to double taxation.

Bitcoin was blessed in its early days by government officials who figured it was going nowhere. Years went by while it thrived in an atmosphere of benign neglect. That was the source of its rising sophisticated and marketability. Bitcoin didn’t need government to become its champion; Bitcoin needed government to stay out of the way.

F.A. Hayek is smiling, or perhaps blushing, if news has trickled up to where all great Austrian economists go. The Legends Room Gentlemen’s Club in Las Vegas has created its own virtual currency, known as LGD.
 

Anything you can do with Bitcoin, you can do with a dollar-pegged cryptocurrency, like avoid fees associated with credit and debit cards, maintain greater privacy, “remit payments globally” more cheaply, and access blockchain financial services.

Cryptocurrency: Cryptocurrency will cripple governmental ability to collect taxes, and they won’t see it coming. When it’s already happened, expect major changes to take place in how society is organized on a large scale – but also expect governments to act in desperation to retain control.

Cryptocurrency: The third Satoshi Roundtable has just concluded in Cancún, Mexico. The Roundtable is a private gathering of 100 movers and shakers within the bitcoin industry, with no media present, and it’s held under Chatham House rules – meaning everybody can use the information shared at the meeting, but never disclose who said what or their affiliation.

In its seven years of existence, Bitcoin has gained wide mainstream attention with its disruptive potential in finance. Yet, currency is just its first application. The technology’s other potential lies in affecting governance and law. Democracy has weakened in the existing systems of governance. With concentration of power created through hierarchy, ordinary people are kept out of influencing policies or participating in vital decision-making. In this lock down system, many politicians do not represent true interests of the people and those who do are often blocked out.

Six years since the invention of the blockchain, more people are beginning to see the powerful political implications that this technology brings. People from diverse backgrounds have been weighing in on its disruptive potential. While libertarians embrace the potential of cryptocurrencies to break up monopolies of the ‘too big to fail’ banking and payment companies, the rise of this technology was met with skepticism by many socialists.