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Home :: Money

08 Mar 2014

Peter Pan Coin Money

Code is Law - Larry Lessig
MtGox finally collapsed, although for a reason I didn't anticipate: software bugs. Something called "transaction malleability" allowed crooked MtGox users to trick MtGox into believing that their withdrawals hadn't worked, so MtGox reissued them. This continued over about three years, during which time the crooks stole about 700,000 bitcoins from the wallet where MtGox kept most of its customers' deposits without them noticing.

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posted at: 16:30 :: permanent link to this entry :: 0 comments
Trackback link is http://jl.ly/Money/bitfatal.trackback

31 Jan 2014

A Cross of Bitcoins Money
One of the great divisions in the US (it's #2, with #1 being slavery and race) is between the creditor class, historically eastern bankers and industrialists, and the debtor class, historically western farmers. The creditors want hard money, no inflation, and preferably deflation. The debtors want cheap money, to make it easier to pay their loans.

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posted at: 22:51 :: permanent link to this entry :: 0 comments
Trackback link is http://jl.ly/Money/bitcross.trackback

01 Jan 2014

A few more thoughts on Bitcoin Money

In no parrticular order:

Anonymous frictionless transactions are not new and are not very interesting

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posted at: 20:40 :: permanent link to this entry :: 0 comments
Trackback link is http://jl.ly/Money/bitmore.trackback

29 Dec 2013

Great minds think alike Money

In the unlikely event that anyone doesn't follow Paul Krugman's NY Times blog, he posted a long excerpt from a note I sent him about Bitcoins.


posted at: 20:48 :: permanent link to this entry :: 3 comments
Trackback link is http://jl.ly/Money/pkbit.trackback

23 Nov 2013

Trying, and failing, to cash in my bitcoins Money
Having bought some Bitcoins, and then bought some coffee with them, the question was what to do with the rest of them.

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posted at: 23:15 :: permanent link to this entry :: 2 comments
Trackback link is http://jl.ly/Money/bitoops.trackback

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