Sep 122014
 
Ecuador Bans Decentralized Cryptocurrencies; Institutes State-run Cryptocurrency

I just heard the news from Ecuador a few days ago after seeing an article from CBS Money Watch. After some research, I learned that the Ecuadorian National Assembly actually voted in July to ban cryptocurrencies. At the same time, the National Assembly voted to create a State-run cryptocurrency that some believe may replace the USD as the official currency of the socialist nation. President Rafael Correa denies any plan to replace the U.S. dollar, […]

Sep 042013
 
Bitcoin and Lighter Shades of Markets

If you were to peruse the articles about Bitcoin by mainstream media outlets, you would be led to believe that it is a type of currency that only drug users/dealers and tax evaders use for all sorts of devious business. No upstanding, patriotic, tax paying, red- white- and blue-blooded American would even consider engaging with the crypto-currency unless they are criminals. Who actually wants privacy when it comes to their transactions these days? Sounds suspicious… […]