Dear John: You’re an a–. You just dug your own virtual grave. You think bitcoin is a joke? Wake up, old man, the world has changed without you. Ron Insana of CNBC just destroyed his reputation over his last bitcoin article and so did you. The hate mail is just beginning. Good luck, old fool…. bitcoins | New York Post"Bitcoin fan isn’t happy I said the ‘currency’ was a joke"
The main way that Silicon Valley companies keep employees loyal is with stock options. Stick around for a year or two, and you get a small slice of ownership in the company. It’s a good incentive for workers to do their bit to increase the company’s value. It doesn’t really work that way in most other jobs though, especially if you’re not an office worker. No matter how many burgers you flip or skim-milk lattes you…"This pizza CEO has a crazy plan to create a Bitcoin-like currency to share the wealth with workers"
Oaktree Capital founder Howard Marks has bitcoin on his mind. Marks, who called bitcoin, the digital coin up over 350% this year, a “fad” in a July memo, has warmed up to it after receiving backlash from the cryptocurrency community. Marks revisited his thoughts on the digital coin in a wide-ranging memo sent out to clients on Thursday. The long and short of the note: Marks has changed his mind, but he still has reservations. Marks concedes he…"HOWARD MARKS: ‘I see no reason why bitcoin can’t be a currency’"
Bitcoin Cash, an alternative version of the digital currency bitcoin that launched earlier this month, saw its price spike sharply overnight, as much as 86% after the fledgling network showed it could handle the kinds of higher traffic for which it was built. Bitcoin Cash was most recently up 66% at $ 567. Its total market capitalization is now $ 9.4 billion, which pushed it over the $ 6.1 billion market cap of a cryptocurrency called…"‘Bitcoin Cash’ Jumps 86%, Now the Third-Most Valuable Digital Currency"
Satoshi, eat your heart out (if you exist). In addition to Bitcoin, there are now hundreds of cryptocurrencies in circulation, some more liquid than others. Not all seem quite kosher in the figurative sense of the word. Only one may be in the literal sense: BitCoen. Tablet Magazine reports that Russian entrepreneur Vyacheslav Semenchuk is launching a cryptocurrency with “the values and customs of the ancient foundations in the framework of Jewish law.” The currency would be overseen…"Oy, Such a Currency"
Bitcoin may have appreciated 300% in the last 12 months, but Morgan Stanley still isn’t convinced the cryptocurrency will be a viable currency in the long run. In new research published this week, analysts at the bank say that bitcoin (and its counterparts like ethereum) are still more like investment vehicles than fiat currency that you could spend on goods and services. In addition, it said there are few reasons to use bitcoin instead of a debit…"MORGAN STANLEY: Bitcoin isn’t a currency"
There’s a civil war in the bitcoin community over the digital currency’s future. Developers, miners, and other stakeholders are locked in a heated debate over how best to scale the network, with chances steadily rising of irreconcilable differences causing a so-called “hard fork” that would split Bitcoin in two. Bitcoin is in crisis, and while there’s broad consensus that something needs to be done, there’s little agreement on what. What’s the problem? To put it…"A Bitcoin civil war is threatening to tear the digital currency in 2 — here’s what you need to know"