Truth be told, I never thought about this line of thinking with respect to gold. It is one of those simple and elegant solution. Needless to say, there will be a huge debate ‘if’ it will happen or not, but nonetheless, elegant solution with respect to currencies and gold standard. Central banks are out of […]
Have Crypto-Currency, gold backed! Got money?
Considering the number of questions I get asked about Bitcoins, what they are, how they work, are they reliable and many more, I decided to address some of these questions as best as I could. This post is the first in a three-post series that will form a primer for anyone seeking more information about […]
Today was a historic trading day, when Bitcoins for the first time equalled (nearly) the price of Gold. This particular trade chart is for Mtgox.