‘Gobbledygook’ Papers Flood Academia to Prove a Point

Staff / Truthdig Mar 1, 2014 Three MIT students set out to expose how much crud gets accepted to scientific conferences; Uganda's President Yoweri Museveni was swayed by so-called science to sign an anti-gay bill; meanwhile, Bitcoin may have some value beyond that of an online currency. These discoveries and more after the jump. Dig deeper ( 2 Min. Read )

Who Is the Average Bitcoin User?

Alexander Reed Kelly / Truthdig Mar 1, 2014 Bitcoin users are overwhelmingly white, male and distrustful of the very idea of government. Dig deeper ( 2 Min. Read )

U.S. Prosecutors Obtain Millions in Bitcoin

Alexander Reed Kelly / Truthdig Jan 19, 2014 Federal prosecutors in Manhattan have to figure out what to do with $27 million worth of Bitcoin confiscated after the closure of an anonymous black market site authorities say was used to exchange drugs and computer hacking services. And the value of the haul could grow. Dig deeper ( 2 Min. Read )

Bitcoin and the Dangerous Fantasy of ‘Apolitical’ Money

By Yanis Varoufakis Dec 26, 2013 The crash of 2008 infused our societies with enormous skepticism of government and central bank authority. Naturally, many dream of a currency that politicians and bankers cannot manipulate. Bitcoin has emerged as the great white hope of something of the sort. Alas, that hope is false. Dig deeper ( 11 Min. Read )

The Impracticality of Bitcoin

Alexander Reed Kelly / Truthdig Dec 24, 2013 The presently unregulated digital currency has libertarians and currency speculators in a tizzy over the possibility of making a lot of money in a short time. Greek political economist Yanis Varoufakis tells RT whether there is any reason to believe Bitcoin, currently valued at $900, is practical for use by ordinary people and sustainable as a means of exchange overall. Dig deeper ( 1 Min. Read )

Bitcoin Not Accepted

Martin Sutovec, Cagle Cartoons, Slovakia Nov 29, 2013 Dig deeper

Berlin Embraces Bitcoin

Staff / Truthdig Aug 20, 2013 Germany is the first country to make an official decision about the status of the online currency. The nation's Finance Ministry acknowledged Bitcoin as “private money” and a “currency unit,” which means it can be taxed when used commercially, but not so for personal purposes. Dig deeper ( 1 Min. Read )

Prosecutors Use Patriot Act to Shut Down Virtual Currency Operator

Peter Z. Scheer / Truthdig May 29, 2013 Liberty Reserve, which, until Tuesday, operated a virtual currency that could be exchanged for cash, stands accused by the United States of laundering $6 billion in criminal funds. Dig deeper ( 1 Min. Read )

Write a Blog, Risk Going to Jail

Staff / Truthdig Apr 8, 2013 Daniel McGowan, an Earth Liberation Front activist, was imprisoned last week for writing a HuffPo post; Fox News claims that Rutgers University firing its abusive basketball coach is evidence of cultural decline; and no, Bitcoin is apparently not the future of currency. These discoveries and more after the jump. Dig deeper ( 3 Min. Read )

Have You Heard of Bitcoin?

Alexander Reed Kelly / Truthdig Mar 24, 2013 It's a virtual currency that travels beyond the reach of banks and centralized regulatory institutions and allows you to transfer money to anyone with an Internet connection, anywhere at any time. Dig deeper ( 1 Min. Read )

A New Kind of Money

Staff / Truthdig Aug 3, 2011 For the past two years, a new kind of digital currency has been gaining in popularity Bitcoin is used to make supposedly anonymous direct transactions between buyers and sellers of goods and services online all over the world, without the oversight of (more). Dig deeper ( 2 Min. Read )