Acton Institute Powerblog Archives

Post Tagged 'Peer-to-peer computing'

December 17, 2014

Bitcoin is (Nearly) All Dead

Earlier this year I declared that Bitcoin was (nearly) dead. But as The Princess Bride’s Miracle Max once explained, “There’s a big difference between mostly dead and all dead. Mostly dead is slightly alive. Continue Reading...
June 13, 2014

An Evangelical College Becomes First in the U.S. to Accept Bitcoin

Christians colleges aren’t usually known for being on the cutting-edge of technology. But The King’s College, an evangelical college located in New York City, is leading the way by becoming the first accredited college in the United States to accept Bitcoin for tuition and other expenses: “The King’s College seeks to transform society by preparing students for careers in which they help to shape and eventually to lead strategic public and private institutions. Continue Reading...
April 10, 2014

How Bitcoin Could Help the World’s Poor

Bitcoin is dead, long live Bitcoin. A few weeks ago the IRS killed off any chance that Bitcoin could become a mainstream currency. That’s probably for the best since it clears the way for it to become something much more important: the world’s first completely open financial network. Continue Reading...
March 27, 2014

How the IRS Killed Bitcoin as a Currency

“For federal tax purposes, virtual currency is treated as property.” With those ten words, the IRS has made it more difficult — if not impossible — for bitcoin and other virtual currencies from gaining widespread, mainstream acceptance as a currency for commercial transactions. Continue Reading...
March 05, 2014

Bitcoin is (Nearly) Dead

Last year I wrote a series of blog posts about what Christians should know about Bitcoin. In response, one astute reader pointed out an odd juxtaposition: my conclusion seemed to imply that Christians should avoid Bitcoin “at all cost” and yet the Acton Institute accepts donations in Bitcoin. Continue Reading...
April 17, 2013

Bitcoin as ‘Super Fiat’ Currency

Joe has done us all a real service in putting together his three part (1, 2, 3) primer on Bitcoin (full PDF here). I am curious, though, what the justification is for referring to Bitcoin as a “commodity” currency. Continue Reading...
April 11, 2013

I’m Not Buying Bitcoin

We’ve had some intriguing discussion about Bitcoin at the Acton Institute offices today. It is certainly a phenomenon worth greater attention, and something of significant cultural, social and economic import. But I’m not buying Bitcoin, at least not yet. Continue Reading...