UK gold coin sales jump on concerns over Labour’s fiscal plans
While the possibility of a capital gains hike by Labour adds to the coins’ appeal, it’s one of many potential drivers for the Mint’s increased sales.
This snazzy video by Duncan Elms shows you how Bitcoins work. The video was a staff pick at Vimeo and Visual.ly.
But why are people choosing to use Bitcoins now is unpacked by a communications expert, Paul Kemp-Robertson, during his Ted Talk.
People are actually trusting businesspeople more than they’re trusting governments and leaders. So what’s starting to happen, if you think about money, if you sort of boil money down to an essence, it is literally just an expression of value, an agreed value. So what’s happening now, in the digital age, is that we can quantify value in lots of different ways and do it more easily, and sometimes the way that we quantify those values, it makes it much easier to create new forms and valid forms of currency. In that context, you can see that networks like Bitcoin suddenly start to make a bit more sense.
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For all the people who have also heard of mining bitcoins, you should
know the facts. Most of the mining hardware that you can buy today will
be useless within a year of purchasing, and possibly never make your
money back. We already have a glut of electronic devices piling up in
our houses, and no real solution for the recycling of them. A better way
is to invest in a system where there is a massive data center that you
can purchase shares in GH’s (what is needed to make bitcoins) in an open marketplace.
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