Spitfire List Web site and blog of anti-fascist researcher and radio personality Dave Emory.
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The Big Bitcoin Bet, Part 2: Big Money to Buy Bitcoin, and Other Bad Ideas

2014 could have been better for Bitcoin. After peaking near $1100 in December 2013, Bitcoin is currently under $250. 2014 was not a good year for Bitcoin.

But that doesn’t mean 2015 has to be the same. And if a slew of recent announcement involving some very big investors are any indication of what to expect, the mainstreaming Bitcoin is about to get a big boost. But that boost could come with a big price too. All those “microtransactions” of as little as 0.000000001 of one bitcoin (BTC) that much of the Bitcoin community hates so much is precisely what these deep pocketed interests are planning on promoting in a big way. And in order to make it all happen, they might have to become some of the biggest bitcoin miners around too. And that means the future of Bitcoin is increasing in the hands of ‘The Man’. Also, the microtransactions might be used to monetize how we access the web. And how the Internet of Things spies on us. It doesn’t actually sound very fun.


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