Germany says “Ja” to Bitcoin

Despite strong opposition by the american government, Bitcoin appears to be winning some important battles. You can read more about the virtual currency in Bitcoin a virtual currency that defies the NWO.

Bitcoin recognized by Germany as legal tender @ >CNBC.com Some excerpts:

“Virtual currency bitcoin has been recognized by the German Finance Ministry as a “unit of account”, meaning it is now legal tender and can be used for tax and trading purposes in the country.”

“Bitcoins is not classified as e-money or a foreign currency, the Finance Ministry said in a statement, but is rather a financial instrument under German banking rules. It is more akin to “private money” that can be used in “multilateral clearing circles”, the Ministry said.”

” “We should have competition in the production of money. I have long been a proponent of Friedrich August von Hayek scheme to denationalize money. Bitcoins are a first step in this direction,”said Frank Schaeffler, a member of the German parliament’s Finance Committee, who has pushed for legal classification of bitcoins.”

Bitcoin: the Berlin streets where you can shop with virtual money @ The Guardian Some excerpts:

“Florentina Martens has had the same experience since opening her Parisian-style cafe Floor’s two months ago just a couple of streets away. “There is not a prototype Bitcoin payer,” she said. “It’s random people. Not only nerds, let me put it that way.” ”

” “It’s an easier way of digital payment than credit cards, which cost me a lot of money as a business and to which I’m forced to sign up for years,” she says.”

”  “The truth is, I really want to believe in it. And I like the fact that Bitcoin scares people in suits, because if this thing were to really take off, it would bankrupt a lot of bankers.” ”

“Crypto-currency experts meeting Patzer at a recent Bitcoin soiree in the back of Floor’s cafe prefer to talk of the recent dip as a correction rather than a crash, which has brought Bitcoin back to a realistic price while it has retained its underlying value.” ”

” “I would look at these spikes and corrections as the birth pangs of an entirely new system,” said Mike Gogulski, a Bitcoin developer. “It represents an opportunity to transform the way we deal with the flows of wealth and human energy.” “

TYR reads: Bitcoins Go Parabolic

Zerohedge reports about the parabolic rise in the price of the Bitcoin in the last 48 hours and its 1400% rise since the start of the year. The article rethorically asks…”which line item on the Fed’s Balance Sheet is ‘Virtual Currency Transactions’… what better way to destroy an up and coming currency competitor than to blow a bubble in it and explode it?”

We wrote about Bitcoin a couple of weeks ago in Bitcoin a virtual currency that defies the NWO. It is a brilliantly designed currency, but it can blow up…or be made to blow up. If you plan to use it, study it first and go slow.