Date: November 08, 2012
Filed in: frontpage, howto

Secure and professional Bitcoin OTC exchanges

The article Necessary conditions for the long-term success of Bitcoin has shown why widespread availability of over-the-counter (OTC) Bitcoin exchangers is crucial for Bitcoin to succeed in the long-run and give us more freedom. This article will explain how to exchange Bitcoin OTC securely and professionally. It should be of interest for Bitcoin users who want to get their coins anonymously from OTC exchangers and for people who want to earn a second income as Bitcoin OTC exchangers in the counter-economy.

If you are dealing Bitcoin on the OTC market you have to consider two kinds of enemies: the state and evil customers (for example, fraudsters). To deal securely you have to mitigate the corresponding risks. That is, you have to drive up the cost of a successful attack and make it unlikely.

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Date: November 07, 2012
Filed in: frontpage, opinion

Necessary conditions for the long-term success of Bitcoin

In this article I present my answer to the the question: What does Bitcoin need to succeed in the long-run? Before we consider the question, let’s put Bitcoin into the wider context of the counter-economy.

The Counter-Economy

The counter-economy (a.k.a. the informal economy) in general is all economic activity which is not fully regulated, taxed, or controlled by the state. In its simplest form it is a Lemonade stand which operates without a license, it partly includes a mom-and-pop store which optimizes its taxes by running some of its business off the books, and in the dark corners of it you can find completely separate market places like Silk Road.

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