It looks like the NSA PRISM scandal will cost businesses in the US between $22~35 billion over the next few years. Big surprise. Would you want to store your data with a company that has no choice but to bend over for the NSA? http://www.businessinsider.com/prism-the-nsa-leaks-are-starting-to-hit-the-bottom-lines-of-tech-companies-2013-8?IR=T A separate report this month by the Information Technology &… Continue reading NSA Killing Business for Cloud Providers
Category: Money
Consumers Are Not Job Creators
It’s rather annoying to hear the worst nonsense constantly paraded around like some kind of eternal truth. That “consumers are job creators” is some of that drivel. It only takes a moment to understand why. I, along with billions of other people, am a consumer. I want a time machine. So do a lot of… Continue reading Consumers Are Not Job Creators
1 More Reason to Use Bitcoin – Feds Steal Mt. Gox Dwolla Funds
The irony here is simply sickening. The Feds have stolen funds from Mt. Gox’s Dwolla account. Don’t they see that what they are doing only gives 1 more reason to use bitcoin? They can’t seize bitcoins, so that danger is eliminated. Governments can steal your fiat stored in banks or payment processors, but they can’t… Continue reading 1 More Reason to Use Bitcoin – Feds Steal Mt. Gox Dwolla Funds
Foreign Policy’s Power Map
It is far from rare to see total BS in the media, but the following is a spectacularly skewed list. http://www.foreignpolicy.com/articles/2013/04/29/the_500_most_powerful_people_in_the_world For the sake of ease, here’s an Excel file that you can sort to have a deeper and easier look into the FUD: Foreign policy top 500 powerful people In there you’ll find all… Continue reading Foreign Policy’s Power Map
Dear Mr. Paul Krugman, About Bitcoin…
Dear Mr. Paul Krugman, I read your recent piece about Adam Smith and bitcoin. http://krugman.blogs.nytimes.com/2013/04/12/adam-smith-hates-bitcoin/ Once again, it seems all roads in economics come down to the roads. Perhaps, Mr. Krugman, you can explain how without roads, goods and services can be delivered to people efficiently? It appears that you agree with Adam Smith, and… Continue reading Dear Mr. Paul Krugman, About Bitcoin…
Canadians Bullish on Bitcoin
Over the past while I’ve noticed disparities in prices in different bitcoin exchanges. In particular, the VirtEx exchange in Canada often trades at around 10% higher than mtGox. Typical bid/ask spreads at mtGox are around 1.2% to 1.6% of the BTC price, with most bidding trading around the even dollar and $0.50 marks. It’s… Continue reading Canadians Bullish on Bitcoin
Bitcoin Hit Piece After Bitcoin Hit Piece
Mainstream news is reporting hit piece after hit piece on BITCOIN. It’s a non-stop parade of pundits all coming out to scream the horrors of bitcoin and how it is nothing but a bubble. But remember, these are the same kinds of pundits that rallied around the dot-com bubble singing its praises, and the same… Continue reading Bitcoin Hit Piece After Bitcoin Hit Piece
Bitcoin Hit $100 USD
Well, Bitcoin just hit $100 in a big way. Massive buying with orders as large as 1,000 BTC and numerous orders filled in the hundreds of BTC. It will roll back a bit, but the next time, it’ll be over $100.
The Death Knells of Fractional Reserve Banking
The collapse is coming, and the signs are everywhere. http://mises.org/daily/6394/Cyprus-and-the-Unraveling-of-FractionalReserve-Banking The coils are unwinding, and people are getting cut. Is it any wonder that Bitcoin is soaring? The fiat system is in shambles, and the free market system is exploding.
Frackin’ Reserve! for Android
Frackin’ Reserve is now available for Android! In an effort to try and help educate people about the inevitable mathematical fraud of fractional reserve banking, I’ve released an Android version. It’s 100% free. Pass it around, and let’s END THE FED! Frackin’ Reserve lets you simulate what happens in the money cycle with fractional reserve… Continue reading Frackin’ Reserve! for Android