The bottom line is that banks stand to lose more than $10 billion a year in merchant fees and more than $6 billion in overdraft fees. They'll be looking to make it up somewhere — and it's likely to be from the mainstream debit card users, not just the sloppy ones.
Ubitex makes it easy for you to meet someone in person, and do the transaction face-to-face. And since you pay in cash, face-to-face, fraud is nearly eliminated.
SkepsiDyne Integrated Node is a mining company that is publicly listed on GLBSE.com under the ticker SIN. As of June 19, we've sold 1,547 shares, and sold the BTC raised for over $9,000. We currently have 9 rigs producing ~8.1 Ghash/sec.
Huge Bitcoin sell off due to a compromised account - rollback
The bitcoin will be back to around 17.5$/BTC after we rollback all trades that have happened after the huge Bitcoin sale that happened on June 20th near 3:00am (JST).
Service should be back by June 20th 10:00am (JST, 01:00am GMT) with all the trades reversed and accounts available.
See some of us are looted with mail and suited as well
But still blind like you're fluent in Braille
Friedman believed that if the money supply was to be centrally controlled (as by the Federal Reserve) that the preferable way to do it would be with a mechanical system that would keep the quantity of money increasing at a steady rate.
However, instead of government involvement at all, he was open to a "real," non-government, gold standard where money is produced by the private market: "A real gold standard is thoroughly consistent with [classical] liberal principles and I, for one, am entirely in favor of measures promoting its development."
He did however add this caveat, "Let me emphasize that this note is not a plea for a return to a gold standard.... I regard a return to a gold standard as neither desirable nor feasible—with the one exception that it might become feasible if the doomsday predictions of hyperinflation under our present system should prove correct.
A real honest-to-God gold standard is not feasible because there is essentially no government in the world that is willing to surrender control over its domestic monetary policy
China plans to build 20 cities a year for the next 20 years. The unacknowledged problem is finding buyers for those hundreds of millions of new homes.
"China consumes more steel, iron ore and cement per capita than any industrial nation in history. It's all going to railways that will never make money, roads that no one drives on and cities that no one lives in."
"It's like walking into a forest of skyscrapers, but they're all empty," he said of Chenggong.
I think Bitcoin and cryptocurrency stands to challenge and has the potential to topple the very notion of unlawful trade, just like the printing press challenged and toppled the notion of unlawful speech.
In fact, Bitcoin takes the denationalisation of money a step further than Hayek did. Where Hayek’s system requires government to remove legal tender laws and Rothbard’s requires governments to return to the gold standard, cryptocurrencies like Bitcoin have no such political prerequisites. There is no bank to shut down, no specie to seize (the downfall of the ill-fated Liberty Dollar) – nothing at all for governments to aim at, except individual users. And as the war on internet piracy should demonstrate, such a campaign cannot be other than costly and ineffective.
Democratic Senators Charles Schumer of New York and Joe Manchin of West Virginia wrote to Attorney General Eric Holder and Drug Enforcement Administration head Michele Leonhart in a letter that expressed concerns about the underground website "Silk Road" and the use of Bitcoins to make purchases there.
Both of Missouri's U.S. senators tell Fox 2 they are joining other federal lawmakers who want a drug-dealing web site shut down.
You probably have a little more time before the attacks come (maybe a couple of months?) to acquire bitcoin with cash – and there are profits in speculation to be made until then but, when the raids come, expect a sharp correction before exchange values move on to new highs over a longer period of time. What you do not want to do is be involved as an “exchange service” conducting exchanges in and out of national currencies and you definitely do not want to have your money sitting in the exchanger’s account when they are raided and shut down.
CryptoCloud is to be a cloud based computing platform (ala. Amazon AWS) that is hidden in cypherspace (inside the darknets I2P or Tor) so that their location cannot become known. This will allow anyone to easily start any kind of project that if it were illegal in whatever jurisdiction, will be able to run with impunity on CryptoCloud. So services such as Torrent sites, copies of the original Napster, and even directly selling copyrighted materials will be allowed (actually the policy as it stands is that pretty much anything will be allowed).
