“Bitcoin, a form of digital e-money stored in a virtual wallet, bypasses banks, allows users to remain anonymous and came to the Chinese public eye in April this year, when movie star Jet Li’s One Foundation received a donation of several hundred Bitcoin to help quake-stricken Sichuan. The ‘currency’ has been heating up ever since, especially when China Central Television reported on the evening news of October 28 that Canada has set up the first Bitcoin ATM machine. Investors went even crazier when the country’s largest Bitcoin trading platform, BTC China, received an investment of 5 million U.S. dollars on Monday.”
Monthly Archives: November 2013
Keiser Report: Bitcoin is Beautiful

“In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss bitcoin barbarians at the gate as U.S. cedes dominance to China and as nations and people around the world reject U.S. made technology due to NSA spying. In the second half, Max interviews Karl Gray and Austin Craig about the documentary film, Life On Bitcoin, and about the latest in crypto-currencies, including Litecoin.”
The Pros and Cons of Bitcoin – What You Need to Know!

“Does it matter that Bitcoins are backed by nothing? What happens when the power goes out? These and other essential Bitcoin questions are addressed by Stefan Molyneux, Host of Freedomain Radio!”
How Many Die From Medical Mistakes in U.S. Hospitals?

“In 2010, the Office of Inspector General for Health and Human Services said that bad hospital care contributed to the deaths of 180,000 patients in Medicare alone in a given year. Now comes a study in the current issue of the Journal of Patient Safety that says the numbers may be much higher — between 210,000 and 440,000 patients each year who go to the hospital for care suffer some type of preventable harm that contributes to their death, the study says. That would make medical errors the third-leading cause of death in America, behind heart disease, which is the first, and cancer, which is second.”
http://www.propublica.org/article/how-many-die-from-medical-mistakes-in-us-hospitals
$1bn payout expected as Russian regulator pulls plug on ‘dubious’ bank

“Russia’s Central Bank (CBR) has revoked the license of Master Bank over $61 million in alleged illegal banking transactions. Over 1000 ATMs are frozen, and the head office is being raided by police. Massive money laundering operations and shady aсcounting prompted the regulator to withdraw the license, part of a larger overhaul to close down corrupt banks in Russia. The withdrawal of Master Bank’s license means that its estimated $1.5 billion (47.4 billion rubles) in private funds are now frozen, with Russia’s Deposit Insurance Agency promising to pay out $917 million (30 billion rubles) to bank customers by December 4.”
Bitcoin Auction Site Puts Itself Up for Sale After Theft of 15 Bitcoins

“Another day, another bitcoin-related story of a hacking intrusion and BTC theft. According to people that have provided documentation to CoinDesk, as well as information posted on theBitcointalk forum, the auction siteBitmit had 15 BTC stolen, after the server was accessed by an employee of their hosting company without authorization. This theft, along with the effort and responsibility of securing an auction site that has escrow functionality, were the two largest factors in Bitmit announcing that it is being sold.”
http://www.coindesk.com/bitmit-bitcoin-auction-sale-after-theft/
36 Colorized Historical Photos Make the Past Seem Incredibly Real

“A new artistic trend has broken out around the world which changes our perception of history dramatically. Colorizing historic photographs from the late 1800′s and early 1900′s changes their appearance from something historic and different, into a scene from today. The colorful image of Albert Einstein sitting beside the water gives us an entire new perspective on the genius. He goes from a brilliant historic relic, into a living brilliance of our era. The colorized photograph of Audrey Hepburn transforms our thoughts of beauty. Her photo goes from an intriguing historic photo to one of a sexy starlet of today.”
http://indulgd.com/realistically-colorized-historical-photos/
The Dollar Is A Barbarous Relic: The Rise of Bitcoin

“People contest the dynamism of Bitcoin, and protest that this volatility is one reason why they ought to stay away from Bitcoin. And, in a way, they are right. But, when it is ready in 2-3 years, as today’s kids, who have grown up in a sea of digitality, are attracted to the decentralized crypto-currency, the price of Bitcon might already be $10,000 or more. You will be shocked where Bitcoin is in 2-3 years, which I stated to Stuart Varney on Fox Business last week. My point couldn’t have been made any better than Varney himself did when he said that he had just bought his first smartphone. People like him are years behind the curve, but they will eventually figure out what we are talking about here.”
http://dollarvigilante.com/blog/2013/11/20/the-dollar-is-a-barbarous-relic-the-rise-of-bitcoin.html
I Bought Subway With Bitcoin and It Was Awesome

“We pulled up to the small Subway shop on Hamilton Boulevard and proceeded to geek out at the sight of the bitcoin sign on the front door.’Bitcoin accepted here.’ While our sandwiches were being made we bombarded the employees with questions. They were cool about it and happy to help. I asked how many people had come in this past week to make a purchase with bitcoin. The employees looked at each other and told us that between them they have had well over one hundred bitcoin enthusiasts stop in during their short shifts alone. ‘Some told us they traveled four hours, and all they only bought a few cookies.'”
FEC: Donors can’t use Bitcoins for contributions
“The nation’s election regulator says that groups can’t receive contributions in the form of Bitcoins, at least for now. The Federal Election Commission on Thursday passed on a request by the Conservative Action Fund to use the digital currency. It had asked the FEC whether it could accept Bitcoins, how it could spend them and how donors must report those contributions. Bitcoin is a cybercurrency that is relatively anonymous and is created and exchanged independently of any government or bank. Some retailers accept it, and the currency can be converted into cash after being deposited into virtual wallets.”
http://finance.yahoo.com/news/fec-donors-cant-bitcoins-contributions-162916315.html