Monthly Archives: November 2013

RT Venture Capital: Muslim money & extending Bitcoin influence

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“Britain is seeking money from the Middle East in its ambition to become the first country outside of the Muslim world to offer an Islamic Bond – Katie Pilbeam asks London based Market Strategist Ishaq Siddiqi if this is the way forward for the finance hub. The first ever Bitcoin ATM went live this week in a café in Vancouver, Canada. Does this breakthrough mean that the controversial coin is finally fighting off its critics – Katie asks Moscow based economist Dr William Wilson and Buenos Aires based expert Daniel Bruno for their view on the virtual currency to get a global perspective. Plus the World Bank props up Russia in its annual ‘Doing Business’ report, but there’s still a long way to go.”

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Internet Archive Scanning Center Fire — Please Help Rebuild

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“This episode has reminded us that digitizing and making copies are good strategies for both access and preservation.  We have copies of the data in the Internet Archive in multiple locations, so even if our main building had been involved in the fire we still would not have lost the amazing content we have all worked so hard to collect.  An early estimate shows we may have lost about $600,000 worth of high end digitization equipment, and we will need to repair or rebuild the scanning building.   It is in difficult times like these that we turn to our community.”

http://blog.archive.org/2013/11/06/scanning-center-fire-please-help-rebuild/

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People have bought or sold $100,000 in Bitcoins from a Vancouver ATM

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“The machine is located at a Vancouver coffee shop called Waves Coffee and is owned by another Bitcoin startup called Bitcoiniac. Kelley says the start-up has purchased five machines from Robocoin for $20,000 each. Bitcoiniac plans to deploy its machine in Toronto, Montreal, London, and Berlin. A number of other cities, including Boston, Los Angeles, and San Francisco, are slated to get Robocoin machines in early 2014.  The Vancouver machine charges a transaction fee between 3 to 5%, with the money split between Robocoin and Bitcoiniac. Since Robocoin launched, the price of Bitcoins on the Bitstamp exchange has increased from around $200 to more than $260 today.”

http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/06/people-have-bought-or-sold-100000-in-bitcoins-from-a-vancouver-atm-firm-says/

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Peter Schiff: Gold Will Have Its Day

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“There are three reasons why banks are not lending. The first one is that central banks did not let firms and businesses collapse as they should have in 2008.  Second, central bankers met with top political men and determined that banks would have to hold much higher ratios of cash to lending.  Third, the Federal Reserve and probably other central banks are paying banks NOT to lend. The electronic digits that are credited to banks are actually counted as assets and the US Fed therefore pays banks a few basis points on these ‘funds.'”

http://www.thedailybell.com/news-analysis/34723/Gold-Will-Have-Its-Day/

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Greek Dilemma: A Product of the Dialectic

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“Greek protesters rally against IMF and EU inspection. Anti-austerity demonstrators jeer, heckle and throw coins at auditors from bailout troika amid fears of more public sector cuts … Only hours before, the Greek prime minister, Antonis Samaras, had resolutely declared that Greece was not at war with the international bodies keeping the debt-stricken country afloat. But in scenes not witnessed since the beginning of Greece’s economic crisis, auditors from the European Union and International Monetary Fund came face-to-face with the full force of anti-austerity anger as protesters in Athens jeered, heckled and stopped them from leaving the finance ministry.”

http://www.thedailybell.com/news-analysis/34726/The-Greek-Dilemma-Is-the-Product-of-the-Dialectic/

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Second NM driver gets cavity searched after stop for failure to signal

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“Police reports state deputies stopped Timothy Young because he turned without putting his blinker on.  Again, Leo the K-9 alerts on Young’s seat.  Young is taken to the Gila Regional Medical Center in Silver City, and just like Eckert, he’s subjected to medical procedures including x-rays of his stomach and an anal exam.  Again, police found nothing, and again the procedures were done without consent, and in a county not covered by the search warrant.  We’ve learned more about that drug dog, Leo, that seems to get it wrong pretty often. He might be getting it wrong because he’s not even certified in New Mexico.”

http://www.kob.com/article/stories/S3210356.shtml

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IBM exec: Bitcoin ‘technological cat is out of the bag’

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“Bitcoin, the world’s first decentralised digital currency, entered mainstream consciousness this year: Bitcoin-focused startups are accessing venture capital and industry commentators talk about it as an important international payment mechanism of the future. But are we interpreting its significance too narrowly? In this video, Richard Brown, IBM Executive Architect for Banking and Financial Markets Industry Innovation, argues that Bitcoin’s true significance lies in its potential as a global digital asset register and in the lessons it teaches us for design of complex distributed systems.”

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Vitalik Buterin: Bitcoin Is A Transition Technology

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“Vitalik Buterin Networks With IamSatoshi.”

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Bitcoin developer: Bitcoin Is Not Broken

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“Lead Bitcoin developer Gavin Andresen is skeptical, saying that even if the potential attack described in the paper works, its claim that it could ultimately fundamentally break the currency is based on a series of bad assumptions. ‘I’m not convinced it’s correct and I don’t think it’s been peer-reviewed,’ said Andresen by phone from Australia. Andresen, who had read the 17-page research paper about a problem in Bitcoin’s core protocol that would allow selfish miners to build longer branches on the blockchain secretly and cut other honest ‘miners’ out from getting Bitcoins for their work, did not have an immediate pronouncement on whether the vulnerability exists or not.”

http://www.forbes.com/sites/kashmirhill/2013/11/06/bitcoin-is-not-broken/

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Why Small Businesses Have The Most To Gain From Bitcoin

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“There’s a market for buying handmade baby goods with Bitcoin, and at least one innovative mom-and-pop shop has swooped in to fill that need.  For the United Kingdom’s Cozee Baby, business is booming. Since Kasia Styczynska and her software developer husband, Maciej began accepting the popular cryptocurrency, Maciej said Bitcoin payments are second only to PayPal.  The Styczynskas are part of a tiny but growing trend of small businesses that accept Bitcoin. SpendBitcoins and the Bitcoin Yellow Pages list hundreds of local shops that name Bitcoin as an accepted payment method.”

http://readwrite.com/2013/11/06/why-small-businesses-have-the-most-to-gain-from-bitcoin

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