Monthly Archives: March 2014

Britain’s first physical Bitcoin shop opens in London

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“An entrepreneur has opened the first shop in Europe where Bitcoins can be bought over the counter.  Normally it can take weeks to set-up an account and purchase the digital currency over the internet – but Akin Fernandez simply prints off a voucher so they can be accessed immediately.  The user then enters a 16-digit code and the Bitcoins are transferred to the designated virtual wallet within 70 seconds.  Mr Fernandez, 51, has opened his Azteco shop in Shoreditch, central London, and hopes to set up similar outlets around the world. The entrepreneur likened his vouchers to Pay As You Go top ups for mobile phones.”

http://www.dailymail.co.uk/news/article-2562854/Bitcoin-Its-not-just-online-Britains-physical-shop-virtual-currency-bought-opens-London.html

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Robocoin Bitcoin ATM to Debut in North America’s Largest Mall

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“Las Vegas-based bitcoin ATM provider Robocoin has announced that its newest unit will open for business on 26th February at the West Edmonton Mall in Alberta, Canada, the largest shopping center in North America, and until the 2000s, the biggest shopping mall in the world.  Inspired by traditional urban bazaars, West Edmonton Mall includes 5.3 million square feet of retail space, features more than 800 stores and sees 30.8 million visitors annually. As if this wasn’t enough, the mall boasts an ice skating rink, a water park and the world’s largest indoor amusement park.”

http://www.coindesk.com/bitcoin-atm-debut-north-america-largest-mall/

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Ron Paul: Feds shouldn’t ‘interfere’ with bitcoin

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“As concerns mount about the future of bitcoin, Ron Paul said Tuesday that the government should not regulate virtual currencies, even as a major exchange collapsed this week, costing traders hundreds of millions of dollars.  Paul believes bitcoin could create positive competition with government currencies, such as the dollar, he said.  The collapse of Mt. Gox may give new momentum to efforts in Washington to regulate bitcoin. But Paul disagrees with calls to regulate bitcoin and its exchanges, as long as the service operates within the law and is not fraudulent.  Paul said there’s no need to regulate bitcoin, because the markets will. ‘I think the market is much tougher,’ he said.”

http://thehill.com/blogs/regwatch/199214-ron-paul-feds-shouldnt-interfere-with-bitcoin

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Bitcoin owners find safe place for digital currency: on paper

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“Some savvy bitcoin investors have a solution to cyber-thieves and instability shaking online exchanges: they print out their virtual savings and hide them in the real world.  Touted by advocates as a new, digital type of money that could one day replace real-world cash, bitcoins can also be stored like traditional currencies, locked up in a safe, or hidden in a shoe box.  Every virtual wallets used to hold bitcoins has a unique, private number. Recording that number on a piece of paper or a thumb drive, for instance, keeps a wallet’s contents out of reach of anyone online, criminal or not.”

http://www.reuters.com/article/2014/02/28/us-bitcoin-mattress-idUSBREA1R00P20140228

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Trace Mayer on all things Bitcoin

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“Entrepreneur, investor and early Bitcoin thought-leader Trace Mayer sat down with Money & Tech’s Jered Kenna to talk about all things Bitcoin and digital currency, from predictions around the current arrests and regulation conversations, to the benefits of Bitcoin as ‘the first practical implementation of triple-entry bookkeeping,’ and the immense possibility of the higher-level decentralized distributed ledger concept, to -ultimately- why it’s so important to hold onto your own private keys.  As Trace Mayer puts it, innovating on the old saying ‘He who has the gold makes the rules,’ it’s increasingly becoming ‘He who holds the private keys makes the rules.'”

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Truth and Consequences of Fed Money Printing

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“Don’t be persuaded by the theory that the dollar is invulnerable … that inflation is dead … or that none of this really matters.  Above all, don’t let anyone talk you out of protective investments. Indeed, the same investments that can help shield you from the consequences of the Fed’s folly also have the potential to deliver some of the greatest profit bonanzas of this era.  Our editors are continually scouring the globe for the best opportunities at the best time.  Today, I want to set the stage by taking you on a tour through time — to help you experience the consequences of central bank money printing … and to see the fortunes that can be lost, or made, as a result.”

http://www.moneyandmarkets.com/truth-and-consequences-of-fed-money-printing-58779

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The “Institutional Investor” Housing Bubble Just Burst

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“Metro areas with big drops in institutional investor share from a year ago included Cape Coral-Fort Myers Fla. (down 70 percent), Memphis, Tenn., (down 64 percent), Tucson, Ariz., (down 59 percent), Tampa, Fla., (down 48 percent), and Jacksonville, Fla., (down 21 percent).  Institutional investors are still hoping there is some last minute cash to be made in some remaining markets.  Counter to the national trend, 23 of the 101 metros analyzed in the report posted year-over-year gains in institutional investor share, including Atlanta (up 9 percent), Austin, Texas, (up 162 percent), Denver (up 21 percent), Cincinnati (up 83 percent), Dallas (up 30 percent), and Raleigh, N.C. (up 15 percent).”

http://www.zerohedge.com/news/2014-02-27/institutional-investor-housing-bubble-just-burst

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Singapore: A Case of Libertarian Orientalism?

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“Raffles was the one who started the whole thing and say this was going to be a free trade place and this free trade principle has never been touched in the last 150 years. Therefore Singapore really if you look at all those international indicators, Singapore scores extremely well; very little regulation; a foreigner can create a company; multinational companies can come in, no problem. It’s all very easy. The hair in the soup; big hair this time, we’re talking about government enterprises and investments. Here Singapore only scores 7 in the Frasier Institute report. The score of 7 meant when the government invests between 20 and 25 percent in total investments.”

http://isil.org/singapore-a-case-of-libertarian-orientalism/

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Colorado’s New Cannabis Economy

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“What would have happened if one or two states had somehow managed to legalize alcohol during prohibition? Most likely, those states would have become centers of entrepreneurship with retail outlets, medicines, and innovation in equipment, machinery, and other forms of capital related to alcohol-related industries.  With the recent legalization of recreational cannabis use in both Washington state and Colorado, we’re able to see a similar experiment in action.  While the 18th Amendment prohibiting alcohol production and sales precluded state-level legalization, federal drug laws enjoy no such constitutional backing.”

http://mises.org/daily/6669/Colorados-New-Cannabis-Economy

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DEA Agent Joins Marijuana Industry

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“While Washington State is still adjusting to many changes since legalizing recreational marijuana—from growing space size to the number of licenses to give out—one of the biggest changes may be Drug Enforcement Agency (DEA) employees going to work in the private sector. Reason TV sat down with Patrick Moen, a former supervisory special agent with the DEA, who now works as compliance director and senior counsel at Privateer Holdings, a private equity firm that invests in cannabis.”

http://reason.com/blog/2014/03/01/former-dea-agent-becomes-senior-counsel

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