Western Union Says Bitcoin Not Ready For Primetime

“A slide from Emerging Risk of Digital Currency presentation: ‘Worldwide use of bitcoin is growing, but there is not sufficient use and liquidity yet for massive adoption. Also, consumer interfaces to bitcoin are not sufficiently mature yet: ease of use, clarity of transactions, taxation issues, etc.  And…many regulatory issues are yet to be adequately addressed.’  It is also explicitly stated in one of the slides that: ‘Western Union does not have commercial relationships with Digital Currency companies or providers who buy, sell or trade in digital currencies and will also prohibit consumers from using Western Union services if it is determined transactions are associated with E-Currency.'”

http://bitcoinmagazine.com/7692/western-union-says-bitcoin-not-ready-for-primetime/

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Gallup Poll Finds 58% of Americans Support Legalizing Marijuana

“According to a new Gallup poll, 58 percent of Americans support legalizing marijuana—the largest percentage ever in that survey. ‘Success at the ballot box in the past year in Colorado and Washington may have increased Americans’ tolerance for marijuana legalization,’ Gallup says. ‘Support for legalization has jumped 10 percentage points since last November and the legal momentum shows no sign of abating.’  Gallup cites personal experience with marijuana as a possible factor in rising support for legalization, noting that ‘a sizable percentage of Americans (38%) this year admitted to having tried the drug.'”

http://reason.com/blog/2013/10/22/gallup-poll-finds-58-of-americans-suppor

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Banking For the Unbanked Billions: Could Bitcoin Replace all of Wall Street?

“The second in a series on the Breakthrough Benefits of Bitcoin, this episode highlights bitcoin’s ability to provide full banking services for over half the world’s population, the unbanked billions. Few realize how badly the unbanked epidemic has hit even the US. Can leapfrogging technology, like bitcoin provide the ultimate solution?”

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Drivers would rather buy a self-driving car from Google than Ford

“Research has found that drivers would rather buy a self-driving car from Google than from a carmaker like Ford.  The KPMG study ‘Self Driving Cars: Are We Ready?’ was based on a combination of surveys and collated ‘web chatter’ and showed that Google was the brand most associated with autonomous motoring, followed by Nissan, after the latter firm’s pledge to produce a self-driving vehicle by 2020.  What will have been particularly alarming for vehicle manufacturers is that the KPMG study showed a distinct bias against American carmakers over Japanese ones, despite the respondents being 100 percent American.”

http://www.theinquirer.net/inquirer/news/2300461/drivers-would-rather-buy-a-self-driving-car-from-google-than-ford

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31 Haunting Images of Abandoned Places That Give You Goose Bumps

“They say that the only permanent thing in the world is change. History books are one way to understand the passage of time, but there are also some real-life monuments that speak of the past in their own ways. Here’s a selection of some of the most ghostly abandoned places around the world, every single one of which has its own special charm. Beneath all the dust, rust and cracks, there are stories of people who used to live, pray, or take their daily train rides there, and when you try to imagine these people and their lives, each picture gets a special aura of nostalgia. It’s as if the people in these places just picked up and left.”

http://www.boredpanda.com/abandoned-places/

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The Invisible Plumbing Of Our Economy

“It turns out the money collected on Kickstarter is handled by Amazon. Great, we figure: This is the company that will sell you anything on the planet and get it you you the next day. And what we need in this case isn’t even a thing, really. We just need Amazon’s bank to send money electronically to a checking account at Chase bank. It’s just information traveling over wires. How long could it take: A minute? An hour?  It took five days.  On today’s show: Why the invisible pipes that move money around America are so slow. (And why the ones in England are so much faster.)”

http://www.npr.org/blogs/money/2013/10/04/229224964/episode-489-the-invisible-plumbing-of-our-economy

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Fifty Ways to Leave Leviathan

“Compared with politics or the slow road of mass education, the work of hacking Leviathan through innovation is a promising road forward. Something’s happening. It’s like the Singularity for civil disobedience. Pandora’s box. Perhaps a series of innovation tidal waves. A whole lot of people are participating in a great unfolding. And if you’re drawing up grand social engineering plans, throw them out. The world is about to get a lot more dynamic.  Here are just 50 ways people are working around State obstacles.”

http://www.fee.org/the_freeman/detail/fifty-ways-to-leave-leviathan

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Universities to MOOCs: We Will Assimilate You

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“Alternative providers and platforms such as Khan Academy, TED, and the Mises Academy are offering modular, flexible, and specialized alternatives to the medieval model that continues to dominate the establishment universities. And everyone is talking about MOOCs, ‘Massively Online Open Courses,’ offered by standalone firms or in partnerships with established universities. Lately some traditional universities have been trying a new strategy. An article Slate describes this trend, focusing on a ‘flipped’ model in which students watch lectures at home, online, and do problems and exercises in class, with the help of instructors and classmates.”

http://www.lewrockwell.com/2013/09/peter-klein/universities-are-terrified/

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Why the Higher Education System Is Unsustainable (i.e. Doomed)

“That which is unaffordable is unsustainable and will go away. The current system of higher education is profoundly unaffordable: it exists on an immoral foundation of student debt–$560 billion of which is Federal. Enormous expansions of student debt are required to keep the current system of higher education afloat. This chart shows the insane trajectory of Federal student debt.  But unaffordability is only one reason why the present system of higher education is unsustainable.  Despite the good intentions and hard work of individuals, these systems are broken.  Due to their size and structure, large systems such as national defense, healthcare and education limit the impact of individual initiative.”

http://charleshughsmith.blogspot.com/2013/09/why-higher-education-system-is.html

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The Smartphone Wars: Nokia gives it up for Microsoft

“If Elop was a mole, what were his instructions? ‘Elop. Go forth. Destroy Nokia so we can buy things we already effectively control for huge amounts of money.’  I’m put in mind of the wave of mergers in the 1980s among mainframe computer manufacturers, what we called at the time ‘dinosaurs mating’. Those didn’t make any sense either; when you merge two huge, doomed, inefficient thunder-lizards together you don’t tend to get a mammal.  Meanwhile – and of course – Android continues to stomp its competition flat. Even the post-Jobs Apple can’t stem the tide; it’s pretty close to the 10% niche market share I predicted back in 2009 already, with no sign that trend will or can be reversed.”

http://esr.ibiblio.org/?p=5039

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