Making Your Own Cryptocurrency Has Never Been Easier

“One such innovation is Mastercoin, a programmable layer on the Bitcoin block chain that recently announced $5 million (4,700 BTC) in investor funding.  So, what is a ‘programmable layer of Bitcoin?’ Think of it as some extra trunk space where any number of things can hitch a ride during a Bitcoin transaction—anything from airline miles or a ‘News Wire’ coin that could help users evade the Great Firewall of China. It could also allow a Silk Road successor to arise and flourish without being tethered to a central server or owner.  I recently spoke to Dominik Zynis, head of communications for the Mastercoin Foundation, who explained other potential uses of the service.”

http://motherboard.vice.com/en_ca/blog/making-your-own-cryptocurrency-has-never-been-easier

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Austrian Economics, Central Bank Disasters and the Housing Bottom

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“Business cycles are in a sense predictable because the entire economic environment is structured via central bank money printing. It is this artificiality that makes Austrian economic forecasting viable. What one can never predict, of course, is the timing of the ‘turning.’ Exactly where we are in the business cycle is uncertain, though again, one can certainly point out that we are in a precious metals bull market, even despite the recent difficulties of gold. This particular pro-metals market started early in the 2000s and may well continue until we reach a precious metals ‘mania’ of sorts as we saw in the 1970s. The only way to puncture something like that in the short term is to raise interest rates.”

http://www.thedailybell.com/exclusive-interviews/34897/Anthony-Wile-Seth-Daniels-on-Austrian-Economics-Central-Bank-Disasters-and-the-Coming-Housing-Bottom/

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Last Week’s Mortgage Applications Were at a 13-Year Low

“A large number of Americans have decided not to borrow to buy a home. Last week, applications fell 6.3%. These figures are seasonally adjusted.  This is in response to rising mortgage rates, which began in May. Since then, home sales have begun to fall. Mortgage applications had been rising for 18 months.  The Federal Reserve’s purchase of almost half a trillion dollars’ worth of mortgage bonds issued by Fannie Mae and Freddie Mac since last December was not the main cause of the decline in mortgage rates. The decline had begun in June 2009. The rise in rates came halfway through the QE3 increase, which began in December 2012.”

http://teapartyeconomist.com/2013/12/26/last-weeks-mortgage-applications-13-year-low/

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BOND New York Real Estate Will Accept Bitcoins as Payment

“BOND New York, a Manhattan-based real estate brokerage firm specializing in residential rentals and sales as well as commercial leasing, has announced it will now accept Bitcoin as payment for real estate transactions.  BOND New York is believed to be the first real estate brokerage to accept this fairly new form of currency.  ‘We are accepting Bitcoin as a service to our customers who prefer to use the digital currency as a matter of convenience. We are always looking for ways to serve our customers through technological advancement,’ expounds BOND agent, Brian Dusseau. ‘In addition we have agents who would like to be paid in bitcoins if their customer pays us in bitcoins.'”

http://finance.yahoo.com/news/bond-york-real-estate-announces-140000471.html

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Man Uses Bitcoin to Buy a Piece of Paradise in Nicaragua

“Many people dream of quitting their job, collecting their bags and jetting off to a tropical paradise forever. Many people dream, but few people act. Gregory Simon is one of the few who decided to act.  This year he moved to Nicaragua and bought a 0.3-acre plot of land with bitcoin.  A former banker, Simon first travelled to Nicaragua in mid-October after quitting his job in institutional equity at the end of 2012.  ‘The current banking system is beyond immoral. It takes advantage of the most helpless and poor people on earth,’ he said, explaining why he left banking after a 12-year-career.   He says that he’ll try to pay for the construction with bitcoin. And when I ask, he confirms that ‘yes, it will have a pool’.”

http://www.coindesk.com/man-bitcoin-buy-paradise-nicaragua/

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5 Investing Myths to Ignore in 2014

“We all know the existing debt-based monetary system with the dollar at its core no longer works in today’s globalized economy. A new monetary system is needed.  A new Bretton Woods, if you will, that learns from all the errors of the past and designs and implements a new monetary system without a single currency at its core and certainly not one based on debt.  That time is coming. That is where the world is headed, toward a new electronic reserve currency unit that is used for international trade and transactions only and with all countries maintaining their existing currencies for domestic use only.  The dollar will lose its reserve status, but it will survive as our sovereign currency.”

http://www.moneyandmarkets.com/5-investing-myths-to-ignore-in-2014-57238

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Bitcoin paradise

“Set in a secluded valley 17 kilometres from Curacavi, Chile, on the road between Santiago and the luxurious beach resort of Viña del Mar, Galt’s Gulch is a mere forty-five minutes by car from the Santiago airport, but, as Mr Johnson says, ‘it feels like you’re at the end of the Earth.’ Yet his goal is not isolationist, he adds. ‘We’re not trying to hide from the world. In fact we want people to find us.’  Lots are priced in both dollars and Bitcoin, with big discounts for buyers who pay in that crypto-currency. Many early adopters of Bitcoin find themselves sitting on small fortunes, and Mr Johnson hopes to tempt them to diversify into real estate.”

http://www.economist.com/blogs/schumpeter/2013/12/libertarian-enclaves

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Wealthy Chinese gobbling up Silicon Valley homes

“Ken DeLeon—named by The Wall Street Journal as the country’s most successful real estate agent—said he has done close to $300 million in sales this year and that the market has never been hotter.  DeLeon said that in the past year he has sold more than 20 luxury residences in the Palo Alto area to buyers from mainland China, Taiwan and Hong Kong. Most of those buyers are looking for houses in the $2 million-plus range, he said.   Business is so brisk that the agent recently bought a Mercedes bus to shuttle his Chinese customers around the valley.  They are serious buyers, he said; several have bought modest houses on a decent-sized lot, then undertaken ambitious renovations.”

http://www.cnbc.com/id/101168745

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New York Property Firm Offers Steep Discount For Bitcoin Payments

A property listings site in the US has started giving a large discount to users who advertise on the site and pay in bitcoin. The listings site, called RentHop, is offering landlords and agents who advertise properties in New York a discount of up to 60% if they pay for their adverts in bitcoin. The site currently has about 87,000 listings for New York.  RentHop’s co-founder Lawrence Zhou said bitcoin payments would help solve some of the niggling problems in the New York property business, like tenants having to obtain a cashier’s check to pay the deposit on a lease.  Zhou added that bitcoin transactions also removed the possibility of chargebacks on credit card payments.”

http://www.coindesk.com/new-york-property-firm-steep-discount-bitcoin-payments/

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Uruguay: Decline of the Green Revolution and the Future of Farming

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“We are happy to see the progress of Doug Bell’s project, as he is offering an alternative to securities investing and one that is an unusual asset class. Uruguay itself, meanwhile, continues to attract attention and was recently named the ‘country of the year’ by the Economist magazine. Often called the Switzerland of South America, it is being reported that there are forces at work trying to develop Uruguay into a kind of Latin American Silicon Valley that will draw clients from Europe.  The definitive change that is coming to Uruguay will happen because of the recent legalization of marijuana. In the meantime, Uruguay will continue to be known for its organic produce and meats.”

http://www.thedailybell.com/exclusive-interviews/34856/Anthony-Wile-Doug-Bell-on-the-Decline-of-the-Green-Revolution-and-the-Future-of-Farming/

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