Topic: Bitcoin press hits, notable sources - page 38. (Read 430922 times)
...
The FBI writes:
“Attempts to undermine the legitimate currency of this country [ie. unconstitutional Federal Reserve notes] are simply a unique form of domestic terrorism,” U.S. Attorney Tompkins said in announcing the verdict. “While these forms of anti-government activities do not involve violence [ie. they are voluntary systems with no victim], they are every bit as insidious and represent a clear and present danger to the economic stability of this country [ie. their widespread adoption may collapse the corrupt banking system],” she added. “We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.” [ie. we will engage in acts of domestic terrorism to prevent the voluntary trade of private property.]
The FBI writes:
“Attempts to undermine the legitimate currency of this country [ie. unconstitutional Federal Reserve notes] are simply a unique form of domestic terrorism,” U.S. Attorney Tompkins said in announcing the verdict. “While these forms of anti-government activities do not involve violence [ie. they are voluntary systems with no victim], they are every bit as insidious and represent a clear and present danger to the economic stability of this country [ie. their widespread adoption may collapse the corrupt banking system],” she added. “We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.” [ie. we will engage in acts of domestic terrorism to prevent the voluntary trade of private property.]
I find the last part extremely hilarious, "legitimacy of our democratic form of government.”
Yeh, very democratic of you. Someone should really explain to the American government what democratic means.
It's newspeak. They know what it means, they also know what most readers believe it means.
...
The FBI writes:
“Attempts to undermine the legitimate currency of this country [ie. unconstitutional Federal Reserve notes] are simply a unique form of domestic terrorism,” U.S. Attorney Tompkins said in announcing the verdict. “While these forms of anti-government activities do not involve violence [ie. they are voluntary systems with no victim], they are every bit as insidious and represent a clear and present danger to the economic stability of this country [ie. their widespread adoption may collapse the corrupt banking system],” she added. “We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.” [ie. we will engage in acts of domestic terrorism to prevent the voluntary trade of private property.]
The FBI writes:
“Attempts to undermine the legitimate currency of this country [ie. unconstitutional Federal Reserve notes] are simply a unique form of domestic terrorism,” U.S. Attorney Tompkins said in announcing the verdict. “While these forms of anti-government activities do not involve violence [ie. they are voluntary systems with no victim], they are every bit as insidious and represent a clear and present danger to the economic stability of this country [ie. their widespread adoption may collapse the corrupt banking system],” she added. “We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.” [ie. we will engage in acts of domestic terrorism to prevent the voluntary trade of private property.]
I find the last part extremely hilarious, "legitimacy of our democratic form of government.”
Yeh, very democratic of you. Someone should really explain to the American government what democratic means.
BetaBeat picks up on the indybay.org article about goldbarrick.
I think it's an interesting concept - but I imagine the 'green' credentials of Bitcoin aren't exactly strong given the current reliance on inefficient GPU mining.
Perhaps it's reasonable to argue Bitcoin is 'least worst' from a social responsibility standpoint, but I'd be a little hesitant to trumpet this line as a serious PR argument.
I guess if someone raises electricity consumption as an argument against bitcoin, this does make a good comparison and helps put the tradeoffs in perspective.
Quote
Bitcoin as a More Socially Responsible Alternative to Gold
Adrianne Jeffries
2011-08-30
http://www.betabeat.com/2011/08/30/bitcoin-as-a-more-socially-responsible-alternative-to-gold/
Adrianne Jeffries
2011-08-30
http://www.betabeat.com/2011/08/30/bitcoin-as-a-more-socially-responsible-alternative-to-gold/
I think it's an interesting concept - but I imagine the 'green' credentials of Bitcoin aren't exactly strong given the current reliance on inefficient GPU mining.
Perhaps it's reasonable to argue Bitcoin is 'least worst' from a social responsibility standpoint, but I'd be a little hesitant to trumpet this line as a serious PR argument.
I guess if someone raises electricity consumption as an argument against bitcoin, this does make a good comparison and helps put the tradeoffs in perspective.
I doubt that there is much of a difference between mining gold and mining BTC in terms of "efficiency".
People will invest into mining BTC/gold close to the expected value of BTC/gold at time of sales. If prices go up, they will invest more.
In today's capitalism, there are ecological/social costs that the miner does not have to cover. Gold miners pollute rivers and destroy forests, BTC miners pollute air and also to a degree need resources for their equipment that destroy the environment free of charge.
Comparing efficiency of the transactions I'm sure BTC is very competitive as again people will not invest as much into the BTC backbone as people pay fees once the mining of new BTC is over. Gold transactions and storing gold costs much more.
here is one:
Bitcoin: FBI Admits To Engaging In Infiltration, Disruption and Dismantling of Competing Currencies
http://www.libertariannews.org/2011/08/30/bitcoin-fbi-admits-to-engaging-in-infiltration-disruption-and-dismantling-of-competing-currencies/
Bitcoin: FBI Admits To Engaging In Infiltration, Disruption and Dismantling of Competing Currencies
http://www.libertariannews.org/2011/08/30/bitcoin-fbi-admits-to-engaging-in-infiltration-disruption-and-dismantling-of-competing-currencies/
Those guys seem to forget that bitcoin is not a USA-based currency. It's international. As a french person, it seems to me that the US government is not minding its own business.
Fucking bastards.
here is one:
Bitcoin: FBI Admits To Engaging In Infiltration, Disruption and Dismantling of Competing Currencies
http://www.libertariannews.org/2011/08/30/bitcoin-fbi-admits-to-engaging-in-infiltration-disruption-and-dismantling-of-competing-currencies/
...
The FBI writes:
“Attempts to undermine the legitimate currency of this country [ie. unconstitutional Federal Reserve notes] are simply a unique form of domestic terrorism,” U.S. Attorney Tompkins said in announcing the verdict. “While these forms of anti-government activities do not involve violence [ie. they are voluntary systems with no victim], they are every bit as insidious and represent a clear and present danger to the economic stability of this country [ie. their widespread adoption may collapse the corrupt banking system],” she added. “We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.” [ie. we will engage in acts of domestic terrorism to prevent the voluntary trade of private property.]
Enjoy the read.
Bitcoin: FBI Admits To Engaging In Infiltration, Disruption and Dismantling of Competing Currencies
http://www.libertariannews.org/2011/08/30/bitcoin-fbi-admits-to-engaging-in-infiltration-disruption-and-dismantling-of-competing-currencies/
...
The FBI writes:
“Attempts to undermine the legitimate currency of this country [ie. unconstitutional Federal Reserve notes] are simply a unique form of domestic terrorism,” U.S. Attorney Tompkins said in announcing the verdict. “While these forms of anti-government activities do not involve violence [ie. they are voluntary systems with no victim], they are every bit as insidious and represent a clear and present danger to the economic stability of this country [ie. their widespread adoption may collapse the corrupt banking system],” she added. “We are determined to meet these threats through infiltration, disruption, and dismantling of organizations which seek to challenge the legitimacy of our democratic form of government.” [ie. we will engage in acts of domestic terrorism to prevent the voluntary trade of private property.]
Enjoy the read.
Paypal isn't a currency.
If people want to call Paypal a currency, then perhaps the Royal Bank of Scotland also a currency.
If people want to call Paypal a currency, then perhaps the Royal Bank of Scotland also a currency.
Quote
Online Currencies on the Rise
Alyssa Carducci
2011-08-31
http://news.heartland.org/newspaper-article/2011/08/31/online-currencies-rise
“Most electronic currencies have not been currencies at all, but rather online clearinghouses for trading traditional currencies or commodities,” says Jim Harper, director of Information Policy Studies at the Cato Institute.
Bitcoin is closer to an actual currency that travels from hand to hand than PayPal, Harper says..
Just counting up the good things and the bad things, I think Bitcoin falls on the good side. But I think it will take some time for people to trust it, and people should be cautious with it,” Harper said.
Alyssa Carducci
2011-08-31
http://news.heartland.org/newspaper-article/2011/08/31/online-currencies-rise
“Most electronic currencies have not been currencies at all, but rather online clearinghouses for trading traditional currencies or commodities,” says Jim Harper, director of Information Policy Studies at the Cato Institute.
Bitcoin is closer to an actual currency that travels from hand to hand than PayPal, Harper says..
Just counting up the good things and the bad things, I think Bitcoin falls on the good side. But I think it will take some time for people to trust it, and people should be cautious with it,” Harper said.
Quote
Riding the Silk Road: the flourishing online drug market authorities are powerless to stop
James Robertson
2011-08-30
http://www.smh.com.au/technology/technology-news/riding-the-silk-road-the-flourishing-online-drug-market-authorities-are-powerless-to-stop-20110830-1jj4d.html
"The "postmen" offer one gram of marijuana for around $20 – or 1.87 bitcoins, the currency used on the website. According to the Australian Crime Commission this price is roughly in line with national median street prices for a gram of marijuana.
Bitcoin is the peer-to-peer online currency favoured by people who prefer to keep their transactions anonymous. Their value fluctuates wildly: one bitcoin is today worth around $11 Australian dollars; at the start of June it was worth $30."
James Robertson
2011-08-30
http://www.smh.com.au/technology/technology-news/riding-the-silk-road-the-flourishing-online-drug-market-authorities-are-powerless-to-stop-20110830-1jj4d.html
"The "postmen" offer one gram of marijuana for around $20 – or 1.87 bitcoins, the currency used on the website. According to the Australian Crime Commission this price is roughly in line with national median street prices for a gram of marijuana.
Bitcoin is the peer-to-peer online currency favoured by people who prefer to keep their transactions anonymous. Their value fluctuates wildly: one bitcoin is today worth around $11 Australian dollars; at the start of June it was worth $30."
While stories like this are a bit annoying as far as failing to provide more balance when referring to bitcoin - I think it's interesting to note that Hawala money transfer systems have also had much bad publicity but of course remain in operation throughout the world.
e.g Time Magazine in 2001 wrote about Hawala as a 'Banking System Built for Terrorism'
http://www.time.com/time/world/article/0,8599,178227,00.html
and the world bank talks of 'The nexus of drug trafficking and hawala in Afghanistan'
http://siteresources.worldbank.org/SOUTHASIAEXT/Resources/Publications/448813-1164651372704/UNDC_Ch6.pdf
BetaBeat picks up on the indybay.org article about goldbarrick.
I think it's an interesting concept - but I imagine the 'green' credentials of Bitcoin aren't exactly strong given the current reliance on inefficient GPU mining.
Perhaps it's reasonable to argue Bitcoin is 'least worst' from a social responsibility standpoint, but I'd be a little hesitant to trumpet this line as a serious PR argument.
I guess if someone raises electricity consumption as an argument against bitcoin, this does make a good comparison and helps put the tradeoffs in perspective.
Quote
Bitcoin as a More Socially Responsible Alternative to Gold
Adrianne Jeffries
2011-08-30
http://www.betabeat.com/2011/08/30/bitcoin-as-a-more-socially-responsible-alternative-to-gold/
Adrianne Jeffries
2011-08-30
http://www.betabeat.com/2011/08/30/bitcoin-as-a-more-socially-responsible-alternative-to-gold/
I think it's an interesting concept - but I imagine the 'green' credentials of Bitcoin aren't exactly strong given the current reliance on inefficient GPU mining.
Perhaps it's reasonable to argue Bitcoin is 'least worst' from a social responsibility standpoint, but I'd be a little hesitant to trumpet this line as a serious PR argument.
I guess if someone raises electricity consumption as an argument against bitcoin, this does make a good comparison and helps put the tradeoffs in perspective.
Quote
Try Bitcoin
2011-08-30
http://www.practicalecommerce.com/podcasts/episode/1668-Try-Bitcoin#
"Bitcoin is a new virtual currency, designed for use over the internet. It works with a free, open-source program, and is independent of any centralized banking system. It offers a free API for easy integration with your website, and has transaction fees on the order of 0.02%. Though Bitcoin is still a fairly new and volatile currency, it might be worth trying out."
2011-08-30
http://www.practicalecommerce.com/podcasts/episode/1668-Try-Bitcoin#
"Bitcoin is a new virtual currency, designed for use over the internet. It works with a free, open-source program, and is independent of any centralized banking system. It offers a free API for easy integration with your website, and has transaction fees on the order of 0.02%. Though Bitcoin is still a fairly new and volatile currency, it might be worth trying out."
The quoted text is the entirety of the piece, and the audio is the same.
It's interesting to see a no-nonsense item like this being communicated to people in ecommerce. When it comes to the point that merchants are most focused on 'what does it cost' and 'how do I make it work with my system' - it'll be a sign that bitcoin has ridden out the storm of side-issues and FUD.
About Practical eCommerce:
Quote
Practical eCommerce was launched in July 2005 by Kerry and Joy Murdock in Grand Junction, Colorado, U.S. Its mission is to provide down-to-earth articles and advice to help smaller businesses succeed online.
We originally delivered this editorial content primarily through a monthly, printed magazine. But it now (2011) includes this website, three audio podcasts, two email newsletters, educational webinars and a companion site, Ecommerce Developer, for coders, designers and developers of ecommerce sites, but no printed magazine.
We are a small business ourselves, and we take seriously the task of helping other businesses migrate online or improve their online operations.
We originally delivered this editorial content primarily through a monthly, printed magazine. But it now (2011) includes this website, three audio podcasts, two email newsletters, educational webinars and a companion site, Ecommerce Developer, for coders, designers and developers of ecommerce sites, but no printed magazine.
We are a small business ourselves, and we take seriously the task of helping other businesses migrate online or improve their online operations.
http://www.tribbleagency.com/?p=8188
Venture Capital Firms expressing interest in bitcoin companies
Several of the larger players in the bitcoin world have noticed a serious uptick of venture capital firms requesting information regarding bitcoin related firms.
“we’ve had nearly 1/2 a dozen VC firms asking for information regarding our services in the past week alone” stated one of the owners of a bitcoin exchange.
Venture Capital Firms expressing interest in bitcoin companies
Several of the larger players in the bitcoin world have noticed a serious uptick of venture capital firms requesting information regarding bitcoin related firms.
“we’ve had nearly 1/2 a dozen VC firms asking for information regarding our services in the past week alone” stated one of the owners of a bitcoin exchange.
Quote
Bitcoin Delivers Confidence for Online Casinos
Kit Dotson
2011-08-29
http://siliconangle.com/blog/2011/08/29/bitcoin-delivers-confidence-for-online-casinos/
"...PwC putting their own reputation on the line to essentially vouch for the casino’s fairness; but casinos that use Bitcoin may be able to take a different route and actually show that they’re being fair because the exchanges involved happen to be recorded publicly in the Bitcoin block chain."
I think they want to help people whose human rights are being abused. I doubt they are interested in the price of gold - if it goes up becasue less people being abused then I'm sure they would be equally happy.
Here's the bitcoin donation link
http://protestbarrick.net/article.php?id=764
Sure, I guess I had another dubious assumption: that a higher gold price would lead to more people doing more dodgy things trying to get gold. /end sidetrack from good thread.
Quote
BITCOIN – PIRATE’S GOLD OR NEW GLOBAL CURRENCY?
DAVID GLANCE
2011-08-29
http://owni.eu/2011/08/29/bitcoin-%E2%80%93-pirate%E2%80%99s-gold-or-new-global-currency/
"Whether the implementation of Bitcoin as it currently stands survives or is ultimately replaced by a variant will depend on how many other things go wrong and also on the development of more robust and easy to use software.
Of the two aspects, the recent Bitcoin events are growing pains in comparison to the fall out of the Global Financial Crisis and what countries, companies and individuals have lost as a result of a largely self-regulated financial industry.
Ironically, Bitcoin may end up being more resistant to national and corporate manipulation and possibly more robust as a result."
DAVID GLANCE
2011-08-29
http://owni.eu/2011/08/29/bitcoin-%E2%80%93-pirate%E2%80%99s-gold-or-new-global-currency/
"Whether the implementation of Bitcoin as it currently stands survives or is ultimately replaced by a variant will depend on how many other things go wrong and also on the development of more robust and easy to use software.
Of the two aspects, the recent Bitcoin events are growing pains in comparison to the fall out of the Global Financial Crisis and what countries, companies and individuals have lost as a result of a largely self-regulated financial industry.
Ironically, Bitcoin may end up being more resistant to national and corporate manipulation and possibly more robust as a result."
This is yet another article with quite a focus on the risks and recent issues in the bitcoin world - but you could hardly expect the media to gloss over that.
These sorts of articles still raise the profile of bitcoin.. and this one is another with a reasonable balance I think.
It looks like the source of the article is here:
http://myresearchspace.grs.uwa.edu.au/dglance/
reposted here with a slightly modified title:
Bitcoin: a pirate’s booty or the new global currency?
http://theconversation.edu.au/bitcoin-a-pirates-booty-or-the-new-global-currency-3130
What looks like a pretty positive piece in the Dutch magazine - Bright.
Quote
"Bright is the premium innovative lifestyle media brand in the Netherlands and Belgium covering and connecting digital technology, culture and design. Bright targets a 25+ unisex audience of innovators and early adopters with a sweet tooth for technology. Bright is published by Veen Magazines BV."
Quote
The great experiment Bitcoin
2011-08-29
http://www.bright.nl/41-het-grote-bitcoin-experiment
http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=nl&tl=en&u=http%3A%2F%2Fwww.bright.nl%2F41-het-grote-bitcoin-experiment&act=url
"Bitcoin uses the BitTorrent peer to peer protocol and is therefore untouchable. The only way to use them to address the end user to address them. Experienced companies in the music industry has largely learned. Napster was a legal entity with an office that could be boarded, not BitTorrent."
"Regulators like the Nederlandsche Bank (DNB) realize that. Kees Verhagen, DNB spokesman said Bitcoin for some time, 'closely followed'."
2011-08-29
http://www.bright.nl/41-het-grote-bitcoin-experiment
http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=nl&tl=en&u=http%3A%2F%2Fwww.bright.nl%2F41-het-grote-bitcoin-experiment&act=url
"Bitcoin uses the BitTorrent peer to peer protocol and is therefore untouchable. The only way to use them to address the end user to address them. Experienced companies in the music industry has largely learned. Napster was a legal entity with an office that could be boarded, not BitTorrent."
"Regulators like the Nederlandsche Bank (DNB) realize that. Kees Verhagen, DNB spokesman said Bitcoin for some time, 'closely followed'."
Quote
Gold campaign moves to accept Bitcoin: "More than ever, we need an alternative currency"
by Sakura Saunders
2011-08-28
http://www.indybay.org/newsitems/2011/08/28/18688943.php
"With gold prices reaching a record high this month, ProtestBarrick – an all-volunteer campaign against the world's largest gold mining company – has decided to accept the new currency"
by Sakura Saunders
2011-08-28
http://www.indybay.org/newsitems/2011/08/28/18688943.php
"With gold prices reaching a record high this month, ProtestBarrick – an all-volunteer campaign against the world's largest gold mining company – has decided to accept the new currency"
This is a piece that surprised me.. I guess there are always contentious issues around real-world mining - but I wasn't aware of Gold-specific campaigns, and it certainly hadn't occurred to me that this might be an argument for bitcoin!
Their donate bitcoins button is broken. They serve to raise the gold price, no? Seems like an exercise in futility.
I think they want to help people whose human rights are being abused. I doubt they are interested in the price of gold - if it goes up becasue less people being abused then I'm sure they would be equally happy.
Here's the bitcoin donation link
http://protestbarrick.net/article.php?id=764
Quote
With New Miramax Partnership, Facebook Gears Up to Take on the G-20
Simit Patel
2011-08-28
http://www.businessinsider.com/with-new-miramax-partnership-facebook-gears-up-to-take-on-the-g-20-2011-8
"Facebook's monetary policy is critical here. What if Facebook all of sudden reprices the exchange rate between FB Credits and US dollars? Can they seize your FB Credits directly? If so, can you go to a jurisdiction in the global nation-state system and take legal action against FB and accuse them of theft? Other companies in the field of virtual worlds have faced these issues before; the Chinese government has even banned certain virtual currencies for their de-stabilizing effects. Likewise, US Senator Charles Schumer has identified Bitcoin as a threat to the US economy. "
Simit Patel
2011-08-28
http://www.businessinsider.com/with-new-miramax-partnership-facebook-gears-up-to-take-on-the-g-20-2011-8
"Facebook's monetary policy is critical here. What if Facebook all of sudden reprices the exchange rate between FB Credits and US dollars? Can they seize your FB Credits directly? If so, can you go to a jurisdiction in the global nation-state system and take legal action against FB and accuse them of theft? Other companies in the field of virtual worlds have faced these issues before; the Chinese government has even banned certain virtual currencies for their de-stabilizing effects. Likewise, US Senator Charles Schumer has identified Bitcoin as a threat to the US economy. "
Quote
Gold campaign moves to accept Bitcoin: "More than ever, we need an alternative currency"
by Sakura Saunders
2011-08-28
http://www.indybay.org/newsitems/2011/08/28/18688943.php
"With gold prices reaching a record high this month, ProtestBarrick – an all-volunteer campaign against the world's largest gold mining company – has decided to accept the new currency"
by Sakura Saunders
2011-08-28
http://www.indybay.org/newsitems/2011/08/28/18688943.php
"With gold prices reaching a record high this month, ProtestBarrick – an all-volunteer campaign against the world's largest gold mining company – has decided to accept the new currency"
This is a piece that surprised me.. I guess there are always contentious issues around real-world mining - but I wasn't aware of Gold-specific campaigns, and it certainly hadn't occurred to me that this might be an argument for bitcoin!
Their donate bitcoins button is broken. They serve to raise the gold price, no? Seems like an exercise in futility.
Quote
Gold campaign moves to accept Bitcoin: "More than ever, we need an alternative currency"
by Sakura Saunders
2011-08-28
http://www.indybay.org/newsitems/2011/08/28/18688943.php
"With gold prices reaching a record high this month, ProtestBarrick – an all-volunteer campaign against the world's largest gold mining company – has decided to accept the new currency"
by Sakura Saunders
2011-08-28
http://www.indybay.org/newsitems/2011/08/28/18688943.php
"With gold prices reaching a record high this month, ProtestBarrick – an all-volunteer campaign against the world's largest gold mining company – has decided to accept the new currency"
This is a piece that surprised me.. I guess there are always contentious issues around real-world mining - but I wasn't aware of Gold-specific campaigns, and it certainly hadn't occurred to me that this might be an argument for bitcoin!
Jump to: