« Don't get me started on "money laundering." It's a completely artificial crime. It wasn't even heard of 20 years ago, because the "crime" didn't exist. Now, everyone speaks of it as though it were a real crime, like murder. It's ridiculous, and further proof of the totally degraded state of the average person worldwide, absolutely including US citizens – what we used to call Americans. The government proclaims something as a law, and "sheeple" robotically assume it's part of the cosmic firmament. If an official tells them to do or not to do something, they roll over on their backs like whipped dogs and wet themselves out of fear. The War on Drugs may be where "money laundering" originated as a crime, but today it has a lot more to do with something infinitely more important to the state: the War on Tax Evasion. »
Oh their god, this is a marvelous quote!
Topic: Bitcoin press hits, notable sources - page 9. (Read 430944 times)
A small blog from a tech/finance geek - but the topic of this post struck me as notable.
Presumably the 'may scale of money hardness' is a play on the geological scale: 'Mohs scale of mineral hardness'.
Cool concept to apply to money and reversability!
(I like the idea of bitcoin being 'hard' money. Fits right in with 'mining' it too)
Actually I'm really quite enthused about this terminology. I think in discussions with the bitcoin-agnostics I'll make a point of referring to bitcoin as a 'hard' digital currency due to it being non-reversable and non-tamperable by intermediaries - compared to 'soft' digital systems like Dwolla and Paypal.
Discussion thread: https://bitcointalksearch.org/topic/bitcoin-is-hard-digital-money-67841
Presumably the 'may scale of money hardness' is a play on the geological scale: 'Mohs scale of mineral hardness'.
Cool concept to apply to money and reversability!
(I like the idea of bitcoin being 'hard' money. Fits right in with 'mining' it too)
Quote
The May Scale of Money Hardness and BitCoin
Pelle Braendgaard
2012-03-08
http://stakeventures.com/articles/2012/03/07/the-may-scale-of-money-hardness-and-bitcoin
About 10 years ago after a bunch of E-Gold exchangers lost money from fraudulent purchasers performing chargebacks Start e-gold app developer JP May published his May Scale of Money Hardness (only on wayback machine now).
The idea is that the easier it is for a payment to be reversed, the softer it is. I’m trying to update it for 2012 so the next generation of financial startups don’t get burnt more than they already have been and learn the lessons learnt by the e-gold community.
...
Pelle Braendgaard
2012-03-08
http://stakeventures.com/articles/2012/03/07/the-may-scale-of-money-hardness-and-bitcoin
About 10 years ago after a bunch of E-Gold exchangers lost money from fraudulent purchasers performing chargebacks Start e-gold app developer JP May published his May Scale of Money Hardness (only on wayback machine now).
The idea is that the easier it is for a payment to be reversed, the softer it is. I’m trying to update it for 2012 so the next generation of financial startups don’t get burnt more than they already have been and learn the lessons learnt by the e-gold community.
...
Actually I'm really quite enthused about this terminology. I think in discussions with the bitcoin-agnostics I'll make a point of referring to bitcoin as a 'hard' digital currency due to it being non-reversable and non-tamperable by intermediaries - compared to 'soft' digital systems like Dwolla and Paypal.
Discussion thread: https://bitcointalksearch.org/topic/bitcoin-is-hard-digital-money-67841
"Doug: Yes, the move towards digital currencies is already happening, and not just as a result of government efforts. Remember Bitcoin. And, as you know, I'm a big fan of Goldmoney.com, which is leading the way to a sound digital currency. Although Goldmoney.com has bowed to government pressure and has suspended its service allowing customers to transfer funds among one another, it's another sign of the times…"
Lol, it makes no sense. Why would he like goldmoney.com? How is bowing to government pressure not 100% baked in to that pie? What are they going to do let government take all their customers gold and go to jail? I suspect Casey is involved in some way or has something else clouding his judgment concerning that company.
Busy couple of days ...
2012-03-08
"Doug Casey on Cashless Societies"
2012-03-08
"Doug Casey on Cashless Societies"
Quote
Don't get me started on "money laundering." It's a completely artificial crime. It wasn't even heard of 20 years ago, because the "crime" didn't exist. Now, everyone speaks of it as though it were a real crime, like murder. It's ridiculous, and further proof of the totally degraded state of the average person worldwide, absolutely including US citizens – what we used to call Americans. The government proclaims something as a law, and "sheeple" robotically assume it's part of the cosmic firmament. If an official tells them to do or not to do something, they roll over on their backs like whipped dogs and wet themselves out of fear. The War on Drugs may be where "money laundering" originated as a crime, but today it has a lot more to do with something infinitely more important to the state: the War on Tax Evasion.
Quote
But the greater the invasion of privacy, the greater the need for privacy there will be – and the market will respond.
- http://www.proactiveinvestors.com/columns/casey-research/928/doug-casey-on-cashless-societies-0928.htmlFrom the same interview:
"Doug: Yes, the move towards digital currencies is already happening, and not just as a result of government efforts. Remember Bitcoin. And, as you know, I'm a big fan of Goldmoney.com, which is leading the way to a sound digital currency. Although Goldmoney.com has bowed to government pressure and has suspended its service allowing customers to transfer funds among one another, it's another sign of the times…"
Busy couple of days ...
2012-03-08
"Doug Casey on Cashless Societies"
2012-03-08
"Doug Casey on Cashless Societies"
Quote
Don't get me started on "money laundering." It's a completely artificial crime. It wasn't even heard of 20 years ago, because the "crime" didn't exist. Now, everyone speaks of it as though it were a real crime, like murder. It's ridiculous, and further proof of the totally degraded state of the average person worldwide, absolutely including US citizens – what we used to call Americans. The government proclaims something as a law, and "sheeple" robotically assume it's part of the cosmic firmament. If an official tells them to do or not to do something, they roll over on their backs like whipped dogs and wet themselves out of fear. The War on Drugs may be where "money laundering" originated as a crime, but today it has a lot more to do with something infinitely more important to the state: the War on Tax Evasion.
Quote
But the greater the invasion of privacy, the greater the need for privacy there will be – and the market will respond.
- http://www.proactiveinvestors.com/columns/casey-research/928/doug-casey-on-cashless-societies-0928.html Quote
Bits coins for cash edit to take you on a "get rich road
2012-03-08
http://tech.sina.com.cn/h/2012-03-08/05012056255.shtml
2012-03-08
http://tech.sina.com.cn/h/2012-03-08/05012056255.shtml
Quote
Lawsuit illustrates Bitcoin's chargeback problem
Timothy B. Lee
2012-03-07
http://arstechnica.com/tech-policy/news/2012/03/lawsuit-illustrates-bitcoins-chargeback-problem.ars?clicked=related_right
...
Bitcoin, in contrast, is built on the premise that no one has to trust anyone else. Transactions are irreversible, and a Bitcoin user is out of luck if his money is taken fraudulently. That's a headache for consumers, but it has an important upside: Bitcoin transactions really are final.
...
Timothy B. Lee
2012-03-07
http://arstechnica.com/tech-policy/news/2012/03/lawsuit-illustrates-bitcoins-chargeback-problem.ars?clicked=related_right
...
Bitcoin, in contrast, is built on the premise that no one has to trust anyone else. Transactions are irreversible, and a Bitcoin user is out of luck if his money is taken fraudulently. That's a headache for consumers, but it has an important upside: Bitcoin transactions really are final.
...
Quote
Bitcoin: Crypto-Anarchism and the Digital Money Revolution
Michael Suede
2012-03-07
http://www.policymic.com/articles/4980/bitcoin-crypto-anarchism-and-the-digital-money-revolution
Imagine if we lived in a world where your bank accounts could never be audited, seized or controlled by the state. Imagine if the currency system itself made organized theft impossible. In the future, I predict this is precisely how currency systems will operate. While this may sound like a bold claim, economic analysis demonstrates why my prediction may become reality.
...
Michael Suede
2012-03-07
http://www.policymic.com/articles/4980/bitcoin-crypto-anarchism-and-the-digital-money-revolution
Imagine if we lived in a world where your bank accounts could never be audited, seized or controlled by the state. Imagine if the currency system itself made organized theft impossible. In the future, I predict this is precisely how currency systems will operate. While this may sound like a bold claim, economic analysis demonstrates why my prediction may become reality.
...
Quote
Dwolla Calls Bitcoin Exchange Suit 'Specious'
Jeremy Quittner
2012-03-07
http://www.americanbanker.com/issues/177_46/dwolla-bitcoin-exchange-tradehill-lawsuit-1047292-1.html
Person-to-person payments provider Dwolla Corp. responded late Tuesday to a lawsuit filed by the Bitcoin exchange TradeHill, saying allegations that it put TradeHill out of business were "specious" and that the suit is little more than an attempt to generate publicity.
Jeremy Quittner
2012-03-07
http://www.americanbanker.com/issues/177_46/dwolla-bitcoin-exchange-tradehill-lawsuit-1047292-1.html
Person-to-person payments provider Dwolla Corp. responded late Tuesday to a lawsuit filed by the Bitcoin exchange TradeHill, saying allegations that it put TradeHill out of business were "specious" and that the suit is little more than an attempt to generate publicity.
Another article on Tradehill suing Dwolla
Bankrupt Bitcoin exchange Tradehill suing red hot payment startup Dwolla for $2M
http://venturebeat.com/2012/03/07/tradehill-sues-suing-dwolla-bitcoin/
Mentions about the apparent change in the chargeback policy of Dwolla
Bankrupt Bitcoin exchange Tradehill suing red hot payment startup Dwolla for $2M
http://venturebeat.com/2012/03/07/tradehill-sues-suing-dwolla-bitcoin/
Mentions about the apparent change in the chargeback policy of Dwolla
Quote
But in a blog post he wrote on March 30, 2011, Milne noted to merchants that, “Remember, these are cash-based transactions! No credit card fees, chargeback concerns, or signing necessary!”
Dutch Magazine EMERCE
Quote
Bitcoin is accepted by more and more merchants
Libbenga January
2012-03-07
http://www.emerce.nl/nieuws/bitcoin-door-steeds-meer-webwinkels-geaccepteerd
Bitcoins, virtual coins which are traded anonymously without the intervention of banks, are accepted by more merchants. That said Amir Taaki and Donald Norman Bitcoin Consultancy yesterday on the Online Payment Congress in Amsterdam.
Libbenga January
2012-03-07
http://www.emerce.nl/nieuws/bitcoin-door-steeds-meer-webwinkels-geaccepteerd
Bitcoins, virtual coins which are traded anonymously without the intervention of banks, are accepted by more merchants. That said Amir Taaki and Donald Norman Bitcoin Consultancy yesterday on the Online Payment Congress in Amsterdam.
Podcast with Jon Matonis on "The Virtual Policy Network"
Quote
the Virtual Policy Network (tVPN) is a not-for profit think tank dedicated to stimulating a balanced, global, and informed policy debate about virtual worlds, online games and other convergent media. Our goal is to maximizing the social good of these technologies through promoting their use in areas such as education, public diplomacy and entertainment, and supporting policy makers in finding the right balance of self-governance, law and regulation.
...
...
Quote
2012-02-28
Virtually Policy #3: Virtual Currencies & Roach Motels (1/2)
This episode of Virtually Policy is part one of a two-part interview with virtual currency expert Jon Matonis. Jon is editor of The Monetary Future, an economics blog that examines the intersection of free banking, cryptography, and digital currency. His work on digital cash has been published by Dow Jones and the London School of Economics, and he was previously CEO of Hushmail and Chief Forex Trader at VISA. Currently Jon is a board advisor to startups in Bitcoin, gaming, prepaid and mobile payment systems.
In this part of the interview we focus on the nature of currency and characteristics of virtual currencies, including Facebook Credits, Warcraft Gold and Linden Dollars.
Virtually Policy #3: Virtual Currencies & Roach Motels (1/2)
This episode of Virtually Policy is part one of a two-part interview with virtual currency expert Jon Matonis. Jon is editor of The Monetary Future, an economics blog that examines the intersection of free banking, cryptography, and digital currency. His work on digital cash has been published by Dow Jones and the London School of Economics, and he was previously CEO of Hushmail and Chief Forex Trader at VISA. Currently Jon is a board advisor to startups in Bitcoin, gaming, prepaid and mobile payment systems.
In this part of the interview we focus on the nature of currency and characteristics of virtual currencies, including Facebook Credits, Warcraft Gold and Linden Dollars.
Quote
2012-03-06
Virtually Policy #4: Bitcoin (2/2)
http://www.virtualpolicy.net/virtuallypolicy004.html
This episode of Virtually Policy is the second half of atwo-part interview with virtual currency expert Jon Matonis. Jon is editor of The Monetary Future, an economics blog.
In this second part of the interview we look at Bitcoin: what it is, how it works, why government don’t like it and how it might revolutionise the online gaming industry, and how it relates to human rights.
Virtually Policy #4: Bitcoin (2/2)
http://www.virtualpolicy.net/virtuallypolicy004.html
This episode of Virtually Policy is the second half of atwo-part interview with virtual currency expert Jon Matonis. Jon is editor of The Monetary Future, an economics blog.
In this second part of the interview we look at Bitcoin: what it is, how it works, why government don’t like it and how it might revolutionise the online gaming industry, and how it relates to human rights.
Quote
Dwolla sued by former Bitcoin exchange, issues statement
Danny Schreiber
2012-03-06
http://www.siliconprairienews.com/2012/03/dwolla-sued-by-former-bitcoin-exchange-issues-statement
Danny Schreiber
2012-03-06
http://www.siliconprairienews.com/2012/03/dwolla-sued-by-former-bitcoin-exchange-issues-statement
Quote
Dwolla Caught in Legal Feud with Bitcoin Exchange TradeHill for $2 Million
Kit Dotson
2012-03-06
http://siliconangle.com/blog/2012/03/06/dwolla-caught-in-legal-feud-with-tradehill-for-2-million-bitcoin/
While it’s obvious from the Bitcoin community that indeed Dwolla suddenly became chargeback happy—and did so in a manner that caused surprise and harm to exchanges—the biggest exchange in themarketMt.Gox still uses them as a payment network. Initially, Mt. Gox cofounder Mark Karpeles says that the chargebacks simply “disappeared” from the history; but later Mt.Gox and Dwolla managed better communication about charges and chargebacks
Kit Dotson
2012-03-06
http://siliconangle.com/blog/2012/03/06/dwolla-caught-in-legal-feud-with-tradehill-for-2-million-bitcoin/
While it’s obvious from the Bitcoin community that indeed Dwolla suddenly became chargeback happy—and did so in a manner that caused surprise and harm to exchanges—the biggest exchange in themarketMt.Gox still uses them as a payment network. Initially, Mt. Gox cofounder Mark Karpeles says that the chargebacks simply “disappeared” from the history; but later Mt.Gox and Dwolla managed better communication about charges and chargebacks
Quote
Dwolla Put Us Out of Business, Bitcoin Exchange Says in Suit
Jeremy Quittner
2012-03-06
http://www.americanbanker.com/issues/177_45/tradehill-dwolla-bitcoin-exchange-digital-currency-lawsuit-1047273-1.html
In February American Banker asked Jordan Lampe, Dwolla's chief executive, whether his company was the unidentified payment processor that Kenna, in the earlier blog post, claimed had removed $100,000 from TradeHill's account "without notice."
In response, Lampe wrote in a Feb. 17 email, "We operate legally under a very defined set of laws and regulations [and]…we can't/won't comment on individual accounts, past or present. We are extremely focused on our financial institution products right now."
Jeremy Quittner
2012-03-06
http://www.americanbanker.com/issues/177_45/tradehill-dwolla-bitcoin-exchange-digital-currency-lawsuit-1047273-1.html
In February American Banker asked Jordan Lampe, Dwolla's chief executive, whether his company was the unidentified payment processor that Kenna, in the earlier blog post, claimed had removed $100,000 from TradeHill's account "without notice."
In response, Lampe wrote in a Feb. 17 email, "We operate legally under a very defined set of laws and regulations [and]…we can't/won't comment on individual accounts, past or present. We are extremely focused on our financial institution products right now."
Quote
Dwolla Being Sued by Bitcoiners for $2 M.
Adrianne Jeffries
2012-03-06
http://www.betabeat.com/2012/03/06/dwolla-was-just-sued-by-bitcoiners-for-2-m/
The plaintiff is TradeHill, a Bitcoin currency exchanger based in San Francisco and Chile that was at one time the second-largest processor of Bitcoin currency trades, but which recently shut down.
Adrianne Jeffries
2012-03-06
http://www.betabeat.com/2012/03/06/dwolla-was-just-sued-by-bitcoiners-for-2-m/
The plaintiff is TradeHill, a Bitcoin currency exchanger based in San Francisco and Chile that was at one time the second-largest processor of Bitcoin currency trades, but which recently shut down.
discussion thread: https://bitcointalksearch.org/topic/press-release-tradehill-inc-files-suit-against-dwolla-inc-67625
Quote
Dwolla Releases Statement on That Bitcoin Lawsuit
Adrianne Jeffries
2012-03-06
http://www.betabeat.com/2012/03/06/dwolla-releases-statement-on-that-bitcoin-lawsuit/
"Dwolla has sent over a statement responding to the $2 million lawsuit filed yesterday by the Bitcoin exchange TradeHill. Dwolla says it has not been formally served notice of the lawsuit yet."
Adrianne Jeffries
2012-03-06
http://www.betabeat.com/2012/03/06/dwolla-releases-statement-on-that-bitcoin-lawsuit/
"Dwolla has sent over a statement responding to the $2 million lawsuit filed yesterday by the Bitcoin exchange TradeHill. Dwolla says it has not been formally served notice of the lawsuit yet."
Quote
Update: Details of $2 million lawsuit vs. Dwolla
Marco Santana
2012-03-06
http://blogs.desmoinesregister.com/dmr/index.php/2012/03/06/bitcoin-exchanges-files-lawsuit-against-dwolla/
Marco Santana
2012-03-06
http://blogs.desmoinesregister.com/dmr/index.php/2012/03/06/bitcoin-exchanges-files-lawsuit-against-dwolla/
http://www.forbes.com/sites/jonmatonis/2012/03/06/virtual-currencies-and-roach-motels/
Virtual Currencies and Roach Motels by Jon Matonis in Forbes.com
Accompanying podcast also but I haven't listened to it yet:
http://www.virtualpolicy.net/virtuallypolicy003.html
Nice! Comments such as "elegance" and "resiliency", and the article writer even noticed Mike's hard work on BitcoinJ.Virtual Currencies and Roach Motels by Jon Matonis in Forbes.com
Accompanying podcast also but I haven't listened to it yet:
http://www.virtualpolicy.net/virtuallypolicy003.html
I think the writer is forum user matonis.
Yep. That's him.
http://www.forbes.com/sites/jonmatonis/2012/03/06/virtual-currencies-and-roach-motels/
Virtual Currencies and Roach Motels by Jon Matonis in Forbes.com
Accompanying podcast also but I haven't listened to it yet:
http://www.virtualpolicy.net/virtuallypolicy003.html
Nice! Comments such as "elegance" and "resiliency", and the article writer even noticed Mike's hard work on BitcoinJ.Virtual Currencies and Roach Motels by Jon Matonis in Forbes.com
Accompanying podcast also but I haven't listened to it yet:
http://www.virtualpolicy.net/virtuallypolicy003.html
I think the writer is forum user matonis.
http://www.forbes.com/sites/jonmatonis/2012/03/06/virtual-currencies-and-roach-motels/
Virtual Currencies and Roach Motels by Jon Matonis in Forbes.com
Accompanying podcast also but I haven't listened to it yet:
http://www.virtualpolicy.net/virtuallypolicy003.html
Nice! Comments such as "elegance" and "resiliency", and the article writer even noticed Mike's hard work on BitcoinJ. Virtual Currencies and Roach Motels by Jon Matonis in Forbes.com
Accompanying podcast also but I haven't listened to it yet:
http://www.virtualpolicy.net/virtuallypolicy003.html
http://www.forbes.com/sites/jonmatonis/2012/03/06/virtual-currencies-and-roach-motels/
Virtual Currencies and Roach Motels by Jon Matonis in Forbes.com
Accompanying podcast also but I haven't listened to it yet:
http://www.virtualpolicy.net/virtuallypolicy003.html
Virtual Currencies and Roach Motels by Jon Matonis in Forbes.com
Accompanying podcast also but I haven't listened to it yet:
http://www.virtualpolicy.net/virtuallypolicy003.html
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