Yearly Archives: 2013

Jeffrey Tucker: Fun and Fascinating Bitcoin

"The emerging cryptographic monetary standard entirely bypasses the age of fiat money and the age of central banking. It takes money out of the realm of public policy and central planning and places it in the hands of the people actually using it. Of all the features of Bitcoin, this one is perhaps the most beautiful. It has emerged from within the social order and was not imposed from above. How long will it take before the full implications reveal themselves? It took email some 20 years to go from obscure to common. Digital phone technology needed about the same swath of time. Bitcoin, however, could be different. Information travels farther and faster than ever before." Continue reading →

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Once again the Winklevoss twins get beaten to launching their big idea

"Mark Zuckerberg beat the twins Cameron and Tyler Winklevoss to the punch in launching Facebook. Now someone else seems to be stealing a march on their plan to launch an investment scheme for bitcoin. The Winklevii’s scheme, unlike SecondMarket’s, is for a public ETF traded on a major exchange open to retail investors. But the SEC may not approve it any time soon because it has yet to work out oodles of legal questions about the cryptocurrency. At a conference last week, the brothers were vague, telling attendees that regulators could set parameters on bitcoin 'over the next 6 to 12 months.'" Continue reading →

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Fund to Let Investors Bet on Price of Bitcoins

"The upstart stock exchange SecondMarket has made a name for itself allowing investors to buy shares of hot private companies like Twitter. Now that those companies are going public, SecondMarket is turning its attention to the next new thing — bitcoin. On Thursday, SecondMarket is expected to begin raising money for an investment fund — the first of its kind in the United States — that will hold only bitcoins, giving wealthy investors exposure to the trendy but controversial virtual currency. The fund, the Bitcoin Investment Trust, aims to provide a reliable and easy way to bet on the future price of bitcoin, a currency generally traded on unregulated, online exchanges based overseas." Continue reading →

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The world’s first Bitcoin escort agency

"Would-be clients of upscale escorts in Birmingham, UK now have way to pay for escort services that's just as discreet as cash and more secure: Bitcoin has officially entered the realm of sex work. The world's oldest profession met the world's youngest currency as escort agency Passion VIP announced it now accepts payment for its adult companionship services in bitcoin. Located in the second most populous British city (after London), Passion VIP is hoping the introduction of bitcoin payments will open up a new market by giving clients an alternative payment method." Continue reading →

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Media Seeks Answers To General Solicitation

"The SEC, on the same day it issued the final rules on general solicitation that become effective September 23, issued proposed rules that would substantially complicate the general solicitation process. We don’t know when and if the proposed rules will go into effect, but if they are adopted in the form in which they were proposed, they will substantially change the landscape in an unfavorable way for companies that want to generally solicit. In other words, the proposed rules are a take away, a retrenching of the statutory work that Congress did in the JOBS Act." Continue reading →

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Accredited investor – U.S. criteria – Wikipedia

"The federal securities laws define the term accredited investor in Rule 501 of Regulation D and as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act as: [..] a natural person who has individual net worth, or joint net worth with the person's spouse, that exceeds $1 million at the time of the purchase, or has assets under management of $1 million or above, excluding the value of their primary residence; a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or [..]" Continue reading →

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General Solicitation Ban Lifted Today – Three Things You Must Know

"It’s official- startups can now publicly advertise that they are seeking investments, but it does come with additional responsibilities of which all entrepreneurs must be aware. In nine out of ten conversations with startups on RockThePost (a startup investing marketplace I co-founded), entrepreneurs were not aware of what it means to generally solicit or the implications tied to doing so set forth by the Securities and Exchange Commission (SEC). Among them, a potential consequence of failing to follow the regulations is being banned from fundraising for a year. Even if unintentional, acting against promulgated rules could lead to a death sentence for your startup." Continue reading →

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Abraham Lincoln and the Federal Reserve System: A Forgotten Connection

"There were two traditions in the United States in 1832: the Jeffersonian and the Hamiltonian. In the election of 1832, the two traditions clashed self-consciously. Until Lincoln's inauguration in 1861, the Jeffersonian tradition was dominant in the United States. After that, only Grover Cleveland was self-consciously Jeffersonian. This serves as background to the little-known story of the man whose ideas led to the Federal Reserve System, an immigrant named Paul Warburg. He was from a distinguished banking family in Germany. He married the daughter of the founder of Kuhn-Loeb, and he became a major figure in that investment bank, beginning in 1902." Continue reading →

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Ex-World Bank Counsel: Lawlessness when USD Loses Reserve Status

"Karen Hudes, a former 20 year employee of the World Bank, contends the U.S. credit rating is on very dubious ground. Hudes says, 'This is actually an underhanded move because they know the U.S. dollar is going to lose its status as an international currency.' What would that look like to the man on the street? Hudes predicts, 'Prices would change on a daily basis. They would double. The number of families that would be employed would be in the minority . . . there would be lawlessness.' Join Greg Hunter as he goes One-on-One with former World Bank lawyer Karen Hudes." Continue reading →

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Read more about the article A Man of God by Jesse C. Jones

A Man of God by Jesse C. Jones

This is a story about a man, a place, and a time when the lives of many people were touched by a power they did not know existed, nor did they know that this power was available to them. The man that God used to demonstrate this power was unassuming and totally devoid of the pride of life that plagues most men, and has led an untold number into exaggerated self-esteem and conceit. He appeared in this appointed place without fanfare, and he came into our lives as a result of an event that he had no part in, and, as far as I know was not even aware of. That he had been prepared for this place and time seems to be without question, for things happened rapidly after he began to be used by God in the ministry to which he had been called

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