Yearly Archives: 2013

BitScan’s exclusive Q&A with Roger Ver

"If you look at bitcoin, it has all those same characteristics of gold in terms of it being easily recognizable, easily divisible and similarly, they both have a limited supply and can’t just be made out of thin air. Where bitcoin differs from gold is that it is easily transportable. You can send bitcoins anywhere on the planet instantly basically for free. It is incredibly expensive to ship gold around the world and if you do, you have to trust the shipping company or the delivery company, with bitcoin you don’t have to trust anybody at all. All you do, is send the bitcoins and they have been sent. So bitcoin has gold’s valuable characteristics as money but it is also transportable." Continue reading →

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The biggest Bitcoin win in gambling history

"In just one weekend of furious gambling, a single Internet high roller has taken home close to 11,000 bitcoins—or about $1.3 million. The man, known online as Nakowa, has turned one of Bitcoin’s most popular and profitable casinos into a loser. What no one can figure out: Is he a cheater, a genius, or the luckiest man on earth? Just-Dice.com, a European-based cybercasino offering a set of dice games played for the highly valuable digital currency Bitcoin, has been on a roller coaster ride. Nakowa’s weekend started on a losing streak that made Just-Dice richer than it had ever been, causing the site to hit its highest single profit point of all time (7,000 bitcoins or $862,400 on hand)." Continue reading →

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Too Big To Fail Is Now Bigger Than Ever Before

"Ever since the financial crisis of 2008, our politicians have been running around proclaiming that they will not rest until they have fixed 'the too big to fail problem', but instead of fixing it those banks have rapidly gotten even larger. We are witnessing a consolidation of the banking industry that is absolutely stunning. Hundreds of smaller banks have been swallowed up by these behemoths, and millions of Americans are finding that they have to deal with these banking giants whether they like it or not. These banks have been unbelievably reckless, but when they fail, we will all pay the price." Continue reading →

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Marc Faber on higher education & protecting yourself in economic collapse

"Marc Faber is an economic authority on global macroeconomics, capital markets, and investment and the Editor & Publisher of 'The Gloom Boom & Doom Report'. He spoke with The Prospect Group about university style formal education, the coming economic collapse, and the options people to preserve their wealth." Continue reading →

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Cruz’ plan B for defunding Obamacare: ‘Shut down the military’

"Sen. Ted Cruz (R-TX) on Sunday warned Senate Republicans that refusing to filibuster a bill that defunds President Barack Obama’s health care reform law 'is a vote for Obamacare,' and he also advised House Republicans to 'shut down the military' if they had to. 'If Harry Reid kills the bill in the Senate, the House should hold its ground, and should begin passing smaller continuing resolutions, one department at a time,' Cruz explained. 'It should start with a continuing resolution focused on the military.' 'Send it over, see if Harry Reid is willing to shut down the military,' he quipped." Continue reading →

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The co-conspirators in military mass shootings

"Republican Sen. Susan Collins was prompted to 'question the kind of vetting contractors do.' Ask the government you serve, Susan, for it, not the contractors, conducts background checks. 'The government maintains the final approval authority,' Rear Adm. John Kirby told CNN’s Wolf Blitzer. And for government officials, no infraction committed by Alexis was too egregious to ignore. Even stranger is the discrepancy between the killer’s performance during his Navy service and the glowing evaluations and awards he received from his superiors. If anything, top brass’s outsized ambition for Alexis incriminates them, not him." Continue reading →

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The Attack at the Kenyan Mall

"Consider the attack at the Westgate mall in Nairobi, Kenya, blowblack for Kenya's interference in putting down militants against the Somalian government. Al-Shabaab, a Somalia-based cell of the militant Islamist, has targeted Kenya after the Kenyan government sent thousands of troops into Somalia in 2011. The US clearly has been an instigator, coaxing Kenya to send troops into Somalia. An NYT slideshow of the attack is here. Note to conspiracy theorists: The NYT photographer just happened to be near the Nairobi mall at the time of the attack." Continue reading →

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Scientists plan to launch thousands of GM ‘Frankenflies’ into fields

"Thousands of GM insects developed by British scientists are set to be the first released into fields in Europe as an alternative to chemical pesticides. The plan is to release a large number of genetically modified olive flies that would be used to kill off wild pests that damage the crop. The technology is the brainchild of experts at British company Oxitec, who insist the GM insects are better for the environment that spraying crops with chemical pesticides. The Oxitec chief executive, Hadyn Parry, accused critics of the technology who warn of danger to health and the environment of scaremongering." Continue reading →

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Japan nuclear agency says Fukushima water leak risk exaggerated

"The chief of Japan’s nuclear watchdog chided the operator of the Fukushima plant Thursday for its inability properly to explain problems, which he said was inflating fears around the world. Shunichi Tanaka, chairman of the Nuclear Regulation Authority, said information given by Tokyo Electric Power (TEPCO) on the level of radioactive contamination was 'scientifically unacceptable'. Tanaka’s comments come after TEPCO announced it had detected a hotspot with a reading of 2,200 millisieverts per hour. TEPCO has confirmed that a reading of 2,200 millisieverts per hour would be enough to kill a person in a matter of hours." Continue reading →

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