Network Archives

Subpoenaed CEO: You’ll use Bitcoin without even knowing it

"The founder of Coinsetter, one of the 22 companies subpoenaed on Monday as part of an effort to regulate Bitcoin and other cryptocurrencies, isn’t concerned about the future of his industry. Not in the least bit. 'In the future, most people will use Bitcoin without even knowing it,' Jaron Lukasiewicz, cofounder and CEO of Coinsetter, a foreign exchange trading platform for Bitcoin, wrote in an email to me. 'Bank transfers will take place over the Bitcoin network, making transfers quick and inexpensive for both banks and consumers.' The New York City-based Coinsetter raised $500,000 from Tribeca Vebture Partners this April." Continue reading →

Continue ReadingSubpoenaed CEO: You’ll use Bitcoin without even knowing it

Bitcoin vs Gold: Getting the Most Bang For Your Buck

"There's a new Bitcoin sheriff in town. It's called the Digital Asset Transfer Authority -- or DATA. And it's not just limited to Bitcoins, it will self-govern most of the actors in the digital currency space, including Ripple. Again, this is on a purely voluntary basis. With regulators increasingly cracking down on various crypto-currencies, DATA is attempting to get ahead of the game -- and craft best practices to interact with regulators. Bob talks with Trace Mayer, entrepreneur, and Andreas Antonopoulos, internet security expert, and asks if the new regulatory authority, DATA, goes against the original purpose of Bitcoins -- namely anonymity." Continue reading →

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Jeffrey Tucker: How Bitcoin is Reinventing The Monetary System

"'We're talking about reinventing the world's monetary system...from the ground up,' says Jeffrey Tucker, executive editor of Laissez Faire Books, and an enthusiastic proponent of the open source peer-to-peer currency system Bitcoin. After participating in a panel discussion on Bitcoin at Freedom Fest, Tucker sat down with Reason Magazine's Matt Welch to explain why he believes Bitcoin is an example of a new enterprise that can help create 'a new world of liberty, despite the existence of the leviathan state.'" Continue reading →

Continue ReadingJeffrey Tucker: How Bitcoin is Reinventing The Monetary System

Bitcoin Boom? US fears digital currency may hit dollar demand

"The US is becoming increasingly concerned over virtual currencies, launching broad investigations into Bitcoin and the likes. The online currency has won official recognition with a US federal judge ruling it is real money. A Texas man, being tried for laundering billions of dollars using the Bitcoin system, challenged the court by saying bitcoins were virtual and couldn't be the basis for a fraud charge. He failed. RT's Peter Oliver went to meet those who have no doubt bitcoin has real value." Continue reading →

Continue ReadingBitcoin Boom? US fears digital currency may hit dollar demand

NSA abuses contradict Obama and congressional claims of oversight

"Government officials from President Obama on down have insisted the nation's surveillance programs are subject to layers of oversight. 'I am comfortable that the program currently is not being abused,' Mr. Obama said in a press conference last week, when he announced new efforts at increasing transparency. 'Part of the reason they're not abused is because these checks are in place.' However, the latest revelation that the NSA violated privacy rules thousands of times, as documented in an internal report -- an internal report withheld from at least one leader in Congress responsible for oversight -- proves they were wrong." Continue reading →

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N.S.A. Calls Violations of Privacy ‘Minuscule’

"The top National Security Agency official charged with making sure analysts comply with rules protecting the privacy of Americans pushed back on Friday against reports that the N.S.A. had frequently violated privacy rules, after the publication of a leaked internal audit showing that there had been 2,776 such 'incidents' in a one-year period. Mr. DeLong, speaking to reporters on a conference call, also argued that the overwhelming majority of the violations were unintentional human or technical errors and that the existence of the report showed that the agency’s efforts to detect and correct violations of the rules were robust." Continue reading →

Continue ReadingN.S.A. Calls Violations of Privacy ‘Minuscule’

Nearly Every Major Federal Agency Has Reduced Projected Furloughs

"When sequestration was about to kick in, the Obama administration began a nearly across-the-board campaign to discuss the devastating impact the automatic cuts would have on agency operations. Furloughs, combined with hiring freezes, would disrupt the proper functioning of government, agency chiefs said, as fewer employees working fewer hours could not accomplish the same amount as a fully staffed workforce. While many federal agencies have in fact moved forward with furloughs, most major departments have reduced furlough days, or eliminated them altogether." Continue reading →

Continue ReadingNearly Every Major Federal Agency Has Reduced Projected Furloughs

Justin Raimondo: Data-gate Shows We’re On the Cusp

"The 'architecture of oppression,' as Snowden deemed it, has successfully built itself into our lives because it takes on the appearance of a defensive measure, a military tactic deployed against a foreign enemy. Yet this administration is rapidly dropping even that pretense, and their partisan hounds are baying 'What have you got to hide?' What we are faced with is the astonishing sight of an administration often hailed as among the most 'liberal' in our history making the case for government secrecy and surveillance on an unprecedented scale." Continue reading →

Continue ReadingJustin Raimondo: Data-gate Shows We’re On the Cusp

5 Companies That Make Money By Keeping Americans Terrified of Terror Attacks

"The drive to privatize America's national security apparatus accelerated in the aftermath of the terrorist attacks. 70 percent of the national intelligence budget is now spent on private contractors, as author Tim Shorrock reported. The private intelligence contractors have profited to the tune of at least $6 billion a year. In 2010, the Washington Post revealed that there are 1,931 private firms across the country dedicated to fighting terrorism. What it all adds up to is a massive industry profiting off government-induced fear of terrorism, even though Americans are more likely to be killed by a car crash or their own furniture than a terror attack." Continue reading →

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