Bankocracy

125 shopping days left: Retailers start Xmas deals

"Even before the school bells are ringing for many families, retailers are sounding sleigh bells. Yes, that's right. With 120-plus shopping days left, stores are already talking up their holiday offers. You might not be feeling the time pressure yet, but retailers are. Success in the fourth quarter is often key to annual performance, and in tough economic times the competition for customer dollars is fierce, said Dave Cheatham, managing principal of Velocity Retail Group. 'Retailers are determined not to be left on the sidelines,' he said. 'They're reinventing the rules on how to do holiday shopping.'" Continue reading →

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Internet Giants Got Millions From Taxpayers to Cover PRISM Spying Costs

"Internet giants like Google and Yahoo received millions of dollars from the NSA to cover their surveillance under the PRISM program. These payments occurred after a federal court ruled that surveillance requests the companies handled under the PRISM program were unconstitutional. The document also shows the NSA was anxious to get certifications from the FISA Court to authorize surveillance beyond the possible expiration of the law that authorized that surveillance. The law was set to expire on December 31, 2012, but the NSA received authorizations under that law to continue its surveillance until September 23, 2013." Continue reading →

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The Economic Philosopher’s Outcast: Mises

"SS Gestapo Chief Henrich Himmler's agents sped through the streets of Vienna on an early morning, March 11, 1938, to capture and eliminate Nazi Germany's enemies. One of his prime targets lived in a middle-class Jewish neighborhood at 28 Weihoffen St. Apartment 7. Ludwig Von Mises, a 58-year-old political philosopher, was Jewish and defenseless. Hitler deemed this man an enemy of the state and one of the top targets to be seized during the Nazi takeover of Austria. Fleeing from the city the day before, Professor Mises narrowly escaped to Switzerland. Despite attempts on his life, Mises spent the 92 years of his life fighting totalitarianism." Continue reading →

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Bitcoin and the New Fourth Estate: An Interview with Cop Block

"In a world where the flow of money can be so easily controlled by a government that has vested interests at odds with the good of the people, Bitcoin begins to show its true usefulness. Bitcoin was a lifeline to Wikileaks and may be a lifeline to Edward Snowden; and moving forward there is little doubt we will have to help other organizations and individuals who have transgressed the government in our name. I have recently had the pleasure of talking with Pete Eyre of Cop Block, an organization dedicated to exposing and reigning in the abuses of our state and local police forces. Cop Block accepts Bitcoin donations." Continue reading →

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Tradehill Bitcoin Accounts Moving to Internet Archive Credit Union

"Tradehill Inc., an exchange for virtual currencies such as Bitcoin, is moving customer accounts to a U.S. credit union, a shift designed to make it easier for clients to complete transactions. Holdings with Tradehill will be transitioned to federally-insured accounts at the Internet Archive Federal Credit Union, according to an e-mail to clients obtained by Bloomberg News. Tradehill is moving accounts to the credit union to win more business from investors and financial institutions that trade in Bitcoins, according to a person with knowledge of the matter, who asked not to be identified because the plans aren’t public." Continue reading →

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The Top 5 Bitcoin Shops

"There are increasingly less limits to what you can buy using Bitcoin, especially if you’re lucky enough to live in Berlin’s Kreuzberg area. Here are our top current picks for spending those hard earned BTC online: 1. All4BTC allows you to buy almost anything online with Bitcoin, provided you would be able to get delivered using Fiat. 2. BtcTrip.com Buy flights, and soon, rent cars and book hotels using BTC. 3. Gyft allows you to buy gift cards from almost any store, and accepts Bitcoin. 4. BitMit - Bitcoin’s answer to eBay – you can buy and sell using BTC, eBay auction style. 5. BitPremier - where you can buy Ferraris, Yachts, luxury apartments, art and more." Continue reading →

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The Chart of the Century

"In the late 1970s, when did we see the critical tipping point that marked the beginning of the surge? It was after three things happened: First, we witnessed two periods of real interest rates below zero (same as recent years) … Second, we experienced an initial collapse in bond markets that began to drive yields higher (same as now) … Third, we saw a cross-over into the black, as interest rates rose above the inflation rate (same as just happened earlier this year). And THAT’s when interest rates went through the roof, carrying the U.S. Treasury-bond yield to 13% and the Treasury-bill rate to 17%." Continue reading →

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Alydian targets big ticket miners with Terahash hosting

"In a little under a week, serious miners will be able to host Terahashes of ASIC mining power from Alydian – but only in large quantities. The Californian company is preparing to host ASIC mining equipment for its customers, using yearly contracts. Its launch day pricing was $65,000 per Terahash, and mining hosting contracts are only available in 5 and 10 Th/sec blocks. So, if you’re thinking of running a miner in your basement, you are not its target market. Alydian will be going after institutional-level investors that want to move large amounts of money into bitcoins. The question is, how is it getting the capacity so early, and what will it mean for everyone else?" Continue reading →

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BitShares P2P trading platform to offer dividends on bitcoins

"BitShares is the brainchild of Invictus Innovations. It will consist of a protocol and a piece of software called Hydra, which will offer three separate services: a decentralized identity management system called BitNames, a secure chat and messaging system codenamed BitCom, and a peer to peer trading exchange. Both the protocol and the software will be open source, said Charles Hoskinson, who is co-founder of the project. His co-founder Daniel Larimer is a software engineer with a background in networked C++ applications. They secured 'mid-six figure' funding from Chinese private equity firm BitFund.PE." Continue reading →

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