Bees Brothers keep thriving and already mined their first Bitcoin

"Being homeschooled, the Huntzinger brothers had a lot of freedom to experiment within their new passion (creating their own recipes, for instance), until they discovered Bitcoin and the business got even more interesting. 'One of the reasons we chose to homeschool was to have the freedom to learn what the kids want and have fun doing it. Neither of us knows anything about cryptography, so we are having to learn it too, but hopefully soon they can teach themselves without us. This journey of learning about bees, starting a business, and now the world of cryptocurrency has been a great learning adventure for the whole family', explained the parents." Continue reading

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Bitmessage: Choice Of A Rightly Paranoid Generation

"Bitmessage is an open-source communications protocol for keeping your email private. Unlike PGP and similar programs that hide just the content of messages, Bitmessage also hides metadata like the sender and receiver of messages. And unlike PGP, Bitmessage doesn't require that users manage public or private keys to use the system; Bitmessage uses strong authentication so that the sender of a message cannot be spoofed. Bitmessage is also decentralized and trustless, which means that you don't need to trust root certificate authorities or any third parties who, under legal duress from a government, might give up your data." Continue reading

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Bitcoin: Tax haven of the future

"Tomorrow’s tax havens could be fueled by new technology like Bitcoin and Litecoin — online currencies that can be used to purchase everything from coffee to illegal drugs. The problem for government coffers: There’s no mechanism to ensure that people who make money through such digital currency report the income to the IRS. In its fight against tax evasion, the U.S. is largely focused on shining a light into bank accounts held by Americans in other countries. But experts say the rise of Bitcoin, which doesn’t require a bank account, could force the U.S. to rethink its approach." Continue reading

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New York Banking Regulator Subpoenas Two Dozen Bitcoin Companies

"New York's top banking regulator has issued subpoenas to roughly two dozen companies associated with bitcoin as part of a wide-ranging inquiry into the business practices of the fledgling virtual-currency industry. The department also plans on Monday to issue a memo expressing concern that virtual-currency companies aren't complying with the state's money-transmission laws. As a result, the state is considering setting new guidelines that are specifically aimed at virtual currencies. Companies that received subpoenas include some of the best-known names in the nascent industry, including Coinbase Inc., BitInstant and Coinsetter." Continue reading

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Entire New York Town Placed On Lockdown Over Police Standoff

"The entire upstate New York town of Bovina was placed on lockdown Sunday while police were engaged in a standoff with an armed man. A New York Alert notification was activated at about 2 p.m. Sunday, but a Delaware County Sheriff’s Office dispatcher said people in the town of Bovina were not in imminent danger and nobody was injured. There were no official details released about the man or why police were after him, the newspaper reported. Police officers were seen swarming on the ground as helicopters flew overhead, and residents were stopped by police and advised not to pick up hitchhikers, the paper reported." Continue reading

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Android Security Vulnerability Threatens Existing Bitcoin Wallets

"We recently learned that a component of Android responsible for generating secure random numbers contains critical weaknesses, that render all Android wallets generated to date vulnerable to theft. Because the problem lies with Android itself, this problem will affect you if you have a wallet generated by any Android app. An incomplete list would be Bitcoin Wallet, blockchain.info wallet, BitcoinSpinner and Mycelium Wallet. Apps where you don't control the private keys at all are not affected. For example, exchange frontends like the Coinbase or Mt Gox apps are not impacted by this issue because the private keys are not generated on your Android phone." Continue reading

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James Bovard: Obama, NSA, Gulf of Tonkin, & Governing as Lying

"This is the 49th anniversary of Congress’s passage of the Gulf of Tonkin resolution, by which the Lyndon Johnson administration lied the nation into the Vietnam War. Last night, President Obama appeared on the Jay Leno show and declared: 'We don’t have a domestic spying program.' He explained: 'What we do have are some mechanisms where we can track a phone number or an email address that we know is connected to some sort of terrorist threat.' Why would Obama continue to shovel such bilge? Does he assume that no one has read a newspaper for the past 2 months, or what?" Continue reading

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The NSA-DEA police state tango

"As revolutionary and noted hypocrite Thomas Jefferson once observed, the spread of tyranny only requires our silence. Millions of people have been sent to prison on drug-war convictions over the last 20 years. Most of those people have been poor and black. We will never know how many of those cases resulted from secret evidence collected by spy agencies, but it might not be a small number. One of the Reuters articles that broke this story quotes DEA officials as saying that the 'parallel construction' tactic had been used by the agency 'virtually every day since the 1990s.'" Continue reading

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