free market

Bitcoin Grows Up

"According to the official count, 1200 enthusiasts, techie geeks, trendy investors, eccentric entrepreneurs, crypto hackers, small-government aficionados, and a few downright weirdos had descended on the Bay Area for America's first big bitcoin conference, which, for a $300 fee, promised participants a hard look at the not-so-hard future of money. In one way it was like a rich guy's LAN party, a chance to put a face to people who had known each other mainly through internet forums. But it also had the vibe of one of those night-long infomercials about the Next Big Thing." Continue reading →

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Google wants blimps to bring wifi access to sub-Saharan Africa

"Google is planning to develop high-speed wireless networks in sub-Saharan Africa with the help of high-altitude balloons that can transmit signals across hundreds of square miles. The internet search giant wants to connect one billion more people to the internet in emerging markets such as Africa and south-east Asia, and is ready to team up with telecoms firms and equipment providers to build networks that will improve speeds in cities and bring the internet to rural areas. Google is considering a mix of technologies, broadcasting signals from masts, satellites and even remote-controlled balloons known as blimps." Continue reading →

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In Argentina, there’s a gorgeous apartment for sale and it only costs 409 Bitcoins

"Argentina is dangerously nearing another economic collapse, and few have forgotten the country’s crippling default in 2001 that prompted a flash devaluation of the Argentine peso, which effectively halved the country’s wealth. If Argentina defaults on its debt again, which could happen very soon, no one wants to be caught off-guard. So, Argentines are scrambling to store their wealth in anything but the volatile Argentine peso. That’s where Bitcoin comes in." Continue reading →

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Bitcoin Comes To SWIFT

"The dichotomy between EU and U.S. approaches to e-money becomes even more apparent when one looks at the uniformity of the EU e-Money and Payment Services Directives versus the almost hostile FinCEN guidance on virtual currencies and the incomprehensible patchwork of state money transmitter laws. Because of this, I estimate that the EU currently enjoys at least a five-year head start over its U.S. brethren in accommodating evolving payments efforts. The U.S seems content to extinguish innovations like e-Gold in an effort to maintain complete control over money businesses and to project dollar hegemony within its borders." Continue reading →

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That 3-D Printed Gun? It’s Just the Start

"In 2009, a German hacker going by the name Ray used a 3-D printer to fabricate a plastic key to the handcuffs used by Dutch police. He created the copy using only a photograph of an actual key. Last year, Ray demonstrated how to open even high-security handcuffs. The ability to copy keys isn’t new but, as with many of these dangers, 3-D printing will make it a lot easier. Just think of all the things -- houses, cars, offices -- we still use keys to open. Professor Lee Cronin, at the University of Glasgow, has been experimenting with something he calls 'reactionware,' which he hopes will allow people to print their own medication at home." Continue reading →

Continue ReadingThat 3-D Printed Gun? It’s Just the Start

Reporting from Bitcoin Conference 2013

"All attending the first Bitcoin 2013 conference in Silicon Valley are considering it a success. There are more than 1,000 attendees and the entrance fee to the event is $350.00. At one booth, Bitcoins were being sold for cash with no ID checks. Walk up to the booth lay down your money and buy your bitcoins. The money was piling up. The less 'corporate,' the more renegade seemed to be the operators and the more willing these operators seemed to be willing to challenge the government. One corporate type said to me that virtual currencies are in their infancy and that lawsuits, fighting and jail time for some will occur before the crypto-currency world becomes more defined." Continue reading →

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It’s Time for Private Defense

"If the Cleveland Police Department had believed and convinced a judge that there were drugs being consumed or sold in the Castro home, a battering ram would have collapsed the front door years ago. A dozen cops from various agencies would have stormed the place. Police don’t take those kinds of chances with a less sexy crime like kidnapping. So while government maintains a monopoly on policing power, its finances don’t allow it to do the job adequately. Police departments prioritize chasing drugs, cash, and terrorists. Because of asset forfeiture laws, those are the crimes that pay." Continue reading →

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A Christian Alternative to Health Insurance (ObamaCare Exempt)

"As nonprofits, health care sharing ministries aren't required to follow the same state and federal regulations as health insurance companies. The Affordable Care Act has a section that exempts members of health care sharing ministries from purchasing insurance. The Amish, Mennonite, and Indian tribe communities also are exempt from the penalty that will be incurred on Americans who fail to purchase health insurance by 2014. Since the law was passed in 2010, membership for Medi-Share and Samaritan Ministries has risen by about 40 percent. Christian health sharing ministries are largely unregulated, except by themselves." Continue reading →

Continue ReadingA Christian Alternative to Health Insurance (ObamaCare Exempt)

A Christian Alternative to Health Insurance (ObamaCare Exempt)

"As nonprofits, health care sharing ministries aren't required to follow the same state and federal regulations as health insurance companies. The Affordable Care Act has a section that exempts members of health care sharing ministries from purchasing insurance. The Amish, Mennonite, and Indian tribe communities also are exempt from the penalty that will be incurred on Americans who fail to purchase health insurance by 2014. Since the law was passed in 2010, membership for Medi-Share and Samaritan Ministries has risen by about 40 percent. Christian health sharing ministries are largely unregulated, except by themselves." Continue reading →

Continue ReadingA Christian Alternative to Health Insurance (ObamaCare Exempt)