"Canadian billionaire businessman Ned Goodman predicts the end of the U.S. Dollar as the world's reserve currency. He predicts the transition out of the U.S. Dollar will become, '...quite ugly.' He delivered the lecture at Cambridge House's Toronto Resource Investment Conference 2013 on Thursday, September 12, 2013." Continue reading →
"Fourteen months and about 70,000 pennies later, James Sanders has finally paid off a pair of citations he received last summer in Clinton County. But the most difficult part of paying the fine wasn't coping with the impact it might have on his budget. It was figuring out how to carry it from the car to the courthouse. 'As far as I'm concerned, they are stealing this money from me,' Sanders said. 'If they want it, this is how they are going to get it.' Using two large buckets and a utility dolly usually used for moving furniture, Sanders and a neighbor loaded up the coins and carted them into the courthouse." Continue reading →
"There were Liberty gold coins and Krugerrands, and a gold chain so thick that had it been used as a restraining device, it might have done a fair job of keeping Tom Eli behind bars. After centuries of being chased from country to country, the Roma, sometimes called Gypsies, have developed an aversion to traditional institutions, including banks, and have their own internal economy. He said he feared that his client was being treated differently from similarly situated people because of his background. Mr. Kenniff said that many who live in the United States still follow ancient traditions, including passing down gold coins and necklaces as heirlooms, and owning those pieces communally." Continue reading →
"A couple of weeks ago, we visited the Salt Lake Farmers Market. We were amazed at the receptiveness of the vendors there to bitcoin. It was the smoothest experience we have had in the month and a half we have been living on bitcoin in persuading people to accept bitcoin. These were very open minded folks! Five different vendors accepted bitcoin from us for their products." Continue reading →
"Hyder is a good example of the close connection between our two countries and the tribal nature of national identity; of how a line on a map, drawn forever ago, and a Canadian border crossing staffed by some presumably bored Canadian Customs officers (there is no U.S. Customs in Hyder) can seem as wide as the Grand Canyon — even when the metaphorical price of admission is being counted in loonies." Continue reading →
"One of the most common complaints about Bitcoin, the encrypted, digital currency that isn't controlled by any bank or country, is that you can't use it to buy anything practical. Alpaca wool socks? Come on, now. Entrepreneurs Michal Handerhan and Tim Sidie have startedBitcoinShop.us in order to solve this problem. Their site is probably best described as 'Amazon, but with Bitcoin.' There's 55,000 items for sale across all categories – books, electronics, sporting goods, even toys. It's all available here for purchase, via Bitcoin." Continue reading →
"At least two firms have plans to ship out Bitcoin ATMs to American cities in the coming months. Robocoin, the Las Vegas-based firm rolling out the world’s first Bitcoin ATMs in Canada this fall, plans to ship 12 to 15 of the units by the end of the year. So what, you may wonder, is the point of an ATM for a digital currency? Think of it more like a vending machine or currency exchange counter: Rather than just offering withdrawals or deposits, the Bitcoin ATM allows a user to buy Bitcoins in exchange for cash. The machines also offer some real-world convenience—like traditional ATMs, you can take dollars from the ATM by trading in your Bitcoins." Continue reading →
"We welcome Bitcoin donations. We support currency freedom! However, in order to promote the use of Bitcoins for these purposes, our campaign must comply with federal and state election/campaign finance laws. In the spirit of transparency and legality, we require the following information from all donors, whether BTC or USD. We really appreciate your support! For contributions of more than $100 USD (cumulatively) we also need your employer, city of employment, and job title. No one person can donate over $500 USD (cumulatively)." Continue reading →
"Police in Argentina have arrested a 19-year-old man accused of heading a gang of hackers who targeted international money transfer and gambling websites. Dubbed 'the superhacker', the teenager was making $50,000 (£31,500) a month, working from his bedroom in Buenos Aires, police say. The arrest operation shut down the power to the entire neighbourhood to prevent the deletion of sensitive data. Police say it took them a year to close in on the teenager. The young man lived with his father, a computer expert, in Buenos Aires. In the teenager's room, officials found high-capacity computers." Continue reading →
"According to Atlanta-based Bitpay, more than 10,000 merchants around the world are now using its processing services to accept payment in the virtual currency, with Bitcoin proving especially popular with companies that sell consumer electronics, IT services and precious metals. Bitpay, which is backed by venture capitalists tied to PayPal, touts Bitcoin as a way for merchants to accept online payment at lower cost and risk than credit cards. The company, which has so far processed $34 million in Bitcoin payments in 2013, charges the merchants a 1 percent service fee to handle the transactions." Continue reading →