U.S. BLOCKS World's Largest BITCOIN Exchange - Is This The END of BITCOIN?
More bumps in the road are probably in store for Bitcoin. The virtual
currency has seen some massive swings in value over the last several
weeks, but that volatility is not likely to end soon, its lead developer
suggested on Saturday.
"We've been on a roller coaster ride,"
said Gavin Andresen, chief scientist at the Bitcoin Foundation, which
provides much of the core backend development for the currency.
"I
expect for the next few years we're going to remain on a roller coaster
ride," he said, speaking in front of a packed room of developers,
enthusiasts, venture capitalists and other industry players at Bitcoin
2013, the first conference in Silicon Valley to be held on the topic.
Bitcoin
is a digital currency that is managed and traded on a peer-to-peer
computer network. Often referred to as a form of "crypto-currency," it
is intended to be a decentralized form of payment not regulated by any
financial institution or governmental body. A variety of online
retailers and a growing number of brick-and-mortar stores are now
accepting Bitcoins, which can either be purchased through exchanges on
the Internet or "mined" by using specialized hardware.
Hitting some bumps
But
the growing attention the currency has experienced has come with
numerous setbacks as well, in the form of hacks, the shutdown of various
exchanges, seizure of accounts and huge selloffs in Bitcoin.
In
March, Bitcoins were trading for roughly US$30. Then for a brief period
in April its price on the Tokyo-based exchange Mt. Gox skyrocketed to
over $230. A couple of days later, its value plummeted to roughly $120
as a massive sell off forced Mt. Gox to temporarily shut down.
This
past week, Mt. Gox received a seizure order of its funds by the
Department of Homeland Security, triggered by an alleged failure to
comply with U.S. financial regulations.
Despite the challenges,
Bitcoin's Andresen is not deterred. "We have to be reliable and
resilient," he said. The foundation, which currently just has two
full-time staff, is looking to hire a Washington lawyer this year to
engage with politicians and to help support the currency's growth.
Hundreds
of attendees are at the Bitcoin conference, with roughly 20 exhibitors
offering a range of Bitcoin-related products such as digital wallets,
specialized trading services, and analytical tools.
"Star power"
has even been provided by Tyler and Cameron Winklevoss , the brothers
claiming ownership of the idea for Facebook, who delivered the opening
keynote on Friday night
Bitcoin supporters promise banking 'revolution'
Some workers are now even being paid with new virtual currency that you can only spend online.
bitcoin
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dollar euro pounds "central bank" regulation finance paypal "payment
system" politics "free speech" safe trust gold silver "gold bullion"
"open source" "silver bullion" transaction u.s. "united states" "united
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Bitcoin
threatens both the financial elite's monopoly over the economy and the
online web of payment systems which have been used as a tool to crack
down on free speech on the Internet, Amir Taaki, a bitcoin software
developer, told RT.
On Wednesday, The US Department of Homeland
Security seized a payment processing account belonging to Mt. Gox, the
largest international Bitcoin trader over claims the monetary exchange
service had falsified financial documents.
The US government has
never hidden the fact that it is closely watching the virtual currency,
which international regulators have thus far failed to keep a lid on.
But
while banks and governments have treated the Bitcoin payment system as
an "existential threat" to current financial system, Taaki argues that
the virtual currency epitomizes real free trade and is a necessary tool
to maximize the benefits of a free and open market.
Amir Taaki:
The basic gist of it is, there is this network of people worldwide, and
any person that joins the Bitcoin network is responsible for upholding
it. The Bitcoin is actually a form of money, like the dollar, euro or
pound, but it's virtual currency
Sunday, May 19, 2013
Lindsey Williams ~ America is next after Cyprus
Lindsey Williams on Goldseek Radio 18 May 2013
Lindsey Williams delivers more earth shattering critical information on the plans of the Illuminati (whom he refers to as ''The Elite'') to destroy the world economy through the derivative market, which will subsequently cause the collapse of every currency in the world. He states that the Elite will then pose as the savior of the global economy- by providing the solution they already had waiting in the wings; One World Currency. As the alternative to the decimation caused by inflation. Williams states that the turmoil in Cyprus was merely an example of what will happen in countries across the globe, although in less obvious terms; devaluation as opposed to outright confiscation. He refers to the Canadian Government's Economic Action Plan 2013 which includes provisions to institute ''bail-ins'' to save insolvent banks via the use of bank capital (i.e. your deposits) which can clearly be evidenced in documentation on pages 144-145. (Google ''Economic Action Plan of 2013'' of the Canadian Government- see for yourself. Also view the link here http://www.budget.gc.ca/2013/doc/plan...) Williams also mentions that the healthcare bill which comes into effect on January 1st 2014 will completely destroy the United States Healthcare System.
Tribulation Last Days Prophecy The Rapture Book of Daniel Antichrist - What You Never Knew
'The Tribulation - Hidden Secrets Revealed From Texts Predating The Bible' found at www.TheTribulation.us is the new mind-blowing book by Dr. Scott McQuate that reveals powerful secrets about the epic event known as the Great Tribulation, that have been hidden beneath the pages of the Bible. Learn the fascinating and alarming messages, completely unknown to scholars and theologians, that the ancient Sumerians, Mayans, Hebrews and others tried to give us that have been concealed for millennia by the Illuminati. If you've read any other works by highly-acclaimed author Dr. Scott McQuate, you know that what he reveals from his research is unlike anything else you've ever seen. Read this scintillating, non-fiction book today and prepare yourself for a roller-coaster ride that begins by exploring your very own DNA and a recently-discovered, ancient stone hive before moving to the Egyptian temple at Dendera and then onto the furthest reaches of the space-time continuum. This is never-before-revealed information that will shock you while providing real answers like nothing you've read before. Get ready for what the world has never known. www.TheTribulation.us
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