Anarchy update: The black marketeers at Silk Road 2 got robbed for a Bitcoin amount worth over $2 million at current exchange rates. Iran shut down another black market ring, Germany and the Netherlands have joined the global hunt to shut down Silk Road and spinoffs. Keep in mind these online black markets are used for drugs, hired killings, child pornography, human sex trafficking, and anything else you can think of that’s a problem in society. They try to say “Oh it’s just pot,” but it’s not. It never is.
In another bad sign for digital currencies. another prominent digital currency, Dogecoin, is experiencing a major glitch that threatens to disrupt commerce or even take people’s money away from them. Why do people tolerate all the volatility and instability of digital currencies? Easy: it lets them evade the law. That’s it. That’s why these things are going anywhere at all, because they’re a magnet for the scum of the earth.
Continue reading »
Sometimes you just know somebody needs primaried. Wednesday I learned of a member of Congress who’s clearly only in the House because daddy was in the House before him, and he’s using the influence he has out a personal sense of entitlement. That’s clearly why Bill Shuster wants to ban phones on planes, despite both the OBama FCC and FAA thinking it’s a good idea to let the market decide this. Shuster was first elected in 2001. He needs a refresher on what happened in 2001, that would make us consider why passengers on planes may want that option, and why we should let Mister Market figure it out, instead of a blanket ban.
Look we get it, he’s big important man and he flies on planes often, and so he wants to order the airlines to do what he wants, because that’s what he thinks the perk of being the son of a Congressman is. But that’s why we need to defeat his bill, and defeat him in the primary.
Continue reading »
Even the Glenns Greenwald now admits that NSA work leads to dead terrorists. We come to the true agenda of Edward Snowden and his accomplices: hindering America and aiding our enemies.
It’s a real shame that the NSA was apparently pretty insecure. Fortunately it sounds like he would fail today.
Bitcoiners have even been scamming their allies, Mt. Gox.
Continue reading »
5 hour power outage Friday. Threw my whole day off, as you might imagine. I don’t even know whose fault it was: my apartment building’s or Dominion Power’s.
Apple cut Bitcoin from the App Store.. Bitcoiners are responding like a combination of spoiled children and offended followers of a religion. Wait until they find out that Russia is banning bitcoin and Florida is going after Bitcoin money laundering.
Bitcoin and crime go hand in hand. Mt. Gox is now preparing to rip off its users once and for all, it seems. Mt. Gox is the Magic: the Gathering Online eXchange, a site originally founded to trade collectible game cards, but now trades Bitcoins. Also, organized drug dealers are looking at Bitcoin.
Continue reading »
Oh, the decisions we make for economics:
And note that it’s actually worse than this: Moreno Valley’s down months from June to September are due to a dry heat, which to me is infinitely better than DC/Arlington’s frozen winters and less warm but wet summers.
How about some FCC? Some bad Net Neutrality laws are being proposed, attempting to save the terrible idea. Meanwhile Dean Heller is trying some targeted FCC process reform in the Senate. That’s great.
So, Retransmission Consent. You know what happens when you rig the system to limit competition, as the Congress and the FCC did in the early days of Cable? Broadcasters raking in the bucks. Never would I say that copyright should be attacked, but that price to license these broadcasts should be dictated by the open market. Let broadcasters compete.
Continue reading »
This is frame 24306 of the 8:19.05 TAS. We’ll call this frame zero. It is the first frame Riki is visible on this screen. The controller is holding Right.
Continue reading »
Barack Obama admitted what we’ve been saying all along: Net Neutrality was an attempt to regulate the Internet. Told you so.
More FCC: Data use continues to go up, and it probably makes sense to remove barriers to investment on expanding our wireless capacity in this country. We still need spectrum, but the build out matters after that spectrum is acquired, as well.
Of course, instead of being sensible the radicals just want to spend more money stupidly.
All this is perfectly good reason to want to gut the FCC by reforming the Communications Act, but again, I just don’t trust the current legislative process to succeed at this in one big bill. When was the last time we had one big bill that worked well? Not in many years. I’d love to be proven wrong, but I’m not optimistic.
Continue reading »
How do we know that the NSA stuff is being driven by anti-Americanism? So much outrage about NSA and American allies, but so little about Russia, China, and American rivals. Heck, I’m not even seeing a peep about a Chicom firm Lenovo buying Google Motorola.
Now here’s a major reform idea I could get behind: merging FCC and FTC. By removing one entity, we reduce the added burden on business when two different regulators come after them for the same stuff. Getting rid of DoJ’s antitrust division would help, too. Because now even SEC is grabbing new tech powers.
Continue reading »
So the FCC is meeting soon, and that’s probably going to produce some news. Some of us are hoping for the best under the new FCC Chairman, but he may yet be a radical extremist who will try yet again on Net Neutrality, after the FCC has lost twice in court when attempting that power grab.
Continue reading »