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.
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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.
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So I took Christmas off, but don’t forget: even as Democrats play blame the Victim, you should get your debit card or credit card replaced if you used it at Target recently. The attackers got your PIN even.
The traitor Edward Snowden very interestingly says he won, which seems to mean he thinks it’s himself against we the people. He’s sure not on the side of liberty, when he’s on the side of the child pornography den Tor. And yet, He’s still desperately trying to feel his Russian paymasters. Not even loyal to them.
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The argument for the ECPA (email warrant law) reform in a nutshell: because a lot of people store important data on other people’s servers, we need to tighten warrant laws for that data. I don’t buy the necessity, especially with FISA also under attack. If terrorists have data on Google’s servers, I want Google to be able to hand over that data. But this idea is popular and I expect it to pass eventually.
I called it: China cut Bitcoin’s access to the Chinese banking system, just as the US cut online gambling access to the US banking system (and like the US did after the freezing of Mt. Gox’s Dwolla account. Result: Bitcoin prices are tumbling, even if firms like Bank of America can’t assume it’s going to go away.
I wish it would though, since Bitcoin continues to be a magnet for crime.
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