Max Keiser: Is Bitcoin Money? Since Bitcoin is now a $400 million market, with its pricehitting new all-time highs, now might be good time to ask, is bitcoin money? According to Aristotle, for something to be considered money, is has to fulfill four characteristics: 1) It must be durable. 12 PROJECTS United Kingdom An open source homescale vertical axis wind turbine, that can be made from recyled materials. Based on the Lenz2 VAWT design, the current version outputs 1 kW in a 60 km/h wind, and has been tested to absorb at least 105 km/h. Digital currency A virtual currency or virtual money has been defined in 2012 by the European Central Bank as "a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community".:13 The US Department of Treasury in 2013 defined it more tersely as "a medium of exchange that operates like a currency in some environments, but does not have all the attributes of real currency". Attributes of a real currency, as defined 2011 in the Code of Federal Regulations such as real paper money and real coins are simply that they act as legal tender and circulate "customarily". The key attribute a virtual currency does not have at this time, is the status as legal tender. History Closed virtual currencies
FRA law Signals Intelligence has existed in Sweden since 1905 when Swedish General Staff and Naval Staff respectively, had departments for signals intelligence and cryptanalysis. These departments succeeded, for instance, to decode the Russian Baltic Sea Fleet cipher. After World War I, this ability mostly ceased as politicians did not see its value and did not grant funding. The Swedish Navy still continued in a smaller scale and developed the competence further. One of the first major successes was in 1933 when the cipher of the Russian OGPU (predecessor to KGB) was solved. Why Bitcoins Are Just Like Gold King Tut's golden burial mask, via Bjørn Christian Tørrissen Plenty of people still have a difficult time wrapping their heads around what bitcoin is or why it even has value, especially as the virtual cryptocurrency continues to scale record heights. How isn't this a Ponzi scheme, many have wondered?
Rich-Get-Richer Effect Observed in BitCoin Digital Currency Network In January 2009, a small group of Internet enthusiasts began an unusual economic experiment when they began to trade a new type of digital cash known as BitCoin. After a shaky start, the idea caught on and grew rapidly after 2011. Today, bitcoins can buy a wider range of goods and services. In total, the BitCoin marketplace has hosted over 17 million transactions and the value of all the bitcoins in circulation is over $1 billion. One interesting aspect of this marketplace is that the complete list of all transactions is publicly available.
Freedom of Panorama under threat On Tuesday, June 16, the legal affairs committee voted on my report on the review of EU copyright rules. While I managed to negotiate compromises with all political groups on most of my proposals, one area where we couldn’t agree to a compromise was the right to publish pictures of public buildings and artworks such as sculptures permanently installed in public places. In some countries such publications require a permission from the architect or rightholder of the public artwork, while the majority of EU member states enjoys the so-called Freedom of Panorama, which allows anyone to publish photographs, documentary films and other works depicting public places without restriction. My draft report pointed out that the need to acquire a licence for such everyday activities as sharing one’s holiday pictures on social media was anachronistic and that Freedom of Panorama should become a rule in the entire European Union. If this amendment became law, what would that mean in practice?
Wary of Bitcoin? A guide to some other cryptocurrencies It might have passed you by, but an essential part of the internet's infrastructure took a heavy knock last week. The Silk Road -- you know, " the website where you can buy any drug imaginable" -- was subjected to a series of distributed denial of service (DDoS) attacks. Calling the Silk Road "essential" might seem an exaggeration, but it won't be if you're one of its many regular users. Nor if you're a regular user of Bitcoin -- its journey to mainstream acceptance began with the Silk Road, being as it is perfect for anonymous, untraceable transactions (as long as you're careful not to make your identity obvious, of course).
Room 641A Coordinates: Room 641A is a telecommunication interception facility operated by AT&T for the U.S. National Security Agency that commenced operations in 2003 and was exposed in 2006. §Description When Governments Take Your Money, Bitcoin Looks Really Good The tiny island of Cyprus became the center of the financial universe over the weekend, after its leaders, facing financial collapse and pressure from EU authorities, announced a plan that would let the government withdraw money directly from citizens' savings accounts in order to fund a massive bailout of its flailing banking sector. As of publication, the measure seemed bound to be rejected by Parliament. But the idea lingers, and has sent shockwaves across a Europe struggling for financial stability. Hear that?
Bitcoin Survival Guide: Everything You Need to Know About the Future of Money Illustration: WIRED The price of a bitcoin topped $900 last week, an enormous surge in value that arrived amidst Congressional hearings where top U.S. financial regulators took a surprisingly rosy view of digital currency. Just 10 months ago, a bitcoin sold for a measly $13. The spike was big news across the globe, from Washington to Tokyo to China, and it left many asking themselves: “What the hell is a bitcoin?” It’s a good question — not only for those with little understanding of the modern financial system and how it intersects with modern technology, but also for those steeped in the new internet-driven economy that has so quickly remade our world over the last 20 years. The spike was big news across the globe, from Washington to Tokyo to China, and it left many asking themselves: ‘What the hell is a bitcoin?’
Why you shouldn’t be surprised that prisoners crushed Harvard’s debate team The Bard Prison Initiative made headlines recently when its debate team beat Harvard University's in an intercollegiate competition. But the privately funded program, in which incarcerated men and women earn degrees from Bard College, has been around for 15 years. In this 2012 clip, professors and students explain how the program works. (Bard Prison Initiative/Frank duPont/wdfilms)