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Inside Cambridge Analytica’s Virtual Currency Plans - The New York Times
Cambridge Analytica had little public role in promoting Dragon Coin. But behind the scenes the company emailed potential partners and investors and arranged for some of them to take all-expenses-paid trips to a glitzy Dragon Coin event in Macau.

The South China Morning Post published a photo from the event showing Wan Kuok-koi in attendance. Mr. Wan is known as Broken Tooth Koi from his days as the leader of the famous 14K gang in Macau.
bitcoin  ca  triad 
1 hour ago by yorksranter
Skatteverket har upptaxerat 20 personer för svart bitcoinhandel
Ett tjugotal svenskar har hittills upptaxerats med miljonbelopp sedan Skatteverket börjat granska innehav av kryptovalutor. Arbetet kommer att fortsätta under året.
bitcoin  money  swedish  articles  economics 
6 hours ago by mikael
Twitter
My daughter just informed me that someone told her " is a worthless scheme" & that the US dollar has, quote…
Bitcoin  from twitter_favs
13 hours ago by rcsmedia
bitpay/insight: A bitcoin blockchain explorer and API
GitHub is where people build software. More than 27 million people use GitHub to discover, fork, and contribute to over 80 million projects.
blockchain  bitcoin  explorer 
yesterday by pors
Bitcoin to AUD | Pay to any Bank account | Living Room Of Satoshi
Sell Bitcoin or pay any bill instantly with Living Room Of Satoshi. No fees and no sign-up required.
bitcoin  australia  blockchain 
yesterday by pors
What Bitcoin Is Really Worth May No Longer Be Such a Mystery - Bloomberg
But it also means science and snake oil sit side by side. Quantity theory is one example of how an equation can be remodeled to fit different scenarios or different wishes about where the price will land. And it’s not the only one: Network adoption, the cost curve of Bitcoin mining, and transaction volumes have all been bundled into marketable literature advising traders and investors on what to buy. It’s a thick numbers soup. At least Uber has financial accounts to review.

Those with long memories also remember the quantitative analyses that underpinned the hot new asset classes of the past, from dot-com stocks to securitized art. These were often sold to investors as new metrics and radical investment theses, only to be ditched when a recession or panicked sell-off hit. “They’re always talking about a new paradigm, but I say it’s the same meat, different gravy,” says Côtes du Rhône theorist Savouri, who maintains traditional economic theory should be embraced rather than ignored by the Bitcoin faithful.

For Savouri, the easiest way to understand the efflorescence of theories and valuations being bandied about is to opt for a simple, overarching one: the greater fool theory. It says that one fool buys in the hope that there’s an ever-bigger sucker willing to pay more. “The problem,” he says, “is that we don’t breed fools geometrically.”
bitcoin  counterarguments 
yesterday by corrales
HOW IT ALL BEGAN- THE BIRTH OF THE BLOCKCHAIN TECHNOLOGY - FinTech
The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.

A generation ago, multi-user time-sharing computer systems had a similar problem. Before strong encryption, users had to rely on password protection to secure their files, placing trust in the system administrator to keep their information private. Privacy could always be overridden by the admin based on his judgment call weighing the principle of privacy against other concerns, or at the behest of his superiors. Then strong encryption became available to the masses, and trust was no longer required. Data could be secured in a way that was physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter what.

It’s time we had the same thing for money. With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless.
bitcoin  history 
yesterday by corrales

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