The Guardian - 2.19pm GMT - A summary: • The Cyprus parliament has twice delayed a planned vote on the rescue package hammered out by Cypriot leaders yesterday. The debate was due to start 6 hours ago, but is in limbo as frantic behind-the-scenes talks continue. • Government insiders have told us the plan could dramatically change again, and include a tax on savers. (see here) It appears, though, that Cyprus would spare those with less than €100,000 in the bank. • According to Bloomberg, rich depositors (with over €100k) at Cyprus's two biggest banks could suffer losses of up to 40%. (See here) • Russia has declined to offer fresh support to Cyprus, following the finance minister's two-day visit to Moscow. Talks are over, according to the Russian finance minister • Germany's chancellor, Angela Merkel, has voiced her opposition to Cyprus nationalising pension funds to fund its €6bn portion of its bailout. Merkel told her MPs that Cyprus had to realise that its business model was dead (more here) • Details of Cyprus's plans for capital controls have emerged. They include dramatic restrictions on Cypriots and businesses in the country, including:* unspecified limits on daily cash withdrawals, * a total ban on accessing cash in ‘timed’ savings accounts, * limits on cashing cheques, and * restrictions on movements of capital, payments, and transfers.SOURCE: http://www.guardian.co.uk/business/2013/mar/22/eurozone-crisis-cyprus-bailout-russia-vote#block-514c6528b5795d794abf42ad |
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Good News, Bad News:  |
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74! (73 lasted all of two minutes.) 
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뛰는 놈 그 위에 나는 놈
나는 뭘 좀 아는 놈
오빤 강남스타일 The early hours of PYMNTS.com’s The Innovation Project 2013 featured no shortage of star power. With Market Platform Dynamics CEO Karen Webster leading off the event with a unique take on innovation and the “Oracle of Omaha” Warren Buffett offering his wisdom to the crowd, the bar was set very high for the event’s first panel. Fortunately, former Vice President Al Gore was up to the task, calling in live from London to speak about payments, innovation and his take on a concept he says he’s been developing for years: the Global Mind. [...] Gore touched on Bitcoins and other virtual currency types, reserving caution for their regulation but expressing enthusiasm for their approach to innovation. “When Bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards. I think the fact that within the Bitcoin universe an algorithm replaces the functions of [the government] … is actually pretty cool,” Gore said. http://www.pymnts.com/briefing-room/commerce-3-0/the-innovation-project-2013/al-gore-speaks-on-mobile-money-and-the-global-mind/ |
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Al Gore Speaks On Mobile Money And The Global Mind20 March 2013 By Ben Carsley, Editor/Writer (@BC_PYMNTS)The early hours of PYMNTS.com’s The Innovation Project 2013 featured no shortage of star power. With Market Platform Dynamics CEO Karen Webster leading off the event with a unique take on innovation and the “Oracle of Omaha” Warren Buffett offering his wisdom to the crowd, the bar was set very high for the event’s first panel. Fortunately, former Vice President Al Gore was up to the task, calling in live from London to speak about payments, innovation and his take on a concept he says he’s been developing for years: the Global Mind. ... “When Bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards.
I think the fact that within the Bitcoin universe an algorithm replaces the functions of [the government] … is actually pretty cool,” Gore said. ... http://www.pymnts.com/briefing-room/commerce-3-0/the-innovation-project-2013/al-gore-speaks-on-mobile-money-and-the-global-mind/ |
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The early hours of PYMNTS.com’s The Innovation Project 2013 featured no shortage of star power. With Market Platform Dynamics CEO Karen Webster leading off the event with a unique take on innovation and the “Oracle of Omaha” Warren Buffett offering his wisdom to the crowd, the bar was set very high for the event’s first panel. Fortunately, former Vice President Al Gore was up to the task, calling in live from London to speak about payments, innovation and his take on a concept he says he’s been developing for years: the Global Mind. ... “When Bitcoin currency is converted from currency into cash, that interface has to remain under some regulatory safeguards.
I think the fact that within the Bitcoin universe an algorithm replaces the functions of [the government] … is actually pretty cool,” Gore said. ... http://www.pymnts.com/briefing-room/commerce-3-0/the-innovation-project-2013/al-gore-speaks-on-mobile-money-and-the-global-mind/ |
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Ouch.  Fixed, sorry, ty. |
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20-03-2013 Reddit: IAMA Nassim Taleb - Bitcoin is the beginning of... Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. But I am not familiar with the specific product to assert whether it is the best potential setup. And we need a long time to establish confidence. I only talk from skin-in-the-game. If I had money in bitcoin, I would have reported it. But I don't yet. I am waiting to understand it better, not with my brain, but with my experience... http://www.reddit.com/r/IAmA/comments/1aoi0s/iam_nassim_taleb_author_of_antifragile_ama/c8zb3d8/ |
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Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative. But I am not familiar with the specific product to assert whether it is the best potential setup. And we need a long time to establish confidence. I only talk from skin-in-the-game. If I had money in bitcoin, I would have reported it. But I don't yet. I am waiting to understand it better, not with my brain, but with my experience... http://www.reddit.com/r/IAmA/comments/1aoi0s/iam_nassim_taleb_author_of_antifragile_ama/c8zb3d8/ |
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I quipped that we were truly in the future: we have a decenteralized cryptocurrency, and one of its developers exists in brain-in-a-jar state.
We do indeed live in the future, and the OP has been dealt a strange hand. It gives me pause, to think that... Hal Finney may outlive every other person in this thread. If things turn out well for Humanity, as well as we can reasonably hope — better than we fear; It should not completely surprise me then, if — some few, or many decades hence, OP were to visit the Internet Archive of that age, and in his curiosity revisit this page, and perhaps also, after a moment of reflection, weep for those who wept for him, — the people who were still alive. ...I should send Alcor an email, ask them about their stance toward Bitcoin, despite, for now, being out of their reach for geographical reasons... www.lesswrong.com/lw/1ab/dying_outside/15jj | www.alcor.orgOh, and for the love of all that is good, every one of you; keep breathing. |
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Josh and Sonny are moving $1MM pay offs to others in the scam and shutting it down?
No. That would be overtly illegal and stupid. They are not stupid. They would need to "fail", i.e. shut down the company first. 3 outcomes: Shut down, go bankrupt or deliver. Each is a win for BFL and a loss for the customer. (Yes for sure including delivery.) Why would they need to pay anyone off? I'm sure they can afford very nice wages. |
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that is a really good point except I believe BFL took the majority of their money in USD and converted BTC immediately through an intermediary. So, I think they are left with just receiving around $20 million. So, I do not think they can "fail", refund the money and walk away rich. I think they need to stiff everyone if they want to be rich.
It may be revealed that they converted enough customer funds into dollars to cover their expenses, through BitPay, the intermediary, while keeping the rest in Bitcoin. BitPay should have (but will be unable to reveal this information) except if a judge orders them to do so. BFL, on the other hand, could freely choose to reveal this information, and thus prove their honesty, if they were in fact honest. |
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I never knew he was convicted of lottery scam. Are you able to back that up?
For a summary, please see: Butterfly Labs CEO 25 Million USD Mail Fraud
Please note that: So far, the first wave of customers for the ASIC line have lost 90% of their Bitcoins for nothing in return. In a nutshell: This means that BFL can, at their leisure, "fail", then, refund the dollar value of every order placed since last summer, and walk away with many, many, many million dollars worth of Bitcoin denominated profit. This bears repeating: IF BFL FAILS, the owners of the company stand to earn tens of millions of dollars. Very clever scheme, cery simple mechanics. At any rate, it's WIN/WIN for BFL. LOSE/LOSE for their customers. Let the world know!
Also note that there has, supposedly, been a change in leadership. Nasser Ghoseiri* has, allegedly replaced Vleisides as Chief Executive. Nasser is a France based Iranian expatriate, currently employed by Société Générale, the bank, in Paris. Who is charge of day-to-day operations for BFL in Kansas remains unknown, and they decline to answer inquiries into the matter. Again, please read: Butterfly Labs CEO 25 Million USD Mail Fraud
*https://www.facebook.com/nasser.ghoseiri |
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I just have to do the documentation.
I'm sure there are plenty of us who would like to contribute, if we can. |
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