Her boss and the legal team at Newsweek definitely approved of this article before it was released. They aren't going to fire her for shit.

After looking at the rest of this women's "articles" it's pretty clear shes just a hack who needed any story to save a career that was anything from noteworthy.Her previous stories are just human interest pieces dressed up as real news.

Very Interesting, Well done!

A vulnerability that's only a problem for ass hats who don't update their code...

If you're really talking long term than you have to ignore short term volatility. Bitcoin's price relative to fiat is volatile because its so young. Trying to deal with that problem and the deflation issue, which wont actually be a problem until many years from now, will get you nowhere.

Deflation is not a bad thing, most currencies were mildly deflationary up until the last 150 years or so. Recessions were more frequent but shorter and of lower magnitude. I would recommend reading the first few sections of "A Histroy of Money and Banking", it talks about deflationary systems that worked extremely well in addition to free banking systems, where banks could issue their own currency (similar to bitcoin in that we now have currency competition within countries). There is a lot of economic theory that says that deflation is not bad in an of itself readily available on Google.

The problem lies in the fact that we are so used to inflationary currencies that our economic system needs this inflation to survive. Without inflation governments cannot pay their massive debts. We live in a credit based economy where outstanding debt far exceeds the money supply. Think of it this way, people in debt love inflation, because money they owe is worth less and less as time progresses. Banks account for this via the interest rate they charge on loans. Because we live in a system where most people are in debt, a deflationary currency could be problematic. However, if you aren't in debt its a great system, one that doesn't penalize you for saving money (as is the case currently).

Also take a look at this article http://globaleconomicanalysis.blogspot.com/2014/02/deflation-theory-reality-check-why.html

which pretty much obliterates the idea that deflation results in consumers holding off purchases and thus crashing the economy. All in all both inflationary and deflationary systems have drawbacks, bitcoin simply represents the first instance in history where consumers can put their faith in a currency that can never be inflated.

Uh at least every quarter and more often if their is material non-pubnlic information that gets released...

Updated general guidance can be found here

http://www.fincen.gov/news_room/nr/pdf/20140130.pdf

This is great news!

Sounds like the federal bureaucracy all right

They are also offering hash at a price that is far too good to be true, even with difficulty increases their contracts are profitable after less than a month.

Compare that to other cloud mining companies who are offering contracts that will be underwater after the next difficult increase and well, if it seems too good to be true it probably is.

+1

me too, thanks for the work you guys put in to handle this, much appreciated

Did you ever receive a response?

That would require the SEC to get off their asses and finalize the crowd funding regulations.

This is largely irrelevant, look at the market cap of US companies compared to the total money supply in the US.

Market Cap for all US companies (2012): 18.7 trillion USD

http://data.worldbank.org/indicator/CM.MKT.LCAP.CD?order=wbapi_data_value_2012+wbapi_data_value+wbapi_data_value-last&sort=asc

Total M1 Money Supply (Dec 2012): 2.4 trillion USD

http://www.federalreserve.gov/releases/h6/current/

Comparing money supply to market cap is meaningless. Granted their is a tighter link between AM and Bitcoin than the general economy of the US and M1 but that doesn't change the fact that this comparison doesn't really say anything. Using your logic should one be worried that at the end of 2012 Apple's market cap represented 10% of the money supply? Does apple really sell 10% of all products or generate 10% of GDP? Of course not.

It seems like every page of this topic has someone forgetting this

So first off I haven't read the whole thread so my apologies if this has already been discussed.

This is really cool and I dont want to be a down but in todays economy M1 is pretty much a meaningless number Becuase of the way banks have been allowed to inturpet the definitions of M1 and M2, and increasing intervention by the Fed M1 has become less and less relevant. If we want an accurate picture we should really be comparing to M2.



In the last 30 years M1 has stayed relatively constant while M2 has skyrocketed, it is largely due to the advent of electronic ways of spending money, people are much less likely to spend physical cash then they were 30 years ago.

Also comparing the bitcoin market cap to M1 is not apples to apples. You would need to adjust for all coins in cold storage, anything invested in bitcoin denominated securities, and bitcoins in abandoned wallets. Also all of the winkelvoses bitcoins wouldn't count(~1%) because a) they are in cold storage and b) they are going to be used to back their bitcoin fund with takes them out of M1.

M2 would be a better comparison see here:

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2215rank.html

but you would still have to account for any bitcoins invested in bitcoin stock markets.

No, most countries don't even care what the UN says much less what some other country says

Soros likes to fuck anything that will make him tens of millions of dollars

I saw this and went to move more coins into my btc.co account, by the time 3 confirmations had happened price was already back up more than .5 btc...I blame you matuszed