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Unlike Bitcoin, The Bank Of Japan Changes Goalposts AgainThe Bank of Japan announced earlier this week that it would abandon its target for expanding the money supply (set at 80 trillion yen annually) and focus on targeting a zero percent yield on the 10-year government bond. The move comes after years of targeted quantitative easing failed to have an impact on inflation and boost the economy. The Yen has appreciated since the announcement, indicating doubts about whether the Central Bank has enough tools in its arsenal to maintain near zero long-term interest rates. Read more here
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Donald Trump urges ban on Muslims coming to UShttp://www.bbc.com/news/world-us-canada-35035190
Republican presidential candidate Donald Trump has called for a halt to Muslims entering the US, in the wake of the deadly California shootings.
He said in a campaign statement the border shutdown should remain "until our country's representatives can figure out" Muslim attitudes to the US.
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Most Americans Say Send Ground Troops to Fight ISIShttp://edition.cnn.com/2015/12/06/politics/isis-obama-poll/
For the first time in CNN/ORC polling, a majority of Americans (53%) say the U.S. should send ground troops to Iraq or Syria to fight ISIS. At the same time, 6-in-10 disapprove of the President's handling of terrorism and 68% say America's military response to the terrorist group thus far has not been aggressive enough.
Overall, 60% say the U.S. military action against ISIS forces in Iraq and Syria is going badly, that's actually an improvement since October, when 67% said things were going poorly.
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Heat wave kills more than 1,100 in Indiahttp://edition.cnn.com/2015/05/25/asia/india-heatwave-deaths/Stifling heat has killed more than 1,100 people in India in less than one week.
The worst-hit area is the southeastern state of Andhra Pradesh, where authorities say 852 people have died in the heat wave. Another 266 have died in the neighboring state of Telangana.
India recorded its highest maximum temperature of 47 degrees Celsius -- 117 degrees Fahrenheit -- at Angul in the state of Odisha on Monday, according to B.P. Yadav, director of the India Meteorological Department.Somehow, this has not attracted too much attention. If this was a cold wave, it would have made the headlines much earlier
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If you can't beat them, join them.  http://www.telegraph.co.uk/culture/books/booknews/11517877/Mindy-Kalings-brother-pretended-to-be-black-to-get-into-medical-school.htmlChokalingam was motivated to commit the fraud by the fact that he had a relatively low Grade Point Average of 3.1. Suspecting that certain US universities were employing affirmative action and positively discriminating in favour of candidates with an African American background, he decided to "test" his theory by rebranding himself as a black man.
As well as shaving his head and trimming his lashes, Chokalingam also applied to colleges using his middle name, Jojo (his parents were inspired by the African American basketball player Jo Jo White) and emphasised the fact that he had spent time in Nigeria as a child in interviews.
According to his website, as a "black" candidate with a 3.1 GPA, Chokalingam was considered by medical schools including Harvard, Pennsylvania and Columbia, and was eventually accepted by St Louis University in Missouri |
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Why Some Bitcoin Exchanges Might Die in 2015http://www.coindesk.com/bitcoin-exchanges-might-die-2015/The recent levelling out of bitcoin’s price volatility might be good news for everyday bitcoin users, but could it send a bunch of exchanges off the cliff?
CoinDesk recently spoke to the CEO of a company whose fortune depends on the health of bitcoin exchanges. In the off-record conversation, the exec had something disturbing to say: bitcoin’s falling volatility is causing problems for exchanges, which rely on volatility for trading volume. Without trading volume, their revenues will fall, leading to a shakeout in 2015.
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Gregory Maxwell: How I Went From Bitcoin Skeptic to Core Developerhttp://www.coindesk.com/gregory-maxwell-went-bitcoin-skeptic-core-developer/Bitcoin holds a lot of promise as a decentralized currency, but there are many technical issues to be tackled as adoption increases.
No one knows this better than core developer Gregory Maxwell, who has been contributing to bitcoin’s software since the early days.
A long time open-source and cryptography advocate, Maxwell was an early contributor to Wikipedia and worked for the Mozilla Foundation. He is now a co-founder of Blockstream, which has raised $21m with ambitious plans to push forward the development of bitcoin to better secure its future.
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How 'Bitbanks' Could Solve Bitcoin's Volatility Problemhttp://www.coindesk.com/bitbanks-solve-bitcoins-volatility-problem/
Bitcoin is actually very similar to another successful currency whose supply was basically fixed in the short run: gold. So the logical question is, why wasn’t gold as volatile as bitcoin is now?
Once people started using banknotes and checks instead of gold coins, this gave banks the ability to expand M beyond the relatively fixed supply of gold. And where these banks were least hobbled by regulation (for example, in Scotland), making loans on a fractional-reserve basis actually tended to keep MV fairly stable.
Similarly, we might expect to see banks arise on the bitcoin platform, issuing banknotes ('bitnotes'?) and making loans, and ultimately stabilizing the value.
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Russia Reconsidering Bitcoin Ban in 2015https://www.cryptocoinsnews.com/russia-reconsidering-bitcoin-ban-2015/
The Russian Ministry of Finance earlier this year drafted a bill to ban Bitcoin and other “quasi-money” in 2015. The latest news is that the draft law is in need of major revision as the Russian Ministry of Economic Development has not approved the draft in its current form. This is certainly not because of the desire to enhance freedom and liberty for Russian citizens, but because it may hurt Russian corporations ability to attract new business.
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“The Oracle of Omaha,” Warren Buffet: “Stay Away From Bitcoin”https://www.cryptocoinsnews.com/warren-buffet-stay-away-from-bitcoin/Here is Warren Buffet’s view on Bitcoin, which was second on a list of his most-heeded advice for 2015 investing:
“Stay away from it. It’s a mirage, basically. … It’s a method of transmitting money. It’s a very effective way of transmitting money, and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope Bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways, and it will be. The idea that it has some huge intrinsic value is just a joke in my view.”
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