Monthly Archives: March 2014

Bitcoin Will Expose The Fallacy Of Derivatives

Bitcoin has caused the entire human race to wrestle with many of the contrived financial instruments of the last century and it’s about to do the same of what is perhaps the biggest albatross around the neck of the current … Continue reading

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The View Of The Internet In 1994

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Why You Can’t Trust Banks AND Regulators

(Reuters) – The Federal Deposit Insurance Corp sued 16 of the world’s largest banks on Friday, accusing them of cheating dozens of other now defunct banks by manipulating the Libor interest rate. The global financial institutions broke certain swaps contracts … Continue reading

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Exchanges Are Risky, But Compared To What?

The Mt. Gox collapse is still in the news and probably rightfully so. It is now in the front page news more than the Enron collapse ($62 Billion). And it is grabbing headlines like the Bear Sterns collapse did in … Continue reading

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Bitcoin And Tax Havens

The Commission de Surveillance du Secteur Financier (CSSF), the government body responsible for financial regulation in Luxembourg,on 14 February, issued a release detailing its treatment of digital currencies as well as its expectations for bitcoin businesses. …the communique included familiar … Continue reading

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Mt Gox Faux Bitcoin?

I read a lot of reports with some really, really high numbers of “Bitcoin” that Mt Gox either lost or had stolen but who can say whether they even existed? When a customer sent a money wire into Mt Gox … Continue reading

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