World Paper Money To Be Replaced By Electronic-Digital Currency

Silk Road was shut down and the FBI has arrested the man who runs and created the most sophisticated online drug bazaar to date. Ross William Ulbricht was arrested on Tuesday afternoon charging him with drug trafficking, money laundering and computer hacking, according to CNN Money on Oct. 2.

In the beginning it was the crime. People would offer to sell something for free bitcoins and not pay. Or offer to sell bitcoins and never deliver. You get this in almost every online marketplace. It erodes the trust in the system and is common. Most internet savvy folks know just how to prevent the worst of it. Since bitcoins is still confined mostly to techies, it has been even less of a difficulty. Sites instantly sprang up that listed trustworthy sites, buyers and sellers as well as those never to do business with. The machine was self policing in a nutshell order.

Yesterday, while a number of banks were closed, bitcoin decided to break another major psychological barrier, and is now trading at above $100 USD per coin. At the moment, bitcoin superstar österreich is trading at $118 USD/BTC. There is very little resistance to further price increases, so expect the price of bitcoin to rise very rapidly over the next few weeks. These are also record highs for the currency. You can watch the price of bitcoin rise and fall here, as well as see what the record books for asks and bids are, which will help you determine how easily it would be to move the price to a certain point.

12/20: Mike Weeks, who made the documentary Drawing Dead, joins us to answer questions about his film regarding online poker. [Visit Website] [Download MP3].

12/8: This week’s show takes a look at a number of stories, from more Reid/Kyl support (or the lack thereof), New Jersey taking another crack at online gaming, and the UK thinking about new ways to tax offshore online providers. [Visit Website] [Download MP3].

There are some scenarios of for failure that could happen to Bitcoins. These include a currency devaluation, a declining user base and a global government crackdown on the software and exchanges.

The next question that may logically follow is, “do I really need a Valcambi CombiBar Gold payment system; will things ever really get that bad?”. Well, the obvious answer to that is “I sure hope not”.

JK: As it evolves and it becomes more real, you’ll see more competition, but I got a lot of support when we had problems last year, I made a lot of great friends like Charlie Shrem from BitInstant. Right now it’s true that some people hate each other, but we all want to see it succeed. When something bad happens it makes the whole place look bad, so it reflects on all of us.

Releated

Upholstery cleaning – An Overview

You are helping to maintain an inviting, clean space by cleaning your furniture at home. Your cushions and upholstery hold the dust that accumulates on your furniture. This can impact your mood about your family and home. Regular cleaning is crucial to keep your upholstery and cushions clean. There are a myriad of upholstery cleaners. […]