• Sep 19, 2017
  • Glyn Moody
  • Bitcoin, Governments, News, Privacy,

Me, my data and I: Decode and the future of the personal data economy

It’s no secret that personal data has become the key commodity of the online business world. The Internet giants – Facebook, Google, etc. – all provide their services “free”, but make money from the detailed profiles they create of our activity as we use social networks and move around the Web. Since we don’t have … Continue reading “Me, my data and I: Decode and the future of the personal data economy”

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European Union preparing to disable ATM withdrawals when banks are insolvent

The European Union is preparing measures that would freeze savers’ assets in banks when the solvency of the bank is in question, to prevent a “run on the bank” and a certain failure of the bank in question. This follows a long string of rather questionable practices that set the overall solvency of the banking … Continue reading “European Union preparing to disable ATM withdrawals when banks are insolvent”

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  • Jun 15, 2017
  • Caleb Chen
  • Bitcoin, Governments, News,

These are the 4 Senators that want to create a way to track your digital currencies at the US border

A new bill, S.1241 – Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017, would make it a money laundering offense to cross the American border with more than $10,000 in undeclared cryptocurrency. The stated goal of this legislation is to bolster America’s “border protection strategy to interdict and detect prepaid access devices, digital … Continue reading “These are the 4 Senators that want to create a way to track your digital currencies at the US border”

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  • Jun 3, 2017
  • PIA Team
  • Bitcoin, News,

On Bitcoin UASF: Private Internet Access stands with the People

Private Internet Access was one of the first VPN providers to accept Bitcoin as payment for our VPN service back in early 2011 on the #Bitcoin-OTC channel on IRC. Since then, Bitcoin has grown into a truly mature, decentralized network with widespread usage across the globe. This is both good and bad; while Bitcoin’s utility … Continue reading “On Bitcoin UASF: Private Internet Access stands with the People”

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  • Jun 1, 2017
  • Glyn Moody
  • Bitcoin, Governments, News, Privacy,

Why the Chinese love clunky QR codes, despite privacy and security shortcomings

As you may have noticed, there’s a lot of interest in bitcoin at the moment. According to one analysis, a key factor driving the digital currency to record highs is rising demand from China. That may be true for serious investors there, but for most of China’s billion-plus citizens, when it comes to digital payments, … Continue reading “Why the Chinese love clunky QR codes, despite privacy and security shortcomings”

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How cryptocurrency will cripple today’s governments – and they won’t see it coming

Cryptocurrency will cripple governmental ability to collect taxes, and they won’t see it coming. When it’s already happened, expect major changes to take place in how society is organized on a large scale – but also expect governments to act in desperation to retain control. As bitcoin launched in 2009, most early adopters saw its … Continue reading “How cryptocurrency will cripple today’s governments – and they won’t see it coming”

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Old lady denied exchanging life savings in old banknotes for new issue; could not prove innocence of money; dies

Ethel Hülst had saved for some old-age luxury all her life, cash-in-mattress style, and wanted to exchange her old-issue-note savings for new-issue banknotes. Faced with demands of proving where her cash came from, she could not produce receipts that would have been older than a decade. The Central Bank denied her an exchange of issue, … Continue reading “Old lady denied exchanging life savings in old banknotes for new issue; could not prove innocence of money; dies”

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The war on cash being justified as “necessary against organized crime” is the worst excuse ever

There is a “war on cash” going on from the central banks, trying to reduce the usage (and personal storage) of cash. This is something that makes sense as a power move against the common people in a time of forced negative interest rates, but it is a shocking reduction of liberty and privacy (of … Continue reading “The war on cash being justified as “necessary against organized crime” is the worst excuse ever”

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