• 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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  • Jun 6, 2016
  • Caleb Chen
  • Bitcoin, Governments, News,

Now that PayPal has left Turkey, Turks should use Bitcoin




The nearly 75 million residents of Turkey will be unable to use PayPal to pay for online goods starting June 6th, 2016. PayPal’s decision to pull out of Turkey resulted from the expiration of a required financial license. Rather than risk the ire of Turkey’s financial regulator, PayPal will withdraw from Turkey. Users will only … Continue reading “Now that PayPal has left Turkey, Turks should use Bitcoin”

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The DAO raises $100 million: How the old world really can’t comprehend the new world




The crowdfunding to the investment company “The DAO”, which has exceeded one hundred million US dollars and counting, has the old world in confusion. “How can something leaderless run a company, or be trusted with an investment?”, we hear. This shows the real depth of the digital divide. The DAO – short for Distributed Autonomous … Continue reading “The DAO raises $100 million: How the old world really can’t comprehend the new world”

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