• 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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Bitcoin, Taxation, and the Systemic Necessity of Allowing Privacy

As you start using bitcoin, you start questioning the nature of money – or the nature of central bank money, anyway. If you go deeper down the rabbit hole, you discover that central-bank money and the formation and power of government are closely linked – you start to discover origins of money, origins of large-scale … Continue reading “Bitcoin, Taxation, and the Systemic Necessity of Allowing Privacy”

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After Paris Attack Where Terrorists Used Cleartext Communications and Credit Cards, Police State Hawks Demand a Ban of Encryption and Bitcoin

It didn’t take long after the Paris terror attacks for police state hawks to demand more police powers. Bans on encryption have been suggested, as well as regulation of bitcoin by European interior ministers. But as it turns out, the terrorists communicated in cleartext and used their own traceable credit cards. This shows how police … Continue reading “After Paris Attack Where Terrorists Used Cleartext Communications and Credit Cards, Police State Hawks Demand a Ban of Encryption and Bitcoin”

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New Financial-Privacy Service Lets You Buy Bitcoin Directly From Mines, Challenges Concept Of Money Laundering

An exciting new service lets private individuals buy bitcoin directly from the bitcoin mines for the first time. The obvious advantage of doing so is the accompanying gains in privacy: freshly-mined coin have no history, and therefore, can’t be traced. The downside is that the usual technology luddites will throw a fit and call it … Continue reading “New Financial-Privacy Service Lets You Buy Bitcoin Directly From Mines, Challenges Concept Of Money Laundering”

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Tax Authority Demands Customer Data From Bitcoin Exchange: Demands Trackability Of Everybody’s Past, Present, And Future

The Swedish Tax Authority has demanded the full customer transaction history, specifically including customers’ wallet addresses, from the small Swedish bitcoin exchange BTC-X. This demand comes without any individual suspicion of crime, or indeed any suspicion of crime at all, even in general. As this would enable trackability of everybody’s financial past, present, and future, … Continue reading “Tax Authority Demands Customer Data From Bitcoin Exchange: Demands Trackability Of Everybody’s Past, Present, And Future”

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New Bank Rules Make Monetary Privacy As Important As Data Privacy

We’ve learned the hard way over the decades that if you don’t have physical control of your data, it’s not your data. With the new bank account confiscation rules coming in place, this applies to finance, too: if you don’t have physical control of your money, it’s not your money. So there you have it. … Continue reading “New Bank Rules Make Monetary Privacy As Important As Data Privacy”

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Credit Cards, Bitcoin, And Understanding Of Information Hygiene

There is an alarming lack of understanding of basic information hygiene among people at large. In the next decade, this is going to come back to bite quite a few people – but a better understanding of privacy is going to come from it. I sometimes explain the concept by thinking of credit cards, which … Continue reading “Credit Cards, Bitcoin, And Understanding Of Information Hygiene”

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