The Department of Homeland Security appears to have shut down the ability to use Dwolla, a mobile payment service, to withdraw and deposit money into Mt. Gox, a Bitcoin trading platform. A Dwolla representative confirmed the move to Betabeat. Chris Coyne, cofounder of OKCupid, posted a screenshot of an email he received from Dwolla, stating that due to recent orders from the Department of Homeland Security, Dwolla cannot complete the bank transfer to Mt. Gox.Read more »
Sen. Tommy Tucker of Waxhaw said a mouthful with just 13 words on Tuesday.
“I am the senator. You are the citizen. You need to be quiet.”Read more »
The Disneyfication of Times Square really has come full circle—the formerly gritty crossroads of the world has become so family-friendly that it's starting to become seedy again, thanks to a mob of street hustlers dressed as cartoon characters demanding tips from tourists. On Sunday, a man dressed as Cookie Monster allegedly shoved a child and cursed at his mother when she didn't tip fast enough, and several other characters have been arrested in recent months. The situation has attracted so much media attention that now regulation is being considered.Read more »
A mystery meat, which has defied the best efforts of scientists to identify it, has been found in a lamb curry as part of an investigation into food fraud.‘It did contain meat, but that meat was not lamb, not pork, nor was it chicken or beef. Not horse, and not goat either.’ The discovery raises new questions about just what is going into the nation’s takeaways and processed foods. The meat in a Beef in Black Bean Sauce dish turned out to contain high levels of chicken material including blood, while a burger contained no beef at all, other than blood and heart.Read more »
Despite threats of big fines by state banking regulators, the owner of a Shadyside (Pittsburgh, Pa) ice cream shop who opened his own version of a community bank last summer isn't abandoning his mission.
"We are taking on the challenge of transforming the retail banking industry," his website states.
"PA dept of banks threatening us ... we keep growing," he tweeted in late December.
Instead of deposits he is offering "never-ending gift cards." (More hilarious examples of how this ice cream shop/bank owner is getting around regulations in the article).Read more »
"Dizzying but invisible depth" - an article on the complexity of technology, why the patent system is broken, and, indirectly, a demonstration of why central planning cannot be effective in complex settings.Read more »
The federal agency charged with enforcing the nation's laws against money laundering has issued new guidelines suggesting that several parties in the Bitcoin economy qualify as Money Services Businesses under US law. MSBs must register with the federal government, collect information about their customers, and take steps to combat money laundering by their customers. The new guidelines do not mention Bitcoin by name, but there's little doubt which "de-centralized virtual currency" the Financial Crimes Enforcement Network (FinCEN) had in mind when it drafted the new guidelines.Read more »
Could something like this happen to Bitcoin? FTA: "In a criminal case sure to make programmers nervous, a software maker who licenses a program used by online casinos and bookmakers overseas is being charged with promoting gambling in New York because authorities say his software was used by others for illegal betting in that state. New York authorities say that about $2.3 million that Robert Stuart and his company, Extension Software, received in cash and money orders for licensing his software constitutes direct proceeds of illegal, U.S.-based bookmaking operations."Read more »
Controversy has erupted over next Tuesday's European Parliament resolution "on eliminating gender stereotypes in the EU", meant to mark international women's day, after libertarian Swedish MEPs from the Pirate Party spotted the call for a ban in the small print.
The proposal "calls on the EU and its member states to take concrete action on discrimination against women in advertising... [with] a ban on all forms of pornography in the media".
N.C. Mountain Man Fights To Preserve Old Ways
Primitive retreat too primitive for government officials
By Don Carrington Dec. 17th, 2012
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BOONE — Watauga County mountain man Eustace Conway’s passion for teaching primitive living came to a sudden halt in October when local government officials shut down his operation, citing safety and healthRead more »
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