"What follows is my response to a question that was posted on the Rugatu website asking, "What is the legal status of Bitcoin?" After composing this over the course of 10 minutes or so, I realized I liked the response, and decided I want to "polish it up" into a better op-ed style article. Any feedback, positive or negative (though keep it constructive, please) is appreciated.Read more »
It’s Illegal to Resell iTunes Songs Online, Court Rules
Digital music cannot be sold secondhand over the Internet, even if the seller deletes the original file, a federal judge ruled last week.Read more »
Porsche Sells For 300 Bitcoins In Latest Sign The Virtual Currency Is Going Kablooey
Somebody in Texas claims they just sold a Porsche for 300 bitcoins, the latest sign of a bitcoin bubble. Or the rise of our new bitcoin overlords.
An Austin family bragged Tuesday night that it had sold a 2007 Porsche Cayman S for 300 bitcoins, a virtual currency that has long been little more than a curiosity for financial reporters but is suddenly breaking into the broader consciousness, maybe just in time for the whole thing to go kablooey.Read more »
"They herald 3D Printing as a revolutionary and disruptive technology, but how will these printers truly affect our society? 3D Printing could have a game-changing impact on consumer culture, copyright and patent law, and even the very concept of scarcity on which our economy is based. From at-home repairs to new businesses, from medical to ecological developments, 3D Printing has an undeniably wide range of possibilities which could profoundly change our world."
Ironically, they include this disclaimer/notice (emphasis added):Read more »
This guy is brilliant! A hilarious take on the sequester and debt ceiling. David Angelo is quite a talent.Read more »
We Have Ghost Estates: China Has Ghost Cities
A $19 billion development in Zhengzhou, packed with blocks of empty apartmentsRead more »
High taxes force more Americans to renounce their citizenship
Angry about the latest tax hikes? Each year, thousands of Americans pack their suitcases, rip up their US passports and move permanently overseas to prevent Uncle Sam from taking their money.Read more »
One of my friends recently got into a debate over monetary issues. It seems there’s a rather large number of US residents that are unaware of what makes money good or bad. To alleviate this, I’m going to list the properties any good currency should have. I’ll also compare 3 currencies to see how they measure up: the US Dollar (aka Federal Reserve Notes), precious metals (gold and silver), bitcoin.Read more »
What is a Federal Reserve Note and how does it serve as the basis for the State's claim to authority? This is a paper I wrote to answer this question. It may not be great material for the show, but I wanted to get the link listed on FTL in case people would like to read it on their own. Thanks!Read more »
A Texas mother says she’s outraged after learning that her 7-year-old son’s teacher makes students “pay” to use the bathroom. "I was absolutely appalled," Sonja Cross told NBC 5. "I could not believe it." The J.O. Davis Elementary teacher requires students to pay for trips to the toilet with “Boyd Bucks,” fake money the first-year instructor uses to reward the children for good behavior. Cross said she found out about the unusual system after her son wet his pants during school because he didn’t have enough “Boyd Bucks” for a bathroom run.Read more »
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