HIGHLY POTENT NEWS THAT MIGHT CHANGE YOUR VIEWS

economy

PayPal’s Support Is the Best Thing That Could Happen to Bitcoin

by Marcus Wohlsen
WIRED
Sept 9, 2014

Casascius/CC

Fairly or not, bitcoin still has an image problem. For every VC who extols the innovative power of the digital currency, pop culture still sees it as a way for the paranoid cyber-libertarian to shop for black-tar heroin on the Silk Road. All the more reason, then, that bitcoin fans should rejoice that, in a move announced Monday at Techcrunch’s Disrupt conference, PayPal is supporting the crypto-currency on its Braintree payments platform. When the internet’s most mainstream brand for moving money embraces a technology, it’s hard to see that system as a fringe operation.

Not that you’ll be buying Beanie Babies on eBay with bitcoin just yet. For non-financial tech nerds, Braintree is a startup bought by PayPal last year that creates tools for software developers to easily integrate payments into apps and websites. Instead of being shuttled off-site or out-of-app in the manner of the traditional PayPal payment flow, everything happens in-app, in exactly the way individual developers want. In supporting bitcoin—an increasingly popular currency driven by open source software running across a worldwide network of machines—Braintree is allowing developers on its platform to effectively flip a switch and add bitcoin to the payment methods they accept.

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[hat tip: World Crypto Network]


Yes to What? – The Scottish Conundrum

scotindyby James Corbett
The Corbett Report
Sept 17, 2014

This article originally appeared in The Corbett Report Subscriber newsletter on September 13, 2014. To subscribe to the newsletter and become a member of The Corbett Report website, please sign up for a monthly or annual membership here.

This week the Scots will go to the polls to answer a deceptively simple question:

“Should Scotland be an independent country?”

The question’s simplicity belies the enormity of what is being asked. In centuries past, such a sovereignty proclamation would only have been delivered at the end of a sword after the spilling of much blood. Today the fates of nations are decided by referendum…sort of.

You see, the question is extremely simple, and, in the words of at least one Canadian commentator who finds its precision refreshing after the convoluted tangle of Quebec’s sovereignty referendum questions, “crystal clear.” But is it really? After all, what does it mean to be an “independent country?” Does that mean passport sharing with the UK? Military association? An independent currency? EU membership? NATO membership? Will Scotland keep an allegiance to the crown? Will it become a commonwealth nation? There are no answers to these questions because none of those details have been worked out yet. For now, nationalist politicians are content to leave voters to fill in the blanks.

But these are not trivial questions to be asking. In fact, they go to the very heart of what is meant by “sovereignty” and “independence.” What’s more, Scotland, insofar as it is fast becoming the envy (and the role model) for independence movements around the globe, could potentially be setting precedents for future events in Catalonia or Veneto or elsewhere. In effect, they are setting down the definition of freedom for others to strive toward, so their answer to this string of questions might make the difference between true independence and what could very easily be just another form of dependence.

To see how this is the case, let’s examine some of these questions.

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VIDEO — Scottish Independence or Scotland In Dependence? – Geneva Business Insider

Geneva Business Insider
Sept 10, 2014

This month on the Geneva Business Insider, James and David preview next week’s Scottish independence vote and the various political forces that are clashing as the Scottish people go to the polls. We discuss the push for NATO membership, EU membership and a central bank for “free” Scotland and how it undermines the entire push for independence. We also examine the latest on the ceasefire in Eastern Ukraine and the specter of a cyber-hacking bank bailout.


PODCAST/VIDEO — Karen Straughan Interview, Pt.2 – “Feminism: Socialism & Eugenics in Sheep’s Clothing” – #210 | Gnostic Media

Gnostic Media
Aug 28, 2014

GM_210

This episode is about feminism, socialism, eugenics, freedom, social control, and is called “Feminism: Socialism & Eugenics in Sheep’s Clothing”, and was recorded on Wednesday, August 20, 2014, and released on Thursday, August 28, 2014.

Karen Staughan is back for part 2 on feminism with Gnostic Media.

GirlWritesWhat is a divorced mother of three, university drop out, and author of erotica who also writes and vlogs about gender issues. She considers herself both anti-feminist and anti-traditional, and has characterized feminism as “paternalism in lipstick”. She describes her philosophy as the radical notion that women are adults.

Other episodes cited in this episode:

Karen’s first interview at Gnostic Media:
http://www.gnosticmedia.com/karen-of-girlwriteswhat-interview-the-femanist-fallacy-146/

Curtis Duncan interview – “The Conspiracy to Feminize Males & Masculinize Females” – #149 (members only):
http://www.gnosticmedia.com/curtis-duncan-interview-the-conspiracy-to-feminize-males-masculinize-females-149/

Websites:

Karen’s Blog:
http://owningyourshit.blogspot.com/

GirlWritesWhat on Youtube:
http://www.youtube.com/user/girlwriteswhat
Vice.com
http://www.vice.com/read/is-reducing-the-male-population-by-90-percent-the-solution-to-all-our-problems?fb_action_ids=10204673741392484&fb_action_types=og.comments&fb_source=aggregation&fb_aggregation_id=288381481237582
Femitheist calls for genocide on men:
http://www.fstdt.com/QuoteComment.aspx?QID=87815
http://unknownmisandry.blogspot.com/2011/07/krista-jane-heflin-misandric-fixation.html

Femitheist “Suicide”:
http://www.avoiceformen.com/a-voice-for-men/femitheist-divine-suicide/

Femitheist suicide hoax:
http://mattforney.com/2012/07/30/krista-jane-heflins-suicide-was-a-hoax/

Hot Crazy Matrix – A Man’s Guide to Women:
https://www.youtube.com/watch?v=hKWmFWRVLlU

Send Bitcoin donations for this episode to:
12EQTDMzU5mxtEd8ZfyrHrxABZi3jtaCCo

Please make other forms of donations here:
http://www.gnosticmedia.com/donate/


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VIDEO — Keiser Report: Bitcoin Independence! E646

Keiser Report
Aug 28, 2014

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the high cost of helping politicians with low rates . . . from the increase in the cost of raising a child to the Greater Depression in Europe. And yet, it is the voter who reelects the politicians based on cheap money induced house price rises. In the second half, Max interviews filmmaker and bitcoin enthusiast, Julia Tourianski, about her online video, The Declaration of Bitcoin’s Independence.

WATCH all Keiser Report shows here:
http://www.youtube.com/playlist?list=… (E1-E200)
http://www.youtube.com/playlist?list=… (E201-E400)
http://www.youtube.com/playlist?list=… (E401-600)
http://www.youtube.com/playlist?list=… (E601-current)

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RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark.

[hat tip: Victoria van Eyk]


Being an Entrepreneur is Really Hard

Bitcoin Magazine
Sept 5, 2014

Written by Jason King of Sean’s Outpost and reposted with his permission from reddit.


For over a week now, I’ve been trying to write a year in review piece for Satoshi Forest. The words, which usually just flow like a spigot when I’m passionate about something, seem to just dribble out. And what little ekes by is hardly print worthy. Maybe it’s just writer’s block? Writer’s block happens. Or maybe I’m not as passionate about Satoshi Forest as I used tao be?

But, I am passionate about Satoshi Forest, perhaps more than I ever have been. And writer’s block, if it is the culprit, cannot explain why I haven’t responded to Elizabeth Ploshay’s ALS Ice Bucket Challenge in a timely fashion. I guess I’ll have to donate now. You see it’s not just the Satoshi Forest year in review, it’s everything. Emails from friends I haven’t responded to, phone calls I let go to voicemail, new endeavors at Sean’s Outpost I let sit unannounced (http://blockchain.satoshiforest.com/). And then it hits me. I’ve been here before.

I’m really depressed.

And it seems to be going around.

Since the tragic suicide of Robin Williams, four (4) people close to me have also tried to kill themselves. One succeeded. An anecdotal survey of my friends has seen an equal uptick in the number of people talking about or attempting suicide.

It’s been really disturbing.

In the preparations for the Bitcoin in the Beltway conference this past June, I had one of the more surreal conversations of my life. An east coast sales director for Marriott called me wanting to know if bitcoin was linked to suicide. They had heard of the tragic death of Autumn Radtke in March (http://nypost.com/2014/03/06/bitcoin-firm-ceo-jumped-to-her-death-neighbor/) and were concerned about hosting a conference for a technology that was making people kill themselves. I was sure he was joking. He was not. The conversation I had with him must have allayed his fears. #BitcoinBeltway went great, can’t wait to do it again next year.

Obviously, bitcoin does not cause suicide. And while we are quick to sticky a “suicide prevention hotline” when the price crashes, bitcoin is not causing depression. What we may want to look into is something that is not bitcoin related, but more something that comes part and parcel with “bitcoiners”: the woes of entrepreneurship and startup culture.

Being an entrepreneur is f*ing hard. Really hard. Most people don’t even attempt it. It might not feel that way to you, but likely that’s because you surround yourself with other entrepreneurs. Your friends work at startups. Your trips are to startup conferences and conventions. Your news feed is r/bitcoin and hacker news. You are firmly in the echo chamber.

Most people will never try and build a product or company, so most people will never experience what it is like to fear you won’t make payroll and someone else will not be able to pay their rent because of you.

Most people will never know how difficult it is to raise money: to get someone else to believe in you enough to open their checkbook and support you financially…the hours you spend and the mental strain that comes from hearing “No” again and again and again. And if you get a “Yes” the pressure doesn’t dissipate! It increases! Now it’s your crazy idea and someone else’s money you’re responsible for.

Being an entrepreneur is really hard.

And we are really hard on ourselves. We are afraid to show any weakness, because we’ve been taught being weak or vulnerable is to be shunned. If someone asks you how your company is doing, “We’re killing it.” probably comes off your lips before you’ve even processed the question.

It is statistically impossible for everyone to always be “killing it.”

But ask at your next mixer or meetup and almost everyone will be “killing it.”

And that pressure to succeed, to perform, to win is immense. And I think that pressure may be even worse in bitcoin.

Not to everyone, but to a lot of bitcoin early adopters, and especially to a lot of early bitcoin entrepreneurs, bitcoin is a promise, a glimpse of a better world free from the inequalities brought by our legacy financial system. So if you fail in bitcoin, it is easy to feel that you are failing on that promise too.

I’ve felt that way – felt that if I screw up I am screwing it up for every non-profit and charity, that they will somehow not get the benefits of bitcoin because I failed. I see it in others. Just a week ago at #Cryptolina I talked with a group of brilliant entrepreneurs who were convinced that if they didn’t beat an incumbent payment solution to market, they had lost the war. And that whole segment of the market would NEVER benefit from cryptocurrency.

Being a bitcoin entrepreneur is hard.

And I don’t have the answers to how to deal with all the pressure and depression that come from doing what we do. But I have learned a couple of things and maybe someone else that is experiencing depression or having dark thoughts can read this and gain some value from what I’ve learned. And even better, maybe someone that has dealt with depression in the past can riff on what I’ve said and provide some insight into how they cope.

1) You are not alone.

When you are depressed, it seems like everyone else has it all together and you are the anomaly. That’s not true. They probably don’t have their s*t together either. And everyone has problems we don’t see. Everyone.

Some of the greatest entrepreneurs and investors of all time have had brutal fights with depression and suicidal thoughts.

READ:

http://www.inc.com/magazine/201309/jessica-bruder/psychological-price-of-entrepreneurship.html

2) Bitcoin needs you and it doesn’t need you. And that’s ok.

Bitcoin needs you. It really does. But it doesn’t need only you, it needs all of us. You are not the single point of failure. Bitcoin’s success is just as decentralized as the blockchain. So give yourself a break. It’s okay to make mistakes and it’s okay to fail. It’s even okay to fail spectacularly.

Think back to how many times bitcoin has been declared dead. How many times has the price crashed? How many times has a major bitcoin institution been corrupted/hacked/found to be a scam?

And yet, here we are. An you are here too.

3) It is okay to ask for help.

This is hard to learn. We come from a self sufficient culture. And if you ask for help, people will realize that you are not as awesome as they thought you were…BULLSH*T. Asking for help has ZERO bearing on how awesome a person you are. In fact, your friends WANT TO HELP YOU. Being there for you in a moment of crisis is something your friends are probably really down for. But if you ignore them or won’t tell them you are having problems it is really difficult for them to help. Talk to someone. If all else fails you can always call…

THE NATIONAL SUICIDE PREVENTION LIFELINE: 1-800-273-TALK (8255)

I know all of this might not make a difference. When you are caught up in your head in the middle of a depressive episode nothing seems to help. Try to find something that you can concentrate on just to get you through the worst of it. For me, I go play with my kids. It helps me, sometimes more than others.

If you are feeling down, try to talk to someone. And if you see someone feeling down, try to lend a supportive ear.

Bitcoin needs you alive.


VIDEO — Why Bitcoin Terrifies Big Banks | Interview with Andreas Antonopoulos

Breaking The Set
Jan 28, 2014

Abby Martin speaks with Andreas Antonopoulos, founder of Root Eleven and co-host of let’s Talk Bitcoin, discussing how Bitcoin works, and why it’s so important to have a decentralized system of money.

LIKE Breaking the Set @ http://fb.me/BreakingTheSet
FOLLOW Abby Martin @ http://twitter.com/AbbyMartin


Hacker Hijacks Satoshi Nakamoto’s Email, Threatens to Reveal All

CoinDesk
Sept 9, 2014

(@southtopia) | Published on September 9, 2014 at 03:55 BST

The bitcoin world is abuzz with speculation that some of Satoshi Nakamoto’s online accounts have been compromised, concerned a hacker could potentially access information concerning the bitcoin creator’s true identity or use the accounts to defraud key members of the bitcoin community.

Wired reported that the alleged hacker had posted on Pastebin that they would reveal key details of Nakamoto’s identity if 25 BTC were sent to a specified bitcoin address. While small donations have been coming in, the address still appears well short of that mark.

Administrator ‘theymos’ of the Bitcoin Talk forum (aka Michael Marquardt) a key figure in bitcoin’s online community, posted just after 9pm (BST) on 8th September, alerting the community of the development, writing:

“Today I received an email from satoshin@gmx.com (Satoshi’s old email address), the contents of which make me almost certain that the email account is compromised. The email was not spoofed in any way. It seems very likely that either Satoshi’s email account in particular or gmx.com in general was compromised, and the email account is now under the control of someone else. Perhaps satoshin@gmx.com expired and then someone else registered it.”

“Everyone knows that Bitcoin runs on drama, so this should do wonders for the recent price slump!” theymos added later.

Shortly after, another mysterious message appeared on the P2Pfoundation’s ‘ning’ message board, as a reply to Nakamoto’s original introduction to bitcoin. The post was sent from the Satoshi Nakamoto account, but appeared to warn him of what was happening:

“Dear Satoshi. Your dox, passwords and IP addresses are being sold on the darknet. Apparently you didn’t configure Tor properly and your IP leaked when you used your email account sometime in 2010. You are not safe. You need to get out of where you are as soon as possible before these people harm you. Thank you for inventing bitcoin.”

Bitcoin’s source code page on SourceForge also redirected to anti-bitcoin troll site ‘buttcoin’, although it was later returned to its original state (it would still be prudent to not download anything from that particular page, however).

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[hat tip: Crypto Junky]


Most People Don’t Believe It, But We Are Right On Schedule For The Next Financial Crash

by Michael Snyder
The Economic Collapse
Sept 4, 2014

People have such short memories.  Even though we are repeating so many of the same patterns that we witnessed in 2000-2001 and 2007-2008, most people do not think that another financial crash is coming.  In fact, with the stock market setting record high after record high lately, I have been taking quite a bit of criticism for my relentless warnings about the coming financial storm.  Many of the comments go something like this: “Snyder you are a moron!  Nothing you say ever comes true.  The stock market is going to keep on rocking and Obama is going to lead this country back to greatness.  I hope that you choke on all of your doom and gloom.”  Of course these critics never offer any hard evidence that I have been wrong about anything.  They just assume that since the stock market has soared to unprecedented heights that all of us “bears” must have been wrong.

But the truth is that what we are observing right now is classic bubble behavior.  The stock market crashes of 1929, 1987 and 2008 were all preceded by irrational market rallies in the spring or summer.  The financial markets have become completely divorced from economic reality, and such a state of affairs never lasts forever.  It is just a matter of time before a correction comes.

But every time there is a bubble, most people end up getting caught up in all of the euphoria.  And it is happening again.  In fact, CNBC has just reported that bearishness among market newsletter writers is the lowest that it has been since 1987.  But of course we all remember what happened back in 1987…

Professional investors haven’t had this little fear about stocks since Ronald Reagan was president.

It was the same year Michael Jackson told us in a song he was “Bad.” The New York Giants won the Super Bowl.

And oh yeah … by the way … the stock market crashed.

As gauged by the weekly Investors Intelligence report, bearishness among market newsletter writers has fallen to 13.3 percent, a level it has not seen since 1987 as the market continues to set new highs despite a seemingly endless call for a long-overdue correction.

People need to understand that just because something has not happened yet does not mean that it is not going to happen.

In this day and age, we have extremely short attention spans and we do not have the patience to wait for much of anything.  But the financial world is not a game of checkers.  It is a game of chess where things can take an extended period of time to play out.

Those that are mocking those of us that are bearish should consider where we stand financially in comparison to previous crash cycles.  For example, the derivatives bubble is 20 percent larger than it was back in 2008, the “too big to fail banks” are 37 percent larger than they were back in 2008 and global debt levels are 40 percent larger than they were back in 2008.

In other words, many of our long-term economic problems are a lot worse than they were just prior to the last major financial meltdown.

But most people pay such little attention to the fundamentals these days.  All they can see is that little stock market ticker going up and up and up.

Other analysts with much stronger credentials than I are issuing similar ominous warnings about what is ahead for the financial markets.

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PotentNews.com NOW ACCEPTS #BITCOIN DONATIONS

PotentNews.com
Sept. 6, 2014

We are very happy to announce that Potent News now accepts bitcoin donations (in addition to the usual PayPal donation method).

Potent News bitcoin address: 185Gs7jo8Trgekjvk6ujd7cvd9g16nxTt6

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VIDEO — Is Bitcoin a Conspiracy?

Infowars
Aug 25, 2014

Is Bitcoin a conspiracy to bring in a cashless society? Does it represent the mark of the beast? Julia Tourianski tackles these claims and much more.

http://infowars.com
Facebook @ https://www.facebook.com/paul.j.watso…
FOLLOW Paul Joseph Watson @ https://twitter.com/PrisonPlanet

The Declaration of Bitcoin’s Independence http://bravetheworld.com/2014/08/13/d…

Brave The World Youtube Channel https://www.youtube.com/user/BraveThe…

Website- http://bravetheworld.com/
FB- https://www.facebook.com/bravetheworld
@BraveTheWorld

Bitcoin Not Bombs
http://www.bitcoinnotbombs.com/the-de…


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