Monday, December 30, 2013

Mining rigs


                                                                               

Friday, December 27, 2013

Thursday, December 26, 2013

Crypto Market Cap Site

Here's an excellent site for anyone looking for a spot to view the market caps of the more legitimate alt coins and cryptocurrencies out there:

http://cryptmarketcap.com/


Monday, December 23, 2013

Charlie Lee and Litecoin Interview-Future Money Trends

Another great interview brought to you by Future Money Trends:


Sunday, December 22, 2013

Bitcoin and Edison--MUST, MUST Watch Video

This is all new to me! No surprise in the world of Bitcoin. The second half is "salesy" but maybe you'll be interested....?



Friday, December 20, 2013

Thursday, December 19, 2013

A.B. Dada/coinSMITHS and 7bucktees Review

Well I must say I am very disappointed. The cool and swanky LTC t-shirt I ordered and fully paid for has not arrived. I checked the site to see the status:




On the 17th I emailed the owner for a status update as my order has moved nowhere in nearly two weeks. He told me, "Hmmm I'll check from the shop today!" Never got back with me.

The next day, after thinking about the whole affair, I just wanted to cancel my order. Taking a payment from someone and then not fulfilling your end of the bargain is, well, stealing.

I emailed him again and told him just to cancel the order. His response, "no problem, i can take care of it by the end of the business day today for sure".

No apology, no offer to rush the order and save his reputation. Nothing.

So the end of the day passed yesterday and no refund. The status hasn't changed on the site and I'm in the dark. And that makes me angry.

You see running a business isn't easy. When you take an order for something you should fulfill that order as quickly as possible and communicate with your customers what is happening. If you fail or fall short of your customers expectations you humbly and apologetically take responsibility and make it right.

The nonchalant attitude of this vendor causes me to believe there is no business. And if there is, he should stick to flea markets and fairs because doing business on the internet and accepting BTC as payment while BTC is still trying to gain credibility isn't wise. Any guy with a blog can expose you.

 Next stop, the BTC and LTC forums. What a shame, truly. I hate doing stuff like this but  when you f&*k with my money, I get a little aggravated.

So what do you think I'll buy with my BTC next?

Monday, December 9, 2013

LTC Log Chart

So what's wrong???


Friday, December 6, 2013

BTC and Security

Well according to popular theory, BTC is simply too risky for the common person to use. Hackalackattacks are embellished upon in the MSM surely trying to influence people to stay away from it.

Fine.

What is another very common software that people use every day, millions upon millions and millions of times? You use it Facebook and Youtube and many other places. That would be Adobe products....

Given the following message I just received from Adobe, perhaps we should ban the use of Adobe now???




Thursday, December 5, 2013

Greenspan, YOU are a DOUCHE!

Regarding BTC, Alan Greenspan recently said that "“It’s a bubble,” Greenspan, 87, said today in a Bloomberg Television interview from Washington. “It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.”

Now that is a peculiar stance is it not? Why do I say? Well, it was back in 2010 that Greenspan said that economists can’t see bubbles until they burst. Oh really? So now the dementia ridden Greenspan can see clearly whereas when he was a much younger and capable(?) man he could not.

He also went on to say the following: "Because unless we come to grips with the fundamental issue, which is the fact that we have promised in the ways of benefits for Medicare and social security, physically more than we have the assets to deliver with. The economy can only grow so far. Right now, the claims on the real economy – forget finance –are getting larger and larger. Social security, I might add, is money. You can always print money." 

So what exactly is it about social security money that has value? More like a Ponzi scheme isn't it? And people have the audacity to say BTC is a Ponzi? Please.

Doesn't that make you feel comfortable? A future obligation that cannot be paid, as he clearly states, is money. What is money? DEBT!! But we don't have the assets to deliver....money? Which is SS? WTF is he talking about?

Buying Things With BTC/LTC

So I just purchased a T-shirt from 7bucktees using my Coinbase account. SUPER easy.




litecoin-ltc-tshirt 

I could have used Litecoin or Namecoin. I have no Namecoin and the BTC was more available to me. Besides, I feel there's more appreciation to be had yet in LTC so, BTC it is! Err, was!

BTC Sighting--Used Mostly For Drugs??

I wax and wane between frustration and amusement when it comes to people constantly rattling on about Silk Road and the "illicit" uses of crypto currencies like BTC and LTC. Yes it's true that some ne'er do gooders used and use and will use again, BTC for the purchase of illegal items.

But what isn't discussed is how much fiat currency, GOVERNMENT MONEY, is used on a daily basis for the purchase of drugs, guns, stolen goods, prostitution, assassinations, child porn, slavery, yes slavery (of all kinds) and government bribes of congressmen and members of Parliament.

Let's look at this in pictures (less reading, yay!).




"Look there, amongst all that cash, is that a BTC?"




And so it goes.

BTC Bubble(?) To Burst?

What will it take to truly deflate BTC? Let's look at a chart and see what devastating impact the Silk Road 2.0 heist and the latest Chinese announcement have had on BTC.



Perhaps BTC is more resilient than some would assume?

Tuesday, December 3, 2013

FinCEN----YOU Suck!

As I continue my quest in the BTC/LTC world here in the freest country on earth, the USSA, I am once again restricted because of my citizenship.

This time it's the BTC-E exchange. They will not accept wire transfers from US citizens. I mean this is getting embarrassing. Here you have college kids trading on exchanges all over the world and my hands are tied because FinCEN feels the need to protect a grown man from his own foibles at the cost of a potential success.

FinCEN, you are officially getting in the way of progress and innovation. You want to protect people from fraud and increase US tax revenues but what you are doing in the mean time is you are turning us into a bunch of sandbox rejects that are the laughing stock of the world.

Congratulations you FU*&ING morons!!! Get out of the way!




And don't forget this one:


Sunday, December 1, 2013

Taxes and Bitcon

I am going to save the government (USA) all kinds of trouble and fix the whole tax problem with crypto currenceis.

Eliminate the income tax and corporate tax and institute and national sales tax.

There. Problem solved.