Caracas (AFP) – Inside a locked room in an office building in Caracas, 20 humming computers use their data-crunching power to mine bitcoins, an increasingly popular tool in the fight against Venezuela’s hyperinflation.
In warehouses, offices and homes, miners are using modified computers to perform complex computations, essentially book-keeping for digital transactions worldwide, for which they earn a commission in bitcoins.
While practiced worldwide, Bitcoin mining is part of a growing, underground effort in Venezuela to escape the worst effects of a crippling economic and political crisis and runaway inflation that the IMF says could reach 720 percent this year.
Having no confidence in the bolivar and struggling to find dollars, many Venezuelans, who are neither computer geeks nor financial wizards, are relying on the bitcoin — currently valued around $6,050, or other virtual currencies.
By: belisoful© 2017.06. 29 (Los Vegas, North America)- A new Robotic bar has been developed in Los Vegas, Nevada called “The Tipsy Robot.” The bartender is a robot and makes the perfect drink and nearly identical drinks each time. This Robotic Bartender doesn’t take tips nor gives any advise/crack-ups. Wages? Forget it.
The development fees were probably relatively high for a restaurant but the long term costs would be minimized. The novelty and first mover advantage is perceived as profitable. The Robotic take-over of service jobs has begun. This AI Robotic Revolution won’t stay in Los Vegas. Indeed, McDonalds is replacing 2,500 workers with kiosks and Walmart is cutting 7,000 due to robotic automation.
The jobs left for humans are getting cleared out. This is reason alone for “Universal Guaranteed Basic Income” for all “human Persons.” The United States has required Universal Basic Income since 1938. Canada is putting Universal Basic Income to the test. The need for such measures was never so pressing, as the world falls further into unrecoverable debt. The Debt Bubble is the greatest bubble ever designed by International Bankers.
United States seeks to Criminalize Cash and Cryptocurrencies; While Russia, India, Japan, China, Australia Legalize and Support
The brazen move by the United States to legalize cryptocurrencies seem to be to control it, make it illegal, to stop the perception that Federal Reserve notes are both worthless and valueless, and to recapture its realizing value back into a dying debt-money system of injustice; particularly financial injustice.
(WASHINGTON, DC) The new Bill S.1241 titled *Combating Money Laundering, Terrorist Financing, and Counterfeiting Act* of 2017 makes it illegal to have and transact in cash and digital currencies/cryptocurriencies without registering the amounts and trades with a local bank.
The Money Laundering Act conceptually declares digital crytpo-currency mining, usage, and holding an act of money laundering and counterfeiting, particularly in regards to Federal Reserve Notes maintaining their fictitious Valueless Perception of Worth.
Ethereum Blockchain Used By United Nations For Sending Aid to Syria
United Nations’ World Food Program recently used the Ethereum Blockchain technology to send, record and verify aid to 10,000 Syrian refugees.
The United Nations World Food Programme uses the Ethereum Blockchain to transfer vouchers based on cryptocurrencies to refugees in Syria. The platform was able to transfer cryptocurrency vouchers to a total of 10,000 people. It was done through another platform that was created by Parity Technologies.
Parity Technologies is a startup company led by Ethereum co-founder Gavin Wood.
“Funds that were sent to the refugees were specifically used for buying food. With the success of this project, the World Food Programme (WFP) plans to extend the project even further to cover 100,000 people in Jordan by late 2018.”
With this, the UN is planning more Blockchain technology-related projects that can help them move aid to disaster-stricken countries even faster.
Red Alert: US Congress Introduces Money Laundering Act Criminalizing Digital Currencies; Requiring the Reporting of all Digital Currencies and Cash to Local Banks, e.g. Steem
June 20th, 2017– Gregorian Date
(WASHINGTON, DC) Senator Chuck Grassley introduced Bill S.1241 — 115th Congress (2017-2018) -a Bill titled Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017– last May 25th, 2017. The Money Laundering Act makes it illegal to have and transact in cash and digital currencies/cryptocurriencies without registering the amounts and trades with a local bank.
The Money Laundering Act conceptually declares digital crytpo-currency mining, usage, and holding an act of money laundering and counterfeiting, particularly in regards to Federal Reserve Notes maintaining their fictitious Valueless Perception of Worth. Requiring the registration of all digital currency holdings and transactions in the U.S. is an attempt to brazenly legalize (fictionalize) the all digital currency networks under the “legal jurisdiction” of a criminal government. After the United States succeeds, all UN Member Nations interested in continued debt slavery could act to implement such measures, in kind. It is a power grab of the Commons by the United States Corporation over a Constitutionally First Amendment Protected Freedom of Speech Medium (digital currencies) and non-legal trade that governmental corporations cannot control nor profit from (with debt mechanisms).
The “Terrorist Financing” label being used by US Senators was to undermine all legitimate commentary on the topic. Indeed, the Act itself is an act of terrorism upon the Digital Commons and Digital Rights. It is a usurpation of value, rights, and property. The Act violates legal precedence in converting a basic digital right into a “license”, regardless of fees, to outright ban digital currencies. The Money Laundering Act only points out the laundering of worth via valueless debt by the Federal Reserve and seems to merely be an attempt to protect the unlawful DEBT-AS-MONEY Racketeering of Central Bankers.
While New York Inc and California Inc are attempting to literally franchise digital currencies with “BitLicenses” for a Fee, limiting digital rights, Nevada supports Digital Currencies. Nevada is similar to Delaware in their open franchising and friendliness of and to “in/sub-corporations.”
This could make Nevada a hub for blockchain startups and it certainly offers agorist opportunities. In this video, Vin Armani examines a brand new law in his home state of Nevada that creates a free-trade zone for cryptocurrencies and other blockchain applications exempting them from regulations. The law prohibits taxing and regulating blockchain businesses.
Check out the details below: Continue reading Nevada Passes New Bill: Free-Trade Zone for Digital Currencies
The State of New York has converted Digital Rights –using Bitcoin, “virtual”-digital currencies and Block-chain technology– into a privilege with a License for a Fee. The New York Department of Financial Services called it a BitLicense and is “required” for all businesses transacting Virtual Currencies like a bank.
The goal is to “regulate bitcoin and virtual currencies.” However, there is nothing “legal” about virtual currencies. Digital Currencies are entirely NON-LEGAL and only LAWFUL. The NY-DFS has been sneaky about it too:
A business must obtain a BitLicense if it engages in virtual currency business activity involving New York State or persons that reside, are located, have a place of business, or are conducting business in New York.
Frost estimated the [BitLicense] application cost Bitstamp roughly $100,000, including time allocation, legal and compliance fees.
There are many things being done and said to generate distrust of bitcoins, such as the German Central Bank Warning Not To Use Bitcoin As It Is Not Backed By A Central Bank.
The banks have been “investigating”, investing in, and creating their own digital currencies… so has the governmental service corporations (FBI, DEA, US Secret Service, CIA, NSA [spying], Pentagon, Federal Reserve [their white papers on bitcoin], ECB [white papers]).
These block-chain technologies are highly studied: academically, technologically, mathematically, information network systems dynamics, financially, etc with many case studies. The bankers and attorneys have an infinite amount of debt to influence and harm the perception of bitcoin and related digital currencies.
“It’s Much Bigger Than WannaCry”: New Stealthy Cyberattack Could Dwarf Last Week’s Global Worm Epidemic
Another large-scale, stealthy cyberattack is underway on a scale that could dwarf last week’s assault on computers worldwide, a global cybersecurity firm told AFP on Wednesday.
Meet Adylkuzz – the new cyberattack that “is much bigger than WannaCry.”