Flexcoin announces Cold Storage for the bitcoin currency
August 19, 2011
Flexcoin the bitcoin bank will be launching over the weekend the first user defined cold storage facility for the bitcoin online currency.
The users will be able to define what they want sent to cold storage. Meaning if a client has 10 bitcoins with flexcoin, he can specify that he wants 4 of them sent to cold storage. This effectively puts them off line and inaccessible.
Cold Storage is roughly akin to sending your bitcoins to a computer that isn’t online, hence the threat of any online hacking is effectively nill as it’s very difficult to hack a computer that is unplugged.
What makes cold storage with flexcoin so alluring is that all bitcoins in cold storage receive discount payments the same way they are with the normal flexcoin service. Flexcoin has built a secure way to bring them out of cold storage, as they are processed the next business day subjecting them to human review before being released.
This allows individuals to safely store their bitcoins, and earn payments when they are being stored. This is a first for the bitcoin community. All the details will be released on flexcoin over the weekend!
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Google : President Obama is the antichrist
August 12, 2011
Clearly Google images has a deep knowledge on who the antichrist is.
The #1 result in Google image search for the term “antichrist” yields President Obama.
It references Anti-christ.com the leading forum regarding who is the antichrist, but regardless they didn’t need to put President Obama’s photo as the antichrist. The screenshot shows the president sitting there as the #1 result for the term.
Today is a double whammy for the search engine, as it was discovered earlier today that Google has no problem saying blonde women cannot be pretty.
It’s quite interesting to see how Google results change going into a politically charged season, coupled with a near great depression forcing individuals to be more than upset with the current status of things.
We predict more and more awkward type search results will appear going into 2012 as the election comes closer more and more individuals will “find their political side” and start posting on blogs and forums their beliefs.
Enjoy the new reality.
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Google : Blondes are not good looking
August 12, 2011
Google Evidently feels that blondes are not good looking, depending on screen resolution, a full 100% of the first page via Google Image (keyword : “best looking women” ) yields zero blonds.
If you scroll down you see 1 out of the first 25 results being a single blonde women with dark eyebrows (IE: dyed hair). So the entire thing is somewhat comical. Why is Google ranking blondes so low on the good looks scale?
We were told it’s demographics in the United States, The US is becoming less blonde and more brunette hence the law of numbers are tilting towards the the brunette side. Hence more links and more blogs are linking or embedding more images of brunette women than blonde women.
So there it is people, if your blonde you can’t be the “best looking women” as per a Google image search.
Enjoy the new reality. At least Google isn’t calling President Obama the Antichrist… oh wait… they are…
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First Bitcoin Bank open to general public - demand is high for ID’s
August 10, 2011
The worlds first bitcoin bank has opened to the general public. The ewallet has been called one of the best services to the bitcoin community as it solves virtually all of the problems that hindered bitcoins from becoming more mainstream in commerce.
It’s a game changer in the bitcoin community.
It allows people to access their coins anywhere, hence now it’s not limited to the machine you installed the physical client on, as it can be accessed by your smartphone (turning your phone into your debit card).
The biggest story however is the land rush. Many view that flexcoin id’s are helpful for future e-commerce with bitcoins. So people are grabbing the best ID’s possible, and the demand has been high for a free flexcoin id.
Before flexcoin people had to send bitcoins to addresses like “17KxFiNCwDXdxDxUMhWb7RLj7REnSJ1M8P” after flexcoin an id such as “coffeeshop” would do the transfer. This simplifies commerce greatly, it allow is an instant transfer as compared to the traditional “next block wait” which could be between 10 minutes and 3 days depending if it was a small transaction with no miner fee.
Another advantage is that flexcoin pays discounts to account holders. This allows many to use it as a saving account for bitcoins.
Flexcoin solves the micro-payment problem. Since the 1990′s people wanted to be able to accept micro payments, but the credit card fees were way to high (it would cost 30 cents to accept 10 cents). Flexcoin solves that problem as flexcoin to flexcoin transfers are free (as well as instant) allowing for a newspaper to charge something tiny for an article, and be paid instantly and profitability.
Back to the id’s however. The demand is so high that it’s similar to a domain registration circa 1995. A flood of users have been looking for generic terms such as “coffeeshop” if their coffeshop wishes to accept bitcoins.
The company has been aware of the recent news regarding bitcoins and security, they spent large amounts of time and money on security. Though no service on earth is 100% safe, their service has been audited by professionals and hackers alike and has been given a clean bill of health and security. Another factor in trust since flexcoin is backed by Yooter InterActive Marketing a company that has fortune 500 firms as clients and has been in business for a decade, it allows for a level of trust not seen in the bitcoin community since it’s inception.
Regardless the site has allowed for registrations for the general public. Many are rushing to get the valuable flexcoin ID’s now.
The company stresses that it is not a true financial bank as legally defined, but it is a bitcoin bank as only bitcoins are accepted.
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Bitcoin Ewallet vanishes from internet - up to 1.3 million gone
August 2, 2011
The debate is heating up regarding the service mybitcoin.com , evidently the website has been down since July 29th 2011, several days later it’s still down.
The problem at hand is that it’s estimated that between 25,000 and 100,000 bitcoins were stored at mybitcoin.com At current market value of ~$13 USD per bitcoin, it translates to $325,000 to $1,300,000 that vanished off the face of the earth.
The sum may be the first single million dollar theft of bitcoins.
The jury is out regarding if the coins were stolen and the owner vanished, or if the system was hacked and the owner vanished or lastly a hardware problem and the owner vanished. The end result is the owner of the site has not been reachable since the incident.
“Bitcoin Weekly funds is stuck there too! Also, 600 BTC that I am responsible for.” An individual posted in the forum, meaning he is out $7,800
“You might as well kiss your coins goodbye. They’re gone. Get over it.” another individual posted.
The end result is that the individuals cannot access their bitcoins and potentially over a million dollars are either stolen, or vanished (as if paper dollar bills were literally burned).
This is hurting Bitcoin credibility states Roger Wehbe the president of Flexcoin, the now largest Ewallet / bitcoin bank. We’re building a legitimate service, and yet this hurts not only Flexcoin, but Mt.Gox, Tradehill and every other bitcoin service. We find ourselves now the largest Ewallet, but this is NOT how I wanted to earn the title, I wanted to earn it by providing the most secure easy to use service. Not because the other guy did something like this.”
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Doctor Veto - Ron Paul seeing a new nickname
August 1, 2011
“Doctor No” might be seeing a new nickname in political circles, evidently in some circles in Washington the fear is “Doctor Veto / Dr. Veto” if elected to President.
“If Ron Paul is elected, EVERYTHING would have to pass via a 2/3 majority.. because Doctor Veto would just simply veto everything” - Adam (last name withheld, works for a democratic congressman in PA).
Doctor Veto? That’s a new one.
Though the problem is most likely Adam is right, Ron Paul would veto everything.. hence Doctor Veto is a good name him. Everything would be sent for a 2/3 majority , you’d have Republicans and Democrats vs Ron Paul’s party.. the Tea Party.
That would be an epic battle to watch… who do you think would win? We want to hear your thoughts on this. Comment below. Also we actually enjoy the new monikier, what are your thoughts on Doctor Veto?
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Marcus Tullius Cicero provides advice to Washington
July 26, 2011
“The budget should be balanced. Public debt should be reduced. The arrogance of officialdom should be tempered, and assistance to foreign lands should be curtailed, lest Rome become bankrupt.” - Marcus Tullius Cicero 106 BC-43 BC
Honestly this is becoming too much for the average American to handle. We have complete dysfunction in Washington.
At stakes are a massive amount of US dollars not being paid, a spike in alternative currencies like bitcoins and gold and a whole new level of distrust of Washington.
The root of the problem is that the level of debt is unsustainable. This is what the fight is about. If we never committed to such huge levels of spending we wouldn’t have this problem in the first place.
But alas we do. We charged millions of Americans hard earned money over their lifetime for social security, now we have to pay them for what they put into the system but the system (the whole system, not just social security) is trillions of dollars in debt and now needs regular increases to our credit card limit.
At one point this party is going to crash. In many instances the tea party wants the party to crash now rather than later, in their opinion it’s better to take the medicine now. The problem is try telling that to 86 year old grandma that there is no more money for her.
We hear you Marcus Tullius Cicero, we hear you.
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Large number of invites sent out today for flexcoin the bitcoin bank
July 22, 2011
There will be a large number of invites handed out today for the bitcoin bank. Several new pages were posted on the site this morning hinting at it’s strengths compared to the standard bitcoin currency. Also added were a TOS, Privacy Page, and a few others.
Flexcoin has peaked interest within the bitcoin community due to the fact that the bank pays interest to it’s account holders, Solves the “coffee shop” problem and gives vendors an easy to use ID suitable for printed material and marketing rather than a long sting while at the same time fundamentally allowing anyone to access their bitcoins from anywhere. Basically revamping the system to something that can actually be used for general commerce.
It has the potential to fix all the bitcoin problems and allow the currency to go more mainstream.
Currently flexcoin has several hundred users, with the only limiting factor being the highly sought out invites.
We were told to “watch our inbox” over the next 24-72 hours.
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Mt.Gox buys MtGoxLive.com but has no money to refund stolen bitcoins
July 20, 2011
Mt.Gox buys MtGoxLive.com , but the purchase price was not released.
MtGox.com has agreed to acquire MtGoxLive.com, the largest independent provider of bitcoin related web and mobile applications and services. This move strengthens MtGox.com’s portfolio, with the host of applications and services that will be joining the MtGox.com family of services. according to the press release
Mt. Gox has been under some intense fire since the hacking incident, with individuals complaining that they have yet to be reimbursed for their stolen bitcoins but yet Mt. Gox has the funds to go on a buying spree?
It’s an honest question, why can their customers go without their stolen bitcoins due to Mt. Gox lax security but Mt. Gox can go buying up companies?
Clearly there’s a mismatch.
To make matters worse Mt. Gox tells the victim to file a police report, like the local police department even knows what bitcoins are in the first place.
This is more of an insult than anything.
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GOP Strategist : Default would be good for GOP Whitehouse
July 5, 2011
A GOP strategist noted off the record that it’s not in the best interest for the Republicans to raise the debt limit if they want to take the Whitehouse in 2012.
The strategist told us off the record because what we were told was nothing less than mind boggling. This is what he said.
“Americans vote with their pocketbooks. Over the past 235 years we have punished or rewarded the President by how our personal economic situation is.
By most estimates we are in a recovery and by election day the average American will be better off financially than right now. However if we default on the debt, we would be hitting the darkest days of a near depression right around election day. We could run a random guy on the street and beat Obama.
There is zero incentive for the Republicans to fix the economy right now. After the election it will be the sole focus as they need to reward the American public for electing the right party.
Don’t be so sure that there will be a debt ceiling deal. It’s in the GOP’s best interest NOT to fix the problem right now.”
That’s what we were told people. Not sure what to think about this. We can tell you a bit about the Strategist. He worked for George Bush Senior in the 1990′s, and he also worked for George Bush Jr as well.
The man has met both Presidents.
Enjoy the new reality.
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