Total Value of Entire Bitcoin Economy $36,126,021.96
A total figure of USD $1,060,609.29 per month must enter the bitcoin economy to keep the current value of USD $4.910228203451 per BTC
$245.51 worth of BTC are printed every 10 minutes by mining or $1,060,609.29 per month or $12,727,311.50 per year.
Bitcoins traded at nearly $35 at their peak with ~6,000,000 coins in circulation on June 9, 2011 the total Bitcoin economy was valued at $210,000,000.
Bitcoins are now trading at $4.910228203451 with 7357300.000000001 coins in circulation the total Bitcoin economy is now valued at $36,126,021.96
This represents a net loss of $174,458,406.27 from peak to this exact moment (updated in real time) of the entire bitcoin economy.
If Bitcoins were stable at their peak of $35 on June 9, 2011 , the bitcoin economy would be worth $257,505,500.00 rather than $36,126,021.96
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]]>This increases security for the users by automatically forcing a human audit prior to withdrawing their bitcoin, as the machines have to be turned on, and resent back to the users.
This is a first for any Ewallet and allows for online way to keep their bitcoins offline without being tied to a desktop.
Another key reason that individuals find the service appealing is that all coins that sit in cold storage still generate a discount payment. Meaning individuals earn bitcoins on their stored value. Solving the time value of money problem that has plagued bitcoins since inception.
As usual, flexcoin to flexcoin transfers are 100% free.
For more information read flexcoin.com, the bitcoin bank‘s TOS located under the FAQ menu. For information on how Flexcoin Generates discount payments, please read the Fee Schedule also located under the FAQ menu.
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]]>Average Load time of UARS Tracking image is roughly 23 seconds.
The above, curiosity of Heavens Above, provides real time tracking of the Defunct, earth crashing UARS Satellite.
The above image is updated in real time, so please refresh to see the latest, you’ll see a noticeable change roughly every minute or so. At the time of this posting it’s off the eastern seaboard of Brazil.
There is a slight chance it will hit the United States, and slightly under a 1:4000 chance it will kill an individual human somewhere on the planet Earth.
Fairly scary for most, you’ll notice that most tracking services go down in flames after a few minutes of posting, however we feel this one will keep up.
Hopefully it hits the ocean.
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]]>The market is down 400+ points today on September 22, 2011 and it’s not even the end of lunch yet. The message is clear. The market is pricing assets as if we were entering the great depression.
1929
Market Crashes in October
New President Sworn in
Unemployment Relief formed
Simulus program launched
UK Ends gold standard, prints money
Federal Reserve Buys Troubled Assets
Revenue Act of 1932
2008
Market Crashes in October
New President Sworn In
Unemployment Relief Extended
Stimulus program launched
US announces QE, prints money
Federal Reserve Buys Troubled Assets
Revenue Jobs Act of 2011
Considering how closely we mirrored the 1929 start of the great depression, it’s not only accurate going backwards, but it appears to be accurate going forward as well.
The great depression had 2 major downturns, one in 1929 and another one in 1937 . It appears that this one will also have 2 major downturns, one in 2008 and another in 2011 with corresponding unemployment to reach a critical level on or about 2012.
Current Unemployment in the United States is 16.2% based on the U-6 measurement (this is the closest we have to the way they measured unemployment in the 1930′s)
The Unemployment rate in 1932 was 16.2% as well, from that point it took a turn to the worse and hit a mind boggling 25%
The US at the time had a fraction of the population it does now, this would translate to roughly 38.4 million Americans out of work from the current 24.5 million that are officially reported from the U-6 measurement should the unemployment levels reach that point
Levels of unemployment in that range are what is viewed as worst case, and increasing likely based on current economic output from Europe, the US and China.
In other words, the market doesn’t like the policies coming from the Federal Reserve and are pricing in a depression, not a recession.
If your helicopter is going to fly overhead, it needs to stop flying over banks. It needs to fly over Main Street and let the banks compete for deposits, the other valid option is to do nothing and let the American (and world) population take it’s medicine.
We want to stress however that prior the medicine prescribed in the 1930′s was called World War II.
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]]>The simple site focuses 100% on the economy using just 3 factors.
The way it measures inflation not by the CPI but rather gas prices
It compares household wealth (with the assumption that many individuals have money in their 401k) by the closing DOW JONES price rather than home prices, and lastly measures optimism in the economy by the unemployment rate (unemployed people don’t shop much, which is 70% of the economy).
The issue is that the formula has never been wrong. So it’s perhaps the strongest election predictor ever, yet it’s not quite cited in the media…. some call it the “Ron Paul” of election formulas due to it’s lack of media attention.
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]]>Silver = XAG
Gold = XAU
Palladium = XPD
Platinum = XPT
US DOLLAR = USD
Euro Member Countries = EUR
Regarding Gold vs Platinum. Gold has very little industrial uses but is viewed as the ultimate safehaven of wealth storage, whereas Platinum is used in catalytic converters. When Platinum is booming it’s because they assume more cars will be built hence supporting the price. When Gold is outshining Platinum it means the market thinks that times will be worse.
Currently the market things times are going to be very bad.
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Bitcoin has been promoted as stable digital currency, and in fact it’s 100% transparent. The opensource nature of bitcoins as well as the technology behind it has a strong allure with several groups. The libertarians love it due to the fact that it’s money supply is well documented and not controlled by a core group of people or individuals. The technology savvy group loves it due to the innovative way it distributes though a peer to peer system. Others like it due to the nature of how bitcoins are decentralized.
Some history surrounding the bitcoin system:
The bitcoin system was initially designed by an individual (or group) that goes by the name of Satoshi Nakamoto (most likely the name is an alias). The self published whitepaper was published in 2009. In mid 2010 the currency was actively traded for pennies for each bitcoin. However in 2011 after some articles surrounding it in mainstream media it skyrocketed to 35 dollars a bitcoin. Showing an appreciation of 10′s of thousands of percentage points.
Then the bottom fell out in July after a series of high profile hacks, high profile thefts and a questionable PR individual that has a legacy of fraud. It was amazing that the currency still traded in the 10 dollar per bitcoin range.
Now bitcoins are trading in the mid 6 dollars per coin range. Still an impressive jump from the pennies it traded from last year, and the year before it didn’t exist.
It proves that it has staying power due to the distributed nature of them. It also proves without a doubt that the currency can survive huge amounts of problems, especially at it’s sub 900 day old age.
However it’s fault may not lie with the hacks, scandals and theft, it’s fault may lie with the initial design by Satoshi Nakamoto. It’s strongest strength may turn out to be strongest weakness as well.
Currently the bitcoin system awards 50 coins every 10 minutes to whoever solves a block. It’s typically called mining. The miner then when he receives his award he also generally passes along any transactions which include fees to him.
This means that the typical “reward” is 50 coins plus 2 or 3 additional as transaction fees (if it was a a decent transaction loaded block).
This extremely innovative way to continue transactions allowed for individuals to have timely transactions. It will continue to reward 50 coins every 10 minutes. However the amount is halved every 4 years.
The coin value of a block is 50 BTC for each of the first 210,000 blocks, 25 BTC for the next 210,000 blocks, then 12.5 BTC, 6.25 BTC and so on. In other words it continues to half in reward all the way until the year 2140. Then the total number of coins in circulation will remain static at 20,999,999.9769 BTC.
The problem is when Satoshi Nakamoto designed the bitcoin system in 2009 he didn’t allow for a mechanism to decrease or increase the creation rate. It’s not the total of 21 million bitcoins that are the problem, it’s how fast they are released that is.
The algorithm as designed expects demand to decrease in 1/2 strength amounts every 4 years over the next 129 years.
The problem is that since there is no way to adjust the reward ratio, the coins fall in value dramatically if demand doesn’t meet that high growth rate. Flexcoin, the bitcoin bank released a study showing exactly how much money needs to enter into the bitcoin community in terms of growth every month. It’s a staggering $1.5 million dollars at current growth rates just to maintain the $6 dollar per bitcoin price, because $1.5 million dollars (at current prices) worth of bitcoins are created every month. It’s a grand total of 216,000 new bitcoins printed per month.
216,000 multiplied by the spot price of each bitcoin printed every 4 weeks and you start to appreciate the magnitude of it’s inflation rate.
Now this number drops in 2013 to half that figure, that means in 2013 it will need only $750,000 entering the system (again assuming 6 dollars per bitcoin, which most likely will change dramatically from this point).
A central bank when faced with a huge inflation rate like what bitcoins are experiencing would virtually halt printing of coins until demand caught up. However since bitcoins lack that aspect it’s going to be a downhill road in the per bitcoin price until 2013 unless demand increases dramatically (possible, but unlikely). Then the banker would most likely allow for it to increase based on demand back to it’s natural level.
However since we’re at the mercy of a algorithm penned in 2009, we have to wait until 2013 when the algorithm automatically will attempt to stabilize the price by reducing by half the amount of bitcoins printed. It’s an endless swing cycle until the year 2140 (abit a reduction in swings as each instance is half as much as the one prior).
Perhaps the best way to phrase this is simple. If bitcoins can survive with an above 3 dollars per bitcoin price until 2013, it’s most likely going to be with us forever.
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]]>This is the actual first Earth rise Photo from the Apollo Moon Landing Missions. The problem is that it’s black and white AND sideways, and it can’t be the first image of Earth Rise. The population won’t accept that as the first image. The below image has to be the first image. It’s color and right side up.
We know that’s most likely not the image you think of when you picture the first “Earth Rise” photo (though it’s not the first). It’s most likely this one:
The problem is the popular NASA released image wasn’t the first one, nor was it the true one. In fact the above image was edited from this one.
Clearly the problem with this image is that it’s sideways. Hence the earth isn’t “rising” the earth is “coming around the side” hence it can’t be the image for public consumption.
So NASA did what many of us suspected, they tossed out the first image, then edited the second one.
It’s unfair to future generations because it implies that the astronauts orbited the moon from the north to south pole, but in truth they orbited from west to east.
With one photo edit they completely changed history.
We understand we are nitpicking at things, but one photo did do exactly that, it edited history.
So what we have is future generations of people looking backing into “historic photos” and assuming that events occurred “that way” when in reality they didn’t. The astronauts didn’t orbit the moon from north to south, as the photo suggests.
This is a historical inaccuracy that is somewhat dishonest to future generations.
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]]>No-one took note of the Leigh book since where the encrypted file was located was a mystery! Enter the 2nd bad guy of our story: Daniel Domscheit-Berg. DDB said he didn’t know the password before reading the Leigh book, but apparently *did* know the hidden file name on Bittorrent. Using this these two facts (pw+hidden file location), he then went around ingratiating himself with various players by handing them the entire Cablegate archive under the mutually deniable cover of “warning” them about the Leigh book. Enraged after being expelled from the CCC he “gave” the cables in this way to more and more people in exchange for alliances and positive spin culminating with the now infamous Freitag and Information.dk articles and now the thing is everywhere…
This isn’t good.
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Several of the larger players in the bitcoin world have noticed a serious uptick of venture capital firms requesting information regarding bitcoin related firms.
“we’ve had nearly 1/2 a dozen VC firms asking for information regarding our services in the past week alone” stated one of the owners of a bitcoin exchange.
The interest has increased dramatically as literally there are only a handful of players, most notable are Mt.Gox, Flexcoin, Tradhill and CampBX. All of them being exchanges other than Flexcoin which is more akin to a bitcoin bank and poses to potentially modify the way people send and receive bitcoins.
The bitcoin community has been under siege over the past several months due to security concerns as well as a stagnate value per coin. “The fact that bitcoins survived without any external assistance over the past month proves to us that the concept has staying power” noted a San Francisco based Venture Capital executive.
From what we are told, they are treating bitcoin firms not as just a new technology, but rather as a vehicle to move other currencies or investment vehicles across the internet. When asked to elaborate they declined other than to state “a bitcoin transfer doesn’t have be be bitcoins only”
What exactly are these people planning on building with these bitcoin companies?
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]]>It’s unknown at this time if the International Space Station is running low on supplies or when the next supply run is scheduled other than November when SpaceX is to assist in resupplying the ISS.
The Russian rocket, designed in the Soviet Union is the only space ship that can refuel the station at this time. SpaceX (a private US based company) is cleared for Launch Nov. 30, 2011 to refuel the station, and our sources have stated that NASA has considered moving their launch date up in a last case scenario.
Story is breaking.
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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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]]>Bethlehem, PA – August 15, 2011 – Active Data Exchange, Inc., a leading provider of advanced web-based calendar solutions for event planning, management and promotion, today announced the release of Active Data Calendar 3.12 with new native support for mobile devices and powerful social media functionality to extend the reach of its platform to tap the extensive adoption of mobile devices and viral nature of web-based marketing.
The major release enables the company’s clients in higher education, public and private school districts, government, military, healthcare and private enterprises of all sizes to unify all of their event data to a master calendar that site visitors can now access with mobile devices and smart phones as well as provide feedback on events and share event information through social media sites such as Facebook and Twitter.
“Active Data Calendar is known for having set the highest industry benchmark in terms of our ability to import event data regardless of the application and aggregate all event information to a single unified view,” said Susan Yee, CEO of Active Data Exchange, Inc. “The new Active Data Calendar release shows we’ve also taken the lead in our ability to narrowcast information to social media and support mobile devices out of the box, both of which have become vital not only in terms of popularity and convenience, but even more so to communication efforts and promoting events online.”
Pew Research recently revealed that 35 percent of U.S. adults use a smart phone. One quarter of all Internet use in the U.S. is done solely by mobile device. In addition, recent reports indicate more than half of Internet users access the web daily, with social media being among the most heavily-used application.
The new Active Data Calendar 3.12 provides native support for the vast majority of major mobile device operating systems, including Apple iOS, Google Android, Blackberry OS and Palm OS, and Opera Mini. Calendar automatically detects which mobile operating system is accessing the website and displays the event calendar listings and information in the appropriate format.
Calendar 3.12 also provides greater social media interactivity. There are options to configure Calendar to include Facebook “Like” buttons, Google +1 and Twitter tweets on the system’s Events Details pages, as well as view and add Facebook comments.
The new release has made additional improvements to the functionality and ease of use of Calendar, including new support for Rich Snippets to enable enhanced event listings for search engine indexing and listing that can greatly improve search engine optimization. The solution also provides built-in Google Analytics support, and enables site administrators to create Quick Links to display information of archived and historical events that may demonstrate a greater breadth and depth of event offerings and enhance an organization’s brand.
Active Data Calendar 3.12 is an automatic upgrade to all customers who have a maintenance and support agreement in place.
Active Data Calendar is an advanced master calendar platform that imports and aggregates event data to a single unified view for faster, easier management and centralized oversight and control. The solution can be configured with layers of privacy and permissions-based workflow for approvals prior to publishing event information on the public-facing website. The software automates syndication of event information to email accounts, mobile devices, other websites and social media, and can share information with portals, intranets, SharePoint sites, Student Information Systems (SIS), Enterprise Resource Planning (ERP) systems and other third-party applications and web-enabled enterprise technologies. Available extended capabilities include creating custom event registration forms, accepting registration fees online, booking facilities with specific features and resources for events, and internal-only calendars to communicate and align key internal dates, deadlines, milestones and events.
About Active Data Exchange
Active Data Exchange is a leading provider of advanced web-based unified master calendar platform products and services that align and create value for organizations of any size by delivering a combined view of date information that can be drawn from multiple sources. The company was founded in 1999 and is located in Bethlehem, PA. Please visit www.activedatax.com.
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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 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…