tradingview.comYou can't go parabolic forever!
tradingview.comYou can't go parabolic forever!
tradingview.comYou can\'t go parabolic forever!
libertyblitzkrieg.com / By Michael Krieger / November 18, 2013
To my Twitter followers, thanks for bearing with me today through my non-stop messaging on the Senate\'s Bitcoin hearing that just wrapped up. I hadn\'t intended to write a post on it, but upon further reflection I have decided it is worth putting some initial thoughts down in a more formal format.
Unlike most people in the Bitcoin world, I hadn\'t spent any time whatsoever thinking about what would go down at the hearing. In fact, I wasn\'t even sure that I would bother to listen to it live. The only expectation I had going in was that the various government regulators would invoke the terms “child pornography,” “terrorism” and “money laundering” as frequently as possible. Indeed, they did not disappoint on that front.
The thing that did surprise me was the lack of hostility to Bitcoin itself. This is not to say that the government agents testifying appeared particularly enlightened on the subject, but their lack of complete and total ignorance was quite surprising. No, I do not chalk this up to their deep research and understanding on the topic, but rather I attribute it to something else.
It took about a year for the Raspberry Pi foundation to sell the first million of its mini-computers. Now, less than two years after the first device rolled off the production lines, 2 million Raspberry Pi devices have been sold.
The Raspberry Pi was designed to be a low cost, low-power computer that could run open source software and which could be used in educational settings to teach kids about computers and programming.
It’s also proven popular with hobbyists building robots, game consoles, wearable devices, DIY tablets and laptops, servers, home entertainment systems, and many other devices. It’s not the most powerful little PC, but at $35, it’s priced to move.
Here’s a roundup of tech news from around the web.
- 2 million Raspberry Pis sold
On the one hand, it’ll be nice when we see new models with faster processors and more powerful graphics. On the other hand, part of what’s remarkable about the project is that the Raspberry Pi team has shown that bigger isn’t always better — sometimes accessible and good enough are the keys to success. [Raspberry Pi]
- Oppo and CyanogenMod are rumored to be developing a new phone
The Oppo N1 Limited Edition will already be one of the first smartphones to ship with CyanogenMod pre-loaded. But there’s a rumor going around that CyanogenMod will build its own phone soon — and now a prominent Oppo VP has resigned, possibly to start a new company/subsidiary that will build that phone? [Engadget]
- Google Hangouts gets unofficial Google Voice integration
Google Hangouts will eventually be Google’s one-stop shop for communications on Android devices. Until then, CyanogenMod developer Koushik Dutta has provided his own solution for bringing Hangouts and Google Voice together. [+Koush]
- Meizu MX3 smartphone with 128GB of storage available… in China only
I bet if more phones came with this much storage, there’d be fewer complaints about the lack of microSD cards in many recent Android handsets. [Engadget]
- Jynxbox M1 Pure Linux is an ARM-powered TV box with XBMC
This isn’t the first Linux-based, ARM-powered XBMC box. But the $90 JynxBox M1 is still a member of a rather rare species. It has 2GB of RAM, a microSDHC card for storage, an IR port, Ethernet and WiFi, and a few USB ports, among other things. [CNX Software]
- Apple releases iOS 7.1 beta, fixes some bugs
Don’t expect any major new features so soon after the launch of iOS 7. But this update should fix some networking bugs, among other things. [FSM]
- Sling launches a Roku channel and PlayOn launches PlayCast for streaming to Roku, Chromecast
Apparently today’s a good day to launch apps that let you stream content from a mobile device to a TV using a Roku. [TechCrunch and PlayCast]
- Nexus 10 tablet leaked… or hoaxed Meanwhile, Tesco product page suggests imminent launch
Last year Google introduced 7 and 10 inch Nexus tablets. This year we’ve only seen a new 7 inch model so far. Either the company’s giving up on the 10 inch space, or a new model is in the works… and there may or may not be some leaks that may or may not help us figure out what to expect. [reddit and Pocket Lint]
Lilbits (11-18-2013): 2 million Raspberry Pis sold is a post from: Liliputing
What happens when the US Senate meets Bitcoin? Today and tomorrow, the US Senate will conduct two hearings to learn more about this skyrocketing in value, digital, decentralized cryptocurrency. Summoning representatives from the Bitcoin Foundation, BitPay, Circle, Ripple and additionally, representatives from FinCen, Academia and Financial Services Roundtable.
Today, the Bitcoin Foundation and Circle will share the merits of Bitcoin at a 3pm EST Senate Homeland Security and Governmental Affairs Committee hearing entitled, “Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies.” Today’s first panel will first include Jennifer Shasky Calvery (Director, Financial Crimes Enforcement Network U.S. Department of the Treasury), Mythili Raman (Acting Assistant Attorney General, Criminal Division, U.S. Department of Justice), Edward W. Lowery III (Special Agent in Charge, Criminal Investigative Division, U.S. Secret Service, U.S. Department of Homeland Security). The second panel will be a bit more Bitcoin friendly with testimonies from Ernie Allen (President and Chief Executive Officer, The International Centre for Missing & Exploited Children), Patrick Murck (General Counsel, The Bitcoin Foundation, Inc), Jeremy Allaire (Chief Executive Officer, Circle Internet Financial, Inc.) and Jerry Brito (Senior Research Fellow, The Mercatus Center, George Mason University). Senators are seeking further information on how Bitcoin is used to date and additionally whether or not this digital currency poses a threat or greater benefit to US citizens and those abroad. This first hearing to date on virtual currencies certainly has not taken away from exponential price growth of the currency.
Tomorrow, the Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on National Security and International Trade and Finance and Subcommittee on Economic Policy will hold a hearing entitled, “The Present and Future Impact of Virtual Currencies.” The witnesses on the first panel include Jennifer Shasky Calvery (Director, Financial Crimes Enforcement Network), David Cotney (Commissioner of Banks, Massachusetts Division of Banks). The witnesses on the second panel include Tony Gallippi (Co-founder and CEO, BitPay, Incorporated), Chris Larsen (Founder and CEO, Ripple Labs) Sarah Jane Hughes (University Scholar and Fellow in Commercial Law, Indiana University Maurer School of Law), Mr. Paul Smocer (BITS President, Financial Services Roundtable). Discussion will most likely highlight the positive impact Bitcoin on Small Businesses, US economic growth, e-commerce, and most importantly individual US citizens.
What is to come following these hearings? We do not know, but we can only hope that the US government will note the tremendous growth of the Bitcoin economy within the past few month alone and recognize the sure benefits Bitcoin provides not only to the US economy but to individuals around the world. Tune into today and tomorrow’s hearings and let us know your thoughts!
The post Historic Hearings: What to Expect when Bitcoin Meets two Senate Committees appeared first on Bitcoin Magazine.