The Silk Road is an online marketplace specifically designed for cryptography enthusiasts. The chattering classes will call it an Amazon for guns and dope, and surely those things are available, but you can bet most of the commentators have never actually been to the Silk Road. It’s notoriously difficult to get to. But one thing I know about cryptography enthusiasts is that they don’t just want their illicit activity to be anonymous, they encrypt everything. So, don’t be surprised if you can also buy an argyle sweater or the complete works of George Romero on the Silk Road. But if you listen to the uninformed chattering classes recently you might be led to believe that the Silk Road is in crisis.
Some black hat hacker going by the handle “Lance G” threatened to crash the site unless it gave him a $5,000 ransom. Let’s not pretend blackmail is some kind of economic indicator for the monetary viability of Icomarkets. Some even speculate that law enforcement is behind the DDoS attacks.
Get a miner. There are a number of mining options for multiple platforms although OSXusers may find themselves in a bit of a pickle. Miners utilize spare GPU cycles to power the mining operation, similar to services like SeTi. Miners, however, use these types of cycles to help handle peer-to-peer processes connected with bitcoins. Therefore by doing “work” you are preserving the network as well.
Silver Circle is showing now on Video on Demand platforms! Check it out on our watch online page and find out about local theater showings of the film and other special events on our event page.
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A run on Argentine bank deposits occurred in 2001. The natives were understandably restless with the continued failure of their government’s economic policies. People wanted to flee the Argentine peso for the refuge of the USD. As you might expect, the government froze bank accounts for up to a year and limited customer withdrawals. Recently we had something similar occur in Cyprus when rumors began swirling about deposit confiscation in order to deal with the poor financial state of banks in that country. In similar fashion, the government of that country took measures to limit withdrawals and the rumors became fact. Depositors did lose money though the term used was the more euphemistic “tax”.
In July of 2001, Standard and Poor’s (S&P) cut the credit rating of Argentina. S&P did the same thing to the U.S. rating 10 years later (2011). There was uproar in the halls of Congress about this even though arguably, the lower credit rating could have come much sooner. To make matters worse, U.S. credit agencies granted pristine ratings to mortgage-backed securities in their heyday. Fitch, another credit agency, is warning of further action against the U.S. this year.
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