One | A Digital Media Archive By Minterest
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“You can avoid reality, but you cannot avoid the consequences of avoiding reality.” Ayn Rand Sometimes our greatest strengths are also our greatest weaknesses. In the case of Bitcoin, the decentralized nature of the network plays to both sides, creating great freedoms, which in turn create great opportunities for rogue players. If you’re one of the “76 percenters” who don’t
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MtGox will be remembered in the archives of Bitcoin much like Pets.com and Webvan are memorialized in the annals of Internet lore. Conceived in 2007, MtGox was an abbreviation for “Magic: The Gathering Online Exchange”. That’s right. MtGox was created so users could trade Magic cards like one trades stocks, only later being repurposed to the Bitcoin exchange of recent
» Read moreThis week, the headlines of tech, business, and mainstream news organizations have been filled with rumors, doom, and gloom regarding the failure of one of the most well-known bitcoin exchanges, Mt. Gox. This follows a long history of instability at the exchange, which was once the largest by volume but has within the past year dropped to the single digits as a
» Read moreItʼs no secret that paper dollars in themselves are utterly useless; that’s how fiat money works. Theyʼre only a symbol of the resources and materials which can be bought with them, valuable because the government has deemed them as such. And we canʼt really be sure of how many of them are out there. But if more money can be
» Read moreDays after discovering that Target’s latest security breach left 40 million credit and debit cards and sensitive data on 70 million customers in the hands of thieves, it’s been discovered that Neiman Marcus was also hit. Technology aimed at making the internet safer has advanced far beyond what credit card companies seem to be willing or capable of implementing. Many
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