Ripples – a debt based, centrally controlled monetary system

If you look at all the hype about ripples in articles such as this one, http://www.businessweek.com/articles/2013-04-11/introducing-ripple-a-bitcoin-copycat you might come away with the impression that ripples is just like bitcoin only better! A company called ‘OpenCoin’ has had an idea of how to allow ANY currency to be transferred through the internet. You name it, anything […]

Department of homeland security

The US government department of homeland security has cut off US dollars being deposited in MtGox via the payment mechanism Dwolla. So far Mt Gox is still operating and other methods of depositing funds are still available. Presumably these actions are for our own good, to protect us from terrorism and non-debt based money and […]