The Willy Report

The Willy Report is an analysis of leaked trading information which has been released as a blog post about trading activity during the MtGox era, which I found earlier via Reddit. If you haven’t already seen it, it makes a very interesting read, I’ve reposted the link here. The Willy Report: proof of massive fraudulent […]

Silk Road Seized

In a major black swan event, the FBI have seized Silk Road and arrested the owner. Predictably like lemmings everyone is selling bitcoins in a mad panic right now. Price has plummeted down to about $110 so far, and still falling. Very convenient timing for the US authorities I have to say. Almost makes one […]

Bitcoins banned in Thailand

An extract from the telegraph “senior members of the Foreign Exchange Administration and Policy Department advised that due to lack of existing applicable laws, capital controls and the fact that Bitcoin straddles multiple financial facets… Bitcoin activities are illegal in Thailand”.   The ruling means it is illegal to buy and sell bitcoins, buy or […]

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 […]