Recent Bitcoin News 11/2/2014

BITCOINRecent Bitcoin news that is important.

This guy Faisal Khan is a consultant of some sort, charges $750 an hour and seems pretty smart.

https://www.linkedin.com/in/faisalkhan99

http://www.faisalkhan.com/2014/10/28/fincens-new-ruling-puts-coinbase-bitpay-circle-and-others-in-deep-trouble/

This guy Faisal Khan recommends this company, as they have all the paperwork done:

http://www.coinx.com/

Not sure where I am going with this, but I wanted you to read this new info which is being driven by the Bitcoin License under consideration by NY State.

Bitcoin may be volatile but has value beyond price point USATODAY
http://www.usatoday.com/story/tech/2014/10/22/bitcoin-update-not-as-shiny/17669785/

Major privacy group warns New York against Bitcoin law overreach
http://fusion.net/story/22719/privacy-group-warns-new-york-against-bitcoin-law-overreach/

Privacy advocates blast New York financial regulators over Bitcoin licensing scheme
http://watchdog.org/178655/bitcoin-finance-surveillance/Read the rest

Bitcoin Research 1-28-14

Aside

Bitcoin Dazzle

Bitcoin Dazzle

Marc Andreessen’s article is detailed and from my perspective and current research absolutely spot on. I have been hovering on the fence with my gut and intellectual insight and his piece has pretty much sealed the deal for me.  Now I have to figure out how I can get the money together to buy my first ‘bitcoin miner’ and pay for the initial production costs, including hiring a programmer and paying for the start-up production overhead.

A freind of mine I pinged last week in an email with links and details outlining the current challenges of bitcoin mining wrote back:

“…between $770 & $1100 each???????”

My reply:

“That is the figure, seems to be stabilizing a little at this point, not something I follow obsessively, that road leads to madness.… Read the rest