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Showing posts with label bit coins. Show all posts
Showing posts with label bit coins. Show all posts

Friday, 18 November 2022

Another Magic Bean

Just when you thought that people couldn't be any more stupider, with magic cryptocurrency  (electronically created by 'mining' - although there is no mine), already being stolen by the billion ....

The Bored Ape Yacht Club NFT Collection Sold By Sotheby's
Bored Ape Yacht Club NFT
Collection Sold By Sotheby's

... then along comes the Non-Fungible Token (NFT).

Friday, 12 July 2013

Washing Your Dirty Money

What's a fun loving criminal going to do about getting his money cleaned? The cost of a full blown money laundering operation is both very expensive (at up to 40% of value) and rife with uncertainties and betrayals.
 
Laundering Money
Laundering Money
 
Now there have always been ways of means for criminals to turn stolen goods into hard cash .... the good old fashioned 'fence' (or sometime pawn broker), would take stolen items and offer the thief a percentage of the perceived cash value in the hope of later recouping a greater value themselves and thus making their profit on the deal.
 

Sunday, 24 October 2010

True Democracy

US dollar notes to be phased out? In vaults across the country, the US government is building a stockpile of $1 coins.

Dollar Pile Would Reach The Space Station
Dollar Pile Would Reach The Space Station

The hoard has topped $1.1bn an amount that if stacked would reach almost seven times higher than the International Space Station, and the piles have grown so large the US Federal Reserve is running out of storage space.

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