In 2014, Bitcoin (BTC) has become established as increasingly "real" money with government regulatory interest
, law enforcement
, and growing acceptance
, but also as the reserve cryptocurrency for hundreds of "altcoins,"
making them also convertible to legacy money. Foremost among these is Litecoin (LTC),
which introduced the scrypt hashing algorithm to cryptocurrency, democratizing coin mining by being best suited to common GPUs rather than Bitcoin's dedicated mining equipment. Recently donated LTC paid for a forest
in Madagascar. Peercoin (PPC),
next in prominence, introduces "proof of stake" where less energy is spent mining and existing coins pay interest. Dogecoin (DOGE),
a fork of Litecoin (previously
covered on Metafilter
), continues heading to the moon
, with more transactions than all other coins combined
, thriving markets in digital goods
, an upcoming party in NYC's Bitcoin Center on Wall Street
, much charity
, and the recent announcement
that new Dogecoins will be generated indefinitely. A selection of other foremost and interesting cryptocurrencies is within. [more inside]
posted by save alive nothing that breatheth
on Feb 5, 2014 -
When the announcement had been made that Wimbledon FC would be moved to Milton Keynes, to later be rebranded MK Dons, a meeting was called by Wimbledon fans. Toward the end of a charged meeting in the Wimbledon Community Centre, Kris Stewart, then chair of the Wimbledon Independent Supporters Club, realized that the fans had no chance of hanging on to their club and that no amount of protests would stop the franchise moving to Milton Keynes. In that moment Stewart made his walk through the crowd toward the microphone. “I’m tired of fighting,” he said before issuing a spontaneous rallying cry that has become legendary among fans of AFC Wimbledon. “I just want to watch football.”
posted by Rustic Etruscan
on Oct 24, 2013 -
The African King With A Multi-Billion Dollar Empire RBH functions as a communitybased investment company whose primary investment aim is to generate the income required for the funding of sustainable projects. Income generated from RBH’s commercial interests is invested in infrastructural development, as well as in the members of the Nation itself. Over the past decade, more than R4 billion ($475 million) has been spent on roads, utilities, schools, clinics and other public amenities. This has benefited not only the Bafokeng, but other people living in the North West Province of South Africa, the area which the RBN calls home.
posted by infini
on Dec 1, 2012 -
Today, Deadspin leaked financial documents
detailing the finances of several MLB teams, including a few that are getting revenue sharing money. They show that several of MLB's "poorest" franchises turned a profit due to these cash infusions. [more inside]
posted by reenum
on Aug 26, 2010 -
"What happened here in Jefferson County would turn out to be the perfect metaphor for the peculiar alchemy of modern oligarchical capitalism: A mob of corrupt local officials and morally absent financiers got together to build a giant device that converted human shit into billions of dollars of profit for Wall Street" - "Looting Main Street
" Matt Taibbi takes an in-depth look into how finance, deregulation, corruption, synthetic rate swaps, and greed decimated Birmingham, AL. [more inside]
posted by The Whelk
on Apr 12, 2010 -
Do you know a young 20 something hipster who is too busy spending their parents money on beer, poorly fitting clothes and blogging about the newest band reinventing music from 20 years ago? Is their waiter/bartending existence causing you to worry about their long term investment habits? Do they need some fisical responsbility in their young lives? Well you're in luck my friend! Thrasher Funds
now offers the first mutual fund targeted to hipsters
. With holdings
in Apple, Gucci, H&M, and Louis Vuitton, this fund not only has it's pulse on your young hipster's generation, it also dresses the way they want! Get in on it today! via
posted by Stynxno
on Nov 8, 2007 -
In Silicon Valley, Millionaires Who Don't Feel Rich
[NYTimes Link] Mr. Kremen estimated his net worth at $10 million. That puts him firmly in the top half of 1 percent among Americans, according to wealth data from the Federal Reserve, but barely in the top echelons in affluent towns like Palo Alto, Menlo Park and Atherton. So he logs 60- to 80-hour workweeks because, he said, he does not think he has nearly enough money to ease up.
posted by ThePinkSuperhero
on Aug 5, 2007 -
"The iPod’s a great product. However our experience in dealing with them, as regards licensing music for iTunes, has been quite depressing." Coldcut
member and indie label Ninja Tune
co-founder Matt Black in a pixelsurgeon interview
about the new album, the relative relaxation on sample licensing, and iTunes. For another independent perspective on iTunes see The 99c Question
- addressing the pressures on iTunes from major labels to raise prices.
posted by nthdegx
on Feb 2, 2006 -
Never use a debit card to pay at the pump: "Each day millions of Americans use their debit card at gas stations to "pay at the pump." What you probably do not know is gas stations have the right to overcharge you a certain amount to ensure they get their money. Each gas station decides how much to overcharge and hold on your account. Some put a $75 or $100 hold on the account while others only hold $5 or $10. But, these stations also decide how long to hold that money. Some hold the money for up to three days. . ." How is this even legal?
Am I the last schmuck in the U.S. to find out about this? I just found out that Sam's Club (for example) charges $50 and deposits your change three days
posted by spock
on Jun 19, 2005 -
The hugely popular iTunes
is a success story. But not for Apple, which makes virtually no revenue
from the online download service.
"When that 99 cents leaves your wallet, the RIAA monopoly swallows most of it, and the credit card companies swallow the rest. As the supplicant in this relationship, Apple is left holding the can.
" Steve Jobs -
"We would like to break even/make a little bit of money but it's not a money maker,"
posted by Blue Stone
on Nov 7, 2003 -
Silly listeners. Payola in radio isn't "back", it's just back in the news
Read how more than ever radio airplay is not determined by you, creativity, inspiration, nor musical genius, but by the big green. More reasons to try xm
posted by omidius
on Mar 3, 2003 -
Poverty is Expensive (part 59)
The "i-Gen" prepaid MasterCard, available at a Rite-Aid near you, for those who don't have bank accounts (for debit cards) to say the least of credit ratings sufficient to get credit cards. Pay a $10.00 upfront fee, pay another $5 a month plus a "reload" fee of at least $5 every time your card runs down, all for the privilege of letting them hold on to your cash at no interest.
posted by MattD
on Jul 7, 2002 -
Enron's historical precidents.
This L.A. Times article discusses the historical precidents to the Enron debacle. My favorite (among lots of good stuff):
"Like Enron, ITT was a big campaign contributor. But Geneen's idea of how to use political influence made Lay and associates look like choir boys. In 1970, the company offered Republicans $1 million and consulted heavily with the Nixon White House and the CIA when Chile's new socialist president, Salvador Allende, threatened to seize the ITT-owned Chilean Telephone Co. Allende was overthrown with U.S. aid."
posted by electro
on Feb 22, 2002 -
The founders of Webshots.com
sold out to Excite@home in '99 for $82.5M, they just bought it back--for $2.4M. $6.7B Excite.com goes for $10M and Blue Mountain Greetings ($780M) goes for $35M. A billion here, a billion there and pretty soon we're talking more than pocket change.
posted by m@
on Jan 8, 2002 -