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“We are declaring war on cash,” Visa spokesman Andy Gerlt proudly proclaimed after the program was announced.
There is nowhere to hide. The cashless society is coming, and with it, your freedom to spend where and when you see fit. Your ability to get fair prices from open trade borders will be closed. And when you convert your paper to Gold, that will be attacked next.
And those people using Bitcoin to transfer wealth out of countries to retain their economic freedom we say this; What are you going to transfer your wealth into? Are you going to leave it in Bitcoins? Then enjoy 100% volatility.
Risk cannot be created or destroyed, it can only be exchanged for different risk. The wall is being built alright. It is being built around your economic freedom. Then the cries of BUY AMERICAN will sound out, as you will not be able to buy anywhere else. And American corporations will own your spending habits. Do you think supermarkets want to make less money when they ask for your "Club Card"?
With the near unanimous passing of a bill that will explicitly recognize the right to trade stocks using a blockchain, Delaware is making a strong case for it being the blockchain-friendliest state.
The Delaware Senate Bill 69, which won a majority vote in the Senate with 20 to 0 in favor of the bill and 40 to 1 in the House of Representatives in favor of the bill, will be expected to be signed into law by end of July, with an effective date of 1st August. The bill includes a series of amendments to the Delaware General Corporation Law, specifically to Sections 219, 224, and 232, that legally recognize any number of records being stored on networks of electronic databases – e.g., blockchain – for the creation and maintenance of corporate records, including the corporation’s stock ledger.
Once effective, the bill will allow private companies incorporated in Delaware to start issuing and tracking shares of stock on a distributed ledger. As of now, only private-company stocks are within reach of the bill. However, the state of Delaware is still in talks with the Securities and Exchange Commission about also bringing the publicly traded stock to a distributed ledger. Nevertheless, by allowing potential large-scale issuance of stock on blockchain, the bill paves the way for new opportunities and could catalyze violent disruptions of traditional models of finance.
Next thing you know gary goes to buy another round and his head wouldn't go through.
They turned his chip off, man!
Gary's outside screaming at the sky- turn it back on! turn it on!
More people around the world have cell phones than ever had land-lines
February 25, 2014
There are almost as many cell-phone subscriptions (6.8 billion) as there are people on this earth (seven billion)—and it took a little more than 20 years for that to happen. In 2013, there were some 96 cell-phone service subscriptions for every 100 people in the world. Shouting is the likely the next-most widespread communications technique:
Those figures are the latest from the United Nations’ telecommunications agency, which keeps track of the rise and fall of various kinds of communications technology. Of course, 100 subscriptions doesn’t mean that everyone has a cell phone, just most people. In wealthier countries, penetration rates exceed 100% because of individuals with multiple subscriptions, making up for the disparity in developing economies. Still, penetration rates are impressive even in poor countries, with an average of 89.4 subscriptions per 100 inhabitants.