The Internet - The first Worldwide Tool of Unification ("The End of History")

" ... Now I give you something that few think about: What do you think the Internet is all about, historically? Citizens of all the countries on Earth can talk to one another without electronic borders. The young people of those nations can all see each other, talk to each other, and express opinions. No matter what the country does to suppress it, they're doing it anyway. They are putting together a network of consciousness, of oneness, a multicultural consciousness. It's here to stay. It's part of the new energy. The young people know it and are leading the way.... "

" ... I gave you a prophecy more than 10 years ago. I told you there would come a day when everyone could talk to everyone and, therefore, there could be no conspiracy. For conspiracy depends on separation and secrecy - something hiding in the dark that only a few know about. Seen the news lately? What is happening? Could it be that there is a new paradigm happening that seems to go against history?... " Read More …. "The End of History"- Nov 20, 2010 (Kryon channelled by Lee Carroll)

"Recalibration of Free Choice"– Mar 3, 2012 (Kryon Channelling by Lee Carroll) - (Subjects: (Old) Souls, Midpoint on 21-12-2012, Shift of Human Consciousness, Black & White vs. Color, 1 - Spirituality (Religions) shifting, Loose a Pope “soon”, 2 - Humans will change react to drama, 3 - Civilizations/Population on Earth, 4 - Alternate energy sources (Geothermal, Tidal (Paddle wheels), Wind), 5 – Financials Institutes/concepts will change (Integrity – Ethical) , 6 - News/Media/TV to change, 7 – Big Pharmaceutical company will collapse “soon”, (Keep people sick), (Integrity – Ethical) 8 – Wars will be over on Earth, Global Unity, … etc.) - (Text version)

“…5 - Integrity That May Surprise…

Have you seen innovation and invention in the past decade that required thinking out of the box of an old reality? Indeed, you have. I can't tell you what's coming, because you haven't thought of it yet! But the potentials of it are looming large. Let me give you an example, Let us say that 20 years ago, you predicted that there would be something called the Internet on a device you don't really have yet using technology that you can't imagine. You will have full libraries, buildings filled with books, in your hand - a worldwide encyclopedia of everything knowable, with the ability to look it up instantly! Not only that, but that look-up service isn't going to cost a penny! You can call friends and see them on a video screen, and it won't cost a penny! No matter how long you use this service and to what depth you use it, the service itself will be free.

Now, anyone listening to you back then would perhaps have said, "Even if we can believe the technological part, which we think is impossible, everything costs something. There has to be a charge for it! Otherwise, how would they stay in business?" The answer is this: With new invention comes new paradigms of business. You don't know what you don't know, so don't decide in advance what you think is coming based on an old energy world. ..."
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

German anti-hate speech group counters Facebook trolls

German anti-hate speech group counters Facebook trolls
Logo No Hate Speech Movement

Bundestag passes law to fine social media companies for not deleting hate speech

Honouring computing’s 1843 visionary, Lady Ada Lovelace. (Design of doodle by Kevin Laughlin)

Wednesday, February 26, 2014

Bitcoin world in turmoil after exchange goes dark

Google – AFP, Rob Lever (AFP), 25 February 2014

The back, hologram side, of a physical Bitcoin minted in a shop
on April 26, 2013 in Sandy, Utah (Getty/AFP/File, George Frey)

Washington — The Bitcoin community was thrown into turmoil Tuesday after the disappearance of what had been its biggest exchange, shaking confidence in the fast-growing virtual currency.

Critics said the failure of the Tokyo-based MtGox exchange and the apparent loss of some $300 million in Bitcoins highlighted flaws in the cryptocurrency, while others said it was merely a bump in the road.

The value of a Bitcoin tumbled more than $100 in early trades but then recovered to fetch $515 at 2030 GMT, according to the Winkdex Bitcoin index. The moves highlighted the extreme volatility of the currency, which surged over $1,100 last year and then fell sharply.

The closing of MtGox "is a significant setback for the Bitcoin community," said Mark Williams, a Boston University expert on risk management and financial markets who has long warned about the dangers of Bitcoin.

"This exposes its structural flaws," Williams told AFP. "It shows self-regulation doesn't work. When there is big money on the table, there is an incentive to cheat and consumers are 100 percent exposed."

- 'Self-reinforcing panic' -

Henry Farrell, a George Washington University political economist, said that, as with other currencies, Bitcoin needs to establish confidence.

"If people start to panic and think this is a sign of general problems in the Bitcoin economy, it becomes a bit like the 2009 financial crisis," he said.

"You can get a general self-reinforcing panic which sets in."

Farrell said Bitcoin is now in a "fragile situation" and needs to get through the current crisis to survive. But he does not see Bitcoin expanding beyond being a "hobby currency."

Peter Leeds, publisher of an investment newsletter, said the MtGox collapse is likely to discourage investments and prompt more efforts to regulate Bitcoin.

"The network was always at risk, but now with a sudden drop of over 20 percent, a tipping point is being approached which would derail the entire system," Leeds said.

US Senator Tom Carper, who heads a homeland security panel, said the MtGox collapse underscores the need for regulation.

"The disturbing news today from Japan is a reminder of the damage potentially ill equipped and unregulated financial actors can wreak on unsuspecting consumers," Carper said in a statement.

A user is instructed on how to scan his palm to ensure that a single
 user cannot exchange more than $1,000 in a single day day on the
 world's first bitcoin ATM at Waves Coffee House on October 29, 2013
in Vancouver, Canada (Getty/AFP/File, David Ryder)

- Weeding out 'bad actors' -

But defenders of Bitcoin expressed confidence in the virtual currency, which is based on a computer algorithm designed by one or more anonymous people in 2009.

The heads of other major Bitcoin exchanges issued a joint statement saying the collapse of MtGox was a "tragic violation of the trust of users" and "does not reflect the resilience or value of Bitcoin and the digital currency industry."

"As with any new industry, there are certain bad actors that need to be weeded out," the statement said.

"We are confident, however, that strong Bitcoin companies, led by highly competent teams and backed by credible investors, will continue to thrive, and to fulfill the promise that Bitcoin offers as the future of payment in the Internet age."

Proponents say the currency is an efficient and anonymous way to store and transfer monetary value, and to avoid the risks inherent in any currency dependent on the viability of a government for its value.

And as MtGox went down, a new Bitcoin exchange was to be launched by SecondMarket Holdings, a US firm specializing in alternative investments, The New York Times reported.

Bitcoin values steadied after the exchange posted a note several hours after going offline, saying "a decision was taken to close all transactions for the time being in order to protect the site and our users."

Some reports highlighted a line in the MtGox computer code hinting at a new owner -- "put announce for mtgox acq here."

The Coindesk website that follows the currency reported that MtGox would close for one month for "rebranding."

Fred Wilson, a venture capitalist who has invested in Bitcoin, said he bought more of the virtual currency when the price dropped Tuesday.

"The wonderful thing about a globally distributed financial network is that if one of the nodes goes down, it doesn't take the system down," he wrote on his blog.

"I always feel good buying when there is blood in the streets in any market. It is my favorite time to buy." 

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