New York State Foolishly Regulates Bitcoin

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February 12, 2014 — Albany, New York — MadBitcoins has the taste you never get tired of. MadBitcoins Subscriber Index 2558. The aliens said some of their own kind tried to fight the technology when it was discovered. The aliens didn’t mind. They left them behind in their caves with their stone tools, became beings of pure energy and explored the stars. They never gave the luddites a second thought.

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Here are Today’s MadBits: Bitcoin prices seem to have found the floor after all the recent bad news, With CoinDesk BPI reporting a last of 3, a high of 7 and a low of 3. Litecoin was at dollars and 21 cents a coin.

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1.) New York regulator moving ahead on bitcoin regulation
http://www.cnbc.com/id/101408527

2.) Bitcoin Exchanges Under ‘Massive and Concerted Attack’
http://www.coindesk.com/massive-concerted-attack-launched-bitcoin-exchanges/

3.) The definition of karma (or irony really, come on news guys, who’s to say he deserved this, learn what the words mean before you use them): as the president of PayPal has his credit card hacked (actually skimmed, but who’s looking for accuracy anyway)
http://www.engadget.com/2014/02/10/paypal-presidents-credit-card-gets-hacked/

4.) Coinbase Partners with Fiverr, the First Large Services Marketplace to Accept Bitcoin
http://blog.coinbase.com/post/76315615202/coinbase-partners-with-fiverr-first-large-services

5.) Dell now accepts Gyft!
http://www.gyft.com/merchants/dell/

6.) The Bitcoin Community Is Convinced The Latest Attack Is A Huge Buying Opportunity
http://www.businessinsider.com/bitcoin-evangelists-still-believe-2014-2?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29

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20 COMMENTS

  1. What happens in NY happens now happens in the rest of the country later. The most likely thing to happen is banks making their own digicoin eventually…lol possibly the Wallstcoin someday lol!

  2. Today is the day. I will no longer buy anything online unless it's in bitcoin or through gyft.
    Today I deleted my credit cards from amazon.
    About the only thing I'll still use visa for is for my automatic monthly donation to the vasagel trials. Imagine a form of birth control that men actually control. Two shots and you're shooting blanks for 10 years unless you want it reversed, then two more shots and after a week, you're fertile again. No danger of some woman with baby rabis making you a father against your will and leaving you with the bill for the next 18 years. That's one donation that I absolutely will not stop unless I lose my job or something. But I hear they're going to start taking bitcoin.
    WOO HOO! I just checked and they've started accepting bitcoin!!!
    http://www.parsemusfoundation.org/vasalgel-home/

    I made my first paper wallets today and when I owe people money at work, like for the coffee fund, I'll offer to pay in bitcoin, load it into one of the wallets and hand it over. And before you ask, no I didn't backup the private key. I make plenty of money at my job as a diesel mechanic. I have no need to steal.
    Sorry, can't do it today. It's past my bedtime but I promise I'll give you your shorty vote before the deadline.

  3. I THOUGHT THE TROOPS WERE FIGHTING FOR OUR FREEDOMS…LIKE THEY ALL CLAIM TO BE…..AND THE GOVERNMENT OUTLAWS BITCOIN… TROOPS…FAIL…HMMMM….LOOKS LIKE THE TROOPS AND THE GOVERNMENT…ARE OUR BIGGEST ENEMIES BOYS AND GIRLS….SHO NUFF….

  4. why don't you come clean, your cover is blown. we know bitcoin is a NSA funded project. your mascot's wanted , pretty much begging for regulation. the wrinkel tiwn,  oh how ironic, the president of paypal is a mass holder of bitcoin. you just need to be honest and come clean, its all info avail on the web. maybe next time, you should try being honest, on Bitcoin. 

  5. cheers for the mad vid. Ya, heaps of bad news lately…things should pick up, Lol.
    The FBI SR BTC release is still in the pipelines……but overall, things keep rolling along. Ya, BTC is akin to cash, just on the net.

  6. People who still say that bitcoin is like a Tulip bubble or craze, really don't know what they are talking about. Did Tulip bubble busted then re-inflated back up again five to six times?! Supposed "bust" of bitcoin price is nothing more than a buying opportunity for me! Time to buy some more!

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