*****Bitcoins: currency coins or fake money?******
Poor Bitcoin. It is like Rodney Dangerfield: it can't get any respect. Not through the individuals whom could simply take it towards the next level anyway. And the very reason some touted it as the way that is best to go currency around on line may be the precise reason it will never ever attain main-stream acceptance. At the very least, in accordance with nTrust creator and CEO Robert MacGregor, who is additionally a technology and alternative payments lawyer. The online vault systems founder (nTrust isn't obtainable in the U.S.) has some strong opinions on Bitcoins and exactly why they remain lukewarm in reception overall to the web financial trade world.
Still Struggling for Mainstream Acceptance
MacGregor recently coined an op-ed piece on Bitcoins, and shared his thoughts on why they will probably never be accepted by the main-stream banking worldwide entities as a genuine currency. MacGregor says the issue isn't whether Bitcoins have enjoyed some acceptance, but if they will ever get acceptance that is enough matter, and his answer is: not much. And he's not the only one who thinks so, either.
The nTrust CEO ascertains that, by the concept of money as something you can use to get things, Bitcoins have actually failed miserably. And to measure that, MacGregor states, whatever you have to do is view the number that is relatively tiny of who accept Bitcoin, and, moreover, the virtually nonexistent number of major merchants -such as Amazon et al who enable it at all.
MacGregor continues by saying that, although many have said Bitcoins merely need time to generally be more embraced by the Internet commerce public, he just doesn't see it ever taking place. And there are a variety of good reasons for that, the first being the merchant barriers towards using Bitcoins as being a exchange option that is monetary.
MacGregor uses Amazon certainly generally thought to be one of the planet's leading merchants that are online an example of why Bitcoins have actuallyn't flourished. For example, Amazon pays hundreds of millions in credit card deal fees and reimbursing credit card fraudulence, also as to the workers and administration systems required to ensure it is all work. With typical processing costs averaging out to about 2-3 percent for such a massive Internet merchant, you'd think a no-fee payment option like Bitcoins would be popular with Amazon, but it's perhaps not.
Barriers to Adoption
A variety of uncertain liquidity ( the capability to convert Bitcoins into a more usable form of cash that would be deposited in a bank, for example) and the unrealistic (and fallible that is already proven assertion that Bitcoins will always remain outside the long supply associated with legislation, are the main obstacles to mainstream acceptance. A department that is recent of Grand Jury research in Maryland into Mt. Gox, the world's largest Bitcoin exchange, has already busted that myth into smithereens.
And because of the DoJ cracking down hard on something that can and was useful for money laundering, terrorist and/or criminal acquisitions things that Bitcoin, using its somewhat cloaked layer of anonymity, has inherent in its distribution framework a business like Amazon would never expose it self to the scrutiny, or the danger, of an investigation that is full-blown.
Archbishop of Canterbury Says Church Can spend in Gambling and Porn
*****Chaucer's bawdy stories might be inspiring the Church of England's investment policies******
The Archbishop of Canterbury had been recently left blushing with embarrassment than they solve after it was found that the Church of England had bankrolled Wonga, one of those payday loan firms that are known for resulting in more debt. With their sky-high interest charges and annoyingly catchy advertisement jingles, their M.O. is to lure in punters whom already are clearly regarding the edge of bankruptcy, as they resort to the 'instant cash' solution.
Information of the £75,000 ($114, 350 US) investment broke just one day after the Most Reverend Justin Welby publicly pledged to 'compete' the pay day loan company out of business by checking a network of parish churches to market credit unions working not-for-profit. With a total £5.5 billion ($8.4 billion US) investment portfolio, the Church of England's investing power is nothing to sneeze at, that's for sure.
The oilman-turned-Archbishop announced that he was 'irritated' at the emergence regarding the news, and that the Church would be scrutinizing its opportunities to choose 'how much sin' can be tolerated. The Church has previously been quite vocal in its moral assessments about investments, which means this brand new 'what is it possible to do' philosophy is certainly one those things that produce you go 'hmmmmmm.'
Cashes to cashes, breasts to breasts
The Archbishop also announced that it is not against the rules to invest in companies involved with gambling in addition to the payday loan company. Yet more stunning was his announcement that the Church of England can invest in businesses also that promote porn, which appears to tick even more boxes within the 'thou shalt not' category. Oh, the gluey issues of the Church investment policy.
' We are going to have to review these levels and how we take action,' said the Archbishop during a BBC radio interview, when expected when it is theologically sound for the Church to invest in gambling and pornography. ' The reality is, if you invest in a hotel chain, a complete lot of resort chains offer pornography in their hotel rooms. Can you consequently maybe not invest in any hotel chains at all?
'that it is almost impossible for the Church to make an investment that was not tainted in some way if you exclude any contact with anything that directly or indirectly gets in any way bad, you can't do anything at all,' he said, stating. Cash is, in the end, the main of most wicked; but churches, like everyone, have bills to cover. Such a conundrum.
Perhaps we'll soon see blinking lights on Westminster Abbey, beckoning in punters for a spin of the roulette wheel and a lapdance at the time that is same. Well, after all, bingo is accepted for eons, so it's type of just like a beginner drug. Or maybe even a new online site geared towards the religious gamblers nowadays, by having a possible name like prayyouwin.com.
Penny Wise, But Sounds Foolish
While it's tough to link an organization such as Wonga to your porn industry, it's not difficult to suppose many taking up the offer of easy and instant cash have possibly found themselves in that situation due to reckless online gambling. And surely anything that places the Church in a place where they are seen to be encouraging, and even profiting from, the misfortune of irresponsibility, means that a company which is meant to hold itself in high regard that is moral acting questionably at the very least.
And also at a time when Prime Minister David Cameron has established pending policy to block pornography from being accessed unless a phone call to unlock content is made, it all seems a tad ironic.
Daniel Negreanu Disses Tom Dwan; But Is It For Genuine or For Show?
*****Daniel Negreanu has some choice words for Tom Dwan*****
Top-ranked poker pro Daniel Negreanu is at it again. The Canadian player has never been known to not talk his brain in terms of other players behaving poorly (having previously described Full Tilt pros Howard Lederer and Chris 'Jesus' Ferguson as 'absolute, flat-out scumbags'); nevertheless now it's legendary online pro Tom 'durrrr' Dwan who is the subject regarding the vegan poker player's wrath. In a interview with PokerPlayer magazine, Negreanu dissed his fellow Rational Group (PokerStars' and complete Tilt's joint parent company) compensated shill.
Late for a very important date
Seems while shooting footage for the 'grudge match' between Dwan (who represents Full Tilt, which is technically owned by PokerStars, but run as an entity that is separate and Negreanu (who represents PokerStars), that Dwan showed up four hours late, ticking down the Canadian with his New Jersey boorish ways. (we've always secretly thought Dwan is really Spock's love child from 'Star Trek,' but that is another tale entirely).
'If you are a sponsored player and you obtain compensated, you then had better do those things or perhaps you are disrespecting your organization and the game. Then don't wear the patch,'said Negreanu in contempt of his competitor Dwan if you are not prepared to do that.
But Daniel didn't just stop with smacking durrrr for his tardiness; he went on to actually dis his poker play.
'I don't think Tom is one of the finest [in the world] I don't know if he ever was,' Negreanu said in the hot interview. Inform us how you sense, Daniel.
Genuine, or Staged Fight?
Naturally, into the pugilistic world of poker, it took about 2.5 seconds for people to take edges; after all, unlike the Lederer/Ferguson debacle, Dwan has only taken cash out of players' pockets that he won fair and square, typically in the money games of which many consider him to become a master. Not assisting his case ended up being the actual fact that Negreanu has, in the past, praised Dwan to the skies, causing some speculation that some sort of 'WWE'-type cartoon wrestling dis could be going on here.
Back 2010, Negreanu had written that he'd discovered so much from a three-day no limit Hold'em session with Dwan, Patrik Antonius and Phil Ivey; can his viewpoint have changed therefore entirely three years later? And the year that is same the Canadian ranked the New Jerseyite as a 'great player' and place him in a set of his top-ranked young poker advantages. We're hearing bells go off in the wrestling ring and seeing some body slams that might look a little forced.
This all begs the question, how a lot of poker at the level that is pro 'entertainment,' and how much is pure gameplay, specially while the uber-competitive world of online poker slowly reemerges in America? And even though many purists have actually raged for years for the latter (making the existing ESPN coverage of World Series of Poker incredibly dull as a result), it's a game played by larger-than-life characters, who, while real people, are players in a more substantial universe that often does take on a rather quality that is cartoon-y.
For the very reason why, like Greek deities or WWE wrestlers, pro poker players represent many peoples qualities: greed, passion, skill, poor choices, incredible good or bad luck, sloth and so on, they become archetypes we can all relate to in some way. Rational Group could be very smart to tap to the desire for feuds in the spirit that is human or, Daniel Negreanu may simply have changed his head. You decide.