Yep, still LickSpittleCoin

Posted in Culture of Lickspittle, Fiat money fear and loathers at 1:41 pm by George Smith

From the WSJ:

Bitcoin Latest Price: $460.89, down 7.9% (via CoinDesk)
Crossing Our Desk:

– Beijing still seems to matter for the price of bitcoin. Given that trading in the digital currency has dried up considerably since China first started cracking down on banks’ interactions with bitcoin businesses in December, you’d think the market’s capacity to be surprised might have similarly dried up.

But here we are, once again, with reports of some negative statements by officials at the People’s Bank of China and bitcoin’s international price is down sharply. Specifically, today’s $40 drop …

Get your painting of BitCoin Elvis now. Hurry!

BitCoin grifters arrive in Washington for its cheap power, hydroelectric, mostly built by the government, many years ago.

From the Spokane Spokesman:

When two Stanford University grads wanted to start a bitcoin company, they looked for the lowest power rates in the country.

A map comparing energy rates led them to Central Washington, where hydroelectric dams churn out electricity that costs industrial customers less than 2 cents per kilowatt.

HashPlex, the business launched by Bernie Rihn and George Schnurle, is one of several bitcoin mining companies operating or preparing to launch in Grant, Chelan and Douglas counties …

In a warehouse near Wenatchee in Douglas County, Everett entrepreneur Dave Carlson runs a bitcoin business called MegaBigPower. It’s one of three MegaBigPower sites, including one in Poland.

Inside the 5,000- square-foot building are long rows of racks and shelves holding computer boards connected by cables to hundreds of other computer servers that keep track of what the boards are doing.

Carlson has been featured in several major publications, where he’s said his business is likely the largest bitcoin mining business in the United States.

Like Rihn, he doesn’t want to disclose his specific location.

Sing us the song about the democratizing power of BitCoin tech again, won’t you please?

1 Comment

  1. Ted Jr. said,

    April 28, 2014 at 8:30 pm

    >>Sing us the song about the democratizing power of BitCoin tech again, >>won’t you please?

    Yes, because I fully trust the motives of some anonymous alias who might or might not be the Asian Re-Incarnation of Elvis to rid me of the scourge of robber baron vulture capitalists.