I assume you are talking about taxes when you withdraw funds from a plan funded by previously not taxed income?
I was referring just to the cyprus bail out, which is just taking money that flat, not a tax.

No, I'm referring to the economic collapse manufactured by bankers wherein people lost all the funds in their retirement accounts while the bankers made out with billions of dollars.

The only people I know who use bitcoins use them to purchase drugs in the deep web. Scary stuff.

Yeah I've only heard of but coins used on the deep web and silk road. And from what I hear anymore it's pretty fucking expensive to bid and win a sellers account anymore.

Bitcoin hacked.
http://www.cnbc.com/id/100615508

Wow. I had no idea that Bitcoins had gone that high in the first place. I bought two back when they were like $7 so I could get this stupid patch. http://www.nerdmeritbadges.com/products/bitcoin. I held on the the second one until the price doubled and then sold it. Guess I should have bought at least three. Could have financed a new toy. Derp.

The exchanges have been hacked before. You'd have to really have a high tolerance for risk to play with these.

Thats an entirely different animal than government sanctioned taking.

When the government is in bed with the bankers I don't see it as being all that different. When the government hands them billions of dollars because the banks "failed", I just don't see how the two aren't connected. And when the government keeps buying phony dollars from the Federal Reserve, I see an endless loop of government-backed heists of our savings perpetrated by the banks.
How is it that the markets are continually setting new record highs, corporations are bringing in record profits, yet jobs are stagnant and salaries are decreasing? The financial system is once again creating money from nothing to line the pockets of those who control the system, while simultaneously siphoning money away from the working class. And if the government won't do anything about it, then it's essentially government sanctioned behavior.

The difference is that the government didn't take money out of people's 401k, they just lost a huge percentage of their value. Some of these investments are probably returning to their pre-crash value. Others are not. I think the bigger problem with 401ks is that people assumed it was a foolproof way to save/make money for retirement. Unfortunately it's not because it's an investment and NOT a savings.

Derail aside, is the Euro thing really the reason this shot up in value? I checked the value a few weeks ago and it was at $40. Can't believe its so high now!

Bitcoin v2?
http://www.businessweek.com/articles/20 ... in-copycat

Crazy.

So I just got my Ripple wallet opened. Anybody else have one?
I wanna go find some toys to sell and only accept payment through Ripple!

I signed up a while back, but haven't gotten any emails/update recently. I can send you all the money I have in my ripple wallet for dibs on your toys.

Shouldn't it be called a bottle instead of a wallet?

Yeah - that's how it was for me too. I signed up for their newsletter back in April and yesterday I just received a link that allowed me to open a wallet. They planned to grant access to everyone who had signed up prior to May by the end of May, but it seems that was pushed back a tiny bit. You'll probably get your notification soon.
All of my toys are now "on hold" pending your Ripple payment! But seriously though, I really wanna use this and if I do decide to sell any toys in the future I will be requesting payment via Ripple. Paypal can go to hell.

Hmmm, this makes for an interesting precedent. Even if the how and why are a bit murky, it is unsual of them to recognise Bitcoins as an 'asset.'

U.S. feds make their first-ever Bitcoin seizure

Well, it looks like the Bitcoin kiosks are coming to Canada. To be honest, with the whole move to it being a universal virtual currency, companies based upon having physical interactions (and actual coins!) seems kind of backward thinking, but whatever.

http://www.cbc.ca/news/technology/story/2013/09/08/bitcoins-canada-kiosks.html

there's a bitcoin pub here in london..

http://www.wired.co.uk/news/archive/201 ... itcoin-pub

That is a great system, though the part of him writing the code to do the conversion himself is a bit worrisome for me. The 8% 'padding' isn't exactly peanuts. Still, I appreciate the convenience of this.

actually,,even with the 8% tax,,, £3 for a pint is very cheap for London...

plus,,you're not expected to tip

bargain!!!

So they are now trading at above 1000$?

Damn, I'm going to have to search old email accounts to see if I didn't buy some on a whim years ago. I could sure use a small windfall of cash.

Never considered this happening
http://finance.yahoo.com/news/9m-bitcoi ... 00943.html

Supposedly Litecoin, another digital currency, is beginning to rise in value.

I'm considering buying some "on a whim" in hopes that it'll have as much success as bitcoin.