Year 8 Begins

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Lead Top Performing Metal of 2015

Out of all the metals traded on open markets in 2015, lead was the top performer posting only a 5% loss closing the year at 0.80 United States Dollars per pound and 1623.27 Euros per ton. Humble lead's 5% loss was enough to outperform all of the precious metals, the rare earth metals, and the other base metals. Price information on metals with less established markets in 2015 is unavailable.

7 Month Investigation Catches Alleged Refund Fraudsters

In another incident highlighting weaknesses underlying the fiat system, it took the Volusia County Sheriff's Department in Florida 7 months to investigate an operation they allege used gift cards to launder value derived from stolen retail merchandise (archived). The Sheriff's Department alleges that Cash for Gift Card stores operated by a father and his adult son knowingly sent thieves to steal from retail stores and return the merchandise in exchange for gift cards. The Cash for Gift Card stores were alleged to buy these gift cards at half their face value and then resell them in bulk on the Internet. How the Sheriff's department supposes the thieves were enlisted by Cash for Gift Card as opposed to self motivated is unknown at this time. There is however no ambiguity that there exists an extraordinary number of places where the fiat system leaks value big and small, online and offline.

Bitcoin Foundation Address Recap

The Bitcoin Foundation opened the year with a State of Bitcoin Address sharing a few developments as the Foundation continues in its second year of work. The address is highlighted by the Foundation's impending move to tag their reference client version 0.5.4 with the release label. Other developments include: Continue reading