Three bitcoins in the Fountain

What kind of happily-ever-after is there for the bitcoin?

"Three Coins in the Fountain" was a regular post-war, classic oldie, on late night television when I was growing up. When it's heroines, Frances, Anita, and Maria tossed their lucky coins into the Trevi Fountain, they were wishing for diamond rings. Actually, they were supposed to be wishing to return to Rome, but every popcorn snacker in the 50's theaters knew they were intent on love - the kind of love that ends in marriage. A girl of that time wasn't supposed to have much on her mind other than traditional marriage.

With all that "glorious technicolor",  and the romantic lure of handsome fellas like Louis Jourdan and Rossano Brazzi (yes, the ultra-suave Emile De Becque in South Pacific), viewers 
just knew any coin - whether it was American quarter or a five lire piece - that got pitched into that much-visited Roman landmark 
was a guarantee of a happily-ever-after ending.

Not so much with todays not-quite-mainstream bitcoin. 

With twelve and a half million bitcoins in circulation, however, we've come to a point where it's not just a select group of digital know-it-all, hacker types controlling this crytopcurrency. Nowadays, the IRS and Wall Street are taking an interest. The IRS has issued tax guidelines for virtual currencies. Agencies in other countries are making similar moves. Banks and speculators are investing in Bitcoins*.

Oh and various criminal types are focusing on bitcoin transactions as well. Gotten in on any good Ponzi schemes lately? Ponzi masters are only one style of robber barons misusing Bitcoin technology. Who knows what other trolls are hanging out under bridges, persuing bitcoins on the dark side of the web.

Government agencies, financial mavens, and calculating criminals are all interested in getting, keeping and enhancing the value of Bitcoins. Well we all know who comes next. Yup, us regular folks just may be thinking about slipping bitcoins into our virtual wallets any day now. I'm starting to get a vision....

There I am, hopping up on the elliptical at the gym, strapping on my Oculus glasses for that virtual ride through Disneyland, an experience that's bound to keep me entertained while I pedal the virtual miles away. Just up ahead is Snow White's wishing well. 

I'd really love to see the monthly sales figures go up on My Heart Beats Faster  ebook at amazon.  What could be a better investment in my sales futures than a Disneyland wish?

Is my digital bitcoin, like it's more traditional 1954 cousin,  going to guarantee me my own happy ever after ? Let me just reach  on down into that digital wallet.....

* Note the capital "B" - which 

refers to the technology and management of the currency, versus 'bitcoin' - the actual currency.

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Web Resources

Three Coins in the Fountain - The movie
http://en.wikipedia.org/wiki/Three_Coins_in_the_Fountain_(film)

What's a bitcoin? http://en.wikipedia.org/wiki/Bitcoin

San Francisco Chronicle Bitcoin Politics and Business Changes http://www.sfgate.com/technology/article/Bitcoin-supporters-clash-over-ideological-5360314.php

Facebook and Oculus - What about those 3D glasses? http://www.mercurynews.com/news/ci_25426490/biz-break:-harsh-reality-for-facebook-after-2b-oculus-acquisition

What's Crytopcurrency? http://en.wikipedia.org/wiki/Cryptocurrency

Where might digital trolls hang out? Dark Web/ Deep Web - http://en.wikipedia.org/wiki/Dark_web

An Eye On that New Smart Phone Star in the Sky

Has the smart phone market bubble gone bust?

I read this week, that companies like Apple, HP, and Intel may need to take things down a notch, when it comes to smartphone production. They don't doubt their popularity. Folks continue to enjoy these devices,  it's just that sales aren't growing like they once were. Oh, and they may not be able to charge as much for them. Of course I also read about the market in China heating up for Apple, so I don't think that fruit stand down the street is going to be suffering too much. For those of us without investments in these companies, is a price break a bad thing?  

My main concern is built in obsolescence. Like that stove top we had to replace in less than ten years, whereas the ones I remember from my childhood had been around since the 1930's, and may still be in use somewhere today. If those big companies decide they want to sell me on wearables, instead of a phone, you know I'll be stuck. Although it sure would be awesome to be able to just look down at my wrist to see what time it is, instead of having to get out my phone. Oh wait, isn't that what we all used to do?

I do notice a strong desire to have the latest and greatest smart phone, don't you? Mobile devices seem to have replaced changing fashions in clothes. Yes, believe it or not there was a time before we all wore tee shirts and jeans to work. Hemlines went up one year, down the next, and no gal wanted to be seen dead in last years skirt. Of course men could get by with just switching out the wide tee for the narrow one. Oh a tie, let me try and explain what that was.... 

I wonder who figured out they'd do better selling us on keeping up with the phonies down the street, than getting us to simply fill our wardrobes? I know it's going to cost me more in the long run. I tend to sew my own clothes, but I strongly doubt I'm going to be rolling my own mobile devices.

Built in obsolescence is a big help to mobile device manufacturers - not so much for me.

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Web Resources

Apple, HP, Intel may be hit by slowdown in growth of smartphone sales http://www.siliconvalley.com/ci_25347385/apple-hp-intel-may-be-hit-by-slowdown

Music to Apple's Ears: the iPhone is Mobile China's Leading 4G Smartphone http://www.patentlyapple.com/patently-apple/2014/03/music-to-apples-ears-the-iphone-is-mobile-chinas-leading-4g-smartphone.html

Confusing the Censors. Google on a White Horse?

Articles in this news this week, in regards to new encryption techniques, paint Google in a very chivalrous role. I was tempted to illustrate this post with an Arthurian knight on a milk-white steed. However, the real hero here may well be the patient end-user who works around censorship on a day-to-day basis.

How might  this weeks move by Google to encrypt searches, impact regular folks here and in China?

For me... nothing much. If I want to search for information about Mao Hengfeng, a woman human rights activist in China, I can do so here in the San Francisco Bay Area. But very likely I won't get any results with the same search in mainland China.

Google's new implementation of search encryption could mean that my search will no longer be waylaid by government censors. Whether at home or abroad, I should now be able to bring up her wikipedia, and other, web pages.

But there's another way to carry out this search in China, and it uses techniques (Do we notice the connection to technology?)  that have been in use since power struggling between people first began. Anybody whose ever read Sherlock Holmes or a WWII spy-thriller knows how this works. The method involves someone in or outside of the community setting up coded words and phrases. If I want to search on Mao Hengfeng in Peking, very likely I know, or I ask around, until I find out her alternate name. And once the censors figure out the code and ban it by digital censorship, than the word gets out in the underground about a new name or phrase that brings up the same information.

Chinese censors are probably already at work figuring out a way around Google's encrypted searches, but regular people, using technology as old as the hills, are one step ahead of Google's white horse.

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Web Resources

NPR Avoiding the Great Firewall Internet Censors: http://www.npr.org/templates/story/story.php?storyId=220106496

Mao Hengfeng: http://en.wikipedia.org/wiki/Mao_Hengfeng

Great Firewall's Next Hurdle http://www.washingtonpost.com/blogs/the-switch/wp/2014/03/12/google-is-encrypting-search-worldwide-thats-bad-for-the-nsa-and-china/

Silicon Valley Tech News http://www.siliconvalley.com