Bitcoin – The Future Of A Currency Destined To Fail

portfolio06.jpgNOTE 2/25/14: Only days after writing this article, bitcoin value went into freefall. The reason is that the Mt. Gox bitcoin exchange (mentioned in this article) has ceased operating and has filed for bankruptcy protection. One news report stated that $165 million in bitcoins that were supposed to be securely kept within the exchange’s cyber vault is unaccounted for.

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If you haven’t heard of Bitcoin, I expect you will be hearing about it in the mainstream media shortly.

Bitcoin is a currency that doesn’t exist. It is a virtual world currency, but is being used to buy items as a form of real world cash. It’s currently accepted in about 1000 brick and mortar businesses throughout the world and about 35,000 online businesses.

Even more recently, it was just announced that two Bitcoin ATM’s are being made available to Bitcoin believers in the U.S. Continue reading

A Bad Snow Season But Influenza In Pennsylvania Is In Decline

Six weeks into the flu season, the H1N1 virus is still killing young adults and middle-aged Americans at epidemic levels in other areas of the U.S., according to the Centers for Disease Control and Prevention.

Pennsylvania, though, seems to have gotten through the worst of the viral storm, if not the snow storms.

Although the death toll isn’t nearly as bad as the 2009 influenza epidemic that swept across the United States, that same H1N1 virus has seen a resurgence this year, infecting more than 6,600 Americans since October and resulting in deaths beyond epidemic levels for the rest of the country since mid-January. Continue reading

Northampton County Executive John Brown Tramples On

Photo: Morning Call
Photo: Morning Call

Newspapers and blogs are reporting on newly elected NorCo Executive John Brown intending to hire a “consultant” for a mind boggling cost of $715,000 over the next 4 years. The hiring would be made without a bidding process.

In light of this I have taken the liberty of rewriting an old Civil War song.

(Thanks to those who gave suggestions for improvement)

 

 

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