bitcartel

12 ms·

61.
by bitcartel 14y ago
From your link: "The 10bn-euro ($13bn; £8.6bn) bailout agreed with the EU and IMF had demanded that all bank customers pay a one-off levy and led to heavy cash withdrawals." The EU were happy to sign off on a proposal which would see depo
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by bitcartel 14y ago
In the original proposal from just over a week ago, the EU (and IMF) were quite happy to see deposit holders with under 100,000 EUR being hit. "Cyprus President Nicos Anastasiades says he is battling against eurozone demands that all bank
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by bitcartel 14y ago
It's considered sacroscant because deposit holders have always believed in the fiduciary duty of banks, even if the legal reality was different. Before 2008, I'm sure many people had never even heard of deposit guarantees, it was just assu
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by bitcartel 14y ago
It is true [1]. "Cyprus President Nicos Anastasiades says he is battling against eurozone demands that all bank customers pay a one-off levy in return for a bailout. Mr Anastasiades said he shared people's unhappiness with the terms, where
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by bitcartel 14y ago
It appears nothing is more important than the banks. "Back in December 2012 the FDIC and the BoE published a joint paper outlining their new approach for how to resolve any future collapse of one of the Too-Big-To-Fail banks... 'deposit gu
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by bitcartel 14y ago
There is a very important question here: What is the relationship between you and the bank? Up until recently, it has been considered sacrosanct that deposit holders be protected, no matter the cost. The convention and social contract has
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by bitcartel 14y ago
The article omits an important fact: The public's gold was exchanged at $20.67 per troy ounce, but months later, the official price of gold was raised to $35.00 per troy ounce. Essentially, the public were not properly compensated for turn
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by bitcartel 14y ago
I don't think it was clear at all. 1) 18 months ago, banks in Cyprus passed EU bank stress tests. 2) The EU has a deposit guarantee. 3) The new Prime Minister was elected because he promised deposits would never be touched. 4) Other countri
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by bitcartel 14y ago
You might want some redundancy in case the bank accidentally destroys your safety deposit box [1] or the bank is raided and valuables are confiscated from every single deposit box [2]. [1] http://www.dbs.com.hk/en/aboutus/newsroom/2004/041
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by bitcartel 14y ago
The volatility will only increase with the introduction of professional speculators. "First Bitcoin Hedge Fund Launches From Malta Current assets under management in the Bitcoin Fund are $3.2 million (2.5€ million) and there is no performa
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by bitcartel 14y ago
Thanks. That's not actually it but there was a reference to the SF study and from that it was possible to find the actual report. Researchers: http://citris-uc.org/news/2009/04/14/citris_helps_city_san_f... PDF: http://www.ischool.berke
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by bitcartel 14y ago
Does anybody have a link to the San Francisco study referred to below by Cory Doctorow? "It's about the total failure of CCTV to deter people from committing crimes in the first place. After all, that's how we were sold on CCTV – not mere
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by bitcartel 14y ago
I wonder how much this has to do with the departure of Bertrand Sertlet. “I’ve worked with Steve for 22 years and have had an incredible time developing products at both NeXT and Apple, but at this point, I want to focus less on products a
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by bitcartel 14y ago
Yes, but if OWC didn't throw in a special USB case, the original SSD module would be useless as you can't plug it into any other laptop, nor can you realistically sell it. I wish Apple would support the mSata interface. A lot of other manu
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by bitcartel 14y ago
Sadly, in Dickensian Britain, a .Net developer is worth the princely sum of £1 a day, while a Python/Django expert can at best hope for £600 a year! http://i.imgur.com/3Aw8oop.png (genuine screenshot from the Independent, a British newspa
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by bitcartel 14y ago
Check out Xamarin Studio. It's a full blown IDE and it's quite impressive in terms of native feel. Apparently written in C#, Mono and GTK#. http://xamarin.com/studio
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by bitcartel 14y ago
The original SourceTree for Mac is a native Cocoa app. If this Windows version has been written in C# it could potentially be ported to Linux with Mono and GTK#/Qyoto. Perhaps the future is one single cross-platform app?
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by bitcartel 14y ago
I would recommend the solar powered Logitech keyboard [1] as it means one less thing to worry about charging. Does anybody know of a solar powered trackpad? [1] http://www.logitech.com/en-gb/product/Wireless-Solar-Keyboar...
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by bitcartel 14y ago
Given the inevitable public backlash, looks like they're already back-peddling, or worse, just making things up as they go along. "The Cypriot government on Sunday discussed with lenders the possibility of changing the levy to 3.0 percent
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by bitcartel 14y ago
The banks are supposed to open on Tuesday. Extending the bank holiday and blocking international transfers is most likely a violation of the EU treaty which guarantees free movement of capital. http://ec.europa.eu/internal_market/capital/
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by bitcartel 14y ago
The UK will compensate some of its expats: "But I can tell you that for people serving in our military, people serving our government out in Cyprus – because we have military bases there – we are going to compensate anyone who is affected
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by bitcartel 14y ago
I'm sure people across the EU are paying close attention, especially with many financial pundits holding a view that Cyprus is just a guinea pig. If the people there roll over without too much fuss, stealing directly from deposit holders wi
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by bitcartel 14y ago
Not at all. With personal taxes, you can disagree over the amount to be paid, you have time to prepare your accounts and get your finances in order, you can even refuse to pay and negotiate a settlement with the taxman. In contrast, Cypriot
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by bitcartel 14y ago
Cyprus makes the key decision. "Cyprus's parliament will decide on Sunday whether savers must pay a levy on bank deposits under terms for an international bailout to avert bankruptcy - with approval far from certain... Cyprus's parliament
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by bitcartel 14y ago
It's theft from your family, plain and simple. You still have a chance to stop this outrage, as it must pass your parliament, and then other Eurozone parliaments too. Good luck.
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by bitcartel 14y ago
One view is that if you have Euros, the safest place for them is Germany, because if the single currency does break up over a weekend, at least your Euros will be converted into Deutsch Marks.
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by bitcartel 14y ago
It's theft, plain and simple. The Cypriot people are not being asked if they want to sacrifice their savings - it is being taken from them by force!
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by bitcartel 14y ago
A few things to consider: Central banks are buying gold. http://www.bloomberg.com/news/2013-02-10/putin-turns-black-g... Central banks are repatriating gold reserves held overseas. http://www.forbes.com/sites/afontevecchia/2013/01/16/ger
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by bitcartel 14y ago
Sage (Firefox plug-in) works with Firefox Sync, so you can have your RSS feeds synced across devices.
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by bitcartel 14y ago
Yes, this was cheesy and over the top, but hey, it's Radio City, it's New York, it's theater! The tongue-in-cheek show might not be everyone's cup of tea but it was a refreshing change from the usual routine. Also it kept me entertained/int

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