The board should be showing this guy the exit... Or it may be he is just a really honest straight talking CEO. Others would piss away 200mill and say it was a needed expense for the growth of the company where as he can Identify it as a mistake and correct it. If the board doesn't fire him I would say they like his honesty. Although I think he will have trouble hiring now that this is out.

I think it will be just a really long serial number. Impossible to guess and will be just checked against a database of valid dollars.

I think if they want this to be anonymous then you will be able to buy this card from 7/11 and load some cash on to it. Of course your face will be on their security cameras but no one is stopping someone from reselling these cards anonymously.

Or perhaps you could install the software on a burner phone.

I'm thinking:

1. Probably no transaction and account keeping fees.
2. No KYC so better for the unbanked.
3. Better for the merchant as you don't need a merchant bank account and no fees.
4. Instant settlement.

Wouldn't this be the preferred cash of criminals. Better than bitcoin for for shifting large sums of extortion/drug/bribe money around?

Keynesian Economics says you should stimulate (print / inflate money) when the economy is depressed and then pay off your debt when the economy is good. So far we have been printing money when the economy is good and bad and so now we find ourselves in an inflationary environment. Why should you print money when the economy is good... shouldn't you be collecting that extra money in taxes and paying down the debt to avoid inflation?

The problem was that people just read the news on google and didn't bother going to the newspapers sites to see the advertising. This meant that google got the content and eyeballs for free. If google paid even a little bit for the news, the publishers wouldn't go broke, google gets quality news and the world is better for it.

Are you sure? If you have a thinly traded stock and put a sell orders at a high price and then had a buy orders at a different broker capturing those high prices I bet your paying tax on those wash trades.

Nope its a capital gain.. at least here in australia. You bought it for $1500 sold it for $2000, you pay tax on the $500 gain. Which you can only offset with capital losses on the same asset type. So if you originally bought it for $1 then sold it to yourself 10 times and then sold it to a sucker for a million, you are still paying tax all the way up.

Yea but we have way more efficent money transfer systems now. For every 1 bitcoin transaction you can do 1,200,000 Visa transactions

So after they pay the fine of $41 Million out of the reserves of $61M they only have $20 Milliuon left?
Currently the market cap is ~68,535,000,000
61M Reserve / 68,535M Market Cap = $0.00089 per token.
Or more the more interesting question is where did the other 68,434M go?

"Zero day" once referred to the number of days since the vendor has known about the exploit.
Now it is a broad term that means any unpatched exploit.

I used to ride a quiet sports bike and now roll around on louder cruiser. I rarely get cut off riding the cruiser as compared to it almost being a daily occurrence on the sports bike. So I think the sound really helps.

Tesla uses a Type 2 connector produced by German manufacturer Mennekes and can use the same charging stations from other vendors. It is the most common plug type used by EVs and is the standard throughout Europe. Tesla has previously locked out other vehicles from using the Type 2 so really this is a good win. I wouldn't be surprised if it became the default plug.

No one really wants to leave family and friends and perhaps a good job, so the tax would have to be very high to justify leaving. The taxes are more likely stopping people moving to California.