December 27, 2013 |
"Kindness is the language which the deaf can hear and the blind can see. " - Mark Twain I just got home from a four-month-long around-the-world trip. When I left Los Angeles on my motorcycle on Aug. 10, I took almost nothing with me, except hope. My pockets were empty. I had no money, nothing, really, to offer those I met along the way except my story and my gratitude for their kindness in providing me with food, shelter and money for gasoline. My trip took me across the United States and to and through 19 countries, from the Hollywood sign to the plains of Nebraska, to the streets of Pittsburgh, to the shores of Lake Como, Italy, to the slums of India, to the ecstasy of Bhutan and into the rigors of Vietnam.
CALIFORNIA | LOCAL
December 26, 2013 |
When Newport Beach City Council candidate Michael Glenn thinks of freedom, that includes the freedom to choose how to donate, be it with dollars, pesos or bitcoins. Glenn claims to be the first local politician to accept campaign donations in the esoteric digital currency. He is seeking the Balboa Peninsula's 1st District council seat being vacated by Mike Henn. Also in the race are businesswoman Diane Dixon and Harbor Commissioner Joe Stapleton. Glenn's announcement comes weeks after individuals used bitcoins to pay for a Tesla car, and then a Lamborghini , from a Costa Mesa dealership.
December 26, 2013 |
There was much sadness for some owners of Dogecoins -- a digital currency that started out as a joke but has now become a popular way to tip someone on the Internet. On Christmas day, hackers digitally robbed 21 million Dogecoins, an amount whose reported value on virtual-currency exchanges is between $14,900 to $17,200. The Dogecoin currency was created earlier this month to poke fun at Bitcoin, a new form of currency that is being used to purchase products and services. PHOTOS: Got a Christmas gadget?
December 5, 2013 |
I don't get bitcoins. I'm not saying they're a scam. I just don't get them. For the uninitiated, bitcoins are a made-up digital currency not backed by the full faith and credit of any government. They're worth only what users say they're worth. And they seem to be growing in popularity (except in China, which says it wants nothing to do with them). ASK LAZ: Smart answers to consumer questions Fred says he doesn't have any bitcoins. But if he did, he wants to know if he could exchange them for real dollars.
November 29, 2013 |
WASHINGTON - On the website for Jim Fulner's U.S. Senate campaign, 34 letters and numbers appear in a string above the "Donate Now!" button. They are the code for his campaign's bitcoin wallet, where holders of the so-called digital currency can send it to the Libertarian from Michigan - without a bank acting as an intermediary. "It's an exciting new technology," said Jeff Wood, the campaign treasurer and a self-described early adopter of bitcoin. But as with any budding technology, federal agencies must examine how its use fits in with the law, including rules for campaign donations.
November 24, 2013 |
Back in the 1980s, when I lived in Nairobi, foreign residents had a simple way of obtaining Kenyan shillings. They'd write a check in, say, U.S. dollars on their U.S. bank accounts to the Indian man who owned the ice cream store down the block. He'd pay over shillings at the current black market rate. Then he'd mail the check to his brother in Toronto, who would deposit it in the merchant's name in a Canadian bank account. Presto! The expatriates got shillings to spend locally, and the shop owner spirited his profits out of the country for conversion to a hard currency, secure for his retirement.