Terms of youre not truly anonymous. There is an encrypted version of who owns what. So one concern about the, if you will, the reliability of the currency is whether that encryption can actually be broken. So i want to ask that question. There are some very powerful code breakers in the world. And we certainly have cussio discussions about our own u. S. Capability to break codes quite often up here. But the second is weve had this series of reported crimes. One was a Bitcoin Savings and trust which ran a pyramid scheme in bitcoins. We also had the hacking of a Bitcoin Exchange called bit floor. And as it was reported, 24,000 bitcoins were stolen. 2 and we had instawallet, a wallet provider that was hacked and ed. They lost 35,000 bitcoins. These are not small dollar items given the value of the individual coins. But maybe to paint a little bit of a picture for us, how does this all work . If there is a public ledger that is keeping track of who owns what, then how does one actually ste
Submit. My name is david cotney and i serves t as the commissioner of banks for the commonwealth of massachusetts. It is my pleasure to testify before you today on behalf behalf of the conference of ou state supervisor. Hold i thank you forin holding this n hearing today to address the risks and benefits of Virtual Currency. Theri risks of Virtual Currency include Consumer Protection, Payment Systems, national ity, m security, Money Laundering, and other illicit activities. The potential benefits are also differ. Fits are speed and efficiency, lower transaction costs, and providin an outlet for the unbanked and underbanked. With these evolving Payment Technologies states are exploring the connection between existing money transmitter regulation and Virtual Currencies. State regulators have long supervised money transmitters to protect consumers and preserve National Security and lawnete enforcement interests. State regulators are talking with industry and other regulators about evolvin
Of which allenby who has served as the Iranian Ambassador to the eu into a tree limb says he was not involved in the takeover of the us embassy. The only translated for some students that us law allows the government to bar un diplomats were considered National Security threats washingtons potentially has been sitting stamp co the United States to criticism and early eighties using its position as host nation to properly exert political influence. Is you watch has issued a travel warning for its citizens traveling abroad especially those going to countries with extradition agreements with the U S Foreign Ministry has said that washington is on to them. This is the back of the korean invasion. Muscular previously protested in washington against the extradition of russian citizens from countries with which to us as bilateral extradition treaty with russia is likely it is sure to watch the tree to catch a ukrainian businessman who made millions of dollars from imported russian natural gas
We learned this is certainly the preparation that boston undertook in november on a terrorist exercise of planning it has saved lives. That is the point that should be made. The Emergency Response thereafter is about as good as it possibly could be ian been restorer confidence. A terrorist attack is traumatized. I was in london for the bombing in 2005 and they missed all the signs of that bombing which is pretty startling but from the moment it took place the ridges to response was firstrate and terrific and restore Public Confidence within 24 hours. When i talk to First Responders in boston the way the would treat irish using Grant Funding from vhs to london 60 wounded they could have easily blood out in the street in they saved everyone and it is truly remarkable. With that i recognize the gentleman from pennsylvania. I feel compelled to respond to the comments to the gentleman from california. It is hypocritical he would extolled the virtues of the Current Administration continuatio
Its out of the dire straits song money for nothing. Interest rates have been so low for so long, and i think most everybody understands that wherever this shakes out, the days of basically cheap money for investors is coming to an end. Serge the days of close to zero interest rates. Free money. We have veteran columnist and msnbc contributor, mike barnicle. And National Affairs analyst for nbc news, and msnbc, John Heilemann. Hes peppy this morning, thats not good. We have Time Magazine contributing editor and author of the president s club Michael Duffy. And msnbc contributor, kasie hunt. Its also kasie what are republicans thinking on capitol hill when they did pretty well in the last Government Shutdown. Shifted the blame to democrats. It was the schumer shutdown. Democrats panicked, pulled back. Now were moving towards a new shutdown and the president of the United States is saying i would love a Government Shutdown. Republicans, what say they . They say theyre not interested in a