Outrun Change

We need to learn quickly to keep up with the massive change around us so we don't get run over. We need to outrun change.

Archive for the tag “worlds far away”

Second federal agent pleads guilty to stealing bitcoins from Silk Road

image courtesy of DollarPhotoClub.com

image courtesy of DollarPhotoClub.com

Two federal law enforcement officers have now entered guilty pleas to charges they stole bitcoins from the Silk Road site while they were part of the investigation of the site.

Other articles on Silk Road and the we-don’t-have-to-say-allegedly corrupt federal agents can be seen on the tag worlds far away I will never visit.

The Department of Justice announced the second agent’s plea on August 31: Former Secret Service Agent Pleads Guilty To Money Laundering And Obstruction.

DoJ said the agent pled guilty to the two felony charges brought against him: Read more…

We can change alleged to confessed when talking about the corrupt DEA investigator of Silk Road

This post continues the coverage of worlds far away I’ll never visit.

It is also in the you can’t make this stuff up category.

I previously discussed a federal DEA agent investigating Silk Road who allegedly got $100K from Dread Pirate Roberts for information about the investigation the agent was conducting and allegedly stole $297K from a customer of a bitcoin dealer. He allegedly invested in and was allegedly working for that company as their compliance officer.

Well, we can now drop the alleged and change it to confessed.

Oh, he had a movie deal too.

I will describe a few tidbits from news reports and then go deeper into the plea agreement.

Read more…

More weird stories from worlds far away I’ll never visit

One thread of discussions on this blog are worlds far away that I’ll never approach within distance of a light year. The only way I can get a glimpse of those places is with the super long distance telescope of the Internet.

Oh yeah, in case you were wondering what direction to aim your spaceship so you can see for yourself what is in those worlds, keep in mind that being a player on those distant planets can earn you a life sentence in federal prison. More on that at the end of this post.

5/28 – Wired – Inside a Giant Dark-Web Scheme to Sell Counterfeit Coupons – Yet another world I had no idea even existed: creating counterfeit discount coupons to use at the store.

A guy whom I will not name has been indicted for wire fraud and trademark counterfeiting for selling packages of counterfeit coupons good to get discount on a variety of consumer products. Send him $25, in Bitcoins of course, and you get a bunch of coupons.

He also offers a $200 course teaching you how to counterfeit your own coupons.

Read more…

More on weird worlds far away I’ll never visit. Two federal agents allegedly stole big bucks from Silk Road; one of them allegedly did shake down Dread Pirate Roberts. No, this is not an April 1st story.

Sometimes things go so weird you just gotta’ laugh. Satire site Onion is yet again outdone by reality.  Would you otherwise think this was satire?  Two federal agents allegedly ripped off Silk Road, allegedly ripped off Dread Pirate Roberts, and otherwise allegedly stole a ton  stack  pile  truckload  whole bunch of bitcoins. 

3/30 – Wall Street Journal – Former Federal Agents Charged With Stealing Bitcoin During Probe

Ecclesiastes 1:9 says Read more…

Some data points on pricing in newly legal recreational marijuana. We can already see distortions created by regulation.

Comments by a reader of my blog informed me that wholesale prices of state-legal-federally-illegal recreational marijuana have dropped dramatically. That got me to wondering what has happened to the pricing.

I’m am otherwise totally clueless of the pricing in this market. What I know I learn by reading the ‘net.

Just so everyone knows, I am following this story because it is a natural experiment to see the impact of crushing regulation imposed on a newly emerging industry.

The commenter shared a recent report on CNBC quoting a producer saying the wholesale prices had dropped from $1,700 to $2,200 per ounce down to $700 per ounce.

The range in price is due to different qualities. That would give wholesale prices in the range of $60 to $77 per gram in the recent past to around $25/gram currently.

That gives these data points:

  • Wholesale
  • $1,700 to $2,200 per ounce sometime prior to the CNBC article
  • $700 per ounce at the time of the CNBC article (date unknown)

So using the ‘net, which is the most incredible educational tool ever invented, I search for about 10 minutes and found a lot of great info. Spent another 10 minutes reading promising articles and found the following:

Read more…

Mr. “Worlds far away”, please let me introduce Mr. “Natural experiment in heavy-handed regulation”.

I have multiple interests on this blog. As is extremely obvious, I have been captivated by the energy revolution created by horizontal drilling and hydraulic fracturing. Have also been fascinated by the wide open frontiers of education, publishing, private space exploration, energy, and technology in general.

There are at least two other threads. First, dark worlds far away  I’ll never visit, such as selling drugs and sundry other illegal stuff on the net (called “dark nets”). Another thread is the watching how much heavy-handed regulation is dragging down the newly legal industry of recreational marijuana.

Just like the closing scenes of Ghostbusters, those two threads have touched each other and merged.

Read more…

More good stuff on the open frontiers – 9/23

Several fun articles on the open frontier of privately designed and funded space flight.

Lacking any convenient place to comment on worlds far away that I can only see with the telescope of a feature news article, I’m adding a new section to my More Good Stuff series of posts. Will call it Worlds far away, as in places I’ve never been and don’t want to approach nearer than a light-year away.

Previous articles along this line have discussed the alien world of allegedly selling huge volumes of illegal drugs on Silk Road and storing huge volumes of questionably legal stuff on-line. Check out:

Have another article today that describes another planet I’ve barely heard of.

Worlds far away I’ll never visit

9/16 – The Atlantic – How Gangs Took Over PrisonsRead more…

Followup on one of the worlds I’ll never visit

I previously mentioned 2 worlds explored that I’ll never enter.

One of those worlds has been closed until further notice.

The alleged mastermind behind the website Silk Road is now in federal custody. The person known publicly as Dread Pirate Roberts was arrested last week. His site is alleged to be the vehicle for sales of large amounts of illegal drugs.

Read more…

2 worlds explored that I’ll never enter

There are two Forbes articles this year that are quite fascinating because they take me into worlds I’ll never see which are far away in a solar system that I’ll never approach.

Read more…

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