Some fascinating Bitcoin developments: As I predicted, Mt. Gox just got trouble with its US dollar processor, Dwolla. Meanwhile it comes out that a cabal of developers has de facto control over the Bitcoin network and is devaluing very small wallets. The net effect of this is to reduce the money supply, deflating Bitcoin to benefit those with large holdings.
So even as Bitcoin is revealed to have its own central bankers, the new Megaupload is getting censored per New Zealand law, as Kim Dotcom weighs (heavily) in against Obama to attempt to distract from this censorship.
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