This morning, while the market was still green, awesome chartist (and witty) Helene Meisler posted this cartoon to the Twitter…
The market opens higher off the solid employment number but has reversed lower throughout the day. As we type, the S&P 500 is 10 points off the high of day.
Is this Meisler prescience, the beginning of something more?
We’re toying about with the new embed features on the Getty Images site and they’re pretty awesome. You can now search the site and embed directly to Tumblr or Twitter or copy the embed code and go where you will.
Here’s a shot of Elon Musk & the president of Toyota.
Update: Hmmm… Looking at the finished product, we sure wish the photo was bigger.
Update 2: Looks like if you grab the code & embed, you can get a larger image…
Bill Gates jumping over a chair because Friday.
Last night, on the P2P Foundation Network website, in the comments section of the same post in which Satoshi Nakamoto originally posted his development of the “P2P e-cash system called bitcoin” (Feb 2009), Nakamoto posted this comment -
"I am not Dorian Nakamoto."
This spurred a flurry of jubilant responses including the image above posted by Haans.
This all after the Newsweek story claiming to have discovered the genius founder of bitcoin living inconspicuously and the man’s subsequent denial.
Wealth rebounds — but mostly for the wealthy…
Yahoo Finance’s Rick Newman out with a fascinating piece today analyzing the latest data on US household wealth. Rick writes,
The total amount of household net worth hit a new record of $80.7 trillion at the end of 2013, according to the Federal Reserve. That’s certainly better than the grueling declines that occurred during the twin housing and stock-market busts. But a deeper look at the numbers shows that the kind of wealth held primarily by the affluent — financial assets — has soared beyond prior levels, while the most common middle-class asset — home equity — is still far below prior highs.
Its an especially good read given the yoyo ride we’ve been on through the housing bubble, credit crash and QE fueled recovery.
Read the full article HERE.
Gizmodo up with an awesome photo rich post titled This Is The Room Where The Internet Was Born.
For something as ubiquitous as the internet today, it certainly isn’t easy to find where it all started. I don’t mean historically, I mean logistically: 3420 Boelter Hall is a tiny room in a basement hallway of a large nondescript building on the sprawling UCLA campus.
Cool story, great shots, check it out…
So Much Crypto
Last night, the owner of the tiny crypto-currency exchange Poloniex reported that 12% of its assets had been stolen.
The statement, frank explanation and action plan to deal with the compromise can be found here.
Checking out the exchange, we couldn’t help but be amazed by the sheer number of crypto-currencies which have sprung up. The image above, from Poloniex’s home page, lists 51 of them aside from bitcoin, most being only a miniscule fraction of the size of bitcoin.
Crazy new world…
There’s new evidence suggesting that, while all kinds of new and cool payment solutions proliferate, credit cards are simply good enough, and most are satisfied with them.
Today on Yahoo Finance, personal finance editor Lisa Scherzer explored this in a smart piece titled Mobile Payments Once Again on the Cusp of Taking Off, Scherzer writes,
There is, apparently, strong consumer interest in mobile payments. But despite an array of players – including Google Wallet (GOOG), PayPal, Isis, LevelUp, Square and Loop – widespread adoption has not occurred. According to a study published last week by Yankee Group, just 16% of mobile device owners have used their phone to make an in-store payment in the past three months, while two-thirds of consumers are interested in doing so.
Mobile payment transactions more than tripled from 2011 to 2012 in the U.S., reaching $539 million that year, according to eMarketer, which expects these transactions to increase and reach an estimated $58 billion by 2017. But in a report eMarketer said the market is growing slower than expected, noting how it scaled back estimates of user adoption and transaction value from its initial projections in 2012.
Part of what’s holding consumers back, analysts say, is that using credit cards isn’t that much of a hassle. “It’s not solving a clear customer problem. Taking out your card and paying is not a problem or inconvenience in the U.S.,” says Kebbie Sebastian, president of Penser Consulting, a firm focused on the payments industry.
Head on over to Yahoo Finance & read the rest…