Well Said

“The essence of all slavery consists in taking the product of another’s labor by force. It is immaterial whether this force be founded upon ownership of the slave or ownership of the money that he must get to live.”
— Leo Tolstoy

Bits and Pieces 1stAug

Bitcoin is now on Brazilian regulators radar. Recently the Comissão de Valores Mobiliários, the Brazilian version of the US’s the Securities and Exchange Commission, ordered a Brazilian man to suspend the operations of his investment fund. Leandro César, an IT Consultant from Belo Horizonte, had setup a small (~US$4,500) investment fund denominated entirely in bitcoin.  http://www.bitcoinmoney.com/post/28048708075/brazil-bitcoin-securities

Ron Paul’s Audit the Fed bill passes the house http://www.bloomberg.com/news/2012-07-25/fed-audit-bill-opposed-by-bernanke-approved-by-u-s-house.html

Bitcoin continues its international expansion. In May, Bitcoin caught on in China with a 700% volume increase and BitInstant customers in the US, Russia and Brazil were given 700,000 more locations to purchase bitcoins. Now Bitcoin Nordic, a new Denmark based exchange, is looking to expand into the North Africa and the Middle East market by accepting CashU, a popular payment option in the region. http://bitcoinmagazine.net/bitcoin-nordic-brings-bitcoins-to-middle-east-and-north-africa/