Monthly Archives: July 2016

If you snoop around any tech circle there is probably nothing more coveted and valued than a nice purse of bitcoin. Flip the bill and ask your parents or grandparents what a Bitcoin even is and they will probably scratch their head, or think its a kind of new toy. But for law makers and people in the know this is some of the biggest grey areas in our society going forward and a large question as to how we should value and regulate this thing that for all intensive purposes doesn’t exist like our current financial systems. For a judge in Miami-Dade Country, the virtual money is nothing more than shadow currency. On last Monday Judge Teresa Mary Pooler completely discarded charges charges that were brought forth to the tune of felony against website  designer Michell Espinoza, who had been accused of transmitting and “laundering” 15 hundred dollars equivalent in bitcoin. This was an impossible case to even go to trial because for the sure fact that Bitcoin is not a tangible wealth. that be be hidden under a mattress like case or gold bars.

in the paper that explains how the Florida law forbids exchanging money for what they refer to as illicit activity, such as credit card fraud or out right theft.

Now this is where things get interesting because it does not seem as if the inability of a Florida Judge to understand or comprehend the tangibility and value of the currency is not beyond the scope of possibility as the end all be all for how we should consider this with our society. In this case the stakes were pretty small is we consider them in the grand scheme of the economy, but even the scope of what the bitcoin has done in the past. For instance today there are so many cases within the context of the world and ransoms paid it has very recently been the case that they are paid with bitcoins. Now are we to say that there is no legal baring or grounding we can refer to in this regard? In my opinion it seems to be the case that if more cases like this come to pass then it could go one of 2 ways. In the first case, it becomes regulated and it becomes encapsulated within our current economy and all will be well in the new world order and nothing changes. But if we take a step back and consider what could happen if in fact this stays on the fridge of our society and instructions yet still affects them what is going to happen. This is probably going to not every come to pass because if we are looking at it from the perspective of how they are looking in the context of the world market they are loosing favor, and fast. Another way we could see this going is that we are left to wonder where in the world the monetary system is going to go after the Trump presidency and the total collapse of the U.S. economy and possibly the human race.

There is a new European iOS App Development Center, announced back in January, is about to officially launch their university di Napoli Federico in Italy. When Apple made made their announcement, its plants for what is now seen as their new development center, the first of its kind in fact to offer training for app developers in Europe. They didn’t say which school it would be partnering with to push the specialized curriculum too. This is just one of many decisions in the past new months that have the general public scratching their heads and wondering what the heck Apple is thinking and what their plan moving forward is or will ever be. Apple as we know is set to report their fiscal third quarter financial report fairly soon. and as we can imagine it doesn’t look good, in fact it looks down right bad. They really needed a good quarter, at least a neutral one, to restore faith in their company among their investors and we are going to see that this skid may actually be the new normal and its going to be pretty scary for the American economy when we consider that there is not going to be a real recovery.

The firm does not expect that the third quarter results and even the forth quarter guidance will change its view on Apple Inc. Oppenheimer expected the iPhone 7 product cycle to be much weaker than is due to a lack of major improvements. As a result the firm lowered its fiscal 2017 revenue and earning report per share of investment. Because of the the firm has thus lowered its fiscal 2017 revenue and warning per share all the way down $209 billion on $8.18 per hare from their initial $222 billion on $9.04 per share which is also based on assumed lower iPhone and Apple Watch shipments. Oppenheimer downgraded Apple back on April of the 27th which was based on a bearish outlook for the iPhone 7. The firm also has the belief that incremental design changes this coming year will also not be compelling enough to really drive an upgrade cycle as we know it and thus continue to believe the 7 cycle will undersell the 6s cycle. Thus the firm has really lowered its fiscal 2017 iPhone shipments to 197 million from 213 million. That’s a pretty hefty chunk of change and a problem when we consider what a vital role they play both in the national discussion in regards to policy and the determinate challenge that surround our world and tech initiatives as a whole. When we are looking at what will happen if Apple falls from grace the catastrophe scenarios the news wants to play up is probably never going to happen. The reason being is that if Apple were to go away tomorrow, who would really replace them ? there is such a small pool when it comes to tech and the tech industry as a whole that the potential raises and gains are only incremental and are thus not really going to be cause for concern as we are often led to believe.