Bankruptcy Blogs

A true digital currency is the holy grail of the on-line world. Since the start of the Internet, a long series of folks have been trying to find the on-line equivalent of cash - some kind of digital token that is secure, easy to transfer and, for most of the people who have joined the hunt, anonymous. Bitcoin provides the latest foray into this arena, and the Bitcoin story provides the latest example of the basic truth that payment systems are always dependent on the support of a strong, trustworthy third party.

This truth applied to traditional currencies, like this:

A bankruptcy petition preparer in Michigan was sentenced in federal court to several years in prison.  The story can be accessed here.

While it’s still possible to buy new albums on vinyl, music is now usually downloaded. Despite a small subset of people who still watch VHS tapes, movies are watched on DVDs or increasingly are streamed online. But like many people and businesses dealing with the U.S.

With media outlets reporting the grisly details, there has never been a better time to educate commercial account holders about the risks associated with online banking, particularly phishing attacks.