Posts Tagged ‘error’

Bitcoin’s ‘blockchain’ Tech May Transform Banking

So-called blockchain technology is gaining currency in the financial world The technology that drives the shadowy cryptocurrency bitcoin is drawing interest from the established banking industry, which sees a potential to revolutionize the sector. Although bitcoin and related virtual currencies are limited to a small set of transactions and are often associated […]

Pilot error in fatal crash

PILOT error caused a US Black Hawk helicopter to crash into the ground in Afghanistan, killing three Australian commandos and an American soldier in June last year. Territory soldier Scott Palmer and comrades Tim Aplin and Ben Chuck, from the Sydney-based 2nd Commando Regiment, died after the chopper experienced a “controlled flight into terrain” as […]

Abandoning the gold standard was a fatal error we’re now all paying for

Edmund Conway London Telegraph Aug 14, 2011 That’s right: come Monday morning we will have managed to survive four decades of fiat money – though, given the chaos in markets in recent weeks, it is anyone’s guess how much longer it will last. On 15 August 1971, with the US public finances straitened by the […]

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