Bitcoin Can Be a Legitimate Currency | Observer

[Part - 32] Large college ebooks/eTextbooks thread for cheap rates [$4 to $25]

  1. Business Law with UCC Applications Student Edition, 13th Edition: Gordon Brown & Paul Sukys
  2. Sex-Related Homicide and Death Investigation: Practical and Clinical Perspectives, 2nd Edition: Vernon J. Geberth
  3. Understanding Music, 8th Edition: Jeremy Yudkin
  4. Integrated Product and Process Design and Development: The Product Realization Process, 2nd Edition: Edward B. Magrab & Satyandra K. Gupta & F. Patrick McCluskey & Peter Sandborn
  5. Security Analysis, 6th Edition: Benjamin Graham & David Dodd & Warren Buffett
  6. Contemporary Nursing: Issues, Trends, & Management, 8th Edition: Barbara Cherry & Susan R. Jacob
  7. Mediation Theory and Practice, 3rd Edition: Suzanne McCorkle & Melanie J. Reese
  8. Deviant Behavior, 12th Edition: Alex Thio & Jim D. Taylor & Martin D. Schwartz
  9. A Guide to Econometrics, 6th Edition: Peter Kennedy
  10. Qualitative Inquiry and Research Design: Choosing Among Five Approaches, 4th Edition: John W. Creswell & Cheryl N. Poth
  11. Ethics in Counseling and Therapy: Developing an Ethical Identity, 1st Edition: Rick A. Houser & Stephen Joseph Thoma
  12. Legal Aspects of Sports, 2nd Edition: John J. Miller & Kristi Schoepfer
  13. Western Civilizations: Their History & Their Culture, (Vol. 2), 19th Edition: Joshua Cole & Carol Symes
  14. Modern Principles of Macroeconomics, 4th Edition: Tyler Cowen & Alex Tabarrok
  15. Reading Research: A User-Friendly Guide for Health Professionals, 6th Edition: Barbara Davies & Jo Logan
  16. Exploring Philosophy: An Introductory Anthology, 6th Edition: Steven M. Cahn
  17. Design of Machinery, 6th Edition: Robert Norton
  18. Entrepreneurship, 5th Edition: Andrew Zacharakis & William D. Bygrave & Andrew C. Corbett
  19. Chemical Dependency Counseling: A Practical Guide, 5th Edition: Robert R. Perkinson
  20. Database Systems: The Complete Book, 2nd Edition: Hector Garcia-Molina & Jeffrey D. Ullman & Jennifer Widom
  21. CompTIA A+ Core 1 Exam: Guide to Computing Infrastructure, 10th Edition: Jean Andrews & Joy Dark & Jill West
  22. An Introduction to Family Social Work, 4th Edition: Donald Collins & Catheleen Jordan & Heather Coleman
  23. Bates’ Nursing Guide to Physical Examination and History Taking, 2nd Edition: Beth Hogan-Quigley & Mary Louise Palm & Lynn S. Bickley
  24. Textbook of Cancer Epidemiology, 3rd Edition: Hans-Olov Adami & David J. Hunter & Pagona Lagiou & Lorelei Mucci
  25. New and Emerging Issues in Latinx Health, 1st Edition, 2020 Edition: Airín D. Martínez & Scott D. Rhodes
  26. Explorations: Introduction to Astronomy, 9th Edition: Thomas Arny
  27. Fundamentals of Abnormal Psychology, 9th Edition: Ronald J. Comer & Jonathan S. Comer
  28. The Canadian Environment in Political Context, 2nd Edition: Andrea Olive
  29. Control Systems Engineering, 8th Edition: Norman S. Nise
  30. Elementary & Intermediate Algebra for College Students, 5th Edition: Allen R. Angel & Dennis Runde
  31. Biology for the Informed Citizen, 1st Edition: Donna M. Bozzone & Douglas S. Green
  32. The Personality Puzzle, 8th Edition: David C. Funder
  33. Earth: An Introduction to Physical Geology 13th Edition: Edward J. Tarbuck & Frederick K. Lutgens & Dennis G. Tasa & Scott Linneman
  34. Fundamentals of Corporate Finance, 3rd Canadian Edition: Jonathan Berk
  35. Human Aging, 2nd Edition: Paul W. Foos & M. Cherie Clark
  36. Gardner's Art Through the Ages: A Global History, 16th Edition: Fred S. Kleiner
  37. ICD-10-CM and ICD-10-PCS Coding Handbook, with Answers, 2019 Rev. Edition: Nelly Leon-Chisen
  38. Statistics for Evidence-Based Practice in Nursing: MyoungJin Kim & Caroline Mallory
  39. Docker in Action, 2nd Edition: Jeff Nickoloff & Stephen Kuenzli
  40. Human Dimensions of Wildlife Management, 2nd Edition: Daniel J. Decker & Shawn J. Riley & William F. Siemer
  41. Maternal Child Nursing Care, 6th Edition: Shannon E. Perry & Marilyn J. Hockenberry & Deitra Leonard Lowdermilk & David Wilson
  42. Public Speaking: Concepts and Skills for a Diverse Society, 8th Edition: Clella Jaffe
  43. Designing and Managing the Supply Chain, 3rd Edition: David Simchi-Levi & Philip Kaminsky & Edith Simchi-Levi
  44. Microbiology Experiments: A Health Science Perspective, 9th Edition: John Kleyn & Anna Oller
  45. Graduate Study in Psychology, 2019th Edition: American Psychological Association
  46. Data Mining for Business Analytics: Concepts, Techniques and Applications in Python, 1st Edition: Galit Shmueli & Peter C. Bruce & Peter Gedeck & Nitin R. Patel
  47. Modern Rhetorical Criticism, 4th Edition: Roderick P Hart & Suzanne M. Daughton & Rebecca Lavally
  48. Introduction to Maternity and Pediatric Nursing, 8th Edition: Gloria Leifer
  49. France From 1851 to the Present: Universalism in Crisis 2008 Edition: R. Célestin & E. DalMolin
  50. The Certified Six Sigma Yellow Belt Handbook: Govindarajan Ramu
  51. Essentials of Health Information Management, 2nd Edition: Michelle Green & Mary Jo Bowie
  52. Psychology of Gender, 5th Edition: Vicki S. Helgeson
  53. Health Insurance and Managed Care: What They Are and How They Work, 5th Edition: Peter R. Kongstvedt
  54. Successful Coaching, 4th Edition: Rainer Martens
  55. Internet Measurement: Infrastructure, Traffic and Applications, 1st Edition: Mark Crovella & Balachander Krishnamurthy
  56. CompTIA Security+ Practice Tests: Exam SY0-501, 1st Edition: S. Russell Christy & Chuck Easttom
  57. Anatomical Landmark Palpation, 1st Edition: Paula Maxwell
  58. Oracle Database 12c: The Complete Reference, 1st Edition: Bob Bryla & Kevin Loney
  59. Research Design in Counseling, 4th Edition: Puncky Paul Heppner & Bruce E. Wampold & Jesse Owen & Thompson & Kenneth T. Wang
  60. Fundamentals of Management, 11th Edition: Stephen P. Robbins & Mary Coulter & David A. Decenzo
  61. Publication Manual of the American Psychological Association, 7th Edition: American Psychological Association
  62. How to Do Systems Analysis: Primer and Casebook, 1st Edition: John E. Gibson & William T. Scherer & William F. Gibson & Michael C. Smith
  63. Earth: An Introduction to Physical Geology, 12th Edition: Edward J. Tarbuck & Frederick K. Lutgens & Dennis G. Tasa
  64. Surveying Fundmanentals and Practices, 7th Edition: Jerry A. Nathanson & Michael T. Lanzafama & Philip Kissam
  65. The Sociology of Health, Illness, and Health Care: A Critical Approach, 8th Edition: Rose Weitz
  66. Calculus, 4th Edition: Jon Rogawski & Colin Adams & Robert Franzosa
  67. Federal Income Taxation, 5th Edition: Richard Schmalbeck & Lawrence Zelenak & Sarah B Lawsky
  68. Strategic Compensation: A Human Resource Management Approach, 9th Edition: Joseph J. Martocchio
  69. Applied Business Ethics: A Skills-Based Approach, 1st Edition: Dean Bredeson
  70. Junqueira's Basic Histology: Text and Atlas, 15th Edition: Anthony Mescher
  71. The PMP Exam: How to Pass on Your First Try, 6th Edition: Andy Crowe
  72. Mediation: Empowerment in Conflict Management, 2nd Edition: Kathy Domenici & Stephen W. Littlejohn
  73. Marketing Analytics: Strategic Models and Metrics, 1st Edition: Stephan Sorger
  74. Identities and Inequalities: Exploring the Intersections of Race, Class, Gender, & Sexuality, 3rd Edition: David Newman
  75. The Policy-Based Profession: An Introduction to Social Welfare Policy Analysis for Social Workers, 7th Edition: Philip R. Popple & Leslie Leighninger
  76. Burns and Grove's The Practice of Nursing Research: Appraisal, Synthesis, and Generation of Evidence, 8th Edition: Jennifer R. Gray & Susan K. Grove & Suzanne Sutherland
  77. China, Russia, and Twenty-First Century Global Geopolitics: Paul J. Bolt & Sharyl N. Cross
  78. Management Information Systems: Managing the Digital Firm, 15th Edition, Global Edition: Kenneth C. Laudon & Jane P. Laudon
  79. Advanced Cardiovascular Life Support (ACLS) Provider Manual, 16th Edition: American Heart Association
  80. Dutton's Orthopaedic: Examination, Evaluation and Intervention, 5th Edition: Mark Dutton
  81. 70-741 Networking with Windows Server 2016: Microsoft Official Academic Course
  82. Practical Business Math Procedures, 13th Edition: Jeffrey Slater
  83. Financial Accounting, 5th Edition: David Spiceland & Wayne Thomas & Don Herrmann
  84. Introduction to Global Politics, 5th Edition: Steven L. Lamy & John S. Masker
  85. Goldman-Cecil Medicine, 26th Edition: Lee Goldman & Andrew I. Schafer
  86. Social Beings: Core Motives in Social Psychology, 4th Edition: Susan T. Fiske
  87. Using Statistics in the Social and Health Sciences with SPSS and Excel, 1st Edition: Martin Lee Abbott
  88. Trigonometry, 1st edition: Robert F. Blitzer
  89. Social Development, 3rd Edition: Ross D. Parke & Glenn I. Roisman & Amanda J. Rose
  90. Assessment is Essential, 1st Edition: Susan Green & Robert Johnson
  91. Crafting the InfoSec Playbook: Security Monitoring and Incident Response Master Plan, 1st Edition: Jeff Bollinger & Brandon Enright & Matthew Valites
  92. Selecting Effective Treatments: A Comprehensive, Systematic Guide to Treating Mental Disorders, 5th Edition: Lourie W. Reichenberg & Linda Seligman
  93. DK Guide to Public Speaking, 3rd Edition: Lisa A. Ford-Brown & DK Dorling Kindersley
  94. A World Full of Women, 6th Edition: Martha C. Ward & Monica D. Edelstein
  95. Invention and Craft: A Guide to College Writing, 1st Edition: Ronda Leathers Dively
  96. Modern Optical Engineering, 4th Edition: Warren J. Smith
  97. An Introduction to Intercultural Communication: Identities in a Global Community, 9th Edition: Fred E. Jandt
  98. Children's Thinking: Cognitive Development and Individual Differences, 6th Edition: David F. Bjorklund & Kayla B. Causey
  99. Financial Accounting: An Introduction to Concepts, Methods and Uses, 14th Edition: Roman L. Weil & Katherine Schipper & Jennifer Francis
  100. Made to Stick: Why Some Ideas Survive and Others Die, 1st Edition: Chip Heath & Dan Heath
  101. Laboratory Manual for Introductory Geology, 4th Edition: Allan Ludman & Stephen Marshak
  102. Cognition, 6th Edition: Scott Sinnett & Daniel Smilek & Alan Kingstone
  103. Mathematical Statistics with Applications, 7th Edition: Dennis Wackerly & William Mendenhall & Richard L. Scheaffer
  104. We the People, Core 12th Edition: Benjamin Ginsberg & Theodore J. Lowi & Margaret Weir & Caroline J. Tolbert & Andrea L. Campbell
  105. Organizational Behaviour: Understanding and Managing Life at Work, 10th Edition: Gary Johns
  106. Forecasting And Predictive Analytics With Forecast X, 7th Edition: J. Holton Wilson & Barry Keating
  107. Nurse as Educator: Principles of Teaching and Learning for Nursing Practice, 5th Edition: Susan B. Bastable
  108. Curriculum Development in Nursing Education, 4th Edition: Carroll L. Iwasiw & Mary-Anne Andrusyszyn & Dolly Goldenberg
  109. Exploring Social Issues: Using SPSS for Windows, 3rd Edition: Joseph F. Healey & John E. Boli & Earl R. Babbie & Frederick S. Halley
  110. ACSM's Resources for the Personal Trainer, 5th Edition: American College of Sports Medicine
  111. Adolescence, Canadian Edition: Ian McMahan & Susan Thompson
  112. Business Ethics in Action: Seeking Human Excellence in Organizations: Domenec Mele
  113. Community & Public Health Nursing: Evidence for Practice, 3rd Edition: Rosanna DeMarco & Judith Healey-Walsh
  114. Macroeconomics, 10th Edition: Andrew B. Abel & Ben Bernanke & Dean Croushore
  115. Principles of Corporate Finance, 11th Edition: Richard Brealey
  116. Studio Thinking from the Start: The K–8 Art Educator’s Handbook, 1st Edition: Jillian Hogan & Lois Hetland & Diane B. Jaquith & Ellen Winner & David P. Nelson
  117. Engineering Design Graphics with Autodesk Inventor 2020, 1st Edition: James D. Bethune
  118. Indian Polity, 6th Edition: M. Laxmikanth
  119. Mathematics for Elementary Teachers: A Contemporary Approach, 10th Edition: Gary L. Musser & Blake E. Peterson & William F. Burger
  120. Foundations of Materials Science and Engineering, 6th Edition: William Smith & Javad Hashemi
  121. Comparative Health Systems: A Global Perspective, 2nd Edition: James A. Johnson & Carleen Stoskopf & Leiyu Shi
  122. The Writer's Presence, 9th Edition: Donald McQuade & Robert Atwan
  123. Statistics in Action: Understanding a World of Data, 2nd Edition: Ann E. Watkins & Richard L. Scheaffer & George W. Cobb
  124. The New Rules of Marketing and PR: How to Use Social Media, Online Video, Mobile Applications, Blogs, News Releases, and Viral Marketing to Reach Buyers Directly, 5th Edition: David Meerman Scott
  125. E-Marketing, 7th Edition: Judy Strauss & Raymond Frost
  126. Human Anatomy, 6th Edition: Kenneth Saladin
  127. Microsoft Excel 2019 Data Analysis and Business Modeling, 6th Edition: Wayne Winston
  128. South-Western Federal Taxation 2020: Corporations, Partnerships, Estates and Trusts, 43rd Edition: William A. Raabe & James C. Young & William H. Hoffman & Annette Nellen & David M. Maloney
  129. Fundamentals of Differential Equations and Boundary Value Problems, 7th Edition: R. Kent Nagle & Edward B. Saff & Arthur David Snider
  130. Brooks/Cole Empowerment Series: An Introduction to Family Social Work, 4th Edition: Donald Collins & Catheleen Jordan & Heather Coleman
  131. We The People: An Introduction to American Government, 12th Edition: Thomas Patterson
  132. As We Have Always Done: Indigenous Freedom through Radical Resistance, 3rd Edition: Leanne Betasamosake Simpson
  133. Biology for the Informed Citizen, 1st Edition: Donna M. Bozzone & Douglas S. Green
  134. Introduction to Econometrics, 4th Edition: James H. Stock & Mark W. Watson
  135. Sources of World Societies, Volume 2, 3rd Edition: Merry Wiesner-Hanks & Patricia Buckley Ebrey & Davila Roger & Clare Crowston & John P. McKay
  136. Psychology of Sport Injury, 1st Edition: Britton W. Brewer & Charles Redmond
  137. America: A Narrative History, Volume 1, 11th Edition: David E. Shi
  138. Advocacy: Championing Ideas and Influencing Others, 1st Edition: John A. Daly
  139. Cognitive Psychology: Applying The Science of the Mind, 3rd Edition: Bridget Robinson-Riegler & Gregory L. Robinson-Riegler
  140. Collect, Combine, and Transform Data Using Power Query in Excel and Power BI, 1st Edition: Gil Raviv
  141. New Perspectives Microsoft Office 365 & Office 2019 Introductory, 1st Edition: Patrick Carey & Katherine T. Pinard & Ann Shaffer & Mark Shellman & Sasha Vodnik
  142. Charlotte Huck's Children's Literature: A Brief Guide, 3rd Edition: Barbara Kiefer & Cynthia Tyson
  143. The Fast Forward MBA in Project Management: Eric Verzuh
  144. Evidence-Based Practice for Nurses: Appraisal and Application of Research, 4th Edition: Nola A. Schmidt & Janet M. Brown
  145. Wound Management: Principles and Practices, 3rd Edition: Betsy Myers
  146. CCNA Routing and Switching Portable Command Guide, 4th Edition: Scott Empson
  147. Personality, 10th Edition: Jerry M. Burger
  148. THE LAW OF WORK: COMMON LAW AND THE REGULATION OF WORK: David Doorey
  149. Shigley's Mechanical Engineering Design, 11th Edition: Richard Budynas
  150. Molecular Biology, 3rd Edition: David P. Clark & Nanette J. Pazdernik & Michelle R. McGehee
  151. Linear Algebra With Applications, 8th Edition: Steve Leon
  152. Advocacy Practice for Social Justice, 4th Edition: Richard Hoefer
  153. Exploring Your Role in Early Childhood Education, 4th Edition: Mary Renck Jalongo & Joan Packer Isenberg
  154. Workbook for Diagnostic Medical Sonography: The Vascular System (Diagnostic Medical Sonography Series), 2nd Edition: Ann Marie Kupinski
  155. Forensic Pathology, 2nd Edition: Dominick DiMaio & Vincent J.M. DiMaio
  156. Marketing Metaphoria: What Deep Metaphors Reveal About the Minds of Consumers: Gerald Zaltman & Lindsay H. Zaltman
  157. Ethical, Legal, and Professional Issues in Counseling, 6th Edition: Theodore P. Remley & Barbara P. Herlihy
  158. Case Studies in Child and Adolescent Psychopathology, 2nd Edition: DeDe Wohlfarth & Robin K. Morgan
  159. PFIN, 7th Edition: Randall Billingsley & Lawrence J. Gitman & Michael D. Joehnk
  160. Understanding Violence and Victimization, 6th Edition: Robert J. Meadows
  161. Theory and Design for Mechanical Measurements, 6th Edition: Richard S. Figliola & Donald E. Beasley
  162. Great Demo!: How To Create And Execute Stunning Software Demonstrations, 2nd Edition: Peter E. Cohan
  163. Understanding Environmental Law, 3rd Edition: Philip Weinberg & Kevin A. Reilly
  164. Exercises for the Shoulder to Hand: Release Your Kinetic Chain: Brian James Abelson & Abelson Kamali Thara & Lavanya Balasubramaniyam
  165. Sport, Violence and Society: 2nd Edition: Kevin Young
  166. The Vascular System (Diagnostic Medical Sonography Series), 2nd Edition: Ann Marie Kupinski
  167. Zero Trust Networks: Building Secure Systems in Untrusted Networks, 1st Edition: Evan Gilman & Doug Barth
  168. The Ethics of Coaching Sports: Moral, Social and Legal Issues, 1st Edition: Robert Simon
  169. Library and Information Center Management, 9th Edition: Barbara Moran & Claudia Morner
  170. Attacking Faulty Reasoning, 7th Edition: T. Edward Damer
  171. Computer-Based Construction Project Management: Tarek Hegazy
  172. Criminal Investigation, 5th Edition: Aric W. Dutelle & Ronald F. Becker
  173. Modern Physics for Scientists and Engineers, 4th Edition: Stephen T. Thornton & Andrew Rex
  174. Essentials of Online Course Design: A Standards-Based Guide, 2nd Edition: Marjorie Vai & Kristen Sosulski
  175. Introduction to Chemistry, 5th Edition: Rich Bauer & James Birk & Pamela Marks
  176. Windows Server 2016 Unleashed, 1st Edition: Rand Morimoto & Jeffrey Shapiro & Guy Yardeni
  177. Network Security Essentials: Applications and Standards, 6th Edition: William Stallings
  178. Fundamentals of Web Development, 2nd Edition: Randy Connolly & Ricardo Hoar
  179. Reading Critically, Writing Well, 11th Edition: Rise B. Axelrod & Charles R. Cooper & Alison M. Warriner
  180. Calculus: Early Transcendentals, 8th Edition: James Stewart
  181. Fast Facts for the Student Nurse: Nursing Student Success in a Nutshell, 1st Edition: Susan Stabler-Haas
  182. The Self, 1st Edition: Jonathon Brown
  183. Ordinary Differential Equations, Revised Edition: Morris Tenenbaum & Harry Pollard
  184. Global Business Today, 11th Edition: Charles W. L. Hill & G. Tomas M. Hult
  185. Mathematical Methods in the Physical Sciences, 3rd Edition: Mary L. Boas
  186. Experimental Design: Procedures for the Behavioral Sciences, 4th Edition: Roger E. Kirk
  187. MKTG, 4th Canadian Edition: Charles W. Lamb & Joe F. Hair
  188. Calculus of a Single Variable, 11th Edition: Ron Larson & Bruce H. Edwards
  189. Supervision in Early Childhood Education, 3rd Edition: Joseph J. Caruso & M. Temple Fawcett & Leslie R. Williams
  190. Developing Child, The: Pearson New International Edition, 13th Edition: Helen Bee & Denise Boyd
  191. The Elusive Eden: A New History of California, 5th Edition: Richard B. Rice & William A. Bullough & Richard J. Orsi & Mary Ann Irwin & Michael F. Magliari & Cecilia M. Tsu
  192. Survey of Operating Systems, 6th Edition: Jane Holcombe & Charles Holcombe
  193. International Marketing, 2nd Edition: Daniel W. Baack & Barbara Czarnecka & Donald E. Baack
  194. Data Mining for Business Analytics: Concepts, Techniques and Applications in Python, 1st Edition: Galit Shmueli & Peter C. Bruce & Peter Gedeck & Nitin R. Patel
  195. The Politics of Public Budgeting: Getting and Spending, Borrowing and Balancing, 9th Edition: Irene S. Rubin
  196. Operations Strategy, 5th Edition: Nigel Slack & Mike Lewis
  197. Digital Forensics Workbook: Hands-on Activities in Digital Forensics: Michael Robinson
  198. The Oxford Handbook of Reproductive Ethics, 1st Edition: Leslie Francis
  199. Building Accounting Systems Using Access 2010, 8th Edition: James Perry & Richard Newmark
  200. Early Childhood Education Today, 14th Edition: George S Morrison
  201. Health and Health Care Delivery in Canada, 2nd Edition: Valerie D. Thompson
  202. Human Resource Information Systems: Basics, Applications, and Future Directions, 4th Edition: Michael J. Kavanagh & Richard D. Johnson
  203. College Algebra: Real Mathematics, Real People, 7th Edition: Ron Larson
  204. Personality Psychology, 1st Canadian Edition: Carolyn Ensley & Randy J. Larsen & David M. Buss & David King
  205. 70-740 Installation, Storage, and Compute with Windows Server 2016: Microsoft Official Academic Course
  206. Principles of Athletic Training: A Guide to Evidence-Based Clinical Practice, 16th Edition: William Prentice
  207. Consumer Behavior, 12th Edition: Leon G. Schiffman & Joseph L. Wisenblit
  208. Prealgebra, 5th Edition: Marvin L. Bittinger & David J. Ellenbogen & Barbara L. Johnson
  209. Defensive Security Handbook: Best Practices for Securing Infrastructure, 1st Edition: Lee Brotherston & Amanda Berlin
  210. Writing Tools: 55 Essential Strategies for Every Writer, 1st Edition: Roy Peter Clark
  211. Imaginative Writing: The Elements of Craft (Penguin Academics Series), 1st Edition: Janet Burroway
  212. Concepts of Fitness And Wellness: A Comprehensive Lifestyle Approach, 11th Edition: Charles Corbin & Karen Welk & William Corbin & Gregory Welk
  213. Interpreting Earth History: A Manual in Historical Geology, 8th Edition: Scott Ritter & Morris Petersen
  214. Counseling the Culturally Diverse: Theory and Practice, 8th Edition: Derald Wing Sue & David Sue & Helen A. Neville & Laura Smith
  215. Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions: University Edition, 2nd Edition: Joshua Pearl & Joshua Rosenbaum
  216. Essentials of Geology, 6th Edition: Stephen Marshak
  217. The Personality Puzzle, 8th Edition: David C. Funder
  218. Strategic Human Resources Planning, 7th Edition: Monica Belcourt
  219. Human Anatomy, 5th Edition: Michael McKinley
  220. First Aid for the USMLE Step 2 CS, 6th Edition: Tao Le & Vikas Bhushan
  221. Career Theories and Models at Work: Ideas for Practice: Nancy Arthur & Roberta Neault & Mary McMahon
  222. Essential Cell Biology, 5th Edition: Bruce Alberts & Karen Hopkin & Alexander D. Johnson & David Morgan & Martin Raff & Keith Roberts & Peter Walter
  223. Children Moving:A Reflective Approach to Teaching Physical Education with Movement Analysis Wheel, 9th Edition: George Graham & Shirley Ann Holt/Hale & Melissa Parker
  224. Calculus: Graphical, Numerical, Algebraic, 4th Edition: Ross L. Finney & Franklin D. Demana & Bert K. Waits & Daniel Kennedy
  225. Foundations of Clinical and Counseling Psychology, 4th Edition: Judith Todd & Arthur C. Bohart
  226. Elements of Argument: A Text and Reader, 12th Edition: Annette T. Rottenberg & Donna Haisty Winchell
  227. 5 Steps to a 5 AP Chinese Language and Culture, 1st Edition: JianMin Luo
  228. Study Guide/Solutions Manual for Organic Chemistry: Structure and Function, 8th Edition: K. Peter C. Vollhardt & Neil E. Schore
  229. Speak Up! An Illustrated Guide to Public Speaking, 4th Edition: Douglas M. Fraleigh & Joseph S. Tuman & Peter Arkle
  230. Murach's Oracle SQL and PL/SQL for Developers, 2nd Edition: Joel Murach
  231. The Communication Playbook, 1st Edition: Gamble Teri Kwal & Gamble Michael W.
  232. Managing Human Resources, 9th Canadian Edition: Monica Belcourt & Parbudyal Singh & Scott Snell & Shad Morris
  233. The One-Hour Activist: The 15 Most Powerful Actions You Can Take to Fight for the Issues and Candidates You Care About, 1st Edition: Christopher Kush
  234. Contemporary Business, 17th Edition: Louis E. Boone & David L. Kurtz & Susan Berston
  235. Introduction to Heat Transfer, 6th Edition: Theodore L. Bergman & Adrienne S. Lavine & Frank P. Incropera
  236. The Making of Environmental Law, 1st Edition: Richard J. Lazarus
  237. The Elusive Eden: A New History of California, 5th Edition: Richard B. Rice & William A. Bullough & Richard J. Orsi & Mary Ann Irwin & Michael F. Magliari
  238. Systems Analysis and Design, 12th Edition: Scott Tilley
  239. Motivational Interviewing, 3rd Edition: William R. Miller & Stephen Rollnick
  240. Excellence in Business Communication, 13th Edition: John V. Thill & Courtland L. Bovee
  241. Guide to Contract Pricing: Cost and Price Analysis for Contractors, Subcontractors, and Government Agencies, 5th Edition: John E. Murphy
  242. Wrigley Regulars: Finding Community in the Bleachers: Holly Swyers
  243. The Price Advantage, 2nd Edition: Walter L. Baker & Michael V. Marn & Craig C. Zawada
  244. Corporate Finance: The Core, 2nd Edition: Jonathan Berk & Peter DeMarzo
  245. INCOSE Systems Engineering Handbook: A Guide for System Life Cycle Processes and Activities, 4th Edition: INCOSE
  246. Absolute Java, 6th Edition, Global Edition: Walter Savitch
  247. Exploring Unseen Worlds: William James and the Philosophy of Mysticism, 1st Edition: G. William Barnard
  248. Governing States and Localities, 7th Edition: Kevin B. Smith & Alan H. Greenblatt
  249. Interviewing in Action in a Multicultural World, 5th Edition: Bianca Cody Murphy & Carolyn Dillon
  250. Advocacy in the Human Services, 1st Edition: Mark Ezell
  251. Immunology: A Short Course, 7th Edition: Richard Coico & Geoffrey Sunshine
  252. Essential Logic for Computer Science: Rex Page & Ruben Gamboa
  253. Tested Advertising Methods, 5th Edition: Caples & Hahn
  254. BIM and Quantity Surveying, 1st Edition: Steve Pittard
  255. Retail Buying: From Basics to Fashion, 6th Edition: Richard Clodfelter
  256. A Project Manager's Book of Forms: A Companion to the PMBOK Guide, 3rd Edition: Cynthia Snyder Dionisio
  257. Textbook of Histology, 4th Edition: Leslie P. Gartner
  258. Autism: A New Introduction to Psychological Theory and Current Debate, 2nd Edition: Sue Fletcher-Watson & Francesca Happé
  259. Business and Society: Stakeholders, Ethics, Public Policy, 16th Edition: Anne Lawrence & James Weber
  260. Essentials of Nursing Law and Ethics, 2nd Edition: Susan J. Westrick
  261. Financial Accounting, 10th Edition: Robert Libby & Patricia Libby & Frank Hodge
  262. Intermediate Microeconomics: A Modern Approach, 9th Edition: Hal R. Varian
  263. Financial Markets and Institutions, 6th Edition: Anthony Saunders
  264. The Cosmos: Astronomy in the New Millennium, 5th Edition: Jay M. Pasachoff & Alex Filippenko
  265. Structural Analysis, SI Edition, 6th Edition: Aslam Kassimali
  266. Understanding and Treating Chronic Shame: A Relational/Neurobiological Approach, 1st Edition: Patricia A. DeYoung
  267. Leisure Services Management, 2nd Edition: Amy R. Hurd & Robert J. Barcelona & Jo An M. Zimmerman & Janet Ready
  268. Behavioral Problems in Geography Revisited, 1st Edition: Kevin R Cox & Reginald Golledge
  269. Public Finance and Public Policy, 6th Edition: Jonathan Gruber
  270. Introduction to Heat Transfer, 6th Edition: Theodore L. Bergman & Adrienne S. Lavine & Frank P. Incropera & David P. DeWitt
  271. Frequently Prescribed Medications: Drugs You Need to Know, 3rd Edition: Michael A. Mancano & Jason C. Gallagher
  272. The Economics of Health Reconsidered, 4th Edition: Thomas Rice
  273. Theories of Counseling and Psychotherapy: An Integrative Approach, 2nd Edition: Elsie Jones-Smith
  274. America's History, Value Edition, Combined Volume, 9th Edition: Rebecca Edwards & Eric Hinderaker & Robert Self & James A. Henretta
  275. Campbell Biology, 11th Edition: Lisa A. Urry & Michael L. Cain & Steven A. Wasserman & Peter V. Minorsky & Jane B. Reece
  276. Advertising: Concept and Copy, 3rd Edition: George Felton
  277. Materials Science and Engineering: An Introduction, 10th Edition: William D. Callister & David G. Rethwisch
  278. Understanding Business, 11th Edition: William Nickels & James McHugh & Susan McHugh
  279. Microsoft Excel 2019 Data Analysis and Business Modeling, 6th Edition: Wayne Winston
  280. Essentials of Cardiopulmonary Physical Therapy, 4th Edition: Ellen Hillegass
  281. Guide to Managerial Communication, 10th Edition: Mary Munter & Lynn Hamilton
  282. You Don't Need a Title to Be a Leader: How Anyone, Anywhere, Can Make a Positive Difference: Mark Sanborn
  283. Business Communication: A Problem-Solving Approach, 1st Edition: Kathryn Rentz
  284. Leadership and Management for Nurses: Core Competencies for Quality Care, 3rd Edition: Anita Finkelman
  285. Governing California in the Twenty-First Century, 7th Edition: J. Theodore Anagnoson & Gerald Bonetto & J. Vincent Buck & James J. Kelleher
  286. Investment Valuation: Tools and Techniques for Determining the Value of Any Asset, 3rd Edition: Aswath Damodaran
  287. Communication Sciences and Disorders: From Science to Clinical Practice, 4th Edition: Ronald B. Gillam & Thomas P. Marquardt
  288. Entrepreneurship, 5th Asia-Pacific Edition: Howard Frederick & Allan O'Connor & Donald F. Kuratko
  289. Exploring Microsoft Office Excel 2019 Comprehensive, 1st Edition: Mary Anne Poatsy & Keith Mulbery & Jason Davidson
  290. Records Management, 10th Edition: Judith Read & Mary Lea Ginn
  291. Essentials of Accounting, 11th Edition: Leslie K. Breitner & Robert N. Anthony
  292. Linear Algebra: A Modern Introduction, 2nd Edition: David Poole
  293. University Physics with Modern Physics, 15th Edition: Hugh D. Young & Roger A. Freedman
  294. Fundamentals of Physical Geography, 2nd Edition: James Petersen & Dorothy Sack & Robert E. Gabler
  295. Chemical Fate and Transport in the Environment, 3rd Edition: Harold F. Hemond & Elizabeth J. Fechner
  296. Educational Psychology, 7th Canadian edition: Anita Woolfolk & Philip H. Winne & Nancy E. Perry
  297. Public Policy: A New Introduction, 2012 Edition: Christoph Knill & Jale Tosun
  298. Women and the American Experience, 5th Edition: Nancy Woloch
  299. Pediatric Primary Care, 6th Edition: Catherine E. Burns & Ardys M. Dunn & Margaret A. Brady & Nancy Barber Starr & Catherine G. Blosser & Dawn Lee Garzon Maaks
  300. The Scholar-Practitioner’s Guide to Research Design, 1st Edition: Laureate Publishing & Gary J. Burkholder & Kimberley A. Cox & Linda M. Crawford
  301. When Crime Pays: Money and Muscle in Indian Politics, 1st Edition: Milan Vaishnav
  302. Windows Server 2016 Unleashed, 1st Edition: Rand Morimoto & Jeffrey Shapiro & Guy Yardeni & Omar Droubi & Michael Noel & Andrew Abbate & Chris Amaris
  303. Motivation: Biological, Psychological, and Environmental, 5th Edition: Lambert Deckers
  304. Explorations in Diversity: Examining Privilege and Oppression in a Multicultural Society, 2nd Edition: Sharon K. Anderson & Valerie A. Middleton
  305. Introduction to Strategic Public Relations: Digital, Global, and Socially Responsible Communication, 1st Edition: Janis Teruggi Page & Lawrence J. Parnell
  306. A Comprehensive Guide to Project Management Schedule and Cost Control: Methods and Models for Managing the Project Lifecycle, 1st Edition: Randal Wilson
  307. You May Ask Yourself: An Introduction to Thinking like a Sociologist, 6th Edition: Dalton Conley
  308. The Basic Practice of Statistics for AP, 5th Edition: Daren S. Starnes & David S. Moore & Dan Yates
  309. The Power of Framing: Creating the Language of Leadership, 2nd Edition: Gail T. Fairhurst
  310. Lubkin's Chronic Illness: Impact and Intervention, 10th Edition: Pamala D. Larsen
  311. Financial Accounting, 10th Edition: Robert Libby & Patricia Libby & Frank Hodge
  312. Introduction to Software Testing, 2nd Edition: Paul Ammann & Jeff Offutt
  313. A Practical Guide to Computer Forensics Investigations, 1st Edition: Darren R. Hayes
  314. Henke's Med-Math: Dosage Calculation, Preparation, & Administration, 9th Edition: Susan Buchholz
  315. Doing Right: A Practical Guide to Ethics for Medical Trainees and Physicians, 3rd Edition: Philip C. Hebert
  316. Auditing and Assurance Services, 17th Edition: Alvin A. Arens & Randal J. Elder & Mark S. Beasley & Chris E. Hogan
  317. Government and Not-for-Profit Accounting: Concepts and Practices, 8th Edition: Michael H. Granof & Saleha B. Khumawala & Thad D. Calabrese & Daniel L. Smith
  318. A History of World Societies, Concise, Volume 2, 11th Edition: Merry E. Wiesner-Hanks & Ebrey Patricia B. & Roger B. Beck
  319. The Developing Child, 13th Edition: Helen Bee & Denise Boyd
  320. High-Acuity Nursing, 7th Edition: Kathleen Dorman Wagner & Melanie Hardin-Pierce & Darlene Welsh & Karen Johnson
  321. Linear Algebra, 5th Edition: Stephen H. Friedberg & Arnold J. Insel & Lawrence E. Spence
  322. Sources of World Societies, Volume 1, 3rd Edition: Merry E. Wiesner-Hanks & Patricia Buckley Ebrey & Roger B. Beck & Jerry Davila & Clare Haru Crowston & John P. McKay
  323. Digital Forensics Workbook: Hands-on Activities in Digital Forensics: Michael Robinson
  324. Jonas and Kovner's Health Care Delivery in the United States, 12th Edition: James R. Knickman & Brian Elbel
  325. Introduction to Neuropsychopharmacology, 1st Edition: Leslie Iversen & Susan Iversen & Floyd E. Bloom & Robert H. Roth
  326. Weight Training for Life, 10th Edition: James L. Hesson
  327. Your Career: How To Make It Happen, 9th Edition: Lauri Harwood & Lisa M.D. Owens & Crystal Kadakia
  328. Services Marketing: Integrating Customer Focus Across the Firm, 7th Edition: Valarie A. Zeithaml & Mary Jo Bitner & Dwayne Gremler
  329. States Versus Markets: Understanding the Global Economy, 4th Edition: Herman Mark Schwartz
  330. Cybercrime: Investigating High-Technology Computer Crime, 2nd Edition: Robert Moore
  331. Essentials of Exercise Physiology, 5th Edition: William D. McArdle & Frank I. Katch & Victor L. Katch
  332. NoSQL for Mere Mortals, 1st Edition: Dan Sullivan
  333. Architectural Drafting and Design, 7th Edition: Alan Jefferis & David A. Madsen & David P. Madsen
  334. Calculus, 8th Edition: James Stewart
  335. Principles of Microeconomics, 12th Edition: Karl E. Case & Ray C. Fair & Sharon E. Oster
  336. MIS Cases: Decision Making wih Application Software, 4th Edition: Lisa Miller
  337. Auditing: A Practical Approach with Data Analytics, 1st Edition: Raymond N. Johnson & Laura Davis Wiley & Robyn Moroney & Fiona Campbell & Jane Hamilton
  338. South-Western Federal Taxation 2020: Essentials of Taxation: Individuals and Business Entities, 23rd Edition: Annette Nellen & James C. Young & William A. Raabe & David M. Maloney
  339. Student Solutions Manual for McKeague/Turner's Trigonometry, 8th Edition: Charles P. McKeague & Mark D. Turner
  340. Psychology in Your Life, 3rd Edition: Michael Gazzaniga & Sarah Grison
  341. American Courts: Process and Policy, 7th Edition: Lawrence Baum
  342. An Introduction to American Law, 3rd Edition: Daniel Rosen & Bruce Aronson & David G. Litt & Gerald Paul McAlinn & John P. Stern
  343. Publication Manual of the American Psychological Association, 6th Edition: American Psychological Association
  344. Doing Ethics: Moral Reasoning, Theory, and Contemporary Issues, 5th Edition: Lewis Vaughn
  345. Intermediate Algebra: Functions & Authentic Applications, 6th Edition: Jay Lehmann
  346. General, Organic, and Biological Chemistry: Structures of Life, 5th Edition: Karen C. Timberlake
  347. Basics of Research Methods for Criminal Justice and Criminology, 4th Edition: Michael G. Maxfield
  348. Nature Unbound: Bureaucracy vs. the Environment (Independent Studies in Political Economy): Kenneth J. Sim & Randy T Simmons & Ryan M. Yonk
  349. Contemporary Criminal Law: Concepts, Cases, and Controversies, 5th Edition: Matthew Lippman
  350. Engineering Your Future: A Comprehensive Introduction to Engineering, 9th Edition: William C. Oakes & Les L. Leone
submitted by TailExpert to CollegeTextbook [link] [comments]

Questions on Satoshi Roundtable? Not secret, just AMA

Some questions on social media after today's Coindesk article.
Anyone with questions, feel free to ask.
I'm pretty transparent, if you are on my Facebook etc.
A couple points:
Why private? I mentioned on Bitcoin Talk -- there is value in private meetings, just like when people meet at their office or for dinner or a group ski trip. One example: I'm a very vocal critic of Ben Lawsky. Some CEOs might feel the same way but would not discuss it publicly due to fear of regulatory punishment. (I'm not saying this is the case with anyone on the list, just an example.)
Will this secretly harm Bitcoin or work on new regulation? Absolutely not.
submitted by bruce_fenton to Bitcoin [link] [comments]

BitLicense isn't bitcoin regulation, it is a de facto bitcoin ban, coupled with the introduction of a whitelist-based altcoin run by governments but utilizing the bitcoin blockchain.

It's tough to accept, but we might be facing the first attempt at seriously enforcing a total ban on all bitcoin transactions. The fact that it will be enforced simultaneously with the introduction of a government-controlled NYCoin just makes it even more dangerous.
This is probably the first time bitcoin has ever been in real danger of being supplanted by something else. NYCoin might become USACoin, which might then merge with ChinaCoin and EUCoin to become something I imagine will commonly be called WhiteCoin - a global surveillance based currency with a worldwide monopoly on trading legal goods and services.
I think it is important that we realize that the BitLicense is what can best be described as an "attack" - a deliberate attempt to hurt bitcoin users - and we should fight back with everything we have. The fact that Ben Lawsky tricked us into thinking his main concern was to ensure a good environment for startups shows that the people attacking us are not holding back, but are willing to use any tricks necessary to crush us.
I can't think of much that can be done right now, but my best bet is that we need to try to attack the value of this WhiteCoin wherever it pops up, NYCoin being the first. It will be tough, and a boycott will not be enough because this is the coin that big money will be investing in.
Perhaps it will be possible for bitcoin users to force miners to choose between mining transactions for one of the two coins, thus making sure that as long as bitcoin is the dominant digital currency by transaction fees, whitecoin transactions will be really slow. We can be absolutely certain the opposite would happen instantly should whitecoin ever become the dominant currency.
submitted by Rune_And_You to Bitcoin [link] [comments]

There is a 30 day comment period for the current Bitlicense proposal. Unless there are substantial changes, New York will be a Bitcoin dead zone

The 30 day comment period starts next week. Bitlicense, as proposed will force most companies that store customer BTC deposits to block New York IP addresses. There is very little chance that Lawsky will make any further changes to it, so what will this mean for Bitcoin around the world?
EDIT, as a reminder:
This is how the Bitlicense will affect Bitcoin businesses, taken from here:
http://www.reddit.com/Bitcoin/comments/2aycxs/hi_this_is_ben_lawsky_at_nydfs_here_are_the/cizyqyz
(I've added modifications in light of changes in the new proposal and information that I found was missing in the original write-up)
Entities are considered dealing in virtual currencies if:
.. to any resident in New York. Web services, even those incorporated overseas, must either comply or block access for NY users. (200.2n)
Entities 'dealing in virtual currency' must:
Added:
The (only?) good news: Merchants do not need a BitLicense to accept Bitcoin for a good or service. (200.3c2).
> This post was created for general guidance, and does not constitute legal advice. You should not act upon the information contained in this publication without obtaining specific advice from a professional. No representation or warranty (expressed or implied) is given as to the accuracy or completeness of the information contained in this post.
EDIT 2, targetpro suggested expressing any concerns you may have about the proposed regs to the NY Dept. of Finan. Services:
submitted by aminok to Bitcoin [link] [comments]

Truth you don't want to hear. Bitcoin Price Matters. Grow the fk up.

Listen, I am a Crypto-anarchist. I've read all those books you've read - Ayn Rand, Friedman, listened to the Molyneux podcasts and all that.
And I just went full time on Bitcoin. So yeah I am in this boat with all of you.
But I also worked on Wall Street for many years and all I see is amateur hour in the bitcoin community and people with no fucking business sense.
You want to extend the commenting window for Ben Lawsky to set regulations for NY? Yeah go fucking do that. And watch every startup in the space run out of money waiting 2 years to get clarity while you write your letters of 'truth'.
You want to keep being 'intellectually smart' and go to meetups about Stellar this week, Ethereum last week, Bullshit coin next week and watch Bitcoin startups fail in the meantime? Then go ahead.
You want to keep showing up at Bitcoin conferences spewing your bullshit to make yourself sound hard saying stuff like "Ethereum is Bitcoin 2.0. I see a world of many successful altcoins each with their own purpose" or "I will die defending freedom and I don't care how much it costs me, I will never get in bed with those evil regulators" Go right on ahead.
But remember this: Currencies are winner take alls. The only reason we have many different 'healthy' fiats is because these countries all have a military to defend their own paper. That's why GBP, USD, EUR, CNY etc can coexist for now.
In Crypto space however, there are no borders or guards. You can freely switch from one coin to another. That means 1 crypto will win and only 1. If you spend any time or money on altcoins, it means you either don't understand how money works, or you have left Bitcoin. The first thing you should say then to other people you see at a Stellar meetup is "My name is Bob. I hate fiat and I hate Bitcoin." You can't believe both Bitcoin and Stellar can have monetary value. Believing that just shows you're an amateur. Stripe, you're anti-Bitcoin.
Here's my message to you all: Stop fucking supporting 18 year old engineers with no idea of how money works who come up with fancy new features for some new bullshit Ethereum coin. Stop thinking it's fun and funny to get some Doge. Stop thinking somehow that because Stellar is being distributed in a more fair way than Ripple that it's going to end up being worth any monetary value. If you trade on an exchange that also supports litecoin, that means they have no idea what they are doing.
Bitcoiners and Altcoiners are enemies not friends. If you want to convince me your Ethereum is 2.0, then show me your skills by breaking Bitcoin first. Otherwise, you are a supporter of the state. You are as big a harm to Bitcoin as anybody in government. The people that should be giving you Bitcoin for Ether are the corrupt politicians.
Bitcoin's Price is why there is even a conference for you to get paid to speak at. Bitcoin's Price is what pays your salary at your startup. Bitcoin's Price is the only reason VCs have poured money in.
If you believed in Bitcoin, you'd let the regulators pass whatever they want - paying no attention to them. If you believed in Bitcoin, you'd let anyone invent their own coin - paying no attention to them. The sooner regulators can help take it mainstream by making it 'safe' the sooner you can get to work finding a workaround for Bitcoin. Letting Lawsky play the delay game means a ton of bitcoin startups will fail.
The only thing you should focus on is 'what can I do today to help the Bitcoin price go up'. Cause the honest truth is unless the price keeps going up, there isn't going to be more jobs, more conferences, more startups, more freedom, more prosperity, more people in this reddit thread. So either help the cause by hoarding Bitcoins, developing for the Bitcoin ecosystem and the Bitcoin ecosystem only, or GTFO.
Nothing else matters.
submitted by btcgrowup to Bitcoin [link] [comments]

Bitcoin 2017 a Comprehensive Timeline

Some of the most notable news and events over the past year:
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submitted by BitcoinChronicler to btc [link] [comments]

A few thoughts - Monday, August 18, 2014

Good afternoon! A few thoughts for lunch today:

bit_by_bit's thoughts on "social capital"

bit_by_bit made an interesting post on the idea of "social capital," which I thought was worth mentioning here. At http://www.reddit.com/Bitcoin/comments/2ds548/what_is_going_on_with_the_rise_and_rise_of/cjsmm5q, he talks about the death of his grandfather, for which I offer my sincerest condolences. Having attended the funeral, he mentions how friends and family have caused him grief about his support of bitcoins. bit_by_bit is incorrect in his posts where he writes bitcoins off as "dying." At the same time, if bitcoins were "dying" right now, then my least concern would be about what my friends think of me.
What bit_by_bit says about "social capital" is completely true. If your goal is to make lots of friends, then you can approach the problem scientifically by following rules. For example, a good way to make friends is to talk to lots of people and to never share controversial opinions. Toastmasters has a good template for this in one of their advanced communications manuals; there is a four-step process they suggest on how to introduce yourself to someone you've never met before. Following the process, you can move from talking about the weather to politics to discussing your divorce in ten minutes. I imagine it would be possible to attend lots of parties and use this technique on many people, making lots of people one might misinterpret as friends.
Once you have those friends, then the best way to keep them is to agree with them as much as possible. Some people are shallow creatures and turn against their friends easily. I mentioned the situation with the family member and the damaged property in a previous post, and the core issue in that situation preventing action was the family member's worry of what friends of friends would think should a stand be taken on repayment.
For good or bad, unlike bit_by_bit, I don't worry about "social capital." I worry about whether I treat people fairly and about what is right and wrong, not about how many friends I will lose or gain by taking actions. People who live their lives worrying about what other people think end up with legions of shallow acquaintences, like the people I know who do little with each other except go out on Fridays and get drunk. Even if bitcoins were dead, friends and family members who would make rude jokes at someone's expense are lesser people who aren't worth associating with. Why should bit_by_bit (or you or I) place the same level of credence in what they think as in someone who is caring and treats others with respect? Rather than losing respect, bit_by_bit has actually gained valuable information, because the respect of such people doesn't matter, and because he now has a smaller number of friends who he deserve more of his time and attention.
If bitcoins were to die, I would not be concerned whatsoever about what colleagues or friends thought of my discussions about them. I would be profoundly disappointed that I live in a world where people are so stupid and closed-minded that they were not able to recognize how bitcoins could have improved the lives of everyone so dramatically.

Some comments on the recent decline

sqrt7744 has an interesting comment about the ongoing decline at http://www.reddit.com/BitcoinMarkets/comments/2duufu/daily_discussion_monday_august_18_2014/cjti1za. In it, he mentions that markets are irrational and also talks about how the falling prices make it difficult to convince newer people to invest. But I don't think that this selloff is irrational like he does.
One thing that's noteworthy about his comment is where he discusses the impact of Ben Lawsky on bitcoin prices. It's reasonable to make a case that this decline was directly caused by Lawsky's regulations. There are some issues with the timing of that argument, so readers can consider for themselves whether Lawsky singlehandedly caused these declines.
The selloffs during the last cycle every time there was some Chinese news were irrational, because bans in China never represented a fundamental threat to bitcoins. While there are still a few posts that continue to claim the fundamentals have not changed (moral_agent has firmly sided with the people who think that we are still in the previous cycle by not changing his charts), some people in /bitcoinmarkets are finally starting to wake up now. The current selloffs are rational, because they are based on fear of one of the two things that can cause bitcoins to fail: that people simply don't want to use them. The question for this cycle is not whether governments will allow bitcoin usage but whether people will use them, and the cycle won't end until that is proven one way or the other months from now. What happened is very simple: people aren't using bitcoins at the same rate as before, July 24 came without adoption having increased, and people who see they can make more money in stocks and other investments left.
As an aside, I should note that the transaction volume has remained unchanged compared to the number of transactions, so it looks like the increasing number of transactions is a false indicator. Anyone can increase the number of transactions by spending a small amount to send a little money to lots of people. The chart to look at is "transaction volume," which hasn't moved.
My bottom line: I remain bearish, just as I did at every step since $620. This downturn does not end tomorrow or next week and because this crash was caused by a change in the fundamentals, there needs to be another change in the fundamentals before recovery begins. The only exception to this rule would be if the price reaches $150 or some unlikely absurd value in a matter of a day, in which case it would make sense to buy huge even if it is just to make short-term gains.

Redefining "speculation"

I think it's worth redefining the term "speculation" to mean "wealth storage." People who buy bitcoins and don't spend them are not leeches upon the network. In addition to providing liquidity, they are using bitcoins for one of their intended purposes: storing their wealth away from the hands of governments and everyone else so that it is available anywhere in the world.
Spending bitcoins on products and services is only one use of the bitcoin network. People who say that bitcoin is "overvalued" for its current uses based on spending alone are adhering to a very limited view of the network's usefulness. I argue that the most useful feature of the network is its ability to store huge amounts of wealth, and that is even more useful than the transactional features. When we redefine the value of bitcoins to include wealth storage, then we have to also redefine the "basic value" of the network to determine whether it is overbought or oversold.

PETA "changes its mind" about switching to P2Pool

On Friday, PETA changed its mind about switching to P2Pool, stating that its hardware wasn't compatible and that they could achieve lower variance by not switching. Such an action is likely illegal, as over 90% of shareholders voted for the switch. If I owned shares or had any association with them whatsoever, I would be selling and would get out immediately with whatever I can salvage.
The company made headlines a few months back when they announced that they would be switching to promote decentralization, and received huge support (and huge money) from the community. A post on Friday attracted quite a bit of negative publicity, so hopefully people who read it will stop supporting them and the company will pay for its duplicity.

Gavin Andresen makes over $206,000

I wanted to make a quick note that it was revealed last week that gavinandresen makes over $206,000 for his work as a bitcoin developer. I've never heard of a software engineer who makes anywhere close to that much; it's almost three times what I make.
As a genius, this is the one case where I can say that he deserves every cent he makes. Most of the time, you hear about stories of CEOs who earn $3m or $10m in cash and bonuses and stock options - but these CEOs don't actually produce any work for the company. Andresen works hard and actually produces meaningful stuff that advances the purpose of his organization. A company can survive without a CEO, but it can't survive if it doesn't have deveopers producing a product. It's good to see the right people getting rewarded for their work, rather than CEOs leeching off others' hard work.

Other

submitted by quintin3265 to BitcoinThoughts [link] [comments]

Altisource Portfolio Solutions S.A.

Altisource Portfolio Solutions S.A.
This is gonna be a long one.
"You don't have to know how much a man weighs to know he is fat."
Background:
Altisource Portfolio solutions "Altisource" was spun off from Ocwen Financial in 2009. Ocwen financial is a mortgage servicer. Of all the mortgage servicers, Ocwen is the most cost efficient, best run, and best capitalized. As a mortgage servicer, Ocwen acquires mortgage servicing rights (MSRs). Owners of MSRs collect a small fee from every mortgage payment it is servicing. Ocwen may service a mortgage by handling day to day tasks of servicing a loan, process payments, keep track of principal and interest paid, manages escrow accounts, initiate foreclosure, modify loan payments for subprime and delinquent loans and so on.
The reason Altisource was spun off from Ocwen in 2009 is because Ocwen's Chairman Bill Erbey knew the software division of Ocwen was not being valued properly within the business. Altisource is now incorporated in Luxembourg for tax reasons but it basically does everything a United States company would do. It files with the SEC, gets audited and does almost all business in the United States.
Thesis:
What does Altisource do?
From the 2013 10k-
"Altisource®, together with its subsidiaries, is a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries offering both distribution and content. We leverage proprietary business process, vendor and electronic payment management software and behavioral science based analytics to improve outcomes for marketplace participants."
If you figured out what they did from reading that, congratulations, because I couldn't. I own the company and I still do not know all of the services they provide. What I do know is that more than half of Altisource's revenue is derived from Ocwen. Ocwen uses Altiosurce's state of the art servicing technology to service their loans. Altisource's technology allows Ocwen to be such a low-cost servicer. Altisource only provides their technology to Ocwen and no other servicers.
http://oraclefromomaha.files.wordpress.com/2014/04/1.png
In the above link, you can see the ways Altisource generates revenue. The main thing to know here is that Altisource generates a huge portion of their revenue from Ocwen. When Ocwen makes less modifications on loans, they use Altisource's services less so Altisource makes less money. When Ocwen modifies more loans then Altisource makes more money because Ocwen uses their serivices more. It provides a hedge against parts of their business that may struggle in a recession like any other business. During the natural economic cycle if there is a recession and Ocwen is modifying more loans because more homeowners cannot make payments then Altisource is making more money than they would during good economic times because Ocwen uses their services more. The more MSRs Ocwen acquires, the more Altisource makes.
Ocwen's growth (basically a quick long thesis on Ocwen)
When a bank loans money to an individual to buy a house, a mortgage is originated and an MSR is created. The bank then keeps the mortgage on its books or sells the mortgage to another entity. Perhaps Fannie or Freddie. But what happens to the MSR? The MSR is then sold to a servicer such as Nationstar, Walter Investment Management Corp, or Ocwen. The reason the banks or originator of the mortgage sell the MSR is because they cannot service it properly and/or they would lose money in the process of trying to service it. Because of Dodd Frank, banks are trying to get MSRs off their books even faster because they cannot service them efficiently as previously mentioned and because they will have to hold 250% more capital against the MSRs. All banks are moving away from owning MSRs and non-bank servicing is becoming a larger industry, and Ocwen is leading the way. Due to the high supply of MSRs that are wanting to be sold by banks the MSRs can currently be bought at a 20-30% yield. Ocwen can buy the most MSRs because they are the best capitalized and they use the most conservative balance sheet. Ocwen being the lowest cost operator provides them with a huge competitive advantage when bidding for MSRs as well. Ocwen will continue to lead the non-bank servicers in buying MSRs. Ocwen currently has $464 billion of unpaid principle balance of loans they are servicing and another trillion dollars of subprime (Ocwen specializes in subprime) UPB is expected to get into the hands of non bank servicers by 2018 (3-4 trillion in UPB of regular MSRs). Ocwen will get the most of that trillion dollars of UPB of any servicer because of their competitive advantages.
Another competitive advantage of Ocwen is their relationship Home Loan Servicing Solutions Ltd. HLSS was also created by Bill Erbey. HLSS provides the capital for Ocwen to service loans so Ocwen does not have to tie up their capital. In the future, HLSS will acquire more loans and allow Ocwen to sub-service them through a unique financing strategy. This strategy called the accretion model is a genius way to get capital for HLSS to afford a virtually unlimited amount of MSRs. HLSS pays a huge dividend and because of this dividend, HLSS trades above its tangible book value due to fixed income hungry investors who want a fat dividend. HLSS then issues more shares above tangible book value to then acquire more MSRs. Issuing shares above book value actually creates value for HLSS shareholders also instead of diluting value as many people would think issuing shares does. Those MSRs are then sub-serviced by Ocwen, who still uses Altisource's technology.
Ocwen is also getting into foreword and reverse mortgage origination so they can have a constant stream of MSRs.
Basically, Ocwen and HLSS are going to acquire more MSRs and Ocwen will be servicing more mortgages. More mortgages serviced by Ocwen = more revenue for altisource.
All MSR transactions have currently been stopped by a New York financial regulator but we will get to that issue later.
Share Repurchases
Up until a few months ago the laws of Luxembourg restricted the amount of shares that Altisource could repurchase. Altisource recently created a foreign subsidiary that does nothing called "MidCo" to hold all other parts of the business so there would legally be no restrictions on share repurchases. Until Altisource did this, they were repurchasing the maximum amount of shares that Luxembourg would allow.
Here is Altisource's entity structure to bypass Luxembourg share repurchase laws http://i.imgur.com/J6LPEc0.jpg
The highlighted dark blue entity will be the entity repurchasing unlimited shares because MidCo, its parent company is not in Luxembourg. How smart is that.
Altisource currently authorized the repurchase of up to 2.9 million shares. 2.9 million shares is 13% of their market cap. They could easily repurchase that amount. Altisource also just finalized a loan with BAC for $200 million to repurchase shares so the share repurchases will really start to kick into high gear with the new liquidity and cheaper price. Up until the sharp share price drop, Altisource was repurchasing for the past several months around $110. That shows the board and management think the company is undervalued at $110 and now it is at $84 and nothing fundamentally changed about the company.
Insider Purchases
During the past 6 months, 3 insiders have purchased at $102, $103, $106, and $120. Between 20% and 43% above current market prices. Bill Erbey also owns 30% of Altisource and 13% of Ocwen. His views are directly in line with other shareholders.
Bill Erbey and his Capital Allocation
Bill Erbey is the Chairman of Ocwen, Altisource Portfolio Solutions, Altisource Asset Management Corporation, Altisource Residential, and Home Loan Servicing Solutions. Bill has done a great job of creating shareholder value for Ocwen and Altisource shareholders. Bill has also greatly benefited from this because of his stakes in thise companies. Before the sharp share price drop due to outside forces, Bill compounded Ocwen's stock at 30% per year since 2002 WITHOUT including the Altisource spinoff which compounded itself since 2009 at almost 75% a year. Altisource then spunoff Altisource Residential and Altisource Asset Management. Every spinoff is a value creating machine. At one point AAMC had compounded 430% in a year and a half, although it was due to a stretched valuation. Bill is dedicated to doing whatever it takes to create shareholder value. He relocated to the Virgin Islands just to save Ocwen some money on taxes.
I once read a story about Bill in his Virgin Islands home and his electric bill for the air conditioning. Keep in mind, Mr. Erbey is a multi billionaire. Bill got his electric bill and saw his costs had skyrocketed due to his air conditioning. Bill then sat there after that baking and sweating in the heat in his home so he could save a couple thousand on his electricity bill. He will do anything to save a dollar.
Hubzu
Hubzu is owned by Altisource. Hubzu is currently an online marketplace to buy and sell foreclosed homes. Like Zillow and Trulia but for foreclosed homes. Hubzu takes foreclosed homes from Ocwen and lists them on their website Hubzu.com. Hubzu is trying to get into the non-distressed house listing like other real estate websites like Zillow and Trulia. This will grow Hubzu at an even faster rate. Altisource states Hubzu gets about 1 million unique new visitors per month. When you buy Altisource you are also buying the jewel of Hubzu. Bill Erbey claims that Hubzu makes "as much money in one quarter as Zillow does in 4 quarters" Zillow has a market capitalization of $5 billion. Zillow's market capitalization is definitely stretched but a spinoff would create a lot of shareholder value even if the market gave Hubzu a fraction of Zillow's valuation.
Why is the company undervalued?
All this greatness in one company so why is it so undervalued? Remember how Altisource's earning were pretty much directly tied to how well Ocwen does? A New York State Financial Department regulator named Benjamin Lawsky halted a $2.7 bilion ($39 billion in UPB) Wells Fargo MSR transfer to Ocwen. This also halted all of the other MSR transactions between banks and servicers. Benjamin Lawsky is probing into Ocwen and other servicers. He states that he wants to make sure Ocwen and other servicers have the capacity to service loans efficiently because they are "growing too fast". The relationships these 5 companies share though is somewhat sketchy. They have a lot of the same board members and they all work with each other and make money off each other. Ocwen is the best servicer of them all though. They provide more loan modifications than anyone else and they have the lowest re default rate.
A slide from an investor presentation shows how they compare to others http://i.imgur.com/YkIKD2O.png
Even if Lawsky did find that some servicers do not have the capacity to service loans then Ocwen would be the last one in question because it is easy to see they are doing the best for their consumer compared to anyone other servicer.
Benjamin Lawsky is doing this for his own political reasons. He wants his name on the news. He wants people to see his name. Perhaps he wants to run for governor or something. Why would he schedule an interview with CNBC about the probe into the mortgage servicers right after it is announced. Why would he send a letter to Altisource and at the same time send it to the press, therefore ruining Altisource's reputation without giving them a chance to respond. He is also really into regulating bitcoin in New York which is just another vehicle to get his name in the news.
There are very recent updates with the regulatory pressure and basically the probing is narrowed down to an issue with force placed insurance and Altisource. Ben Lawsky could not find anything else. He sent this letter on Aug. 4th to Ocwen. So this is what the probe is narrowed down to.
http://www.dfs.ny.gov/about/press2014/pr140804-ocwen-letter.pdf
Basically, if a homeowner is struggling to make payments and can't pay their insurance, Ocwen has the right to force place insurance into their payments so the mortgage owner does not incur massive losses if a catastrophe happens. Ocwen has to outsource whoever force places the insurance and the issue that Ben Lawsky was worried about was why Altisource was appointed to find someone to force place that insurance, why Altisource received commission for basically doing nothing, and why Bill Erbey did not consult with any of the Ocwen board before making this decision to allow Altisource to find an insurer.
Altisource will probably get a one time fine settlement and they will go on doing business as usual. I believe this because an almost identical situation happened with Assurant and the New York State Financial Department and they settled for $14 million. There is also an interview on CNBC with someone who talks to the CEO of Ocwen and they are sure that Ocwen and Altisource will just settle with a deal with Lawsky and that will be the end of it.
Interview:
http://video.cnbc.com/gallery/?video=3000298804
Risks Benjamin Lawsky actually finds something else that Altisource was doing wrong. Bill Erbey Dies. He is in his 60s and overweight.
Conclusion
In conclusion Altisource is extremely cheap. Remember that quote about not knowing how much a man weighs but knowing he is fat? That is the case with Altisource. Altisource is definitely undervalued but there are a range of possibilities of the valuation with Hubzu, regulatory matters, growth, etc.
submitted by nomcow to SecurityAnalysis [link] [comments]

Novauri's comments on the BitLicense

Hello, this is Will from Novauri. You almost certainly haven't heard of our company before. We are not planning on releasing it for use until 2015, and we haven't spent a dime on marketing. Still, our team feels strongly about the emerging BitLicense regulations in New York, and I wanted to share the letter we sent to the DFS with the community today.
We already shared our views within days of the proposal being released here, but we've had much more time to craft a formal response. You'll find an abbreviated version below, and a full copy of our letter on our website here.
I know this is a somewhat 'dry' topic, but it's important to the future of bitcoin in the US. Our thoughts on this topic are below. Thank you.
About Novauri
Novauri is a virtual currency startup based in Denver, Colorado and San Francisco, California. Novauri will allow bitcoin users to purchase and sell bitcoin using ACH debits and credits from their bank accounts. The service will be available initially to US consumers in early 2015.
We are different from our competitors in that Novauri will not control the private keys to our customers’ bitcoin addresses. Not only will Novauri never have access to customers’ private keys, but our systems are designed so we will never see private keys in unencrypted form.
We intentionally built this feature into our service as a risk protection measure for our customers. Novauri cannot suffer from the catastrophic failures and massive internal thefts we’ve witnessed at services that pool customer bitcoin and control their private keys because Novauri never has control of our customers’ funds, bitcoin or US Dollars. We feel strongly that this feature is both safer for our customers and cheaper for us as a service provider. Our design requires no expensive security layers around pooled wallets, no insurance for massive, pooled wallets that are vulnerable to insider theft, or regulatory responsibility as a fiduciary holding retail customer deposits like a bank.
Innovation, bitcoin, and concerns about the proposed rules
We believe bitcoin and its underlying blockchain technology is the most significant invention of the century. Bitcoin allows for unique digital information that can exist safely on the open Internet without the protection of a central authority. Bitcoin’s unique combination of cryptography and “hashcash”-based proof of work consensus with an integrated economic incentive to participate in the consensus that also creates an automated, and fully predictable monetary policy is something we’ve never dreamed of before 2009. The applications for this technology extend far beyond payment systems, and have the capability to uniquely identify anything digitally; a possibility that becomes exponentially more exciting when it intersects with other emerging technologies, such as the Internet of things, drone applications, or holograph-based UI and peer-to-peer communications.
That being said, we believe the proposed BitLicense regulation falls short in three key areas:
1) Redundancy with existing regulation, and creates an unfair playing field
Novauri believes that the BitLicense regulation is written in such a way that it will greatly stunt growth and drive innovation to other States or Countries entirely. The regulation contains provisions that exclude existing banks from the rules entirely.
Novauri recommends removing the provisions that exempt banks entirely, and replacing the redundant and overreaching language in these areas with a simple statement: The rules and regulations applying to bitcoin at a Federal level (especially from FinCEN) shall apply to all applicable virtual currency businesses with activities in New York State.
2) KYC provisions and ineffective cyber security provisions are dangerous for consumers
Perhaps the most dangerous aspects of the proposed regulations are the identity verification processes. We’ve already seen the disasters that the data retention provisions in the Bank Secrecy Act have caused in terms of the ongoing identity theft epidemic. Every week another bank is hacked, and more and more personal information goes up for sale on the darknet. We feel that these issues are an unintended consequence of the data retention requirements in the BSA, as well as the decision by certain companies to monetize “big data”. Novauri feels that these are misguided regulations and business decisions, and is vehemently opposed to corporations storing and selling personal information. The economic costs of identity theft greatly outweigh any advertising revenue made by these companies, and the cost to taxpayers in reimbursing billions and billions of dollars in stolen tax refunds each year, to say nothing of the stress these unintended consequences cause normal people when they discover their identities have been stolen.
This issue will be far worse with bitcoin, which features a public ledger. As soon as personal information is leaked, it can be associated with the blockchain and the entire financial history of individuals will be viewable by anyone. As written, Novauri feels the proposed KYC provisions in the BitLicense proposal constitute a potential threat to our National security.
Novauri recommends that the NYDFS delay the requirements around KYC until a more elegant solution evolves that doesn’t risk massive identity theft incidents or violations of personal privacy. We recommend full synchronization with existing regulation, and revision such that an individual’s right to privacy is balanced against the needs of law enforcement. This synchronization should also include checks and balances that are non-existent today.
Regarding “cyber security”, Novauri believes that the regulations are ineffective, as technologies are continuously evolving. Novauri recommends that the NYDFS require businesses that act as fiduciaries for customer deposits and maintain control of private keys to hold deposit insurance for 100% of the value of all fiat and virtual currency deposits. If the business has faulty security, the insurance company can make that determination and increase their premiums. In the event that the business’s security is unsafe, the insurance companies will not issue insurance at all. This is a “future proof” way to ensure cyber security without politicizing the topic or risking that rules and regulations become ineffective and anachronistic with time, as they almost certainly will as written.
3) Failure to create a risk-based system that scales with the risk of the service
The proposed regulation doesn’t differentiate between businesses that exchange fiat for bitcoin while taking control of deposits, those that exchange fiat for bitcoin and do not take control of deposits, or even businesses that exchange no currency at all and have no responsibility as a fiduciary. This will effectively kill all small businesses and startups in the State of New York, and if these rules are used as a model in other States, will drive the industry offshore entirely.
Novauri recommends creating at least two types of businesses under the proposed BitLicense regulation:
Virtual Currency Retail or Investment Banking Providers would be regulated in a manner similar to banks, but Virtual Currency Retail or Exchange Service Providers would be subject to minimal regulation. Again, Novauri highly recommends using insurance as a way to “future proof” the areas of cyber security and KYC provisions.
In closing, given the possibilities presented by this emerging technology, Novauri requests that the NYDFS consider revising the rules heavily, adopting a progressive and risk-based approach that uses insurance in lieu of prescriptive measures, removes duplicative rules and regulations, and gives the technology the room it needs to grow and evolve.
Sincerely,
Will Madden Founder & CEO Novauri, LLC
For a full version of our comments on the BitLicense proposal, please visit our website here.
submitted by MrMadden to Bitcoin [link] [comments]

Why Reddcoin is going to the top, part 2

Why Reddcoin is going to the top, part 2
Yesterday I posted part 1 of my article, “Why Reddcoin is going to the top”:
http://www.reddit.com/reddCoin/comments/2bspjm/why_reddcoin_is_going_to_the_top_part_1/
In the first part of the article, I separated the top 20 altcoins on coinmarketcap into three groups, and provided some argument as to why all the coins in the group “Decentralised something-or-other coins” are going to grow slower than Reddcoin.
Today I am moving on to the reasons why coins in the category “Anon currency coins” are not going to be able to keep up with Reddcoin.
Anon currency coins
Ingenious, daring, mysterious... yes. Wanted and desired by your average everyday person? Not really.
Anonymous cryptocurrency projects are and will remain at the fringe. But why? Who is interested in them?
And there are strong indications that the hype bubble is now bursting. Look at the flagship of anonymous coins, Darkcoin. This project has a dedicated dev team and community. I applaud them for their tireless effort to get the complicated functionality of Masternode payments and Darksend working correctly. And it looks like their efforts have paid off. And the code is about to be vetted by a respected cryptographer. So why is the price not taking off? Why does it continue to stagnate and fall? Because Darksend and Masternode Payments have already been priced in, meaning that in the collective mind of investors Darkcoin should have already been fully functioning as planned for a while now. The reason then for the continued decline in prices is that the market is still returning to where it should be after an almighty hype pump.
But there is another reason to doubt the long-term viability of anonymous coin projects: the Darkwallet project, set to launch very soon. Darkwallet will provide anonymising functionality to a Bitcoin wallet, and so as well as being considered short-term or fringe projects, anon currency coins look set to become obsolete in one fell swoop, when the main selling point of all these coins, the fact that Bitcoin transactions are not anonymous, is snuffed out with Darkwallet.
When considering the above factors it is easy to see how Reddcoin has a target audience far, far greater than anonymous cryptocurrency, and also how anonymous coins are likely to face certain significant threats to their survival, threats that Reddcoin will not be subject to.
Of course the above is a general overview of anonymous cryptocurrency. I respect the sincere efforts being undertaken for these projects and readers of this article may know of particular features offered by anonymous coins that they believe will gain traction over the long term. If so I would really appreciate your comments.
The final part of this article comes tomorrow!
submitted by reddibrek to reddCoin [link] [comments]

The New York State Attorney General lives in Alternate Reality !

Dear Friends,
Legal Parallel Universe is the first thing that came to my mind when I read this final legal reply.
Pierre says it in a different way:
According to Defendants-Respondents’ response to Plaintiffs-Petitioners’ Cross-Motion for Limited Discovery, they should be entitled to live in a legal world where virtually no one has standing to challenge a regulation involving new technology or new markets, and where no plaintiff ever has grounds to seek limited discovery.
Now that all the documents are filed there shouldn’t be any more delays and as you can read in the rest of Pierre’s brief (which is located: http://www.article78againstnydfs.com/docs/Index-101880-15/17-ReplyMemoLimitedDiscovery/01-ReplyMemoLimitedDiscovery.pdf) we are requesting experts.
Ben Lawsky is a Lawyer and a politician. He is a good one but he is not an economist. Nothing in Benjamin Lawsky background predispose him to lead the NYDFS. It was just the best illustration of cronyism within the New York and Wall Street democratic establishment. His testimony is to explain why he ignored Professor Williams’ comments.
During the hearings on the proposed regulation, Mark T. Williams’s written testimony establishes that Bitcoin should be treated as a commodity, and not as a currency, yet Defendants-Respondents did not address Mark T. Williams’ position. Additionally, supposedly, the Defendants-Respondents conducted “extensive research at analysis” when they proposed the Regulation, yet the research and analysis has never been produced so it is unclear how Defendants-Respondents came to the conclusion that Bitcoin could be regulated by them.
As New Yorkers, we might understand that it’s bad politics to listen to Bostonians professors. We know that our Public University professors might not be the most distinguished but we will settle for one that is been quoted by the Attorney General.
We need to have a professor in economy and the state of New York has so many on their payroll, we are simply asking the judge to make CUNY professor available to us since his conclusions are being quoted by the Attorney General.
The citation to Mr. Krugman’s article was taken from the following passage in DFS’s opening brief: These terms—“medium of exchange” and “form of digitally stored value”—are commonly used to describe financial products and services. See, e.g., United States v. Faiella (observing that “money” in ordinary parlance means “something generally accepted as a medium of exchange, a measure of value, or a means of payment”); Paul Krugman, The Int’l Role of the Dollar: Theory and Prospect in Exchange Rate Theory & Practice 8.2 (John F. Bilson & Richard C. Marston eds., 1984) (noting that money generally “serves three functions: it is a medium of exchange, a unit of account, and a store of value”); see also United States v. E-Gold, Ltd. (holding that “a ‘money transmitting service’ includes not only a transmission of actual currency, but also a transmission of the value of that currency through some other medium of exchange”).
Legal scholars might call the Attorney General logic a Legal Parallel Universe. I personally would simply ask what medicine those attorney representing the state of New York are on.
Defendants-Respondents cannot have it both ways -- have the Court believe that Plaintiffs-Petitioners discovery motion should be thrown out just because of the absence of any merit to Plaintiffs-Petitioners’ case and argue Plaintiffs-Petitioners’ petition should be dismissed on an unresolved threshold issue. Either Defendants-Respondents should not have filed their Cross-Motion to Dismiss or limited discovery is necessary on the threshold issue as to the economic nature of Bitcoin.
Please share the date of October 10, 2017 with everyone interested in attending. It’s going to be historic!
All the documents of the lawsuit are on the website here: http://www.article78againstnydfs.com/raw.php
See you on the 10 ! (and don't forget Morpheus waiting for his trial from his jail cell.)
Theo Chino http://AbolishTheBitlicense.com https://www.meetup.com/Article-78-Against-NYDFS
submitted by theochino to Bitcoin [link] [comments]

Building a United Platform

No matter which coin you're backing (or how many), the regulations coming out of New York State have large, overreaching and severe consequences for all cryptocurrencies.
You can read the proposed BitLicense Regulations here.
AmericanBitcoin has put together a TL;DR of the proposed reglations
In response, you can read the in-progress GitHub Fork of those same regulations here.
If you'd like to see a quick breakdown of examples of what's wrong with the proposed regulations, I highly recommend you read this comment by MrMadden over in /Bitcoin, which is utterly fantastic.
Instead of standing 'against' these regulations, let's stand for:
The problems, right now:
These regulations are vague in some important areas and could have unintended consequences.
For example, here's a great breakdown from goldcakes (originally made here)
Entities are considered dealing in virtual currencies if:
.. to any resident in New York. Web services, even those incorporated overseas, must either comply or block access for NY users. (200.2n)
Entities 'dealing in virtual currency' must:
The (only?) good news: Merchants do not need a BitLicense to accept Bitcoin for a good or service. (200.3c2).
This post was created for general guidance, and does not constitute legal advice. You should not act upon the information contained in this publication without obtaining specific advice from a professional. No representation or warranty (expressed or implied) is given as to the accuracy or completeness of the information contained in this post.
submitted by GoodShibe to CryptosUnited [link] [comments]

Member of New York Department of Financial Services posts proposed regulatory framework to /r/Bitcoin. A few buttery finds to be enjoyed

So Ben Lawsky is Superintendent of Financial Services at the New York State Department of Financial Services (DFS). He's posted some regulatory frameworks for how certain entities dealing in Bitcoins might function in NYS legally. It goes about as well as you might expect.
YOU HAVE NO POWER HERE
Worship your rulers harder
At least we can rationally discuss the value of debate
Watch out plebeians
If you're looking for some decorum in conversation you might just be a concern-trolling asshole
submitted by lumpy_potato to SubredditDrama [link] [comments]

Lawksy's new regulations highlight the twin futures of Cryptocurrency. Whether you advocate for surveillance or fear it, we're all getting what we want.

The more things change, the more they stay the same.
"I'm very excited about what the future could hold for this very powerful technology."
Writes BenLawsky, on bitcoin, 4 months ago in his AMA.
He also writes:
"We're hopeful that clear regulations, if done in a smart, modern way, may incentivize some of these exchanges to come ashore (hopefully here in NY)."
These are the words of a man eager to capitalize on the benefits of a new technology. Bitcoin has existed in a somewhat legal grey area, but Lawsky thinks if he can clarify a regulatory landscape then it will remove any uneasiness that interested but hesitant corporations have shown to adopting bitcoin.
In the same AMA where the word "Laundering" was mentioned 263 times, Lawsky was quick to lay out his own agenda on the issue. He's a regulator who staunchly believes that extensive KYC/AML policies will help stamp out terrorism and other forms of financial crime. Transactions need to be tracked in Lawsky's world, and he's more than willing to force the entire population to submit to that maxim in order to catch a few bad guys. He and others have been barking up the paper trail tree for a very long time, and there's nothing to suggest they will ever stop.
Regulatory clarity is an idea that makes sense on paper at least, and it will cause legitimate well-funded exchanges to spring up that submit to these extensive, and expensive, compliance checks. It will go on to cause 50 different U.S. states to create 50 different nuanced compliance schemes that each exchange will have to take into account. Such is the cost of doing business in the U.S. And yes, it will absolutely drive some business out of the US entirely and cause others to forbid american customers from participating.
It's also worth noting that Lawsky is attempting to prevent another MtGox fiasco by forcing companies that hold customers' bitcoin to provide adequate security measures, keep collateral on hand that effectively insures the deposits, and prevent them from holding any profit in bitcoin.
Bravo Mr. Lawsky. You can have your little regulated corner of the world, and the rest of us will be living in ours.
This is simply not the future of bitcoin. No one asks you for anything when downloading a wallet for yourself. No one asks for your permission, background information, or intentions when moving funds from one address to another. No one can freeze or seize the funds in an address you control. The type of rules being proposed here are the last bastion of federated economy attempting to impose control with the best of intentions. But it's exactly those intentions that will drive virtual currency usage away from government influence.
The truth is that effective money laundering control is impossible in the virtual currency world. Broad and intrusive regulation might catch some of the low hanging fruit at licensed exchanges, but users who are determined to skirt the rules can and will find ways around it, and many already have. While institutions and investors are busy sinking enormous sums of capital into the digital economy, others are busy setting up decentralized exchanges and services that fly free of regulatory scrutiny.
In Lawsky's eyes such activity might look like the golden age of piracy again, but this time it's largely a body of good actors operating under the banner of financial privacy. This is a group that is simply fed up with the big brother state. It does not trust 3rd parties, let alone their own government, to own and scrutinize their spending habits
Every modicum of value that enters the virtual currency ecosystem, even through well-regulated and compliant exchanges, increases the effectiveness of a system that operates entirely independent from this scrutiny. On a fundamental level Lawsky and I may agree that terrorism is heinous, but the days when we can trace financial transactions with any certainty are coming to a close. It's a hard pill to swallow, and it probably won't stop regulators from trying to clamp down extensively, but they're going to have to find other means to nab criminals who are engaging in harmful activities. And no, I don't mean more KYC/AML, I'll repeat this again: the more you try to push down on transaction tracking, the less effective it will be.
I firmly believe that virtual currency in some form, is here to stay, it's foolish to dismiss this. It's equally as foolish to think that all fiat currency may crumble overnight or become obsolete. Perhaps one may win over the other someday, but we're bound to see a lot of resistance to the death of either system and they will be living in tandem for a very long time. Lawsky and the regulators may claim some domain over the fiat world and transition points that convert between bitcoin and cash, but the time is quickly approaching when one is able to depart from the fiat world, and never return again.
submitted by TryAgain_NY to Bitcoin [link] [comments]

Altisource Portfolio Solutions (S.A.) Long Thesis

Altisource Portfolio Solutions S.A.
This is gonna be a long one.
"You don't have to know how much a man weighs to know he is fat."
Background:
Altisource Portfolio solutions "Altisource" was spun off from Ocwen Financial in 2009. Ocwen financial is a mortgage servicer. Of all the mortgage servicers, Ocwen is the most cost efficient, best run, and best capitalized. As a mortgage servicer, Ocwen acquires mortgage servicing rights (MSRs). Owners of MSRs collect a small fee from every mortgage payment it is servicing. Ocwen may service a mortgage by handling day to day tasks of servicing a loan, process payments, keep track of principal and interest paid, manages escrow accounts, initiate foreclosure, modify loan payments for subprime and delinquent loans and so on.
The reason Altisource was spun off from Ocwen in 2009 is because Ocwen's Chairman Bill Erbey knew the software division of Ocwen was not being valued properly within the business. Altisource is now incorporated in Luxembourg for tax reasons but it basically does everything a United States company would do. It files with the SEC, gets audited and does almost all business in the United States.
Thesis:
What does Altisource do?
From the 2013 10k-
"Altisource®, together with its subsidiaries, is a premier marketplace and transaction solutions provider for the real estate, mortgage and consumer debt industries offering both distribution and content. We leverage proprietary business process, vendor and electronic payment management software and behavioral science based analytics to improve outcomes for marketplace participants."
If you figured out what they did from reading that, congratulations, because I couldn't. I own the company and I still do not know all of the services they provide. What I do know is that more than half of Altisource's revenue is derived from Ocwen. Ocwen uses Altiosurce's state of the art servicing technology to service their loans. Altisource's technology allows Ocwen to be such a low-cost servicer. Altisource only provides their technology to Ocwen and no other servicers.
http://oraclefromomaha.files.wordpress.com/2014/04/1.png
In the above link, you can see the ways Altisource generates revenue. The main thing to know here is that Altisource generates a huge portion of their revenue from Ocwen. When Ocwen makes less modifications on loans, they use Altisource's services less so Altisource makes less money. When Ocwen modifies more loans then Altisource makes more money because Ocwen uses their serivices more. It provides a hedge against parts of their business that may struggle in a recession like any other business. During the natural economic cycle if there is a recession and Ocwen is modifying more loans because more homeowners cannot make payments then Altisource is making more money than they would during good economic times because Ocwen uses their services more. The more MSRs Ocwen acquires, the more Altisource makes.
Ocwen's growth (basically a quick long thesis on Ocwen)
When a bank loans money to an individual to buy a house, a mortgage is originated and an MSR is created. The bank then keeps the mortgage on its books or sells the mortgage to another entity. Perhaps Fannie or Freddie. But what happens to the MSR? The MSR is then sold to a servicer such as Nationstar, Walter Investment Management Corp, or Ocwen. The reason the banks or originator of the mortgage sell the MSR is because they cannot service it properly and/or they would lose money in the process of trying to service it. Because of Dodd Frank, banks are trying to get MSRs off their books even faster because they cannot service them efficiently as previously mentioned and because they will have to hold 250% more capital against the MSRs. All banks are moving away from owning MSRs and non-bank servicing is becoming a larger industry, and Ocwen is leading the way. Due to the high supply of MSRs that are wanting to be sold by banks the MSRs can currently be bought at a 20-30% yield. Ocwen can buy the most MSRs because they are the best capitalized and they use the most conservative balance sheet. Ocwen being the lowest cost operator provides them with a huge competitive advantage when bidding for MSRs as well. Ocwen will continue to lead the non-bank servicers in buying MSRs. Ocwen currently has $464 billion of unpaid principle balance of loans they are servicing and another trillion dollars of subprime (Ocwen specializes in Subprime) UPB is expected to get into the hands of non bank servicers by 2018 (3-4 trillion in regular MSRs). Ocwen will get the most of that trillion dollars of UPB of any servicer because of their competitive advantages.
Another competitive advantage of Ocwen is their relationship Home Loan Servicing Solutions Ltd. HLSS was also created by Bill Erbey. HLSS provides the capital for Ocwen to service loans so Ocwen does not have to tie up their capital. In the future, HLSS will acquire more loans and allow Ocwen to sub-service them through a unique financing strategy. This strategy called the accretion model is a genius way to get capital for HLSS to afford a virtually unlimited amount of MSRs. HLSS pays a huge dividend and because of this dividend, HLSS trades above its tangible book value due to fixed income hungry investors who want a fat dividend. HLSS then issues more shares above tangible book value to then acquire more MSRs. Issuing shares above book value actually creates value for HLSS shareholders also instead of diluting value as many people would think issuing shares does. Those MSRs are then sub-serviced by Ocwen, who still uses Altisource's technology.
Ocwen is also getting into foreword and reverse mortgage origination so they can have a constant stream of MSRs.
Basically, Ocwen and HLSS are going to acquire more MSRs and Ocwen will be servicing more mortgages. More mortgages serviced by Ocwen = more revenue for altisource.
All MSR transactions have currently been stopped by a New York financial regulator but we will get to that issue later.
Share Repurchases
Up until a few months ago the laws of Luxembourg restricted the amount of shares that Altisource could repurchase. Altisource recently created a foreign subsidiary that does nothing called "MidCo" to hold all other parts of the business so there would legally be no restrictions on share repurchases. Until Altisource did this, they were repurchasing the maximum amount of shares that Luxembourg would allow.
Here is Altisource's entity structure to bypass Luxembourg share repurchase laws http://i.imgur.com/J6LPEc0.jpg
The highlighted dark blue entity will be the entity repurchasing unlimited shares because MidCo, its parent company is not in Luxembourg. How smart is that.
Altisource currently authorized the repurchase of up to 2.9 million shares. 2.9 million shares is 13% of their market cap. They could easily repurchase that amount. Altisource also just finalized a loan with BAC for $200 million to repurchase shares so the share repurchases will really start to kick into high gear with the new liquidity and cheaper price. Up until the sharp share price drop, Altisource was repurchasing for the past several months around $110. That shows the board and management think the company is undervalued at $110 and now it is at $84 and nothing fundamentally changed about the company.
Insider Purchases
During the past 6 months, 3 insiders have purchased at $102, $103, $106, and $120. Between 20% and 43% above current market prices. Bill Erbey also owns 30% of Altisource and 13% of Ocwen. His views are directly in line with other shareholders.
Bill Erbey and his Capital Allocation
Bill Erbey is the Chairman of Ocwen, Altisource Portfolio Solutions, Altisource Asset Management Corporation, Altisource Residential, and Home Loan Servicing Solutions. Bill has done a great job of creating shareholder value for Ocwen and Altisource shareholders. Bill has also greatly benefited from this because of his stakes in thise companies. Before the sharp share price drop due to outside forces, Bill compounded Ocwen's stock at 30% per year since 2002 WITHOUT including the Altisource spinoff which compounded itself since 2009 at almost 75% a year. Altisource then spunoff Altisource Residential and Altisource Asset Management. Every spinoff is a value creating machine. At one point AAMC had compounded 430% in a year and a half, although it was due to a stretched valuation. Bill is dedicated to doing whatever it takes to create shareholder value. He relocated to the Virgin Islands just to save Ocwen some money on taxes.
I once read a story about Bill in his Virgin Islands home and his electric bill for the air conditioning. Keep in mind, Mr. Erbey is a multi billionaire. Bill got his electric bill and saw his costs had skyrocketed due to his air conditioning. Bill then sat there after that baking and sweating in the heat in his home so he could save a couple thousand on his electricity bill. He will do anything to save a dollar.
Hubzu
Hubzu is owned by Altisource. Hubzu is currently an online marketplace to buy and sell foreclosed homes. Like Zillow and Trulia but for foreclosed homes. Hubzu takes foreclosed homes from Ocwen and lists them on their website Hubzu.com. Hubzu is trying to get into the non-distressed house listing like other real estate websites like Zillow and Trulia. This will grow Hubzu at an even faster rate. Altisource states Hubzu gets about 1 million unique new visitors per month. When you buy Altisource you are also buying the jewel of Hubzu. Bill Erbey claims that Hubzu makes "as much money in one quarter as Zillow does in 4 quarters" Zillow has a market capitalization of $5 billion. Zillow's market capitalization is definitely stretched but a spinoff would create a lot of shareholder value even if the market gave Hubzu a fraction of Zillow's valuation.
Why is the company undervalued?
All this greatness in one company so why is it so undervalued? Remember how Altisource's earning were pretty much directly tied to how well Ocwen does? A New York State Financial Department regulator named Benjamin Lawsky halted a $2.7 bilion ($39 billion in UPB) Wells Fargo MSR transfer to Ocwen. This also halted all of the other MSR transactions between banks and servicers. Benjamin Lawsky is probing into Ocwen and other servicers. He states that he wants to make sure Ocwen and other servicers have the capacity to service loans efficiently because they are "growing too fast". The relationships these 5 companies share though is somewhat sketchy. They have a lot of the same board members and they all work with each other and make money off each other. Ocwen is the best servicer of them all though. They provide more loan modifications than anyone else and they have the lowest re default rate.
A slide from an investor presentation shows how they compare to others http://i.imgur.com/YkIKD2O.png
Even if Lawsky did find that some servicers do not have the capacity to service loans then Ocwen would be the last one in question because it is easy to see they are doing the best for their consumer compared to anyone other servicer.
Benjamin Lawsky is doing this for his own political reasons. He wants his name on the news. He wants people to see his name. Perhaps he wants to run for governor or something. Why would he schedule an interview with CNBC about the probe into the mortgage servicers right after it is announced. Why would he send a letter to Altisource and at the same time send it to the press, therefore ruining Altisource's reputation without giving them a chance to respond. He is also really into regulating bitcoin in New York which is just another vehicle to get his name in the news.
There are very recent updates with the regulatory pressure and basically the probing is narrowed down to an issue with force placed insurance and Altisource. Ben Lawsky could not find anything else. He sent this letter on Aug. 4th to Ocwen. So this is what the probe is narrowed down to.
http://www.dfs.ny.gov/about/press2014/pr140804-ocwen-letter.pdf
Basically, if a homeowner is struggling to make payments and can't pay their insurance, Ocwen has the right to force place insurance into their payments so the mortgage owner does not incur massive losses if a catastrophe happens. Ocwen has to outsource whoever force places the insurance and the issue that Ben Lawsky was worried about was why Altisource was appointed to find someone to force place that insurance, why Altisource received commission for basically doing nothing, and why Bill Erbey did not consult with any of the Ocwen board before making this decision to allow Altisource to find an insurer.
Altisource will probably get a one time fine settlement and they will go on doing business as usual. I believe this because an almost identical situation happened with Assurant and the New York State Financial Department and they settled for $14 million. There is also an interview on CNBC with someone who talks to the CEO of Ocwen and they are sure that Ocwen and Altisource will just settle with a deal with Lawsky and that will be the end of it.
Interview:
http://video.cnbc.com/gallery/?video=3000298804
Risks Benjamin Lawsky actually finds something else that Altisource was doing wrong. Bill Erbey Dies. He is in his 60s and overweight.
Conclusion
In conclusion Altisource is extremely cheap. Remember that quote about not knowing how much a man weighs but knowing he is fat? That is the case with Altisource. Altisource is definitely undervalued but there are a range of possibilities of the valuation with Hubzu, regulatory matters, growth, etc.
submitted by nomcow to valueinvestorsclub [link] [comments]

Bitcoin and the NY Bitlicence proposed regulations Q&A - Benjamin Lawsky Keynote - Money 2020 - Nov 2, 2014 - #bitcoin #regulation NYDFS Virtual Currency Hearings, Day 1, Panel 1 Benjamin Lawsky Keynote - Money 2020 - Nov 2, 2014 - #bitcoin #regulation Bitcoin Regulation, Ben Lawsky and Banning Ideas

Department of Financial Services superintendent Ben Lawsky sketched the first outlines of his plans to regulate Bitcoin and other digital currencies at a forum in Washington, D.C. on Tuesday ALBANY-State Department of Financial Services superintendent Ben Lawsky released a set of proposed rules for regulating Bitcoin and other virtual currencies that have been used to facilitate What he doesn't know, is that his fighting bitcoin, is like trying to fight the advent of the internet circa mid-90's. The world wouldn't have cared if the internet had been effectively banned in New York. Is simply would have routed around that, which is exactly what bitcoin will do, if Ben is so intent to enact the regulations as proposed. Ben Lawsky, Superintendent of Financial Services at the New York State Department of Financial Services (DFS) announced the BitLicense proposal. The Bitlicense document contains a regulatory structure for bitcoin which means that businesses in the state of New York can be sure of what they can and cannot do. Bitcoin is a lot like gold—its production is limited (to 21 million units), so its value depends strictly on how much people want to use it. Contrast this to fiat currency, like the dollar and

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Bitcoin and the NY Bitlicence proposed regulations

Bitcoin Regulation, Ben Lawsky and Banning Ideas Bruce Fenton. Loading... Unsubscribe from Bruce Fenton? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 7.45K. ... The New York Digital Investment Group (NYDIG), which has ties to Ben Lawsky, has raised $190 million for one of its bitcoin funds. Austrian Crypto Users Will Soon Be Able to Spend Crypto at 2,500 ... EXCERPTS FROM SUPERINTENDENT LAWSKY’S REMARKS ON VIRTUAL CURRENCY AND BITCOIN REGULATION IN NEW YORK CITY. Skip navigation Sign in. ... Excerpt from Ben Lawsky at Cardozo Law School Theo Chino. Thoughts on Ben Lawsky and his proposed Bitcoin ban. Ben Lawsky of the New York Department of Financial Services NYDFS has proposed some very onerous and extreme regulations surrounding Bitcoin ... Charles Hoskinson on Ben Lawsky and Ripple ... with Space X and selecting the K value - Duration: 0:23 ... Hoskinson on How Cardano ADA is more decentralized than Bitcoin BTC ...

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