Answer by Adam Cohen, Internet Economist. I work for SeatGeek.
No. Bitcoin is a ludicrously bad idea. It is a scam. A Scam. It is not a currency. The economic assumptions underpinning the Bitcoin ecosystem are laughable, and ignore hundreds of years of accumulated understanding of how currencies work with each other.
Source: Adam Cohen’s answer to Is the cryptocurrency Bitcoin a good idea? – Quora
Gas prices in the US are heading towards record levels, and are expected to be one of the key issues in the 2012 election. Why is it such a big deal?
Source: Why are Americans so angry about petrol prices? – BBC News
Employees may be prosecuted under a federal antihacking statute for taking computer files that they were authorized to access and using them in a manner prohibited by the company, a federal appeals court has ruled. The case decided 2-1 Thursday by the 9th U.S. Circuit Court of Appeals concerned the Computer Fraud and Abuse Act.…
Source: Appeals Court: No Hacking Required to Be Prosecuted as a Hacker | WIRED
“any person who obtains information from any computer connected to the internet, in violation of her employer’s computer-use restrictions, is guilty of a federal crime.” — Judge Tena Campbell in dissent of the majority ruling.
More fuel efficient vehicles along with alternative-fuel vehicle options will steadily undermine the viability of the gasoline tax, so how about a mileage fee?
Source: Pay per mile: A timely tax idea, or a privacy threat? – politics – More politics | NBC News
In 2010, chief executives at some of the nation’s largest companies earned $11.4 million in total pay, on average, far more than the typical American worker, according to the AFL-CIO.
Source: CEO pay dwarfs employee pay, AFL-CIO highlights
The numbers aren’t *quite* that bad. Note that they are comparing CEO compensation at S&P 500 companies versus Bureau of Labor Statistics data on *all* American workers as total CEO:Worker pay disparity; that’s like comparing the average income of Ivy League graduates to the average income of all high school graduates and labeling the result “the value of a college education”. But, the number is pretty bad and reflects a much greater disparity than at some points in the relatively recent past.