Bit Who? Is Mother Nature Losing Her Cool and @GSElevator Pushed the Wrong Button

Bit of confusion…

ID-100207230

The founder of Bitcoin has been revealed. Well…sort of…um…okay so nobody’s a hundred percent sure on that one. Here’s what is known: The virtual currency was created in 2009 – and NOT – it should be duly noted – by the Winklevoss twins. However, the creator remains a mystery (cue the eerie music).  Or does he (or she? or it?). Many believe(d) that the creator went/goes by the name Satoshi Nakamoto. A man by that name has been found in California and following a wild car chase in Los Angeles (duh…where else?) it’s still unclear who the founder is. Nor does it change the fact that the Winklevoss twins used bitcoins to pay for their galactic voyage or that bitcoin exchange Mt. Gox went buh-bye.

Take that Mother Nature…

Image courtesy of samarttiw/FreeDigitalPhotos.net

Image courtesy of samarttiw/FreeDigitalPhotos.net

In case you were wondering why Wall Street was putting out some record highs today (and it’s okay if you weren’t  – that’s why we’re here), it’s because 175,000 new jobs were added to the work force beating analysts’ expectations. Not only is that a positive sign that the economy is starting to regain some of its mojo, but it’s also seen as big kick in the butt to mother nature who has been toying so rudely with our economic emotions (bet you didn’t know you had those). But don’t break out the champagne just yet. Unemployment still climbed up .1% to 6.7% when that number should have stayed put like a good little estimate.

The final chapter?

Image courtesy of David Castillo Dominici/FreeDigitalPhotos.net

Image courtesy of David Castillo Dominici/FreeDigitalPhotos.net

And so the individual behind the twitter account @GSElevator is not @ Simon & Schuster anymore either. Straight To Hell, the book John Lefevre wrote based on things overheard in the hallowed elevators at Goldman Sachs has been canceled. The problem with the story is that Lefevre is not only NOT an employee of Goldman Sachs, but he resides in Texas which makes it kind of hard to overhear conversations in elevators in New York. But just so we’re clear, he did interview with Goldman Sachs, albeit, many many years ago.

Advertisements

Not @GSElevator, A Big Bite of Bitcoin and Your Innermost Thoughts

In a strange twist of corporate Goldman Sachs drama…

Image courtesy of sattva/FreeDigitalPhotos.net

Image courtesy of sattva/FreeDigitalPhotos.net

The identity of twitter account @GSelevator has finally been identified.  The tweeter had over 600,000 followers, as he/she tweeted about Wall Street’s corporate culture. The author of the account, John Lefevre, isn’t and was never even an employee there.  If he were, however, he’d have had one hell of a commute since he’s a resident of the great state of Texas.  Apparently it’s not necessary to have ever been employed at a particular firm in order to tweet about it.  Simon & Schuster agree as Mr. Lefevre has a six-figure advance from them for his book.  To be fair, though, he interviewed there seven years ago so it’s safe to say he had a glimpse of a genuine Goldman Sachs elevator.  Must have been some elevator.

There seems to be a Bitcoin of a problem…

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Ever heard of Mt. Gox?  Well that’s probably just as well since the Tokyo based Bitcoin exchange mysteriously misplaced about  744,000 Bitcoins.  And just how much is that worth, you might be wondering.  Hundreds of millions of dollars, that is,  if you don’t take into account the currency’s volatility.  What that means for the future of virtual currency depends on whom you ask.  Venture Capitalist Marc Andreesen compared it to MF Global, the brokerage that filed for bankruptcy in 2011.  Thinking he was reassuring Bitcoin investors and enthusiasts with that comparison, Andreesen said, “Bitcoin protocol is unchanged and other Bitcoin exchanges and companies are doing fine.”  Feel better about that now?

How thoughtful of you…

Image courtesy of David Castillo Dominici/FreeDigitalPhotos.net

Image courtesy of David Castillo Dominici/FreeDigitalPhotos.net

If you consider yourself a consumer, say like…um…everybody,then I know what you’ve been thinking about these days. No, really.  I do.  Your thoughts were thoughtfully expressed on the consumer confidence index.  You see, a bunch of people were surveyed on their consumer thoughts – as they consider themselves to be consumers just as you do – are those thoughts are meant to represent yours as well.  How ’bout that.  First of all, you think that the economy has improved.  You also think that jobs are plentiful.  But then again you also weren’t feeling totally optimistic about the economy either.  And you were definitely concerned with “the short-term outlook for business conditions, jobs and earnings.” Did you know that’s what you were thinking?  Well, I hope you thought this through carefully.