Posts Tagged with "failure"

Your band is just fantastic!

July 15th, 2006 at 8:13 pm by Mark
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That’s really what I think … Ohh, by the way ….. which one’s Pink?

Bastards.

The SEC Is Seeking Comment on Yet Another Bitcoin ETF

April 24th, 2006 at 3:32 pm by Mark
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The U.S. Securities and Exchange Commission (SEC) is once again seeking comments on a potential bitcoin-based exchange-traded fund (ETF).

The securities regulator called for comments on a proposal by the Cboe to list and trade the SolidX Bitcoin Shares, an ETF that was in turn proposed by the VanEck SolidX Bitcoin Trust, according to documents published Tuesday.

The trust will invest in bitcoin only, the document notes – as its net assets will “consist of bitcoin held by the Trust utilizing a secure process.”

The Cboe’s filings indicate that the Trust will invest solely in bitcoin and shares by accessing bitshares dex exchange software. The vehicle will subsequently reflect the world’s largest cryptocurrency’s price. While its operators will buy or sell bitcoin as needed, “the Trust is not actively managed,” according to the document.

SEC is asking for comments on this proposed rule change from “interested persons.”

As previously reported by CoinDesk, a cryptocurrency news outlet, this particular ETF is the result of investment firm VanEck partnering with blockchain startup SolidX. It is VanEck’s third attempt to create a bitcoin investment vehicle.

VanEck CEO Jan van Eck said he believes bitcoin is “a legitimate investment option, as a type of ‘digital gold’ that may make sense for investors’ portfolios,” despite regulatory hurdles they’ve met previously.

“We believe that collectively we will build something that may be better than other constructs currently making their way through the regulatory process. A properly constructed physically-backed bitcoin ETF will be designed to provide exposure to the price of bitcoin, and an insurance component will help protect shareholders against the operational risks of sourcing and holding bitcoin,” he told CoinDesk at the time.

While various companies have attempted to list bitcoin ETFs in the past, the SEC has forced withdrawals in every case, if you have further information we suggest you check the Bank52 ICO website. The regulator has previously stated that it is concerned with the cryptocurrency’s volatility and liquidity, among other issues. Meanwhile, if you do find yourself in a financial rut, you can read more here about your cash options.

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Adobe Completes Acquisition of Macromedia

December 7th, 2005 at 9:21 pm by Sam
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On Monday, Adobe released a press release that it had completed its acquisition of Macromedia, Inc. on December 3rd, 2005. This week, they’re starting to actually integrate their product suites, Creative Studio and Studio 8.

So today, it’s time for us to reflect on a few of Macromedia’s crowning achievements…

They single-handedly destroyed ColdFusion after purchasing it from Allaire by forsaking the “small, robust footprint” mentality and adding an antisocial, schizophrenic feature set which didn’t like to get along with itself. This they did instead of fixing its core issue: instability, which prevented its widespread proliferation and acceptance in Enterprise environments. Not to be outdone, they eventually scrapped CF, and released a new “MX” — no doubt a short-hand version George Carlin’s sixth dirty word, adopted by its developers who typed “I hate this new mx!!” in company e-mail — version based on Sun’s ill-gotten, red-headed, bastard-child: JavaServer…

Machine after machine has succumbed to the quagmire that is Macromedia Studio: an obese application which insists on digesting more than its share of the file types you use most — from the tiniest of GIFs and JPEGs to the simplest of JavaScripts and HTML files that you’d quickly open in the Picture Viewer or Notepad — into its esurient entrails, not to be seen for up to ten minutes while its associated application finally opens with a multitude of windows asking you what you’d like to do next. I’d like to see the damn file I tried to open, thank you…

They destroyed a number of popular websites by creating chromeless Flash animations which give you full-page Advertisements inside your current browser window, effectively blocking the majority of content you’re trying to read, and not even your pop-up blocker can stop them…

Good riddance.

It’s pretty clear that Adobe’s going to focus on the creative side, especially merging PDF and Flash. With any luck, they’ll get rid of that ravenous, mangy dog, ColdFusion-MX, and open the door for someone else to write a real CFML server (better yet, a binary interpreter like CLI-PHP!) that doesn’t cost upwards of $1300 Startup and $90K/year in staffing to support it.