Banc de Binary Facing Resistance From Industry Watchdogs in Australia and New Zealand

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Central Banks in New Zealand and Australia Issue Bitcoin Warning

Jon Southurst

Central Banks in New Zealand and Australia Issue Bitcoin Warning

Representatives from the central banks of New Zealand and Australia have issued their own official warnings on bitcoin, terming the currency “interesting, but risky”.

The banks’ comments come hot on the heels of the European Banking Authority’s stance today. Both comments echo the public statement issued by Chinese authorities on 5th December, which led to the price of bitcoin falling by $300 on popular exchange Mt. Gox.

New Zealand

John McDermott, assistant governor at the Reserve Bank of New Zealand (RBNZ), said banks and businesses should “tread very carefully” with the digital currency, in a report by the Wall Street Journal. He added:

“You have to worry about […] the supply, how it’s controlled, how it’s monitored. Who knows at this point? There is still a lot for the world to learn on this issue.”

RBNZ Governor Graeme Wheeler cited price volatility as a cause for concern, but said “Conceptually, the idea is very interesting — that you can have a means of payment that basically is universally accepted and basically means that you get aside capital controls, you get aside exchange rate issues.”

Australia

Next door, the governor of the Reserve Bank of Australia, Glenn Stevens, said he was “still trying to understand” the cryptocurrency during an interview with the Australian Financial Review.

“Best I can see, it would be open to you to create a currency called the ‘Michael’ and get people to buy it and you could promise to, you know, only issue so much of it and if people had confidence in that they could use that as a kind of numeraire. You could measure things in Michaels. You could buy and sell them.”

“It might or might not hold its value depending on whether you keep the promise,” Stevens continued.

The comments are interesting, as Stevens seems to think bitcoin’s 21,000,000 unit limit is based on a ‘promise’ by some individual or organization (though he later acknowledged bitcoin was “based on some computer algorithm to limit supply”).

The AFR’s editor-in-chief, Michael Stutchbury, also refers to bitcoin and its contemporaries in the interview as “artificial currencies”.

He also cautioned against “speculative excesses” and said that, while it had not caused the economy “a material problem yet,” it could result in something like that favoured investment bubble trope, Tulip Mania.

However, Stutchbury did raise the interesting question of whether digital currency technology could “take us back to a world” of competing currencies.

Stevens responded that the current international economy already had competing currencies, saying there was no law against people making daily transactions in whichever national currency they chose.

He concluded with:

“There have been many bases for currencies and in the end, I suppose, the ones that will […] the ones that survive will be the ones that hold their value, which is why we have an inflation target which we’re hitting.”

Few central bank officials have issued public opinion on bitcoin before October, but the currency’s recent surge in value has raised the issue to prominence.

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Attention and comments from governments of the world’s two largest economies, the US and China, may prompt those in other countries to speculate for themselves.

Australia currently ranks ninth in the world for peering nodes on the bitcoin network, according to Bitnodes.

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The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

By Any Means Necessary

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By Any Means Necessary
Story Mission
Game Watch Dogs
Part of story Act 3, Mission 6
Target Delford “Iraq” Wade
Unlocked by completing For the Portfolio
Unlocks Someone’s Knocking
Transcript By Any Means Necessary/Transcript

By Any Means Necessary” is the 36th storyline mission in Watch Dogs, and the 6th and final mission in Act III.

Mission plot

Aiden reaches the main door to find the lock code-encrypted. He calls Clara about opening it. T-Bone says that he can hack the door only during a blackout. Aiden kills the power enabling the team to open the door for him. Once inside, he’s addressed over a radio. It’s Iraq saying that Aiden was expected and that he “ain’t coming back from Rossi-Fremont.” Aiden then encounters Iraq’s “family” (loyal, heavily armored gang members) and must engage them in combat. Aiden progresses inward and upward through such heavy resistance, ultimately reaching Iraq’s room. He downloads the required data from a computer. As he attempts exit, Iraq confronts him in person.

A Viceroy gunman also comes as backup and Aiden must defeat him. An explosion then occurs throwing Iraq to the ground. He tries to kill Aiden in a cutscene, but fails. Aiden chases him out to a roof. While on the rooftop, Iraq is nowhere to be seen but resumes talking to Aiden by radio. He orders a few more Viceroys to kill Aiden followed by an Enforcer if he defeats them. After Aiden deals with him, Iraq returns with an ATSG-12. Aiden ultimately must kill him. After delivering a short monologue, Aiden leaves Rossi-Fremont with no further resistance. The mission destination changes back to the bunker where the mission Someone’s Knocking will commence.

СОПОСТАВИТЬ ЗАГОЛОВКИ
1. Beware of thieves
2. The best way to get there and get around
3. A beautiful but dangerous land
4.Weather watching
5. National sports
6.The first inhabitants
7. Attractions for fantasy book fans
8. Once safe, now endangered

A. New Zealand is an island country. Cruises to New Zealand are a perfect way to explore over 15,000 km of coastline and to enjoy the spectacular landscapes this diverse country has to offer. Cruising to New Zealand is a well-established tradition. Until the 1960s, it was the only way to arrive in the country.

B. The climate is pleasant in all seasons, though it’s rather windy. Wellington, the country’s capital, is known as the Windy City. The strongest winds blow from the south. The wind speed and direction can be seen from the flag flown from the Parliament. A large flag is flown only on calm days and a small flag is flown when windy days are expected.

C. More than a century before Columbus crossed the Atlantic to discover America, the Maoris sailed over thousands of kilometers of ocean to settle in New Zealand. They made their great journey in double canoes. Today, Maoris make up 14% of the country’s population and their history, language and traditions are central to New Zealand’s identity.

D. Before humans settled in New Zealand, it had an incredible variety of birds. As they had no natural enemies to fly away from, wings became unnecessary for some birds. When Maori and, later, Europeans came to New Zealand, they started to hunt birds. They also brought predators, including rats. The new enemies and loss of territory led to the reduction in the birds’ populations and to the complete extinction of some species.

E. Ever since the first ‘Lord of the Rings’ film was released in 2001, New Zealand has been known as the ‘Home of Middle-earth’. New Zealand’s dramatic scenery plays the mythical world of Middle-earth on the big screen in both ‘The Lord of the Rings’ and ‘The Hobbit’ trilogies. More than 250 places throughout the country were used as locations for the films, which made New Zealand the greatest destination for Tolkien enthusiasts.

F. Auckland is the largest city, and is sometimes called the ‘crime capital’ of the country. Violent crime is not common in New Zealand, but minor crimes are committed there quite often. A major problem is theft, primarily from cars -travellers should avoid leaving valuables in vehicles, no matter where they are parked. Actually, according to criminal statistics, tourist parking areas and car parks are the worst places.

G. Auckland’s diverse landscapes provide countless opportunities to be impressed: rainforests and black sand beaches, picturesque country gardens and calm bays. However, this region is spotted with 48 volcanic cones. Rangitoto Island, just a 25-minute ferry ride from Auckland, is the region’s most iconic volcano and a favourite day trip destination for visitors. But who knows when the trip might be interrupted?

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