Tech People Are Passing Around This Paul Krugman Quote On The Internet After He Called Bitcoin 'Evil'

Paul Krugman upset the Bitcoin community over the weekend when he wrote a blog post titled "Bitcoin is Evil."

In the post he said he was "deeply unconvinced" that Bitcoin can actually work as a form of currency. He doesn't think it works as a "store of value" because there isn't anything underpinning it. 
After writing the post, Bitcoin supporters started flogging his inbox with "rage-filled missives," says Krugman in a follow up post.

Putin’s Mediterranean Move

 

On Christmas Day, Russian state-owned gas company Soyuzneftegaz inked a $90 million, 25-year deal with Damascus to start exploring for the first time some of Syria's offshore energy resources. On the surface, it represents another show of support from Russia for the beleaguered regime of Bashar al Assad. But the deal also fits into a larger pattern of Russian energy adventurism in one of the world's newest frontiers for oil and gas development. If the investments there work out as planned, they could help cement Russia's eroding hold over Europe's energy supply -- and help boost Moscow's standing as a global power on the rise. 

Military-Style' Raid on California Power Station Spooks U.S

When U.S. officials warn about "attacks" on electric power facilities these days, the first thing that comes to mind is probably a computer hacker trying to shut the lights off in a city with malware. But a more traditional attack on a power station in California has U.S. officials puzzled and worried about the physical security of the the electrical grid--from attackers who come in with guns blazing.