Quote from: BitDreams on May 01, 2014, 11:11:29 PM

Quote from: cypherdoc on May 01, 2014, 11:08:12 PM

Quote from: BitDreams on May 01, 2014, 11:03:52 PM

He'll get it after a while I suppose. Rand, if you happen across this consider if the MERS mortgage title company had utilized the block chain to track ownership - for a legislator, that should be enough to get them thinking correctly.

For those who don't know, MERS was the unregulated organization that banks created to 1. forge signatures on mortgage docs 2. trade these documents bypassing local municipalities, in effect, stealing doc fees at the local level 3. double spend! there are cases of mortgages being held / claimed by multiple lenders... and other problems with that corrupt data base (MERS).

MERS scandal that could have been avoided with the bitcoin protocol: http://deadlyclear.wordpress.com/2013/08/20/wall-streets-mortgage-fraud-scandal-you-can-have-a-house-that-is-fully-paid-for-and-still-end-up-in-foreclosure/

"Wall Streets Mortgage Fraud Scandal. 'You can have a house that is fully paid for and still end up in foreclosure

Rand, what's the value of bitcoin now?

gaud, that brings back bad memories.

so sad the robosigners they hired to do their dirty work as well. the banking system is so disgusting and deserves all the scorn we heap upon them everyday.

no wonder i've gone down the rabbit hole with Bitcoin.

Didn't mean to sour your meal sour, but you've got the cure in the last statement.

If you can stomach it, here's a relevant paragraph from the linked article:

Quote

...As a result of MERS actions, coupled with an intricate network of document preparers, it has virtually caused clouds on over 60,000,000+ titles to property in every state in the United States. In doing so, its membership base has saved millions of dollars in recordation fees, by hiding behind MERS electronic wall. By doing so, it has deprived the counties of the United States millions upon millions of dollars in badly-needed recordation fees; necessary for not only maintenance of property records (one of the basic tenets of American wealth) but also for the funding of certain county services, which have then had to raise property taxes to accommodate the lack of funds or simply cut back on services it used to be able to pay for on its own...

not to mention all the interest rate derivatives they sold to municipalities country-wide who then had to pony up millions/billions as they manipulated Libor inexplicably lower thru the Fed.