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Keyword: bitcoin

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  • Child pornography links found in Bitcoin's blockchain

    03/22/2018 6:43:55 AM PDT · by Drew68 · 37 replies
    Mashable ^ | 3/21/18 | Stan Schroeder
    Some of Bitcoin's most important features — the immutability and the distributed nature of its blockchain — might spell trouble for the cryptocurrency. A German team of researchers have found some objectionable content within Bitcoin's blockchain, including links to child pornography and, possibly, at least one such image. Since the totality of Bitcoin's blockchain has to be downloaded in order to mine Bitcoin or run a full Bitcoin node — a program that validates transactions on the network — that means anyone who does so is in possession of potentially illegal content. In the vast majority of cases, the data...
  • Interstellar Trade Is Possible

    03/16/2018 9:36:20 PM PDT · by LibWhacker · 54 replies
    Tough SF ^ | 3/21/17
    Interstellar Trade Is Possible In this post, we will detail a method for developing interstellar trade using near-future technologies and commercially realistic requirements. We will then look at the various outcomes, challenges and development models that will follow the first interstellar operation. There is now a Summary at the end of the post. A tough taskTravel between stars is hard. The distances are measured in trillions of kilometers and the space between destinations is not really empty. Attempting the crossing at interplanetary speeds is ludicrously slow; the only way is to reach velocities measured in percentages of the speed of...
  • Over $60 billion wiped off value of cryptocurrencies in 24 hours as bitcoin slide continues

    03/15/2018 7:53:45 AM PDT · by NRx · 54 replies
    CNBC ^ | 03-15-2018 | Arjun Kharpal
    Prices of major cryptocurrencies saw a sharp downward slide Thursday, amid closer regulatory scrutiny on the space and after Google announced plans to ban advertising related to the sector. The market capitalization or value of all the world's digital coins stood at $310.4 billion early on Thursday morning, down from $372.9 billion a day before, according to, which tracks prices based on different exchanges. Bitcoin, the world's largest cryptocurrency by market cap, traded as low as $7,676.52 on Thursday, the lowest since February 8, according to CoinDesk data. However, by 4.00 a.m ET the price had recovered to $8,219.77,...
  • Deep Learning Portends 'Sea Change' for Oil and Gas Sector

    03/15/2018 1:44:40 AM PDT · by SunkenCiv · 34 replies
    Enterprise Tech ^ | February 2, 2018 | Tiffany Trader and Doug Black
    The billowing compute and data demands that spurred the oil and gas industry to be the largest commercial users of high-performance computing are now propelling the competitive sector to deploy the latest AI technologies. Beyond the requirement for accurate and speedy seismic and reservoir simulation, oil and gas operations face torrents of sensor, geolocation, weather, drilling and seismic data. Just the sensor data alone from one off-shore rig can accrue to hundreds of terabytes of data annually, but most of this remains unanalyzed, dark data. Why? Because there just isn't enough compute capacity to crunch it all. A collaboration between...
  • Tales From the Cryptocurrency: The Bitcoin Mystery Death That’s Rocking South Korea

    02/22/2018 5:55:51 AM PST · by C19fan · 6 replies
    Daily Beast ^ | February 22, 2018 | Jake Adelstein
    Days after South Korea’s chief proponent of regulating cryptocurrency, Jung Ki-joon, was found mysteriously dead in his home, South Korea apparently has decided not to crack down further on trading in bitcoin and other cybercurrencies. On Tuesday, Choe Heung-ski, chief of South Korea’s Finance Supervisory Service, told reporters that the government would support cryptocurrency trading rather than heavily regulating it or banning it completely.
  • It's Time to Create New Republics

    03/01/2018 11:42:46 AM PST · by Brian Griffin · 4 replies
    03/01/2018 | Brian Griffin
    Article IV, Section 3 of our Constitution provides that "The Congress shall have the power to dispose of and make all needful rules and regulations respecting the territory or other property belonging to the United States." A Republican-run state might buy up a few square miles of unoccupied land and sell it and the state sovereignty over it to the federal government. The federal government might then sell it off to a state-authorized private party who promises to create a new republic on it with: 1. limits on taxation/governmental fees/fines/licensing, and 2. no foreign military force, and 3. no governmental...
  • The Harvest is ready now [charismatic caucus]

    02/25/2018 8:22:06 AM PST · by Jedediah · 6 replies
    The time to plow is over for the seeds are bearing fruit for I have gone before you as David in the Valley of Breakthrough . So speak and declare My Words of Righteousness given to all those that believe on Me for "Truly" The Harvest is ready to be brought into the Storehouse That is , "My Kingdom on Earth as it is in Heaven" for "Truly" You "ARE " My Keepers of My Love and ONE True Light EMMANUEL ( God with us ) JOHN 4:34-38 34 Jesus said to them, “My food is to do the will...
  • $20 trillion Bitcoin grab in cryptocurrency exchange glitch(Japan)

    02/21/2018 12:41:22 PM PST · by dynachrome · 28 replies
    A system glitch at a cryptocurrency exchange site run by an Osaka-based firm enabled users to obtain digital money for free, with one apparently “purchasing” Bitcoin valued at 2,200 trillion yen ($20 trillion) and then attempting to cash in on it. Tech Bureau Corp., a registered cryptocurrency exchange operator, is now subject to a Financial Services Agency investigation into the safety of the system and other business practices. The company announced Feb. 20 that the incident on its Zaif exchange website occurred four days earlier, when seven users obtained quantities of cryptocurrencies. Tech Bureau later invalidated the transactions and corrected...
  • Bitcoin Mining Hindering Search For Alien Life, Scientists Claim

    02/20/2018 11:46:35 AM PST · by nickcarraway · 65 replies
    Scientists searching space for intelligent life already have a difficult job, but some are now saying their task is being made even tougher because of digital currencies like Bitcoin. “We’d like to use the latest GPUs (graphics processing units)… and we can’t get ’em,” Dr. Dan Werthimer told the BBC. The chief scientist of the Search for Extraterrestrial Intelligence, or SETI Project, says the surging demand for GPUs from cryptocurrency miners is leaving the computer chips in short supply. “This is a new problem, it’s only happened on orders we’ve been trying to make in the last couple of months,”...
  • Cryptocurrencies ‘could drop to near-zero at any time,’ Ethereum founder warns

    02/20/2018 5:44:53 AM PST · by C19fan · 39 replies
    CNBC ^ | February 19, 2018 | Ryan Browne
    Cryptocurrencies are a nascent asset class and could fall violently at any time, the founder of blockchain network Ethereum warned on Saturday. "Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time," Vitalik Buterin said on Twitter. "Don't put in more money than you can afford to lose."
  • Why Steemit Is The Platform Of The People And The Answer To Censorship

    02/19/2018 10:34:15 PM PST · by vannrox · 25 replies
    Disobedient Media ^ | February 5, 2018 | Elizabeth Vos
    I am no expert in crypto-currency, and I am brand new on Steemit. Though I’m still in the beginning stages of learning the ropes of a platform based on cryptocurrency, like Steemit, I want to bring the platform to the attention of as many people as possible for a few specific reasons.First, as Disobedient Media previously reported, social media giants including Facebook and Twitter have heavily censored political content and independent media over the course of the last year. Youtube, and its owner, mega-company Google, have likewise strangled the reach of independent news sources and commentary.Youtube has severely demonetized...
  • Bitcoin Could Bounce Back Big-Time in 2018: Analyst

    02/18/2018 9:58:24 PM PST · by nickcarraway · 17 replies
    New York Post ^ | February 17, 2018 | Ed Zwirn
    Despite its price plunge, some diehard bitcoin aficionados still say the beleaguered cryptocurrency could hit six figures by year’s end. Tone Vays, a New York-based cryptocurrency analyst and blockchain consultant, has been among those arguing that the wild swings in bitcoin value since its debut in 2009 at less than a penny could mean that an even greater upswing may be possible this year. “Right now I think that bitcoin should still go down in price, but it will recover,” says Vays. “$100K this year is possible, but that’s very high. I put the current fair value at $25,000.”
  • Feds charge 24-year-old Chicago trader in first crypto-fraud case

    02/18/2018 2:30:52 PM PST · by bgill · 18 replies
    A 24-year-old trader who considered himself "invincible" according to federal investigators has become the first target of a criminal fraud prosecution involving "cryptocurrency," after allegedly siphoning $2 million in Bitcoin and Litecoin from his Chicago employer... Judge Martin asked the Korean-American defendant if he spoke English and understood the proceedings, which he did...As part of his $100,000 bond deal, Kim surrendered his passport...Prosecutors are expected to outline the charge that "from September through November 2017, Kim transferred more than $2 million of the trading firm's Bitcoin and Litecoin to personal accounts to cover his own trading losses, which had been...
  • Yacht company says they'll take bitcoin, other cryptocurrencies for payment (Florida)

    02/17/2018 4:40:19 PM PST · by goldendelicious · 7 replies
    CNBC ^ | 2-17-2018 | Chole Aiello
    First Malibu mansions, next ultra luxurious yachts. The ways in which cryptocurrency enthusiasts can spend their virtual riches is growing, if only for those who are millionaires — at least on paper. As bitcoin and other digital currencies gain a broader following, luxury service providers are starting to take notice. The latest is Florida-based yacht dealer Denison Yachting, which on Friday announced that new, high-end yachts can be purchased with bitcoin and a few other cryptocurrencies at the Miami International Boat Show, which kicked off this week. "It is our job as the dealer or broker to make purchases as...
  • Cryptocurrencies Don’t Make Sense

    02/14/2018 7:44:46 AM PST · by SeekAndFind · 103 replies
    Naked Capitalism ^ | 02/14/2018 | Jon Danielsson
    By Jon Danielsson, Director of the ESRC funded Systemic Risk Centre, London School of Economics. Originally published at VoxEUCryptocurrencies are supposedly a new and superior form of money and investments – the way of the future. The author of this column, however, does not see the point of cryptocurrencies, finding them no better than existing fiat money or good investments.I have been trying to understand what the point of cryptocurrencies is, without success. They may not be an immediate financial stability concern (den Haan et al. 2017), but I just don’t get them.As far as I can tell, they...
  • U.S., UK government websites infected with crypto-mining malware: report

    02/12/2018 7:05:29 AM PST · by BenLurkin · 3 replies
    Thousands of websites, including ones run by U.S. and UK government agencies, were infected for several hours on Sunday with code that causes web browsers to secretly mine digital currencies, technology news site The Register reported. More than 4,200 sites were infected with a malicious version of a widely used tool known as Browsealoud from British software maker Texthelp, which reads out webpages for people with vision problems...
  • Russian nuclear weapons engineers caught ­­­­minting blockchange with supercomputer

    02/09/2018 12:17:40 PM PST · by DUMBGRUNT · 12 replies
    Black newszone ^ | 9 Feb 2018
    The system—used for simulating weapons tests—was not supposed to be connected to Internet. The Institute is located in Sarov, a "closed" city east of Moscow where nuclear weapons research has been conducted since 1946. The facility is so secret that it was left off Soviet maps; Sarov is surrounded by fences and guarded by the Russian military accordingly. While the city is the home of Russia's Nuclear Weapons Museum, don't plan a visit anytime soon—access to Sarov is restricted, and no one who does not live in the city is allowed to visit without permission. Foreigners visiting on official business...
  • Russian nuclear scientists arrested for 'Bitcoin mining plot'

    02/09/2018 10:35:33 AM PST · by C19fan · 7 replies
    BBC ^ | February 9, 2018 | Staff
    Russian security officers have arrested several scientists working at a top-secret Russian nuclear warhead facility for allegedly mining crypto-currencies. The suspects had tried to use one of Russia's most powerful supercomputers to mine Bitcoins, media reports say. The Federal Nuclear Centre in Sarov, western Russia, is a restricted area.
  • Governments Hate Bitcoin and Cash for the Same Reason: They Protect People’s Privacy.

    02/07/2018 9:10:36 AM PST · by SeekAndFind · 14 replies
    Reason ^ | 02/07/2018 | J.D. Tuccille
    Publicly fretting about Bitcoin and other cryptocurrencies, last month, Treasury Secretary Steve Mnuchin assured an audience at the Economic Club of Washington that "one of the things we will be working very closely with the G-20 on is making sure that this doesn't become the Swiss numbered bank accounts." He specifically cited the difficulty cryptocurrencies pose to tracking transactions as a major concern. Soon afterward, India's finance minister, Arun Jaitley, sounded an even stronger note, saying, "The government does not consider crypto-currencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate...
  • Silk Road

    02/07/2018 6:26:29 AM PST · by Kaslin · 15 replies ^ | February 7, 2018 | John Stossel
    Ross Ulbricht was a quiet nerd -- an Eagle Scout who never cursed. Then he became a libertarian, and he decided, "I want to use economic theory as a means to abolish the use of coercion." By coercion, Ulbricht meant force. He viewed laws against drugs as coercion -- government force that stops people from living the way they want. So he created a website called Silk Road. Silk Road let people buy and sell contraband -- mostly drugs -- using bitcoin. The site became successful quickly. It soon carried a billion dollars in transactions. Because Silk Road didn't use...