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Quoted: “The Factom team suggested that its proposal could be leveraged to execute some of the crypto 2.0 functionalities that are beginning to take shape on the market today. These include creating trustless audit chains, property title chains, record keeping for sensitive personal, medical and corporate materials, and public accountability mechanisms.

During the AMA, the Factom president was asked how the technology could be leveraged to shape the average person’s daily life.”

Kirby responded:

“Factom creates permanent records that can’t be changed later. In a Factom world, there’s no more robo-signing scandals. In a Factom world, there are no more missing voting records. In a Factom world, you know where every dollar of government money was spent. Basically, the whole world is made up of record keeping and, as a consumer, you’re at the mercy of the fragmented systems that run these records.”

» Read the article here » http://www.coindesk.com/factom-white-paper-outlines-record-keeping-layer-bitcoin/

» Visit Factom here » http://www.factom.org/

Preamble: Bitcoin 1.0 is currency — the deployment of cryptocurrencies in applications related to cash such as currency transfer, remittance, and digital payment systems. Bitcoin 2.0 is contracts — the whole slate of economic, market, and financial applications using the blockchain that are more extensive than simple cash transactions like stocks, bonds, futures, loans, mortgages, titles, smart property, and smart contracts

Bitcoin 3.0 is blockchain applications beyond currency, finance, and markets, particularly in the areas of government, health, science, literacy, culture, and art.

Read the article here » http://ieet.org/index.php/IEET/more/swan20141110

My Brief Q&A session with Christoffer De Geer, about BitCoin, Cryptocurrency, and Blockchain Technology.

This Q&A was first published by Mr. Geir Solem, Director of Cryptor Trust Inc., on the Cryptor Primary Investor Blog (Date: October 31, 2014).

Quote: “BitCoin was the first small step in what I believe will be a truly transformational journey, for each and every one of us. In 10 Years Cryptocurrency and Blockchains have every chance to have the same, or greater, impact on our lives, society, and civiliation, as the creation of Email had to the Postal Service, and the Fax Machine as compared to the Internet; in 25 Years Monetary Systems, Systems of Trade and Exchange, Systems of Transaction of Goods, Ledger and Recordation Systems, Everything You Know – Will – Be – Different – and, Unrecognizable relative to what we know today at the end of the year 2014.”

See the Q&A article here » [Article: BitCoin, Cryptocurrency, and Blockchain Technology] Continue reading “BitCoin, Cryptocurrency, and Blockchain Technology — A Brief Q&A” | >

Julian Assange’s 2014 book When Google Met WikiLeaks consists of essays authored by Assange and, more significantly, the transcript of a discussion between Assange and Google’s Eric Schmidt and Jared Cohen.
As should be of greatest interest to technology enthusiasts, we revisit some of the uplifting ideas from Assange’s philosophy that I picked out from among the otherwise dystopian high-tech future predicted in Cypherpunks (2012). Assange sees the Internet as “transitioning from an apathetic communications medium into a demos – a people” defined by shared culture, values and aspirations (p. 10). This idea, in particular, I can identify with.
Assange’s description of how digital communication is “non-linear” and compromises traditional power relations is excellent. He notes that relations defined by physical resources and technology (unlike information), however, continue to be static (p. 67). I highlight this as important for the following reason. It profoundly strengthens the hypothesis that state power will also eventually recede and collapse in the physical world, with the spread of personal factories and personal enhancement technologies (analogous to personal computers) like 3-d printers and synthetic life-forms, as explained in my own techno-liberation thesis and in the work of theorists like Yannick Rumpala.
When Google Met Wikileaks tells, better than any other text, the story of the clash of philosophies between Google and WikiLeaks – despite Google’s Eric Schmidt assuring Assange that he is “sympathetic to you, obviously”. Specifically, Assange draws our attention to the worryingly close relationship between Google and the militarized US police state in the post-9/11 era. Fittingly, large portions of the book (p. 10–16, 205–220) are devoted to giving Assange’s account of the now exposed world-molesting US regime’s war on WikiLeaks and its cowardly attempts to stifle transparency and accountability.
The publication of When Google Met WikiLeaks is really a reaction to Google chairman Eric Schmidt’s 2013 book The New Digital Age (2013), co-authored with Google Ideas director Jared Cohen. Unfortunately, I have not studied that book, although I intend to pen a fitting enough review for it in due course to follow on from this review. It is safe to say that Assange’s own review in the New York Times in 2013 was quite crushing enough. However, nothing could be more devastating to its pro-US thesis than the revelations of widespread illegal domestic spying exposed by Edward Snowden, which shook the US and the entire world shortly after The New Digital Age’s very release.
Assange’s review of The New Digital Age is reprinted in his book (p. 53–60). In it, he describes how Schmidt and Cohen are in fact little better than State Department cronies (p. 22–25, 32, 37–42), who first met in Iraq and were “excited that consumer technology was transforming a society flattened by United States military occupation”. In turn, Assange’s review flattens both of these apologists and their feeble pretense to be liberating the world, tearing their book apart as a “love song” to a regime, which deliberately ignores the regime’s own disgraceful record of human rights abuses and tries to conflate US aggression with free market forces (p. 201–203).
Cohen and Schmidt, Assange tells us, are hypocrites, feigning concerns about authoritarian abuses that they secretly knew to be happening in their own country with Google’s full knowledge and collaboration, yet did nothing about (p. 58, 203). Assange describes the book, authored by Google’s best, as a shoddily researched, sycophantic dance of affection for US foreign policy, mocking the parade of praise it received from some of the greatest villains and war criminals still at large today, from Madeleine Albright to Tony Blair. The authors, Assange claims, are hardly sympathetic to the democratic internet, as they “insinuate that politically motivated direct action on the internet lies on the terrorist spectrum” (p. 200).
As with Cypherpunks, most of Assange’s book consists of a transcript based on a recording that can be found at WikiLeaks, and in drafting this review I listened to the recording rather than reading the transcript in the book. The conversation moves in what I thought to be three stages, the first addressing how WikiLeaks operates and the kind of politically beneficial journalism promoted by WikiLeaks. The second stage of the conversation addresses the good that WikiLeaks believes it has achieved politically, with Assange claiming credit for a series of events that led to the Arab Spring and key government resignations.
When we get to the third stage of the conversation, something of a clash becomes evident between the Google chairman and WikiLeaks editor-in-chief, as Schmidt and Cohen begin to posit hypothetical scenarios in which WikiLeaks could potentially cause harm. The disagreement evident in this part of the discussion is apparently shown in Schmidt and Cohen’s book: they alleged that “Assange, specifically” (or any other editor) lacks sufficient moral authority to decide what to publish. Instead, we find special pleading from Schmidt and Cohen for the state: while regime control over information in other countries is bad, US regime control over information is good (p. 196).
According to the special pleading of Google’s top executives, only one regime – the US government and its secret military courts – has sufficient moral authority to make decisions about whether a disclosure is harmful or not. Assange points out that Google’s brightest seem eager to avoid explaining why this one regime should have such privilege, and others should not. He writes that Schmidt and Cohen “will tell you that open-mindedness is a virtue, but all perspectives that challenge the exceptionalist drive at the heart of American foreign policy will remain invisible to them” (p. 35).
Assange makes a compelling argument that Google is not immune to the coercive power of the state in which it operates. We need to stop mindlessly chanting “Google is different. Google is visionary. Google is the future. Google is more than just a company. Google gives back to the community. Google is a force for good” (p. 36). It’s time to tell it how it is, and Assange knows just how to say it.
Google is becoming a force for bad, and is little different from any other massive corporation led by ageing cronies of the narrow-minded state that has perpetrated the worst outrages against the open and democratic internet. Google “Ideas” are myopic, close-minded, and nationalist (p. 26), and the corporate-state cronies who think them up have no intention to reduce the number of murdered journalists, torture chambers and rape rooms in the world or criticize the regime under which they live. Google’s politics are about keeping things exactly as they are, and there is nothing progressive about that vision.
To conclude with what was perhaps the strongest point in the book, Assange quotes NYT columnist Tom Friedman. We are warned by Friedman as early as 1999 that Silicon Valley is led less now by the mercurial “hidden hand” of the market than the “hidden fist” of the US state. Assange argues, further, that the close relations between Silicon Valley and the regime in Washington indicate Silicon Valley is now like a “velvet glove” on the “hidden fist” of the regime (p. 43). Similarly, Assange warns those of us of a libertarian persuasion that the danger posed by the state has two horns – one government, the other corporate – and that limiting our attacks to one of them means getting gored on the other. Despite its positive public image, Google’s (and possibly also Facebook’s) ties with the US state for the purpose of monitoring the US pubic deserve a strong public backlash.

by - c/net

Bitcoin, the best known form of virtual currency, faces numerous obstacles to widespread acceptance and adoption, but a new group called Coin Center has added a voice of support.

The organization is led by Jerry Brito, a law professor and a former research fellow at George Mason’s Mercatus Center. In an announcement made Thursday, Brito said Coin Center is a “new non-profit research and advocacy center focused on the public policy issues facing cryptocurrency technologies.” Bitcoin was the first and still the best known virtual currency or crytocurrency, which means that cryptography is used for its transactions and its creation.

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Hayley Tsukayama — WashingtonPost

United Way Worldwide announced Monday that it will begin taking donations in Bitcoin, the digital currency.

Bitcoin users can now use the currency for donations to the United Way’s Innovation Fund, a part of the United Way dedicated to updating the organization through “technology, relationships and efficiency.” Coinbase, one of the leading Bitcoin payment platforms, is partnering with the charity to let those interested donate directly from their digital Bitcoin wallets to the fund. According to a page on the United Way’s Web site, anyone from around the world can donate to the fund using Bitcoin.

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Caleb Chen — Cryptocoinsnews

bitcoin hacker blackmail

The Celebgate incident is still unfolding, and we are already seeing mainstream media report on the connection between the “nude celebrity photos” and Bitcoin. The original leaker of the pictures returned to 4chan recently to respond to the uproar he had caused. An excerpt from his post highlights Bitcoin’s involvement in Celebgate:

People wanted **** for free. Sure, I got $120 with my bitcoin address, but when you consider how much time was put into acquiring this stuff (i’m not the hacker, just a collector), and the money (i paid a lot via Bitcoin as well to get certain sets when this stuff was being privately traded Friday/Saturday) I really didn’t get close to what I was hoping.

The leaker used bitcoins to purchase the nude photos of 100+ celebrities from the hacker. The leaker went on to explain that as he was posting he started noticing tell-tale signs that his computer actions were being watched and tracked. He further claimed that his “ISP kept cutting out” and that there were “Weird emails coming in..” The FBI is currently investigating both the leaker and the hacker, whom might have used an iCloud exploit.

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| — Coindesk

knc cloud

KnCMiner has unveiled a new cloud-mining service, offering six-month contracts out of its Arctic bitcoin mine.

KnC Cloud, launched on 2nd September, leverages the company’s existing data center space in northern Sweden. The so-called Clear Sky mine boasts more than 7 petahashes per second in estimated mining power.

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(@danielcawrey) — Wired

US state flags

Given the recent critiques of New York and its proposed framework for bitcoin businesses, many of the law’s opponents are no doubt hoping the state and its regulators will alter the bill during its now extended comment period.

After all, New York’s BitLicense proposal, once approved, could prove influential at shaping wider US bitcoin regulation, a fact recently underscored by New York Department of Financial Services (NYDFS) superintendent Ben Lawsky in an interview with CoinDesk.

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— Coindesk
ghash
Since opening its doors on 3rd August of last year, major bitcoin mining pool operator GHash.io has generated nearly $250m in bitcoin, according to a new infographic released by the company.

The pool has produced 413,752.01889456 BTC since it first began hashing in 2013, an amount worth $248,251,211.33 according to the CoinDesk USD Bitcoin Price Index.

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