Slashdot Mirror

Some dissatisfied Facebook engineers are reportedly attempting to switch divisions to work on Instagram or WhatsApp, rather than continue work on the platform responsible for the Cambridge Analytica scandal, according to a recent report from the New York Times. An anonymous reader writes: Many believe Facebook should have done more to handle the data responsibly, and the events that followed increased scrutiny against Facebook, reportedly taking a toll on employees working on the platform. Since the news came out, CEO Mark Zuckerberg and COO Sheryl Sandberg have spoken to the media on a few occasions, but it was days before the company commented on the scandal, which it now estimates around 87 million total users affected. Then, a leaked memo from Facebook executive Andrew Bosworth written in 2016 revealed a "growth at all costs" mentality that put Facebook in a position to be held responsible for the situation it's found itself in. As it became evident that Facebook's core product might be to blame, engineers working on it reportedly found it increasingly difficult to stand by what it built.

john of sparta shares a report from Business Insider (Warning: source may be paywalled; alternative source): Reports of a crackdown on cryptocurrency advertisements by tech giants such as Google and Facebook as well as regulatory uncertainty in Asia and the U.S. have weighed on the coin for much of March and April. The coin is down 50% since the beginning of the year. But investors appeared to be more bullish during Sunday's trade following reports that two Wall Street icons were looking to get into the market for cryptos. More notably, the investment fund founded by billionaire George Soros is preparing to dive into cryptocurrency trading, even though Soros himself previously described them as a "bubble." Adam Fisher, who oversees global macroeconomic investing for Soros Fund Management, has gained internal approval to invest in and trade cryptocurrencies, according to a Bloomberg News report. Also, Venrock -- a venture capital firm founded by descendants of famed capitalist John D. Rockefeller -- announced it was partnering with a cryptocurrency investment firm based in Brooklyn. Fortune first reported on the partnership.

john of sparta shares a report from Business Insider (Warning: source may be paywalled; alternative source): Reports of a crackdown on cryptocurrency advertisements by tech giants such as Google and Facebook as well as regulatory uncertainty in Asia and the U.S. have weighed on the coin for much of March and April. The coin is down 50% since the beginning of the year. But investors appeared to be more bullish during Sunday's trade following reports that two Wall Street icons were looking to get into the market for cryptos. More notably, the investment fund founded by billionaire George Soros is preparing to dive into cryptocurrency trading, even though Soros himself previously described them as a "bubble." Adam Fisher, who oversees global macroeconomic investing for Soros Fund Management, has gained internal approval to invest in and trade cryptocurrencies, according to a Bloomberg News report. Also, Venrock -- a venture capital firm founded by descendants of famed capitalist John D. Rockefeller -- announced it was partnering with a cryptocurrency investment firm based in Brooklyn. Fortune first reported on the partnership.

The dispute between Ethereum founder Vitalik Buterin and self-proclaimed "Bitcoin creator" Craig Wright is far from over. At the 2018 Deconomy conference, Buterin asked, "Given that he makes so many non sequiturs and mistakes, why is this fraud allowed to speak at this conference?" From the report: Audience members applauded him. The confrontation (video) happened during a question-and-answer session after a panel called "Bitcoin, Controversy over Principle" featuring Roger Ver and Samson Mow; Wright gave a talk just before the panel.

[...] Wright first shot to fame when stories from Gizmodo and Wired both identified him as the likely inventor of bitcoin. In May 2016, Wright published a blog post and spearheaded a media push in news outlets including the BBC, The Economist, and GQ in which he said he was, in fact, Satoshi Nakamoto. But the evidence in Wright's blog post made little sense on a technical, cryptographic level. Cryptography experts said at the time that it was nearly nonsensical.

Terry Myerson, Microsoft's executive vice president of Windows and a long-time leader at Microsoft, is leaving the company, the company said today. The news comes as part of a big reshuffling of the company's executive leadership. From a report: "His strong contributions to Microsoft over 21 years from leading Exchange to leading Windows 10 leave a real legacy. I want to thank Terry for his leadership on my team and across Microsoft," wrote Nadella in an e-mail to employees announcing the changes. As part of the reorganization, Rajesh Jha, the executive VP of Microsoft Office products, will be expanding his responsibilities to encompass Myerson's role when he leaves in "the coming months." Jha will become the leader of a group called "Experiences & Devices," bringing Windows and Office under a single banner. "The purpose of this team is to instill a unifying product ethos across our end-user experiences and devices," writes Nadella. "Computing experiences are evolving to include multiple senses and are no longer bound to one device at a time but increasingly spanning many as we move from home to work and on the go."

The small city of Elk Grove, California received more than 2,000 erroneous 911 calls from Apple devices at an Apple repair facility. The months-long issue is yet to be resolved. From a report: Between October 20, 2017 and February 23, 2018, the police department in Elk Grove, California received 2,028 calls on its 911 lines originating from the Apple facility -- an average of 16 calls per day. At one point in January, the calls from the Apple factory were so frequent that they tied up every single one of Elk Grove's six 911 lines, according to public documents reviewed by Business Insider. "They lit us up like a Christmas tree," one dispatcher wrote in in an email to other dispatchers. It was obvious to Elk Grove police that the 911 calls were not real emergencies, but rather, the equivalent of accidental "butt dials," mysteriously ringing the city's hotline on an assembly-line scale.

For whatever reason, many of the iPhones being repaired at the Apple facility were going rogue and dialing 911. But for city officials trying to stop the nuisance and to ensure that a critical emergency resource was not overburdened, fixing the problem has not been easy. Despite crediting Apple for being responsive to their pleas for help, Elk Grove officials have been frustrated by the company's inability to fix the problem. At one point, officials even discussed the possibility of getting the state government involved and sending police to the factory.

An anonymous reader quotes a report from Quartz: Zuckerberg should have heeded what he heard from the late Steve Jobs eight years ago. Then, when the social network had a measly half-billion users, Jobs spoke at The Wall Street Journal's AllThingsD conference, where Zuckerberg was in the audience, waiting to be interviewed himself, and described what privacy meant. Journalist Walt Mossberg asked Jobs his thoughts on recent privacy issues around Facebook (which at the time was revamping its privacy controls after criticism it was forcing people to share data) and Google (which was literally recording private wifi information), and whether Silicon Valley looks at privacy differently than the rest of the world.

"Silicon Valley is not monolithic," Jobs responded, "We've always had a very different view of privacy than some of our colleagues in the Valley." Apple, for instance, does not leave it up to developers to decide whether to be dutiful about warning users that their apps are tracking their location data, instead forcing pop-ups on users to alert them that an app is tracking them, and to turn off that ability if they don't want. "We do a lot of things like that, to ensure that people know what these apps are doing," he added. It's a stance his successor, Tim Cook, still holds. Mossberg then asked Jobs if that applied to Apple's own apps in the cloud. Here's what Jobs said: "Privacy means people know what they're signing up for, in plain English, and repeatedly. I'm an optimist; I believe people are smart, and some people want to share more data than other people do. Ask them. Ask them every time. Make them tell you to stop asking them if they get tired of your asking them. Let them know precisely what you're going to do with their data." If the company had been more forthright about how developers could take data shared with them by Facebook users and sold to third parties, it may not have been in the mess it's in today. Additionally, TechCrunch reports that Zuckerberg was warned about app permissions in 2011 by European privacy campaigner and lawyer Max Schrems. "In August 2011, Schrems filed a complaint with the Irish Data Protection Commission exactly flagging the app permissions data sinkhole (Ireland being the focal point for the complaint because that's where Facebook's European HQ is based)."

"[T]his means that not the data subject but 'friends' of the data subject are consenting to the use of personal data," wrote Schrems in the 2011 complaint, fleshing out consent concerns with Facebook's friends' data API. "Since an average facebook user has 130 friends, it is very likely that only one of the user's friends is installing some kind of spam or phishing application and is consenting to the use of all data of the data subject. There are many applications that do not need to access the users' friends personal data (e.g. games, quizzes, apps that only post things on the user's page) but Facebook Ireland does not offer a more limited level of access than 'all the basic information of all friends.'" [...] "The data subject is not given an unambiguous consent to the processing of personal data by applications (no opt-in). Even if a data subject is aware of this entire process, the data subject cannot foresee which application of which developer will be using which personal data in the future. Any form of consent can therefore never be specific," he added. It took Facebook from September 2012 until May 2014 and May 2015 to implement changes and tighten app permissions.

The way Facebook has disclosed the abuse of its system by Cambridge Analytica, which has been reported this week, speaks volumes of Facebook's core beliefs. Sample this except from Business Insider: Facebook executives waded into a firestorm of criticism on Saturday, after news reports revealed that a data firm with ties to the Trump campaign harvested private information from millions of Facebook users. Several executives took to Twitter to insist that the data leak was not technically a "breach." But critics were outraged by the response and accused the company of playing semantics and missing the point. Washington Post reporter Hamza Shaban: Facebook insists that the Cambridge Analytica debacle wasn't a data breach, but a "violation" by a third party app that abused user data. This offloading of responsibility says a lot about Facebook's approach to our privacy. Observer reporter Carole Cadwalladr, who broke the news about Cambridge Analytica: Yesterday Facebook threatened to sue us. Today we publish this. Meet the whistleblower blowing the lid off Facebook and Cambridge Analytica. [...] Facebook's chief strategy officer wading in. So, tell us @alexstamos (who expressed his displeasure with the use of "breach" in media reports) why didn't you inform users of this "non-breach" after The Guardian first reported the story in December 2015? Zeynep Tufekci: If your business is building a massive surveillance machinery, the data will eventually be used and misused. Hacked, breached, leaked, pilfered, conned, "targeted", "engaged", "profiled", sold.. There is no informed consent because it's not possible to reasonably inform or consent. [...] Facebook's defense that Cambridge Analytica harvesting of FB user data from millions is not technically a "breach" is a more profound and damning statement of what's wrong with Facebook's business model than a "breach." MIT Professor Dean Eckles: Definitely fascinating that Joseph Chancellor, who contributed to collection and contract-violating retention (?) of Facebook user data, now works for Facebook. Amir Efrati, a reporter at the Information: May seem like a small thing to non-reporters but Facebook loses credibility by issuing a Friday night press release to "front-run" publications that were set to publish negative articles about its platform. If you want us to become more suspicious, mission accomplished. Further reading: Facebook's latest privacy debacle stirs up more regulatory interest from lawmakers (TechCrunch).

CaptainDork writes: The city of Plattsburgh, New York is imposing an 18-month moratorium on commercial cryptocurrency mining. The official reasoning for the moratorium is to "protect and enhance the City's natural, historic, cultural and electrical resources." Plattsburgh residents have seen skyrocketing electrical bills -- as much as $100 to $200 increases -- as a result of commercial cryptomining operations that mine for cryptocurrencies like bitcoin, according to Plattsburgh Mayor Colin Read, who spoke with Motherboard. The city is taking action to protect its citizens from those rising electrical bills that the city of Plattsburgh says is caused by cryptomining operations.

It turns out that commercial cryptocurrency mining operations used up so much electricity that the city of Plattsburgh exceeded its allotted monthly budget of electricity. One single cryptocurrency mining operation called Coinmint used up around 10% of the city's allotted power supply alone in January and February, according to Motherboard. When its electrical budget was exceeded in January, the city had to buy electricity from the open market at a higher cost, which was distributed among its residents.

CaptainDork writes: The city of Plattsburgh, New York is imposing an 18-month moratorium on commercial cryptocurrency mining. The official reasoning for the moratorium is to "protect and enhance the City's natural, historic, cultural and electrical resources." Plattsburgh residents have seen skyrocketing electrical bills -- as much as $100 to $200 increases -- as a result of commercial cryptomining operations that mine for cryptocurrencies like bitcoin, according to Plattsburgh Mayor Colin Read, who spoke with Motherboard. The city is taking action to protect its citizens from those rising electrical bills that the city of Plattsburgh says is caused by cryptomining operations.

It turns out that commercial cryptocurrency mining operations used up so much electricity that the city of Plattsburgh exceeded its allotted monthly budget of electricity. One single cryptocurrency mining operation called Coinmint used up around 10% of the city's allotted power supply alone in January and February, according to Motherboard. When its electrical budget was exceeded in January, the city had to buy electricity from the open market at a higher cost, which was distributed among its residents.

The New York Times notes an important caveat to Florida's recently-approved law observing daylight savings time year-round: it specifies that their change will only go into effect if "the United States Congress amends 15 U.S.C. s. 260a to authorize states to observe daylight saving time year-round."

"In other words: Even if the governor signs the bill, nothing will happen now... States can choose to exempt themselves from daylight saving time -- Arizona and Hawaii do -- but nothing in federal law allows them to exempt themselves from standard time." Meanwhile one California legislator exploring the idea of year-round standard time discovered that "youth sports leagues and families worried that a year-round early sunset would shut down their kids' after-school games." But the Times also acknowledges problems in the current system. "In parts of Maine, for example, between Thanksgiving and Christmas, the sun sets before 4 p.m. -- more than an hour earlier than it does in Detroit, at the other end of the Eastern time zone." So is there a better alternative?

An anonymous reader quotes Business Insider: Standardtime.com has a unique suggestion. Their proposal has only two time zones in the continental U.S. that are two hours apart, which The Atlantic calls "a simple plan to fix [DST]"... Johns Hopkins University professors Richard Henry and Steven Hanke have come up with yet another possible fix: worldwide adoption of a single time zone. They argue that the internet has eliminated the need for discrete time zones across the globe, so we might as well just do away with them...

No plan will satisfy everyone. But that doesn't mean daylight-saving time is good. The absence of major energy-saving benefits from DST -- along with its death toll, health impacts, and economic ramifications -- are reason enough to get rid of the ritual altogether.
The article associates Daylight Saving Time with "a spike in heart attacks, increased numbers of work injuries, automobile accidents, suicides, and more." And in addition, it also blames DST for an increased use of gasoline and air conditioners -- adding that it will also "rob humanity of billions of hours of sleep like an evil spacetime vampire."

Uber booked more than half of the seats available for the London premiere of "Brilliant Jerks," a satirical play inspired by the car-ride startup's numerous scandals, and featuring a character similar to former CEO Travis Kalanick. From a report: The company purchased 50 of 90 available seats for the show's opening night at London's Vault theater, as originally reported by the Financial Times. The Financial Times reports that the play was inspired in part by the now-infamous blog post by Susan J. Fowler on Uber's toxic and sexist work culture, setting off a chain of events that ultimately led Kalanick to resign as chief executive of the company he cofounded. According to the Vault's website, "Brilliant Jerks tells the story of three people -- a driver, a coder, and a CEO -- working for one tech monolith, but living worlds apart."

Sega pulled the highly anticipated "Yakuza 6: The Song of Life" demo this week from the PlayStation Store after discovering some players had inadvertently gained access to the full game using the demo. From a report: This discovery came only hours after the demo was initially released for PlayStation 4. The Japanese video game company tweeted, "We are as upset as you are, and had hoped to have this demo available for everyone today. We discovered that some were able to use the demo to unlock the full game." [...] When the demo was initially released it required more than 36 GB of storage, to the surprise of many video game critics. Kotaku, an online entertainment publication, suggests that the demo was so large because it actually contained the entire game, but was supposed to restrict everything beyond the first few stages of the game.

Poland's central bank has been accused of hiring YouTubers to "start a smear campaign" against cryptocurrencies in the country, Business Insider reports. From the story: According to Business Insider Poland, the Narodowy Bank Polski spent around 91,000 zloty ($27,300) on a marketing campaign designed to attack the legitimacy of cryptocurrencies. The money was spent on platforms including Google and Facebook, but was also used to pay a Polish Youtube partner network called Gamellon. The Gamellon network reportedly represents many of Poland's top YouTubers, including popular prankster Marcin Dubiel. In December, Dubiel published a video titled "STRACILEM WSZYSTKIE PIENIADZE?!" -- which loosely translates as "I LOST ALL MY MONEY?!" In the satirical video, Dubiel invests all his money in a fake cryptocurrency called Dubielcoin, gets rich, but then sees its value plunge and loses everything. It has racked up over 500,000 views.

Business Insider: Under CEO Tim Cook's watch, Apple has sold hundreds of millions of iPhones, booked hundreds of billions of dollars in profit, and launched new products like AirPods and Apple Watch. In fact, Cook says, he's never had a bad year as CEO of Apple. "I've only had good years. No, seriously," he said in an interview with Fast Company. "Even when we were idling from a revenue point of view -- it was like $6 billion every year -- those were some incredibly good years because you could begin to feel the pipeline getting better, and you could see it internally. Externally, people couldn't see that," he continued.

An anonymous reader quotes a report from Business Insider: If you thought Netflix's movie selection had been lacking lately, you're right. The streaming service's amount of movies has dipped by over 2,000 titles since 2010, while its number of TV shows has nearly tripled. Third-party Netflix search engine Flixable compiled data that shows a dramatic shift in Netflix's priorities in recent years. In 2010, Netflix had 530 TV shows compared to 6,755 movies. Now, in 2018, the amount of TV shows has nearly tripled to 1,569, and the amount of movies offered has decreased to 4,010. It's no secret that Netflix has focused more on TV shows and less on movies in recent years, but now we have a visual representation of just how significant that focus has become.

Steve Kovach, writing for BusinessInsider: To corporate giants like Facebook, leaks to rivals or the media are a cardinal sin. That notion was clear in a new Wired story about Facebook's rocky time over the last two years. The story talks about how Facebook was able to find two leakers who told a Gizmodo reporter about its news operations. But one source for the Wired story highlighted just how concerned employees are about how their company goes after leakers. According to the story, the source, a current Facebook employee, asked a Wired reporter to turn off his phone so Facebook wouldn't be able to use location tracking and see that the two were close to each other for the meeting. The Wired's 11,000-word wide-ranging piece, for which it spoke with more than 50 current and former Facebook employees, gives us an inside look at how the company has been struggling to curb spread of fake news; battling internal discrimination among employees; and becoming furious when anything leaks to the media. Another excerpt from the story: The day after Fearnow (a contractor who leaked information to a Gizmodo reporter) took that second screenshot was a Friday. When he woke up after sleeping in, he noticed that he had about 30 meeting notifications from Facebook on his phone. When he replied to say it was his day off, he recalls, he was nonetheless asked to be available in 10 minutes. Soon he was on a video-conference with three Facebook employees, including Sonya Ahuja, the company's head of investigations. According to his recounting of the meeting, she asked him if he had been in touch with Nunez (the Gizmodo reporter, who eventually published this and this). He denied that he had been. Then she told him that she had their messages on Gchat, which Fearnow had assumed weren't accessible to Facebook. He was fired. "Please shut your laptop and don't reopen it," she instructed him.

An anonymous reader quotes a report from Business Insider: Governor Andrew Cuomo unveiled a plan earlier this month to develop $6 billion of offshore wind projects off the southern coast of Long Island by 2028 and predicted that the industry would bring 5,000 jobs to the state. The plan calls for developing 2.4 gigawatts -- enough to power 1.2 million homes -- by 2030. It's all part of New York's Clean Energy Standard, which requires 50% of the state's electricity come from renewable sources like solar and wind. The move comes as President Donald Trump earlier this month announced a five-year plan to open up areas of the East Coast to offshore drilling.

"While the federal government continues to turn its back on protecting natural resources and plots to open up our coastline to drilling, New York is doubling down on our commitment to renewable energy and the industries of tomorrow," Cuomo said in a statement. Cuomo has asked Secretary of the Interior Ryan Zinke for an exemption from the drilling plan, saying in an open letter that the plan "undermines New York's efforts to combat climate change by shifting from greenhouse gas emitting fossil energy sources to renewable sources, such as offshore wind." The report identifies a 1 million acre site approximately 20 miles south of Long Island that would best support the wind turbines, and "ensure that, for the vast majority of the time, turbines would have no discernible or visible impact from the casual viewer on the shore." The report also notes that New Jersey announced a similar plan last Wednesday to develop 3.5 gigawatts of offshore wind capacity off its coast.

SpaceX this week is preparing to launch Falcon Heavy, the biggest rocket in the company's history, for the first time. From a report: The 230-foot-tall three-booster launcher is scheduled to blast off Tuesday between 1:30 and 4:30 p.m. ET. SpaceX says Falcon Heavy is the most powerful rocket in the world. SpaceX's founder, Elon Musk, wanted this test launch to happen as early as 2013, though he recently said it could end in an explosion. Instead of putting a standard "mass simulator" or dummy payload atop Falcon Heavy, Musk -- who once launched a wheel of cheese into orbit -- will put his personal 2008 midnight-cherry-red Tesla Roadster on top of the monster rocket. In an Instagram post over the weekend, Musk also revealed that the car would carry a dummy driver, which Musk is calling "Starman," wearing a SpaceX space suit. "Test flights of new rockets usually contain mass simulators in the form of concrete or steel blocks. That seemed extremely boring," Musk said in an Instagram post in December, adding that the company "decided to send something unusual, something that made us feel." However, all rocket payloads need a permit from the Federal Aviation Administration to launch, and Musk's sleek electric car is no exception. The FAA granted SpaceX that permission on Friday in a staunchly formal notice, which Keith Cowing posted on NASA Watch.

In June last year, Apple announced the HomePod, its first smart-speaker which will battle Amazon's sleeper hit Echo speakers and Google's Home speakers. Apple being late to enter a product category is nothing new, but the HomePod has a few other strange things about it. Apple said it won't begin shipping the HomePod until December that year, in a departure of its own tradition. Then the device's shipment was delayed till "early 2018" -- February 9 is the current shipping date. Bloomberg has reported about the difficulties Apple engineers faced over the years to come up with the HomePod.

At any rate, Business Insider now has more information about the device, and is reporting the things that Apple's first smart-speaker won't be able to do. From the report (condensed): 1. HomePod can't pair with Android phones.
2. HomePod doesn't recognize different people's voices.
3. HomePod can't check your calendar.
4. HomePod doesn't work well with other streaming services besides Apple Music. (Spotify, Tindal, and Pandora users won't be able to use Siri.)
5. HomePod can't hook up to another device using an auxiliary cord.
6. HomePod can't make calls on its own. (In order to make a call using HomePod, you have to dial the person's number on your iPhone, then manually select that the call play through HomePod.)
7. The HomePod version of Siri isn't prepared to answer random questions like Alexa and Google Assistant.

Bill Gates, the billionaire co-founder of Microsoft, thinks that artificial intelligence will take over a lot of jobs and ultimately will be a good thing. From a report: In an interview, Gates said that robots taking over our jobs will make us more efficient, and lead to more free time. "Well, certainly we can look forward to the idea that vacations will be longer at some point," Gates told Fox Business. "If we can actually produce twice as much as we make today with less labor, the purpose of humanity is not just to sit behind a counter and sell things, you know?"

Intel plans to release chips that have built-in protections against the Spectre and Meltdown attacks later this year, company CEO Brian Krzanich said during company's quarterly earnings call this week. From a report: The company has "assigned some of our very best minds" to work on addressing the vulnerability that's exploited by those attacks, Krzanich said on a conference call following Intel's quarterly earnings announcement. That will result in "silicon-based" changes to the company's future chips, he said. "We've been working around clock" to address the vulnerability and attacks, Krzanich said. But, he added, "we're acutely aware we have more to do."

Can an iPad replace your computer? It has been the topic of debate for years, with plenty of people advising against it. Apple sure begs to differ. It has been running a commercial in which it predicts a world where a computer is extinct and a child with an iPad doesn't even know what the word "computer" means. Business Insider reports that plenty of people are finding that commercial annoying. From the report: "Does this commercial tick anybody else off?" writes one commenter on a snippet of the commercial that was posted to Facebook. "I want to smack this kid. What's a computer? You know what a computer is you disrespectful smarta--!!" Plenty of other social media posts, some with thousands of retweets, have made the same observation.

Steve Yegge, a longtime Google engineer who gained popularity after his rant on Google+ went viral, wrote another rant on Wednesday, in which he announced he has left Google. His rationale behind leaving Google, in his own words: The main reason I left Google is that they can no longer innovate. They've pretty much lost that ability. I believe there are several contributing factors, of which I'll list four here. First, they're conservative: They are so focused on protecting what they've got, that they fear risk-taking and real innovation. Gatekeeping and risk aversion at Google are the norm rather the exception. Second, they are mired in politics, which is sort of inevitable with a large enough organization; the only real alternative is a dictatorship, which has its own downsides. Third, Google is arrogant. It has taken me years to understand that a company full of humble individuals can still be an arrogant company. Google has the arrogance of the "we", not the "I". Fourth, last, and probably worst of all, Google has become 100% competitor-focused rather than customer focused. They've made a weak attempt to pivot from this, with their new internal slogan "Focus on the user and all else will follow." But unfortunately it's just lip service.

You can look at Google's entire portfolio of launches over the past decade, and trace nearly all of them to copying a competitor: Google+ (Facebook), Google Cloud (AWS), Google Home (Amazon Echo), Allo (WhatsApp), Android Instant Apps (Facebook, WeChat), Google Assistant (Apple/Siri), and on and on and on. They are stuck in me-too mode and have been for years. They simply don't have innovation in their DNA any more. And it's because their eyes are fixed on their competitors, not their customers.

"97% of all bitcoins are held by 4% of addresses," reports Credit Suisse (in an article cited by Slashdot reader CaptainDork). And elsewhere this week, Warren Buffett told CNBC that speculation in bitcoin and other cryptocurrencies "will have a bad ending," adding that looking out five years he'd gladly bet against all of the cryptocurrencies.

Meanwhile, CNBC senior analyst Ron Insana has his own skepticism: I am predisposed to view them as just speculative tokens in a cryptocurrency bubble that has inflated more quickly than any other in financial market history. Admittedly I'm green with envy for failing to foresee the explosive rally in the price of bitcoin when it was first brought to my attention several years ago. Having said that, there are many things I find quite ironic about how bitcoin and other "cryptos" are described. First, they are largely denominated, or discussed, in U.S. dollar terms... If the dollar is archaic, as the crypto-enthusiasts believe, why not speak only in crypto-terms...?

It's much easier to buy and sell dollars, stocks or commodities than it is to trade bitcoin and its brethren. The conversion of one crypto to another is relatively easy on these embryonic exchanges. But getting your digital wealth converted into cold hard cash is more problematic... And while the growth has been impressive, it remains very difficult to walk into any establishment and exchange a digital token for goods or services.
The article notes that the U.S. dollar still accounts for 65% of all global economic transactions, due to its status as the world's reserve currency, and concludes that "The adoption of cryptocurrencies as a global source of funds has a long way to go before staking a claim to the world's economy."

An anonymous reader quotes a report from Grub Street: Per Business Insider, Jack in the Box CEO Leonard Comma told an industry crowd that "it just makes sense" to swap cashiers for inanimate machines in the year 2018. Not because he thinks 2018 will be the year that fast food gets technologized so much as it's the year that Jack in the Box's home state of California increases the minimum wage to $11. In fact, wage bumps hit 18 states this year, with California on pace to become the first $15-wage state in coming years -- a prospect that terrifies industry executives. Jack in the Box has flirted with the idea of installing automated kiosks before. As early as 2009, it tested them out, and apparently found that they increase store efficiency and average check totals -- not bad at all if money's your bottom line. But according to Comma, the chain's executives balked because the upfront cost of converting from people to machines was still too great. What a difference a dollar an hour apparently makes: He told the crowd that with "the rising costs of labor," it's time to start thinking about automating restaurants.

New submitter Jose Deras writes: Nearly 35 years ago, Apple released its first computer with a graphical user interface, called the Lisa. Starting next year, the Computer History Museum will release the Apple Lisa OS for free as an open-source project. According to a new report from Business Insider, the Computer History Museum will release the code behind the Apple Lisa operating system for free as open source, for anyone to try and tinker with. The news was announced via the LisaList mailing list for Lisa enthusiasts.

"While Steve Jobs didn't create the Lisa, he was instrumental in its development. It was Jobs who convinced the legendary Xerox PARC lab to let the Apple Lisa team visit and play with its prototypes for graphical user interfaces," reads the report. "And while Apple at the time said that Lisa stood for 'Local Integrated System Architecture,' Jobs would later claim to biographer Walter Isaacson that the machine was actually named for his oldest daughter, Lisa Nicole Brennan-Jobs." "Then-Apple CEO John Sculley had Jobs removed from the Lisa project, which kicked off years-long animosity between the two," continues the report. "Ultimately, a boardroom brawl would result in Jobs quitting in a huff to start his own company, NeXT Computer. Apple would go on to buy NeXT in 1996, bringing Jobs back into the fold. By 1997, Jobs had become CEO of Apple, leading the company to its present status as the most valuable in the world."

schwit1 shares a report from Business Insider (alternative source): Russian Foreign Ministry spokeswoman Maria Zakharova on Tuesday accused the U.S. of a "direct interference in our electoral process and internal affairs" following the State Department's criticism of Russia's decision to bar opposition leader Alexey Navalny from running in the upcoming presidential election against Vladimir Putin. "This State Department statement, which I'm sure will be repeated, is a direct interference in our electoral process and internal affairs," Zakharova wrote Tuesday on Facebook. In a statement shared with Business Insider on Tuesday night, a State Department spokesperson expressed concern over the Russian government's "ongoing crackdown against independent voices, from journalists to civil society activists and opposition politicians." "These actions indicate the Russian government has failed to protect space in Russia for the exercise of human rights and fundamental freedoms," the statement said. "More broadly, we urge the government of Russia to hold genuine elections that are transparent, fair, and free and that guarantee the free expression of the will of the people, consistent with its international human rights obligations." Zakharova pushed back. "And these people expressed outrage over alleged Russian 'interference' in their electoral process for an entire year?!" she said.

"Pointing out that the Kremlin is interfering in its own election is not interference," adds schwit1.

Traveling the skies by jet lifts us far from the hustle and bustle of the world below. From a report: But many flyers don't know that soaring miles above Earth also takes us out of a vital protective cocoon -- and a little closer to a place where our cells can be pummeled by radiation from colliding stars, black holes, and more. You can't see these high-energy charged particles, but at any given moment, tens of thousands of them are soaring through space and slamming into Earth's atmosphere from all directions. Also called cosmic rays or cosmic ionizing radiation, the particles are the cores of atoms, such as iron and nickel, moving at nearly light-speed. They can travel for millions of years through space before randomly hitting Earth. These rays don't pose much of a risk to humans on Earth's surface, since the planet's atmosphere and magnetic field shield us from most of the threat.

An anonymous reader shares a report: Wearable technology still isn't catching up. Despite a year full of exciting new smartwatches, tech-enabled clothing or jewelry, and fitness activity trackers galore, the growth of the wearables market is still on the decline, according to a new report from research firm eMarketer. In fact, the entire category is being overtaken by smart speakers, at least during the 2017 holiday season. "Other than early adopters, consumers have yet to find a reason to justify the cost of a smartwatch, which can sometimes cost as much as a smartphone," eMarketer forecasting analyst Cindy Liu wrote in the report. "Instead, for this holiday season, we expect smart speakers to be the gift of choice for many tech enthusiasts, because of their lower price points."

Popular digital exchange Coinbase has announced support for Bitcoin Cash. "Bitcoin Cash was created by a fork on August 1st, 2017," a blog post reads. "All customers who held a Bitcoin balance on Coinbase at the time of the fork will now see an equal balance of Bitcoin Cash available in their Coinbase account. Your Bitcoin Cash balance will reflect your Bitcoin balance at the time of the Bitcoin Cash Fork, which occurred at 13:20 UTC, August 1, 2017."

The recent announcement has disrupted the markets. Bitcoin has dropped 12 percent, with the other two cryptocurrencies supported via Coinbase not faring too well either.

Update: Coinbase said Tuesday evening users wouldn't be able to buy and sell bitcoin cash four hours after it said trading of the cryptocurrency would be enabled on its platforms. Chief executive Brian Armstrong said the company is looking into whether employees tried to profit from advanced knowledge of the news.

An anonymous reader quotes a report from Quartz: San Francisco's Society for the Prevention of Cruelty to Animals (SPCA) has been ordered by the city to stop using a robot to patrol the sidewalks outside its office, the San Francisco Business Times reported Dec. 8. The robot, produced by Silicon Valley startup Knightscope, was used to ensure that homeless people didn't set up camps outside of the nonprofit's office. It autonomously patrols a set area using a combination of Lidar and other sensors, and can alert security services of potentially criminal activity.

In a particularly dystopian move, it seems that the San Francisco SPCA adorned the robot it was renting with stickers of cute kittens and puppies, according to Business Insider, as it was used to shoo away the homeless from near its office. San Francisco recently voted to cut down on the number of robots that roam the streets of the city, which has seen an influx of small delivery robots in recent years. The city said it would issue the SPCA a fine of $1,000 per day for illegally operating on a public right-of-way if it continued to use the security robot outside its premises, the San Francisco Business Times said.

An anonymous reader quotes a report from The Verge: It's well-established that talent is in short supply in the AI industry, but a new report from Chinese tech giant Tencent underscores how great the need might be. According to the study, compiled by the Tencent Research Institute, there are just 300,000 "AI researchers and practitioners" worldwide, but the "market demand" is for millions of roles. These are unavoidably speculative figures, and the study does not offer much detail on how they were reached, but as a general trend they fit with other, more anecdotal reports. Around the world, tech giants regularly complain about the difficulty hiring AI engineers, and the demand has pushed salaries to absurd heights. Individuals with just a few year's experience can expect base pay of between $300,000 and $500,000 a year, says The New York Times, while the very best will collect millions. One independent AI lab told the publication that there were only 10,000 individuals worldwide with the right skills to spearhead serious new AI projects.

Tencent's new "2017 Global AI Talent White Paper" suggests the bottleneck here is education. It estimates that 200,000 of the 300,000 active researchers are already employed in various industries (not just tech), while the remaining 100,000 are still studying. Attendance in machine learning and AI courses has skyrocketed in recent years, as has enrollment in online courses, but there is obviously a lag as individuals complete their education.

An anonymous reader shares a report from Business Insider: The FCC is planning to kill net neutrality -- and some tech companies are starting to speak out. Pro-net neutrality activists, who argue the principle creates a level playing-field online, are up in arms about the plan. And some tech companies are now speaking out in support of net neutrality as well, from Facebook to Netflix. Business Insider reached out to some of the biggest tech firms in America today to ask for their reaction to the FCC's plan. Their initial responses are below, and we will continue to update this post as more come in.
Facebook's vice-president of U.S. public policy, Erin Egan, said: "We are disappointed that the proposal announced today by the FCC fails to maintain the strong net neutrality protections that will ensure the internet remains open for everyone. We will work with all stakeholders committed to this principle."

Google spokesperson: "The FCC's net neutrality rules are working well for consumers and we're disappointed in the proposal announced today."

Netflix via a tweet: "Netflix supports strong #NetNeutrality. We oppose the FCC's proposal to roll back these core protections." [...] "We've been supporting for years thru IA and Day to Save Net Neutrality with a banner on Netflix homepage for all users. More info in Q4 2016 earnings letter, as well. This current draft order hasn't been officially voted, so we're lodging our opposition publicly and loudly now."

Reddit spokesperson: "Reddit is actively monitoring the FCC's proposed rule changes that could dismantle net neutrality as we know it. From farmers in South Dakota to musicians in Kentucky to small business owners in Utah, net neutrality is just as important to redditors as it is to Reddit and we will continue to advocate for and work constructively to maintain a free and open Internet. It is crucial to innovation and the health of our economy that small businesses have equal access to the internet, with winners and losers chosen by consumers, not ISPs."

The Internet Association, an industry body whose members include Amazon, Dropbox, Ebay, Facebook, Google, LinkedIn, Microsoft, Spotify, Uber, and others: "Chairman Pai's proposal, if implemented, represents the end of net neutrality as we know it and defies the will of millions of Americans who support the 2015 Open Internet Order. This proposal undoes nearly two decades of bipartisan agreement on baseline net neutrality principles that protect Americans' ability to access the entire internet. The 2015 Order created bright-line, enforceable net neutrality protections that guarantee consumers access to the entire internet and preserve competition online. This proposal fails to achieve any of these objectives. Consumers have little choice in their ISP, and service providers should not be allowed to use this gatekeeper position at the point of connection to discriminate against websites and apps. Internet Association and our members will continue our work to ensure net neutrality protections remain the law of the land."

According to a new survey from consulting firm Deloitte, consumers are uneasy about being watched, listened to, or tracked by devices they place in their homes. The firm found that consumer interest in connected home technology lags behind their interest in other types of IoT devices. Business Insider reports: "Consumers are more open to, and interested in, the connected world," the firm said in its report. Noting the concerns about smart home devices, it added: "But not all IoT is created equal." Nearly 40% of those who participated in the survey said they were concerned about connected-home devices tracking their usage. More than 40% said they were worried that such gadgets would expose too much about their daily lives. Meanwhile, the vast majority of consumers think gadget makers weren't doing a good job of telling them about security risks. Fewer than 20% of survey respondents said they were very well informed about such risks and almost 40% said they weren't informed at all.

Business Insider reports: Tesla has created a customized insurance package, InsureMyTesla, that is cheaper than traditional plans because it factors in the vehicles' Autopilot safety features and maintenance costs. InsureMyTesla has been available in 20 countries, but Tesla just recently partnered with Liberty Mutual to make the plan available in the U.S. InsureMyTesla shows how the insurance industry is bound for disruption as cars get safer with self-driving tech.
Electrek reports: There have been several false alarms over the past few years about Tesla building a factory in China. Earlier this year, Tesla finally confirmed working with the Shanghai government to establish a manufacturing facility in the region and promised an announcement by the end of the year. Now the Wall Street Journal reports that they have come to an agreement with the local authorities on a "wholly owned" factory in the region... China is already the biggest market for electric vehicles, or any vehicles for that matter, and Tesla profited from the demand by tripling its sales to over $1 billion in the country in 2016. Tesla continues to have strong sales in the country this year, where it leads foreign electric car sales with no close second.

Speaking at Oxford, Apple CEO Tim Cook shared a lesson learned from the "spectacular" commercial failure of the Power Mac G4 Cube in 2000 -- and from his mentor Steve Jobs. An anonymous reader quotes Business Insider: "It was a very important product for us, we put a lot of love into it, we put enormous engineering into it," Cook said of the G4 Cube on stage. He calls it an "engineering marvel." At the time, Cook was Apple Senior VP of Worldwide Operations, recruited personally by then-CEO Steve Jobs... While the design was a hit, it was $200 more expensive than the regular Power Mac G4, a more traditional-looking PC with very similar specs. And some Cubes would develop cosmetic cracks in the acrylic cube casing due to a manufacturing flaw. In his talk, Cook says that Apple knew the Cube was flopping "from the very first day, almost..."

Ultimately, Cook says, it was a lesson in humility and pride. Apple had told both employees and customers that the G4 Cube was the future. And yet, despite Apple's massive hype, demand just wasn't there, and the company had to walk away. "This was another thing that Steve [Jobs] taught me, actually," says Cook. "You've got to be willing to look yourself in the mirror and say I was wrong, it's not right." In a broader sense, Cook says that Jobs taught him the value of intellectual honesty -- that, no matter how much you care about something, you have to be willing to take new data and apply it to the situation.
He advised his audience to "be intellectually honest -- and have the courage to change."

And the article points out that today there's a small but enthusiastic community who are still hacking their Power Mac G4 Cubes.

An anonymous reader quotes Business Insider: Another investment bank analyst has signed on to the idea that the internet is holding down the rate of inflation. Bilal Hafeez, the global head of G10 FX strategy and head of EMEA research at Nomura, published two notes last month on whether the value of the dollar was being held down by Amazon and its ilk. In one note he called it "the Amazonization of inflation"... [O]nline commerce typified by Amazon is making the supply and distribution of goods so cheap that "Amazonisation" itself is now a deflationary force at a macro level, Hafeez argues. He writes: "While globalisation was the meme of the 2000s, this decade's has to be the 'Amazonisation' of commerce. Given the bulk of the cost of goods is distribution costs, Amazon's unique distribution model and widening range of products could impart a new disinflationary impulse on goods prices."

This idea is becoming more popular among analysts as the months roll by. Back in September 2016, we told you about the "Spotify problem," in an interview with HSBC's James Pomeroy. His theory is that the internet allows consumers to shop around and compare prices incredibly easily. It also substitutes cheap digital goods over more expensive physical ones. For instance, people stop paying £20 every month for a CD when they start paying £10 a month for endless music from Spotify. The result is that businesses are aggressively driving down their own prices because consumers simply won't go to the ones that charge more, and are no longer trapped into shopping in their own neighbourhoods. Sweden is so advanced as a digital economy that it may be importing its own deflation via digital shopping, Pomeroy argued.

Several readers share a report: Goldman Sachs is weighing a new trading operation dedicated to bitcoin and other digital currencies, the first blue-chip Wall Street firm preparing to deal directly in this burgeoning yet controversial market (Editor's note: the link from WSJ, which originally reported this development, could be paywalled; alternative source), according to people familiar with the matter. Goldman's effort is in its early stages and may not proceed, the people said. The firm's interest, though, could boost bitcoin's standing among investors and fuel the debate around digital currencies, which were initially viewed as havens for illicit activity but are pushing further into the mainstream investment world. China in recent weeks has banned exchanges that trade bitcoin, fearing the virtual currency could provide an avenue for capital flight. J.P. Morgan Chase & Co Chief Executive James Dimon, whose bank is the largest dealer in global currencies, last month called bitcoin a "fraud" and said he would fire any employee who traded it. Yet Japan's government has embraced bitcoin, creating regulations to legitimize its trading. India and Sweden have mused about creating their own virtual currencies, and the U.S. Federal Reserve has studied bitcoin and the technology underpinning it.

turkeydance quotes Business Insider: A Spanish company has designed a speed bump that won't hinder slow drivers but will still stop motorists driving too fast. The speed bump is filled with a non-Newtonian liquid which changes viscosity when pressure is applied at high velocity. They've been installed in Villanueva de Tapia, Spain and there has also been interest from Israel and Germany.
There's a video on the site showing the speed bump in action.

Whole Foods just got less expensive. From a report: On Monday, the day that Amazon's $13.7 billion acquisition of the grocer went through, prices on certain Whole Foods items immediately dropped. On Friday, Business Insider visited a Whole Foods location in the Gowanus neighborhood of Brooklyn, New York, and checked the prices on 15 items (including a few variations on similar items) mentioned by the companies. The total cost of the basket on Friday -- pre-acquisition -- was $97.76. On Monday, we returned to the Gowanus Whole Foods and checked back in on the same items. This time, the total cost of the 15 items was $75.85. That's a nearly 23% drop in the total cost. Whole Trade Banana: 30 cents (Price dropped to $0.49 a pound from $0.79). Lean Ground Beef: $2 (Price dropped to $4.99 a pound from $6.99). Local Grass-Fed 85% Lean Ground Beef: $4 (Price dropped to $6.99 a pound from $10.99). Four-pack of Organic Avocado: $0 (Price stayed at $6.99 for a pack of four). Hass Avocados: $1.01 (Price dropped to $1.49 each from $2.50) for instance.

An anonymous reader quotes the US Naval Institute News: Seventy-two years after two torpedoes fired from a Japanese submarine sunk cruiser USS Indianapolis (CA-35), the ship's wreckage was found resting on the seafloor on Saturday -- more than 18,000 feet below the Pacific Ocean's surface. Paul Allen, Microsoft co-founder and billionaire philanthropist, led a search team, assisted by historians from the Naval History and Heritage Command in Washington, D.C., to accomplish what past searches had failed to do -- find Indianapolis, considered the last great naval tragedy of World War II.

"To be able to honor the brave men of the USS Indianapolis and their families through the discovery of a ship that played such a significant role in ending World War II is truly humbling," said Allen in a statement provided to US Naval Institute News on Saturday... "I hope everyone connected to this historic ship will feel some measure of closure at this discovery so long in coming"... Allen's 13-person expedition team, on the R/V Petrel is in the process of surveying the full site and will conduct a live tour of the wreckage in the next few weeks. They are complying with U.S. law and respecting the sunken ship as a war grave, taking care not to disturb the site.
Paul Allen has shared some photos from the discovery on Twitter.

The ship had delivered components for the atomic bomb dropped on Hiroshima just four days before it was sunk. Only 317 of its 1,197-man crew survived, making it the worst at-sea disaster in the history of the U.S. Navy.

An anonymous reader shares a report: Multinational telecom operator Ericsson -- which carries 40% of the world's mobile traffic on its networks and is Sweden's second largest company by revenue -- reported another disappointing quarter last month. As response, the troubled company's new CEO Borje Ekholm announced costs cuts of 10 billion SEK ($1,25 bn) per year. He did not say how many jobs were at stake. Now insider sources have provided details to Svenska Dagbladet (SvD), indicating that Ericsson's restructuring will be more brutal than expected. The Swedish newspaper reports that there are advanced plans to cut Ericsson's operations by 80-90 percent in some markets, and centralize several European markets. However, the 14,000 employee-strong Swedish work force is to stay intact -- at least all R&D engineers. "Right now, Ericsson is hiring engineers to repair the damage that earlier saving packages caused. It's crucial that most of all the Swedish R&D department remains somewhat protected. They are the ones who will come up with the new solutions that will drive sales in the long term," said a person with insight into the process. According to internal sources, up to 25,000 people may be affected by the restructuring program. The Swedish company currently employs 109,000 people across 110 offices around the world.

Google has cancelled the domain registration for The Daily Stormer, the company confirmed to news outlet BusinessInsider. After GoDaddy kicked the neo-Nazi website off its service on Monday, a "whois" search for the domain had noted that the website had moved its domain registrar to Google. In a statement, Google said, "We are cancelling Daily Stormer's registration with Google Domains for violating our terms of service." Last week, The Daily Stormer posted an offensive article about Heather Heyer, a 32-year-old legal assistant, who was killed by a car that 20-year-old James Alex Fields Jr. drove into a group of protestors at the Unite the Right white supremacist rally in Charlottesville, Virginia on Saturday.

A message purportedly posted by hackers appeared on the Daily Stormer a few hours ago, The Guardian reported. Anonymous hacker group has taken credit for "hacking" the website, according to the message posted on the website, which adds that the editing rights of the website are now in the hands of Anonymous. It remains unclear, however, whether the site has actually been hacked.

Business Insider has explored what it calls the "least-secret secret" in the Valley -- "resters and vesters," or "coasters" referring to engineers who get paid big bucks without doing too much work, waiting for their stock to vest. From the report: Engineers can wind up in "rest and vest" jobs in a variety of ways. Manny Medina, the CEO of fast-growing Seattle startup Outreach, has been on all sides of it. He briefly was a coaster himself, and says he saw how Microsoft used it to great effect when he worked for the software giant. He has also tried to lure some "rest and vest" engineers to come work for him at his startup. Medina said he experienced the high-pay, no-work situation early in his career when he was a software engineer in grad school. He finished his project months early, and warned his company he would be leaving after graduation. They kept him on for the remaining months to train others on his software but didn't want him to start a new coding project. His job during those months involved hanging out at the office writing a little documentation and being available to answer questions, he recalls. "My days began at that point at 11 and I took long lunches," he laughs. "They didn't want you to build anything else, because anything you built would be maintained by someone else. But you have to stand by while they bring people up to speed." Years later, he landed at Microsoft and says he saw how Microsoft used high-paying jobs strategically, both within its engineering ranks and with its R&D unit, Microsoft Research. [...] "You keep engineering talent but also you prevent a competitor from having it and that's very valuable," he said. "It's a defensive measure." Another person confirmed the tactic, telling us, "That's Microsoft Research's whole model." At other companies it's less about defense and more about becoming indispensable. For instance, Facebook has a fairly hush bonus program called "discretionary equity" or "DE," said a former Facebook engineer who received it. "DE" is when the company hands an engineer a massive, extra chunk of restricted stock units, worth tens to hundreds of thousands of dollars. It's a thank you for a job well done. It also helps keep the person from jumping ship because DE vests over time. These are bonus grants that are signed by top execs, sometimes even CEO Mark Zuckerberg himself. "At Facebook the 'OGs' [Original Gangsters] we know got DE," this former Facebook engineer said. OGs refer to engineers who worked at the company before the IPO. "Their Facebook stock quadruples and they don't leave. They are really good engineers, really indispensable. And then they start to pull 9-5 days," this person said.

Google is talking to several publishers about a technology that's similar to Snapchat, according to a Friday report in The Wall Street Journal. From the report: The technology, dubbed "Stamp," could be revealed as soon as next week and contain content from Vox Media, CNN, Mic, the Washington Post and Time, the Journal reported. Stamp is a word play on Google's faster-loading "AMP" articles (the news stories that appear at the top of the page after a Google search), and the "st" in "stories." Snapchat's disappearing publisher content is in a section of the app called "Discover." The ephemeral feature of Snapchat is something Facebook has also mimicked with a feature called "Stories." The report comes on the heels of another report on Business Insider earlier this week which claimed that Google has been trying to acquire Snapchat for sometime. The company, according to a report, offered Snapchat $30 billion.

UK home secretary Amber Rudd has called on messaging apps like WhatsApp to ditch end-to-end encryption, arguing that it aids terrorists. From a report: The major technology companies must step up their fight against extremism or face new laws, the home secretary has told the BBC. Amber Rudd said technology companies were not doing enough to beat "the enemy" on the internet. Encryption tools used by messaging apps had become a "problem," she added. Ms Rudd is meeting with representatives from Google, Facebook, Twitter, Microsoft and others at a counter-terrorism forum in San Francisco. Tuesday's summit is the first gathering of the Global Internet Forum to Counter Terrorism, an organisation set up by the major companies in the wake of recent terror attacks. In a joint statement, the companies taking part said they were co-operating to "substantially disrupt terrorists' ability to use the internet in furthering their causes, while also respecting human rights." In an op-ed, she wrote Tuesday: Real people often prefer ease of use and a multitude of features to perfect, unbreakable security ... Who uses WhatsApp because it is end-to-end encrypted, rather than because it is an incredibly user-friendly and cheap way of staying in touch with friends and family? Companies are constantly making trade-offs between security and 'usability,' and it is here where our experts believe opportunities may lie.

schwit1 shares a report from Business Insider: On Tuesday, the Securities and Exchange Commission (SEC) said that "ICOs" (Initial Coin Offerings) can sometimes be considered securities -- and as such are subject to strict laws and regulations. For the uninitiated, ICOs are a fancy new way of fundraising enabled by digital currencies like Ethereum -- participants invest money and receive digital "tokens" in return. Thus far, it has been largely unregulated, with some ICO crowdfunding events raising hundreds of millions of dollars -- leading some observers to argue that it is a massive bubble. But the SEC's warning means that this free-for-all may not last forever.

"Going forward, according to the SEC, companies that are issuing tokens as part of an ICO (if they are considered securities) need to register with the commission," reports Motherboard. "This will force companies to comply with regulations that ask them to reveal their financial position and the identities of their management. The SEC also concluded that online exchanges where tokens are bought and traded may have to register as security exchanges."

schwit1 adds a quote from Benito Mussolini: "All within the state, nothing outside the state, nothing against the state."

Unemployment in Britain is now just 4.5 percent. There are only 1.49 million unemployed people in the UK, versus 32 million people with jobs. This is almost unheard of. Unemployment was most recently this low in December 1973, when the UK set an unrepeated record of just 3.4 percent. From a report: The problem with this record is that the statistical definition of "unemployment" relies on a fiction that economists tell themselves about the nature of work. As the rate gets lower and lower, it tests that lie. Because -- as anyone who has studied basic economics knows -- the official definition of unemployment disguises the true rate. In reality, about 21.5 percent of all working-age people (defined as ages 16 to 64) are without jobs, or 8.83 million people, according to the Office for National Statistics. That's more than four times the official number. For decades, economists have agreed on an artificial definition of what unemployment means. Their argument is that people who are taking time off, or have given up looking for work, or work at home to look after their family, don't count as part of the workforce.

randomErr writes from a report via Business Insider (alternate source): Ethereum, the rival to bitcoin, has been on a tear. Its founders said the latest trend in the cryptocurrency space may not be as good for the cryptocurrency as some might think. Ethereum is up 1,700% over the last year, and that spike has occurred in tandem with the growth of the hottest new trend in fundraising: initial coin offerings. Approximately $1.2 billion has been raised by the new cryptocurrency-based capital raising method this year, according to Autonomous Next, a financial technology analytics service. It is a trend that has sparked excitement across Wall Street. But the cofounder of the company behind the cryptocurrency, Charles Hoskinson, told Bloomberg that initial coin offerings may not benefit Ethereum. "People say ICOs are great for ethereum because, look at the price, but it's a ticking time-bomb," said Hoskinson. "There's an over-tokenization of things as companies are issuing tokens when the same tasks can be achieved with existing blockchains. People are blinded by fast and easy money."