Slashdot Mirror

An anonymous reader writes Wired recounts the story of Hal Finney, one of the very first adopters of Bitcoin. Finney died earlier this year after a long fight with Lou Gehrig's disease. But for months before his death, he was a victim of constant harassment from somebody trying to extort his Bitcoins. He and his family faced a variety of threats, and had a SWAT team called on their residence. And it turns out Finney is not alone — other early adopters are being targeted with similar threats. "That's when someone using the names Nitrous and Savaged hacked into [early adopter Roger Ver's] email accounts and demanded that he cough up 37 bitcoins—about $20,000 at the time—in order to prevent his private information from being published online. Ver refused, and the hacker apparently backed off after Ver put a 37 bitcoin bounty on his head. Ver, who was himself sentenced to 10 months in federal prison for illegally shipping explosive across state lines, believes that Savaged is not only the same person who swatted Hal Finney, but also the person who gained access to Satoshi Nakamoto's email account earlier this year."

mpicpp writes with news that TripAdvisor, a travel website filled with user-generated reviews, has been hit with a €500,000 ($611,000) fine for "misleading customers" by failing to cull fake reviews from their list. "The regulator complained that people reading TripAdvisor Italy were unable to distinguish between genuine and fake reviews posted on the site. It said both were presented by TripAdvisor as 'authentic and genuine in nature.' Demanding payment of the fine within 30 days, the ICA also accused the travel company of failing to provide proper checks to weed out bogus postings."

mpicpp sends news that Uber is renewing its push for a patent on "surge pricing," the practice of increasing rider fees when many people are trying to find transportation. The system measures supply (Uber drivers) and demand (passengers hailing rides with smartphones), and prices fares accordingly. It’s one of at least 13 U.S. patent applications filed by Uber or its founders to give it an edge over potential rivals ahead of a potential initial public offering. So far, Uber hasn’t had any luck. Ten applications were initially rejected by the U.S. Patent and Trademark Office for “obviousness” or for covering something not eligible for protection.

Paul Fernhout writes: An article in the Harvard Business Review by William H. Davidow and Michael S. Malone suggests: "The "Second Economy" (the term used by economist Brian Arthur to describe the portion of the economy where computers transact business only with other computers) is upon us. It is, quite simply, the virtual economy, and one of its main byproducts is the replacement of workers with intelligent machines powered by sophisticated code. ... This is why we will soon be looking at hordes of citizens of zero economic value. Figuring out how to deal with the impacts of this development will be the greatest challenge facing free market economies in this century. ... Ultimately, we need a new, individualized, cultural, approach to the meaning of work and the purpose of life. Otherwise, people will find a solution — human beings always do — but it may not be the one for which we began this technological revolution."

This follows the recent Slashdot discussion of "Economists Say Newest AI Technology Destroys More Jobs Than It Creates" citing a NY Times article and other previous discussions like Humans Need Not Apply. What is most interesting to me about this HBR article is not the article itself so much as the fact that concerns about the economic implications of robotics, AI, and automation are now making it into the Harvard Business Review. These issues have been otherwise discussed by alternative economists for decades, such as in the Triple Revolution Memorandum from 1964 — even as those projections have been slow to play out, with automation's initial effect being more to hold down wages and concentrate wealth rather than to displace most workers. However, they may be reaching the point where these effects have become hard to deny despite going against mainstream theory which assumes infinite demand and broad distribution of purchasing power via wages.

As to possible solutions, there is a mention in the HBR article of using government planning by creating public works like infrastructure investments to help address the issue. There is no mention in the article of expanding the "basic income" of Social Security currently only received by older people in the U.S., expanding the gift economy as represented by GNU/Linux, or improving local subsistence production using, say, 3D printing and gardening robots like Dewey of "Silent Running." So, it seems like the mainstream economics profession is starting to accept the emerging reality of this increasingly urgent issue, but is still struggling to think outside an exchange-oriented box for socioeconomic solutions. A few years ago, I collected dozens of possible good and bad solutions related to this issue. Like Davidow and Malone, I'd agree that the particular mix we end up will be a reflection of our culture. Personally, I feel that if we are heading for a technological "singularity" of some sort, we would be better off improving various aspects of our society first, since our trajectory going out of any singularity may have a lot to do with our trajectory going into it.

cartechboy writes: Remember 18 months ago when Tesla promised it was going to launch battery-swap stations? Well, it's finally happening, sort of. It seems Tesla's about to announce a battery-swap pilot program that will launch next week. The swap site will be located across the street from a Tesla Supercharger site in Harris Ranch, California — 184 miles south of San Francisco and about 200 miles north of Los Angeles. The pilot program will involve an unspecified number of Model S electric-car owners, who will be invited to take part in the test. For now, the battery-swap service will be offered by appointment only, at a cost of roughly a tank of gas in a premium sedan. Tesla's using words to describe this pilot program like "exploratory work" and "intended to test technology and assess demand" for a swapping service. While originally pitched that the battery swap would take less time than it would to take to refill the gas tank of a comparable luxury sedan, the company says now that "for this specific iteration" the swap process will take "approximately 3 minutes" — though it adds Tesla has "the ability to improve that time with future iterations." Is this test going to show that battery swapping is or isn't a realistic initiative?

Jason Koebler writes: Tucows Inc., an internet company that's been around since the early 90s — it's generally known for being in the shareware business and for registering and selling premium domain names — announced that it's becoming an internet service provider. Tucows will offer fiber internet to customers in Charlottesville, Virginia — which is served by Comcast and CenturyLink — in early 2015 and eventually wants to expand to other markets all over the country. "Everyone who has built a well-run gigabit network has had demand exceeding their expectations," Elliot Noss, Tucows' CEO said. "We think there's space in the market for businesses like us and smaller."

SydShamino writes In an effort that may run afoul of the first amendment, Sony, through their lawyer David Boies (of SCO infamy), has sent a letter to major news organizations demanding that they refrain from downloading any leaked documents, and destroy those already possessed. Sony threatens legal action to news organizations that do not comply, saying that "Sony Pictures Entertainment will have no choice but to hold you responsible for any damage or loss arising from such use or dissemination by you."

angry tapir writes Microsoft plans to open-source the framework that helps developers of cloud services like those behind Halo 4. Project Orleans is a framework built by the eXtreme Computing Group at Microsoft Research using .NET, designed so developers who aren't distributed systems experts can build cloud services that scale to cope with high demand and still keep high performance. The Orleans framework was used to build several services on Azure, including services that are part of Halo 4. The code will be released under an MIT license on GitHub early next year.

An anonymous reader writes The WSJ reports that the revival of vinyl records, a several-year trend that many figured was a passing fad, has accelerated during 2014 with an astounding 49 percent sales increase over 2013 (line chart here). Some listeners think that vinyl reproduces sound better than digital, and some youngsters like the social experience of gathering around a turntable. The records are pressed at a handful of decades-old, labor-intensive factories that can't keep up with the demand; but since the increased sales still represent only about 2 percent of US music sales, there hasn't been a rush of capital investment to open new plants. Raw vinyl must now be imported to America from countries such as Thailand, since the last US supplier closed shop years ago. Meanwhile, an industry pro offers his take on the endless debate of audio differences between analog records and digital formats; it turns out there were reasons for limiting playing time on each side back in the day, apart from bands not having enough decent material.

New submitter MRothenberg writes: Just in time for the holidays, the UK's postal service is testing out a 3D printing service at its central London delivery center. Customers can order "ready-to-print" objects (including shoes, soap dishes and phone cases) or bring in their own originals to duplicate and send via Royal Mail. The postal company's COO predicts consumer demand for 3D printing will grow 95 percent by 2017.

Paul Fernhout writes: Nick Hanauer is a billionaire who made his fortune as one of the original investors in Amazon. He suggests President Obama should restore U.S. overtime regulations to how they worked in the 1970s to boost the economy. Quoted by PBS NewsHour: "In 1975, more than 65 percent of salaried American workers earned time-and-a-half pay for every hour worked over 40 hours a week. Not because capitalists back then were more generous, but because it was the law. It still is the law, except that the value of the threshold for overtime pay — the salary level at which employers are required to pay overtime — has been allowed to erode to less than the poverty line for a family of four today. Only workers earning an annual income of under $23,660 qualify for mandatory overtime.

Many millions of Americans are currently exempt from the overtime rules — teachers, federal employees, doctors, computer professionals, etc. — and corporate leaders are lobbying hard to expand "computer professional" to mean just about anybody who uses a computer. Which is almost everybody. But were the Labor Department instead to narrow these exemptions, millions more Americans would receive the overtime pay they deserve. ... The twisted irony is, when you work more hours for less pay, you hurt not only yourself, you hurt the real economy by depressing wages, increasing unemployment and reducing demand and innovation. Ironically, when you earn less, and unemployment is high, it even hurts capitalists like me." If overtime pay is generally good for the economy, should most IT professionals really be exempt from overtime regulations?

MojoKid writes "There's no such thing as an official Grand Theft Auto game until there's been a bit of controversy leading to its removal from at least one set of store shelves. It's a right of passage for the GTA series, if you will, and GTA V just earned its place among the franchise's previous titles by ruffling feathers in Australia, leading to its ousting from Target stores. At issue this time around is the "game's depictions of violence against women." Jim Cooper, general manager of corporate affairs for Target, explained that customers have voiced a "significant level of concern about the game's content." Separate reports say Target Australia received a petition with nearly 40,000 signatures demanding the game be removed. According to the petition, the game gives players plenty of "incentive is to commit sexual violence against women, then abuse or kill them to proceed or get 'health' points."

An anonymous reader writes A client who was dissatisfied with the service of an immigration company in Canada took her grievances online, upon which she was sued for defamation and libel by the owner of the company. A Canadian superior court has tossed out the lawsuit with the note: "One may be dissatisfied with the quality or efficiency of services but expressing one's dissatisfaction is not equivalent to defamation." The court noted: "This demand is grossly exaggerated. It flirts with frivolity and abuse within the meaning given to these words in Article 54.1 C.C.P."

HughPickens.com writes In the U.S., a new solar project is installed every 3.2 minutes and the number of cumulative installations now stands at more than 500,000. For years, homeowners who bought solar panels were advised to mount them on the roof facing south to capture the most solar energy over the course of the day. Now Matthew L. Wald writes in the NYT that panels should be pointed west so that peak power comes in the afternoon when the electricity is more valuable. In late afternoon, homeowners are more likely to watch TV, turn on the lights or run the dishwasher. Electricity prices are also higher at that period of peak demand. "The predominance of south-facing panels may reflect a severe misalignment in energy supply and demand," say the authors of the study, Barry Fischer and Ben Harack. Pointing panels to the west means that in the hour beginning at 5 p.m., they produce 55 percent of their peak output. But point them to the south to maximize total output, and when the electric grid needs it most, they are producing only 15 percent of peak. While some solar panel owners are paid time-of-use rates and are compensated by the utility in proportion to prices on the wholesale electric grid, many panel owners cannot take advantage of the higher value of electricity at peak hours because they are paid a flat rate, so the payment system creates an incentive for the homeowner to do the wrong thing. The California Energy Commission recently announced a bonus of up to $500 for new installations that point west. "We are hoping to squeeze more energy out of the afternoon daylight hours when electricity demand is highest," says David Hochschild, lead commissioner for the agency's renewable energy division, which will be administering the program. "By encouraging west-facing solar systems, we can better match our renewable supply with energy demand."

An anonymous reader writes: Scientific journal publishers have been under pressure recently by both scientists and the public to relax their restrictive rules on the sharing of information. Now, Macmillan has announced that its Nature Publishing Group will make all research papers free to read. This will require the use of proprietary viewing software, but it's a step in the right direction. "Initial reactions to the policy have been mixed. Some note that it is far from allowing full open access to papers. "To me, this smacks of public relations, not open access," says John Wilbanks, a strong advocate of open-access publishing in science and a senior fellow at the Ewing Marion Kauffman Foundation in Kansas City, Missouri. 'With access mandates on the march around the world, this appears to be more about getting ahead of the coming reality in scientific publishing. Now that the funders call the tune and the funders want the articles on the web at no charge, these articles are going to be open anyway,' he says. But Peter Suber, director of the Office for Scholarly Communication at Harvard University in Cambridge, Massachusetts, says that the program is a step forward in that it eliminates the six-month embargo that NPG demands for free archiving of manuscripts."

An anonymous reader writes "All my friends seem to be moving towards a managerial role, and I'm concerned about my increasing age in a business where, according to some, 30 might as well be 50. But I still feel young, and feel like I have so much to learn. So many interesting technical challenges cross my path, as I manage to move towards larger and more complex projects. I am in higher demand than ever, often with multiple headhunters contacting me in the same day. But will it last? Is age discrimination a myth? Are there statistics on how many IT people move into management? I know some older programmers who got bored with management and successfully resumed a tech-only career. Others started their own small business. What has been your experience? Do you/have you assumed a managerial role? Did you enjoy it? Have you managed to stay current and marketable long after 35?"

itwbennett writes: In a post last week, Quartz ranked the most valuable programming skills, based on job listing data from Burning Glass and the Brookings Institution. Ruby on Rails came out on top, with an average salary of $109,460. And that may have been true in the first quarter of 2013 when the data was collected, but "before you run out and buy Ruby on Rails for Dummies, you might want to consider some other data which indicate that Rails (and Ruby) usage is not trending upwards," writes Phil Johnson. He looked at recent trends in the usage of Ruby (as a proxy for Rails usage) across MS Gooroo, the TIOBE index, the PYPL index, Redmonk's language rankings, and GitHut and found that "demand by U.S. employers for engineers with Rails skills has been on the decline, at least for the last year."

An anonymous reader writes with this snippet from The Guardian: "Internet companies are allowing their networks to be used to plot "murder and mayhem", David Cameron has said in response to the official inquiry into the intelligence agencies' actions ahead of the killing of Lee Rigby. He demanded that internet companies live up to their social responsibilities to report potential terror threats and said there was no reason for such firms to be willing to cooperate with state agencies over child abuse but not over combatting terrorism. His comments to the House of Commons came after the parliamentary intelligence and security committee concluded that the brutal murder of Rigby could have been prevented if an internet company had passed on an online exchange in which one of the killers expressed "in the most graphic terms" his intention to carry out an Islamist jihadi attack.

MojoKid writes: It appears that Sony Pictures has become the victim of a massive ransomware hack, which has resulted in the company basically shutting down its IT infrastructure. According to an unnamed source, every computer in Sony's New York Office, and every Sony Pictures office across the nation, bears an image from the hacker with the headline "Hacked By #GOP" which is then followed by a warning. The hacker, or group, claims to have obtained corporate secrets and has threatened to reveal those secrets if Sony doesn't meet their demands.

An anonymous reader sends word that the 2014 wireless spectrum license auction has surpassed $34 billion. "A government auction of airwaves for use in mobile broadband has blown through presale estimates, becoming the biggest auction in the Federal Communications Commission's history and signaling that wireless companies expect demand for Internet access by smartphones to continue to soar. And it's not over yet. Companies bid more than $34 billion as of Friday afternoon for six blocks of airwaves, totaling 65 megahertz of the electromagnetic spectrum, being sold by the F.C.C. That total is more than three times the $10.5 billion reserve price that the commission put on the sale, the first offering of previously unavailable airwaves in six years."