... with a private sponsor in charge of the recently public company, the only thing that matters now is maximizing cash flows...
I'm going to assume the author meant "recently private company", and "maximizing revenue" as this would be the only way that sentence would make sense. Of course, even after the corrections, the author is still wrong. The major problem with public companies is that shareholders only care about relatively short term profits. This usually narrows the focus of any business to doing whatever makes this quarter better than last quarter. Being private is a huge advantage precisely because it allows you to look at the bigger picture beyond short term profits. Terrible summary.
This is the biggest problem I have with all those people who chant "who cares... I have nothing to hide". Sure maybe now you don't. But do you really want to give absolute power to a government entity and just hope they will always be your friend? It's a massive risk to take that is not worth the short term conveniences they're providing us. Wake up people.
I'm not sure why you'd have to be a bitcoin enthusiast and economics critic to cash out 0.136btc. You could download the Android wallet in about 20 seconds, give your address to the website to cash out, and you're done. The real problem for Linus is probably "why bother?". It's not like he can use bitcoin to pick up milk on the way home.
How do you regulate a world mining market? You can't.
I really don't understand what all the people arguing for bitcoin regulation are arguing for. How (and why would you) regulate a simple store of value or medium of trade? Should the UN start arresting people that mine in an "unapproved" way? Who decides what's approved and unapproved and who enforces it? At best you could regulate mining at a national level, and pools will just move to countries without regulation.
The only option for bitcoin is self-regulation, because that is how it's designed. That being said, a 51% double spending attack has always been a legitimate concern with the design of the bitcoin network. Methods have been created (such as proof of stake) in altcoins to potentially solve this problem but none of them have gained traction yet. Time will tell if a 51% attack will be a major problem for bitcoin; personally, I think it just may be.
However, bitcoin apponents should avoid getting idealistic about regulations and using such ideals to equate bitcoin to some libertarian agenda. Regulation isn't always a bad thing, but it is also not a perfect solution to all things. Government regulation relies entirely on an inheritant trust in the regulating body, which is starting to prove to be a massive risk.
Regulate bitcoin? My argument to that is both how? And why?
The summary of this press release seems to have a bit of an agenda. The release more importantly states:
We have put a plan in place to see that 51% of all hashing power, will not be
maintained by Ghash.IO by executing the following actions
- We will temporarily stop accepting new independent mining facilities to
the Ghash.IO pool.
- We will implement a feature, allowing CEX.IO users to mine bitcoins from
other pools. So when they purchase GH/s they can put it towards any pool
they choose.
So they are actively trying to prevent 51% monopolization of the network, not just asking us to trust them.
If you're really concerned you could use a distributed pool. Which is probably what everyone should be doing anyways.
Unfortunately, Canada is just as bad. This would be especially true if you were a US citizen. They claim to go through "great pains to anonymize domestic communications" (which is likely not true) making all foreign (ie. US) communications fair game.
Canada will also never refuse an extradition request to the US, or any of it's allies. A special circumstance is made for "political refugees" but I'd be completely surprised if some bullshit trumped up terrorism charges couldn't override that.
So, US companies need to look elsewhere to harbor their data. And I say this as a somewhat less-proud Canadian citizen than I was a decade ago.
The fact that the NSA is intercepting all foreign communications that go through the United States is only news for the naive. What is news, is that their influence is so absolute it threatens the integrity of the largest US corporations. Their corruption reaching to the absolute depths of products and standards pushed by NIST, RSA, Cisco, Microsoft, and google is astonishing.
As a Canadian IT professional this takes hosting anything in the US completely off the table. Furthermore, I'm actively looking to replace any Cisco hardware, Microsoft software, and really anything proprietary. My new philosophy is 'If I can't see the code, it's not secure'. Of course, this is going to be a massive challenge; especially since the corruption seems to reach all the way to the hardware firmware and driver level.
This is not only going to be a massive and unfortunate challenge for the international community, but a necessary one.
This is for advertising/data mining purposes only. It has nothing to do with the "maturity" of the Internet, and it's completely wrong.
Quite frankly you'd be silly to volunteer your identity in any public forum unless you're willing to deal with the consequences. And the consequences of being in the public spotlight are real and plenty.
If you're like me you're wondering exactly what the implications of this revelation are in the real world. This article and this discussion helped clear it up for me.
Thankfully, this PRNG likely isn't used in any implementation of OpenSSL. It also doesn't appear to be used, at least in newer versions, of Microsoft applications. It may be used in any older Java, and C applications though (especially those linking RSA's BSafe library).
If anyone has anymore information or clarification that would be great.
Snowden never approached any of multiple Inspectors General, supervisors, or Congressional oversight committee members about his concerns.
Ya, because he'd rather spend the rest of his life a fugitive, essentially exiled from his home country and family under fear of rotting in solitary confinement in a military prison without charge. He'd rather do this than simply follow the perfectly effective checks and balances this completely innocent organization is government by.
It looks like they didn't want to provide a BIOS bootable image at this time. Whether they will do that in the future, who knows.
Regardless, I'm sure there's already BIOS supported images out there as it's not difficult to make a usb drive bootable and install grub on it. You could even do it in Windows.
It's still better than iOS because you still have more choice. For instance, if you wish, you can run aosp without Google apps and only install other FOSS apps. It's what I do... mostly.
You don't need to regulate the production and control of the currency. The problem here is the banks holding the bitcoins in trust can't be... well... trusted. Do they need to be regulated? Probably. However, if your bitcoin wallet was at home hidden under your virtual mattress you're still fine. This is the same problem we currently have with traditional banks and traditional money. The only difference is federal governments, and private banks themselves, don't have the ability to manipulate bitcoins like they do with nationally backed fiat currencies.
This is all the entertainment industry needs to do. Get behind a financial sane method of delivering media, that's more convenient than pirating, and the "war" is over. Prohibition is never the answer, yet it always seems to be the first response.
True, I don't know the whole story and am just speculating. However, I do feel it is management's responsibility to ensure this sort of thing can't happen. I know Childs was management, but you need checks and balances at all levels. Is Childs an asshole? Yes. Did management fuck up, poorly plan, get egg all over their face, and try to use the courts to clean everything up? Probably. 4 years and 1.5 million still seems excessive.
Whatever happened to the right to remain silent? I honestly don't understand how a court can FORCE you to give up information you don't want to give up. This all seems a bit draconian.
I'm a senior sysadmin for a medium sized business and we are constantly employing third parties to audit our systems making sure that we have enough documentation that if I get hit by a bus someone else can come in and hit the ground running. This is pretty standard procedure.
It sounds like the employer fucked up and didn't take their IT seriously (a common problem). Sure this guy was a dick, but 4 years in prison? Give me a break. What is the world coming to?
Slashdot Mirror
... with a private sponsor in charge of the recently public company, the only thing that matters now is maximizing cash flows. ..
I'm going to assume the author meant "recently private company", and "maximizing revenue" as this would be the only way that sentence would make sense. Of course, even after the corrections, the author is still wrong. The major problem with public companies is that shareholders only care about relatively short term profits. This usually narrows the focus of any business to doing whatever makes this quarter better than last quarter. Being private is a huge advantage precisely because it allows you to look at the bigger picture beyond short term profits. Terrible summary.
Thank you! Vote this man up!
This is the biggest problem I have with all those people who chant "who cares... I have nothing to hide". Sure maybe now you don't. But do you really want to give absolute power to a government entity and just hope they will always be your friend? It's a massive risk to take that is not worth the short term conveniences they're providing us. Wake up people.
I'm not sure why you'd have to be a bitcoin enthusiast and economics critic to cash out 0.136btc. You could download the Android wallet in about 20 seconds, give your address to the website to cash out, and you're done. The real problem for Linus is probably "why bother?". It's not like he can use bitcoin to pick up milk on the way home.
Ancient Aliens... obviously.
How do you regulate a world mining market? You can't.
I really don't understand what all the people arguing for bitcoin regulation are arguing for. How (and why would you) regulate a simple store of value or medium of trade? Should the UN start arresting people that mine in an "unapproved" way? Who decides what's approved and unapproved and who enforces it? At best you could regulate mining at a national level, and pools will just move to countries without regulation.
The only option for bitcoin is self-regulation, because that is how it's designed. That being said, a 51% double spending attack has always been a legitimate concern with the design of the bitcoin network. Methods have been created (such as proof of stake) in altcoins to potentially solve this problem but none of them have gained traction yet. Time will tell if a 51% attack will be a major problem for bitcoin; personally, I think it just may be.
However, bitcoin apponents should avoid getting idealistic about regulations and using such ideals to equate bitcoin to some libertarian agenda. Regulation isn't always a bad thing, but it is also not a perfect solution to all things. Government regulation relies entirely on an inheritant trust in the regulating body, which is starting to prove to be a massive risk.
Regulate bitcoin? My argument to that is both how? And why?
We have put a plan in place to see that 51% of all hashing power, will not be maintained by Ghash.IO by executing the following actions
- We will temporarily stop accepting new independent mining facilities to the Ghash.IO pool.
- We will implement a feature, allowing CEX.IO users to mine bitcoins from other pools. So when they purchase GH/s they can put it towards any pool they choose.
So they are actively trying to prevent 51% monopolization of the network, not just asking us to trust them.
If you're really concerned you could use a distributed pool. Which is probably what everyone should be doing anyways.
It matters when the definition of 'crime' can be extended to doing something a powerful agency doesn't like.
Unfortunately, Canada is just as bad. This would be especially true if you were a US citizen. They claim to go through "great pains to anonymize domestic communications" (which is likely not true) making all foreign (ie. US) communications fair game.
Canada will also never refuse an extradition request to the US, or any of it's allies. A special circumstance is made for "political refugees" but I'd be completely surprised if some bullshit trumped up terrorism charges couldn't override that.
So, US companies need to look elsewhere to harbor their data. And I say this as a somewhat less-proud Canadian citizen than I was a decade ago.
This ISP is actually called "sky"? Do they not have the movie terminator in the UK? The irony...
Completely agree with this.
The fact that the NSA is intercepting all foreign communications that go through the United States is only news for the naive. What is news, is that their influence is so absolute it threatens the integrity of the largest US corporations. Their corruption reaching to the absolute depths of products and standards pushed by NIST, RSA, Cisco, Microsoft, and google is astonishing.
As a Canadian IT professional this takes hosting anything in the US completely off the table. Furthermore, I'm actively looking to replace any Cisco hardware, Microsoft software, and really anything proprietary. My new philosophy is 'If I can't see the code, it's not secure'. Of course, this is going to be a massive challenge; especially since the corruption seems to reach all the way to the hardware firmware and driver level.
This is not only going to be a massive and unfortunate challenge for the international community, but a necessary one.
This is for advertising/data mining purposes only. It has nothing to do with the "maturity" of the Internet, and it's completely wrong.
Quite frankly you'd be silly to volunteer your identity in any public forum unless you're willing to deal with the consequences. And the consequences of being in the public spotlight are real and plenty.
If you're like me you're wondering exactly what the implications of this revelation are in the real world. This article and this discussion helped clear it up for me.
Thankfully, this PRNG likely isn't used in any implementation of OpenSSL. It also doesn't appear to be used, at least in newer versions, of Microsoft applications. It may be used in any older Java, and C applications though (especially those linking RSA's BSafe library).
If anyone has anymore information or clarification that would be great.
My thoughts exactly. Could they even interpret drug or alcohol levels in your blood from saliva?
Why go through all the trouble just to know my wife asked me to pick up milk?
Snowden never approached any of multiple Inspectors General, supervisors, or Congressional oversight committee members about his concerns.
Ya, because he'd rather spend the rest of his life a fugitive, essentially exiled from his home country and family under fear of rotting in solitary confinement in a military prison without charge. He'd rather do this than simply follow the perfectly effective checks and balances this completely innocent organization is government by.
How stupid do they think we are?
It looks like they didn't want to provide a BIOS bootable image at this time. Whether they will do that in the future, who knows.
Regardless, I'm sure there's already BIOS supported images out there as it's not difficult to make a usb drive bootable and install grub on it. You could even do it in Windows.
It's still better than iOS because you still have more choice. For instance, if you wish, you can run aosp without Google apps and only install other FOSS apps. It's what I do... mostly.
Why does the world insist on using passwords when we have RSA?
When their website doesn't even properly display on my phone.
The Pi is ARM based. This is x86, and Arduino compatible.
You don't need to regulate the production and control of the currency. The problem here is the banks holding the bitcoins in trust can't be... well... trusted. Do they need to be regulated? Probably. However, if your bitcoin wallet was at home hidden under your virtual mattress you're still fine. This is the same problem we currently have with traditional banks and traditional money. The only difference is federal governments, and private banks themselves, don't have the ability to manipulate bitcoins like they do with nationally backed fiat currencies.
This is all the entertainment industry needs to do. Get behind a financial sane method of delivering media, that's more convenient than pirating, and the "war" is over. Prohibition is never the answer, yet it always seems to be the first response.
True, I don't know the whole story and am just speculating. However, I do feel it is management's responsibility to ensure this sort of thing can't happen. I know Childs was management, but you need checks and balances at all levels. Is Childs an asshole? Yes. Did management fuck up, poorly plan, get egg all over their face, and try to use the courts to clean everything up? Probably. 4 years and 1.5 million still seems excessive.
Whatever happened to the right to remain silent? I honestly don't understand how a court can FORCE you to give up information you don't want to give up. This all seems a bit draconian.
I'm a senior sysadmin for a medium sized business and we are constantly employing third parties to audit our systems making sure that we have enough documentation that if I get hit by a bus someone else can come in and hit the ground running. This is pretty standard procedure.
It sounds like the employer fucked up and didn't take their IT seriously (a common problem). Sure this guy was a dick, but 4 years in prison? Give me a break. What is the world coming to?
Maybe someone can examine the source code now and explain to me once and for all why Photoshop takes 30 minutes to install when gimp takes 30 seconds.