Bitcoins Make Bank Robbery Great Again
A bitcoin exchange in Hong Kong has been hit by hackers who stole $72 million worth of the cryptocurrency. Or at least, thats what it was worth when the theft took place; once news of the hack broke, the market for bitcoins slumped , meaning that the hackers haul is now valued somewhat lower. The market slumped, quite understandably, because this highlighted one of bitcoins major vulnerabilities. Not a software vulnerability, mind; the hackers didnt hack bitcoin itself, but the exchange. But nonetheless, it illustrates that bitcoins are comparatively profitable to steal. Bitcoin may revolutionize finance in any number of ways, but it is retro in one way: It has made bank robbery great again. Willie Sutton, when asked why he robbed banks, is supposed to have said, Because thats where the money is. That may have made sense in the early years of the 20th century, but in this day and age, robbing banks is a spectacularly bad way to get money. For hourly return on investment, popping chicken tenders into the deep fry at Popeyes is probably more lucrative. Setting aside the difficult of actually robbing a bank, let's say you succeed. What are you going to do with those suitcases full of cash? Someone who paid cash for an expensive purchase in 1900 would not have attracted undue attention. But if you walk into a BMW dealership with a suitcase full of bills today, you can be sure that the sales staff will be speculating about the source of your funds. And if the police ask politely, the dealership will hand over your name, along with a nice photocopy of your drivers license and car registration. After stealing the money from one bank, I suppose you could deposit it into another. But depositing large sums will attract the attention of the IRS, which will want to know where you Continue reading >>
Abs-cbn Corporation, Et Al. V. Movieonline.io, Et Al.
ABS-CBN Corporation, et al. v. Movieonline.io, et al. On September 18, 2017, in the United States District Court for the Southern District of Florida, ABS-CBN CORPORATION, a PhilippinesCorporation, ABS-CBN FILM PRODUCTIONS, INC., a Philippines Corporation, d/b/a STAR CINEMA, and ABS-CBN INTERNATIONAL, a California Corporation, filed a Complaint For Damages and Injunctive Relief. The filings and orders in this matter are available below. If you fail to respond to this complaint, judgment by default will be entered against you for the relief demanded in the complaint. To prevent this from happening you must file a response with the court clerk or administrator within 21 days of the date this message was posted. Your response must be in proper form and have proof of service on the plaintiffs' attorney, Stephen M. Gaffigan, P.A, 401 East Las Olas Boulevard, Suite 130-453, Ft. Lauderdale, Florida 33301. COMPLAINT FOR DAMAGES AND INJUNCTIVE RELIEF COMBINED EXHIBITS TO COMPLAINT FOR DAMAGES AND FOR INJUNCTIVE RELIEF REPORT ON THE FILING OR DETERMINATION OF AN ACTION REGARDING A PATENT OR TRADEMARK PLAINTIFFS CORPORATE DISCLOSURE STATEMENT PLAINTIFFS EX PARTE APPLICATION FOR ENTRY OF TEMPORARY RESTRAINING ORDER AND PRELIMINARY INJUNCTION AND MEMORANDUM OF LAW IN SUPPORT THEREOF DECLARATIONS IN SUPPORT OF PLAINTIFFS EX PARTE APPLICATION FOR ENTRY OF TEMPORARY RESTRAINING ORDER AND PRELIMINARY INJUNCTION AND MEMORANDUM OF LAW IN SUPPORT THEREOF [Proposed] ORDER GRANTING PLAINTIFFS EX PARTE APPLICATION FOR ENTRY OF TEMPORARY RESTRAINING ORDER AND SETTING HEARING ON MOTION FOR PRELIMINARY INJUNCTION CLERKS NOTICE REGARDING CORPORATE DISCLOSURE STATEMENT CLERK'S NOTICE OF COMPLIANCE REGARDING ORDER ON EX PARTE MOTION PLAINTIFFS NOTICE OF ENTRY OF INTERESTED PARTIES ORDER SETTING PR Continue reading >>
Bitcoin - Wikipedia
Unspent outputs of transactions denominated in any multiple of satoshis  :ch. 5 12.5 bitcoins per block (approximately every ten minutes) until mid 2020,  and then afterwards 6.25 bitcoins per block for 4 years until next halving. This halving continues until 2110–40, when 21 million bitcoins will have been issued. ^ The symbol was encoded in Unicode version 10.0 at position U+20BF ₿ BITCOIN SIGN in the Currency Symbols block in June 2017.  Bitcoin is a worldwide cryptocurrency and digital payment system  :3 called the first decentralized digital currency , as the system works without a central repository or single administrator.  :1  It was invented by an unknown person or group of people under the name Satoshi Nakamoto  and released as open-source software in 2009.  The system is peer-to-peer , and transactions take place between users directly, without an intermediary.  :4 These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain . Bitcoins are created as a reward for a process known as mining . They can be exchanged for other currencies,  products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.  Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.  The word bitcoin first occurred and was defined in the white paper  that was published on 31 October 2008.  It is a compound of the words bit and coin .  The white paper frequently uses the shorter coin.  There is no uniform convention for bitcoin capitalization. Some sources use Bitcoin, capitalized, to Continue reading >>
Bitcoins Creator Satoshi Nakamoto Is Probably This Unknown Australian Genius
Bitcoins Creator Satoshi Nakamoto Is Probably This Unknown Australian Genius Adam Voorhes | Gail Anderson + Joe Newton Even as his face towered 10 feet above the crowd at the Bitcoin Investors Conference in Las Vegas, Craig Steven Wright was, to most of the audience of crypto and finance geeks, a nobody. The 44-year-old Australian, Skyping into the D Hotel ballrooms screen, wore the bitcoin enthusiasts equivalent of camouflage: a black blazer and a tieless, rumpled shirt, his brown hair neatly parted. His name hadnt made the conferences list of featured speakers. Even the panels moderator, a bitcoin blogger named Michele Seven, seemed concerned the audience wouldnt know why he was there. Wright had hardly begun to introduce himself as a former academic who does research that no one ever hears about, when she interrupted him. Hold on a second, who are you? Seven cut in, laughing. Are you a computer scientist? Im a bit of everything, Wright responded. I have a masters in lawa masters in statistics, a couple doctorates How did you first learn about bitcoin? Seven interrupted again, as if still trying to clarify Wrights significance. Wright paused for three full seconds. Um. Ive been involved with all this for a long time, he stuttered. Itry and stayI keep my head down. Um He seemed to suppress a smile. The panels moderator moved on. And for what must have been the thousandth time in his last seven years of obscurity, Wright did not say the words WIREDs study of Wright over the past weeks suggests he may be dying to say out loud. I am Satoshi Nakamoto, the creator of bitcoin. Either Wright invented bitcoin, or hes a brilliant hoaxer who very badly wants us to believe he did. Since that pseudonymous figure first released bitcoins code on January 9th, 2009, Nakamotos ingenio Continue reading >>