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Luís F. Simões

Bitcoin P2P Currency: The Most Dangerous Project We've Ever Seen - 10 views

  • After month of research and discovery, we’ve learned the following:1. Bitcoin is a technologically sound project.2. Bitcoin is unstoppable without end-user prosecution.3. Bitcoin is the most dangerous open-source project ever created.4. Bitcoin may be the most dangerous technological project since the internet itself.5. Bitcoin is a political statement by technotarians (technological libertarians).*6. Bitcoins will change the world unless governments ban them with harsh penalties.
  • The benefits of a currency like this:a) Your coins can’t be frozen (like a Paypal account can be)b) Your coins can’t be trackedc) Your coins can’t be taxedd) Transaction costs are extremely low (sorry credit card companies)
  • An individual with the name -- or perhaps handle -- of Satoshi Nakamoto first wrote about bitcoins in a paper called Bitcoin: A Peer-to-Peer Electronic Cash System.
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  • * We made this term up to describe the “good people” of the internet who believe in the fundamental rights of individuals to be free, have free speech, fight hypocrisy and stand behind logic, technology and science over religion, political structure and tradition. These are the people who build and support things like Wikileaks, Anonymous, Linux and Wikipedia. They think that people can, and should, govern themselves. They are against external forms of control such as DRM, laws that are bought and sold by lobbyists, and religions like Scientology. They include splinter groups that enforce these ideals in the form of hacktivism, such as the takedown of the Sony Playstation Network after Sony tried to prosecute a hacker for unlocking its console.
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    Sounds good!
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    wow it's frigthening! it's the dream of every anarchist, every drug, arm, human dealer! the world made as a global fiscal paradise... the idea is clever however it will not replace real money because 1 - no one will build a fortune on bitcoin if a technological breakthrough can ruin them 2 - government never allowed parallel money to flourish on their territory, so it will be almost impossible to change bitcoin against euros or dollars
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    interesting stuff anyone read cryptonomicon by neal stephenson? similar theme.
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    :) yes. One of the comments on reddit was precisely drawing the parallels with Neal Stephenson's Snowcrash / Diamond Age / Cryptonomicon. Interesting stuff indeed. It has a lot of potential for misuse, but also opens up new possibilities. We've discussed recently how emerging technologies will drive social change. Whether it's the likes of NSA / CIA who will benefit the most from the Twitters, Facebooks and so on, by gaining greater power for control, or whether individuals are being empowered to at least an identical degree. We saw last year VISA / PayPal censoring WikiLeaks... Well, here's a way for any individual to support such an organization, in a fully anonymous and uncontrollable way...
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    One of my colleagues has made a nice, short write-up about BitCoin: http://www.pds.ewi.tudelft.nl/~victor/bitcoin.html
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    very nice analysis indeed - thanks Tamas for sharing it!
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    mmm I'm not an expert but it seemed to me that, even if these criticisms are true, there is one fundamental difference between the money you exchange on internet via your bank, and bitcoins. The first one is virtual money and the second one aims at being real, physical, money, even if digital, in the same way as banknotes, coins, or gold.
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    An algorithm wanna-be central bank issuing untraceable tax free money between internet users? not more likely than the end of the world supposed to take place tomorrow, in my opinion. Algorithms don't usually assault women though !:P
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    well, most money is anyway just virtual and only based on expectations and trust ... (see e.g. http://en.wikipedia.org/wiki/Money_supply) and thus if people trust that this "money" has some value in the sense that they can get something of value to them in exchange, then not much more is needed it seems to me ...
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    @Leopold: ok let's use the rigth words then. Bitcoin aim at being a currency ("physical objects generally accepted as a medium of exchange" from wikipedia), different than the "demand deposit". In the article proposed by Tamas he compares what cannot be compared (currencies, demand deposits and their mean of exchange). The interesting question is wether one can create a digital currency which is too difficult to counterfeit. As far as I know, there is no existing digital currency except this bitcoins (and maybe the currencies from games as second life and others, but which are of limited use in real world).
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    well of course money is trust, and even more loans and credit and even more stock and bond markets. It all represents trust and expectations. However since the first banks 500 years ago and the first loans etc. etc., and as well the fact that bonds and currencies bring down whole countries (Greece lately), and are mainly controlled by large financial centres and (central) banks, banks have always been on the winning side no matter what and that isn't going to change easily. So if you are talking about these new currencies it would be a new era, not just a new currency. So should Greece convert its debt to bitcoins ;P ?
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    well, from 1936 to 1993 the central bank of france was owned by the state and was supposed to serve the general interest...
Francesco Biscani

T-Mobile Sidekick Disaster: Danger's Servers Crashed, And They Don't Have A Backup - 0 views

  • The fact that T-Mobile and/or Microsoft Danger don’t have a redundant backup is simply inexcusable, especially given the fact that the Sidekick is totally reliant on the cloud because it doesn’t store its data locally.
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    Some foreseen dangers of cloud computing become reality...
Tom Gheysens

Dangers of ... sitting? Regardless of exercise, too much sedentary time is linked to ma... - 3 views

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    looks like Johannes was right from the start.....
LeopoldS

David Miranda, schedule 7 and the danger that all reporters now face | Alan Rusbridger ... - 0 views

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    During one of these meetings I asked directly whether the government would move to close down the Guardian's reporting through a legal route - by going to court to force the surrender of the material on which we were working. The official confirmed that, in the absence of handover or destruction, this was indeed the government's intention. Prior restraint, near impossible in the US, was now explicitly and imminently on the table in the UK. But my experience over WikiLeaks - the thumb drive and the first amendment - had already prepared me for this moment. I explained to the man from Whitehall about the nature of international collaborations and the way in which, these days, media organisations could take advantage of the most permissive legal environments. Bluntly, we did not have to do our reporting from London. Already most of the NSA stories were being reported and edited out of New York. And had it occurred to him that Greenwald lived in Brazil?

    The man was unmoved. And so one of the more bizarre moments in the Guardian's long history occurred - with two GCHQ security experts overseeing the destruction of hard drives in the Guardian's basement just to make sure there was nothing in the mangled bits of metal which could possibly be of any interest to passing Chinese agents. "We can call off the black helicopters," joked one as we swept up the remains of a MacBook Pro.

    Whitehall was satisfied, but it felt like a peculiarly pointless piece of symbolism that understood nothing about the digital age. We will continue to do patient, painstaking reporting on the Snowden documents, we just won't do it in London. The seizure of Miranda's laptop, phones, hard drives and camera will similarly have no effect on Greenwald's work.

    The state that is building such a formidable apparatus of surveillance will do its best to prevent journalists from reporting on it. Most journalists can see that. But I wonder how many have truly understood
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    Sarah Harrison is a lawyer that has been staying with Snowden in Hong Kong and Moscow. She is a UK citizen and her family is there. After the miranda case where the boyfriend of the reporter was detained at the airport, can Sarah return safely home? Will her family be pressured by the secret service? http://www.bbc.co.uk/news/world-latin-america-23759834
Ma Ru

Centuries-old Spanish tradition in danger - 3 views

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    It starts to look more and more seriously... and ACT still haven't done anything to save it!
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    Siesta championship!! At least it's less dangerous than the Finnish sauna championship...
ESA ACT

Transient climate-carbon simulations of planetary geoengineering - 0 views

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    Geoengineering could be very dangerous.
johannessimon81

Fission reactor + stirling engine tested by NASA - 1 views

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    NASA has tested a prototype of a new design for a small uranium reactor as a power source for deep space exploration. In principle this should pose a smaller radiation danger during launch and more energy per mass compared to RTGs.
Juxi Leitner

U.S. Spies See Superhumans, Instant Cities by 2030 | Danger Room | Wired.com - 1 views

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    how the us intelligence community forecasts tech development into 2030
Luke O'Connor

Trajectory of a falling Batman - 2 views

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    The film Batman Begins shows the character of Batman gliding using a rigid form of his cape. This paper assesses the feasibility of such a glide and fi nds that while a reasonable distance could be travelled if gliding from a tall building, the speed at which Batman would be travelling would be too dangerous to stop without some method of slowing down.
H H

How To Use Math To Crush Your Friends At Monopoly Like You've Never Done Before - 1 views

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    Monopoly is one of the classic American games. It's played amongst close friends, loved ones, and trusted business partners. It's also one of the few times in life where it's perfectly acceptable to want to systematically annihilate and crush the aforementioned friends, loved ones and partners. We broke down the must-know math behind Monopoly as well as several lessons you can take away from what truly is The Most Dangerous Game.
Tobias Seidl

Looting, Cannibalism and Death Blows: The 'Shock and Awe' of Ant Warfare | Danger Room ... - 2 views

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    Just some ant suff again.
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    what strategies!!!
Juxi Leitner

Pentagon's Shape-Shifting Bot Folds Into Boat, Plane | Danger Room | Wired.com - 0 views

  • Darpa-backed electrical engineers at the two schools released the stunning results: a shape-shifting sheet of rigid tiles and elastomer joints that can fold itself into a little plane or a boat on demand.
  • In Darpa’s dreams, this work will eventually lead to everything from morphing aircraft to self-styling uniforms to a “universal spare part.”
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    haha! is this a joke...?
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    well i guess the news headline is a bit too much trying to be attractive :)
Juxi Leitner

Run Wired, Run Deep: Subs May Finally Get Online | Danger Room | Wired.com - 1 views

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    strange that even if optical fibre this would not compromise the submarines location ...
Juxi Leitner

Slashdot Science Story | Calculating Environmental Damage From Space Tourism Rockets - 3 views

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    Cynthia - please have a look ... can we check the OoM?
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    Yeeesss :) So the "non-commercial" rockets do not emit soot? And how many "non-commercial" launches per year are there in comparison to the commercial ones? Finally commercial space-flight seems more realisable than ever, and "non-commercial" guys will do everything to prevent situation in which they have to compete on an open market... Coming years should be very interesting...
LeopoldS

Darpa's New Recruits: You, Your Grandpa and Your Dog | Danger Room | Wired.com - 4 views

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    Darpa going crowd-sourcing ... for 25 million ....
LeopoldS

Video: Army's Robot-Man Walks Like the Real Thing | Danger Room | Wired.com - 2 views

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    somehow don't like this guy ...
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    boston dynamics again, kinda scary again.
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