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Submission + - Bitcoin Exchange CEO Arrest For Money Laundering (cnn.com)

Guru80 writes:

A U.S. attorney in the Southern District of New York said Shrem (CEO of Bitcoin exchange BitInstant), along with alleged co-conspirator Robert Faiella, sold more than $1 million worth of bitcoins to Silk Road customers. Faiella, a Florida man who allegedly runs an underground Bitcoin exchanger using the alias BTCKing, was also arrested.

The fallout continues in the Silk Road saga. Is it even possible for a Bitcoin exchange to know they are "laundering" money for Silk Road customers? What does being charged with running an unlicensed money transmitting business say for the future of Bitcoin, at least in the U.S.?

Submission + - Obama to Change NSA Metadata Collection (cnn.com)

Guru80 writes: "President Barack Obama on Friday will announce the end of the controversial NSA telephone metadata collection program "as it currently exists," a senior administration official told CNN. Obama will say that he is ordering a transition of the current intelligence-gathering program to one that addresses concerns of privacy and civil liberties, the official said."

Real change or more of the same under a different name?

Comment Re:Well yeah (Score 1) 127

That article is an accurate representation of the entire site. It's all about over-the-top write ups of over-the-top badassery. It's tongue-in-cheek but fun as hell to read some of them. Read enough of them and you will see the author bases his context around who the badass of the week is, in this case going the full blown Nottingham/Robin Hood route leaves the cops as bad guys so getting blown to bits with machine guns by your rocket launcher loving sidekick doesn't count as hurting an innocent.

Comment Re:Instagram didn't replace Kodak (Score 1) 674

I agree with the point he is trying to make but you are spot on. It's obvious why he choose the comparison he did, to get the most sensationalism out of the least amount of detail possible. Even as a summary it is poorly done as anyone with a brain is going to see some huge gaping holes in that proposal. In his case he went with the throw his arms up in the air and shout "LOOK!! 140k are replaced by 13 people, the middle class is doomed by the companies that rely on it most so they will fail too!". While his point could very well be right, the approach he took ends up sounding like a Chicken Little "The sky is falling!" argument which leads to most people paying as much attention to it as the local crazy guy telling you the world is ending everyday for 5 years as you walk past him on the way to work.

Comment One day that won't be true (Score 1, Interesting) 366

I have a feeling that one day in the distant future people will read our current understanding of cancer as laid out in the summary and shake their heads that our understanding was ever so limited the same way we do when reading how bleeding patients out was the cure for just about everything in ancient times.

Also, agreed with a Cold Fjord post and if I have learned anything from the /. is that is an unforgivable use of mod points (or something like that)

Comment Re:Really? (Score 2) 170

Lucky for you, you get it! Google does the same thing, those ads you see aren't a coincidence. The last time I saw an ad on GMail (before I used ad-block), every time the girlfriend talked about marriage in emails all the damn ads were engagement rings and wedding supplies. That wasn't a lucky guess on Google's behalf.

Comment Re:Open source? (Score 1) 215

There are thousands upon thousands of people looking at open source code. One of them somewhere along the line is going to notice. That should be pretty obvious. I would like to think this would be a tipping point to more Open Source based usage but we all know that most people don't have a clue what all the surveillance talk even means. All they hear is "They are listening to my phone calls" and that's where it ends.

Comment Re:tried it (Score 1) 169

I'm guessing in a real world situation the creator of the password would know exactly what it image refers too. As for not being able to recognize any features in the linked examples, while I could never guess them (and that's the point pretty much) I can definitely see how the caption and image relate to each other after reading it.

Comment You are kidding...right? RIGHT?!? (Score 1) 504

he had an opportunity—if what he was, was a whistle-blower—to pick up the phone and call the House Intelligence Committee, the Senate Intelligence Committee, and say I have some information,' Feinstein told CBS' Face The Nation.

We all know what happens to whistle-blowers that blow within....they are quieted, discredited, fired and smeared before they have a chance to tell any that would actually do anything about it. Had he done that business would be continuing as normal and of course that's what they prefer.

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