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Bitcoin

Submission + - Those 500K Bitcoins That Caused a 'Flash Crash' We (betabeat.com)

Kargan writes: It looks like the hacker who breached Mt. Gox made off with about $34,000 worth of Bitcoin and then artificially crashed the market by dropping a sell order for 500,000 BTC, according to the post-mortem about the hack published by Mt. Gox. But while the hacker did withdraw 2,000 in actual BTC, which Mt. Gox is replacing at their own expense, the enormous sell order was vapor:

        We would like to note that the Bitcoins sold were not taken from other users’ accounts—they were simply numbers with no wallet backing. For a brief period, the number of Bitcoins in the Mt. Gox exchange vastly outnumbered the Bitcoins in our wallet. Normally, this should be impossible.

The sales could not have been completed because there were no actual Bitcoins to transfer. The hacker had simply assigned himself a huge number of BTC, which was enough to place orders on Mt. Gox and confuse the market.

Microsoft

Submission + - Microsoft's desperate claim: A tablet is just a PC (networkworld.com) 1

jbrodkin writes: "Microsoft's mobile chief Andy Lees turned a few heads this week by declaring that a tablet is just another PC, and that Windows 8 tablets will do everything Windows 8 desktops can do. Given that this strategy has been a total failure with Windows 7, pundits are puzzled by Microsoft's insistence on treating PCs and mobile devices as if they are identical twins. Windows 7 tablets displayed at the Microsoft partner conference this week were clunky, difficult to use and take just as long to start up as Windows laptops. Windows 8 tablets may have better multi-tasking than iPads, but if they crash and force a restart as often as Windows desktops do, sign me up for an iPad 3."

Comment Re:I don't recall... (Score 1) 887

They can already do this. If the court orders you to decrypt your HD (or do pretty much anything else) and you refuse, the judge can hold you in contempt of court for a varying amount of time depending on the laws in your area. The most extreme length of time I can find for the USA, is the case against Chadwick, imprisoned for 9 years on contempt. http://en.wikipedia.org/wiki/Contempt_of_court I doubt it will be too long before this occurs in regards to decryption, if it hasn't already.

Comment Re:Dumb kids (Score 3, Insightful) 203

In this case, stolen bits doesn't == lost sale. In this case, stolen bits == sale for the publisher. Microsoft has to pay the publisher of the game with real money that was bought with stolen bits. Also, congratulations on your ethics, that allows you to rationalize your behavior to this degree.
Censorship

Submission + - Google executive kidnapped (cnn.com) 2

An anonymous reader writes: Egyptian plainclothes wearing buzzcut men kidnapped a
google marketing executive yesterday for tweeting about the
government. Google had since opened a telephone to tweet
service. His whereabouts are still unknown.
Photo link:
http://i.imgur.com/hVb2W.png

Crime

Submission + - AT&T Sued for Systematic iPhone Overbilling

Hugh Pickens writes writes: UPI reports that AT&T is facing a lawsuit that says AT&T routinely bills for 7 percent to 14 percent more data transactions than normally takes place that could blossom into a costly class-action case. Court papers claim that attorneys set up a test account for an iPhone, then closed all of its apps and left the device unused for 10 days. AT&T still billed the account for 2,292 KB of usage. "A significant portion of the data revenues were inflated by AT&T's rigged billing system for data transactions," say court papers filed on behalf of AT&T customer Patrick Hendricks. "This is like the rigged gas pump charging you when you never even pulled your car into the station." Attorneys say they would file to have the case moved to class-action status, which makes the outcome relevant to all of AT&T's iPhone accounts.

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