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Comment: Re:Bitcoin is faulty by nature (Score 1) 161

by DoctorBit (#48739777) Attached to: Bitstamp Bitcoin Exchange Suspended Due To "Compromised Wallet"

Not an arrest yet, but:

"The Court's judgment permanently enjoins Shavers and BTCST from future violations of Sections 5 and 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; orders them to disgorge, on a joint and several basis, $39,638,569, plus $1,766,098 prejudgment interest thereon, for a total of $40,404,667; and orders Shavers and BTCST each to pay a $150,000 penalty. "

That's gotta hurt.

Comment: Google Earth KMZ Files (Score 4, Informative) 54

by DoctorBit (#48052999) Attached to: Satellites Reveal Hidden Features At the Bottom of Earth's Seas

From the paper, here are the links to Google Earth KMZ files to view the whole earth results:

Gravity anomaly map

VGG map

The new data is very cool, and a clear improvement from Google Earth's standard data. They've got all the world's water, even lakes. They only missed a 2000 km radius circle centered on the north pole. To see the difference, after opening the KMZ files in Google Earth, select and unselect the check boxes in the Temporary Places folder.

Comment: Re:"Stakeholders" (Score 2) 132

by DoctorBit (#47965859) Attached to: Nobody's Neutral In Net Neutrality Debate

What surprises and disappoints me is that Intel has sided against net neutrality. Here's a link to the letter signed by Intel and other anti-net-neutrality companies:

I guess some commercial routers and network equipment have Intel chips in them, so Intel might just be doing what their router manufacturing customers have requested, but this has to be a bad move from a public relations point of view. Intel is a household name and lots of consumer products have "Intel Inside" stickers on them.

Comment: Re:I never really understood bitcoin (Score 1) 191

by DoctorBit (#46436945) Attached to: The Tangled Tale of Mt. Gox's Missing Millions
Bitcoin is actually a distributed peer-to-peer ledger that keeps track of who has the coins. The coins themselves don't actually exist. It's like if you and I both have bank accounts in the same bank and I write a check to you and you deposit the check. The bank reduces my balance and increases yours by the check amount. This works even if there are no actual physical dollar bills in the bank anywhere.

Mining is doing that bank teller work (increasing and decreasing other people's balances when transactions are requested), and the tellers (miners) are paid for that work with small amounts of the same virtual coins for each transaction they process.

The brilliance of the bitcoin protocol is how it automatically prevents both the bank tellers (miners) and bank customers (bitcoin users) from embezzling virtual coins or inflating the virtual coin supply.

+ - Bitcoin Inventor Satoshi Nakamoto Doxed by Newsweek

Submitted by DoctorBit
DoctorBit writes: According to today's Newsweek article, Satoshi Nakamoto is ... Satoshi Nakamoto — a 64-year-old Japanese-American former defense contractor living with his mother in a modest Temple City, California suburban home. According to the article, "He is someone with a penchant for collecting model trains and a career shrouded in secrecy, having done classified work for major corporations and the U.S. military." and "Nakamoto's family describe him as extremely intelligent, moody and obsessively private, a man of few words who screens his phone calls, anonymizes his emails and, for most of his life, has been preoccupied with the two things for which Bitcoin has now become known: money and secrecy."
The article quotes him as responding when asked about bitcoin, "I am no longer involved in that and I cannot discuss it, ... It's been turned over to other people. They are in charge of it now. I no longer have any connection."
I imagine that he will now have to move and hire round-the-clock security for his own protection.

+ - Slashdot beta sucks 9

Submitted by Anonymous Coward
An anonymous reader writes: Maybe some of the slashdot team should start listening to its users, most of which hate the new user interface. Thanks for ruining something that wasn't broken.

+ - Company releases $1,000 Genome Sequencing System-> 2

Submitted by monkaru
monkaru writes: Jan. 14, 2014-- Illumina, Inc. (NASDAQ:ILMN) today broke the ‘sound barrier’ of human genomics by enabling the $1,000 genome. This achievement is made possible by the new HiSeq X Ten Sequencing System. This platform includes dramatic technology breakthroughs that enable researchers to undertake studies of unprecedented scale by providing the throughput to sequence tens of thousands of human whole genomes in a single year in a single lab. Initial customers for the transformative HiSeq X Ten System include Macrogen, a global next-generation sequencing service organization based in Seoul, South Korea and its CLIA laboratory in Rockville, Maryland, the Broad Institute in Cambridge, Massachusetts, the world’s leading research institute in genomic medicine, and the Garvan Institute of Medical Research in Sydney, Australia, a world leader in biomedical research.
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