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Comment: Markup (Score 4, Insightful) 218 218

>> $580 million replacing stolen phones each year and $4.8 billion paying for handset insurance.

Whoa whoa whoa... If every person got insurance, that's over an 8x markup for insurance. Since many don't, it's even a higher markup.

Here's an easy way to save $4.3B - Stop buying the insurance.

Comment: Re:No clawbacks (Score 1) 695 695

That is an interesting thought, but may be difficult in practice.

A theft occurs coins are transferred...
> Mt Gox -> Wallet X

Some time goes by and the coins are moved around

> Wallet X -> Wallet Y -> Wallet Z

Finally, the coin is moved to somewhere we can track, like a well regulated exchange.
Wallet Z -> A regulated exchange

FBI would have to backtrack from that point. There might be some significant cost for each step.

I also wonder how well coin mixing services work. For huge volumes like this, I can't imagine them being effective. But for smaller amounts, maybe over time, they may prevent that backtrace from being feasible.

Comment: No clawbacks (Score 1) 695 695

One of the key "benefits" of bitcoin is one of the biggest problems with it in situations like this, the inability to reverse transactions.

If someone digitally steals a shit ton of cash for a regular bank, there's a good chance those transactions can be reversed and, at least some, or the money can be recovered.

Not so in bitcoin world where you would have to find the perpetrator and get his private key.

Comment: Makes it easier? (Score 1) 195 195

As long as you're giving a unique url to each user who you email, this actually makes open-rate calculations a lot more accurate, doesn't it? Instead of a large percentage of your users never seeing the image, they'll all get loaded.

Sure you can't track cookies, get IP addresses, or any of that anymore...

I'm assuming Google is only downloading images of emails that people open. If Google is downloading every image of every email they get, then never mind.

You are an insult to my intelligence! I demand that you log off immediately.