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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.


Submission + - Undersea Cable Map

overThruster writes: TechCentral reports: "Greg Mahlknecht has built a free map showing the world's submarine telecommunications cable systems.

The map, which took Mahlknecht several months to complete, is free of charge and will remain so."

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.

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:

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