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Submission + - Bitcoin Securities Issuer Settles with SEC (

MrBingoBoingo writes: The United States Securities and Exchange Commission has extracted a Settlement from Erik Voorhees that consists of $15,843.98 in profits and a penalty of $35,000 for the high crime of having been involved in financing two offerings with Bitcoin. If you read the Security and Exchange Commission's actual filing you can see that all of the fines and settlements relate to FeedZeBirds with any actions relating to S.DICE on MPEx consisting of a strong finger wag and stern look. With the light assessment in this case, it seems that the SEC's ability to act in mature Bitcoin markets like MPEx may be limited unless they work to build cooperative relationships with those markets.

Comment Bitcoin donation (Score 1) 290

It's been reported that Mircea Popescu, owner of a bitcoin-only securities exchange, paid OpenBSD's 2014 power bill in full after learning of the project's financial difficulties. Was Popescu the first major donator, and after having been on the receiving end of such a large donation, what are your thoughts on bitcoin?

Submission + - MtGox Collapse should come as no suprise (

MrBingoBoingo writes: The recent closure of the famous Bitcoin exchange MtGox has grabbed a lot of media attention lately, but people involved heavily in bitcoin have been raising alarms about business practices at MtGox for quite some time now. With the MtGox failure being Bitcoin's biggest since the collapse of the ponzi run by Trendon Shavers, also known as Pirateat40, it might be time to revisit the idea of counterparty risk in the world of irreversible cryptocurrency.

Comment National Geographic Earth Explorer (Score 1) 282

National Geographic sells the Earth Explorer series. Durable hemp canvas and plenty of padding; sew a patch over the National Geographic logo for stealth (or don't; looking like an NG photographer may be a pro or a con depending on where you're traveling).

I've got the medium, and use it extensively for traveling (albeit not with camera gear), and I'm more than impressed with the quality. I've visited three different continents with it as my only pack, and would buy it again in a heartbeat.

Keep in mind that NG apparently measures laptops differently than everyone else; it would be wise to try fitting your laptop into the bag before purchasing.

Submission + - Volcanic ash heading towards North America (

chocomilko writes: St. John's International Airport, the easternmost airport in Canada, has begun canceling flights due to worries of ash from Iceland's Eyjafjallajokull volcano, leaving travelers stranded after the weekend's Juno awards festival. Early reports stated that there was a 30% chance ash would reach the island by early Monday; Air Canada has issued an all-day travel advisory. A thick blanket of fog currently covering the city isn't helping matters, either.

Comment Say hello (again) to the retractable antenna. (Score 1) 159

I lived in South Korea from 2006 to 2007. DMB was prevalent back then; the one thing that I thought was really odd about the whole setup is that the DMB-enabled phones always had HUGE retractable antennae.

I'm not sure if this is still the case, but it was easy to pretend that the guy sitting across from you was trying to figure out his piece-of-shit cell phone from 10 years ago, rather than watching TV.

Oh, and for the record, the ONLY way I would get a dropped call is if I stepped into an elevator. In the mountains, in the valleys, hundreds of feet underground on the subway -- perfect reception.

Comment Re:Clearly an inside job. (Score 2, Informative) 149

Apple acknowledges the fact that developers might insert hidden content into their app to skirt the review process. They do warn, however, that they will eventually find out and yank your app -- which is what has happened here.

Unfortunately, app reviewers literally just install your app on a bunch of devices and tap around the screen to make sure nothing breaks, so any sort of hidden functionality will likely make it past the initial screening.

For the record... my app, Touch Health, will not steal your phone number.

Comment Re:Sorry what? (Score 1) 69

Exactly. The lesson here is that if you really want private enterprise to do something, you have to set up a nonprofit to do it first and give it away to poor people. That way, the for-profit companies will think you're threatening their turf (even if they had no intention of doing whatever it is you're doing in the first place), and they'll go out of their way to compete with you (and crush you).

Funny AND true!

Comment Re:Who wants to update?? (Score 3, Interesting) 1012

So if a PC owner buys Snow Leopard for a Mac owner this Christmas, they're stealing?

How about a neo-luddite who buys a disc for the sole purpose of destroying it? Are they stealing?

No, of course not. That's retarded. Apple cannot and does not assume that everyone who purchases their OS own a Mac. You can't call someone's behaviour "stealing" if they're exchanging money for goods at the advertised price.

I suppose buying Gillette razor blades and then gluing them to popsicle sticks to shave with is stealing too, then?

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