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Bitcoin

Submission + - From the creator of MtGox and eDonkey, Ripple, the First True Bitcoin Competitor (privateinternetaccess.com) 1

An anonymous reader writes: Ripple (XRP) is a new decentralized Bitcoin-like currency that doesn’t require a blockchain or mining. The Ripple network also supports sending and trading between any currency enabling true decentralized BTC exchanges. Ripple and Bitcoin can work together to expand each other’s reach.

In other news, Bitcoin breaks $30.

Bitcoin

Submission + - Bitcoin War: The First Real Threat to Bitcoin? (privateinternetaccess.com)

An anonymous reader writes: According to the article, someone has taken 15% of the Bitcoin hashing power and is currently filling it with empty blocks. The article says that this might be an attack against bitcoin.

"He is willing to spend money to mine these empty blocks. Essentially, this can lead to a stop in bitcoin transaction processing. Some people who would do this could include governments, banks, competing currencies, or ridiculously wealthy and bored persons who have a vendetta against bitcoin. If this entity obtains 51% of hashing power and fully stops processing transactions while mining against only its own blocks, the block chain will become useless."

Privacy

Submission + - Your ISP will Spy on You Starting July 12, 2012 (cnet.com)

An anonymous reader writes: All major ISPs in the US have announced that they will begin spying on users to detect piracy starting July 12. The RIAA and the MPAA have worked to bring ISPs on board and has dubbed this the "graduated response."

From the article, "Supporters say this could become the most effective antipiracy program ever. Since ISPs are the Internet's gatekeepers, the theory is that network providers are in the best position to fight illegal file sharing."

Privacy Online News has included tips on how to protect your privacy after this goes in effect: https://www.privateinternetaccess.com/blog/2012/03/your-isp-is-going-to-spy-on-you-starting-july-12-2012/

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