Difficult to identify, catch, jurisdiction problems in foreign countries... The manufacturers who sell insecure shit woth hard coded / staic default passwords on the hand should be fined steeply

OP said filing does not absolve you. That is true, Also any absolution usually can happen after the company has no assets left to pay its debt with.

under what law?

If you owned a Patek, you won't be riding the subway in the first place :P

Selling it the black market is only half the part, not getting caught is the important part. More damage a exploit can cause Groupon ( i.e. higher the value on the market) more the chances law enforcement will be knocking on your door.

Companies like Groupon face a higher risk from dissatisfied(or the dumb ones exposed to phishing/social engineering ) employees leaking information than from external exploits, so they are screwed anyway if white hats/employees start acting in bad faith. They are counting on good faith of majority of the players and possibility of punishment via law enforcement to save them.

It might be 5 minute effort for a single application, for someone who is spending is whole time testing dozens of applications everyday, tweaking,refining the scripts etc. It might be a full time job for an in house expert and he will cost lot more than a bounty program.

No he is saying experts will still participate in programs because it is not too much effort and possibility of a payday will keep them in the program, despite poor track record of these companies.

Obviously you would loose the best experts who will spend the time and have the expertise to find the most obscure vulnerabilities. If those researchers where not interested at all in the program ( too small bounty for the effort, groupon track record etc) then Groupon losses nothing by having stingy payment policies.

It was released on 2nd September.. Been more than 28 days already

Everybody however expects U.S. police to go the U.K. police and courts who will check if it was a crime in the U.K. in the first place then ask the U.K. Hilton to hand over the data, aka due process .

If tracking cash transactions were as easy as you make them out to be, every illegal laundering from drugs to arms would have been long shut down.

a unique serial number is not personally identifiable by itself. Cash is far more anonymous than bitcoin, yes people can theoretically track it, with bitcoin EVERY transaction is by definition recorded. With cash some transactions maybe recorded, retailers do not necessarily record the serial number of every bill of each transaction, while that is certainly possible it is still not common place. Even if all were tracked in the U.S. there are still plenty of holes in your graph, making it difficult to every get anywhere near full picture, primarily due to the nature of U.S. currency. Plenty of people in the world use $ as their medium of exchange, these people who feds have very little control over and can do little to track either.

This is BS, Crypto-currency has very little to do transaction privacy or central control.

if you are worried about privacy of transaction then use cash! .. does a $100 bill hold any "personally identifiable information" barring some trace DNA or fingerprints? central entity controlling has nothing to do with privacy of transactions. cash is controlled by a central entity, yet it is near anonymous. Not being governed by a central entity is a stupid reason for alternative currency.

If you want use anything that has no value on its own as money be it paper (cash), plastic, or Hashes as a store of value, then you will have to trust someone to enforce it. Otherwise you are going to have volatility, and people losing money in scams just look at the ones happening in bitcoin.

U.S. did this 25 years ago https://en.wikipedia.org/wiki/...

I find a standard answer works everytime when it comes to this sort of deals.

Netflix Ultra HD requires 25 Mbps per stream. Also that 105 Mbps is basically the connection between his house and the ISP. The actual speeds you will get depends on where the data is, and the peering agreements, Netflix's of-quoted data on comcast before and after their deal is itself good example

you don't know how much you are influenced doesn't mean you are not influenced, From your own example : Napoleon pretty much enforced the Metric system, the influence might be slightly less if you are from U.S. it is still enormous.