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The Almighty Buck

Submission + - Bitcoin may be an economic singularity (blogspot.com)

richie2000 writes: "If the growth of bitcoin continues exponentially like most widely useful technologies, it will only be on the order of years—not centuries, not even decades, but individual years—before virtually everyone is using it.

The standard term for such a rapid change is a “singularity.”
Robin Hanson predicted an economic singularity.
Bitcoin, as I will argue, is that singularity."

Submission + - France passes anti piracy law (computerworlduk.com)

dreemteem writes: "The French National Assembly voted Tuesday to adopt, by 258 votes to 131, the so-called "three strikes" law criminalizing file-sharing. Those caught infringing copyright online could face the suspension of their Internet access, a fine or even prison.
The Senate approved the same text on Monday. With the two houses of parliament in agreement, the text now requires only the signature of President Nicolas Sarkozy to become law, although the possibility of another appeal being lodged with the Constitutional Council cannot yet be ruled out.
http://www.computerworlduk.com/technology/internet/applications/news/index.cfm?newsid=16732"

Privacy

EU Funding "Orwellian" Artificial Intelligence Snooping System 181

leonbenjamin writes "Britain's Telegraph reports on a five-year research programme, called Project Indect, which aims to develop computer programmes which act as 'agents' to monitor and process information from web sites, discussion forums, file servers, peer-to-peer networks and even individual computers. Its main objectives include the 'automatic detection of threats and abnormal behaviour or violence.' Shami Chakrabarti, head of the UK's Liberty human-rights NGO, said: 'Profiling whole populations instead of monitoring individual suspects is a sinister step in any society. ... It's dangerous enough at national level, but on a Europe-wide scale the idea becomes positively chilling.'"

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