We’ve written on the hyperdeflation problem before. Basically, with Bitcoin prices surging, nobody wants to buy anything, you just want to hold onto your Bitcoins. Conversely, when they collapse, nobody wants to sell. So volatility means nobody wants to transact in Bitcoins, because there’s a good chance that the next day someone will feel like a fool.Read more »
At 6am this morning, I got an email from one of my sleazier contacts. It simply said "looks like Silk Road has collapsed". I fired the Tor browser you need to connect to the site and, indeed, it wasn't there.Read more »
The bill would empower states to require online retailers to collect state and local sales taxes for purchases made over the Internet. The sales taxes would be sent to the states where a shopper lives.Read more »
As interest has surged in Bitcoin, platforms that support the digital currency have been hit by damaging cyberattacks this week. Mt. Gox, a Tokyo-based exchange that claims to handle more than 70% of all Bitcoin trades, said in a statement on Thursday that it had been hit by a massive Distributed Denial of Service attack. In a DDoS attack, hackers direct a giant traffic surge to their target, overwhelming the site's servers and making it hard for legitimate users to gain access.Read more »
Is Ron Paul right or wrong in this dispute? Are trademarks valid property? I tihnk he is wrong because he was fine with them using his name while it benfitted his campaign.Read more »
Social networking giant Twitter has released a new report outlining all subpoenaed, court ordered, and search warranted requests made by the U.S. government for private information about the site's users throughout the past year. And based on the figures, not only is the overall number of such requests steadily expanding, but Twitter is also increasingly being coerced into releasing this confidential data without legitimate probable cause or warrant.Read more »
Google and Pandora Internet Radio support FCC regulators setting pricing for content played over the internet [IRFA (HR 6480 and S3609)]. Musicians, record companies and performing rights organizations are lining up in opposition to the bills.Read more »
The Chinese government issued new rules on Friday requiring Internet users to provide their real names to service providers, while assigning Internet companies greater responsibility for deleting forbidden postings and reporting them to the authorities.Read more »
Facebook Opens Up Your Inbox to Outsiders, For a Fee
Want to send me a Facebook message? But you’re not my Facebook friend?
The social network is overhauling its in-house messaging system with a new set of filters that it says will help users reach out and poke each other more effectively; you can see details here. Part of the overhaul: A test that will allow some users to ping people they’re not friends with, if they’re willing to spend a dollar.Read more »
A Senate proposal touted as protecting Americans' e-mail privacy has been quietly rewritten, giving government agencies more surveillance power than they possess under current law, CNET has learned. [The] rewritten bill would allow more than 22 agencies -- including the Securities and Exchange Commission and the Federal Communications Commission -- to access Americans' e-mail, Google Docs files, Facebook wall posts, and Twitter direct messages without a search warrant.Read more »
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