New names at Bitcoin Foundation. Lesson learned?
Yesterday I published an article in which I posed some questions to the Bitcoin Foundation: It may well turn out that I have wronged them and to this end I am willing to give them the benefit of the doubt. Today, Tuesday, the foundation moved to announce two new appointments: DC veterans Jim Harper and Amy Weiss have joined the foundation. Jim Harper served as director of information policy studies at the Cato Institute for almost ten years and Amy Weiss is a former White House deputy press secretary and currently runs the strategic communications firm Weiss Public Affairs. These appear to....
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Whenever a major company or service provider gets hacked, one would expect them to step up their security game by quite a margin. Just a few weeks ago, British ISP TalkTalk was hacked, and a fair amount of customer data was obtained illegally. But that isn’t the of the line for worrying customers, as researchers have unveiled additional vulnerabilities that put customer information at risk. When the TalkTalk hack occurred a few weeks ago, a total of 157,000 customers were affected. Among the information retrieved were names, addresses, phone numbers, and even dates of birth. Up until this....
There's at least one lesson to be learned from the recent closure of Liberty Reserve for alleged money laundering: whether you use "real" government-backed fiat or a distributed digital currency controlled by no one in particular, what you use it for is subject to laws and regulations of many kinds. Fall afoul of those, and the authorities will sooner or later come looking for you. The Costa Rica-based Liberty Reserve used its own digital currency -- also called the Liberty Reserve, or LR -- to provide low-cost payment processing services to customers around the world. Its ease of payments....
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