Popcorn Time Shows the Way - Now "Impossible" to Shut Down
The recent news about the crackdown on Silk Road 2.0 are a reminder that, as long as Web services depend on central servers, they can be shut down by Big Government and Big Capital anytime. It's evident that we need decentralized, distributed services without central single point failures. Popcorn Time, the BitTorrent video streaming service, has taken a small step along the distributed way. Popcorn Time is an open source BitTorrent client that includes a media player. The program is intended as a free alternative to subscription-based video streaming services such as Netflix. Strictly....
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Federico Abad, the creator of popular Netflix alternative Popcorn Time, is now a product designer at Xapo, the Bitcoin security company that the WSJ has billed as the “Fort Knox of Bitcoin.” Abad put Argentina back on the tech radar with Popcorn Time because he, in his own words, “made piracy user-friendly.” Xapo is one of the most well funded Bitcoin companies, with $40 million raised thus far and a $100 million plus valuation, and now Abad will be helping Xapo make Bitcoin user-friendly. Xapo CEO and founder Wences Cesares is also from Argentina. In a rare, recent interview with Osman....
The CEO of Ark Investment Management (Ark Invest), Cathie Wood, says regulators cannot shut down bitcoin. She added that they will become more friendly towards cryptocurrencies over time. Wood is not the only one who thinks that governments cannot shut down bitcoin. Regulators Cannot Shut Down Bitcoin, Says Ark’s CEO Ark Invest CEO Cathie Wood shared her view on bitcoin, its regulation, and environmental impact at the Consensus 2021 conference Thursday. The CEO said that bitcoin is “already on its way and it’ll be impossible to shut it down.” She added that....
Popcorn Time ransomware offers victims a chance to claim the decryption key for free, if they infect two more users. Ransomware has become the latest evil on the internet. The number of victims falling to ransomware attacks either due to negligence or lack of awareness about good internet usage practices has been on a rise since the past couple of years. Almost all ransomware attacks are accompanied by a demand for payment in Bitcoin. Due to the rising attacks, media outlets, cyber security firms and even law enforcement agencies have started advising internet users on safe internet usage....
In “On Impossible Things Before Breakfast,” NYDIG uses the Terra/ LUNA collapse as a case study. The paper aims to prove that the algorithmic stablecoin concept is flawed in nature. It also takes aim at the current state of the DeFi stack and shows how fragile it is. The subtitle says it all, “a post-mortem […]
U.S. Attorney Damian Williams cited “state-of-the-art cryptocurrency tracing” and “good old-fashioned police work” in the authorities recovering the stolen Bitcoin. The United States Attorney’s Office for the Southern District of New York has announced that an individual has pled guilty to wire fraud charges connected to “unlawfully obtained” Bitcoin from the Silk Road marketplace in 2012.In a Nov. 7 announcement, the U.S. Justice Department said James Zhong pled guilty to wire fraud charges related to executing a scheme to steal roughly 50,676 Bitcoin (BTC) from Silk Road. Authorities....