After being precluded from presenting much of a defense at all a jury has found Ross Ulbricht guilty of running the Silk Road deliberating for around three hours. This falls in line with the money on Bitcoin prediction markets which leaned towards deliberations lasting under six hours. Mainstream press outlets have even begun questioning the competence and intentions behind the way defense lawyer Josh Dratel handled the case over its entire duration.
Category Archives: Shitware
BitMarket.pl Account Closed over HYIP Links
Silicon Angle reports that a likely catalyst for the suspension of bank accounts used by BitMarket.pl is a recurring connection between that exchange and High Yield Investment scams. The accounts were closed by BPH, a bank owned by bezzle economy giant General Electric. Silicon Angle also notes that BitMarket.pl was injured in the EgoPay drama.
Police Offer Well Surveilled "Online Exchange Zone"
Columbia, Missouri police have recently unveiled an online exchange zone where people might exchange goods being bought and sold on the Internet. All that is necessary to take advantage of this "safe space" for transacting with other members of the public is arranging to meet in the lobby of the police station as this video so helpfully demonstrates. Also emphasized heavily in the video is that in this "safe space" you are prohibiting from bringing or transacting in weapons. Continue reading
Barret Brown: The Myth of Plea Leniency
Last week journalist Barret Brown was sentenced to 63 months in prison after entering a guilty plea. In contrast to Government approved journalists handling information unfavorable to the regime, Barret Brown was charged as an accessory to activities he reported on while New York Times reporter James Risen was not charged as an accessory for the "espionage" he reported on. Being completely at the whims of the sentencing court the court determined: Continue reading
Reddit Drops "CryptoCurrency Engineer"
Ryan X. Charles has announced that he is no longer working for Reddit, a "social media" platform with questionable practices. He was hired in December of last year and tasked with producing yet another scam-coin. Redditnote has not materialized during the two months of Charles' employment, and although his statement implies that it will be abandoned, there is no official affirmation at this time. It is now unclear as to how Reddit will make good on its promise to "give back" 5 million dollars.
BlackPhone Less Opaque Than Promised
Silent Circle has confirmed allegations that their privacy software has been completely useless. A memory corruption vulnerability allowed decryption of private messages to any attacker with the victim's user ID or phone number. The attacker can trigger the flaw by sending a hostile text message. Silent Circle is no stranger to this kind of embarrassment; a few months after receiving 30 million dollars in funding, a Blackphone was rooted by hackers at DEFCON. Discouraged former users of this pathetic device should be comforted to know that proper cryptography will likely be made user friendly by the end of the year. Until then, people who wish to obscure their messages from the prying eyes of big brother should stick to the classics.
Greece Taps Anti-Bitcoin Video Game Economist as Finance Minister
One piece of fallout from the recent SYRIZA win in Greece's election is the appointment of Yanis Varoufakis, most notable for tinkering with Valve's Steam video game marketplace to the position of Finance Minister. Yanis Varoufakis is much less notable for in the spring of 2013 writing one of the many essays naively assailing Bitcoin as some sort of impossible fantasy incapable of anything, an essay that safely could have remained entirely without note. Unfortunately someone decided to promote him from advising ways for an arcade could extract more money from chumps to managing the finances of a populated area that is still by some miracle, in some form a sovereign state with a government. Let us consider some excepts beginning with the title: Continue reading
CSM Profiles Homero J Garza, Serial Entrepreneur
Today the Christian Science Monitor published an profile of Homero "Josh" Garza featuring selection from an interview they conducted before the North American Bitcoin conference. Most of the information in the profile is not going to be new to anyone who has been following the GAW saga, but the profile covers Garza's history of serial entrepreneurship from Optima Technology and Great Awk Wireless to GAW Miners. Continue reading
Troubled EgoPay cries "Hack"
Payments processor EgoPay which has been troubled since at least December recently issued a blog post stating that they have fired employees likely responsible, and that the source of their problems was likely internal to their company. The full text of the post is preserved below for posterity. Continue reading
Preview of Obama's Internet Law Enforcement Proposals
Tonight Obama takes to the pulpit for his speech nominally designated the "State of the Union" though so far his earlier attempts had more the impression of being a wish list of changes Obama would like applied to the Union. Ready to go on the White House website he even has a pdf of changes he would like to make to the federal law in order to deter "Cyber crime" further through empowering law enforcement. Continue reading