Dark News #009: BTC & Black Markets | Multisig Escrow | 2FA Anonymity | Live Q&A – Video


Dark News #009: BTC Black Markets | Multisig Escrow | 2FA Anonymity | Live Q A
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After Bitcoin: Cryptocurrencies – where will we be in a year’s time? – Video


After Bitcoin: Cryptocurrencies - where will we be in a year #39;s time?
http://www.totalpayments.org/category/the-future-of-payments/ Where will cryptocurrencies be in a years time? The first in a series of broadcasts on the subject of cryptocurrencies and the...

By: Vaughn Highfield

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After Bitcoin: Cryptocurrencies - where will we be in a year's time? - Video

Bitcoin lacks 'credibility and trust,' U.S. says SEC

The U.S. Securities and Exchange Commission is leery of bitcoin.

The agency issued a lengthy warning to investors on Wednesday about risks it sees in bitcoin and virtual currencies, much of which has been already iterated by bitcoin advocates or other regulators.

But the SEC, which is the top regulator for U.S. securities markets, also took a dig at bitcoins short existence as another negative.

As a recent invention, Bitcoin does not have an established track record of credibility and trust, the agency wrote in its advisory.

The statement perhaps conflates the pure technology of the bitcoin protocol that transfers the virtual currency, which has been vetted by cryptography experts as solid, with the nearly innumerable thefts, scams and failures of bitcoin-related businesses.

Bitcoin, which launched in 2009, has seen a fair share of challenges, including vacillating exchange rates and regulatory restrictions in countries such as China.

To back up its claim of bitcoins track record, the SEC cited the February collapse of Mt. Gox, the Japan-based exchange that said it lost some 650,000 bitcoins and US$28 million in cash, confirming suspicions the exchange that once dominated bitcoin trading was in trouble.

Law enforcement and the SEC may also have trouble investigating bitcoin-related cases, the warning said, since banks are not involved with bitcoin transactions and there is no central authority to obtain information on users.

The SEC must rely on other sources for information in such cases, such as bitcoin exchanges or users. Seizing and freezing proceeds that are in bitcoin can also be difficult, the SEC said.

Of course, many of those supposed weaknesses are also what makes bitcoin attractive to certain kinds of users.

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Bitcoin lacks 'credibility and trust,' U.S. says SEC

Bitcoin Breakthroughs Seen Copied by Banks Its Meant to Replace

Such interest in bitcoin shows how Wall Street could seek to reap benefits touted by bitcoins backers without using the virtual currency itself.

While Jamie Dimon and Warren Buffett express doubts about bitcoin, executives running the financial industrys back offices are looking at mimicking the virtual currencys methods of moving money quickly and cheaply.

FIS, a provider of systems used by banks to handle payments, is examining whether a public ledger like bitcoins could help securely move funds on existing networks, Fred Brothers, the firms chief innovation officer, said in an interview. Fiserv Inc. (FISV), a provider of technology for payments and accounts, is examining bitcoins use of encryption to ensure transfers are secure, said Marc West, a senior vice president.

Such interest shows how Wall Street could seek to reap benefits touted by bitcoins backers without using the virtual currency itself. Bitcoin, proposed by an anonymous programmer or programmers in 2008, has drawn entrepreneurs and retailers looking to popularize it as a low-cost alternative to established payment systems, supplanting credit cards to international wire transfers. Instead, a variety of financial firms might copy its underlying design to hone their own systems or services sold to clients.

Its safe to say that every bank is looking at whats going on with bitcoin and those types of technologies, said Steve Kenneally, a vice president at the American Bankers Association. Most of the larger banks are investigating it. The larger the banks, the further along they are.

Goldman Sachs Group Inc. analysts wrote in a March report that while bitcoins may not make a viable currency, the technology could hold promise. The software relies on a public record of transactions. When someone spends all or part of a bitcoin, the change in ownership is recorded by a global network of computers and posted to the register, ensuring individual units cant be simultaneously held or spent by multiple people. Operators of computers solving and verifying transactions are rewarded with new bitcoins for their work.

Bitcoins are valued at about $435 today, compared with prices of more than $1,100 in December and about $13 at the start of last year, according to CoinDesk, which tracks prices across key exchanges.

Bankers including JPMorgan Chase & Co. (JPM) Chief Executive Officer Dimon, 58, have predicted bitcoins probably wont last after governments subject them to rules and standards akin to those for other payment systems.

I wouldnt be surprised if its not around in 10 or 20 years, Buffett, the 83-year-old billionaire chairman and CEO of Berkshire Hathaway Inc. (BRK/A), told CNBC in March. It does not meet the test of a currency.

Buffetts long-time business partner, Charles Munger, was less charitable this week, telling Fox Business Network that calling bitcoins rat poison would understate his disdain.

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Bitcoin Breakthroughs Seen Copied by Banks Its Meant to Replace

Bitcoin is ripe for fraud and Ponzi schemes, warns SEC

Bitcoin

The US Securities and Exchange Commission issued an advisory Wednesday that warned investors to be wary of Bitcoin or other virtual-currency related investments.

While not advising investors to avoid Bitcoin altogether, the financial regulator did caution investors by saying the cryptocurrency is uninsured, unregulated, and volatile. But the SEC's chief concern was the risk of fraud.

"A new product, technology, or innovation -- such as Bitcoin -- has the potential to give rise to both frauds and high-risk investment opportunities," the agency's notice says. "Potential investors can be easily enticed with the promise of high returns in a new investment space and also may be less skeptical when assessing something novel, new and cutting-edge."

The government agency also pointed to another investor alert (PDF) it issued, which outlines the risks of Bitcoin in the context of Ponzi schemes. The SEC said that Ponzi scheme organizers often use the newest tech innovations for their scams.

"Innovations and new technologies are often used by fraudsters to perpetrate fraudulent investment schemes," the agency said.

Additionally, the SEC said that investors who were able to cash in when the Bitcoin market was soaring are now more susceptible to being taking advantage of because of their unexpected increase in wealth. They are "attractive targets for fraudsters" and "promoters of high-risk investment opportunities," the SEC said.

It's been a wild ride for Bitcoin over the past couple of years. The virtual currency has become more accepted and grown exponentially -- it went from $2 per coin in 2011 to roughly $1,000 per coin last fall. What's more, cryptocurrency ATMs have begun to pop up, some casinos have said they'd accept digital currency payments, Yelp started listing businesses that accept Bitcoin, and even eBay has begun allowing for limited sales of bitcoins on its US and UK sites.

Yet, the virtual currency has hit some rough patches. Besides coming up against hurdles from US, Japanese, and other regulators, the prominent Tokyo-based Bitcoin exchange Mt. Gox filed for bankruptcy earlier this year. The demise of the exchange came because hackers stole nearly $500 million in bitcoins through a weakness in the company's system. Bitcoin bank Flexcoin also had to shut down after being hacked.

Despite the SEC's concerns, the digital currency still has backing from several US government officials. US Rep. Jared Polis (D-Colo.) has publicly said that dollar bills are as equally vulnerable to instability, illicit activity, and forgery as Bitcoin. The congressman has also noted that dollars have been used extensively in drug trafficking and money laundering, not to mention tax fraud.

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Bitcoin is ripe for fraud and Ponzi schemes, warns SEC

Bitcoin lacks 'credibility and trust,' SEC says

IDG News Service - The U.S. Securities and Exchange Commission is leery of bitcoin.

The agency issued a lengthy warning to investors on Wednesday about risks it sees in bitcoin and virtual currencies, much of which has been already iterated by bitcoin advocates or other regulators.

But the SEC, which is the top regulator for U.S. securities markets, also took a dig at bitcoin's short existence as another negative.

"As a recent invention, Bitcoin does not have an established track record of credibility and trust," the agency wrote in its advisory.

The statement perhaps conflates the pure technology of the bitcoin protocol that transfers the virtual currency, which has been vetted by cryptography experts as solid, with the nearly innumerable thefts, scams and failures of bitcoin-related businesses.

Bitcoin, which launched in 2009, has seen a fair share of challenges, including vacillating exchange rates and regulatory restrictions in countries such as China.

To back up its claim of bitcoin's track record, the SEC cited the February collapse of Mt. Gox, the Japan-based exchange that said it lost some 650,000 bitcoins and US$28 million in cash, confirming suspicions the exchange that once dominated bitcoin trading was in trouble.

Law enforcement and the SEC may also have trouble investigating bitcoin-related cases, the warning said, since banks are not involved with bitcoin transactions and there is no central authority to obtain information on users.

The SEC must rely on other sources for information in such cases, such as bitcoin exchanges or users. Seizing and freezing proceeds that are in bitcoin can also be difficult, the SEC said.

Many of those supposed weaknesses are also what makes bitcoin attractive to certain kinds of users.

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Bitcoin lacks 'credibility and trust,' SEC says

Asteroids, Comets, Meteorites – NASA Jet Propulsion Laboratory

Asteroid Ida and its moon Dactyl, imaged by the Galileo spacecraft. Full image and caption:

There are a wide range of space rocks in our solar system. Most of them are not on orbital paths that bring them anywhere near Earth. Below is an overview of the main categories.

Asteroids Asteroids are rocky fragments left over from the formation of the solar system about 4.6 billion years ago. Most asteroids orbit the sun in a belt between Mars and Jupiter. Scientists think there are probably millions of asteroids, ranging widely in size from hundreds of kilometers across to less than one kilometer (a little more than one-half mile) wide.

Occasionally, asteroids' orbital paths are influenced by the gravitational tug of planets, which cause their paths to alter. Scientists believe stray asteroids or fragments from earlier collisions have slammed into Earth in the past, playing a major role in the evolution of our planet.

Comets Comets are relatively small, fragile, irregularly shaped bodies and, like asteroids, they are left over from the solar system formation process. Comets, however, are icy dirtballs that form in the outer solar system. The icy surface is embedded with dust, grit and particles from space.

Many comets have elliptical orbits that cut across the orbits of the planets, taking them very close to the sun and then swinging them far away, often past Pluto. The most distant comets may take more than 30 million years to complete one orbit. Comets with smaller orbital paths can take less than 200 years to orbit the sun, making them more predictable.

When far from the sun, comets are very cold, icy dirtballs. As they approach the sun, their surfaces begin to warm and volatile materials vaporize. The vaporizing gases carry small dust grains with them, which form an atmosphere of gas and dust and can look like a bright tail when seen from Earth.

Scientists believe that impacts from comets played a role in the evolution of Earth billions of years ago. One theory suggests that comets brought some of the water and a variety of organic molecules to the early Earth.

Near-Earth Objects Some asteroids and comets follow orbital paths that take them much closer to the sun -- and therefore Earth -- than usual. If a comet or asteroid's approach brings it to within 1.3 astronomical units of the sun, we call it a near-Earth object. [One astronomical unit is close to the mean distance between the sun and Earth approximately 150 million kilometers (about 93 million miles).] Near-Earth objects may provide needed raw materials for future interplanetary exploration. Some should also be fairly easy to land on for future exploration.

Potentially Hazardous Objects A relatively small number of near-Earth objects pass close enough to Earth and are large enough in size to warrant close observation. That's because the gravitational tug of the planets could, over time, cause an object's orbital path to evolve into an Earth-crossing orbit. This allows for the possibility of a future collision.

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Asteroids, Comets, Meteorites - NASA Jet Propulsion Laboratory

Comets – Kids Science Videos, Games and Lessons that Make …

Comets are small icy objects that originate in the outer Solar System and orbit around the Sun in elongated elliptical orbits. Comets are made up of loose collections of ice, dust and small rocky particles, and they range in size from few kilometers to tens of kilometers across. When they come near the Sun they partially vaporize, developing a bright tail that is sometimes visible to the naked eye.

Grade: 2 - 12

Explore comets with this video. Learn where comets come from, what they are made of, NASA missions to visit comets and much more.

9:20

Grade: 2 - 12

Learn how scientists use observation domes and powerful telescopes to study comets. As the black comet rock reflects back only 4% of the light, these cosmic rocks can be a little tricky to spot.

2:25

Grade: 2 - 12

Comets are very important because they represent the leftover bits and pieces from the outer solar system formation process, which took place four and a half billion years ago. In this lesson, learn all about the comets - what they are made up of, their possible role in the origin of life on Earth, NASA missions to comets, and much more.

4:50

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Comets - Kids Science Videos, Games and Lessons that Make ...

Blue Comets role into MPC finals

ASHEBORO Hanging in the Asheboro High School dugout the past two days was a simple reminder given to the players by the coaching staff. It is a written message that simply states, Whatever it takes, make it happen.

For the second straight game, the Blue Comets made a lot happen.

AHS scored six runs in the first inning and Matt Stickle had an impressive varsity debut as the sophomore right-hander threw a two-hitter in helping the Blue Comets to a 13-0 six-inning victory over Central Davidson in the semifinals of the Mid-Piedmont Conference Tournament at McCrary Park Tuesday. The victory keeps the season alive for the seventh-seeded Blue Comets, who must win the tournament championship in order to qualify for the state playoffs.

That opportunity comes Thursday night at approximately 7 p.m. when AHS will meet Southern Guilford for the tournament title.

Central Davidson, the sixth-seed which upset third-seeded Ledford in first-round action Monday night, ends the season at 7-11.

Live another day, AHS coach Tim Murray said after the Blue Comets won their third straight game and improved to 9-13. Weve played better the last few days. The big first inning really took a lot of pressure off us. We came out and swung the bats.

That they did as AHS recorded six runs in the first inning, registering six hits. Freshman Tristan Marsh had two hits, one run scored and two RBIs in the inning and Jay Rorie had a RBI double.

They absolutely came out and hit the ball, said CD coach Matt Parsons. We made two errors the whole game and the second one didnt matter. Hats off to them. They came out more prepared and swung the bats early.

The early outburst was more than enough for Stickle, who missed the first three weeks of the jayvee season because of a broken hand. Stickle allowed a single to John Hanes in the second, but he was erased on a double play, and a two-out single to Ryan Shull in the third. Stickle walked one and struck out one and he retired the final 10 batters he faced.

We thought about it last night, Murray said of starting Stickle on the mound. We needed someone who throws strikes and we knew he could locate it and keep their running game in check. I know he was a little nervous pitching for varsity for his first time. I think giving him that big lead really took a lot of pressure off him.

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Blue Comets role into MPC finals

Back-to-back home runs spark Lady Comets to win over Honesdale

S. ABINGTON TWP. Alivia Plevyak and Dom Emmett struggled to get on track early in the game against Honesdale on Monday afternoon.

That all changed for the Abington Heights duo in the fifth inning with two swings of the bat.

Left fielder Plevyak and catcher Emmett blasted back-to-back home runs to lead the Lady Comets to a 7-5 win in a Lackawanna League crossover game.

After shortstop Cassie Toth singled, Plevyak, who had popped out in her first two at-bats, lined a two-run homer over the left field fence to tie the game, 5-5.

Youve got to stay positive, Plevyak said, and the team is really good with keeping each other up. (The pitch) was kind of high and I like them a little high.

Emmett, who had grounded out in the first and fourth innings, followed with a solo home run to deep center field to give the Lady Comets a 6-5 advantage.

Alivias home run sparked us, Emmett said. I was kind of struggling all day, but I knew how important (this game) was to the team so I just wanted to step up.

Jessa Sablan, the eighth hitter in the lineup, added an RBI double to cap the rally.

The bottom of the lineup really helped us, Abington Heights head coach John Kelly said. (Number-seven hitter Caroline) Mattise had two hits and Sablan had three.

It was a big game, because we were tied with them in the district standings. It was a big win for the district seeding.

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Back-to-back home runs spark Lady Comets to win over Honesdale

Skin rash patients hardest hit by ban on beach nudity at Sanya

China's beach resort city, Sanya, is strengthening its ban on nude sunbathing and swimming on public beaches this month, but experts are calling for patients with psoriasis treating their diseases with sun to have their space.

Starting on Sunday, Sanya police took several measures to beef up the ban: increasing patrols on public beaches, passing out fliers to discourage people from naked sunbathing, and taking pictures of violators. High-definition surveillance cameras are also being installed.

Since Feb 8, nude sunbathing and swimming at public beaches has been forbidden. Violators will be detained for five to 10 days. So far, two people have been detained since the ban was imposed.

But, Zhou Xiaozheng, a sociologist at Renmin University of China who researches outdoor recreation in the country, said most nude sunbathers in Sanya are psoriasis patients.

"These people are not intentionally exposing their private parts. They need sunshine for medical treatment," Zhou said.

Shen Hong, a dermatologist at Hangzhou No 3 People's Hospital, said psoriasis is a chronic skin disease that is difficult to cure.

"For patients with psoriasis, red patches with scales will occur, especially on their scalp, ears and genitalia. Abundant sunshine and washing with seawater can relieve the pain caused by these patches," he said.

Sanya Mayor Wang Yong conceded that psoriasis patients are among the nude beachgoers in the city.

"There were dozens of patients with such skin disease when nude sunbathing started to appear in Sanya in 2002," he said. "They had notices from doctors, suggesting that they sunbathe for a certain amount of time. But we do not think this should take place in the city, especially when the group of patients has grown to the hundreds."

Wang said nude swimming and sunbathing is uncivilized behaviour and may disturb other beachgoers.

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Skin rash patients hardest hit by ban on beach nudity at Sanya