Ninety-five percent of spot bitcoin trading volume is faked by unregulated exchanges, according to a new study.
Every December going back to 2004, I’ve done an end-of-year review of the top Internet technology trends. As a source for this year’s review, I’m using the nearly fifty weekly columns I’ve written over the course of 2018. They’re a good indicator of what I’ve focused on during the year, and what has defined this year in terms of online technology.
Like most media companies, Salon pays its bills through advertising and we profoundly appreciate our advertising partners and sponsors. In this traditional arrangement between reader and publisher, we are able to offer our readers a free reading experience in exchange for serving them ads. This relationship — of free or subsidized content in exchange for advertising — is not new; journalism has subsisted on this relationship for well over a century. This quid pro quo arrangement, ideally, benefits both readers and media. Yet in the past two decades, shifting tides in the media and advertising industries threw a wrench in this equation.
The possibility of a windfall lures many who see themselves in a financial rut.
I came across this from Paul Krugman’s tweet which is all too apt:
We're now in the late stage of a bubble, where things get cruel https://t.co/3Hc5sWeT2F
— Paul Krugman (@paulkrugman) February 4, 2018
The ‘creator’ of Bitcoin, Satoshi Nakamoto, is the world’s most elusive billionaire. Very few people outside of the Department of Homeland Security know Satoshi’s real name. In fact, DHS will not publicly confirm that even THEY know the billionaire’s identity. Satoshi has taken great care to keep his identity secret employing the latest encryption and obfuscation methods in his communications. Despite these efforts (according to my source at the DHS) Satoshi Nakamoto gave investigators the only tool they needed to find him — his own words. Using stylometry one is able to compare texts to determine authorship of a particular work. Throughout the years Satoshi wrote thousands of posts and emails and most of which are publicly available. According to my source, the NSA was able to the use the ‘writer invariant’ method of stylometry to compare Satoshi’s ‘known’ writings with trillions of writing samples from people across the globe. By taking Satoshi’s texts and finding the 50 most common words, the NSA was able to break down his text into 5,000 word chunks and analyse each to find the frequency of those 50 words. This would result in a unique 50-number identifier for each chunk. The NSA then placed each of these numbers into a 50-dimensional space and flatten them into a plane using principal components analysis. The result is a ‘fingerprint’ for anything written by Satoshi that could easily be compared to any other writing.
Norm: Okay Rebecca. Um. Here’s the deal, I’ll paint the whole office including woodwork, and uh, it’ll run you 400.
Rebecca: 400 bucks sounds reasonable.
Norm: Oh no, that’s 400 beers, the B with the slanty line through it, it’s kinda my own special currency.
(Featured image credit: Jason Benjamin)
I love the overall advertising concept here–particularly for such a modern product.
I’m almost half-tempted to commission someone to re-purpose old war propaganda posters like this to promote the Indieweb movement.
He controls his own website–and they love that.
Don’t let that shadow touch them. Own your domain.
She may be… accepting Webmentions.
First they ignore you.
Then they laugh at you.
Then they fight you.
Then you WIN
The first generation of the digital revolution brought us the Internet of information. The second generation—powered by blockchain technology—is bringing us the Internet of value: a new, distributed platform that can help us reshape the world of business and transform the old order of human affairs for the better.
Blockchain is the ingeniously simple, revolutionary protocol that allows transactions to be simultaneously anonymous and secure by maintaining a tamperproof public ledger of value. Though it’s the technology that drives bitcoin and other digital currencies, the underlying framework has the potential to go far beyond these and record virtually everything of value to humankind, from birth and death certificates to insurance claims and even votes.
Anyone have recommendations of books they liked?