Funny how Bitcoin ATM installations get all that hype, but their later flops and removals get much less attention.
They’ve got to be so desperate for good news in the Bitcoin community. Imagine being one of those suckers who bought in at $1000 or even $800, only to get hit with the steady drumbeat of Bitcoin criminality and government attacks.
And don’t forget: Bitcoin mining is getting harder all the time. As time goes on, mining is going to get so hard that the pool will thin, making it easier for a well-off team to take over 51% of the network and hijack the whole thing. If that hasn’t already happened yet. Because if you had 51% of Bitcoin, wouldn’t you… hide some of your resources under an alias so as not to scare people off?
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This is one of those nights. I did some work looking into just how foolish the idea of state-run Internet is, and now I’m out of time to do this, sorry to say. Quick links time!
The Senate is taking up STELA. Let’s hope the Democrats now don’t inject something into this virtually must-pass legislation, after House Republicans were kind enough to hold back.
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I took President’s day off. I know, terrible, right? Well let’s try to catch up.
So the President’s Cybersecurity order has been published. EO 13636. Part of it relates to information sharing. Interesting that even as he does that, he opposes actual regulation to share information. CISPA would be an actual law though, but the President cares not for the Constitution.
Oh, but he’s also going to use diplomacy as cybersecurity. Yeah, that’ll work.
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So, the President and other Democrats seem to think more government is the answer to our cybersecurity problems. the Chinese are attacking us, and will continue to do so going forward. Hard to see how more regulation on our wend will help that. Fighting back might make more sense, so long as we don’t make the Internet unusable in the process.
Of course, some threats are domestic. Gangs like Anonymous need to be found and jailed. Again, regulation isn’t the answer there. Police work is. Especially since this Anontard attack was on… the Federal Reserve. Oops.
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For once I have some good news from FCC. The FCC is going to find some more spectrum to allocate for WiFi as unlicensed use. The idea is that everyone knows large events tend to have serious WiFi problems and this could help fix that.
Meanwhile, the tech lobbying arms race continues to grow. Facebook his growing its policy arm and Pandora is going to go all-out for the IRFA pro-Pandora regulation bill.
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