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Bitcoin

Are Altcoins Undermining Bitcoin's Credibility? 267

Posted by samzenpus from the least-of-your-worries dept.
An anonymous reader writes The editor of a Bitcoin advocacy site believes the proliferation of altcoins (cryptocurrencies other than Bitcoin) is harming Bitcoin's long-term potential as an alternative to traditional currencies. Posting at BadBitcoin.org, a site that seeks to expose online scams that target Bitcoin users, the pseudonymous ViK compares altcoins, including the Internet meme inspired Dogecoin, to a pump-and-dump scheme where developers create their own version of the Bitcoin wallet and blockchain and then "pre-mine" or generate a significant number of cryptocurrency units before the altcoin's official release. Later, when their value has risen, the pre-mined altcoins are exchanged for Bitcoin or in some cases converted directly to cash. While critics of cryptocurrencies in general might find ViK's comments about the altcoin "tulip" mania ironic, the self-confessed Bitcoin fan is nevertheless calling for an altcoin boycott: "The easiest way to stop them is to not participate. We all know that they only have one purpose, and that is to make Bitcoin for the so called developers."
Censorship

Financial Services Group WCS Sues Online Forum Over Negative Post 112

Posted by samzenpus from the I-wish-you-wouldn't-say-that dept.
First time accepted submitter kavzee writes The popular Australian online discussion forum, Whirlpool, is being sued by a financial services group for refusing to remove a negative review about its services. A similar story occurred a number of years ago when another company by the name of 2Clix attempted to sue Whirlpool for the same reasons but later withdrew their case. "A financial services business licenced through National Australia Bank is suing an online forum for refusing to remove an allegedly fake and negative post about its services, claiming it has damaged its reputation with would-be clients. It is the latest legal action launched against an online forum or review website for publishing negative comments, following several high profile cases in Australia and overseas. Financial advice group WCS Group has initiated action against Whirlpool in the Supreme Court of Victoria, seeking unspecified damages and costs, despite the fact the forum generates no revenue."
Electronic Frontier Foundation

EFF's Cell Phone Guide For US Protesters 82

Posted by Soulskill from the do-not-use-your-cell-phone-as-a-projectile-weapon dept.
An anonymous reader writes: The Electronic Frontier Foundation has updated its guide for protecting yourself and your cell phone at a protest. In addition to being extremely powerful tools (real-time communication to many watchers via social media, and video recording functionality), cell phones can also give authorities a lot of information about you if they confiscate it. The EFF is trying to encourage cell phone use and prepare people to use them. (The guide is based on U.S. laws, but much of the advice makes sense for other places as well.) Here are a few small snippets: "Start using encrypted communications channels. Text messages, as a rule, can be read and stored by your phone company or by surveillance equipment in the area. ... If the police ask to see your phone, tell them you do not consent to the search of your device. Again, since the Supreme Court's decision in Riley, there is little question that officers need a warrant to access the contents of your phone incident to arrest, though they may be able to seize the phone and get a warrant later. ... If your phone or electronic device was seized, and is not promptly returned when you are released, you can file a motion with the court to have your property returned."

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