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Sir Richard Branson has revealed that his commercial space flight venture Virgin Galactic is to accept payment in bitcoins.
The 63-year-old entrepreneur is best known as the founder of Virgin Group, which owns more than 400 companies including the Virgin Atlantic airline and telecommunications provider Virgin Media. Continue reading
Bitcoin’s meteoric rise is like something that few have seen in their lives, if ever. Just a few years ago, it was a tiny community interested in a new way to send money online.
That tightly woven, tech-savvy community has grown tremendously. Along with it, the digital currency has surged in value.
Mining bitcoins – a process that helps manage bitcoin transactions as well as create new “wealth” – is the new Beanie Babies. Luckily for us, however, bitcoins seem to be going up in value and should maintain their value over time, unlike your mint condition Tiny the stuffed Chihuahua.
But how do you get bitcoins? You can begin by buying them outright, but the market is currently wild. At $188 per coin, the direction of the bitcoin is anyone’s guess right now and, unlike equities, these things don’t split. In short, you should probably mine. But what is bitcoin mining? Continue reading
Site claims new security measures will ensure ‘no member will lose their coins’ in the event of another closure
Silk Road, the online drugs marketplace which was shut down by the FBI in October, has been resurrected by a group of the site’s former moderators and users.
Dubbed Silk Road 2.0, the new site taunts the authorities from the start with a login page that features a pastiche of the FBI’s seizure notice.
The last two words in the warning “this hidden site has been seized” crossed out, and a stamp reading “this site has risen again” placed above.
Once logged in, users are greeted with a manifesto written by the site’s new operator, who goes by the pseudonym DPR or Dread Pirate Roberts – the same name as the previous two site administrators.
“Welcome back to freedom. It took the FBI two and a half years to do what they did,” wrote the new DPR. “Divide, conquer and eliminate was their strategy … but four weeks of temporary silence is all they got. And as our resilient community bounces back even stronger than ever before, never forget that they can only ever seize assets – they can never arrest our spirit, our ideas or our passion, unless we let them.”
Some changes have been made to the old site, including security measures which DPR claimed will ensure that “in the event of Silk Road’s demise once more, no member will lose their coins,” but on the whole the new site attempts to present a familiar face to users.
Even so, some fans of the old Silk Road are cautious. “Personally I’m going to sit back, wait patiently and see what happens,” said one user on the Silk Road subforum on Reddit.
“I do not mean to be a party pooper but I just hope this site isnt a scam or [law enforcement] … I won’t be ordering till I see whats up with SR2.0 in the upcoming months, something tells me not to be so quick to jump on board,” said another user on the Silk Road 2.0 forums.
In its first day, the site listed 600 new items for sale in its “drugs” category, as well as other products including forged documents, counterfeit goods and a $3,500 pill maker.
Just like the site’s users, DPR appears aware that the launch of Silk Road 2.0 catapaults it into the spotlight.
“Without a doubt, the relaunch of our beloved marketplace will create a ripple throughout the world’s various media channels, and not all of these channels will see our cause as positive. You don’t need telling that there are very powerful media outlets controlled by various world governments, who will seek to muddy our name and reputation.”
Despite its pedigree, Silk Road 2.0 can’t assume it will reclaim its position as the go-to site for online black market goods.
Competitor sites like Black Market Reloaded have used the four-week absence of the site to consolidate their position. Black Market Reloaded offers 6,500 drug items for sale – ten times the number available on Silk Road 2.0.
The original Silk Road was shut down in October and its owner, Ross William Ulbricht, arrested [AP]
A new anonymous internet marketplace for illegal drugs has opened, with the same name and appearance as the Silk Road website shut down by US law enforcement authorities a month ago. Continue reading
NEW YORK (AdAge.com) — Documents in Viacom’s three-year-old, $1 billion suit against YouTube, unsealed today by U.S. District Court Judge Louis Stanton, paint a fascinating picture of the intertwined relationship between the video site and the conglomerate that owns MTV, BET and Comedy Central.
For example: YouTube co-founders Chad Hurley, Steve Chen and Jawed Karim were in a race early on to build traffic at the site in hopes of getting acquired, and knew full well that illegally uploaded TV clips might help. Continue reading