Lifeboat Foundation

Responding to this nugget from Engadget:

Tokyo’s district court has ruled that it’s not possible for people to own bitcoin, and therefore they cannot sue for compensation in the wake of Mt. Gox’s collapse.

The ruling comes days after the head of the world’s largest bitcoin exchange was arrested on charges of fraud. Judge Masumi Kurachi felt that bitcoins do not possess “tangible qualities” to constitute owned property. Mt. Gox held thousands of individual accounts, and so there’s plenty of angry customers looking for compensation.

Continue reading “Japanese Court: Bitcoin Cannot be Owned” »

It will be the first country in the world to have universal Internet coverage.

Google has teamed up with the Sri Lankan government to deliver broadband Internet to every region of the island nation, making it the first country in the world to have universal Internet coverage. The initiative is part of Google’s Project Loon, which aims to provide cheap or free Wi-Fi to people in remote rural areas around the world via a fleet of huge helium-filled balloons floating way up in the stratosphere.

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Quoted: “IBM’s first report shows that “a low-cost, private-by-design ‘democracy of devices’ will emerge” in order to “enable new digital economies and create new value, while offering consumers and enterprises fundamentally better products and user experiences.” “According to the company, the structure we are using at the moment already needs a reboot and a massive update. IBM believes that the current Internet of Things won’t scale to a network that can handle hundreds of billions of devices. The operative word is ‘change’ and this is where the blockchain will come in handy.”

Read the article here > https://99bitcoins.com/ibm-believes-blockchain-elegant-solut…of-things/

“This week, the viral aggregator ViralNova was acquired for $100 million dollars. Meanwhile, the Pitchfork spin-off film criticism site The Dissolve ceased operations with an internet_meaningful blogpost entitled “The End.” The divergence between the missions and lifecycles of these two media projects that both launched in 2013 leave me wondering, “WTF is value?” It is certainly not creating #niche content for ‘intelligent audiences.’ Over the past two years, we’ve learned that there isn’t any actual monetizable ‘cultural value’ in building a content farm with an authoritative voice or domination of a niche area. Instead, it is more important to chase quantifiable human metrics by shoving lowbrow content in front of Facebook users. This is exactly what ViralNova has done better than most content farms–it figured out the current system and #growth_hacked the hell out of it.” Read more

“We lack ‘true agency’ on the Internet. That is to say, all of the data we create online and all of the operations we execute are handled for us by centralized servers, most of which sit in massive data centers operated by corporations and government institutions. We depend on these servers for everything.”

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Last year, Google began experimenting with hardware-based schemes for user-authentication, while Apple added two factor authentication to iCloud and Apple ID users. They began sending a verification code to users via a mobile number registered in advance.

Security pundits know that two factor authentication is more secure than simple passwords. As a refresher, “Factors” are typically described like this:

• Something that you know (a password — or even better, a formula)
• Something that you have (Secure ID token or code sent to cell phone)
• Something that you are (a biometric: fingerprint, voice, face, etc.)

The Google project may be just another method of factor #2. In fact, because it is small (easily misplaced or stolen), it simplifies but does not improve on security. I suggest a radical and reliable method of authentication. It’s not new and it’s not my idea…

Continue reading “Passfaces: Strong authentication for the masses” »

*fist pumps*

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Have you ever made a list of pet peeves? I’m not referring to the behavioral quirks that couples develop over years of cohabitation. That’s part of every relationship and it is only addressed through give and take and a lot of patience. Rather, I refer to the little things that have become institutionalized all around us—and yet, we know that they are just plain idiotic. The problem is that they are too small to be picked up by the national news and too common to believe that they can be avoided.

Let’s say that you are driving along a road that comes to an end by forming a ‘T’ at the side of a much busier road. The cross street is busy, but it’s not divided. You plan to make a left turn after clearing a string of high-speed cars approaching from the right.

Conditions are good and there are no obstructions. There is no one coming from the left. Looking to the right, you can see a mile down the road. There are 4 cars speeding toward you, a long space and then a major throng of cars that will tie up the intersection for minutes. You get ready to drop the hammer as soon as that 4th car passes the intersection. You are patient, in a good mood and your car is well tuned.

Continue reading “Pet Peeve #4: Time zones are for locals” »