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29 May 2013
The papers have been abuzz with the
shutdown of Liberty Reserve, an online payments system, due to
accusations of large scale money laundering via anonymous transactions.
Many people have noted similarities between LR and Bitcoin and wonder whether Bitcoin is next.
I doubt it, because with Bitcoin, nothing is anonymous.
See more ...
Stable link is https://jl.ly/Money/libcoin.html
11 May 2013
When I was a small boy and needed clothes, my mother would take me
to the Best's department store, where we'd pick something out, and then
go to pay for it.
The clerk would take the money and the slips, put them in a cylindrical
container, and send them off with a whoosh through a pneumatic tube to
somewhere upstairs.
After a delay of what seemed to me to be about a week and a half, our
change and receipt would whoosh back, and we could go.
Buying things with Bitcoin is a lot like that.
It's really, really slow to use, like ten minutes
to several hours per transaction.
While there are workarounds to speed it up, they all break some
of the aspects of Bitcoin that make it different from normal money.
See more ...
Stable link is https://jl.ly/Money/bcslow.html
07 May 2013
Palau is a tiny country of about 20,000 people with excellent snorkeling in the South Pacific.
Like every country, it has a two-letter country domain .PW.
Back in 2004, Palau leased .PW to Encirca, who tried to brand
it as Personal Web, with approximately no success.
Late last year, DirectI took it over and rebranded it
as Professional Web.
They went through an ICANN-style sunrise and landrush process
and apparently got tens of thousands of defensive registrations.
About a month ago, they opened it up to everyone with very cheap $5 registrations,
and the spam began.
See more ...
Stable link is https://jl.ly/Email/palau.html
04 May 2013
One of the managers at .PW sent me a note saying that (paraphrased)
now that the world knows their customers are gushing spam, they're
finally starting to set up some of the anti-abuse measures that they
should have done in the first place.
But then I got my first response to an abuse report:
See more ...
Stable link is https://jl.ly/Email/pwnope.html
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