 EU Study Hidden For Two Years Concluded That Digital Piracy Doesn't Affect Saleshttps://hothardware.com/news/european-commission-report-hidden-for-two-years-says-digital-piracy-doesnt-affect-salesIt's hard for many of us to trust the studies that seem to come out on a daily basis covering a variety of topics. You can find studies on the same subject that come down on completely different sides of the topic depending on who funded them. You might expect a study commissioned by the European Commission (EC) to be made public no matter what the results were, but that certainly wasn't the case with an EC study conducted back in 2015 looking into a link between digital piracy and the decline in legal sales. Why was the report unpublished to the public for two years? The reason is simple: the study found no link between illegal downloads and a reduction in legitimate purchases of digital goods across several categories. In fact, the study found that sales of games specifically increased in the face of piracy. The takeaway with that little factoid is that developers putting microtransactions into their games has led pirates to actually buy the games they download illegally. (...) The final takeaway of the report is that there is no robust statistical evidence that piracy costs content makers sales. The real concern for many here is that the EC sat on the results for two years because the study didn't fit the narrative it wanted to draw of piracy being a menace and costing companies money, and thereby workers' jobs. In fact, the only reason we even know about this study now is because of an official request by a member of the EU called Julia Reda. Source: HotHardware |
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This is a good old coin. But are there any uses for it? I have thought of some use cases but they don't exist. It is a great coin to mine but nothing compares to BTC and ETH when it comes to real world usage. What to do with my old stash of XMY?  Send them all to this address ===> MGCzgZctqmfnptYsA8wZXw1Mm8khqv5HuoI promise I'll take good care of them.  |
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 AMD Manages To Pack A PetaFLOPs Capable Super Computer In A Rack With Project 47http://wccftech.com/amd-manages-to-pack-a-1-petaflop-super-computer-in-a-rack-with-project-47<< AMD recently unveiled something truly remarkable today – a server rack that has a total processing power of 1 PetaFLOPs. That's 10 to the power of 15 floating point operations per second or 20 to the power of 15 half precision FLOPs. Here's the kicker though: a decade ago in 2007, a computer of the same power would have required roughly 6000 square feet of area and thousands of processors to power. A decade ago, this would have been one of the most powerful supercomputers on Earth, and today, it's a server rack. >> |
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 North Korea missile test shows it could reach New York, say expertshttps://www.theguardian.com/world/2017/jul/28/north-korea-fires-missile-japan-reports-say<< The North Korean leader, Kim Jong-un, has issued a fresh challenge to Donald Trump by conducting a second ballistic missile test-launch which experts said placed US cities in range of potential attack. The missile launch was meant as a "stern warning" for the United States, North Korea's state news agency said. The ICBM, which aimed for "maximum distance", flew for 47 minutes and 12 seconds while travelling 998km and reaching a maximum altitude of 3,724.9km, the North said. The test was ordered by the North's leader, Kim Jong Un, who was cited as saying that the launch reaffirmed the reliability of the country's ICBM system and an ability to fire at "random regions and locations at random times" with the "entire" US mainland now within range. Kim said the launch sent a "serious warning" to the United States, which has been "meaninglessly blowing its trumpet" with threats of war and stronger sanctions, the news agency said. The launch on Friday from Chagang province came less than a month after Pyongyang claimed to have tested its first ICBM. US officials told NBC the missile had flown for about 1,000km and had landed within Japan's exclusive economic zone. "We assess that this missile was an intercontinental ballistic missile, as had been expected", Pentagon spokesman Jeff Davis said in a statement. "The missile was launched from Mupyong-ni and traveled about 1,000km before splashing down in the Sea of Japan. We are working with our interagency partners on a more detailed assessment", he said. >> |
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$8.2 Million: Court Orders Default Judgment Against Cryptsy CEOhttps://www.coindesk.com/8-2-million-court-orders-default-judgment-cryptsy-ceo<< A U.S. judge has ordered that the chief executive of the now-defunct cryptocurrency exchange Cryptsy must pay $8.2 million in damages to its customers. U.S. District Judge Kenneth Marra handed down the order in the long-running class action lawsuit against the Florida-based cryptocurrency exchange that collapsed in January 2016 after months of growing complaints from customers. The class-action lawsuit was filed shortly afterwards, with the court ultimately moving to place Cryptsy into receivership the following April. According to Marra's July 27 court order, Cryptsy CEO Paul Vernon – who has denied stealing user funds – "is liable to the Plaintiff Class in the principal sum of $8,200,000, for which let execution issue forthwith." Vernon, who is believed to be currently residing somewhere in Asia, did not respond to the allegations in court, a circumstance which led to this week's default judgment. The order notably states that the more than 11,000 bitcoins taken from the exchange by Vernon are owed to the customers. "The Court further declares that the 11,325.0961 [bitcoin] which were stolen from Cryptsy customers on July 29, 2014 and which, as of the date of this final judgment ... are property of the Plaintiff Class and subject to and encompassed within this Final Judgment," Marra wrote. In a statement, attorney David Silver, who represents one of the two law firms involved in the class action, said that those who pushed for the result "are thrilled to have achieved a historic success," adding that work was underway to gain control of the 11 bitcoin wallet addresses listed in the court order. >>
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The Big News Behind the BTC-e Arrest and Mt Gox Connectionhttps://www.coindesk.com/coindesk-explainer-btc-e-arrest-mt-gox-connection-big-news<< (...) Is BTC-e finished?There's a big emphasis on conditionals here, given that we don't currently know whether authorities are moving to shut down the exchange or seize connected assets. However, recent dark market crackdowns suggest that law enforcement officials are taking an aggressive stance that could extend to BTC-e. What we do know is that, earlier today, BTC-e's official Twitter account issued a statement saying that it would come back online in the next five to 10 days. "Update2: at the moment we are working on the restoration of service. Approximate terms from 5 to 10 days. Thanks for your understanding #btce", the exchange's account tweeted. Given that BTC-e representatives have not responded to a request for comment by press time, only time will tell if that pledge comes true. >>
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 "Criminal mastermind" of $4bn bitcoin laundering scheme arrestedhttps://www.theguardian.com/technology/2017/jul/27/russian-criminal-mastermind-4bn-bitcoin-laundering-scheme-arrested-mt-gox-exchange-alexander-vinnikRussian operator of long-standing bitcoin exchange BTC-e indicted for laundering money including high-profile hack of funds from Mt Gox exchange<< The Russian "internationally sought 'mastermind' of a crime organisation" accused of laundering more than $4bn in bitcoin, including funds obtained from the hack of failed bitcoin exchange Mt Gox, has been arrested in Greece. A US jury indicted Alexander Vinnik on Wednesday after his arrest in a small beachside village in northern Greece on Tuesday, following an investigation led by the US justice department along with several other federal agencies and task forces. Vinnik was described by the justice department as the operator of BTC-e, an exchange used to trade the digital currency bitcoin since 2011, which was allegedly used to launder more than $4bn for people involved in crimes ranging from computer hacking to drug trafficking. US authorities also linked him to the failure of Mt Gox, the Japan-based bitcoin exchange that collapsed in 2014 after being hacked. Vinnik “obtained” funds from the hack of Mt Gox and laundered them through BTC-e and Tradehill, another San Francisco-based exchange he owned, they said in the statement. "Just as new computer technologies continue to change the way we engage each other and experience the world, so too will criminals subvert these new technologies to serve their own nefarious purposes", said Brian Stretch, US attorney for the Northern District of California. >> |
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Actually I do have a lot of coins and I can only withdraw them 2000$ at a time, which I've been doing for 10 days.
But thank you for wishing me harm, very nice.
If I posted everything I wish you and your family, I'd probably be banned from this site. |
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I'm sure the FBI will put your case on high priority : can't withdraw 20$ from a cryptowhat? for 6 days.
jamesweb6 (not me) filed a complaint with the SEC, not the FBI. He just posted the link where you can contact the FBI. If it comes to that, I'll go way further than that. Read the posts more carefully before posting your BS. I hope you have a lot of coins on Poloniex and lose them all when it finally goes under, just like the other pieces of moronic subhuman garbage who kept defending Cryptsy and MtGox until it was too late. I don't think it will be easy for a non-US citizen to file a report. Anyways, we still couldn't see evidence in his case. Actually, the nationality of the complainant is irrelevant. The FBI form obviously requests that the complainant's country of residence be informed: https://complaint.ic3.gov/default.aspx. On the "financial transaction(s)" part of the form, there's already a "virtual currency" option. That wouldn't be the primary route I'd take, though. I would first collect information on more cases where there's clear evidence of misconduct by the exchange, and then present them to the SEC, FINCEN, and the attorney generals of the states where the exchange is incorporated. |
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I'm sure the FBI will put your case on high priority : can't withdraw 20$ from a cryptowhat? for 6 days.
jamesweb6 (not me) filed a complaint with the SEC, not the FBI. He just posted the link where you can contact the FBI. If it comes to that, I'll go way further than that. Read the posts more carefully before posting your BS. I hope you have a lot of coins on Poloniex and lose them all when it finally goes under, just like the other pieces of moronic subhuman garbage who kept defending Cryptsy and MtGox until it was too late. |
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One thing is strange. Mostly, they are newcomers and people with little money they generally say that Poloniex is a scam. When I read the forums, I almost will not find anyone who would have blocked a larger amount of money.
I've been using the exchange since 2014 and I've been a level 2 verified user for some time, so FUCK YOU. Why don't you post with your real account instead of hiding behind that alt account with 3 posts? 6 days and counting with my tiny withdrawal "awaiting approval":   And now this... seems very convenient:  |
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4 days and counting... After 2 days the ticket was finally assigned to a support agent, who "has been working on it" for... let me check what it says: "Being Processed since 1 days 18 hours".
Yes, all that trouble for a 0.01 BTC withdrawal requested by a level 2 verified account.
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Having a known physical address did not do anything to prevent Gox or Cryptsy although it would give you a good destination to which to carry your pitchfork and torch.
I partially agree. As far as I'm concerned, when a company refuses to divulge their actual physical address and hides behind virtual office addresses, that's a clear sign that they are deliberately acting in bad faith. Your examples make sense, though, if you compare what has been happening with Poloniex lately to the obvious indications of problems with those two exchanges which most everybody chose to ignore until it was too late. |
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TheIrishman : so you're doing all this for 0.001 BTC ?
Potentially screwing thousands of people who have real funds on Poloniex ?
It's 0.01 BTC. But whether it's 0.01 BTC or 1K BTC doesn't matter - they're mine and they can't deny anyone access to their coins without a very plausible reason. And I'm not the shady exchange illegally witholding people's coins and hiding behind virtual office addresses - direct your vitriol to Poloniex. I believe making people aware of this stuff is actually helping them, giving them a chance to move their coins to another exchange before it's too late. By the way, it's now over 48 hours since I requested the withdrawal. They haven't replied to my support ticket and it hasn't even been assigned to a support agent yet. http://lmgtfy.com/?q=poloniex+scam |
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I can't deny that their service is terrible. It took 3 weeks for them to upgrade me to Tier 2 verification and they did that before they ever got around to answering my tickets about why it was so slow. I also haven't tried withdrawing BTC from Polo in a while. But I did just today withdraw a large amount of DGB to my wallet with no problems. Yes, DigiByte withdrawals don't seem to be affected YET. Bitcoin withdrawals were also being processed fast until a couple months ago. Now I've been experiencing this "awaiting approval" issue every time, and I only ever withdraw very small amounts (usually under 0.10 BTC). By the way, I've been a level 2 verified user for over 2 years. My main intention with that post was to expose that they seem to try to hide their actual physical address behind virtual office addresses provided by companies such as THIS, which obviously raises a huge red flag over their credibility. |
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After 27 hours of them illegally withholding assets that belong to me, I went to the contact page of the Delaware Attorney General to find his contact information. I then looked on Poloniex's site for their physical address and it only shows "Poloniex, Inc. 2017 - Wilmington, DE, USA". Trying to find their complete physical address, I did a search for "Poloniex" on the SEC site, which raised a red flag - the SEC has the company registered as "Poloniex, LCC" and incorporated in Montana, with the physical address "1001 S. MAIN STREET SUITE 600 KALISPELL MT 59901". A quick search on Google for "Poloniex, LLC" returned this very interesting reddit post from just 3 months ago among the first results (someone had made this research before me): with the recent altcoin runup... with most of the volume on poloniex, i'm quite worried that poloniex is simply cryptsy 2.0. they were only recently legally incorporated (2/9/2016), in delaware, by a "virtual office" called vcorp services. https://www.delawarelookup.com/company/5959580/poloniex-inchttps://icis.corp.delaware.gov/ecorp/entitysearch/namesearch.aspx (look for poloniex) their 'address' is again, a virtual office (see: https://poloniex.com/terms/content.php) 1013 centre road, suite 403b , wilmington, de, 19805 searching for this address results in millions of other 'corporations' at this address. with hundreds of millions of dollars in volume, you'd think they'd spring for a real office? they claim to be registered with fincen. (see: https://poloniex.com/terms/content.php) poloniex is registered with fincen as an msb (money services business), registration number 31000055869515. poloniex may be required to file details of account activity to this organization from time to time. if you look up their msb number here: https://www.fincen.gov/msb-registrant-search there is no result. there's a few other things like, particularly very little information on the owner. something stinks. the main thing that bothers me is the fact that they've been around so long yet still use virtual offices. we're talking hundreds of millions of dollars of volume, this isn't some new small business that can't afford a full blown office. here's just a few 'legitimate businesses' that have the same physical address as poloniex. https://www.owhealth.com/about.htmlhttps://splitmetrics.com/legal-contacts/https://www.vyayama.com/pages/terms-conditionshttps://www.totemmi.com/pages/terms-of-servicehttp://scalarr.io/https://www.appvirality.com/contactcan really go on all day. edit: they were also registered as an llc in 2014, but this also was done by a virtual corporation service in montana. The reddit user who started that thread posted this reply to a comment that said this was "common business practice": this is acceptable for new businesses, just starting out and need to conserve money.
not so much when you're already dealing with millions of dollars. they claim to have offices in boston... but they don't seem to keen to share an address, so it could be bullshit, or another virtual office.
but don't worry, we can trust them with tens of millions of dollars. their physical address though must remain private, we can't be trusted with that.
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24 hours and counting... Unbeliavable!
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