Kaspersky Labs Report Shows Criminals Are Turning Away from Ransomware to Cryptojacking

Source From https://coinjournal.net/kaspersky-labs-report-shows-criminals-are-turning-away-from-ransomware-to-cryptojacking/

A new report has found that malicious actors are turning their attention away from ransomware to cryptojacking. In recent years, the cryptocurrency market has become a hot topic, attracting more people keen to make a profit from it. Consequently, this has meant that criminals are eager to get involved as well. In a new report […]

The post Kaspersky Labs Report Shows Criminals Are Turning Away from Ransomware to Cryptojacking appeared first on Coinjournal.

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The Tatiana Show – CoinDaddy & Chris Tse of CardStack

Source From https://letstalkbitcoin.com/blog/post/the-tatiana-show-coindaddy-chris-tse

YouTube video here!

Topics Include:

— Decentralization and user-friendly solutions for crypto currencies

— Open Source and shared experiences
— Pop-culture, music and Bitcoin
— The art of ‘hodling’ BitCoin

About the Guests:

CoinDaddy got his start in Cryptocurrency in 2013 as an investor and entrepreneur. In 2017 he decided to meme his way into celebrity status by donning a fake fur coat and making Bitcoin raps, music and becoming the official hype-man of Crypto. He received tremendous media coverage and has been featured in The New York Times, Business Insider, Bloomberg, CNBC, XXL Magazine, and more. He is currently working with CNBC to develop original Cryptocurrency programming.

Chris Tse is a technologist by trade, a designer in practice, and an entrepreneur at heart. Chris has been a designer and architect of “Digital Ecosystems”, from decentralized blockchain applications, to federated cloud-based platforms. He is also the Founding Director of the Cardstack project, leading the creation of the experience layer of the decentralized Internet that will serve as the onramp to blockchain-based economy for the mass market. Chris is the co-founder of Monegraph, where he leads the development of decentralized digital markets that span across the world of art, social media, and commerce. He also leads the technical team at Dot Blockchain Media, applying the open-sourced tools for orchestrating workflows and data flows between enterprise systems and distributed ledgers to the music industry and beyond.

More Info:

Friends and Sponsors of the Show:






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Wendy McElroy: Crypto and the Structure of Class Warfare

Source From https://news.bitcoin.com/wendy-mcelroy-crypto-and-the-structure-of-class-warfare/

Crypto and the Structure of Class Warfare

The Satoshi Revolution: A Revolution of Rising Expectations
Section 4: State Versus Society
Chapter 9, Part 2
Crypto, and the Structure of Class Warfare

The wall separating state and society is crumbling. Or, rather, the state is taking a jackhammer to it in an aggressive attempt to control every aspect of productive and cooperative life…The people you deal with on a daily basis are ceasing to be good neighbors, honest merchants, and disinterested strangers. They are becoming state informants who monitor your expression, your money, your behavior and attitude in order to report you to the authorities. They are ceasing to be “society” and becoming instead “the state.”

Murray Rothbard

Cryptocurrency has an advantage that almost every other alternative money in the past has lacked. It does not mimic state-issued currency or state-controlled transfer systems, such as banks. Its revolutionary structure and function are as uniquely compatible with society as they are antagonistic to the state.

State versus society: Libertarian class analysis is based on the interaction of the two categories, which are in irresolvable conflict with each other. The structure of each class–the arrangement of their parts according to a unifying theme—are also antagonistic. Into this analysis, crypto enters with a framework that rebukes the state and provides society with what it has sadly lacked: a free-market money for the average person. The compatibility of crypto and the free market and crypto is born out by their remarkably similar structures. (“Society” and “the free market are used as synonyms here because, in its broadest definition, the free market” is more than an economic dynamic; for example, there can be a free market of ideas. Broadly defined, the term refers to any free exchange.)

The Structure of State, Society, and Crypto

“Form follows function” means that the basic shape of a thing is determined by its purpose. For Frank Lloyd Wright, the two were inseparable. “Form follows function-that has been misunderstood,” Wright observed. “Form and function should be one, joined in a spiritual union.”
This is true of government or the state; it is also true of society.

The function of a state is to regulate society in a manner that maintains its own existence and privileges. The state uses force or the threat of force to impose its policies; behind every law is a gun and its intimidation value. The purpose of the state defines its form; coercive agencies, such as law enforcement and the military, abound. Intrusive practices, such as the widespread collection of personal data, are the norm. In turn, the agencies and practices require intense centralization and bureaucracy.

The function of society is as a venue where individuals interact peacefully for mutual benefit, whether that benefit is defined in economic, spiritual, or other terms. Society is voluntary, with legal obligations arising only from contract and consent. Because individuals are diverse and unpredictable, the form of society is fluid, quick to respond, and highly decentralized.

The two classes are at war because the state produces no wealth of its own; it takes what is needed from society through taxation in its various manifestations, including inflation. To do so, the state asserts its authority over the peaceful behavior of others, which the others resent.

The state does more than loot society, however. It usurps the functions of society—the interactions that should occur on the free market–such as road construction and financial institutions. Over time, segments of society are reshaped to resemble arms of the state. Banks are a prime example. Free-market banks would serve the needs of customers, including privacy. Current banks are information gathering centers for the state, with customer requirements being secondary.

In the past, the state’s encroachment upon society enjoyed a huge advantage; the state controls the legal definition of money, its issuance and much of its flow. Society had to accept fiat, to tolerate monetary policies, and to live with banking rules. At least, society had no real choice until the explosion of cryptocurrency. Suddenly, individuals became their own banks, and they made their own exchanges…all without the state.

Crypto is the money of society, the money of people. This status is not negated by the fact that some people become ridiculously wealthy through crypto; the free market has always rewarded successful innovators and early adopters. The status is not damaged by crypto experiments that fail; the free market is a brutal laboratory, with many dead ends. Imprudent people, who lose money through foolish acts, discover that the free market is also a corrective mechanism, without compassion. Even fraud does not cast a shadow on crypto as the money of society. Fraud haunts all human activities, especially lucrative ones. And those who appeal to the state for a remedy should remember that the state is institutionalized fraud and theft. Over time, the free market tends toward self-regulation.

What can threaten crypto’s role as the money of society? The greatest danger is the drive to change the function and form crypto from being an expression of society into an expression of the state. The drive for so-called “respectability” involves regulation, state-issuance, and other measures that would reduce crypto to another form of fiat, another form of central banking.

Crypto and Society Share the Same Basic Form

One indication of crypto being the money of society is that the two have the same basic function and form. The function is to empower the individual; form follows. It is no wonder that crypto’s structure parallels that of society itself. The parallels include,

  • A hard structure underlies them both. For crypto, it is the immutable blockchain that is remarkably immune to manipulation or exploitation; for society, it is the inviolable principle of non-aggression.
  • The frameworks do not inhibit diversity. Their security and freedom encourage almost infinite innovations. A major reason: Adopting the underlying structure is not a matter of law but of choice, which is unrestricted thereafter.
  • Third parties are not necessary for many of the transactions. For a complicated exchange, such as one that demands escrow, a third party is useful. Even then, however, the amount of trust required can be limited by strategies like getting in and out quickly.
  • There is no barrier to entry. No state license, no permission, no legal forms.
  • Both crypto and society are decentralized. Among the many advantages of this is that neither has a single point of failure where the entire system is vulnerable to bad actors.
  • The individual is the locus of power. As long as a person retains his or her keys, that person controls their use. The parallel in society is the individual’s right to say “no.”
  • Transactions can be pseudonymous or announced to the world, depending on individual preferences. Crypto purchased with a faux identity, which uses a different wallet for each transaction, can be almost as anonymous as cash.
  • Exchanges are not ideological or political. Crypto and the free market are great levelers of traditional social distinctions, such as the race or religion of a buyer or seller.
  • Crypto and society are both worlds in which wealth is based on merit, including the profits that properly come from taking risks that succeed.

By contrast, the structure of the state is antithetical to that of crypto and the free market. It is based on coercion rather than consent; it is centralized rather decentralized; its wealth comes from confiscation rather than merit. Form follows function.


There is a popular myth about crypto. Namely, that free and state-controlled crypto can co-exist. In theory, it is possible. In practice, it will not happen because state-issued or state-controlled crypto does not merely differ in terms of its origin but also in terms of its form. Crypto cannot serve both state and society; it cannot express both centralized control and decentralized choice. The two may exist in parallel for a time but, inevitably, the state will reach for a monopoly.

Crypto is becoming a new frontier in class warfare between the state and society. The state will try to reshape crypto in order to serve its own purposes. Instead of privacy and individual choice, state crypto will involve total disclosure and regulation. Instead of accessibility for all and the absence of trusted third parties, there will be licenses or bank-like exchanges becoming an unavoidable third party. The incredible benefit of crypto to society will be turned upside down, and it will become a benefit to the state.

State-issued or controlled crypto will be a bitter mockery of the original vision, but it is coming. And one of the major impacts of the Brave New money will be almost invisible; the basic form of crypto will become the opposite of what it was created to express. This goes with the function of crypto changing.

The best hope for free-market crypto is that concepts, such as decentralization, are so deeply embedded into its structure that a state-issue is doomed to fail. As a next resort, of course, the state will regulate what it cannot create. Society’s money will become a bit riskier and more difficult to use.

[To be continued next week.]

Reprints of this article should credit bitcoin.com and include a link back to the original links to all previous chapters

Wendy McElroy has agreed to ”live-publish” her new book The Satoshi Revolution exclusively with Bitcoin.com. Every Saturday you’ll find another installment in a series of posts planned to conclude after about 18 months. Altogether they’ll make up her new book ”The Satoshi Revolution”. Read it here first.

The post Wendy McElroy: Crypto and the Structure of Class Warfare appeared first on Bitcoin News.

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Union Square Ventures to Invest in Crypto and Blockchain Long-Term Without Dedicated Fund

Source From https://cointelegraph.com/news/union-square-ventures-to-invest-in-crypto-and-blockchain-long-term-without-dedicated-fund

New York-based Union Square Ventures is planning to invest in crypto and blockchain in the long-term, but won’t start a separate fund.

Union Square Ventures (USV), a private equity and venture capital firm, has plans to invest in blockchain and cryptocurrencies over the course of the next 10 years, CNBC reports June 29. Those plans, however, do not include establishing a separate fund.

Albert Wenger, managing partner at USV, told CNBC that “we see a lot of upside to keeping it under the same roof.” Despite prevailing the bear market in cryptocurrency, the company has an optimistic long-term view of the industry. Wenger said:

“Investors are rationally pouring a lot of money into this sector, because I think people are seeing the winning blockchain here might be worth a trillion, or a couple of trillion dollars. It’s not at all crazy to think that.”

Though Wenger echoed Steve Wozniak’s statement, that blockchain is a bubble similar to that of dotcom era, he argued that the risk could be justified for those investors who diversify their investments. “Certainly, for any one particular project there's an extremely high chance it won't work. As a result, if it works, the rewards will be very high,” he said.

Speaking about initial coin offerings (ICOs), Wenger called them an "innovative new financing mechanism," though he said they are not suitable for every blockchain project. CNBC, with reference to research firm Autonomous Next, reported that in 2017, ICOs raised $6.6 billion and have reached $9.1 billion this year. Wenger asserted that the amount investors have raised in an ICO is not necessarily an accurate indicator of success. Wenger reportedly owns Bitcoin (BTC) and says that he is aware of the risks to retail investors:

“I don't think you should be in the space and say 'I'm only going to hold Bitcoin.’ At the moment, this whole space is a high risk space, and I don’t think anybody should be investing all of their life savings.”

New York-based USV specializes in startup financing, investing in organizations that apply technology-supporting applications, as well as Internet and web services that establish large networks. USV’s portfolio exceeds 100 companies, containing a number of crypto investments, which include digital currency exchange Coinbase and Ethereum-based virtual collective game CryptoKitties.

In April, USV and Andreessen Horowitz urged the U.S. Securities and Exchange Commission  to consider a cryptocurrency exemption at a private meeting. The crypto investors argued that ICO tokens should not be considered as investments, but as products that can be used to access services of startup companies. It would reportedly allow startups to carry out token sales without observing formalities such as business reviews and financial reports.

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Promoted: Trivver: XR Advertising in an XR World

Source From https://bitcoinmagazine.com/articles/trivver-xr-advertising-xr-world/

Trivver Thumb

Imagine an
enhanced field of vision — one which allows us to seamlessly interact with
others, through the use of our hands and without dependency on a screen.

This future has
arrived — with unparalleled possibilities for advertising, training and
collaboration — free of geographical barriers. Welcome to extended reality (XR),
encompassing mixed reality (MR), augmented reality (AR), virtual reality (VR)
and 3D technology. 

projected market size — $209 billion by 2022 according to Statista
— for AR and VR is massive. Trivver, a cutting-edge, programmatic advertising
startup, is at the nexus of this XR world and traditional advertising. Trivver will
employ blockchain technology for validating advertising, to ensure transparency,
security and efficiency. In pursuing XR technology, Trivver joins the likes of
Facebook, Google and Apple in pushing the boundaries of this new digital

Trivver uses
3D product placement of brand models to deliver advertising — in games,
business, entertainment or sports XR environments. Trivver’s comprehensive XR
advertising platform leverages its suite of patented technologies to deliver 3D
branded objects across environments and platforms, enabling a single model to
autoscale to fit seamlessly with multiple environments. With this technology,
Trivver is poised to enable the adoption, commercialization and monetization of

Trivver provides
advertisers with the ability to engage with today’s rapidly growing XR user
community. In particular, Trivver’s Smart Objects are intended to foster
organic relationships between brands and consumers, leading to less digital ad
friction. In addition, Smart Objects offer unprecedented capability to record
view engagements with brands, including viewability and intent to purchase. 

The platform
provides a set of tools for game developers, retailers, real estate and other
XR content publishers. Trivver is using its Ethereum-based token, TRVR, to promote
development of a library of Generic Smart Objects, the default 3D models that
represent ad spots in the environment. As the library of Generic Smart Objects
grows, it will become available to game developers for future development, as
well as offer a way for XR developers and designers to become part of the
Trivver ecosystem. 

The Genesis

Founded in
2011, Trivver is the brainchild of founder and CEO Joel LaMontagne. A serial
entrepreneur with a background in computer science and mathematics,
LaMontagne’s previous work includes the creation of a patented digital
randomization engine that facilitates nonlinear experiences for online gaming,
education and military training.

epiphany [that led to Trivver] came to me back in 2007 when I witnessed my
twelve-year-old son play an online game and repeat the same level again and
again to achieve a better score, because he learned the game’s pattern,”
LaMontagne said.

He added that
Trivver’s multi-patented technology enables advertisers to easily deploy,
monitor and efficiently measure user actions across all devices inside
AR/VR/MR/3D — really any XR environment. 

“Our ‘one
and done’ IP allows a brand to create a single 3D Branded Object file and send
it to many XR locations in just one click,” he said. 

Trivver’s 3D
Branded Object files, or “branded smart objects,” are native to the environment
they are placed in, creating nondisruptive advertisements that consumers
actually enjoy interacting with. Trivver, LaMontagne added, also monitors and
tracks metrics to provide brands with detailed consumer data.

said that Trivver’s patented technology allows both large and small developers
the ability to “become a part of our network and monetize their published
content.” The Trivver ad network, he said, provides advertisers the ability to
connect with smaller content providers seamlessly.

The “Virtual” Road Map Ahead 

The public
sale of TRVR commenced on June 15.

available TRVR will be issued during the one-time distribution period with no
additional issuance after the close of the campaign. The total number of TRVR
to be issued will be calculated at the end of the distribution period.

“Our desire
is to become the standard in XR advertising,” LaMontagne said. “We want to
enable developers in the XR Space — both large and small — to fund themselves
through advertising, to encourage the improvement of technology that enhances
people’s lives and to make product placement in XR space as relevant and
interesting to users as possible.” 

Note: Trading and investing in
digital assets is speculative and can be high risk. Based on the shifting
business and regulatory environment of such a new industry, this content should
not be considered investment or legal advice.

This promoted article originally appeared on Bitcoin Magazine.

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Bitcoin News Summary – June 25, 2018

Source From https://99bitcoins.com/bitcoin-news-summary-june-25-2018/

The post Bitcoin News Summary – June 25, 2018 appeared first on 99 Bitcoins.

Español Русский Here’s what happened this week in Bitcoin in 99 seconds.   Some market watchers blamed the bearish price action on news that Japan’s largest exchange, BitFlyer, was ordered to suspend new account registrations. Japan’s Financial Services Agency, which oversees crypto exchanges, has demanded that BitFlyer improve their KYC / AML processes. Those who […]

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