Monero is an anonymous crypto-currency known for being preferred by dark net’s largest marketplaces, where drugs and illicit goods are sold. Darknet marketplaces were made popular by Ross Ulbricht’s Silk Road, which landed him a lifetime in prison.
The newest cryptocurrency craze preys upon modern privacy concerns. It cites how big banks, corporations, and governments keep tabs on everything in the marketing materials. This is very much similar to Bitcoin’s early marketing. Unlike Bitcoin, which has a 21 million market cap, Monero has none. It was forked from Bytecoin.
“There is no safe place to conduct private transactions,” a marketing video for the crypto-currency [...]
Hacked recently covered the efforts of the Chinese government to build unbreakable quantum communication networks. According to analysts, quantum communications networks are so expensive that they could have a “recentralizing effect,” enabling states to recover the ground that they have lost to decentralizing digital technologies. But what if ultra-secure quantum cryptography could be made available to everyone at low cost?
Bitcoin, as the first successful blockchain implementation, is not an unprecedented breakthrough, but it is the first to be applied and adopted at a global rate. The blockchain technology comes from a history of cryptography and security research. The Merkle Tree and distributed hash tables, hit upon in the 1970s, meant autonomy, fault tolerance and scalability for distributed systems. Bitcoin built upon this loose tradition.
If it weren’t for those tools, the world would not have BitTorrent, Napster and Freenet, all of which are used in great deal by the modern web user. What Satoshi Nakamoto did first was combine these above-mentioned distributed communications systems and [...]
At the turn of the century, when the file-sharing service Napster was taken down in a court of law rather than by the competition, Metallica got a lot of press for being against the service and testifying that it had lost the millionaires significant sums of money.
But around that time, another band benefited by exposure to the Napster’s millions of users – Vermont-based Dispatch. Many people received their first introduction to the band at that time and lifelong fans were minted as a result. Like most bands, Dispatch makes most of their money touring anyhow. This example is presented as evidence of a heretical idea – not every content creator loses out because of file [...]