A Swiss Champion of Empty Promises The Swiss company Bitmine.CH has an appalling track record. They sell miners for cash, they sell hosting plans, they produce their ASIC and they are mining themselves in Iceland. However all this was funded with customer money obtained on repeated empty promises. They have let down a lot of customers, …
The Federal Trade Commission (FTC) have on 18 September 2014 ordered to suspend the activities of ButterFly Labs. Some details: They have taken between 20 and 50 million dollars in pre-orders. Took orders starting June 2012, by September 2013 more than 20,000 customers still not received their orders. Reportedly they have not delivered for 12 months …
What do we stand for? The answer is quite simple: threats and attacks needs to be anticipated and protections must be built pro-actively, in advance before something bad happens and it is maybe too late. The golden standard in information security is: “it’s always better to assume the worst” because “when the unexpected happens, you’ll be glad …
Post in the series “bitcoin mistaken claim of the month”. Bitcoin Wiki and 51% I have today looked at the official Bitcoin wiki which is there to “document [bitcoin] problems openly” and provide an open forum with “loads of discussion about bitcoin’s problems” according to an official and highly respected source. https://en.bitcoin.it/wiki/Weaknesses I have checked and …
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