I used to be a bitcoin bull—here’s why that changed

With “buy bitcoin with credit card” trending on Google, investors should be wary.

(credit: Zach Copley)

I used to be a bitcoin bull. As bitcoin's price soared from $13 to more than $1,000 in 2013, lots of people argued it was an unsustainable bubble. I argued the opposite: that bitcoin's price still had a lot of room to rise. And obviously, I turned out to be right, as bitcoin is now worth $17,000—17 times the cryptocurrency's previous peak in late 2013.

Now we're in the midst of another big bitcoin bull market, and I'm much more worried that the market is getting into unsustainable territory. At the beginning of the year, bitcoins were worth $1,000 apiece, and all bitcoins in circulation were worth around $15 billion—still quite small as global financial assets go. Today, each bitcoin is worth $17,000, and all bitcoins in circulation are worth a much more substantial $280 billion. That seems like a lot for a payment network that only processes about four transactions per second.

Meanwhile, there are growing signs that ordinary, unsophisticated investors may be getting in over their heads. Anecdotal reports suggest that people with no real technical or financial expertise are getting interested in cryptocurrency, and some people are even borrowing money to invest in bitcoin. The market is starting to feel like the final month of the dotcom boom, when people started getting tech stock tips from their taxi drivers.

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Japan display unveils 803ppi LCD for virtual reality, sets sights on 1000ppi

It’s not hard to find a smartphone display with over 500 pixels per inch (ppi). But put that display into a virtual reality headset and you can see a bit of a “screen door” effect. Since headsets include lenses that zoom in on the dis…

It’s not hard to find a smartphone display with over 500 pixels per inch (ppi). But put that display into a virtual reality headset and you can see a bit of a “screen door” effect. Since headsets include lenses that zoom in on the display, you can actually see the lines between individual pixels, which […]

Japan display unveils 803ppi LCD for virtual reality, sets sights on 1000ppi is a post from: Liliputing

We can make plants pass out—with the same drugs that mysteriously knock us out

It’s unclear if researchers asked the plants to count backward first, though.

Enlarge / Venus fly traps sit on display at the Berlin-Dahlem Botanical Garden on July 20, 2013 in Berlin, Germany. (credit: Getty | Adam Berry)

A verdant garden, softly draped with all manner of greenery, is a tranquil setting to most. But to scientists, it can be tranquilized further.

Just like humans, plants can succumb to the effects of general anesthetic drugs, researchers report this week in the Annals of Botany. The finding is striking for a variety of reasons—there’s the pesky fact that plants lack a central nervous system, for one thing. But, perhaps more noteworthy is that scientists still aren’t sure how general anesthetics work on humans—let alone plants. Despite that, doctors have been using the drugs daily for more than a century to knock people out and avert pain during surgeries and other medical procedures. Yet the drugs’ exact effects on our body’s cells and electrical signals remain elusive.

The authors of the new study, led by Italian and German plant biologists, suggest that plants could help us—once and for all—figure out the drugs’ mechanism of action. Moreover, the researchers are hopeful that after that’s sorted out, plants could be a useful tool to study and develop new anesthetic drugs. “As plants in general, and the model plant [Arabidopsis] thaliana in particular, are suitable to experimental manipulation (they do not run away) and allow easy electrical recordings, we propose them as ideal model objects to study anaesthesia and to serve as a suitable test system for human anaesthesia,” they conclude.

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Three months in, Destiny 2 has a “quality-of-life” problem

Poor communication causes a conflict between expectations and reality.

Enlarge / Just a few more revolutions until that next Powerful Gear. (credit: Bungie / Getty / Aurich)

Destiny 2 isn’t the game its fans want it to be. That isn’t apparent from the game’s design, which seems to check every box a fan of the original would want. But a quick trip around the Internet shows just how much the sequel is failing to live up to many players’ expectations.

Take this 390-comment thread about the state of Destiny 2, for instance. It reads like the pre-apocalyptic screed you’d find scrawled on a wall in any number of other video games. It got to be so bad that Bungie had to interrupt its Curse of Osiris PR plans to address the complaints. And now that Curse of Osiris is out, the fan reaction isn’t exactly getting better.

That’s a shame, because Destiny 2 is a totally solid first-person shooter, taken in the vein of Bungie’s own previous games. In 40 or 50 hours you could get through every story mission, strike, raid, and a decent bit of the competitive multiplayer. That’s a good amount of content, especially compared to many other first-person shooters, and Destiny 2’s best-in-class action is enough to carry those hours forward enjoyably.

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Star Wars – Die letzten Jedi: Viel Luke und zu viel Unfug

Vor zwei Jahren hat Disney die Macht erwachen lassen, jetzt wird jene dritte Star-Wars-Trilogie im Kino fortgesetzt. Wir freuen uns vor allem über das Wiedersehen mit Luke Skywalker, fühlen uns in manchen Szenen aber wie in der falschen Galaxie. Eine R…

Vor zwei Jahren hat Disney die Macht erwachen lassen, jetzt wird jene dritte Star-Wars-Trilogie im Kino fortgesetzt. Wir freuen uns vor allem über das Wiedersehen mit Luke Skywalker, fühlen uns in manchen Szenen aber wie in der falschen Galaxie. Eine Rezension von Daniel Pook (Star Wars, Film)

Deals of the Day (12-12-2017)

Microsoft’s 12 Days of Deals continues, and today the company is offering deep discounts on gaming laptops, desktops, and accessories, including some bundle deals that let you pick up a gaming PC and a Windows Mixed Reality headset at the same ti…

Microsoft’s 12 Days of Deals continues, and today the company is offering deep discounts on gaming laptops, desktops, and accessories, including some bundle deals that let you pick up a gaming PC and a Windows Mixed Reality headset at the same time. Already have a gaming PC? Tomorrow’s deal will let you pick up a […]

Deals of the Day (12-12-2017) is a post from: Liliputing

How The US Pushed Sweden to Take Down The Pirate Bay

A series of documents released by the US Department of State have revealed how Sweden was pressed to take action against The Pirate Bay. According to US officials, this directly led to law enforcement’s decision to shut down the torrent site more than ten years ago. Sweden, meanwhile, avoided a spot on the feared US Trade Representative’s 301 Watch List.

Source: TF, for the latest info on copyright, file-sharing, torrent sites and more. We also have VPN discounts, offers and coupons

It’s well known that the US Government is actively involved in copyright enforcement efforts around the globe.

In some countries they’ve actively helped write copyright law. Elsewhere, U.S. authorities provide concrete suggestions for improvement, including in Sweden.

After The Pirate Bay was raided for the first time, more than ten years ago, the media highlighted that the U.S. Government and Hollywood pulled strings behind the scenes. However, little was known about what this actually entailed.

Today we can provide more context, thanks to a Freedom of Information request that was sent to the U.S. Department of State. While the events happened a decade ago, they show how action against The Pirate Bay was discussed at the highest political level.

The trail starts with a cable sent from the US Embassy in Sweden to Washington in November 2005. This is roughly six months before the Pirate Bay raid, which eventually resulted in criminal convictions for four men connected to the site.

The Embassy writes that Hollywood’s MPAA and the local Anti-Piracy Bureau (APB) met with US Ambassador Bivins and, separately, with Swedish State Secretary of Justice at the time, Dan Eliasson. The Pirate Bay issue was at the top of the agenda during these meetings.

“The MPA is particularly concerned about PirateBay, the world‘s largest Torrent file-sharing tracker. According to the MPA and based on Embassy’s follow-up discussions, the Justice Ministry is very interested in a constructive dialogue with the US. on these concerns,” the cable reads.

“Embassy understands that State and Commerce officials have also met with Swedish officials in Washington on the same concern,” it adds, with the Embassy requesting further “guidance” from Washington.

The document adds that there has been some movement on the piracy enforcement front in Sweden, with two legal cases pending. However, those were not the targets Hollywood was looking for.

“We have yet to see a ‘big fish’ tried – something the MPA badly wants to see, particularly in light of the fact that Sweden hosts the largest Bit Torrent file-sharing tracker in the world, ‘Pirate-Bay’, which openly flaunts IPR,” the cable writer comments.

Interestingly, Hollywood and the authorities were aware of the fact that a case against The Pirate Bay wouldn’t be an easy one. The site never stored any infringing material directly and had proper legal backing, the cable points out.

“However, it is not clear to us what constraints Sweden and even U.S. authorities would be under in pursuing a case like this when the site is legally well advised and studiously avoids storing any copyrighted material.”

At the time there were some rumors that Sweden would be placed on the US Trade Representative’s 301 Watch List. This could possibly result in negative trade implications. However, in a cable written April 2006, the US Embassy in Sweden was informed that, while there were concerns, it would not be listed. Not yet at least.

“We understand that a specialized organization for enforcement against Internet piracy currently is under consideration,” the cable reads, while mentioning The Pirate Bay once again.

“We are encouraged by reports of ongoing efforts related to Internet piracy in Sweden; however, the increase in Pirate Bay peers, up 74 percent in just the last 7 months, demonstrates the urgent need to step up current efforts dramatically to address this issue in the near term.”

Then the ‘inevitable’ happened. On May 31, 2006, The Pirate Bay was raided by 65 Swedish police officers. They entered a datacenter in Stockholm with instructions to shut down the Pirate Bay’s servers and collect vital evidence.

A few weeks after the raid, the Embassy sent another cable to Washington informing the homefront on the apparent success of their efforts.

“Starting with the Motion Picture Association of America (MPAA) visit to post last fall, Embassy Stockholm has engaged intensely with our Swedish interlocutors in efforts to improve IPR enforcement, in particular with regard to Internet piracy. The actions on May 31 thus mark a significant victory for our IPR efforts.”

The US clearly saw a link between their diplomatic maneuvering and the Pirate Bay raid. This link was also brought up in the media at the time, with news reports citing sources claiming that Justice Minister Bodström and his State Secretary Dan Eliasson ordered the police raid under US pressure.

Interestingly, both Bodström and Eliasson denied any direct involvement of the Justice Ministry with the work of the police and prosecutors in the Pirate Bay case.

While the cables make it very clear that the US wanted The Pirate Bay gone, the Embassy said that the raid went beyond their expectations, suggesting they were not directly involved. The pressure was clearly there though.

In future cables, the Pirate Bay case was often mentioned, with regular updates on the media backlash and progress in the criminal investigation. According to the US Embassy in Sweden, shutting down The Pirate Bay “should not be underestimated as a sign of [Sweden’s] willingness to take action and their position against illegal piracy.”

The cables also make clear that in Washington, the Pirate Bay raid was celebrated as a victory that was directly triggered by US diplomacy.

In a cable sent in April 2007, the Embassy nominated one of its employees, whose name is redacted, for the State Department’s Foreign Service National (FSN) of the year award. Again, The Pirate Bay case was brought up.

“REDACTED has spearheaded-work on Internet piracy enforcement in Sweden. The issue is particularly acute here as Sweden was home to the largest Internet piracy site (Pirate Bay) in the world. The work has involved extensive contacts with the Ministry of Justice, the Motion Picture Agency, as well as the Anti-Piracy Bureau.”

The employee is praised for her diplomatic efforts behind the scenes which directly led to the decision to raid The Pirate Bay, the Embassy writes.

“REDACTED skillful outreach directly led to a bold decision by Swedish law enforcement authorities to raid Pirate Bay and shut it down. This was recognized as a major achievement in Washington in furthering U.S. efforts to combat Internet piracy worldwide.”

Despite US officials taking credit for the Pirate Bay raid, it didn’t turn out to be the success they had hoped for. The notorious torrent site was back online after three days, “flaunting IPR” bolder and braver than ever before.

The press coverage was largely unfavorable towards the US Government and Hollywood, while the people behind the site were seen as heroes by many.

The US Embassy in Sweden was well aware of the delicate situation but kept pushing for stronger copyright measures behind the scenes. This time even further in the background than before.

“The Pirate Bay raid was portrayed as caving to USG pressure. The delicate situation made it difficult, if not counter-productive, for the Embassy to play a public role on IPR issues. Behind the scenes, the Embassy has worked well with all stakeholders,” Washington was informed February 2008.

At the time, Sweden was being considered for the 301 Watch List once again. The Embassy pointed out that, given the public suspicion, this could backfire. The other option was to keep a potential watch list entry as a “looming threat” while Sweden implements the changes they’re looking for.

“The USG [US Govt] has to carefully determine which course of action will be the most productive; (1) a Watch-Listing with potentially negative repercussions in future GOS [Swedish Govt.] cooperation and in the public eye; or (2) continuing to exercise influence behind the scenes, with a potential Watch-Listing looming in the background as a continued threat.”

As our earlier coverage has shown, Sweden then went on to implement a list of copyright changes which also happened to be proposed by US copyright holders. Needless to say, Sweden was never placed on the US Trade Representative’s 301 Watch List.

TorrentFreak spoke with Peter Sunde, one of the Pirate Bay co-founders who was indicted after the raid, and who has since served a jail sentence for his involvement with the site.

He is happy to see the new information being released. This is yet more confirmation of what he and many others have known for quite some time.

While former Swedish State Secretary of Justice Dan Eliasson, who now happens to be the national police commissioner, denied any direct orders from the Justice Ministry, it’s clear that US pressure made an impact.

“It’s been an open secret that the USG was behind the unlawful raid against The Pirate Bay, and exerting their power with threats against Sweden like this. It’s nice to see these documents coming up, interestingly enough from the most secretive of governments,” he says.

There is still a lot of information missing though. The documents mention a fifth person that was supposed to be indicted, for example, which is completely new information. Sunde hopes that Sweden will open up its secret archives as well.

“I’m hoping that Sweden will not follow up and release the 747 documents they’ve classified as secret regarding this affair. The Minister of Justice at the time, Thomas Bodström, said that he would put all the cards on the table so the public would now what happened, but then classified these 747 documents as secret.

“Sweden has a proud history of transparency, celebrating 250 years of freedom of the press this year, and it’s an open sore that these documents are being held as classified,” Sunde adds.

The relevant responses to the Freedom of Information request, which was submitted by Rachael Tackett and shared with TorrentFreak, are available here.

Source: TF, for the latest info on copyright, file-sharing, torrent sites and more. We also have VPN discounts, offers and coupons

PepsiCo reserves 100 Tesla Semis, likely at $20,000 a pop

Big manufacturers, distributors in the US look to slash emissions profiles.

Enlarge (credit: Tesla)

Reuters reported on Tuesday that PepsiCo had recently placed 100 reservations for Tesla Semis. The order is the largest public one to date and may have cost the food and beverage manufacturer as much as $200,000. (The Wall Street Journal reported in November that Tesla had bumped the price of reservations from $5,000 each to $20,000 each.) However, PepsiCo did not comment on how much it actually paid Tesla or whether its reservations were to buy the trucks outright or lease them.

PepsiCo told Reuters that it plans to use the trucks to distribute sodas and snack foods to retailers within a 500-mile radius of its manufacturing centers. The company said it is analyzing routes to find the optimal use case—either sending lighter snack loads longer distances or shipping heavy beverages shorter distances.

PepsiCo’s US fleet currently relies on 100,000 conventional semis, but the company has promised to reduce greenhouse gas emissions across its supply chain by 20 percent by 2030. That distant deadline may play into PepsiCo’s willingness to wait at least two years for Tesla’s electric trucks. Tesla CEO Elon Musk has promised that the semis will arrive in 2019. But the CEO has a history of being overly ambitious on estimated delivery time. (The company’s budget vehicle, the Tesla Model 3, suffered delays and poor production numbers even after the car was supposed to hit mass production this summer.)

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3D NAND: Samsung investitiert doppelt so viel in die Halbleitersparte

3D NAND und DRAM scheinen für Samsung wichtige Aspekte zu sein. Das Unternehmen investiert fast doppelt so viel Geld in diese Sparte als noch 2016. Für Kunden könnte das eventuell niedrigere SSD-Preise, für Konkurrenten niedrigere Marktanteile bedeuten…

3D NAND und DRAM scheinen für Samsung wichtige Aspekte zu sein. Das Unternehmen investiert fast doppelt so viel Geld in diese Sparte als noch 2016. Für Kunden könnte das eventuell niedrigere SSD-Preise, für Konkurrenten niedrigere Marktanteile bedeuten. (Samsung, Intel)

More Intel Gemini Lake CPU details

After officially unveiling its new Gemini Lake line of low-cost, low-power processors yesterday, Intel is starting to share more details about these new low-end processors including their base frequencies and TDPs. There’s a new section of the In…

After officially unveiling its new Gemini Lake line of low-cost, low-power processors yesterday, Intel is starting to share more details about these new low-end processors including their base frequencies and TDPs. There’s a new section of the Intel ARK website for “products formerly Gemini Lake” where you can find out more about the new Celeron […]

More Intel Gemini Lake CPU details is a post from: Liliputing