Wow. Bitcoin is almost $1,500

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Train

Lifer
Jun 22, 2000
13,861
68
91
www.bing.com
I thought it was a university. IIRC he argued that since the DC program was only running on a screensaver he wasn't wasting power or CPU cycles. I don't know enough about DC to have an opinion, but I remember a bunch of poster here thought it was bullshit that they went after him that hard.
A state run university, which is how the "govt property" card gets played,. General consensus on ATOT was that ya, he fucked up for installing something without permission, but it was BS how much the state was asking in damages, something in the millions, or close to it.
 

ultimatebob

Lifer
Jul 1, 2001
25,135
2,445
126
I vaguely remember this. I remember reading this as a wee college kid working in a computer lab.

I was tempted to run it on my lab too. All for useless internet bragging rights to bunch of nobodies I never met.

Making 10/hr doing nothing was the best job i had.

I had the distributed.net RC5-56 client running on a few classroom workstations when I was in college. Just enough to get my "team" in the top 100 :)

Nowadays, I would just use cloud hosting trial accounts instead.
 

Darwin333

Lifer
Dec 11, 2006
19,946
2,328
126
A famous AT forums member got busted running a distributed computing project (pretty sure it was RC5-64) on a bunch of gov computers way back in like 2001 or so. IIRC, He was dragged through court but ended up avoiding major fines or jail time. He did go full on insane shortly after though.

Evidently Dave dropped off the forums because he moved to Florida and tried to become a crypto-millionaire.
 

ViRGE

Elite Member, Moderator Emeritus
Oct 9, 1999
31,516
167
106
I thought it was a university. IIRC he argued that since the DC program was only running on a screensaver he wasn't wasting power or CPU cycles. I don't know enough about DC to have an opinion, but I remember a bunch of poster here thought it was bullshit that they went after him that hard.
Dave McOwen (known here as dmcowen). He swears to this day that he had permission from his boss, but if that's the case, then his boss didn't feel like owning up to it.

The state tried to get him for about $400K and 15 years in jail, which in 2001 was absurd. Especially as the incident occurred 2 years prior. Never mind the fact that this was for something that he didn't (and barring a miracle, never would) profit from in any way.

https://www.theregister.co.uk/2001/07/27/it_worker_faces_jail/

https://www.theregister.co.uk/2002/01/03/the_crime_of_distributed_computing/

https://www.theregister.co.uk/2002/01/18/distributed_computing_case_ends/
 
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Blackjack200

Lifer
May 28, 2007
15,995
1,685
126
Dave McOwen (known here as dmcowen). He swears to this day that he had permission from his boss, but if that's the case, then his boss didn't feel like owning up to it.

The state tried to get him for about $400K and 15 years in jail, which in 2001 was absurd. Especially as the incident occurred 2 years prior. Never mind the fact that this was for something that he didn't (and barring a miracle, never would) profit from in any way.

https://www.theregister.co.uk/2001/07/27/it_worker_faces_jail/

https://www.theregister.co.uk/2002/01/03/the_crime_of_distributed_computing/

https://www.theregister.co.uk/2002/01/18/distributed_computing_case_ends/

Still absurd in 2018. Dave always seemed like a good guy, if a bit quirky.
 

Ns1

No Lifer
Jun 17, 2001
55,413
1,570
126
On the plus side my ETH stack increased 15% since I last posted. On the negative side it's worth 50% less USD lol
 
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DrMrLordX

Lifer
Apr 27, 2000
21,582
10,785
136
Damn near everything is getting hammered. Over the last seven days, nothing with a market cap over $100 million has posted overall gains except Binance Coin (and even it is taking losses over the last 24 hours).

Is this all due to the Google ad ban?

Regardless, anyone looking to jump on a good project cheap now has the opportunity, though I do not think we've hit the bottom long-term. The CFTC still hasn't finished its investigation of Tether Ltd./Bitfinex.
 

ultimatebob

Lifer
Jul 1, 2001
25,135
2,445
126
ETH reaching $500 support level.

What "support level"? It blasted right past it into $400 territory.

Is it time to start dumping this shit? I'd rather not be a bag holder, sitting back and watching in horror as the value of this stuff goes to 0.
 
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ViRGE

Elite Member, Moderator Emeritus
Oct 9, 1999
31,516
167
106
ETH reaching $500 support level.
Faced and broken.

$460 and down and still dropping. Dive baby dive!

(With my luck it'll probably go back up, but the closer it gets to $350 or so, the closer we get to a fixed video card market)
 

ultimatebob

Lifer
Jul 1, 2001
25,135
2,445
126
Faced and broken.

$460 and down and still dropping. Dive baby dive!

(With my luck it'll probably go back up, but the closer it gets to $350 or so, the closer we get to a fixed video card market)

Yeah, Ethermine is projecting my mining profitability at a whopping 67 cents a day now. I think that we'll seeing a bunch of cheap GeForce 1080's on eBay soon :)
 

Ns1

No Lifer
Jun 17, 2001
55,413
1,570
126
Woke up to ETH at 474. VEN at 3.07.


Guess I should have made that wire on Friday after all. Time to take a gander at r/ethtraders
 

Ns1

No Lifer
Jun 17, 2001
55,413
1,570
126
Jesus this 7 day ETH chart.

3ac680a4c55afe25e75c5315a0cdd16f.jpg
 

ultimatebob

Lifer
Jul 1, 2001
25,135
2,445
126
“If you believe that most countries will use some form of digital voting 50 years from now, then blockchain is the only technology that has been created which can provide an end-to-end verifiable and fully-transparent voting solution for this future.”

https://techcrunch.com/2018/03/14/sierra-leone-just-ran-the-first-blockchain-based-election/

Sure, blockchain tech is cool. That has little to nothing to do with the price of Bitcoin, though. There really isn't much backing the price of most cryptocurrency other than rampant speculation.
 

DrMrLordX

Lifer
Apr 27, 2000
21,582
10,785
136
Looks like it hit bottom and is on the rebound. For now. I'd still be a little wary, but at this point it's hard to tell where the trends will lead. Most of the cryptoverse is in the green now over the last 24h.
 

DaveSimmons

Elite Member
Aug 12, 2001
40,730
670
126
“If you believe that most countries will use some form of digital voting 50 years from now, then blockchain is the only technology that has been created which can provide an end-to-end verifiable and fully-transparent voting solution for this future.”

https://techcrunch.com/2018/03/14/sierra-leone-just-ran-the-first-blockchain-based-election/

As far as I know, all of the important blockchain tech was prior art from academic research before it was used in Bitcoin, and there are no key patents held by any cryptocoin group. So use of blockchain does not translate into licensing fees for any coin.