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  • The irresponsible libertarian rationale for all manner of bad behavior – popular in Silicon Valley – has found its greatest expression in cryptocurrencies like Bitcoin and its ilk. The anonymity of cryptocurrencies had made ransomware a global criminal enterprise.

    Digital mirageCurrencies are traditionally a medium of exchange, a store of value, and a unit of account. Cryptocurrencies are bad at all three.Yes, they are a medium of exchange, but try to buy a house with one. Painful.As a store of value they are extremely unstable, since there is no underlying asset, such as the full faith and credit of a nation. Which directly reflects on the third use of currency – a unit of account – how do you maintain a set of books with a currency whose value is ever shifting?If you own a cryptocurrency and aren’t a criminal, you’re a speculator. To see how that ends, check out Tulip Mania.Anonymity is the problem todayGood arguments can be made for a digital global currency, although that has serious problems too, as the Euro has demonstrated. The real problem is the anonymity that enables criminals to collect multi-million dollar ransoms without fear of being tracked down and brought to justice. How is that a good thing?The bigger problem

    Suppose you are a billionaire. You’ve gotten comfortable with evaluating risks, knowing that you can deploy a phalanx of Ivy league lawyers at $1,000 an hour to make your case and hold off the law. Gosh. Untraceable digital money. No more paying mules to haul cash across national borders. Pay foreign law firms to create shell companies to hide assets – private island, superyacht, arms dealing, drugs, sex trafficking – with untraceable cash. Yum!

    Yeah, the local tax authorities might get lucky and figure out what you’ve done, but really, they don’t have the expertise. Unregulated digital currencies are empowering a whole new level of criminal.Plus, they’ve been hackedMuch of the technical interest in cryptocurrencies is due to the blockchain data structure, a supposedly unhackable storage technology that preserves, forever, the history of a particular coin. But as we’ve seen repeatedly, the blockchain may not be hackable, but the supporting infrastructure surely is. Beyond that, one of these days quantum computing will leave computer science labs and enable the decryption – and rewriting – of cryptographically protected blockchains. Sorry, Mr. Boris owns your Bitcoin, not you. It says so right here.The TakeI’ve been watching cryptocurrencies for years. I get the attraction. But it’s now clear — the Colonial pipe line shutdown is only the latest example — that they need policing. Anonymity, at least, must end.I suspect that with policing, much of the attraction will disappear. Oh well. It doesn’t matter how much technobabble surrounds a bad idea. It’s still a bad idea.Comments welcome. If you think cryptocurrencies are wonderful, please tell me, in as few words as you can manage, why. I’m listening.See also: More

  • Sabrina Ortiz/ZDNETZDNET’s key takeawaysGoogle’s new Pixel 10 lineup incorporates a handful of new AI-powered features. They include photo editing with speech, language translation that uses your voice sample, and prediction of users’ needs.The Pixel 10 Series also includes a one-year subscription to the Google AI Pro plan. Get more ZDNET: Add us as a preferred Google source More

  • CyberCX, the group of security companies headed by two of Australia’s most experienced technology and cyber veterans, has continued its expansion, this time into Queensland.
    The company said it has unified Queensland’s best cybersecurity talent, expertise, and capability to create the state’s leading full-service cybersecurity operator.
    The launch follows CyberCX recently acquiring two Queensland-based cyber companies, Alcorn Group and Yell IT.
    CyberCX said it would work closely with the University of Queensland and QUT to help it grow its Queensland workforce to around 200 over the next 18 months.
    “Queensland is a key market focus for CyberCX. We are the country’s largest, sovereign cybersecurity player and we are passionate about protecting the communities we serve,” CyberCX CEO John Paitaridis said. “CyberCX is well placed to deliver mission-critical cybersecurity services to Queensland businesses and government leveraging our 600 plus cybersecurity specialists nationally.”
    See also: Former PM Turnbull suggests Australia boosts its cyber capability by buying local
    CyberCX in late October also stood up operations in Western Australia after acquiring two local cyber firms, Asterisk Information Security and Diamond Cyber Security.

    Similar to its Brisbane approach, CyberCX said it would work with ECU, UWA, and Curtin University to grow its Western Australian workforce to over 70 cybersecurity professionals over the next year. 
    CyberCX, backed by private equity firm BGH Capital, was formed a year ago when it brought together 12 of Australia’s independent cybersecurity brands: Alcorn, Assurance, Asterisk, CQR, Diamond, Enosys, Klein&Co, Phriendly Phishing, Sense of Security, Shearwater, TSS, and YellIT.
    It is headed by Alastair MacGibbon, former head of the Australian Cyber Security Centre and once special adviser on cybersecurity to former Prime Minister Malcolm Turnbull, as well as Paitaridis, who was formerly Optus Business’ managing director.
    Since launch, CyberCX has gone on an expansion spree, scooping up a number of local cybersecurity startups, which in addition to the Queensland and Western Australian acquisitions, includes identity management firm Decipher Works and cloud security specialists CloudTen in October; and two Melbourne-based startups, Basis Networks and Identity Solutions, in July.
    CyberCX has also pushed into the New Zealand market in August, adding its first Kiwi acquisition in Insomnia Security a month later.
    RELATED COVERAGE More

  • Avast is winding down its subsidiary Jumpshot following an explosive investigation into the sale of user data to third parties that may pose a risk to consumer privacy.  On Thursday, the antivirus vendor said the unit will no longer have access to user information harvested from users of Avast products and services will eventually be […] More

  • Image: Zoom, ZDNet The US Senate and the German Ministry of Foreign Affairs have become the latest organizations to advise staff against using the Zoom video conferencing app. According to a report from the Financial Times, the US Senate sergeant at arms sent an advisory last week warning Senate members and their respective staff against […] More

Internet of Things

  • Samsung Spotlights Next-generation IoT Innovations for Retailers at National Retail Federation’s BIG Show 2017

    Read More

  • That’s Fantasy! The World’s First Stone Shines And Leads You to The Right Way

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  • LG Pushes Smart Home Appliances To Another Dimension With ‘Deep Learning’ Technology

    Read More

  • The Port of Hamburg Embarks on IoT: Air Quality Measurement with Sensors

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Artificial Intelligence

  • in Artificial Intelligence

    Contact-aware robot design

    19 July 2021, 04:00

  • in Artificial Intelligence

    MIT Schwarzman College of Computing awards named professorships to two faculty members

    16 July 2021, 15:45

  • in Artificial Intelligence

    Getting dressed with help from robots

    14 July 2021, 19:15

  • in Artificial Intelligence

    Software to accelerate R&D

    13 July 2021, 04:00

  • in Artificial Intelligence

    Sertac Karaman named director of the Laboratory for Information and Decision Systems

    12 July 2021, 16:00

  • in Artificial Intelligence

    The tenured engineers of 2021

    9 July 2021, 20:00

  • in Artificial Intelligence

    US Air Force pilots get an artificial intelligence assist with scheduling aircrews

    8 July 2021, 18:45

  • in Artificial Intelligence

    Infrared cameras and artificial intelligence provide insight into boiling

    7 July 2021, 20:15

  • in Artificial Intelligence

    Designing exploratory robots that collect data for marine scientists

    7 July 2021, 04:00

Robotics

  • in Robotics

    Roku vs. Fire Stick: I compared the best streaming devices in 2025, and this one wins

    27 November 2025, 01:35

  • in Robotics

    I won’t travel for work without this PC accessory – here’s why it’s worth the bag space

    27 November 2025, 01:24

  • in Robotics

    Roku or Fire TV stick? This $19 deal on Amazon made the decision easy for me

    27 November 2025, 01:23

  • in Robotics

    Verizon is giving away free iPhones, iPads, and Apple Watches – here’s how you can get them

    27 November 2025, 01:18

  • in Robotics

    Verizon customers may qualify for a free Samsung 4K TV for Black Friday – here’s how

    27 November 2025, 01:10

  • in Robotics

    Marshall’s boldest soundbar yet is the company’s first to tempt me away from Sonos

    27 November 2025, 01:00

  • in Robotics

    This sleeper hit Windows laptop was already a steal, but now it’s $500 off

    27 November 2025, 00:55

  • in Robotics

    Shop the best Costco deals for Black Friday 2025 right now

    27 November 2025, 00:52

  • in Robotics

    The 20+ best Black Friday headphones deals, hand-picked by an audio reviewer

    27 November 2025, 00:46

Networking

  • How to install and configure Claude Code, step by step

  • The 9 tech gadgets I couldn’t live without in 2025 (and they don’t include AirTags)

  • How I use AI to bring my kid’s art to life – and why it’s a fun learning opportunity

  • Should you ever turn off Windows Security? It’s tricky, but here’s my rule of thumb

  • I’m a shopping editor, and this is the No. 1 reason I prefer Best Buy over Amazon for tech purchases

  • Best Buy is selling Meta Ray-Ban glasses for $70 off – these sizes and frames included

  • I tested a smart pet door, and it’s the smart home gadget I didn’t know I needed

Data Management & Statistics

  • Method prevents an AI model from being overconfident about wrong answers

  • Groundbreaking poverty alleviation project expands with new Arnold Ventures, J-PAL North America collaboration

  • Roadmap details how to improve exoplanet exploration using the JWST

  • Study: When allocating scarce resources with AI, randomization can improve fairness

  • AI model identifies certain breast tumor stages likely to progress to invasive cancer

  • How to assess a general-purpose AI model’s reliability before it’s deployed

  • Machine learning and the microscope

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