The North Dakota Senate recently introduced a new bill that would prevent Apple and Google from requiring developers to use their respective app stores and payment methods, paving the way for alternative app store options.

In response, Apple Chief Privacy Engineer Erik Neuenschwander said that it "threatens to destroy the iPhone as you know it" by requiring changes that would "undermine the privacy, security, safety, and performance" of the iPhone. Neuenschwander said that Apple "works hard" to keep bad apps from the App Store, and North Dakota's bill would "require us to let them in." MacRumors reports: According to Senator Kyle Davison, who introduced Senate Bill 2333 yesterday, the legislation is designed to "level the playing field" for app developers in North Dakota and shield customers from "devastating, monopolistic fees imposed by big tech companies," which refers to the cut that Apple and Google take from developers. Specifically, the bill would prevent Apple from requiring a developer to use a digital application distribution platform as the exclusive mode of distributing a digital product, and it would keep the company from requiring developers to use in-app purchases as the exclusive mode of accepting payment from a user. There's also wording preventing Apple from retaliating against developers who choose alternate distribution and payment methods.

Apple does not allow apps to be installed on iOS devices outside of the "App Store" and there are no alternate app store options that are available. Apple reviews every app that is made available for its customers to download, something that would not happen with a third-party app store option. Apple also does not let app developers accept payments through methods other than in-app purchase except in select situations, a policy that has led to Apple's legal fight with Epic Games.

No federal legislation has been introduced as of yet, and the North Dakota Senate committee did not take action on the bill. Senator Jerry Klein said that there's "still some mulling to be done" in reference to the bill.

The Internet Archive: The Internet Archive has reached a new milestone: 2 million. That's how many modern books are now in its lending collection -- available free to the public to borrow at any time, even from home. "We are going strong," said Chris Freeland, a librarian at the Internet Archive and director of the Open Libraries program. "We are making books available that people need access to online, and our patrons are really invested. We are doing a library's work in the digital era." The lending collection is an encyclopedic mix of purchased books, ebooks, and donations from individuals, organizations, and institutions. It has been curated by Freeland and other librarians at the Internet Archive according to a prioritized wish list that has guided collection development. The collection has been purpose-built to reach a wide base of both public and academic library patrons, and to contain books that people want to read and access online -- titles that are widely held by libraries, cited in Wikipedia and frequently assigned on syllabi and course reading lists.

"The Internet Archive is trying to achieve a collection reflective of great research and public libraries like the Boston Public Library," said Brewster Kahle, digital librarian and founder of the Internet Archive, who began building the diverse library more than 20 years ago. "Libraries from around the world have been contributing books so that we can make sure the digital generation has access to the best knowledge ever written," Kahle said. "These wide ranging collections include books curated by educators, librarians and individuals, that they see are critical to educating an informed populace at a time of massive disinformation and misinformation." The 2 million modern books are part of the Archive's larger collection of 28 million texts that include older books in the public domain, magazines, and documents. Beyond texts, millions of movies, television news programs, images, live music concerts, and other sound recordings are also available, as well as more than 500 billion web pages that have been archived by the Wayback Machine. Nearly 1.5 million unique patrons use the Internet Archive each day, and about 17,000 items are uploaded daily.

Long ago there were plans for a remastered Xbox 360 version of the Nintendo 64 game "Goldeneye 007" — but they never materialized, and that game became a lost legend. But then Monday Ars Technica interviewed longtime Spanish game streamer Graslu00, who had somehow uploaded a two-hour video demo-ing the lost game. The files came with a peculiar note: "Never say never, release coming soon, James."
Days later Engadget reported: This week, a ROM of a canceled 2007 Xbox 360 remaster of the game appeared online, allowing those with a PC to play it using an emulator. According to VGC (via Polygon), the leaked ROM includes the game's entire single-player campaign, as well as its multiplayer component. It also allows players to seamlessly toggle between the remaster's enhanced textures and effects and the original's blocky N64 graphics.
So this weekend the BBC tracked down videogame designer David Doak, who'd worked on the original 1997 game, who admitted it was fun finally seeing the remastered game "out in the wild." "It is always heart-warming to see that the original game is still so fondly remembered and has obviously brought joy to so many people over almost 25 years since release.

"The current excitement over the leak of this 'naughty remaster' speaks volumes for the impact and enduring legacy of GoldenEye 007."

David Doak also appeared as a character called Dr Doak in the original game, but was replaced in the remastered version. Some gamers have already modified the leaked software to put him back in, which he said was "particularly touching."
Since 2009 he's been using the Twitter handle @DrDoak.

In March he'd tweeted, "Dr Doak works in a chemical weapons facility. He washes his hands regularly and is careful to avoid touching his face. This is good practice. Be like Dr Doak."

Wikipedia on Tuesday unveiled a "universal code of conduct" aimed at stemming abuse, misinformation and manipulation on the global online encyclopedia. From a report: The new code was released by the Wikimedia Foundation, the nonprofit that administers Wikipedia, expanding on its existing policies to create a set of community standards to combat "negative behavior," according to a statement. The new policy aims to thwart efforts to distort and manipulate content on Wikipedia, the largest online encyclopedia which is managed largely by volunteers using "crowdsourced" information. "Our new universal code of conduct was developed for the new internet era, on the premise that we want our contributor communities to be positive, safe and healthy environments for everyone involved," said Katherine Maher, chief executive of the foundation.

"This code will be a binding document for anyone that participates in our projects providing a consistent enforcement process for dealing with harassment, abuse of power and deliberate attempts to manipulate facts." The 1,600-word code was developed with input from some 1,500 Wikipedia volunteers representing five continents and 30 languages, and includes clear definitions of harassment and unacceptable behavior. The code includes language aimed at preventing the abuse of power and influence to intimidate others, and the deliberate introduction of false or inaccurate content.

Despite bad weather and early technical difficulties, employee-owned bluShift Aerospace "made history Sunday afternoon when it launched its prototype rocket, Stardust 1.0," reports Maine's Portland Press Herald: The company became the first in Maine to launch a commercial rocket and the first in the world to launch a rocket using bio-derived fuel... It carried three payloads, two commercial and one, free of charge, from Falmouth High School... The rocket and payloads returned to the ground under a parachute shortly after launch and were retrieved by a team of snowmobilers. The rocket is intended to be reusable and environmentally friendly.

While the components of the biofuel remain a company secret, bluShift CEO Sascha Deri said it is solid, non-toxic and carbon neutral. "I can tell you this much, I discovered it with a friend of mine on my brothers farm here in Maine," he said. The company describes its business model as the Uber of space, where they will target a specific customer who wishes to send their payload into a particular orbit.

"We are targeting people that want to go to a specific orbit, they want to have control of their launches, they want to be the primary payload even though their payload is very small," Deri said.
The rocket is roughly 20 feet tall and 14 inches in diameter, the newspaper reports — noting that an earlier launch planned for January 15th had to be called off due to bad weather. "It turns out launching rockets is complicated, apparently it's rocket science," CEO Deri told them.

"We did learn a lot from that failed launch. We learned, first and foremost, that you can't rely upon weather websites, you really need to use a professional meteorologist."

The Associated Press also reports the rocket carried "a Dutch dessert called stroopwafel, in an homage to its Amsterdam-based parent company. Organizers of the launch said the items were included to demonstrate the inclusion of a small payload."

Long-time Slashdot reader AmiMoJo quotes a recent blog post from BoingBoing: The F-35 Joint Strike Fighter is the most crammed-with-digital-tech fighter jet in history, the product of a multi-decade, trillion-dollar design process that has been famously messy. But the jet is out there, and pilots are flying it. One big design shift with the F-35 is that it removes many of the small physical switches that crowded older jet cockpits, and replaces them with a big touchscreen...

The folks at the Husk-Kit aviation magazine got an (anonymous) pilot of the F-35 to give their candid assessment of the plane, and it turns out the touchscreen causes some serious problems — for this pilot, anyway, an astounding error rate of 20% while trying to activate a feature.

"Researchers from the fields of print media technology, chemistry, physics, acoustics, electrical engineering, and economics from six nations developed a continuous, highly productive, and reliable roll production of loudspeaker webs," reports project manager Georg C. Schmidt. [For those unfamiliar with roll-to-roll processing, it is the process of creating electronic devices on a roll of flexible plastic or metal foil, which, among other things, reduces manufacturing cost.]

This is an improvement upon the 2015 T-Book -- a large-format illustrated book equipped with printed electronics that outputs sound through a speaker invisibly located inside the sheet of paper. "The T-Book was and is a milestone in the development of printed electronics, but development is continuing all the time," says Prof. Dr. Arved C. Hubler, under whose leadership this technology trend has been driven forward for more than 20 years. Phys.Org reports: Not only did they use the roll-to-roll (R2R) printing process for this, but they also developed inline technologies for other process steps, such as the lamination of functional layers. "This allows electronics to be embedded in the paper -- invisibly and protected," says Hubler. In addition, he says, inline polarization of piezoelectric polymer layers has been achieved for the first time and complete inline process monitoring of the printed functional layers is possible. The final project results were published in the renowned journal Advanced Materials.

The potential of loudspeaker paper was extended to other areas of application in the T-Paper project. For example, meter-long loudspeaker installations can now be manufactured in web form or as a circle (T-RING). "In our T-RING prototype, an almost four-meter-long track with 56 individual loudspeakers was connected to form seven segments and shaped into a circle, making a 360-degree surround sound installation possible," says Schmidt. The speaker track, including printed circuitry, weighs just 150 grams and consists of 90 percent conventional paper that can be printed in color on both sides. "This means that low-cost infotainment solutions are now possible in museums, at trade shows and in the advertising industry, for example. In public buildings, for example, very homogeneous sound reinforcement of long stretches such as corridors is possible. But the process technology itself could also become interesting for other areas, such as the production of inline measurement systems for Industry 4.0," says the project manager, looking to the future.

Twitter unveiled a feature Monday meant to bolster its efforts to combat misinformation and disinformation by tapping users in a fashion similar to Wikipedia to flag potentially misleading tweets. From a report: The new system allows users to discuss and provide context to tweets they believe are misleading or false. The project, titled Birdwatch, is a standalone section of Twitter that will at first only be available to a small set of users, largely on a first-come, first-served basis. Priority will not be provided to high-profile people or traditional fact-checkers, but users will have to use an account tied to a real phone number and email address.

"Birdwatch allows people to identify information in Tweets they believe is misleading or false, and write notes that provide informative context," Twitter Vice President of Product Keith Coleman wrote in a press release. "We believe this approach has the potential to respond quickly when misleading information spreads, adding context that people trust and find valuable." While Birdwatch will initially be cordoned off to a separate section of Twitter, the company said "eventually we aim to make notes visible directly on Tweets for the global Twitter audience, when there is consensus from a broad and diverse set of contributors."

Here's an interesting tidbit from The Wall Street Journal: ICQ was a pioneering, mid-1990s internet messaging service then used on bulky PCs on dial-up. It was a precursor to AOL Instant Messenger, and was last in vogue when the TV show "Friends" was in its prime and PalmPilots were cutting edge.

It's been modernized over the years, and now is an app for smartphones. Lately it has skyrocketed up Hong Kong's app charts, with downloads jumping 35-fold in the week ending Jan. 12.

"It recalls my childhood memories," said 30-year-old risk consultant Anthony Wong, who used ICQ when he was in grade school. He has since connected with more than two dozen friends on the platform after some bristled this month at a privacy policy update by WhatsApp that would allow some data to be stored on parent Facebook Inc.'s servers.
Back in 1998 Slashdot's CmdrTaco wrote a story about ICQ being ported to Palm Pilot, and linked to a Wired story about ICQ security flaws. In fact, you can almost tell the history of ICQ just with Slashdot headlines.

- AIM and ICQ to be Integrated (2002)

- Russian Company Buys ICQ (2010)

What's happened since? ICQ's entry on Wikipedia cites a 2018 article in a Russia newspaper.
According to a Novaya Gazeta article published in May 2018, Russian intelligence agencies have access to online reading of ICQ users' correspondence. The article examined 34 sentences of Russian courts, during the investigation of which the evidence of the defendants' guilt was obtained by reading correspondence on a PC or mobile devices. Of the fourteen cases in which ICQ was involved, in six cases the capturing of information occurred before the seizure of the device.

The reason for the article was the blocking of the Telegram service and the recommendation of the Advisor to the President of the Russian Federation Herman Klimenko to use ICQ instead.

Jalopnik shares a story for our times: Adobe's Flash, the web browser plug-in that powered so very many crappy games, confusing interfaces, and animated icons of the early web like Homestar Runner is now finally gone, after a long, slow, protracted death. For most of us, this just means that some goofy webgame you searched for out of misplaced nostalgia will no longer run. For a select few in China, though, the death of Flash meant being late to work, because the city of Dalian in northern China was running their railroad system on it.

Yes, a railroad, run on Flash, the same thing used to run "free online casinos" and knockoff Breakout games in mortgage re-fi ads...

Hell, YouTube used to run on Flash until 2015. It wasn't all stupid little web games but, that said, I can't for the life of me fathom why anyone would want to run a freaking railroad network on it, with physical, multi-ton moving railcars full of human beings on it. So, when Adobe finally killed Flash-based content from running, this Tuesday Dalian's railroad network found itself ground to a halt for 20 hours.

The railroad's technicians did get everything back up and running, but the way they did this is fascinating, too. They didn't switch the rail management system to some other, more modern codebase or software installation; instead, they installed a pirated version of Flash that was still operational. The knockoff version seems to be known as "Ghost Version." This, along with installing an older version of the Flash player to work with the knockoff Flash server setup, "solved" the problem, and the railroad was back up and running.
UPDATE: ZDNet reports that "later reports from Chinese media clarified that railway traffic never stopped in Dalian because of the Flash end-of-life": However, the reports also admitted that there's some truth in the original report and that, indeed, some internal traffic statistics system had stopped working at the rail station on Jan. 12, when Adobe blocked Flash content from working.

The Federal Trade Commission issued multimillion-dollar fines against three bot-powered ticket scalping operations. The Verge reports: The FTC says these organizations bought over 150,000 event tickets over the past four years, nabbing them with automated tools that evaded online purchasing limits. After reselling these tickets for an estimated $26.1 million, they've been accused of breaking a 2016 anti-bot law -- the first time this law has been applied.

Regulators reached a proposed settlement with the ticket selling groups, including $31.6 million in fines. However, most of these fines were suspended because of an inability to pay. The three groups will pay a total of $3.7 million instead, and they'll have to maintain records demonstrating their future compliance with the law. The settlement must still be approved by a judge. [...] While the complaints don't specify which shows the scalpers were targeting, they note that the list includes many sporting events and other performances, including Elton John concerts.

Avi Loeb, former chair of the astronomy department at Harvard University and who chairs the Board on Physics and Astronomy of the National Academies, writing at Scientific American: It is presumptuous to assume that we are worthy of special attention from advanced species in the Milky Way. We may be a phenomenon as uninteresting to them as ants are to us; after all, when we're walking down the sidewalk we rarely if ever examine every ant along our path. Our sun formed at the tail end of the star formation history [PDF] of the universe. Most stars are billions of years older than ours. So much older, in fact that many sunlike stars have already consumed their nuclear fuel and cooled off to a compact Earth-size remnant known as a white dwarf. We also learned recently that of order half [PDF] of all sunlike stars host an Earth-size planet in their habitable zone, allowing for liquid water and for the chemistry of life.

Since the dice of life were rolled in billions of other locations within the Milky Way under similar conditions to those on Earth, life as we know it is likely common. If that is indeed the case, some intelligent species may well be billions of years ahead of us in their technological development. When weighing the risks involved in interactions with less-developed cultures such as ours, these advanced civilizations may choose to refrain from contact. The silence implied by Fermi's paradox ("Where is everybody?") may mean that we are not the most attention-worthy cookies in the jar.

Microsoft has been granted a patent that would allow the company to make a chatbot using the personal information of deceased people. The Independent reports: The patent describes creating a bot based on the "images, voice data, social media posts, electronic messages," and more personal information. "The specific person [who the chat bot represents] may correspond to a past or present entity (or a version thereof), such as a friend, a relative, an acquaintance, a celebrity, a fictional character, a historical figure, a random entity etc," it goes on to say.

"The specific person may also correspond to oneself (e.g., the user creating/training the chat bot)," Microsoft also describes -- implying that living users could train a digital replacement in the event of their death. Microsoft has even included the notion of 2D or 3D models of specific people being generated via images and depth information, or video data.

The idea that you would be able, in the future, to speak to a simulation of someone who has passed on is not new. It is famously the plot of the Black Mirror episode "Be Right Back," where a young woman uses a service to scrape data from her deceased partner to create a chatbot -- and eventually a robot.

An anonymous reader quotes a report from Motherboard: Just after 1 A.M. on January 12, a prolific Wikiepdian edited the entry for the album Death Breathing. The small edit was the addition of a hyperlink and it was the billionth edit done to the English language Wikipedia. "The article on the album Death Breathing was amended by Wikipedian Ser Amantio di Nicolao, one of over 3.9 million edits done by the Wikipedian with the highest edit count other than bots," said a note in Wikimedia-l, a listserv that documents various Wikimedia matters. Wikipedia relies on volunteers who constantly assess, edit, and argue over the specifics of the information in its vast online encyclopedia. Every edit is catalogued, tagged, and assigned a unique URL when it's pushed through. The Death Breathing edit secured the billionth. "Pedants may be aware that this is only the thousand million since the move to MediaWiki software and not all of the hundreds of thousands of previous edits have since been reloaded," the notice said. "So if we could work out the true counts since edit one it probably came one, maybe two days earlier."

"I don't have the exact numbers but there were definitely many edits made that aren't recorded in the current system," Wikiepdian "The Cunctator" told Motherboard in an email. "Many of the UseModWiki edits were reintegrated with the history but there is a lacuna that covers my peak of editing in about August 2001 to February 2002 (I was the primary editor of September 11 related content). I don't know if the edit count reflects deleted edits or edits on deleted pages. One point that isn't made enough when discussing Wikipedia is how much of Google's wealth is built on its abuse of Wikipedia copyleft. But Death Breathing got the edit with the thousand million counter."

With the release of Brave 1.19 today, Brave has become the first major browser maker to support IPFS, a peer-to-peer protocol meant for accessing decentralized or censored content. From a report: Released in 2015, IPFS stands for InterPlanetary File System. It is a classic peer-to-peer protocol similar to BitTorrent and designed to work as a decentralized storage system. IPFS allows users to host content distributed across hundreds or thousands of systems, which can be public IPFS gateways or private IPFS nodes. Users who want to access any of this content must enter an URL in the form of ipfs://{content_hash_ID}. Under normal circumstances, users would download this content from the nearest nodes or gateways rather than a central server. However, this only works if users have installed an IPFS desktop app or a browser extension.

Brave says that with version 1.19, users will be able to access URLs that start with ipfs://, directly from the browser, with no extension needed, and that Brave will natively support ipfs:// links going forward. Since some major websites like Wikipedia have IPFS versions, users in oppressive countries can now use Brave's new IPFS support to go around national firewalls and access content that might be blocked inside their country for political reasons and is available via IPFS.

CNN reports: Twitter on Sunday temporarily suspended the account of Rep. Marjorie Taylor Greene for repeated violations of new rules the social media platform put in place following the violent U.S. Capitol riot earlier this month, a company spokesperson told CNN.

"The account referenced has been temporarily locked out for multiple violations of our civic integrity policy," the spokesperson said. As a result, the congresswoman will be locked out of her account for 12 hours.
CNN also notes that Greene is a QAnon supporter, and that during her 12-hour suspension she'd complained that conservative Americans "shouldn't have to fear being cancelled by American corporations where they work, do business, and use services.

"They shouldn't be scared into submission by Socialists who want to end their way of life."

Long-time Slashdot reader AmiMoJo quotes IEEE Spectrum: Computers use a staggering amount of energy today. According to one recent estimate, data centers alone consume two percent of the world's electricity, a figure that's expected to climb to eight percent by the end of the decade. To buck that trend, though, perhaps the microprocessor, at the center of the computer universe, could be streamlined in entirely new ways.

One group of researchers in Japan have taken this idea to the limit, creating a superconducting microprocessor — one with zero electrical resistance. The new device, the first of its kind, is described in a study published last month in the IEEE Journal of Solid-State Circuits ...

The price of entry for the niobium-based microprocessor is of course the cryogenics and the energy cost for cooling the system down to superconducting temperatures. "But even when taking this cooling overhead into account," says Christopher Ayala, an Associate Professor at the Institute of Advanced Sciences at Yokohama National University, in Japan, who helped develop the new microprocessor, "The AQFP is still about 80 times more energy-efficient when compared to the state-of-the-art semiconductor electronic device, [such as] 7-nm FinFET, available today."

An anonymous reader quotes a report from VentureBeat: Google researchers developed and benchmarked techniques they claim enabled them to train a language model containing more than a trillion parameters. They say their 1.6-trillion-parameter model, which appears to be the largest of its size to date, achieved an up to 4 times speedup over the previously largest Google-developed language model (T5-XXL). As the researchers note in a paper detailing their work, large-scale training is an effective path toward powerful models. Simple architectures, backed by large datasets and parameter counts, surpass far more complicated algorithms. But effective, large-scale training is extremely computationally intensive. That's why the researchers pursued what they call the Switch Transformer, a "sparsely activated" technique that uses only a subset of a model's weights, or the parameters that transform input data within the model.

In an experiment, the researchers pretrained several different Switch Transformer models using 32 TPU cores on the Colossal Clean Crawled Corpus, a 750GB-sized dataset of text scraped from Reddit, Wikipedia, and other web sources. They tasked the models with predicting missing words in passages where 15% of the words had been masked out, as well as other challenges, like retrieving text to answer a list of increasingly difficult questions. The researchers claim their 1.6-trillion-parameter model with 2,048 experts (Switch-C) exhibited "no training instability at all," in contrast to a smaller model (Switch-XXL) containing 395 billion parameters and 64 experts. However, on one benchmark -- the Sanford Question Answering Dataset (SQuAD) -- Switch-C scored lower (87.7) versus Switch-XXL (89.6), which the researchers attribute to the opaque relationship between fine-tuning quality, computational requirements, and the number of parameters.

This being the case, the Switch Transformer led to gains in a number of downstream tasks. For example, it enabled an over 7 times pretraining speedup while using the same amount of computational resources, according to the researchers, who demonstrated that the large sparse models could be used to create smaller, dense models fine-tuned on tasks with 30% of the quality gains of the larger model. In one test where a Switch Transformer model was trained to translate between over 100 different languages, the researchers observed "a universal improvement" across 101 languages, with 91% of the languages benefitting from an over 4 times speedup compared with a baseline model. "Though this work has focused on extremely large models, we also find that models with as few as two experts improve performance while easily fitting within memory constraints of commonly available GPUs or TPUs," the researchers wrote in the paper. "We cannot fully preserve the model quality, but compression rates of 10 to 100 times are achievable by distilling our sparse models into dense models while achieving ~30% of the quality gain of the expert model."

Long-time Slashdot reader serviscope_minor wanted to remind us that 2020 also saw the death of science fiction/fantasy author Debra Doyle at the age of 67 from a sudden cardiac event. "Her works were co-written with her husband, James D. Macdonald," notes her entry on Wikipedia: Her first work written with Macdonald was "Bad Blood" in 1988. Their novel Knight's Wyrd was awarded the Mythopoeic Fantasy Award for Children's Literature in 1992 and appeared on the New York Public Library Books for the Teen Age list in 1993. They published two series, Mageworlds (7 novels) and The Wizard Apprentice (8 novels), and two alternate history novels, Land of Mist and Snow and Lincoln's Sword.

Doyle and Macdonald also published together under other names. They published their first novel, Night of Ghosts and Lightning, in 1989 under the house name Robyn Tallis; two Tom Swift novels under the house name Victor Appleton; Pep Rally, Blood Brothers, and Vampire's Kiss under the house name Nicholas Adams; and two Spider-Man novels as Martin Delrio.

Together Doyle and Macdonald made up part of the core membership of the sff.net website and rec.arts.sff newsgroup. Doyle also taught at the Viable Paradise genre writer's workshop on Martha's Vineyard.

The price of Bitcoin increased 50% — in the last four weeks.

Now priced at $26,579, "Bitcoin is crashing — upward," quips CNN Business: The digital currency has a market value north of $500 billion. Think Bitcoin is just a fad? It's worth more than Visa or Mastercard. Or Walmart...

Its rapid rise has been remarkable — or insane, depending on your appetite for risk. But there's some logic to the run-up: Investors are pouring money into bitcoin and other cryptocurrencies during the Covid-19 pandemic as the Federal Reserve sent interest rates near zero (and expects to keep them there for several more years), severely weakening the US dollar. That makes bitcoin, comparatively, an attractive currency. There's a set limit to the number of bitcoins on the planet, and investors believe that once the supply runs out, the digital coin's value can only increase.

Also aiding in bitcoin's soaring valuation: Big, name-brand investors are stockpiling it, and huge consumer companies are embracing it. That's adding a dose of validity and appeal to cryptocurrency for mainstream investors. For example, a top executive at BlackRock [the world's largest asset manager, with $7.81 trillion in assets under management] recently said the cryptocurrency can replace gold, and Square and PayPal have both embraced bitcoin.
The article also includes some advice from Anthony Scaramucci, founder and managing partner of the global investment firm Skybridge Capital (who was also, for 10 days, White House Communications Director): Scaramucci said people have begun to accept bitcoin — and since it appears in so few portfolios, it has plenty of room to grow. Still, bitcoin is a volatile asset and will be a risky holding if you invest in it. "This thing has a tendency to crash up," he said. "It is due for a correction, and these corrections can be violent." Scaramucci said bitcoin could suddenly tumble 20% to 50%. "You have to be very cautious," he added.

But he also highlighted bitcoin's staying power over the course of the past decade: If you took $1 and put 99 cents of it in cash and a penny in bitcoin, that investment strategy would have outperformed $1 invested in the S&P 500 over the last 10 years, he noted.

"Bitcoin's best days are ahead of it, but it's going to be volatile and I think people need to be prepared for it," Scaramucci told CNN Business.