Cloud

Trump Administration Calls For Government IT To Adopt Cloud Services (reuters.com) 208

According to Reuters, The White House said Wednesday the U.S. government needs a major overhaul of information technology systems and should take steps to better protect data and accelerate efforts to use cloud-based technology. The report outlined a timeline over the next year for IT reforms and a detailed implementation plan. One unnamed cloud-based email provider has agreed to assist in keeping track of government spending on cloud-based email migration. From the report: The report said the federal government must eliminate barriers to using commercial cloud-based technology. "Federal agencies must consolidate their IT investments and place more trust in services and infrastructure operated by others," the report found. Government agencies often pay dramatically different prices for the same IT item, the report said, sometimes three or four times as much. A 2016 U.S. Government Accountability Office report estimated the U.S. government spends more than $80 billion on IT annually but said spending has fallen by $7.3 billion since 2010. In 2015, there were at least 7,000 separate IT investments by the U.S. government. The $80 billion figure does not include Defense Department classified IT systems and 58 independent executive branch agencies, including the Central Intelligence Agency. The GAO report found some agencies are using systems that have components that are at least 50 years old.
Open Source

Avast Launches Open-Source Decompiler For Machine Code (techspot.com) 113

Greg Synek reports via TechSpot: To help with the reverse engineering of malware, Avast has released an open-source version of its machine-code decompiler, RetDec, that has been under development for over seven years. RetDec supports a variety of architectures aside from those used on traditional desktops including ARM, PIC32, PowerPC and MIPS. As Internet of Things devices proliferate throughout our homes and inside private businesses, being able to effectively analyze the code running on all of these new devices becomes a necessity to ensure security. In addition to the open-source version found on GitHub, RetDec is also being provided as a web service.

Simply upload a supported executable or machine code and get a reasonably rebuilt version of the source code. It is not possible to retrieve the exact original code of any executable compiled to machine code but obtaining a working or almost working copy of equivalent code can greatly expedite the reverse engineering of software. For any curious developers out there, a REST API is also provided to allow third-party applications to use the decompilation service. A plugin for IDA disassembler is also available for those experienced with decompiling software.

Software

T-Mobile Is Becoming a Cable Company (engadget.com) 92

T-Mobile has revealed that it's launching a TV service in 2018, and that is has acquired Layer3 TV (a company that integrates TV, streaming and social networking) to make this happen. The company thinks people are ditching cable due to the providers, not TV itself. Engadget reports: It claims that it can "uncarrier" TV the way it did with wireless service, and has already targeted a few areas it thinks it can fix: it doesn't like the years-long contracts, bloated bundles, outdated tech and poor customer service that are staples of TV service in the U.S. T-Mobile hasn't gone into detail about the functionality of the service yet. How will it be delivered? How much will it cost? Where will it be available? And will this affect the company's free Netflix offer? This is more a declaration of intent than a concrete roadmap, so it's far from certain that the company will live up to its promises. Ultimately, the move represents a big bet on T-Mobile's part: that people like TV and are cutting the cord based on a disdain for the companies, not the service. There's a degree of truth to that when many Americans are all too familiar with paying ever-increasing rates to get hundreds of channels they don't watch. However, there's no guarantee that it'll work in an era when many people (particularly younger people) are more likely to use Netflix, YouTube or a streaming TV service like Sling TV.
The Almighty Buck

Patreon Scraps New Service Fee, Apologizes To Users (theverge.com) 66

Patreon has decided to halt its plans to add a service fee to patrons' pledges, a proposed update that angered many users. "We're going to press pause," CEO Jack Conte tells The Verge. "Folks have been adamant about the problems with the new system, and so basically, we have to solve those problems first." The company plans to work with creators on a plan that will solve issues with the current payment system, but won't create major new problems in their stead. From the report: Conte published a blog post laying out the core problems, alongside an apology. "Many of you lost patrons, and you lost income. No apology will make up for that, but nevertheless, I'm sorry," it reads. "We recognize that we need to be better at involving you more deeply and earlier in these kinds of decisions and product changes. Additionally, we need to give you a more flexible product and platform to allow you to own the way you run your memberships. I know it will take a long time for us to earn back your trust. But we are utterly devoted to your success and to getting you sustainable, reliable income for being a creator."

Conte says that any new system will need to take the popularity of small pledges into account, and preserve the benefits of aggregation. It will also need to give artists more autonomy, rather than announcing a sweeping overall change directly to users. "The overwhelming sentiment was that we overstepped our bounds" with the non-negotiable fee, he says. "I agree, we messed that up. We put ourselves between the creator and their fans and we basically told them how to run their business, and that's not okay." Webcomic creator Jeph Jacques previously quoted Conte as saying Patreon "absolutely fucked up that rollout."

Education

Universities Spend Millions on Accessing Results of Publicly Funded Research (theconversation.com) 76

Mark C. Wilson, a senior lecturer at Department of Computer Science, University of Auckland, writing for The Conversation: University research is generally funded from the public purse. The results, however, are published in peer-reviewed academic journals, many of which charge subscription fees. I had to use freedom of information laws to determine how much universities in New Zealand spend on journal subscriptions to give researchers and students access to the latest research -- and I found they paid almost US$15 million last year to just four publishers. There are additional costs, too. Paywalls on research hold up scientific progress and limit the publicâ(TM)s access to the latest information.
Earth

Almost 45 Million Tons of E-waste Discarded Last Year (apnews.com) 177

A new study claims 44.7 million metric tons (49.3 million tons) of TV sets, refrigerators, cellphones and other electrical good were discarded last year, with only a fifth recycled to recover the valuable raw materials inside. From a report: The U.N.-backed study published Wednesday calculates that the amount of e-waste thrown away in 2016 included a million tons of chargers alone. The U.S. accounted for 6.3 million metric tons, partly due to the fact that the American market for heavy goods is saturated. The original study can be found here (PDF; Google Drive link).
Businesses

No Matter What Happens With Net Neutrality, an Open Internet Isn't Going Anywhere, Says Former FCC Chairman (recode.net) 177

Michael K. Powell, a former chairman of the Federal Communications Commission, writing for Recode: With an ounce of reflection, one knows that none of this will come to pass, and the imagined doom will join the failed catastrophic predictions of Y2K and massive snow storms that fizzle to mere dustings -- all too common in Washington, D.C. Sadly, rational debate, like Elvis, has left the building. The vibrant and open internet that Americans cherish isn't going anywhere. In the days, weeks and years following this vote, Americans will be merrily shopping online for the holidays, posting pictures on Instagram, vigorously voicing political views on Facebook and asking Alexa the score of the game. Startups and small business will continue to hatch and flourish, and students will be online, studiously taking courses. Time will prove that the FCC did not destroy the internet, and our digital lives will go on just as they have for years. This confidence rests on the fact that ISPs highly value the open internet and the principles of net neutrality, much more than some animated activists would have you think. Why? For one, because it's a better way of making money than a closed internet.
AI

What Does Artificial Intelligence Actually Mean? (qz.com) 130

An anonymous reader writes: A new bill (pdf) drafted by senator Maria Cantwell asks the Department of Commerce to establish a committee on artificial intelligence to advise the federal government on how AI should be implemented and regulated. Passing of the bill would trigger a process in which the secretary of commerce would be required to release guidelines for legislation of AI within a year and a half. As with any legislation, the proposed bill defines key terms. In this, we have a look at how the federal government might one day classify artificial intelligence. Here are the five definitions given:

A) Any artificial systems that perform tasks under varying and unpredictable circumstances, without significant human oversight, or that can learn from their experience and improve their performance. Such systems may be developed in computer software, physical hardware, or other contexts not yet contemplated. They may solve tasks requiring human-like perception, cognition, planning, learning, communication, or physical action. In general, the more human-like the system within the context of its tasks, the more it can be said to use artificial intelligence.
B) Systems that think like humans, such as cognitive architectures and neural networks.
C) Systems that act like humans, such as systems that can pass the Turing test or other comparable test via natural language processing, knowledge representation, automated reasoning, and learning.
D) A set of techniques, including machine learning, that seek to approximate some cognitive task.
E) Systems that act rationally, such as intelligent software agents and embodied robots that achieve goals via perception, planning, reasoning, learning, communicating, decision-making, and acting.

AMD

AMD Is Open-Sourcing Their Official Vulkan Linux Driver (phoronix.com) 75

An anonymous reader writes: While many of you have likely heard of the "RADV" open-source Vulkan driver, it's been a community-written driver up to this point in the absence of AMD's official, cross-platform Vulkan driver being open-source. That's now changed with AMD now open-sourcing their official Vulkan driver. The code drop is imminent and they are encouraging the use of it for quick support of new AMD hardware, access to the Radeon GPU Profiler, easy integration of AMD Vulkan extensions, and enabling third-party extensions. For now at least it does provide better Vulkan performance than RADV but the RADV developers have indicated they plan to continue development of their Mesa-based Vulkan driver.
Space

Why Meteoroids Explode Before Hitting the Earth (qz.com) 58

According to a new study from Purdue University, scientists have figured out why meteoroids explode before hitting the Earth. "The research, published in the December issue of the journal Meteoritics & Planetary Science, shows that as meteoroids plunge, the high-pressure air they push against find its way into the objects' pores and cracks, forcing their bodies apart from the inside," reports Quartz. "The result is a kind of detonation that looks like an explosion." From the report: To explain the astrophysics, researchers focused their work on a widely viewed February 2013 meteoroid explosion place over Chelyabinsk, Russia, a city of 1.1 million north of the Kazakhstan border. Researchers ran a computer program that allowed for them to simulate what happened to the meteoroid in the atmosphere. "Our simulations reveal a previously unrecognized process in which the penetration of high-pressure air into the body of the meteoroid greatly enhances the deformation and facilitates the breakup of meteoroids similar to the size of Chelyabinsk," the study states. The researchers added that while the air pressure is effective at breaking apart small meteoroids, larger ones would likely withstand the force as they come to Earth.
The Almighty Buck

The Silicon Valley Paradox: One In Four People Are At Risk of Hunger (theguardian.com) 372

Zorro shares a report from The Guardian: One in four people in Silicon Valley are at risk of hunger, researchers at the Second Harvest food bank have found. Using hundreds of community interviews and data modeling, a new study suggests that 26.8% of the population -- almost 720,000 people -- qualify as "food insecure" based on risk factors such as missing meals, relying on food banks or food stamps, borrowing money for food, or neglecting bills and rent in order to buy groceries. Nearly a quarter are families with children. "We call it the Silicon Valley paradox," says Steve Brennan, the food bank's marketing director. "As the economy gets better we seem to be serving more people." Since the recession, Second Harvest has seen demand spike by 46%. The bank is at the center of the Silicon Valley boom -- both literally and figuratively. It sits just half a mile from Cisco's headquarters and counts Facebook's Sheryl Sandberg among its major donors. But the need it serves is exacerbated by this industry's wealth; as high-paying tech firms move in, the cost of living rises for everyone else.

The scale of the problem becomes apparent on a visit to Second Harvest, the only food bank serving Silicon Valley and one of the largest in the country. In any given month it provides meals for 257,000 people -- 66m pounds of food last year. Because poverty is often shrouded in shame, their clients' situations can come as a surprise. "Often we think of somebody visibly hungry, the traditional homeless person," Brennan said. "But this study is putting light on the non-traditional homeless: people living in their car or a garage, working people who have to choose between rent and food, people without access to a kitchen."

Government

Trump Signs Law Forcing Drone Users To Register With Government (thehill.com) 468

President Trump signed a sweeping defense policy bill into law on Tuesday that will allow the government to require recreational drone users to register their model aircraft. This comes after a federal court ruled in May that Americans no longer have to register non-commercial drones with the Federal Aviation Administration (FAA) "because Congress had said in a previous law that the FAA can't regulate model aircraft," reports The Hill. From the report: In December 2015, the FAA issued an interim rule requiring drone hobbyists to register their recreational aircraft with the agency. The rule -- which had not been formally finalized -- requires model aircraft owners to provide their name, email address and physical address; pay a $5 registration fee; and display a unique drone ID number at all times. Those who fail to comply could face civil and criminal penalties. While Congress directed the FAA to safely integrate drones into the national airspace in a 2012 aviation law, lawmakers also included a special exemption to prevent model aircraft from being regulated. A D.C.-based appeals court cited the 2012 law in its ruling striking down the FAA drone registry, arguing that recreational drones count as model aircraft and that the registry counts as a rule or regulation.
Businesses

Trump Signs Into Law US Government Ban on Kaspersky Lab Software (reuters.com) 140

President Donald Trump signed into law on Tuesday legislation that bans the use of Kaspersky Lab within the U.S. government, capping a months-long effort to purge the Moscow-based antivirus firm from federal agencies amid concerns it was vulnerable to Kremlin influence. From a report: The ban, included as part of a broader defense policy spending bill that Trump signed, reinforces a directive issued by the Trump administration in September that civilian agencies remove Kaspersky Lab software within 90 days. The law applies to both civilian and military networks. "The case against Kaspersky is well-documented and deeply concerning. This law is long overdue," said Democratic Senator Jeanne Shaheen, who led calls in Congress to scrub the software from government computers. She added that the company's software represented a "grave risk" to U.S. national security.
Bitcoin

SEC Shuts Down Munchee ICO (techcrunch.com) 43

The Securities and Exchange Commission has shut down Munchee, a company that built a $15 million token sale. According to TechCrunch, "The Munchee ICO aimed to fund the MUN coin, a payment system for restaurant reviews." However, the company "received a cease and desist from the SEC on December 11" because it constituted the offer and sale of unregistered securities. From the report: Within the SECs findings they noted that Munchee touted itself as a "utility" token which means that the company believed the MUN token would be primarily used within the Munchee ecosystem and not be used to fund operations. However, thanks to an application of the Howey Test (a Supreme Court finding that essentially states that any instrument with the expectation of return is an investment vehicle), the SEC found the Munchee was actually releasing a security masquerading as a utility. "Munchee offered MUN tokens in order to raise capital to build a profitable enterprise," read the SEC notice. "Munchee said that it would use the offering proceeds to run its business, including hiring people to develop its product, promoting the Munchee App, and ensuring 'the smooth operation of the MUN token ecosystem.'" The stickiest part? Munchee claimed that its coins would increase in value thanks to a convoluted process of growth.

In short, Munchee was undone by two things: depending on the token sale as a vehicle to raise cash for operations and using the typically spammy and scammy marketing efforts most ICO floggers use now, tactics taken directly from affiliate marketing handbooks. Fortunately, Munchee was able to return all $15 million to the 40 investors that dumped their coins into scheme.

Bitcoin

SEC Warns 'Extreme Caution' Over Cryptocurrency Investments As Many People Take Out Mortgages To Buy Bitcoin (qz.com) 233

The head of the US Securities and Exchange Commission has warned bitcoin and other cryptocurrency investors to beware of scams and criminal activity in the sector. In the financial regulator's strongest statement yet, SEC chair Jay Clayton said: "If a promoter guarantees returns, if an opportunity sounds too good to be true, or if you are pressured to act quickly, please exercise extreme caution and be aware of the risk that your investment may be lost." The warning comes at a time when many people have begun to take out mortgages to buy bitcoin. From a report: Clayton's statement was also issued the same day the SEC took regulatory action to halt an initial coin offering (ICO). "Recognize that these markets span national borders and that significant trading may occur on systems and platforms outside the United States. Your invested funds may quickly travel overseas without your knowledge," he wrote, in a sentence that was in bold. Clayton's statement referenced some of the crucial debates that have swirled around the rise and regulation of crypto-assets like bitcoins. Are these currencies? Commodities? Or securities? The statement notes in a footnote that bitcoin in the US has been designated a commodity. But the broader answer seems to be that while it depends from case to case, initial coin offerings, at least, are more likely to be scrutinized and held to the same bar as securities offerings.
Businesses

Why Google and Amazon Are Hypocrites (om.blog) 245

Amazon earlier this month responded to Google's decision to remove YouTube from all Fire TV products and the Echo Show. Google says it's taking this extreme step because of Amazon's recent delisting of new Nest products (like Nest Secure and the E Thermostat) and the company's long-running refusal to sell Chromecast or support Google Cast in any capacity. Veteran journalist Om Malik writes: This smacks of so much hypocrisy that I don't even know where to start. The two public proponents of network neutrality and anything but neutral about each other's services on each other's platforms. They can complain about the cable companies from blocking their content and charging for fast lanes. The irony isn't lost on me even a wee bit. They are locked in a battle to collect as much data about us -- what we shop, what we see, what we do online and they do so under the guise of offering us services that are amazing and wonderful. They don't talk about what they won't do with our data, instead, they bicker and distract. So to think that these purveyors of hyper-capitalism will fight for interests of consumers is not only childish, it is foolish. We as end customers need to figure out who is speaking on our behalf when it comes to the rules of the Internet.
The Internet

129 Million Americans Can Only Get Internet Service From Companies That Have Violated Net Neutrality (vice.com) 143

An anonymous reader quotes a report from Motherboard: Based on the Federal Communications Commission's own data, the Institute for Local Self Reliance found that 129 million Americans only have one option for broadband internet service in their area, which equals about 40 percent of the country. Of those who only have one option, roughly 50 million are limited to a company that has violated net neutrality in some way. Of Americans who do have more than one option, 50 million of them are left choosing between two companies that have both got shady behavior on their records, from blocking certain access to actively campaigning against net neutrality.

Aside from being a non-ideal situation for consumers like me, this lack of competition is another dock against the FCC's plan to repeal net neutrality rules later this week. In arguing against net neutrality rules, FCC Chairman Ajit Pai has repeatedly cited a free market as just as capable of ensuring internet freedom as government regulations. "All we are simply doing is putting engineers and entrepreneurs, instead of bureaucrats and lawyers, back in charge of the internet," Pai said on Fox News's "Fox & Friends," in November. "What we wanted to do is return to the free market consensus that started in the Clinton administration and that served the internet economy in America very well for many years." But how can market competition regulate an industry when more than a third of the market has no competition at all, and even those that do have to choose between options that don't uphold net neutrality?

Education

France To Ban Mobile Phones In Schools (theguardian.com) 191

The French government is planning to ban students from using mobile phones in the country's primary, junior and middle schools. While children will be permitted to bring their phones to school, they will not be allowed to get them out at any time until they leave, even during breaks. The Guardian reports: Jean-Michel Blanquer, the French education minister, said the measure would come into effect from the start of the next school year in September 2018. It will apply to all pupils from the time they start school at age of six -- up to about 15 when they start secondary school. Blanquer said some education establishments already prohibited pupils from using their mobiles. "Sometimes you need a mobile for teaching reasons [...] for urgent situations, but their use has to be somehow controlled," he told RTL radio. The minister said the ban was also a "public health message to families," adding: "It's good that children are not too often, or even at all, in front of a screen before the age of seven." The French headteachers' union was skeptical that the ban could be enforced.
Bitcoin

Bitcoin Fees Are Skyrocketing (arstechnica.com) 272

An anonymous reader quotes a report from Ars Technica: The cost to complete a Bitcoin transaction has skyrocketed in recent days. A week ago, it cost around $6 on average to get a transaction accepted by the Bitcoin network. The average fee soared to $26 on Friday and was still almost $20 on Sunday. The reason is simple: until recently, the Bitcoin network had a hard-coded 1 megabyte limit on the size of blocks on the blockchain, Bitcoin's shared transaction ledger. With a typical transaction size of around 500 bytes, the average block had fewer than 2,000 transactions. And with a block being generated once every 10 minutes, that works out to around 3.3 transactions per second. A September upgrade called segregated witness allowed the cryptographic signatures associated with each transaction to be stored separately from the rest of the transaction. Under this scheme, the signatures no longer counted against the 1 megabyte blocksize limit, which should have roughly doubled the network's capacity. But only a small minority of transactions have taken advantage of this option so far, so the network's average throughput has stayed below 2,500 transactions per block -- around four transactions per second.
Bitcoin

In-Store WiFi Provider Used Starbucks Website To Generate Monero Coins (hackread.com) 30

hjf writes: On December 2nd, Twitter user Noah Dinkin tweeted a screenshot that showed that Starbucks' in-store "free WiFi" is using their captive portal to briefly mine the Monero cryptocurrency during the 10-second delay splash screen. Starbucks has not yet responded to the tweet, and neither has their wifi provider, Fibertel Argentina. While Dinkin mentioned that the culprit behind the scheme could be Starbucks' in-store wifi provider, it's possible that a cybercriminal could have hacked their website to place CoinHive code secretly. HackRead notes that "just a few days ago researchers identified more than 5,000 sites that were hijacked to insert CoinHive code, yet Starbucks' direct involvement is still unclear." CoinHive is a company that produces a JavaScript miner for the Monero Blockchain that you can embed in your website. Any coins mined by the browser are sent to the owner of the website.
AI

AI-Assisted Fake Porn Is Here and We're All Screwed (vice.com) 291

New submitter samleecole shares a report from Motherboard: There's a video of Gal Gadot having sex with her stepbrother on the internet. But it's not really Gadot's body, and it's barely her own face. It's an approximation, face-swapped to look like she's performing in an existing incest-themed porn video. The video was created with a machine learning algorithm, using easily accessible materials and open-source code that anyone with a working knowledge of deep learning algorithms could put together. It's not going to fool anyone who looks closely. Sometimes the face doesn't track correctly and there's an uncanny valley effect at play, but at a glance it seems believable. It's especially striking considering that it's allegedly the work of one person -- a Redditor who goes by the name 'deepfakes' -- not a big special effects studio that can digitally recreate a young Princess Leia in Rouge One using CGI. Instead, deepfakes uses open-source machine learning tools like TensorFlow, which Google makes freely available to researchers, graduate students, and anyone with an interest in machine learning. Anyone could do it, and that should make everyone nervous.
NASA

President Trump Is Sending NASA Back To The Moon (npr.org) 307

President Trump has formally told NASA to send U.S. astronauts back to the moon. From a report: "The directive I'm signing today will refocus America's space program on human exploration and discovery," he said. Standing at the president's side as he signed "Space Policy Directive 1" on Monday was Apollo 17 astronaut Harrison Schmitt, one of the last two humans to ever walk on the moon, in a mission that took place 45 years ago this week. Since that time, no human has ventured out beyond low-Earth orbit. NASA doesn't even have its own space vehicle, having retired the space shuttles in 2011. Americans currently ride up to the international space station in Russian capsules, though private space taxis are expected to start ferrying them up as soon as next year.
Bitcoin

The Case that Bitcoin Is a Bubble (economist.com) 264

An anonymous reader shares an excerpt from the Economist: It seems that every day, Bitcoin seems to hit a new high. But the reported price can move up and down by $1,000 or so within a few hours. This might have made it a great investment for those who got in at the right price and are nimble enough to get out in time. But it doesn't make it a useful means of exchange (Editor's note: the link could be paywalled; alternative source). When the price is rising fast, those who use bitcoin will be reluctant to part with it; when the price falls, those who sell goods will be reluctant to accept it.
Bitcoin

Bitcoin Futures Surge In First Day Of Trading (npr.org) 64

On their first day of trading, bitcoin futures surged past $18,000, adding to a streak for the digital currency that began the year at just $1,000 and has nearly tripled in value over the past month alone. From a report: Reuters reports that bitcoin futures, traded through the Chicago Board Options Exchange (CBOE), saw January contracts, which opened at $15,460 in New York on Sunday evening, leap to a high of $17,170 during Asian hours. Trading, which began at 6 p.m. ET (5 p.m. CT), was so intense that halts designed to cool volatility were triggered twice on the CBOE. The halts are "not surprising based on the volatility of the underlying [asset]. The futures are behaving as expected and designed," Tom Lehrkinder, senior analyst at consulting firm Tabb Group, was quoted by CNBC as saying.
Debian

Does Systemd Makes Linux Complex, Error-Prone, and Unstable? (ungleich.ch) 751

"Systemd developers split the community over a tiny detail that decreases stability significantly and increases complexity for not much real value." So argues Nico Schottelius, talking about his experiences as the CEO of a Swiss company providing VM hosting, datacenters, and high-speed fiber internet. Long-time Slashdot reader walterbyrd quotes Nico's essay: While I am writing here in flowery words, the reason to use Devuan is hard calculated costs. We are a small team at ungleich and we simply don't have the time to fix problems caused by systemd on a daily basis. This is even without calculating the security risks that come with systemd. Our objective is to create a great, easy-to-use platform for VM hosting, not to walk a tightrope...

[W]hat the Devuan developers are doing is creating stability. Think about it not in a few repeating systemd bugs or about the insecurity caused by a huge, monolithic piece of software running with root privileges. Why do people favor Linux on servers over Windows? It is very easy: people don't use Windows, because it is too complex, too error prone and not suitable as a stable basis. Read it again. This is exactly what systemd introduces into Linux: error prone complexity and instability. With systemd the main advantage to using Linux is obsolete.

The essay argues that while Devuan foisted another choice into the community, "it is not their fault. Creating Devuan is simply a counteraction to ensure Linux stays stable. which is of high importance for a lot of people."
The Almighty Buck

Launch of Bitcoin Futures Trading Crashes CBOE Site (thestreet.com) 97

"5PM CT is the start of Bitcoin futures trading and the $CBOE website appears to be down," one market watcher posted on Twitter (and his observation was quickly confirmed by other cryptocurrency-watching accounts and confirmed by CBOE). "I'm guessing watching Bitcoin futures start trading is a more popular spectator sport than anticipated."

Bitcoin futures will also begin trading on the Chicago Mercantile Exchange in eight days. The Street report that the anticipation of that "has triggered wild swings in bitcoin prices over the last week." Overall, trading bitcoin futures is a positive development for the cryptocurrency says the research team at Fundstrat... The introduction of derivatives lays the necessary market structure for institutions to allocate cash towards cryptocurrencies, points out Fundstrat... Short sellers may now express negative views on bitcoin, which could lead to short-term pricing pressure. But the ability for short sellers to hate on bitcoin could be viewed as a longer term positive, Fundstrat says. Shorting essentially creates true price discovery and means that hedge funds could take bitcoin more seriously. This should improve the long-term prospects of bitcoin as it broadens sponsorship, Fundstrat believes.
The Almighty Buck

Coinbase Warns During Times of High Volatility, Access Could Become 'Unavailable' (cityam.com) 90

An anonymous reader quotes City AM: A leading bitcoin exchange has warned that customers may be unable to get their money out quickly in the event of a crash in the cryptocurrency's price. Writing in a blog post last week, Coinbase's co-founder and chief executive Brian Armstrong, said despite "sizeable and ongoing" increases in the firm's technical infrastructure and engineering staff, access to Coinbase services could become "degraded or unavailable during times of significant volatility or volume. This could result in the inability to buy or sell for period of time," he said.

Armstrong added that there would be restrictions on how much customers could sell, or sell limits, to "protect client accounts and assets"... Bitcoin's market capitalisation rose above $300 billion for the first time earlier this week when its price rocketed to an all-time high of just over $17,000. Many analysts have warned that bitcoin represents an unsustainable bubble, though no one is quite sure when it will burst.

United States

FCC Refuses Records For Investigation Into Fake Net Neutrality Comments (variety.com) 164

"FCC general counsel Tom Johnson has told the New York State attorney general that the FCC is not providing information for his investigation into fake net-neutrality comments, saying those comments did not affect the review, and challenging the state's ability to investigate the feds." Variety has more: The FCC's general counsel, in a letter to New York Attorney General Eric Schneiderman, also dismissed his concerns that the volume of fake comments or those made with stolen identities have "corrupted" the rule-making process... He added that Schneiderman's request for logs of IP addresses would be "unduly burdensome" to the commission, and would "raise significant personal privacy concerns."

Amy Spitalnick, Schneiderman's press secretary, said in a statement that the FCC "made clear that it will continue to obstruct a law enforcement investigation. It's easy for the FCC to claim that there's no problem with the process, when they're hiding the very information that would allow us to determine if there was a problem. To be clear, impersonation is a violation of New York law," she said... "The only privacy jeopardized by the FCC's continued obstruction of this investigation is that of the perpetrators who impersonated real Americans."

One of the FCC's Democratic commissioners claimed that this response "shows the FCC's sheer contempt for public input and unreasonable failure to support integrity in its process... Moreover, the FCC refuses to look into how nearly half a million comments came from Russian sources."
Security

Touting Government/Industry 'Partnership' on Security Practices, NIST Drafts Cybersecurity Framework Update (scmagazine.com) 15

Remember NIST, the non-regulatory agency of the U.S. Department of Commerce? Their mission expanded over the years to protecting businesses from cyberthreats, including a "Cybersecurty Framework" first published in 2014. "The original goal was to develop a voluntary framework to help organizations manage cybersecurity risk in the nation's critical infrastructure, such as bridges and the electric power grid," NIST wrote in January, "but the framework has been widely adopted by many types of organizations across the country and around the world." Now SC Media reports: The second draft of the update to the National Institute of Standards and Technology's cybersecurity framework, NIST 1.1, is meant "to clarify, refine, and enhance the Cybersecurity Framework, amplifying its value and making it easier to use," according to NIST. Specifically, it brings clarity to cybersecurity measurement language and tackles improving security of the supply chain. Calling the initial NIST CSF "a landmark effort" that delivered "important benefits, such as providing common language for different models" of standards and best practices already in use, Larry Clinton, president and CEO of the Internet Security Alliance, said "it fell short of some of the most critical demands of Presidential Executive Order 13636, which generated its development...

"To begin with, the new draft makes it clear that our goal is not some undefined metric for use of the Framework, but for effective use of the Framework. Moreover, this use-metric needs to be tied not to some generic standard, but to be calibrated to the unique threat picture, risk appetite and business objective of a particular organization"... Clinton praised the process used by NIST as "a model 'use case' for how government needs to engage with its industry partners to address the cybersecurity issue." The internet's inherent interconnectedness makes it impossible for sustainable security to be achieved through anything other than true partnership, he contended.

Slashdot reader Presto Vivace reminds you that public comments on the draft Framework and Roadmap are due to NIST by 11:59 p.m. EST on January 19, 2018. "If you have an opinion about this, NOW is the time to express it."
Books

San Diego Comic-Con Wins Trademark Suit Against 'Salt Lake Comic Con' (deseretnews.com) 117

The Deseret News reports: A jury has found that Salt Lake Comic Con founders Dan Farr and Bryan Brandenburg, along with their company, violated a trademark when they named their fan convention a "comic con." However, the jury decided that the trademark was not willfully violated, and only awarded $20,000 of the $12 million that San Diego Comic-Con had asked for in damages. The decision came at the end of an eight-day jury trial and three years of legal maneuvering... And with an estimated 140 other fan conventions across the country calling themselves comic cons, the impact of the decision could be felt nationwide...

The Salt Lake group also has an ongoing action with the U.S. Patent and Trademark Office seeking to invalidate San Diego's "comic-con" trademark... San Diego Comic-Con, which has been holding events since 1970, has a trademark on "comic-con" with a hyphen, but was unsuccessful in its 1995 bid to trademark "comic con," with a space. The unhyphenated name "Comic Con International," as well as the event's iconic "eye logo," are also protected by trademark. The event maintains that its trademarks cover the term "comic con" in all its forms...

San Diego Comic-Con wanted more than $12 million in damages from Salt Lake, including over $9 million for a three-month "corrective advertising campaign" to dispel confusion... In his closing arguments, Michael Katz, an attorney for Salt Lake Comic Con, questioned the amount San Diego was seeking, noting that San Diego authorities said during trial the organization generally spends between $20,000 and $30,000 for a month of advertising.

Slashdot reader AlanBDee writes: When I attended the Salt Lake City Comic Con I did assume it was the same organization that put on San Diego Comic-Con... But now I have to wonder how that will affect other Comic Cons around the nation? What should these comic based fan conventions be called if not Comic Con?
Power

China Has Launched the World's First All-Electric Cargo Ship (futurism.com) 150

slash.jit writes: China has launched the world's first all-electric cargo ship. It can travel 80 kilometers (approximately 50 miles) after being charged for 2 hours. As noted by Clean Technica, 2 hours is roughly the amount of time it would take to unload the ship's cargo while docked. Oh...and Ironically, the world's first all-electric cargo ship is being used to move coal.
China Daily reports that the 230 foot long vessel is equipped with a 2,400 kWh lithium-ion battery, a cheaper and cleaner power supply. And Clean Technica notes that that battery is comprised of 1,000 individual lithium-ion packs, while "Adding enough power to carry more cargo is simply a matter of adding more battery packs."
Bug

Google Glitch Took Thousands of Chromebooks Offline (geekwire.com) 77

Slashdot reader Bismillah was the first to notice stories about Chromebooks going offline. GeekWire reports: Tens of thousands, perhaps millions, of Google Chromebooks, widely prized by schools due to their low cost and ease of configuration, were reported to be offline for several hours on Tuesday. The apparent cause? A seemingly botched WiFi policy update pushed out by Google that caused many Chromebooks to forget their approved network connection, leaving students disconnected.
Google eventually issued a new network policy without the glitch -- but not everyone was satisfied. The Director of Technology at one school district complains Google waited three and a half hours before publicly acknowledging the problem -- adding that "manually joining a WiFi network on 10,000+ Chromebooks is a nightmare."
Debian

Updated Debian Linux 9.3 and 8.10 Released (debian.org) 49

An anonymous reader writes: The Debian project is pleased to announce the third update of its stable distribution Debian 9 (codename stretch). This point release mainly adds corrections for security issues, along with a few adjustments for serious problems. Security advisories have already been published separately and are referenced where available. The Debian project also announces the tenth update of its oldstable distribution Debian 8 (codename jessie).

Please note that the point release does not constitute a new version of Debian 9 or 8 but only updates some of the packages included. There is no need to throw away old jessie or stretch DVD/CD media. After installation, packages can be upgraded to the current versions using an up-to-date Debian mirror. This stable update adds a few important corrections to packages. New installation images will be available soon at the mirrors. Those who frequently install updates from security.debian.org won't have to update many packages, and most such updates are included in the point release. One can use the apt command or apt-get command to apply updates. A step-by-step update guide is posted here.

Electronic Frontier Foundation

"The FCC Still Doesn't Know How the Internet Works" (eff.org) 289

An anonymous reader writes: The EFF describes the FCC's official plan to kill net neutrality as "riddled with technical errors and factual inaccuracies," including, for example, a false distinction between "Internet access service" and "a distinct transmission service" which the EFF calls "utterly ridiculous and completely ungrounded from reality."

"Besides not understanding how Internet access works, the FCC also has a troublingly limited knowledge of how the Domain Name System (DNS) works -- even though hundreds of engineers tried to explain it to them this past summer... As the FCC would have it, an Internet user actively expects their ISP to provide DNS to them." And in addition, "Like DNS, it treats caching as if it were some specialized service rather than an implementation detail and general-purpose computing technique."

"There are at least two possible explanations for all of these misunderstandings and technical errors. One is that, as we've suggested, the FCC doesn't understand how the Internet works. The second is that it doesn't care, because its real goal is simply to cobble together some technical justification for its plan to kill net neutrality. A linchpin of that plan is to reclassify broadband as an 'information service,' (rather than a 'telecommunications service,' or common carrier) and the FCC needs to offer some basis for it. So, we fear, it's making one up, and hoping no one will notice."

"We noticed," their editorial ends, urging Americans "to tell your lawmakers: Don't let the FCC sell the Internet out."
Books

Reading Information Aloud To Yourself Improves Memory (qz.com) 54

According to a study in the journal Memory, reading aloud works by creating a "production effect" which cements information in your memory. Meanwhile, hearing words said in your own voice personalizes the references and enhances recollection, according to psychology professor Colin MacLeod and researchers from the University of Waterloo in Ontario, Canada. Quartz reports: The findings are based on a study of 95 students (75 of whom returned for a second session) at the University of Waterloo. The students were tested on their ability to recall written information inputted in four different ways -- reading silently, hearing someone else read, listening to a recording of oneself reading, and reading aloud in real time. They were tested on recollection of short, four-to-six letter words on a list of 160 terms. The results show that reading information aloud to oneself led to the best recall. Oral production is effective because it has two distinctive components, a motor or speech act and a personal auditory input, the researchers explain. "[The] results suggest that production is memorable in part because it includes a distinctive, self-referential component. This may well underlie why rehearsal is so valuable in learning and remembering," the study concludes. "We do it ourselves, and we do it in our own voice. When it comes time to recover the information, we can use this distinctive component to help us to remember."
Earth

Toyota's New Power Plant Will Create Clean Energy From Manure (usatoday.com) 75

schwit1 shares a report from Futurism: Japanese automobile giant Toyota is making some exciting moves in the realm of renewable, clean energy. The company is planning to build a power plant in California that turns the methane gas produced by cow manure into water, electricity, and hydrogen. The project, known as the Tri-Gen Project, was unveiled at this year's Los Angeles Auto Show. The plant, which will be located at the Port of Long Beach in California, will be "the world's first commercial-scale 100% renewable power and hydrogen generation plant," writes USA Today. Toyota is expecting the plant to come online in about 2020.

The plant is expected to have the capability to provide enough energy to power 2,350 average homes and enough fuel to operate 1,500 hydrogen-powered vehicles daily. The company is estimating the plant to be able to produce 2.35 MW of electricity and 1.2 tons of hydrogen each day. The facility will also be equipped with one of the largest hydrogen fueling stations in the world. Toyota's North America group vice president for strategic planning, Doug Murtha, says that the company "understand[s] the tremendous potential to reduce emissions and improve society."

Bitcoin

People Who Can't Remember Their Bitcoin Passwords Are Really Freaking Out Now (slate.com) 202

An anonymous reader quotes a report from Slate: Bitcoin has had quite a week. On Thursday, the cryptocurrency surged past $19,000 a coin before dropping down to $15,600 by Friday midday. The price of a single Bitcoin was below $1,000 in January. Any investors who bought Bitcoins back in 2013, when the price was less than $100, probably feel pretty smart right now. But not all early cryptocurrency enthusiasts are counting their coins. Instead they might be racking their brains trying to remember their passwords, without which those few Bitcoins they bought as an experiment a few years ago could be locked away forever. That's because Bitcoin's decentralization relies on cryptography, where each transaction is signed with an identifier assigned to the person paying and the person receiving Bitcoin.

"I've tried to ignore the news about Bitcoin completely," joked Alexander Halavais, a professor of social technology at Arizona State University, who said he bought $70 of Bitcoin about seven years as a demonstration for a graduate class he was teaching at the time but has since forgotten his password. "I really don't want to know what it's worth now," he told me. "This is possibly $400K and I'm freaking the fuck out. I'm a college student so this would change my life lmao," wrote one Reddit user last week. The user claimed to have bought 40 bitcoins in 2013 but can't remember the password now. "A few years ago, I bought about 20 euros worth of bitcoin, while it was at around 300eur/btc.," lamented another Reddit user earlier this week. "Haven't looked at it since, and recently someone mentioned the price had hit 10.000usd. So, I decided to take a look at my wallet, but found that it wasn't my usual password. I have tried every combination of the password variations I usually use, but none of them worked."

The Almighty Buck

Insurers Are Rewarding Tesla Owners For Using Autopilot (reuters.com) 140

Britain's largest auto insurance company Direct Line is testing out an idea to let Tesla owners receive a 5% discount for switching on the car's autopilot system, seeking to encourage use of a system it hopes will cut down on accidents. Reuters reports: The move - confirmed by company representatives in response to Reuters' questions - is Tesla's only tie-up in the UK and comes at a time when the company is trying to convince insurers that its internet-connected vehicles are statistically safer. Direct Line said it was too early to say whether the use of the autopilot system produced a safety record that justified lower premiums. It said it was charging less to encourage use of the system and aid research.

"Crash rates across all Tesla models have fallen by 40 percent since the introduction of the autopilot system ... However, when owners seek to insure their Tesla vehicles, this is not reflected in the pricing of premiums," Daniel Pearce, Financial Analyst at GlobalData, said. Direct Line, which is enjoying soaring motor insurance prices in Britain, said it sets premiums for Tesla drivers based on the risk they present, including who is driving, their age, driving experience and claim history.

Music

Apple Is Reportedly Buying Shazam For Nearly Half a Billion Dollars (phonedog.com) 60

Apple is close to acquiring Shazam, one of the most recognized services for music recognition. While the exact amount is unknown, the service may be purchased by Apple for around $400 million. PhoneDog reports: Apple is close to acquiring Shazam, say sources speaking to TechCrunch. The deal will reportedly be signed this week and could be announced as early as next Monday. A report from Recode echoes the news of Apple acquiring Shazam, adding that Shazam will likely be valued at around $400 million. Apple -- and other companies -- already offer a music recognition service, but Apple must see something in Shazam's services that it thinks can help improve its own music recognition if it's going to drop nearly half a billion dollars on this deal. Shazam is able to identify TV shows, films, and advertisements in addition to music, so perhaps Apple sees some benefit to these abilities, too.
Music

YouTube to Launch New Music Subscription Service in March (bloomberg.com) 59

An anonymous reader shares a report: YouTube plans to introduce a paid music service in March, according to people familiar with the matter, a third attempt by parent company Alphabet Inc. to catch up with rivals Spotify and Apple. The new service could help appease record-industry executives who have pushed for more revenue from YouTube. Warner Music Group, one of the world's three major record labels, has already signed on, said the people, who asked not to be identified discussing private talks. YouTube is also in talks with the two others, Sony Music Entertainment and Universal Music Group, and Merlin, a consortium of independent labels, the people said.
Businesses

'Face Reality! We Need Net Neutrality!' Crowd Chants Across the Country (arstechnica.com) 296

ArsTechnica staff took to the streets in Washington DC, New York, and San Francisco to capture rallies in support for net neutrality, a week before the FCC is scheduled to take a historic vote rolling back network neutrality regulations. From their report: Protestors say those regulations, which were enacted by the Obama FCC in 2015, are crucial for protecting an open Internet. Organizers chose to hold most of the protests outside of Verizon cell phone stores. Ajit Pai, the FCC Chairman who is leading the agency's charge to repeal network neutrality, is a former Verizon lawyer, and Verizon has been a critic of the Obama network neutrality rules. The protest that got the most attention from FCC decision makers took place on Thursday evening in Washington DC. The FCC was holding a dinner event at the Hilton on Connecticut Avenue, just north of the city's Dupont Circle area. Protestors gathered on the street corner outside the hotel, waving pro-net neutrality posters to traffic, blaring chants, projecting pro-net neutrality messages on a building across the street, and telling personal stories about what net neutrality meant to them via a megaphone. The FCC's two Democratic commissioners also joined the demonstration, Mignon Clyburn and Jessica Rosenworcel. They both gave brief speeches to the protestors, rallying for the cause and discussing the importance of a neutral Internet.
Bitcoin

About 40 Percent of Bitcoin Is Held By 1,000 Users. If a Few of Them Want To Sell, That Could Tank Values (bloomberg.com) 241

On Nov. 12, someone moved almost 25,000 bitcoins, worth about $159 million at the time, to an online exchange. The news soon rippled through online forums, with bitcoin traders arguing about whether it meant the owner was about to sell the digital currency. From a report on Bloomberg: Holders of large amounts of bitcoin are often known as whales. And they're becoming a worry for investors. They can send prices plummeting by selling even a portion of their holdings. And those sales are more probable now that the cryptocurrency is up nearly twelvefold from the beginning of the year. About 40 percent of bitcoin is held by perhaps 1,000 users; at current prices, each may want to sell about half of his or her holdings, says Aaron Brown, former managing director and head of financial markets research at AQR Capital Management. What's more, the whales can coordinate their moves or preview them to a select few. Many of the large owners have known one another for years and stuck by bitcoin through the early days when it was derided, and they can potentially band together to tank or prop up the market.
United States

November Jobs Report: Economy Adds 228,000 Jobs; Unemployment Steady (npr.org) 119

An anonymous reader shares an NPR report: The U.S. economy added 228,000 jobs in November, according to the monthly jobs report from the Bureau of Labor Statistics. The unemployment rate remained steady at 4.1 percent, unchanged from October. "Employment growth has averaged 174,000 per month thus far this year, compared with an average monthly gain of 187,000 in 2016," the agency's Acting Commissioner William J. Wiatrowski said of the report. The number of unemployed people was "essentially unchanged at 6.6 million," the bureau said. Of that number, 1.6 million are considered to be long-term unemployed -- workers who have not had jobs for 27 weeks or more. "Among the major worker groups, the unemployment rate for teenagers increased to 15.9 percent in November," the Bureau of Labor Statistics said. Other groups saw little change from the previous month. As for wages, the agency says, "In November, average hourly earnings for all employees on private nonfarm payrolls rose by 5 cents to $26.55. Over the year, average hourly earnings have risen by 64 cents, or 2.5 percent."
The Military

The US Is Testing a Microwave Weapon To Stop North Korea's Missiles (vox.com) 217

An anonymous reader quotes a report from Vox: According to an NBC News report, the weapon -- which is still under development -- could be put on a cruise missile and shot at an enemy country from a B-52 bomber. It's designed to use microwaves to target enemy military facilities and destroy electronic systems, like computers, that control their missiles. The weapon itself wouldn't damage the buildings or cause casualties. Air Force developers have been working with Boeing on the system since 2009. They're hoping to receive up to $200 million for more prototyping and testing in the latest defense bill. There's just one problem. It's not clear that the weapon is entirely ready for use -- and it's not clear that it would be any more effective than the powerful weapons the U.S. already possesses. The weapon, which has the gloriously military-style name of Counter-electronics High Power Microwave Advanced Missile Project, or CHAMP, isn't quite ready for action, but it could be soon. Two unnamed Air Force officials told NBC that the weapon could be ready for use in just a few days.
Businesses

ISP Disclosures About Data Caps and Fees Eliminated By Net Neutrality Repeal (arstechnica.com) 281

In 2015, the Federal Communications Commission forced ISPs to be more transparent with customers about hidden fees and the consequences of exceeding data caps. Since the requirements were part of the net neutrality rules, they will be eliminated when the FCC votes to repeal the rules next week. Ars Technica reports: While FCC Chairman Ajit Pai is proposing to keep some of the commission's existing disclosure rules and to impose some new disclosure requirements, ISPs won't have to tell consumers exactly what everything will cost when they sign up for service. There have been two major versions of the FCC's transparency requirements: one created in 2010 with the first net neutrality rules, and an expanded version created in 2015. Both sets of transparency rules survived court challenges from the broadband industry. The 2010 requirement had ISPs disclose pricing, including "monthly prices, usage-based fees, and fees for early termination or additional network services." That somewhat vague requirement will survive Pai's net neutrality repeal. But Pai is proposing to eliminate the enhanced disclosure requirements that have been in place since 2015. Here are the disclosures that ISPs currently have to make -- but won't have to after the repeal:

-Price: the full monthly service charge. Any promotional rates should be clearly noted as such, specify the duration of the promotional period and the full monthly service charge the consumer will incur after the expiration of the promotional period.
-Other Fees: all additional one time and/or recurring fees and/or surcharges the consumer may incur either to initiate, maintain, or discontinue service, including the name, definition, and cost of each additional fee. These may include modem rental fees, installation fees, service charges, and early termination fees, among others.
-Data Caps and Allowances: any data caps or allowances that are a part of the plan the consumer is purchasing, as well as the consequences of exceeding the cap or allowance (e.g., additional charges, loss of service for the remainder of the billing cycle).

Pai's proposed net neutrality repeal says those requirements and others adopted in 2015 are too onerous for ISPs.

Bitcoin

Bank of America Wins Patent For Crypto Exchange System (coindesk.com) 52

New submitter psnyder shares a report from CoinDesk: [The patent] outlined a potential cryptocurrency exchange system that would convert one digital currency into another. Further, this system would be automated, establishing the exchange rate between the two currencies based on external data feeds. The patent describes a potential three-part system, where the first part would be a customer's account and the other two would be accounts owned by the business running the system. The user would store their chosen cryptocurrency through the customer account. The second account, referred to as a "float account," would act as a holding area for the cryptocurrency the customer is selling, while the third account, also a float account, would contain the equivalent amount of the cryptocurrency the customer is converting their funds to. That third account would then deposit the converted funds back into the original customer account for withdrawal. The proposed system would collect data from external information sources on cryptocurrency exchange rates, and use this data to establish its own optimal rate. The patent notes this service would be for enterprise-level customers, meaning that if the bank pursues this project, it would be offered to businesses.
Businesses

Tesla Could Be Hogging Batteries and Causing a Global Shortage, Says Report (gizmodo.com) 159

According to a report from the Korea news outlet ETNews, Tesla's solution to fixing a manufacturing bottleneck responsible for a $619 million loss last quarter could be causing a global battery shortage. Panasonic reportedly gave most of its cache of batteries in Japan to Tesla so that the automaker and Gigafactory 1 energy-storage company could keep up with its ambitious production schedule. Gizmodo reports: In early October, Tesla struggled with a "production bottleneck," but by the end of the month, Panasonic stated it would increase battery output at the Gigafactory, now that it understood the issues that led to the bottleneck and could automate some of the processes that had been done by hand. But this likely did not help Tesla fix any immediate shortage issues. ETNews claims that Panasonic is coping with the shortage by shipping batteries in from Japan. And many Japanese companies in need of cylinder batteries have turned to other suppliers like LG, Murata, and Samsung -- but those companies have not been able to meet the demands. Reportedly, companies that had contracts before 2017 aren't affected by the shortage, but several other manufacturers have not been able to place orders for batteries, and won't be able to order more batteries until the middle of next year.
Government

Volkswagen Executive Sentenced To Maximum Prison Term For His Role In Dieselgate (arstechnica.com) 101

An anonymous reader quotes a report from Ars Technica: On Wednesday, a U.S. District judge in Detroit sentenced Oliver Schmidt, a former Volkswagen executive, to seven years in prison for his role in the Volkswagen diesel emissions scandal of 2015. Schmidt was also ordered to pay a criminal penalty of $400,000, according to a U.S. Department of Justice (DOJ) press release. The prison term and the fine together represent the maximum sentence that Schmidt could have received under the plea deal he signed in August. Schmidt, a German citizen who lived in Detroit as an emissions compliance executive for VW, was arrested in Miami on vacation last January. In August, he pleaded guilty to conspiracy and to making a false statement under the Clean Air Act. Schmidt's plea deal stated that the former executive could face up to seven years in prison and between $40,000 and $400,000 in fines.

Last week, Schmidt's attorneys made a last-minute bid requesting a lighter sentence for Schmidt: 40 months of supervised release and a $100,000 fine. Schmidt also wrote a letter to the judge, which surfaced over the weekend, in which the executive said he felt "misused" by his own company and claimed that higher-ranked VW executives coached him on a script to help him lie to a California Air Resources Board (CARB) official. Instead, Schmidt was sentenced to the maximum penalties outlined in the plea deal. Only one other VW employee has been sentenced in connection with the emissions scandal: former engineer James Liang, who received 40 months in prison and two years of supervised release as the result of his plea deal. Although six other VW Group executives have been indicted, none is in U.S. custody.

Bitcoin

Cryptocurrency Miners Are Using Old Tires to Power Their Rigs (vice.com) 79

Christopher Malmo, writing for Motherboard: An entrepreneurial cryptocurrency mining company has just announced an unusual deal: it has partnered with a tire-based waste-to-energy company in the United States to power its mining computers. Standard American Mining and PRTI, a tire "thermal demanufacturing" company based in North Carolina, are powering graphics cards-based mining equipment to earn a range of alternative cryptocurrencies like Ethereum. Basically, they take used tires and heat them to a precise temperature, resulting in components like steel (from belted tires), carbon black, and a burnable fuel. That fuel is the energy source driving turbines to make electricity, which powers an onsite cryptocurrency mining farm. Taking advantage of an underutilized electricity source to run computers isn't groundbreaking, but the unusual set-up shows that cryptocurrency mining is now profitable enough to justify finding quite unconventional sources of cheap or new energy generation.
Businesses

No One Makes a Living on Crowdfunding Website Patreon (theoutline.com) 183

Brent Knepper, writing for The Outline (condensed): Patreon is basically a payments processor designed like a social network. Every creator sets up a profile where they fill out a prompt about what they're making: "Oliver Babish is creating cooking videos," or "Hannah Alexander is creating Art and Costume Designs inspired by pop culture and Art Nouveau." Patreon encourages creators to provide a description of themselves and their work and strongly suggests uploading a video. [...] Today, successful Patreon creators include Chapo Trap House, a lefty podcast with 19,837 patrons at the time of writing paying $88,074 a month; the new commentator and YouTuber Philip DeFranco (13,823 patrons paying an amount that is undisclosed, but is enough to put him in the top 20 creators on the site); and the gaming YouTuber Nerd (4,494 patrons, $8,003 per month). But despite the revolutionary rhetoric, the success stories, and the goodwill that Patreon has generated, the numbers tell a different story. Patreon now has 79,420 creators, according to Tom Boruta, a developer who tracks Patreon statistics under the name Graphtreon. Patreon lets creators hide the amount of money they are actually making, although the number of patrons is still public. Boruta's numbers are based on the roughly 80 percent of creators who publicly share what they earn. Of those creators, only 1,393 -- 2 percent -- make the equivalent of federal minimum wage of $7.25 an hour, or $1,160 a month, in October 2017. Worse, if we change it to $15 per hour, a minimum wage slowly being adopted by states, that's only .8 percent of all creators. In this small network designed to save struggling creatives, the money has still concentrated at the top.

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