technology

John Carmack: Armadillo Aerospace in “hibernation mode”

"There is a good reason for that silence over the last five months: the company is, for the time being, effectively out of money. 'The situation that we’re at right now is that things are turned down to sort of a hibernation mode,' Carmack said Thursday evening at the QuakeCon gaming conference in Dallas. 'If we don’t wind up landing an investor, it’ll probably stay in hibernation until there’s another liquidity event where I’m comfortable throwing another million dollars a year into things,' he said. Funding Armadillo, he said, has 'always been a negotiation with my wife,' he said, setting aside some 'crazy money' to spend on it." Continue reading →

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Russian ‘mobile malware’ industry could spread to other countries

"Businesses referred to as ‘Malware HQs’ accounted for more than half the overall mobile malware detections by Lookout during the first six months of this year. Malware HQs openly recruit ‘affiliates’ that could be anyone and provide simple do-it-yourself tools to distribute viruses with tactics such as booby-trapped websites or Twitter posts. Once on smartphones, viruses fire off premium text messages behind the scenes, with HQs getting the money and sharing it with affiliates who hooked the victims. 'We’ve seen evidence that these affiliate marketers have earned between $700 a month to $12,000 a month from these scams,' Smith said." Continue reading →

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Hacker: Sim card flaws leave ‘hundreds of millions of phones’ vulnerable to attack

"A German cryptographer says he has discovered encryption and software flaws in hundreds of millions of phones, leaving them vulnerable to attack, startling peers who had considered sim cards to be relatively safe technology. Karsten Nohl, 31, a respected hacker and specialist on phone security, said the vulnerability allowed outsiders to obtain a sim card’s digital key, a 56-digit sequence that exposes the chip to manipulation. 'What this means is that your sim card can work against you. The hacker can redirect calls, rewrite numbers, listen in on calls.' A criminal hacker, using an ordinary computer, could also commit payment fraud remotely controlling your phone." Continue reading →

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Gone in 30 seconds: New attack plucks secrets from HTTPS-protected pages

"The technique, scheduled to be demonstrated Thursday at the Black Hat security conference in Las Vegas, decodes encrypted data that online banks and e-commerce sites send in responses that are protected by the widely used transport layer security (TLS) and secure sockets layer (SSL) protocols. The attack can extract specific pieces of data, such as social security numbers, e-mail addresses, certain types of security tokens, and password-reset links. It works against all versions of TLS and SSL regardless of the encryption algorithm or cipher that's used." Continue reading →

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Bitfury 400 GH/s Bitcoin Mining Rig Hits US Shores; $19,250 For August Delivery

"With hundreds of units expected to land in Europe and the Americas this month, Bitfury products represent the most advanced chips to hit mass production and will significantly change the bitcoin mining landscape. Bitfury ASIC chips use a 55nm process and are sold running at an estimated 1.56 GH/s per chip, with demonstrated performance up to 2.7 GH/s. Although they are clocked slower than Butterfly Lab’s 4 GH/s chips, they will run 4x more efficiently at 0.8 Watts/Ghps. Power efficiency will be a deciding factor in a bitcoin miner’s longevity as profitability narrows with increasing difficulty." Continue reading →

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A Stainless Steel Bitcoin Wallet

"This project is to make your own Stainless Steel Bitcoin Wallet. You'll need a plate of stainless steel. About 3x6 inches. You'll need a DC power supply of some sort. I used a fairly large bench-top version, but you can use just about anything. It just might take longer to etch. Anywhere from a 9 volt battery (maybe) to a wall-wort, to a hacked ATX." Continue reading →

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Bill Gates: Flip-Flopping IP Hypocrite

"A couple decades ago, Bill Gates seemed to have some appreciation of the damage wrought by patent law. Yet over the years Microsoft relied on the other major form of intellectual property—copyright—to dominate aspects of the software industry, and then to use the monopoly profits to accumulate thousands of patents. These two forms of IP are then used together to squelch competition. Now that Gates has used state-granted IP monopolies to acquire billions of dollars that he can then use to be a bigshot philanthropist, he is all for patents (as my friend Rob Wicks says, Gates is 'America’s wealthiest welfare queen')." Continue reading →

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Who’s Hiring in the U.S. and What They Pay

"The segment of the economy that has added the most jobs since the recession ended in June 2009 is classified as 'professional and business services.' About 2.12 million jobs have been created for architects, engineers, scientists, managers, computer geeks, and yes, journalists. This is normally high-paying work with an average hourly wage of $28.41 an hour, which translates into $1,136 a week. Unfortunately, almost half of the new professional jobs since mid-2009 were created at temporary-hiring agencies. The work doesn’t always lead to a full-time job and these positions pay far less: $15.74 an hour." Continue reading →

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Save Thousands With 3-D Printing Technology

"The typical family can already save a great deal of money by making things with a 3-D printer, instead of buying them off the shelf. In the study, Pearce and his team chose 20 common household items listed on Thingiverse. Then they used Google Shopping to determine the maximum and minimum cost of buying those 20 items online, shipping charges not included. Next, they calculated the cost of making them with 3-D printers. The conclusion: It would cost the typical consumer from $312-1,944 to buy those 20 things, compared with $18 to make them in a weekend." Continue reading →

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Jeffrey Tucker on a Bitcoin Standard, The Hard Money Crowd, and Once-and-Future Conferences

"Shownotes for Episode 28 - Ponzis, Malware, and the Hashing Cartel: ASIC’s or Botnets? What’s the Long Term Solution to our Medium Term Problems? Why isn’t it simple to be a miner? Jeffrey Tucker and I talk about a Bitcoin Standard, The Hard Money Crowd, and Once-and-Future Conferences; Can Validation Nodes Be The Solution to Centralization? How do I Get Paid in Bitcoins?" Continue reading →

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