FBI

FBI fumbles with Internet and $ 80 million /  by Richard

Closing down the Silk Road and arresting its alleged operator has left the FBI in uncharted territory. After shuttering the site, law enforcement went to work confiscating the money and materials belonging to supposed drug king Ross Ulbricht, but this usually routine procedure is proving especially troublesome in this case. The cache of more than 600,000 bitcoins in Ulbricht’s personal fortune are still inaccessible to the FBI.

The nearly 600,000 thought to be worth around $80 millions worth that Ulbricht had, was held separately and is encrypted. At current exchange rates, that represents slightly more than 5% of all bitcoins in circulation.

The U.S. federal government transferred 26,000 BTC to a private wallet that has become a target for pranksters who have turned it into a sort of anti-government graffiti wall. And an increasing number of payments to the tune of 0.00000001 BTC are coming in to FBI's private wallet with messages attached as a so-called "public note."

You can check out the comments as they come in by watching the FBI’s wallet.

out of control /  by Richard

The Boston bombing is the first major terrorist attack on American soil in the age of smartphones, twitter and facebook that provided an opportunity for everyone to get involved. Thousands of people have taken to the Internet to play Sherlock Holmes this last few days.

Peoples where asked not to post personal information in their comments, by the Boston Police. The raw incoming news, could ruin an innocent person's life by spreading an incorrect information around.

I suggest you read an interesting article in the LA-Times. An other question is whether the FBI did solve this case in less than a week, thanks to social media?

Regardless, this was a terrible event and I feel sorry for those who lost their loved ones and who must relive it all when it's re-played in the media 24/7.