Letter to MIT community regarding support of students ...

MIT Supporting the students behind "Tidbit"

Quote from Email:
To the members of the MIT community:
I am writing to address a problem that a group of MIT students currently face but that concerns all of us, because it highlights issues central to sustaining the creative culture of MIT.
The students in question are the creators of Tidbit, a proof-of-concept code for a novel Bitcoin-harvesting strategy. After Tidbit won the "most innovative" award in a recent hackathon, the State Attorney General of New Jersey demanded that the students turn over a sweeping set of documents, code and information -- a surprising and difficult turn of events for the Tidbit team.
I am grateful to all those who have written to me to express their concern about this situation, and I want to make it clear that the students who created Tidbit have the full and enthusiastic support of MIT. Chancellor Cindy Barnhart and Provost Marty Schmidt met with the students yesterday. They and General Counsel Greg Morgan also spoke with the Electronic Frontier Foundation (EFF), which is providing to the students, pro bono, the independent legal representation that they need. We will remain in close coordination with the students and the EFF to offer assistance in the legal proceedings.
Beyond this specific case, I believe we should provide our student inventors and entrepreneurs with a resource for independent legal advice, singularly devoted to their interests and rights. I have asked the Provost, Chancellor and General Counsel to develop and submit to me a specific proposal for creating such a resource, which will add an essential new strength to MIT's innovation ecosystem.
When the MIT community works together, we spot problems, analyze them and solve them. Let's solve this one together.
Sincerely, L. Rafael Reif
submitted by omnipoint to Bitcoin [link] [comments]

12-27 18:22 - '"Bitcoin has no value." Here's a story I'm writing for my kids.' (self.Bitcoin) by /u/hkarma removed from /r/Bitcoin within 113-123min

'''
Headline: Bitcoin has no value says Warren-Master Bunfet (BBT) -Bunny Business Times
Headline: Bitcoin is an Implausible Currency -Doomsberg
The media Bundits professed that the blockchain digital currency was valueless. The Bundits lead their warren to believe that because they could not fathom it’s use it held no value, unlike carrots which clearly had value or CarrotCoin which historically had been used to trade a variety of vegetables within the official country-side trading zone.
Carrots and Carrot-coin, of course were backed by the leadership of each warren, so they were official - the official tender of the warren-masters who could issue new carrot-coin even when no carrots were available to back it.
But Warren-Master Bunfet was no dumb bunny. He did not want his populations to understand that the fiat currency (carrots) that each warren head controlled could be replaced and circumvented by bitcoin a currency that had no boundaries.
This bitcoin, a earth-wide currency as the crows professed, would throw his whole system and position into complete disarray. The adoption of a planet-wide currency by his bunnies seemed unlikely and crazy, but it also could unfathomably make him useless! No matter how crazy this bitcoin seemed, Master Bunfet’s nose instinctively twitched with the sensation of danger - this bitcoin could usurp his status and position in High-Bunny Society. It could in fact make the Bunny financial institutions that had made his family name known burrow-wide for generations, a forgotten snippet of history.
Banker rabbits were big bunnies ! But who would they be if no one cared about what rates they’d set for the Carrot Coin used today ? Warren Master Bunfet knew that bitcoin was dangerous - it could be used to figuratively “steal” his entire vegetable garden if the bunnies weren’t convinced of it’s uselessness. So he tried hard to make them feel foolish for even being interested in this new idea sweeping the warrens from coast to coast.
At times like this, he wished he lead a bunch of sheep, rather than bunnies. The bunnies never let on, but they were not blind followers. They looked so soft innocent and snuggly with their wonderful fur coats but some had the intellectual power of the esteemed rat, who nobody ever tried to pull one over on. Rats used bitcoin, in fact they mined it. Those trixy rats, thought Bunfet. It might be time for another consultation with the crows to see what the rats were up to after all.
But some background first, in the utopia of Non-Rodentia was the sovereign land of bunnies who disavowed any relationship to rodents of any kind. The currency of each warren was carrots and carrot-coin. Carrot-coin was controlled by the Warren Masters and this currency control gave the warren leadership power and esteem in the rabbit world.
Bunnies willingly subscribed to the Bunny Business Times (as opposed to the Hoppy Street Journal which had recently degenerated to trash under Eastern-warren ownership). Bunnies huddled round tables in the juicing houses pouring over Doody’s Vegetable Ratings (also published by Warren Master Bunfet) to help them make wise investments in crops, allowing them to know every detail of professional analysis (including insect populations, soil quality, risk analysis of harvesting from human gardens etc.) This kept them very occupied and had kept the warrens in peace and prosperity for one trillion generations (7 years at rabbit reproduction rates).
And bigger economic philosophy was not the typical terrain of the common bunny, so there was no questioning of this foundational truth. A whole economic eco-system run by the Western Warren Masters, Master Bunfet in charge) was in motion, and had been for this monumental stretch of plenty, comfort, security and well-being for the majority of warren dwellers. The long-esteemed Warren-Master generations had display cases filled with honors which lined burrows stretching round the world thrice over to show for their unwavering contribution to bunny societal management.
The current system in Non-Rodentia required that all bunnies used carrots of warren-issued carrot coin and the entire warren became beholden to the great and powerful bunny leadership. Many bunnies were only subtley aware of this, mainly because times were good, they had no penchant for change, and the all-consuming libido kept them distracted from any kind of philosophy or consideration of large systems.
But Warren Master Bunfet studied systems and he knew that carrot-coin reinforced the power of the Warren Masters and the system itself. Never before had Warren-Master Buffet had to think of promoting this very system which had once been considered the bedrock of the burrow.
In the past it had simply been the only system. So basic to bunny-life that it need not be thought about, certainly not promoted or defended. The good financial affairs of Non-Rodentia were safely in the hands of the competent Warren-Masters who gave good advice via their journals and sage communications. Sure their might be skirmishes at the highest levels amongst the esteemed Warren-Master class, but this just fed the Hoppy Street Journal with entertaining tidbits. In the end, all would be settled in the ether of legal gibberish, with fines for some, backscratching for others, but only very rarely blood.
But now, those rats and this bitcoin.
Their notion of a creature-wide currency uncontrolled by the local authority. It was sheer anarchy. Those rats loved to shake things up. Captain Karmy called the rats the unappreciated change-makers of the universe. In this case, definitely unappreciated by Master Bunfet.
Warren Master Bunfet knew something must be done. His nose was twitching and for the first time in his life, he was beginning to see a vision of being routed out of his own warren.
Something needs to be done. Something...
'''
"Bitcoin has no value." Here's a story I'm writing for my kids.
Go1dfish undelete link
unreddit undelete link
Author: hkarma
submitted by removalbot to removalbot [link] [comments]

[uncensored-r/Bitcoin] "Bitcoin has no value." Here's a story I'm writing for my kids.

The following post by hkarma is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7mfxtj
The original post's content was as follows:
Headline: Bitcoin has no value says Warren-Master Bunfet (BBT) -Bunny Business Times
Headline: Bitcoin is an Implausible Currency -Doomsberg
The media Bundits professed that the blockchain digital currency was valueless. The Bundits lead their warren to believe that because they could not fathom it’s use it held no value, unlike carrots which clearly had value or CarrotCoin which historically had been used to trade a variety of vegetables within the official country-side trading zone.
Carrots and Carrot-coin, of course were backed by the leadership of each warren, so they were official - the official tender of the warren-masters who could issue new carrot-coin even when no carrots were available to back it.
But Warren-Master Bunfet was no dumb bunny. He did not want his populations to understand that the fiat currency (carrots) that each warren head controlled could be replaced and circumvented by bitcoin a currency that had no boundaries.
This bitcoin, a earth-wide currency as the crows professed, would throw his whole system and position into complete disarray. The adoption of a planet-wide currency by his bunnies seemed unlikely and crazy, but it also could unfathomably make him useless! No matter how crazy this bitcoin seemed, Master Bunfet’s nose instinctively twitched with the sensation of danger - this bitcoin could usurp his status and position in High-Bunny Society. It could in fact make the Bunny financial institutions that had made his family name known burrow-wide for generations, a forgotten snippet of history.
Banker rabbits were big bunnies ! But who would they be if no one cared about what rates they’d set for the Carrot Coin used today ? Warren Master Bunfet knew that bitcoin was dangerous - it could be used to figuratively “steal” his entire vegetable garden if the bunnies weren’t convinced of it’s uselessness. So he tried hard to make them feel foolish for even being interested in this new idea sweeping the warrens from coast to coast.
At times like this, he wished he lead a bunch of sheep, rather than bunnies. The bunnies never let on, but they were not blind followers. They looked so soft innocent and snuggly with their wonderful fur coats but some had the intellectual power of the esteemed rat, who nobody ever tried to pull one over on. Rats used bitcoin, in fact they mined it. Those trixy rats, thought Bunfet. It might be time for another consultation with the crows to see what the rats were up to after all.
But some background first, in the utopia of Non-Rodentia was the sovereign land of bunnies who disavowed any relationship to rodents of any kind. The currency of each warren was carrots and carrot-coin. Carrot-coin was controlled by the Warren Masters and this currency control gave the warren leadership power and esteem in the rabbit world.
Bunnies willingly subscribed to the Bunny Business Times (as opposed to the Hoppy Street Journal which had recently degenerated to trash under Eastern-warren ownership). Bunnies huddled round tables in the juicing houses pouring over Doody’s Vegetable Ratings (also published by Warren Master Bunfet) to help them make wise investments in crops, allowing them to know every detail of professional analysis (including insect populations, soil quality, risk analysis of harvesting from human gardens etc.) This kept them very occupied and had kept the warrens in peace and prosperity for one trillion generations (7 years at rabbit reproduction rates).
And bigger economic philosophy was not the typical terrain of the common bunny, so there was no questioning of this foundational truth. A whole economic eco-system run by the Western Warren Masters, Master Bunfet in charge) was in motion, and had been for this monumental stretch of plenty, comfort, security and well-being for the majority of warren dwellers. The long-esteemed Warren-Master generations had display cases filled with honors which lined burrows stretching round the world thrice over to show for their unwavering contribution to bunny societal management.
The current system in Non-Rodentia required that all bunnies used carrots of warren-issued carrot coin and the entire warren became beholden to the great and powerful bunny leadership. Many bunnies were only subtley aware of this, mainly because times were good, they had no penchant for change, and the all-consuming libido kept them distracted from any kind of philosophy or consideration of large systems.
But Warren Master Bunfet studied systems and he knew that carrot-coin reinforced the power of the Warren Masters and the system itself. Never before had Warren-Master Buffet had to think of promoting this very system which had once been considered the bedrock of the burrow.
In the past it had simply been the only system. So basic to bunny-life that it need not be thought about, certainly not promoted or defended. The good financial affairs of Non-Rodentia were safely in the hands of the competent Warren-Masters who gave good advice via their journals and sage communications. Sure their might be skirmishes at the highest levels amongst the esteemed Warren-Master class, but this just fed the Hoppy Street Journal with entertaining tidbits. In the end, all would be settled in the ether of legal gibberish, with fines for some, backscratching for others, but only very rarely blood.
But now, those rats and this bitcoin.
Their notion of a creature-wide currency uncontrolled by the local authority. It was sheer anarchy. Those rats loved to shake things up. Captain Karmy called the rats the unappreciated change-makers of the universe. In this case, definitely unappreciated by Master Bunfet.
Warren Master Bunfet knew something must be done. His nose was twitching and for the first time in his life, he was beginning to see a vision of being routed out of his own warren.
Something needs to be done. Something...
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Flowers are blooming!!! Harvest Finance Exploit - YouTube Inside a Bitcoin mine that earns $70K a day - YouTube Harvest Finance Hacked and Bitcoin Ready for Blastoff ... BBC Worldwide Digital Studios - YouTube

The students in question are the creators of Tidbit, a proof-of-concept code for a novel Bitcoin-harvesting strategy. After Tidbit won the "most innovative" award in a recent hackathon, the State Attorney General of New Jersey demanded that the students turn over a sweeping set of documents, code and information -- a surprising and difficult turn of events for the Tidbit team. I am grateful to ... The students in question are the creators of Tidbit, a proof-of-concept code for a novel Bitcoin-harvesting strategy. After Tidbit won the “most innovative” award in a recent hackathon, the State Attorney General of New Jersey demanded that the students turn over a sweeping set of documents, code and information — a surprising and difficult turn of events for the Tidbit team. I am ... In it he comes out in support of Tidbit, “…a proof-of-concept code for a novel Bitcoin-harvesting strategy.” Turns out that several MIT students had developed this software and received an award at a hackathon, only to be hit with a subpoena from the State of New Jersey Attorney General demanding that they “turn over all versions of the source code, all Bitcoin wallets associated with ... Bitcoin.myhacks.net We aren't trying it, but this will suck you into a monthly deduction from your phone. Quite unwelcome. 2017-12-15. Bitcoin.paidautosurf.net If it was honest, it would be a straightforward 10:1 Ponzi. But like all Ponzi's the intentions are dishonest from Day1. 2014-05-29 . Bitcoin.publiblock.com A 2x scam. Don't fall for these multipliers, they are all thieves. 2014-11-03 ... Bitcoin last news. Over the past few weeks, Bitcoin, not Ethereum or XRP, has been the focus of many crypto traders.But, two top analysts believe that the third-largest cryptocurrency, XRP, could soon gain strength against the market leader, citing simple technical factors that suggest upside is imminent.

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Flowers are blooming!!!

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