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  • #31
    Australian killed in Thailand identified as Bitcoin CEO

    Phuket Police Name Australian Sailor as Victim in High Speed Motorcycle Crash
    Sert Tongdee
    Friday, February 27, 2015


    Paramedics at the crash scene where the young man was killed yesterday

    POLICE have named the man as Adam Tepper, 34, from Australia. He will be mourned at the Ao Chalong Yacht Club. Officers have confirmed he was travelling at high speed and not wearing a helmet.

    Original Report

    PHUKET: More than 24 hours after a young man of European appearance was killed in a high-speed motorcycle crash in southern Phuket, police still have no clues about his identity.

    The man, aged 20 to 25, broke his neck and died instantly when a motorcycle crashed into a pole not far from the the intersection of Viset Road and Sai Yuan Road in Rawai about 5.30am yesterday.

    The rider appeared to be heading towards Chalong Circle.

    Police believe he had been drinking. The hired motorcycle continued on and finished scores of metres from the body.

    The man, dressed in distinctive patterned black, blue and white shorts and a white t-shirt, carried no identification, bore no tattoos and wore no jewellery.

    His hair was close-cropped and he appeared to be of average height and build.

    The body has been taken to Vachira Phuket Hospital in Phuket City. Chalong police can be contacted on 076 381930.

    phuketwan.com
    http://thailandchatter.com/showthrea...ll=1#post45112

    Comment


    • #32
      Family identify Melbourne man killed in Thailand
      February 28, 2015


      Melbourne man killed in Thailand

      A Melbourne man killed in a motorbike accident on the Thai holiday island of Phuket has been identified as Adam Tepper.

      The 34-old-year is from Langwarrin in Melbourne's south-east and is the CEO of internet company Bitcoin.

      His mother, Dianna Tepper, told 7News her son was not wearing a helmet at the time of the accident.

      "Please don't ever get on a motorbike without a helmet," she said.

      "It if saves one life, I'm happy."

      DFAT has confirmed to 7News that it is providing consular assistance to his family.

      au.news.yahoo.com
      http://thailandchatter.com/showthrea...ll=1#post45112

      Comment


      • #33
        Originally posted by socal
        his mom is an idiot.

        People die with helmets on all the time. Does she really think a margarine tub strapped to his head was going to save his life ?
        Troll!!

        Comment


        • #34
          US cops pay Bitcoin ransom

          Welcome to the future: US cops pay Bitcoin ransom to end office hostage drama
          Iain Thomson
          13 Apr 2015

          Don't run bad stuff from the internet, people

          Blundering cops in Maine, US, have enriched malware masterminds by paying up to decrypt files held hostage by ransomware.

          Four city police departments and a sheriff's office in Lincoln County share a common computer network run by Burgess Computer, which hosts the plods' administrative files.

          Then one day the entire system was encrypted by the Megacode ransomware, which scrambles documents and demands Bitcoins to decrypt them.

          This sort of malware typically scans computers and networks for documents, generates a random encryption key per file, uses those to encrypt the data, and then encrypts the keys using a public-private key pair. Only the crims have the private key needed to unscramble the documents, and it costs money to obtain that, effectively holding the information to ransom. Victims have a few days to pay up before the private key is deleted forever.

          After trying to restore the encrypted files for a couple of days, the police in Maine decided to pay the $300 ransom in Bitcoins.

          "Paying a ransom - let's say it goes against the grain," Sheriff Todd Brackett told the Boothbay Register. "We tried to find a way around it, but in the end our IT guys and Burgess recommended just paying the ransom."

          The infection kicked off when someone on the police network ran an executable downloaded from the web via a link in an email, it's believed. This installed the malware, which spread to the main server and began encrypting all the data it could find.

          "We'll have more virus protection training where we go over how to tell if something might be a virus," Brackett said. "Sometimes, it's hard to tell, but you've got to keep an eye out for some of these documents that people [email] you. Sometimes it can be hard to tell if it contains a virus."

          The normal way of dealing with ransomware is a complete disk wipe followed by a reloading of offline backup files, but in this case the backup system hadn't worked properly, so the cops had no choice but to pony up the digital cash.

          "No personal data was mined - it looks like they didn't take any information," Brackett said. "We had to pay the ransom, but it looks like nothing was extracted from the server."

          While the infection has caused red faces, Maine's police are not alone in getting caught out by ransomware. Cops in Massachusetts were forced to pay up in a similar situation last week, and it's not the first time they have been stung.

          The problem with ransomware is getting much worse these days, as malware writers have cottoned on to the fact that it's easier to get paid a ransom rather than have to go through all the tricky business of stealing identities from stolen information, or risk selling that information on forums.

          The FBI is now offering millions
          http://thailandchatter.com/showthrea...ll=1#post45112

          Comment


          • #35
            4 Reasons Bitcoin Usage Could Explode in Thailand

            4 Reasons Bitcoin Usage Could Explode in ThailandHigh dependence on tourism

            Thailand is a tourist-friendly nation and tourism contributes to over 19% (directly and indirectly) of the country's annual GDP. Over 25 million tourists visit Thailand every year, spending in excess of USD 40 Bn in the country.

            Tourism and travel account for 6% of the country's direct employment and a significant portion of the country's informal sector depends on revenue generated from foreign tourists.

            Proliferation of money exchangers

            Along with Thai Bahts, certain establishments also accept other foreign currencies like the US Dollar in Thailand. However, foreign tourists are required to change their fiat currencies to Thai Bahts for regular use.

            There are multiple foreign exchange booths (especially in tourist locations) where foreign currencies can be exchanged. Using your ATM / credit card is also an option, but leads to additional charges (withdrawal fees, in addition to forex surcharges).

            Banks invest in technology including Blockchain

            Thai banks, like banks across the world, have been investing in technology to remain competitive. SCB Digital Ventures, the venture arm of Siam Commercial Bank, was one of the investors in Ripple's Series B Funding in September 2016.

            Siam Commercial Bank has more than doubled its technology budget from 7% of the profits last year to 15% of the profits.

            Government stand on Bitcoin

            Bitcoin and Thailand are a natural fit, given the multiplicity of foreign currencies flowing into Thailand. The success or failure of Bitcoin in Thailand depends on the government's attitude towards cryptocurrencies.

            While the Thai Central Bank, has in the past (2013), warned against the dangers of using Bitcoin (given the lack of existing laws), cryptocurrencies continue to flourish.

            There are 2 exchanges (bitcoin.co.th and coins.co.th), whose payment options include leading Thai Banks such as Bangkok Bank and SCB. Clarity about the Thai government's opinion on Bitcoin could be the catalyst for Bitcoin adoption to take off in Thailand.

            cointelegraph.com
            http://thailandchatter.com/showthrea...ll=1#post45112

            Comment


            • #36
              Originally posted by Jacob J View Post
              foreign tourists are required to change their fiat currencies to Thai Bahts for regular use.
              What Jacob J means is that tourists have to do the same thing they do in every country -- exchange one fiat currency for another. And he missed the real reason bitcoin might be a good fit for Thailand: it's a shadowy, dodgy country where deceit and opportunism thrive and the rule of law is dubious at best. Watch the government remain uncommitted to taking a firm stance on the currency. Their favored position is always ambiguity, so as to make up rules as they go along.
              Last edited by Texpat; 09-18-2016, 11:09 AM.

              Comment


              • #37
                Buy tickets at this Japanese airline with bitcoin
                25th May 2017

                Peach Aviation will accept bitcoin for airline tickets by the end of the year.
                Source: Shutterstock/photosounds

                reports Bloomberg.
                SEE ALSO: Could virtual payment take off among business travelers?
                The Economist, bitcoin can prove to be more secure as travelers need not worry about factors such as price volatility.

                travelwireasia.com
                http://thailandchatter.com/showthrea...ll=1#post45112

                Comment


                • #38
                  http://www.zerohedge.com/news/2017-0...one-gives-damn
                  God, the panic within the Dems, MSM, and left must be horrifying...realizing that Joe is really the best they've got.

                  Comment


                  • #39
                    I am surprised by how large Bitcoin really is.

                    Comment


                    • #40
                      Bitcoin is Disruption

                      This guy Andreas M. Antonopoulos is the guru of Bitcoin.

                      Bitcoin is much much more that simply a currency, it is going to disrupt the central bank financial world in a very big way.

                      Comment


                      • #41
                        Originally posted by sabang View Post
                        I am surprised by how large Bitcoin really is.
                        Indeed the Bitcoin marketcap is approaching 100 billion usd.
                        Mastercard is about 150 billion.

                        I reckon the big players of central banking and central government are taking notice and getting worried.

                        Short of turning off the internet they cannot do much about the phenomena.

                        Comment


                        • #42
                          Market cap was 172 billion this AM. Strong as gold.

                          Comment


                          • #43
                            Down from around 600k baht to around 250k baht in maybe the last 2 weeks?


                            Ouch.

                            Comment


                            • #44
                              Yup had a coworker buy 0.2 bitcoin at it's peak a couple months back. He's currently sitting on a A$2000 loss

                              Comment


                              • #45
                                Little different to going to a casino

                                Comment

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