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Criminal Side Of Cryptos Brought to the Surface in the New Hollywood’s Thriller

Criminal side of cryptos brought to the surface in the new hollywood’s thriller

Criminal Side Of Cryptos Brought to the Surface in the New Hollywood’s Thriller

Criminal side of cryptos brought to the surface in the new hollywood’s thriller

Today cryptos are of no surprise for anyone. The fact that almost every sphere of our life is to a certain extent connected with blockchain is also not a secret. However, there are still some things that may take us back. And the recent announcement from Hollywood is a bright confirmation of that.

On March 11, a trailer for an upcoming thriller ‘Crypto’ was released. Directed by John Stalberg Jr. and produced by Jordan Yale Levine and Jordan Beckerman, the movie will focus on the criminal possibilities with cryptocurrencies which are impossible with hard cash.

The story is related to a young agent Martin (his character is played by Bea Knapp) who works on Wall Street as an anti-money laundering executive and has been tasked with investigating a difficult web of corruption and fraud in New York.

According to IMDb, among other famous names involved in the movie are Kurt Russell (plays Martin’s father), Luke Hemsworth, Alexis Bledel, and Vincent Kartheiser.

From the trailer, the tagline of which is “Fear is the ultimate currency,” it is quite difficult to piece the plot together. However, it is clear that the idea behind the movie is to demonstrate that virtual currencies are often used as tools for criminals and bad players in the economy.

At least five different cryptos are featured in the thriller, including Bitcoin (BTC), Stellar (XLM), Waves (WAVES), NEO (NEO) and Ethereum (ETH). Obviously, the team behind ‘Crypto’ had to learn a lot about the market, cryptocurrencies and blockchain technology as a whole.

Jordan Yale Levine commented:

“Both of us have dabbled. I don’t know if either of us would consider ourselves expert. It was really our writers who fleshed out the topic and dove into the research. They were the ones who really became experts to make sure the film was authentic.”

In 24 hours after the trailer was released, it has been viewed more than 312,000 times, most of the viewers are probably crypto fans who believe that a movie entirely devoted to digital currencies will facilitate their mainstream adoption.

‘Crypto’ is scheduled to be released in selected theaters on April 12.

Other Moveis About Cryptos

‘Crypto’ will be the first thriller that regards digital assets. However, in general, it is not the first ever movie about cryptos. Earlier, there have been documentaries related to bitcoin and digital assets. One of them is Trust Machine released last year.

As we reported earlier, Trust Machine was an attempt to present the intricacies of blockchain and cryptocurrency, in a comprehensible manner to the masses. The documentary explains how, over the years, the fintech industry has managed to touch different levels of human sentiments and emotions. The feature-length movie is a whole spice of brilliance, controversies, frenzy, regulations, and everything that goes around in the blockchain and the crypto sphere.

Directed by Alex Winter and produced by Kim Jackson, the documentary can be pretty useful for those interested in the blockchain, cryptos, the way it all functions and opportunities the fintech industry offers.

Published at Wed, 13 Mar 2019 09:29:02 +0000

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Adam Back: Blockstream ‘Has No Patents Related To SegWit’

Blockstream CEO Adam Back has refuted claims by Swedish Pirate Party founder Rick Falkvinge that the company “has patents in SegWit.”


 Pirate Party’s Falkvinge: Blockstream SegWit Support Driven By Patents

In a Twitter response Monday, Back stated Blockstream “does not have any patents, patent applications, provisional patent applications, or anything similar, related to segwit.”

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Falkvinge, who is a staunch supporter of bigger blocks proposed by rival scaling solution campaigners bitcoin Unlimited, had earlier Monday released a dedicated post on his website arguing Blockstream’s SegWit support was for its own interests.

“Based on Blockstream’s behavior in the bitcoin community, I have become absolutely certain that Segwit contains patents that Blockstream and/or their owners have planned to use offensively,” he wrote.

Falkvinge Accuses Blockstream Of ‘Goalpost Moving’

The post accuses Blockstream of “classic goalpost moving” and employing behavior that “only makes sense” under a patent battle.

Falkvinge continues:

…Based on Blockstream’s behavior, I can say with dead certainty that I’ve seen this exact behavior many times in the past, and it’s always when somebody has a dual set of reasons – one for presentation and palate and another that drives the actual course of action.

Back’s Twitter retort appears to be lifted from previous comments on Reddit left by core developer Greg Maxwell.Maxwell

“As is the case for other major protocol features, the bitcoin developers worked carefully to not create patent complications. Segwit was a large-scale collaboration across the community, which included people who work for Blockstream among its many contributors,” he continued.

Moreover, because the public disclosure of segwit was more than a year ago, we could not apply for patents now.

Maxwell reiterated that Falkvinge had previously made similar allegations, which he had addressed separately.

“In short, Rick Falkvinge’s allegations are entirely without merit and are supported by nothing more than pure speculation which had already been debunked,” he concluded.

A Clash Of Ideals?

Falkvinge meanwhile has remained bullish on bitcoin publicly, telling RT in February he expected bitcoin could take over up to 10% of the foreign exchange market.

In his post, however, a clear distinction is drawn between the classic bitcoin ethos and that of Blockstream.

The owners of Blockstream are the classic financial institutions […] that have everything to lose from cryptocurrency gaining ground,” he wrote.

The conclusion is unescapable (sic) here: Blockstream’s constant goalpost shifting has had the underlying goal to have Blockstream’s owners effectively own bitcoin through patent encumbrance.

What do you think about Rick Falkvinge’s claims about Blockstream? Let us know in the comments below!


Images courtesy of Shutterstock, Twitter

The post Adam Back: Blockstream ‘Has No Patents Related To SegWit’ appeared first on Bitcoinist.com.

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BITCOIN_2xBy Mário Malhão on 2016-05-02 16:28:25[wpr5_ebay kw=”bitcoin” num=”1″ ebcat=”” cid=”5338043562″ lang=”en-US” country=”0″ sort=”bestmatch”]