Internet, IT & e-Discovery Blog

Social changes brought about by the Internet & Technology

After reviewing the Foley 2018 Cryptocurrency Survey results Eddie Block and I posted this article entitled “Amid Increased Activity in Texas and Across the Country to Regulate Cryptocurrency Activities, Industry is Also Seeking Greater Regulatory Certainty” Take a look at the Survey and let us know what you think.…
Smart Contracts are basic to creating and verifying blocks in Blockchain, and Wikipedia defines a Smart Contract “is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract.” But if you study that definition really Smart Contracts are computer programs which are “made partially or fully self-executing, self-enforcing, or both.” Under the law a contract is created between at least two parties after there has been an offer,…
Please watch my latest video entitled “The Impact of the Latest Technology Challenges on You” which includes an update on privacy laws including about GDPR, IoT, Cybersecurity, among other topics may affect you and your business. The video was produced by Financial Management Network and SmartPros (a Kaplan company), and my long time friend Jeff Jacobs. The video covers a range of topics including: Data Privacy GDPR CLOUD Act IoT AMI (Advanced…
Law.com reported that “crypto assets, which include cryptocurrencies, tokens, and ICOs, ‘raise issues with respect to consumer and investor protection, market integrity, tax evasion, money laundering and terrorist financing.’” The August 6, 2018 article entitled “G20 Countries’ Cryptocurrency Regulations Highlight Contradictory Blockchain Realities” included these comments: At the 2018 G20 international forum, finance ministers and central bank governors from 20 of the world largest industrialized or emerging nations called for more insight on…
The New York Times reported that “Apple became the first publicly traded American company to be worth more than $1 trillion when its shares climbed 3 percent to end the day at $207.39. The gains came two days after the company announced the latest in a series of remarkably profitable quarters.” The August 3, 2018 article entitled “Apple Is Worth $1,000,000,000,000. Two Decades Ago, It Was Almost Bankrupt” described the introduction of the…
The New York Times reported that “Now the race is on to become the go-to destination for cryptocurrency companies that are looking for shelter from regulatory uncertainty in the United States and Asia.” The July 29, 2018 article entitled “Have a Cryptocurrency Company? Bermuda, Malta or Gibraltar Wants You” included these comments: In small countries and territories including Bermuda, Malta, Gibraltar and Liechtenstein, officials have recently passed laws, or have legislation in the…
The New York Times reported in response to the EU $5.1 billion fine that “Google argued that the European decision was an attack on its ad-based business model. … The arrangement, the company said, lets manufacturers compete with Apple’s iPhones and iPads, by making phones and tablets of various designs and prices, while Google makes money through its services.”  The July 18, 2018 article entitled “E.U. Fines Google $5.1 Billion in Android Antitrust Case
Darkreading.com reported that “To be fair, AI definitely has a few clear advantages for cybersecurity…in reality, like any technology, AI has its limitations.” The July 20, 2018 article entitled “Why Artificial Intelligence Is Not a Silver Bullet for Cybersecurity” included these comments about #1 Fool Me Once: AI Can Be Used to Fool Other AIs: This is the big one for me. If you’re using AI to better detect threats, there’s an attacker…
The DallasNews.com reported that in a small Texas town of Rockdale that  “Chinese firm Bitmain Technologies is opening cryptocurrency mining operations at the site of a former aluminum smelter.”  The July 20, 2018 report entitled “With coal gone, this Texas town is going all in on Bitcoin mining!” included these comments about Bitmain Technologies, based in Beijing: The site of the bitcoin mining operation is next door to Dallas-based Luminant’s Sandow power plant,…
The Washington Post reported that Yann LeCun (Facebook’s chief AI scientist and an early machine-learning architect) said that “Facebook will dramatically accelerate its research into artificial intelligence, …in hopes of ensuring the social network doesn’t fall behind with the technology it will need to contend with Internet rivals and police its gargantuan audience.”  The July 17, 2018 report entitled “Facebook, boosting artificial-intelligence research, says it’s ‘not going fast enough’” included these comments: A…