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[33]Close binspamdupenotthebestofftopicslownewsdaystalestupid freshfunnyinsightfulinterestingmaybe offtopicflamebaittrollredundantoverrated insightfulinterestinginformativefunnyunderrated descriptive typodupeerror Do you develop on GitHub? You can keep using GitHub but automatically [34]sync your GitHub releases to SourceForge quickly and easily with [35]this tool so your projects have a backup location, and get your project in front of SourceForge's nearly 30 million monthly users. It takes less than a minute. Get new users downloading your project releases today! [36]Sign up for the Slashdot newsletter! or [37]check out the new Slashdot job board to browse remote jobs or jobs in your area [38]× 171089825 story [39]Government [40]Judge Clears Massachusetts to Finally Enforce Its Right-to-Repair Law [41](boston.com) [42]7 Posted by EditorDavid on Monday June 05, 2023 @07:34AM from the tell-your-telematics dept. An anonymous reader shared [43]this report from Boston.com. On Thursday, Massachusetts Attorney general Andrea Campbell "began enforcing the state's new [44]right-to-repair law following years of bitter debate and a [45]wildly expensive ballot initiative that was [46]approved by voters in 2020." In a nutshell, the law requires automakers selling cars in the state to provide customers and independent repair businesses with access to a type of information called "telematics." The term refers to information that is first detected by a car and then transmitted wirelessly elsewhere. This information can be used to easily ascertain problems with a vehicle... Now, new car dealers must tell buyers what kind of data is being collected by a car's telematics system and provide them with a way to access that data. It must also be accessible to independent auto repair shops. If this does not happen, car owners and repairs shops can sue carmakers either triple damages or $10,000, whichever is greater. Manufacturers must equip vehicles starting with model year 2022 with a standardized platform for telematics data that owners can access through a mobile application. Owners can then make this information available to independent repair shops and dealers... The lawsuit has yet to be resolved, and last week carmakers [47]asked US District Judge Douglas Woodlock to issue a temporary restraining order that would prevent Campbell from enforcing the law. In a hearing Woodlock took issue with the law, calling its goal "likely unattainable" and that its enforcement could harm carmakers, according to the [48]Globe. But ultimately Woodlock said that he would not block enforcement. "The people have voted on this and that's the result," he said. "I am loath to impose my own views on the initiative." apply tags__________ 171089767 story [49]AI [50]'The Tech Industry was Deflating. Then Came ChatGPT' [51](msn.com) [52]41 Posted by EditorDavid on Monday June 05, 2023 @03:18AM from the bust-to-boom dept. An anonymous reader shared [53]this report from the Washington Post: A year ago, the mood in Silicon Valley was dour. Big Tech stocks were falling, the cryptocurrency [54]bubble had popped, and a wave of layoffs was beginning to sweep through the industry. Then the artificial intelligence boom hit. Since then, venture capitalists have been throwing money at AI start-ups, investing over $11 billion in May alone, according to data firm PitchBook, an increase of 86 percent over the same month last year. Companies from Moderna to Heinz have mentioned AI initiatives on recent earnings calls... AI is one of the only fields here still hiring, and firms are paying huge salaries for the expertise. Workers here are retraining to specialize in the field... Tech stocks have rallied across the board, a [55]whiplash return to growth after analysts declared the 10-year bull market was finally over. In 2022, the Nasdaq 100, a stock market index dominated by the biggest tech companies, lost an entire third of its value, falling 33 percent in a massive erasure of wealth that had been built up over the past decade. So far in 2023, the Nasdaq 100 is already up 31 percent... The start-up ecosystem is rebounding back to optimism as well, at least for those focused on AI... "VC firms compete for access to hot AI deals while eschewing unprofitable conventional software companies," said Brendan Burke, an analyst with PitchBook. "AI start-ups experience founder-friendly conditions not extended to the rest of the tech ecosystem." Around $12.5 billion in investments have gone into generative AI start-ups this year so far, compared with only $4.5 billion invested in the field in all of 2022, Burke said. Calling NVIDIA an "AI chipmaker," the article points out that Friday NVIDIA's valuation on the stock market was $971.4 billion, "within spitting range of Amazon, which is worth $1.26 trillion." NVIDIA is now "one of only a handful of companies in the world to hit $1 trillion in value." apply tags__________ 171089701 story [56]Security [57]Data Stolen Through Flaw in MOVEit Transfer, Researchers Say [58](reuters.com) [59]7 Posted by EditorDavid on Sunday June 04, 2023 @11:06PM from the exploit-exploited dept. Reuters reports: Hackers have [60]stolen data from the systems of a number of users of the popular file transfer tool MOVEit Transfer, U.S. security researchers said on Thursday, one day after the maker of the software disclosed that a security flaw had been discovered. Software maker Progress Software Corp, after disclosing the vulnerability on Wednesday, said it could lead to potential unauthorized access into users' systems. The managed file transfer software made by the Burlington, Massachusetts-based company allows organizations to transfer files and data between business partners and customers. It was not immediately clear which or how many organizations use the software or were impacted by potential breaches. Chief Information Officer Ian Pitt declined to share those details, but said Progress Software had made fixes available since it discovered the vulnerability late on May 28... Cybersecurity firm Rapid7 Inc and Mandiant Consulting — owned by Alphabet Inc's Google — said they had found a number of cases in which the flaw had been exploited to steal data. "Mass exploitation and broad data theft has occurred over the past few days," Charles Carmakal, chief technology officer of Mandiant Consulting, said in a statement... "Although Mandiant does not yet know the motivation of the threat actor, organizations should prepare for potential extortion and publication of the stolen data," Carmakal said. Thanks to long-time Slashdot reader [61]rexx mainframe for sharing the story. apply tags__________ 171088955 story [62]The Almighty Buck [63]US Financial Watchdog: Money Stored in Venmo/PayPal/CashApp Isn't Federally Insured [64](apnews.com) [65]42 Posted by EditorDavid on Sunday June 04, 2023 @07:54PM from the alternating-currency dept. The Associated Press reports: Customers of Venmo, PayPal and CashApp should not store their money with those apps for the long term because the funds might not be safe during a crisis, [66]the [U.S.] Consumer Financial Protection Bureau warned Thursday... The Federal Deposit Insurance Corporation insures bank accounts up to $250,000. But money stored in Venmo or CashApp or Apple Cash is not being held in a traditional bank account. So, if there is an event similar to a bank run with those payment apps, those funds may not be protected. Some of the funds may be eligible for pass-through insurance coverage if customers do certain activities with the apps, the CFPB said, but generally by default the apps are not covered by deposit insurance. For example, if a customer opened a PayPal Savings account, it would have deposit insurance through PayPal's partner bank, Synchrony Bank. But the general PayPal account is not covered by insurance. For Apple Cash, which can be insured through Green Dot Bank, it requires a user to verify their identity to get deposit insurance. "We find that stored funds can be at risk of loss in the event of financial distress or failure of the entity operating the nonbank payment platform, and often are not placed in an account at a bank or credit union and lack individual deposit insurance coverage," the CFPB said [67]in its report. "Consumers may not fully appreciate when, or under what conditions, they would be protected by deposit insurance," the agency added in its report. apply tags__________ 171088743 story [68]Books [69]Why Bill Gates Recommends This Novel About Videogames [70](gatesnotes.com) [71]51 Posted by EditorDavid on Sunday June 04, 2023 @06:32PM from the geeky-reads dept. Bill Gates wrote a blog post this week [72]recommending a novel about videogame development. Gates calls Tomorrow, and Tomorrow, and Tomorrow. "one of the biggest books of last year," telling the story of "two friends who bond over Super Mario Bros. as kids and grow up to make video games together." Although there are plenty of video games mentioned in the book — Oregon Trail is a recurring theme — I'd describe it more as a story about partnership and collaboration. When Sam and Sadie are in college, they create a game called Ichigo that turns out to be a huge hit. Their company, Unfair Games, becomes successful, but the two start to butt heads. Sadie is upset that Sam got most of the credit for Ichigo. Sam is frustrated that Sadie cares more about creating art than about making their company viable... Most of the book is about how a creative partnership can be equal parts remarkable and complicated. I couldn't help but be reminded of my relationship with Paul Allen while I was reading it. Sadie believes that "true collaborators in this life are rare." I agree, and I was lucky to have one in Paul. An early chapter describing how Sam and Sadie worked until sunrise in a dingy apartment in Cambridge, Massachusetts, could have just as easily been about Paul and me coming up with the idea for Microsoft. Like Sam and Sadie, we worked together every day for years. Paul's vision and contributions to the company were absolutely critical to its success, and then he chose to move on. We had a great relationship, but not without some of the complexities that success brings. Zevin really captures what it feels like to start a company that takes off. It's thrilling to know your vision is now real, but success brings a lot of new questions. Once you make money, do you still have something to prove? How does your relationship with your partner change once a lot more people get involved? How do you make the next idea as good as the last? You can't help but wonder whether you would've been as successful if you started up at a different time... Paul and I were very lucky in terms of our timing with Microsoft. We got in when chips were just starting to become powerful but before other people had created established companies... Tomorrow, and Tomorrow, and Tomorrow resonated with me for personal reasons, but I think Zevin's exploration of partnership and collaboration is worth reading no matter who you are. Even if you're skeptical about reading a book about video games, the subject is a terrific metaphor for human connection. The book is now being [73]adapted into a movie. apply tags__________ 171088333 story [74]Power [75]Can Open Source Speed the Adoption of Clean-Energy Microgrids? [76](linuxfoundation.org) [77]25 Posted by EditorDavid on Sunday June 04, 2023 @04:59PM from the on-the-grid dept. This week the Linux Foundation [78]announced the publication of [79]The Open Source Opportunity for Microgrids: Five Ways to Drive Innovation and Overcome Market Barriers for Energy Resilience. "The research informs readers about microgrids — groups of distributed energy resources designed to improve energy resiliency, with the ability to operate as part of a larger electrical grid, or separately as an island." The report highlights the current state of the microgrid market and explores the potential for open source technology to accelerate the adoption of microgrids worldwide... The report concludes that microgrids are an essential tool to improve energy resilience and advance decarbonization, and that the market faces a range of challenges that the open source ecosystem is well positioned to address. Among other things, the report "examines how participation in relevant open source programs and activities can help address gaps and challenges," according to the announcement, "and accelerate the learning, development, and governance of microgrid initiatives." One focus of the report is "enabling market innovation toward energy resilience at scale, supporting the Energy sector to adopt proven open source-enabled business models, security benefits, and cost reductions demonstrated in the IT and Telecom industries." And according to the foundation's senior vice president of research and communications, the report also "describes the opportunities for open source to accelerate the proliferation of microgrids as a mechanism for clean energy production and consumption." apply tags__________ 171087861 story [80]Cloud [81]Amazon's AWS is 'Retiring' Its Open-Source-and-on-GitHub Documentation [82]15 Posted by EditorDavid on Sunday June 04, 2023 @03:36PM from the what's-up-docs dept. Long-time Slashdot reader [83]theodp writes: On the AWS News Blog, AWS Chief Evangelist Jeff Barr has published a kind of [84]obituary for AWS Documentation on GitHub (RIP, 2018-2023). From the blog post: "About five years ago I [85]announced that AWS Documentation is Now Open Source and on GitHub. After a prolonged period of experimentation we will archive most of the repos starting the week of June 5th, and will devote all of our resources to directly improving the AWS documentation and website." "The primary source for most of the AWS documentation is on internal systems that we had to manually sync with the GitHub repos. Despite the best efforts of our documentation team, keeping the public repos in sync with our internal ones has proven to be very difficult and time consuming, with several manual steps and some parallel editing. With 262 separate repos and thousands of feature launches every year, the overhead was very high and actually consumed precious time that could have been put to use in ways that more directly improved the quality of the documentation." "Our intent was to increase value to our customers through openness and collaboration, but we learned through customer feedback that this wasn't necessarily the case. After carefully considering many options we decided to retire the repos and to invest all of our resources in making the content better." apply tags__________ 171087449 story [86]Transportation [87]In Hawaii, GPS Keeps Sending Drivers Into the Ocean [88](sfgate.com) [89]127 Posted by EditorDavid on Sunday June 04, 2023 @02:34PM from the car-washed dept. Slashdot reader [90]DevNull127 writes: In April a tourist in Hawaii [91]followed GPS driving directions straight into a harbor. And one month later, another tourist [92]did the exact same thing — driving into the same harbor. One onlooker remembers "screaming the whole time to get her attention but her GPS had told her to go there, so she drove right in." When asked if they'd add warning signs, a state government spokeperson said no. "It's really clear that it is a ramp and it leads directly into the water." Although an information specialist for Hawaii's Department of Transportation did offer future tourists this advice. "If you see a body of water, don't drive towards it." apply tags__________ 171087011 story [93]Medicine [94]Lung Cancer Pill Cuts Risk of Death by Half, Study Finds [95](theguardian.com) [96]24 Posted by EditorDavid on Sunday June 04, 2023 @01:34PM from the not-so-terminal-illness dept. The Guardian reports: A pill taken once a day [97]cuts the risk of dying from lung cancer by half, according to "thrilling" and "unprecedented" results from a decade-long global study. Taking the drug osimertinib after surgery dramatically reduced the risk of patients dying by 51%, results presented at the world's largest cancer conference showed... Everyone in the trial had a mutation of the EGFR gene, which is found in about a quarter of global lung cancer cases, and accounts for as many as 40% of cases in Asia. An EGFR mutation is more common in women than men, and in people who have never smoked or have been light smokers. Speaking in Chicago, [Dr Roy Herbst, the deputy director of Yale Cancer Center and lead author of the study] said the "thrilling" results added huge weight to earlier findings from the same trial that showed the pill also halves the risk of a recurrence of the disease... Not everyone diagnosed with lung cancer is tested for the EGFR mutation, which needs to change, Herbst said, given the study's findings... After five years, 88% of patients who took the daily pill after the removal of their tumour were still alive, compared with 78% of patients treated with a placebo. Overall, there was a 51% lower risk of death for those who received osimertinib compared with those who received placebo. The survival benefit "was observed consistently" in an analysis across all study subgroups, including those with stage one, stage two and stage three lung cancer. Chemotherapy had been given to 60% of those in the study, and the survival benefit of osimertinib was seen regardless of whether prior chemotherapy was received. apply tags__________ 171082193 story [98]Cellphones [99]Progressive Web Apps 'Don't Spy or Clog Your Phone'. Do You Use Them? [100](msn.com) [101]74 Posted by EditorDavid on Sunday June 04, 2023 @12:34PM from the outside-the-store dept. "It's worth questioning the status quo of technology," argues the Washington Post's Tech Friend newsletter, "including apps as we know them." Then they tout the benefits of the "[102]non-app app... a hybrid of a website and a conventional app, with features of each" — the unappreciated Progressive Web App (which many still don't know can be installed on your phone's home screen): Web apps look and function pretty much like the conventional apps for your phone or computer, but they clog less space on your device and are less pushy about surveilling you. People who make web apps also say they are easier to create and update than conventional apps... But web apps have been around for years, and most people don't know they exist... [Traditional apps] come with profound downsides, including [103]Big Tech control, privacy compromises and high development costs. It would be healthy if there were palatable alternative paths to our current app system. Web apps might be part of the solution... At their core, web apps are "the web with an app-like cover," said Rob Kochman, senior product manager for Google's Chrome. Kochman and other web app fans say these apps are less demanding and less intrusive than a conventional app. The web app for Starbucks, for example, takes up just 429 kilobytes of storage on my phone — or less than 1 percent of the storage taken by the standard Starbucks Android app... And by design, once a conventional app is on your phone, it can access your phone's guts and peek under the hood of your internet network. Web apps are stingier about access, Kochman and other experts told me. "If you're worried about installing some app, you'd probably prefer that as a web app," said a veteran tech executive who helped develop the original technology for web apps. He referred to a web app as "just a website that took all the right vitamins...." It's difficult to figure out which companies make web apps or find them. There's not an app store for web apps, although there are some attempts like [104]Store.App and [105]Appscope. They're not ideal... Some technologists told me that Apple has held back web apps by limiting their capabilities for Apple devices. The company has said that's not true. And this year, Apple [106]added iPhone feature options for web apps... We should keep challenging what can feel like immutable parts of digital life, including apps. We have to keep asking: What if there's something better? It's as easy as "press the three-dot icon, then select 'Add to home screen.'" But it'd be interesting to hear the perspective of Slashdot readers. So share your thoughts and experiences in the comments. Are you using progressive web apps? apply tags__________ 171083737 story [107]AI [108]Big Tech Isn't Prepared for AI's Next Chapter: Open Source [109](slate.com) [110]29 Posted by EditorDavid on Sunday June 04, 2023 @11:34AM from the opening-AI dept. Security guru Bruce Schneier and CS professor Jim Waldo think big tech has underestimated [111]the impact of open source principles on AI research: In February, Meta [112]released its large language model: LLaMA. Unlike OpenAI and its ChatGPT, Meta didn't just give the world a chat window to play with. Instead, it released the code into the open-source community, and shortly thereafter the model itself was leaked. Researchers and programmers immediately started modifying it, improving it, and getting it to do things no one else anticipated. And their results have been immediate, innovative, and an indication of how the future of this technology is going to play out. Training speeds have hugely increased, and the size of the models themselves has shrunk to the point that you can create and run them on a laptop. The world of A.I. research has dramatically changed. This development hasn't made the same splash as other corporate announcements, but its effects will be much greater. It will wrest power from the large tech corporations, resulting in both much more innovation and a much more challenging regulatory landscape. The large corporations that had controlled these models warn that this free-for-all will lead to potentially dangerous developments, and problematic uses of the open technology have already been documented. But those who are working on the open models counter that a more democratic research environment is better than having this powerful technology controlled by a small number of corporations... [B]uilding on public models like Meta's LLaMa, the open-source community has innovated in ways that allow results nearly as good as the huge models — but run on home machines with common data sets. What was once the reserve of the resource-rich has become a playground for anyone with curiosity, coding skills, and a good laptop. Bigger may be better, but the open-source community is showing that smaller is often good enough. This opens the door to more efficient, accessible, and resource-friendly LLMs. Low-cost customization will foster rapid innovation, the article argues, and "[113]takes control away from large companies like Google and OpenAI." Although this may have one unforeseen consequence... "Now that the open-source community is remixing LLMs, it's no longer possible to regulate the technology by dictating what research and development can be done; there are simply too many researchers doing too many different things in too many different countries." Thanks to long-time Slashdot reader [114]mrflash818 for submitting the article apply tags__________ 171084291 story [115]Operating Systems [116]System76's Open Firmware 'Re-Disables' Intel's Management Engine [117](phoronix.com) [118]18 Posted by EditorDavid on Sunday June 04, 2023 @10:34AM from the securing-boots dept. Linux computer vendor System76 [119]shared some news in a recent blog post. "We prefer to disable the Intel Management Engine wherever possible to reduce the amount of closed firmware running on System76 hardware. We've resolved a coreboot bug that allows the Intel ME (Management Engine) to once again be disabled." Phoronix reports that the move will "benefit their latest Intel Core 13th Gen 'Raptor Lake' wares [120]as well as prior generation devices." Intel ME is disabled for their latest Raptor lake laptops and most older platforms with some exceptions like where having a silicon issue with Tiger Lake. System76 has also added a new firmware setup menu option for enabling/disabling UEFI Secure Boot. The motivation here with making it easier to toggle Secure Boot is for allowing Windows 11 support with SB active while running System76 Open Firmware. apply tags__________ 171081753 story [121]Earth [122]What Stops Millions of Americans From Going Green: Their Landlords [123](msn.com) [124]139 Posted by EditorDavid on Sunday June 04, 2023 @07:34AM from the not-easy-being-green dept. The Washington Post looks at "Americans who want to lower their carbon footprints — [125]but are stymied by their landlords." Homes and apartments burn oil and gas, suck up electricity, and account for about [126]one-fifth of the United States' total greenhouse gas emissions. But current attempts to green America's homes, including billions of dollars in [127]tax credits for energy efficient appliances and retrofits, seem aimed at the affluent owners of detached, single-family homes — in short, Mad-Men-style suburbias. In reality, about [128]one-third of the country's households live in rented apartments or houses... And they generally do not have the spare cash — or the permission from their landlords — to make environmental upgrades. Part of the issue is what's known in economics as the "split-incentive problem," or the "landlord-tenant problem." [129]Roughly 75% of tenants in the United States pay their own utility bills; that means they have a strong incentive to try to conserve electricity, water, or gas to save cash. But their landlords, who have to pay for installing and replacing those appliances and heating systems, don't. They benefit from renting out their properties as quickly and cheaply as possible... Renters, therefore, are often stuck with leaky housing, inefficient appliances and ancient heating systems. According to one study from 2018, renters use almost [130]3 percent more energy than homeowners thanks to the split incentive problem... President Biden's signature climate bill includes an estimated [131]$37 billion in tax credits to help households switch to efficient heat pumps, water heaters, or to seal up and insulate their homes. Those credits are applicable to individual homeowners or renters — but not landlords. According to IRS [132]guidance, "the credits are never available for a home that you don't use as a residence." And few renters are going to want to spend thousands of dollars on a heat pump that they'll have to leave behind when they move... If the landlord problem isn't solved, millions of less wealthy Americans could be left out of the green transition — and will be stuck with higher energy bills. For example, even in the same income bracket, homeowners are almost [133]three times more likely than renters to own electric vehicles — largely because renters lack [134]home charging. There are programs, including some in America's giant climate bill, that could change this... Still, those programs haven't launched yet and aren't expected until at least late this year. And even though renters make up one-third of American households, they're still getting less investment; the tax credits for homeowners are uncapped. The federal government could end up spending well over $50 billion on homeowners, and about $8 billion on renters. Most renters remain at the mercy of their apartment managers and landlords. apply tags__________ 171081529 story [135]Programming [136]NYT: It's the End of Computer Programming As We Know It [137](nytimes.com) [138]199 Posted by EditorDavid on Sunday June 04, 2023 @03:34AM from the and-I-feel-fine dept. Long-time Slashdot [139]theodp writes: Writing for the masses in [140]It's the End of Computer Programming as We Know It. (And I Feel Fine.), NY Times opinion columnist Farhad Manjoo explains that while A.I. might not spell the end of programming ("the world will still need people with advanced coding skills"), it could mark the beginning of a new kind of programming — "one that doesn't require us to learn code but instead transforms human-language instructions into software." "Wasn't coding supposed to be one of the can't-miss careers of the digital age?," Manjoo asks. "In the decades since I puttered around with my [141][ZX] Spectrum, computer programming grew from a nerdy hobby into a vocational near-imperative, the one skill to acquire to survive technological dislocation, no matter how absurd or callous-sounding the advice. [142]Joe Biden told coal miners: Learn to code! [143]Twitter trolls told laid-off journalists: Learn to code! [144]Tim Cook told French kids: Apprenez à programmer! Programming might still be a worthwhile skill to learn, if only as an intellectual exercise, but it would have been silly to think of it as an endeavor insulated from the very automation it was enabling. Over much of the history of computing, coding has been on a path toward increasing simplicity." In closing, Manjoo notes that A.I. has alleviated one of his worries (one [145]shared by President Obama). "I've tried to introduce my two kids to programming the way my dad did for me, but both found it a snooze. Their disinterest in coding has been one of my disappointments as a father, not to mention a source of anxiety that they could be out of step with the future. (I live in Silicon Valley, where kids seem to learn to code before they learn to read.) But now I'm a bit less worried. By the time they're looking for careers, coding might be as antiquated as my first PC." Btw, there are lots of comments — 700+ and counting — on Manjoo's column from programming types and others on whether reports of programming's death are greatly exaggerated. apply tags__________ 171084435 story [146]The Almighty Buck [147]Nigeria's Central Bank Explains Its 2021 Ban on Cryptocurrency Transactions at Banks [148](thenationonlineng.net) [149]30 Posted by EditorDavid on Saturday June 03, 2023 @11:57PM from the monetary-policies dept. In 2020 Nigeria had [150]the third-most cryptocurrency transactions in the world (behind the U.S. and Russia). But "Nigeria's history with crypto has been a bittersweet one where the citizens have embraced digital assets with open arms but the government remains vehemently against it," writes [151]the site Bitcoinist. In early 2021 the BBC reported that "In an effort to regulate the market, Nigeria's central bank banned banks from facilitating cryptocurrency-related transactions in 2017, but the ban remained largely unenforced. However, this year the institution doubled down on its stance." In [152]a statement released on 7 February [2021] it cited the need to protect the general public and safeguard the country from potential threats posed by "unknown and unregulated entities" that are "well-suited for conducting many illegal activities". Since then, many Nigerians have reported that their bank accounts have been frozen due to cryptocurrency-related activity... However many investors with the possibility say they will continue to trade using their overseas bank accounts. They say they can easily revert to peer-to-peer transactions. This means that rather than transferring funds between a financial institution and a cryptocurrency online trading platform, investors transfer funds directly to each other or through a middle person as they buy and sell. This is the method the cryptocurrency community used before the development of the virtual currency marketplace ecosystem in Nigeria... At the heart of the rise of Bitcoin is a distrust of centralised financial systems and top-down economic control, investors say. Many express their frustrations with government policy and the decline of the Nigerian economy. This week the Lagos-based Nigerian newspaper The Nation [153]published this explanation of that crackdown from the Central Bank's deputy governor, Kinsley Obiora. "When the central bank started reacting to COVID with what we call printing money and responding to the crisis, a lot of people in the private sector felt that printing of money could lead to hyper-inflation and these private sector people decided to respond by creating cryptocurrencies." Over time, the creators of cryptocurrency, he added, felt that central banks should not be left with the authority to do whatever they like with money. Fearing that such a mindset might cause inflation and reduce the purchasing power of households, the CBN he said responded to what he called "the good aspect of that change because a lot of people actually took to crypto currencies". Fed up with the antics of the cryptocurrency operators, Obiora said the "we kicked them out of our banking system because the opacity of the system is still a threat to financial system stability". apply tags__________ [154]« Newer [155]Older » Slashdot Top Deals Slashdot Top Deals [156]Slashdot Deals Slashdot Poll Recently, an open letter signed by tech leaders, researchers proposes delaying AI development. Do you agree that AI development should be temporarily halted? (*) Yes ( ) No (BUTTON) vote now [157]Read the 60 comments | 17509 votes Looks like someone has already voted from this IP. If you would like to vote please login and try again. Recently, an open letter signed by tech leaders, researchers proposes delaying AI development. 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