HughPickens.com writes: The Bitcoin community is facing one of the most momentous decisions in its six-year history. The Bitcoin network is running out of spare capacity, and two increasingly divided camps disagree about what, if anything, to do about the problem. The technical issue is that a block, containing a record of recent transactions, currently has a 1MB limit. Increasing the block size would allow more transactions on the network at once, helping it to scale up to meet growing demand. But it would also make it more difficult for ordinary users to host full network “nodes” that validate new transactions on the network, potentially making the digital currency more centralized as a result. Now Rob Price writes that two high-profile developers have released a competing version of the codebase that risks splitting the digital currency in two. Gavin Andresen and Mike Hearn have released Bitcoin XT, an alternative version of the core software that supports increasing the block size when required. Bitcoin users will now be forced to decide between “Bitcoin Core” and Bitcoin XT, raising the prospect of a “fork, ” where the digital currency divides into two competing versions. According to Price, Core and XT are compatible right now. However, if XT is adopted by 75% of users by January 2016, it will upgrade to a larger block size that will be incompatible with Core — meaning that if the other 25% don’t then choose to convert, it will effectively split the currency into two. So far, 7.7% of the network has adopted XT, according to website XTnodes.com. “Ultimately, how the dispute is resolved may matter more than the specific decision that’s reached, ” says Timothy B. Lee. “If the community is ultimately able to reach a consensus, the process could become a template for resolving future disagreements. On the other hand, if disagreements fester for months — or, worse, if a controversial software change splits the Bitcoin network into two warring camps — it could do real damage to Bitcoin’s reputation.” Read more of this story at Slashdot.
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Bitcoin Fork Divides Community
WheezyJoe writes: The NY Times brings us a story on the Disney Corporation laying off U.S. tech workers and replacing them with immigrants visiting the country under H1-B visas. The twist is that the immigrant workers are not your nice local visiting foreign guy from the university who wants to stick around ’cause he likes the people here… they are employees of foreign-based consulting companies in the business of collecting H1-B visas and “import[ing] workers for large contracts to take over entire in-house technology units.” The other twist? The U.S. tech workers are required to train their replacements before vacating their jobs, or risk losing severance benefits (excerpts of the Disney’s layoff notice are included in the article). Read more of this story at Slashdot. 
HughPickens.com writes: Jennifer Medina reports at the NY Times that the council of the nation’s second-largest city voted by a 14-1 margin to increase its minimum wage to $15 an hour by 2020. Los Angeles and its almost 4 million residents represent one of the biggest victories yet for those pushing wage increases across the country. Proponents hope it will start to reverse the earning gap in the city, where the top 7% of households earn more than the bottom 67%. Detractors point out the direct cost increase to businesses, which could total as much as a billion dollars per year. If a business can’t handle the increased cost, the employees this measure was designed to help will lose their jobs when it folds. An editorial from the LA Times says it’s vital for other cities nearby to increase their minimum wage, too, else businesses will gradually migrate to cheaper locations. They add, “While the minimum wage hike will certainly help the lowest-wage workers in the city, it should not be seen as the centerpiece of a meaningful jobs creation strategy. The fact is that far too many jobs in the city are low-wage jobs — some 37% of workers currently earn less than $13.25 an hour, according to the mayor’s estimates — and even after the proposed increase, they would still be living on the edge of poverty.” Read more of this story at Slashdot. 
Three years ago, we learned that a Dutch team had developed a biological concrete that could repair its own cracks . They said it might be two or three years before it found its way into a building. Now, it has. Read more… 
mpicpp sends word that the FBI and the U.S. State Department have announced the largest-ever reward for a computer hacking case. They’re offering up to $3 million for information leading to the arrest of Evgeniy Bogachev, a 31-year-old Russian national. Bogachev is the alleged administrator of the GameOver Zeus botnet, estimated to have affected over a million computers, causing roughly $100 million in damages. “Bogachev has been charged by federal authorities in Pittsburgh, Pennsylvania, with conspiracy, computer hacking, wire fraud, bank fraud and money laundering… He also faces federal bank fraud conspiracy charges in Omaha, Nebraska related to his alleged involvement in an earlier variant of Zeus malware known as ‘Jabber Zeus.'” Read more of this story at Slashdot. 
MRothenberg writes Bitcoin’s not just for libertarians and drug dealers any more! Electronic payment service BitPay this week launched a campaign aimed at making Bitcoin transactions more appealing to mainstream business owners — the first time Bitcoin has been featured in a TV spot. Conceived by Felton Interactive Group, the two new ads promote Bitcoin and BitPay as a secure alternative to traditional credit-card transactions. Read more of this story at Slashdot. 
It’s the viral photo that just won’t die. Have you seen this 1960s picture of economy class seating on a Pan-Am 747? It’s a fake. Read more… 
HughPickens.com writes Justin Gillis writes in the NYT that Denmark is pursuing the world’s most ambitious policy against climate change, aiming to end the burning of fossil fuels in any form by 2050 — not just in electricity production, as some other countries hope to do, but in transportation as well. The trouble is that while renewable power sources like wind and solar cost nothing to run, once installed, as more of these types of power sources push their way onto the electric grid, they cause power prices to crash at what used to be the most profitable times of day. Conventional power plants, operating on gas or coal or uranium, are becoming uneconomical to run. Yet those plants are needed to supply backup power for times when the wind is not blowing and the sun is not shining. With their prime assets throwing off less cash, electricity suppliers in Germany and Denmark have applied to shut down a slew of newly unprofitable power plants, but nervous governments are resisting, afraid of being caught short on some cold winter’s night with little wind. “We are really worried about this situation, ” says Anders Stouge, the deputy director general of the Danish Energy Association. “If we don’t do something, we will in the future face higher and higher risks of blackouts.” Environmental groups, for their part, have tended to sneer at the problems the utilities are having, contending that it is their own fault for not getting on the renewables bandwagon years ago. But according to Gillis, the political risks of the situation also ought to be obvious to the greens. The minute any European country — or an ambitious American state, like California — has a blackout attributable to the push for renewables, public support for the transition could weaken drastically. Rasmus Helveg Petersen, the Danish climate minister, says he is tempted by a market approach: real-time pricing of electricity for anyone using it — if the wind is blowing vigorously or the sun is shining brightly, prices would fall off a cliff, but in times of shortage they would rise just as sharply. Read more of this story at Slashdot. 
New submitter DemonOnIce writes: According to The Verge and original report the site that monitor’s China’s Great Firewall activity, China is conducting a large-scale attack on iCloud and Microsoft accounts using its government firewall software. Chinese users may be facing an unpleasant surprise as they are directed to a dummy site designed to like an Apple login page (or a Microsoft one, as appropriate). Read more of this story at Slashdot. 
Passenger rail has never been known for punctuality (at least in this century), but over the past year, Amtrak’s long distance passenger trains have reportedly gone from being late 35 percent of the time to being late 60 percent of the time. But don’t blame Amtrak—it’s being forced to make way for the thousands of trains carrying oil from the Midwest. Read more…