Bitcoin was introduced to the world in 2008 through the white paper of Satoshi Nakamoto, a pseudonymous person or persons who demonstrated the ability to conduct commerce online with digital currency, it was clear blockchain technology as it is now called was a foundational and disruptive invention. </p><figure class="embed-base image-embed embed-19" role="presentation"><div><img src="https://specials-images.forbesimg.com/imageserve/5e1a3440a854780006e84fe1/960×0.jpg?fit=scale" alt="Virgil Griffith pictured in his design of WikiScanner" data-height="305" data-width="320"></div><figcaption><fbs-accordion class="expandable" current="-1"><p class="color-body light-text">Virgil Griffith, pictured in a public library site, where WikiScanner was evaluated for how it would <span class="plus" data-ga-track="caption expand">… [+]</span><span class="expanded-caption"> impact WikiPedia </span></p></fbs-accordion><small>Dr. Charles Best Secondary School Library</small></figcaption></figure><p>As the Internet displayed the ability for information to cross borders and create a worldwide platform of communications, countries reacted based on their values and ideals in different ways. The U.S. embraced the commercial potential of the Internet while China limited the information that came in as a way of maintaining totalitarian control over its population. </p><p>Now, the world’s economic leaders face a disruption that is a game-changer in the world economic stage – cryptocurrencies, or currencies that exist only in digital form and powered by a decentralized form of trust where transactions can be verified anywhere in the world and are no longer reliant on a central intermediary such as a bank. For countries such as U.S. and China, cryptocurrencies pose major threats to their current position as world superpowers. For North Korea, this technology presents an opportunity to advance its ambitions toward becoming a superpower. </p><p>As to the potential for cryptocurrency to be disruptive, 2019 definitely proved how serious policymakers in the U.S. view this threat. The uproar surrounding the Facebook Libra hearings in Congress with Mark Zuckerberg, the President’s tweets describing Bitcoin as coming “out of thin air,” and finally the Secretary of State Mnuchin characterization of cryptocurrency as a national security threat, indicated there was a high level of concern how cryptocurrency might be a danger to the United States. </p><div class="vestpocket" vest-pocket></div><p>Indeed, the idea that Bitcoin, Libra, or any other cryptocurrency might become enough of a valuable digital currency that poses a threat against the greatest weapon the U.S. has in terms of handling foreign affairs – the potential to undercut economic sanctions. The dominance of the U.S. dollar around the world creates the opportunity that, should the U.S. impose sanctions on another country, such as North Korea, the impact is real and painful.</p><p>Mr. Brian Klein, who is described as a high stakes trial attorney in his LinkedIn profile, has already successfully appealed for Virgil Griffith’s release on bail and now will be working to defend him against the charges of allegedly transferring knowledge related to cryptocurrency to North Korea. </p><a class="embed-base link-embed embed-13 bg-accent font-accent color-base" href="https://www.linkedin.com/in/brian-klein-a6a1667" target="_blank"> <header class="color-base">Brian Klein – Partner – Baker Marquart LLP | LinkedIn</header> <small class="color-base"> <span class="provider-name">Linkedin</span> </small></a><p>That he took on the case of Virgil Griffith shows the crucial nature of this cases. In terms of his statement to the press, Mr. Klein makes clear he believes in his client’s innocence: </p><blockquote class="embed-base quote-embed embed-14 bg-accent color-base font-accent"><p>‘Virgil should not have been indicted. We are going to vigorously contest the charge and look forward to getting all the facts in front of the jury at trial.’ </p><footer>Brian Klein, High-Stakes Trial Attorney</footer></blockquote><p>Indeed, in the appeal for Dr. Virgil Griffith’s bail, Brian Klein described Virgil Griffith as a provocateur. In a look at the past of the “Internet Man of Mystery,” back in 2008, the New York Times Magazine shows the latest situation for Virgil Griffith is part of a lifestyle – one that for him, may be all part of his plan. </p><a class="embed-base link-embed embed-16 bg-accent font-accent color-base" href="https://www.nytimes.com/2008/11/23/magazine/23wwln-medium-t.html" target="_blank"> <header class="color-base">Virgil Griffith, Internet Man of Mystery</header> <small class="color-base"> <span class="provider-name">Nytimes</span> <span class="author-name">Virginia Heffernan</span> </small></a><p>In 2007, Virgil Griffith created WikiScanner in an attempt to help Wikipedia stay free of propaganda and sabotage, and was quoted in this article with the desire “to create minor public-relations disasters for companies and organizations I dislike.” Even as a freshman at the University of Alabama, his abilities to show how Blackboard, a technology company developing tools for Universities to interact with students, was vulnerable to cyber attacks, resulted in the company filing an injunction against him in before he could present his findings at a conference in 2002: </p><div class="embed-base embedly-align "><fbs-embedly style="padding-bottom: 130.00%;" iframe-src="https://drive.google.com/viewerng/viewer?url=https%3A//www.eff.org/files/filenode/Blackboard_v_Hoffman/20020411-blackboard-complaint.pdf&embedded=true"></fbs-embedly></div><p>As the Grand Jury has indicted Virgil Griffith on Tuesday, January 7 on one count of conspiring to violate the International Emergency Economic Powers Act, as reported by CoinDesk, the stage is now set. It appears the U.S. Attorney’s Offices feels their case is strong in terms of how Virgil Griffith violated the International Emergency Economic Powers Act and seeks a range of 15-21 months in prison. </p><a class="embed-base link-embed embed-9 bg-accent font-accent color-base" href="https://www.coindesk.com/ethereum-developer-virgil-griffith-indicted-over-north-korea-event-appearance" target="_blank"> <header class="color-base">Ethereum Developer Virgil Griffith Indicted Over North Korea Event Appearance – CoinDesk</header> <small class="color-base"> <span class="provider-name">CoinDesk</span> </small></a><p>As the Inner City Press reported, Virgil Griffith was released on bail Thursday, January 9, thanks to both his parents in Alabama and his sister in Maryland, who put up their homes as bond in Virgil’s release. </p><a class="embed-base link-embed embed-11 bg-accent font-accent color-base" href="http://www.innercitypress.com/sdny7nkgriffithicp020920.html" target="_blank"> <header class="color-base">Virgil Griffith Belatedly Released After Indicted For NK Crypto 10 Day Stonewall by SDNY</header> <small class="color-base"> <span class="provider-name">Innercitypress</span> </small></a><p>In a letter dated January 8, 2019 right before the bail hearing, the U.S. Attorney’s Office in the Southern District of New York showed how concerned they were that Virgil Griffith was a flight risk. However, as pointed out by the Defense, although Virgil Griffith has been involved with Tor, a way of using the Dark Web, he ended up supporting Interpol to help capture illegal activities, that ultimately resulted in him being fired from the Tor project. </p><p>Perhaps this indicates that he will again ultimately ‘do the right thing’ and not flee the country, although this is yet to be seen.</p><p><strong>Indictment of Virgil Griffith</strong> </p><div class="embed-base embedly-align "><fbs-embedly style="padding-bottom: 133.33%;" iframe-src="https://cdn.embedly.com/widgets/media.html?src=https%3A%2F%2Fwww.scribd.com%2Fembeds%2F442261237%2Fcontent&url=https%3A%2F%2Fwww.scribd.com%2Fdocument%2F442261237%2FVirgil-Griffith-Indictment&image=https%3A%2F%2Fimgv2-2-f.scribdassets.com%2Fimg%2Fdocument%2F442261237%2F111x142%2F8468e92c26%2F1578588304%3Fv%3D1&key=3ce26dc7e3454db5820ba084d28b4935&type=text%2Fhtml&schema=scribd"></fbs-embedly></div><p><br></p><p> </p>”>

Dr. Virgil Griffith, a long-time hacker characterized as the “Internet Man of Mystery,” has been indicted and will stand trial for traveling to North Korea to teach cryptocurrency and blockchain. After his arrest on Thanksgiving Day in Los Angeles, he now faces a trial in the United States that highlights what will go down in history as an immense technological disruption of the 21st Century.

When Bitcoin was introduced to the world in 2008 through the white paper of Satoshi Nakamoto, a pseudonymous person or persons who demonstrated the ability to conduct commerce online with digital currency, it was clear blockchain technology as it is now called was a foundational and disruptive invention.

As the Internet displayed the ability for information to cross borders and create a worldwide platform of communications, countries reacted based on their values and ideals in different ways. The U.S. embraced the commercial potential of the Internet while China limited the information that came in as a way of maintaining totalitarian control over its population.

Now, the world’s economic leaders face a disruption that is a game-changer in the world economic stage – cryptocurrencies, or currencies that exist only in digital form and powered by a decentralized form of trust where transactions can be verified anywhere in the world and are no longer reliant on a central intermediary such as a bank. For countries such as U.S. and China, cryptocurrencies pose major threats to their current position as world superpowers. For North Korea, this technology presents an opportunity to advance its ambitions toward becoming a superpower.

As to the potential for cryptocurrency to be disruptive, 2019 definitely proved how serious policymakers in the U.S. view this threat. The uproar surrounding the Facebook Libra hearings in Congress with Mark Zuckerberg, the President’s tweets describing Bitcoin as coming “out of thin air,” and finally the Secretary of State Mnuchin characterization of cryptocurrency as a national security threat, indicated there was a high level of concern how cryptocurrency might be a danger to the United States.

Indeed, the idea that Bitcoin, Libra, or any other cryptocurrency might become enough of a valuable digital currency that poses a threat against the greatest weapon the U.S. has in terms of handling foreign affairs – the potential to undercut economic sanctions. The dominance of the U.S. dollar around the world creates the opportunity that, should the U.S. impose sanctions on another country, such as North Korea, the impact is real and painful.

Mr. Brian Klein, who is described as a high stakes trial attorney in his LinkedIn profile, has already successfully appealed for Virgil Griffith’s release on bail and now will be working to defend him against the charges of allegedly transferring knowledge related to cryptocurrency to North Korea.

Brian Klein – Partner – Baker Marquart LLP | LinkedIn

Linkedin

That he took on the case of Virgil Griffith shows the crucial nature of this cases. In terms of his statement to the press, Mr. Klein makes clear he believes in his client’s innocence:

‘Virgil should not have been indicted. We are going to vigorously contest the charge and look forward to getting all the facts in front of the jury at trial.’

Brian Klein, High-Stakes Trial Attorney

Indeed, in the appeal for Dr. Virgil Griffith’s bail, Brian Klein described Virgil Griffith as a provocateur. In a look at the past of the “Internet Man of Mystery,” back in 2008, the New York Times Magazine shows the latest situation for Virgil Griffith is part of a lifestyle – one that for him, may be all part of his plan.

Virgil Griffith, Internet Man of Mystery

Nytimes Virginia Heffernan

In 2007, Virgil Griffith created WikiScanner in an attempt to help Wikipedia stay free of propaganda and sabotage, and was quoted in this article with the desire “to create minor public-relations disasters for companies and organizations I dislike.” Even as a freshman at the University of Alabama, his abilities to show how Blackboard, a technology company developing tools for Universities to interact with students, was vulnerable to cyber attacks, resulted in the company filing an injunction against him in before he could present his findings at a conference in 2002:

As the Grand Jury has indicted Virgil Griffith on Tuesday, January 7 on one count of conspiring to violate the International Emergency Economic Powers Act, as reported by CoinDesk, the stage is now set. It appears the U.S. Attorney’s Offices feels their case is strong in terms of how Virgil Griffith violated the International Emergency Economic Powers Act and seeks a range of 15-21 months in prison.

Ethereum Developer Virgil Griffith Indicted Over North Korea Event Appearance – CoinDesk

CoinDesk

As the Inner City Press reported, Virgil Griffith was released on bail Thursday, January 9, thanks to both his parents in Alabama and his sister in Maryland, who put up their homes as bond in Virgil’s release.

Virgil Griffith Belatedly Released After Indicted For NK Crypto 10 Day Stonewall by SDNY

Innercitypress

In a letter dated January 8, 2019 right before the bail hearing, the U.S. Attorney’s Office in the Southern District of New York showed how concerned they were that Virgil Griffith was a flight risk. However, as pointed out by the Defense, although Virgil Griffith has been involved with Tor, a way of using the Dark Web, he ended up supporting Interpol to help capture illegal activities, that ultimately resulted in him being fired from the Tor project.

Perhaps this indicates that he will again ultimately ‘do the right thing’ and not flee the country, although this is yet to be seen.

Indictment of Virgil Griffith



Source link

Register at Binance