US Justice Department Indicts Creators of Bitcoin-Anonymizing ‘Samouri’ Wallet

America’s Justice Department “indicted the creators of an application that helps people spend their bitcoins anonymously,” writes Reason.com:

They’re accused of “conspiracy to commit money laundering.” Why “conspiracy to commit” as opposed to just “money laundering”?

Because they didn’t hold anyone else’s money or do anything illegal with it. They provided a privacy tool that may have enabled other people to do illegal things with their bitcoin… What this tool does is offer what’s known as a “coinjoin,” a method for anonymizing bitcoin transactions by mixing them with other transactions, as the project’s founder, Keonne Rodriguez, explained to Reason in 2022: “I think the best analogy for it is like smelting gold,” he said. “You take your Bitcoin, you add it into [the conjoin protocol] Whirlpool, and Whirlpool smelts it into new pieces that are not associated to the original piece.”

Reason argues that providing the tool isn’t a crime, just like selling someone a kitchen knife isn’t a crime:

The government’s decision to indict Rodriguez and his partner William Lonergan Hill is also an attack on free speech because all they did was write open-source code and make it widely available. “It is an issue of a chilling effect on free speech,” attorney Jerry Brito, who heads up the cryptocurrency nonprofit Coin Center, told Reason after the U.S. Treasury went after the creators of another piece of anonymizing software…

The most important thing about bitcoin, and money like it, isn’t its price. It’s the check it places on the government’s ability to devalue, censor, and surviel our money. Creators of open-source tools like Samourai Wallet should be celebrated, not threatened with a quarter-century in a federal prison.
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Nvidia Takes 88% of the GPU Market Share

As reported by Jon Peddie Research, Nvidia now holds 88% of the GPU market after its market share jumped 8% in its most recent quarter. “This jump shaves 7% off of AMD’s share, putting it down to 19% total,” reports XDA Developers. “And if you’re wondering where that extra 1% went, it came from all of Intel’s market share, squashing it down to 0%.” From the report: Dr. Jon Peddie, president of Jon Peddie Research, mentions how the GPU market hasn’t really looked “normal” since the 2007 recession. Ever since then, everything from the crypto boom to COVID has messed with the usual patterns. Usually, the first quarter of a year shows a bit of a dip in GPU sales, but because of AI’s influence, it may seem like that previous norm may be forever gone: “Therefore, one would expect Q2’24, a traditional quarter, to also be down. But, all the vendors are predicting a growth quarter, mostly driven by AI training systems in hyperscalers. Whereas AI trainers use a GPU, the demand for them can steal parts from the gaming segment. So, for Q2, we expect to see a flat to low gaming AIB result and another increase in AI trainer GPU shipments. The new normality is no normality.”

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World’s Largest Solar Farm Goes Online In China

Michelle Lewis reports via Electrek: The world’s largest solar farm, in the desert in northwestern Xinjiang, is now connected to China’s grid. The 3.5-gigawatt (GW), 33,000-acre solar farm is outside Urumqi, Xinjiang’s capital. The state asset regulator’s website cited the Power Construction Corp of China and said it came online on Monday. The solar farm will generate about 6.09 billion kilowatt hours (kWh) of electricity annually. Assuming an EV consumes about 3,000 kWh per year, 6.09 billion kWh could power 2.03 million EVs annually.

The world’s largest solar farm in Xinjiang is part of China’s megabase project, a plan to install 455 GW of wind and solar. The megabase projects are sited in sparsely populated, resource-rich areas and send their generated energy to major urban centers, such as on China’s eastern seaboard. China now boasts the three largest solar farms in the world by capacity. The Ningxia Tenggeli and Golmud Wutumeiren solar farms, each with a capacity of 3 MW, are already online.

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Boeing Passenger Jet Nearly Crashes Due To Software Glitch

Bruce66423 shares a report from The Independent: A potential disaster was narrowly avoided when a packed passenger plane took off just seconds before it was about to run out of runway because of a software glitch. The Boeing aircraft, operated by TUI, departed from Bristol Airport for Las Palmas, Gran Canaria on 9 March with 163 passengers on board when it struggled to take off. The 737-800 plane cleared runway nine with just 260 metres (853ft) of tarmac to spare at a height of 10ft. It then flew over the nearby A38 road at a height of just 30 metres (100ft) travelling at the speed of around 150kts (about 173mph). The A38 is a major A-class busy road, connecting South West England with the Midlands and the north.

The Air Accidents Investigation Branch (AAIB), part of the Department for Transport, said the incident was the result of insufficient thrust being used during take-off. Pilots manually set the thrust level following a software glitch that Beoing was aware of before take-off. “A Boeing 737-800 completed a takeoff from Runway 09 at Bristol Airport with insufficient thrust to meet regulated performance,” the AAIB report said. “The autothrottle (A/T) disengaged when the takeoff mode was selected, at the start of the takeoff roll, and subsequently the thrust manually set by the crew (84.5% N1 ) was less than the required takeoff thrust (92.8% N1 ). Neither pilot then noticed that the thrust was set incorrectly, and it was not picked up through the standard operating procedures (SOPs).”

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eBay To Drop American Express Over Fees

Online marketplace behemoth eBay said it plans to no longer accept American Express, citing what the company says are “unacceptably high fees.” CNBC: It’s a notable blow to American Express, whose customers are often the most attractive among merchants and spend the most money per month on their cards. But it’s not the first time merchants have voiced opposition to AmEx’s business practices by walking away, most notably the warehouse chain Costco nearly a decade ago.

[…] Overland said that eBay customers have become aware of new ways to pay for items, making payments more competitive than ever before, and AmEx was no longer a necessary partner for eBay. eBay has increasingly been offering customers buy now, pay later options on purchases through Apple Pay, PayPal and other companies like Klarna and Affirm as well.

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