{"id":2498,"date":"2017-08-16T00:17:01","date_gmt":"2017-08-16T00:17:01","guid":{"rendered":"http:\/\/thebitcoinpodcast.com\/?p=2498"},"modified":"2017-08-16T00:17:01","modified_gmt":"2017-08-16T00:17:01","slug":"ter71","status":"publish","type":"post","link":"https:\/\/thebitcoinpodcast.com\/ter71\/","title":{"rendered":"Ether Review #71\u200a\u2014\u200aDavid Bailey on Po.et &#038; the MtGox\/BTC-e Connection"},"content":{"rendered":"<p><iframe loading=\"lazy\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/5646869\/height\/90\/width\/640\/theme\/custom\/autonext\/no\/thumbnail\/yes\/autoplay\/no\/preload\/no\/no_addthis\/no\/direction\/backward\/render-playlist\/no\/custom-color\/87A93A\/\" height=\"90\" width=\"640\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe><\/p>\n<p id=\"ced3\" class=\"graf graf--p graf-after--figure\"><a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/twitter.com\/davidfbailey\" target=\"_blank\" rel=\"noopener\" data-href=\"http:\/\/twitter.com\/davidfbailey\">David Bailey<\/a>, CEO of\u00a0<a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/btcmedia.org\/\" target=\"_blank\" rel=\"noopener\" data-href=\"http:\/\/btcmedia.org\">BTC Media<\/a>, discusses the recent\u00a0<a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/medium.com\/@liesleichholz\/mtgox-btc-e-and-the-missing-coins-a-living-timeline-of-the-greatest-cyber-crime-ever-f94fbb1eb42\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/medium.com\/@liesleichholz\/mtgox-btc-e-and-the-missing-coins-a-living-timeline-of-the-greatest-cyber-crime-ever-f94fbb1eb42\">shutdown of BTC-e<\/a>and its mysterious connection to the MtGox hack which led to the exchange\u2019s demise in 2014. He also introduces\u00a0<a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/po.et\/\" target=\"_blank\" rel=\"noopener\" data-href=\"http:\/\/po.et\">Po.et<\/a>, a revolutionary proof-of-existence blockchain platform.<\/p>\n<p id=\"6bc9\" class=\"graf graf--p graf-after--p\">The arrest of Alexander Vinnik and seizure of the BTC-e website by the FBI in late July shed some long-awaited light on the cold case of the 650,000 bitcoins which went missing from MtGox over several years from 2011 to 2013. Upon his arrest, WizSec released a comprehensive\u00a0<a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/blog.wizsec.jp\/2017\/07\/breaking-open-mtgox-1.html\" target=\"_blank\" rel=\"noopener\" data-href=\"http:\/\/blog.wizsec.jp\/2017\/07\/breaking-open-mtgox-1.html\">report<\/a>\u00a0detailing their findings on the matter, and stating that \u201cVinnik is [their] chief suspect for involvement in the MtGox theft (or the laundering of the proceeds thereof).\u201d [Read more about the\u00a0<a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/medium.com\/@liesleichholz\/mtgox-btc-e-and-the-missing-coins-a-living-timeline-of-the-greatest-cyber-crime-ever-f94fbb1eb42\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/medium.com\/@liesleichholz\/mtgox-btc-e-and-the-missing-coins-a-living-timeline-of-the-greatest-cyber-crime-ever-f94fbb1eb42\">developing timeline<\/a>\u00a0of the MtGox\/BTC-e connection &amp; the lasting\u00a0<a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/etherreview.info\/mtgoxs-lasting-regulatory-legacy-a21960867600\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/etherreview.info\/mtgoxs-lasting-regulatory-legacy-a21960867600\">regulatory legacy<\/a>\u00a0of the hack.]<\/p>\n<p id=\"304a\" class=\"graf graf--p graf-after--p\">Bailey also talks about BTC Media\u2019s partnership with Po.et, whose proof-of-existence mechanism uses hashing to allow media producers to timestamp and license their content in an unalterable system which will verify and automatically issue digital ownership. Po.et combines this timestamp with metadata about the published content to build an open ledger of media assets which includes information such as the original URL, the word count, the author\u2019s name and the publisher.<\/p>\n<p id=\"8a36\" class=\"graf graf--p graf-after--p\">Po.et also enables split-equity and payments terms for writers whose work is published by BTC Media, as well as different licensing agreements. Other use cases include the re-monetization of old content and individual profile management systems for employees of media outlets.<\/p>\n<p id=\"ff09\" class=\"graf graf--p graf-after--p\">The Po.et platform will ultimately build a digital fingerprint of each author\u2019s history and preserve their portfolio on a blockchain, revolutionizing the way in which digital content is published, leveraged and monetized.<\/p>\n<p id=\"8a91\" class=\"graf graf--p graf-after--p\"><a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/twitter.com\/davidfbailey\" target=\"_blank\" rel=\"noopener\" data-href=\"http:\/\/twitter.com\/davidfbailey\">twitter.com\/davidfbailey<\/a><\/p>\n<p id=\"3211\" class=\"graf graf--p graf-after--p\"><a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/btcmedia.org\/\" target=\"_blank\" rel=\"noopener\" data-href=\"http:\/\/btcmedia.org\">btcmedia.org<\/a><\/p>\n<p id=\"dc26\" class=\"graf graf--p graf-after--p\"><a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/twitter.com\/_poetproject\" target=\"_blank\" rel=\"noopener\" data-href=\"http:\/\/twitter.com\/_poetproject\">twitter.com\/_poetproject<\/a><\/p>\n<p id=\"6340\" class=\"graf graf--p graf-after--p\"><a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/po.et\/\" target=\"_blank\" rel=\"noopener\" data-href=\"http:\/\/po.et\">po.et<\/a><\/p>\n<p id=\"8cb2\" class=\"graf graf--p graf-after--p\"><a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/consensys.net\/\" target=\"_blank\" rel=\"noopener\" data-href=\"http:\/\/consensys.net\">consensys.net<\/a><\/p>\n<p id=\"48ff\" class=\"graf graf--p graf-after--p\"><a class=\"markup--anchor markup--p-anchor\" href=\"http:\/\/consensysmedia.net\/\" target=\"_blank\" rel=\"noopener\" data-href=\"http:\/\/consensysmedia.net\">consensysmedia.net<\/a><\/p>\n<p id=\"0628\" class=\"graf graf--p graf-after--p graf--trailing\"><a class=\"markup--anchor markup--p-anchor\" href=\"https:\/\/itunes.apple.com\/\/podcast\/the-ether-review\/id899090462?mt=2\" target=\"_blank\" rel=\"noopener\" data-href=\"https:\/\/itunes.apple.com\/\/podcast\/the-ether-review\/id899090462?mt=2\">https:\/\/itunes.apple.com\/\/podcast\/the-ether-review\/id899090462?mt=2<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Bailey, CEO of\u00a0BTC Media, discusses the recent\u00a0shutdown of BTC-eand its mysterious connection to the MtGox hack which led to the exchange\u2019s demise in 2014. He also introduces\u00a0Po.et, a revolutionary proof-of-existence blockchain platform. The arrest of Alexander Vinnik and seizure of the BTC-e website by the FBI in late July shed some long-awaited light on [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","unlock_protocol_post_locks":"","publish_to_discourse":"","publish_post_category":"","wpdc_auto_publish_overridden":"","wpdc_topic_tags":"","wpdc_pin_topic":"","wpdc_pin_until":"","discourse_post_id":"","discourse_permalink":"","wpdc_publishing_response":"","wpdc_publishing_error":"","footnotes":""},"categories":[1],"tags":[63,11,23,73,10,74],"_links":{"self":[{"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/posts\/2498"}],"collection":[{"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/comments?post=2498"}],"version-history":[{"count":2,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/posts\/2498\/revisions"}],"predecessor-version":[{"id":2503,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/posts\/2498\/revisions\/2503"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/media\/2500"}],"wp:attachment":[{"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/media?parent=2498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/categories?post=2498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thebitcoinpodcast.com\/wp-json\/wp\/v2\/tags?post=2498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}