Crypto Currency

HTC Exodus 1 Review: Blockchain Dreams

Exodus 1, the so-called blockchain phone that HTC has touted for months, depends on your perspective. As a smartphone with a cryptocurrency side gig? Surprisingly good! But if you were hoping the Exodus 1 would fire the first shots in the Web 3.0 revolution? Well, at ease, friend.In the time that I’ve spent with the…


Exodus 1, the so-called blockchain phone that HTC has touted for months, depends on your perspective. As a smartphone with a cryptocurrency side gig? Surprisingly good! But if you were hoping the Exodus 1 would fire the first shots in the Web 3.0 revolution? Well, at ease, friend.

In the time that I’ve spent with the Exodus 1, I’ve been struck by just how capable it is as a smartphone. That shouldn’t come as a surprise: HTC has a history of making solid, sometimes risk-taking devices. And it was HTC engineers, after all, behind much of the design and manufacturing of Google’s excellent early Pixel lineup. It knows from quality.

HTC

And yet, so much of the Exodus 1 rollout has centered around the blockchain. (“Let My Data Go,” the product website proclaims, in perhaps a bit of an overstep.) Which, yes, it serves as a hardware wallet for storing cryptocurrency and allows owners local control over their private keys, a surprisingly radical notion in a world where data is the new oil. But even Phil Chen, HTC’s decentralized chief offer and Exodus mastermind, acknowledges that these are the earliest days.

“Right now, we’re still working on the fundamentals,” says Chen. “Making sure that it’s secure, working on the key recovery mechanism.”

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The WIRED Guide to the Blockchain

That manifests itself in ways seen and unseen. But first, the good: For a cryptocurrency novice, the HTC Exodus 1 offers an accessible experience. It comes preloaded with Blockfolio, an app for tracking price fluctuations of various coins (a blockchain version of the Stocks app, basically), and Cryptokitties, which is, well, here. More importantly, the HTC has stocked the Exodus 1 with the Zion wallet, which allows you to store and transact with Bitcoin, Litecoin, Ethereum, and a few dozen tokens and collectibles built on the Ethereum blockchain.

Until now, the Exodus 1 has been available as a preorder, available for purchase in cryptocurrency only. In March, you’ll be able to buy it with genuine US dollars. Which underscores, maybe, the underlying tension of this device. The future’s just not quite ready yet.

Blockchain for Beginners

It only takes a minute or so to get set up with Zion. Just create a six-digit pin, get your 12-digit recovery phrase—and write it down somewhere safe, for the love of ether—andvoila. You’re ready to HODL. I had a colleague send a pittance of Litecoin to my shiny new wallet address, and geared up to experience the decentralized internet of Web 3.0 in its full glory.

It turns out there

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Crypto Currency

How much do you know about blockchain, cryptocurrency, and Bitcoin?

How much do you know about blockchain, cryptocurrency, and Bitcoin? mashable.com


How much do you know about blockchain, cryptocurrency, and Bitcoin? mashable.com
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Crypto Currency

The trailer for ‘CRYPTO’ just dropped, and cryptocurrency is good now

With all the exit scams, weird meat obsessions, and cantankerous fan-boy culture, the world of cryptocurrency is kind of a drag. And that’s without even touching on the current and persistent bear market.  But all that has changed, denizens of the internet. Cryptocurrency is good now, and we owe it all to the trailer for…


With all the exit scams, weird meat obsessions, and cantankerous fan-boy culture, the world of cryptocurrency is kind of a drag. And that’s without even touching on the current and persistent bear market. 

But all that has changed, denizens of the internet. Cryptocurrency is good now, and we owe it all to the trailer for the upcoming crypto-themed action flick starring none other than Snake Plissken himself. Say hello toCRYPTO, the film that, like its eponymous subject matter, features a bunch of idiots fighting over bullshit and terrible security practices. 

The trailer for the film, featuring an appropriately bedraggled Kurt Russell, hit the internet on March 11 and oh boy did it get our blood flowing. Go ahead and take a peek. We’ll wait. 

Breathtaking, right? Did you take a moment to bathe in the reflected glory of Luke Hemsworth and Alexis Bledel. Yes? Good, let’s move on.

The story, as much as there appears to be one, follows an anti-money laundering expert’s trip to small town America and a subsequent run in with the Russian mob. But put that aside for a moment, and let’s focus on the verisimilitude of the thing. 

It can only go up.

It can only go up.

Image: screenshot / “crypto”

From the amazing file labeling system (hello “KICKBACKS”), to the apparent Coinbase knockoff DELTA COIN listing bitcoin cash at $983.74 (which, LOL),CRYPTOproves that the true cryptocurrency

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Crypto Currency

9 Questions for Facebook After Zuckerberg’s Privacy Manifesto

presented an entirely new philosophy. For 15 years, the stated goal of Facebook has been to make the world more open and connected; the unstated goal was constructing a targeted advertising system built on nearly infinite data. Yesterday, though, Zuckerberg pronounced that the company is reversing course. The social network of the future won’t be…


presented an entirely new philosophy. For 15 years, the stated goal of Facebook has been to make the world more open and connected; the unstated goal was constructing a targeted advertising system built on nearly infinite data. Yesterday, though, Zuckerberg pronounced that the company is reversing course. The social network of the future won’t be one where everyone connects openly together, as in a town square; it will be one where more connections happen one to one, as in a living room. Instead of data permanence, data will disappear.

Facebook isn’t putting the current platform—worth roughly half a trillion dollars—in the garbage disposal. As Zuckerberg made clear in a Wednesday afternoon interview with WIRED, Facebook as we know it now will still exist. But it will change. And there will also just be something new.

It’s unclear the extent to which Facebook will ultimately push users toward privacy, and in what exact ways. But Zuckerberg controls Facebook, and his manifesto will make its gears start to turn in different directions. As that begins, here are nine important questions the company will have to think through.

1. Facebook knows how to make money in the town square. How does it make money in this new living room?

Private, encrypted messaging is hard to monetize. In our interview, Zuckerberg demurred when asked what the new business model will be after clamping down on the data firehose. The company would, he said, build the product first and figure out the financials later. Facebook does have nascent efforts in commerce and cryptocurrency, but there’s no question that figuring out revenue on the new platform will be a hard problem for Dave Wehner, Facebook’s chief financial officer. A former Facebook employee told me last night, “Mark is like a cartoon character who walks through a bunch of dangerous situations and always comes out on top. Dave is the guy running behind him catching the cat, stopping the ladder from tipping, deflecting the flying axe with a manhole cover.”

2. What does this do to safety on the platform?

Facebook rightly faces endless criticism for all the data it collects. But there are benefits to data collection as well. It can help stop bullies, or even potential suicides. Once those communications become private, Facebook no longer has the same powers to track and moderate. The public—from the media, to nonprofits, to academics, to individuals, to the government—also uses the public nature of Facebook to track bad behavior. If Russian intelligence operatives had just used private encrypted messaging to manipulate Americans, would they have been caught? As Facebook knows from running WhatsApp, which is already end-to-end encrypted, policing abuses gets ever harder as messages get more hidden.

In our interview, Zuckerberg explained that this, not fears about the business model, is what keeps him up at night. “There is just a clear trade-o

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Cryptography experts are already laughing at ‘Facebook Coin’

Facebook’s rumored cryptocurrency project hasn’t even launched, and yet it’s already a punchline for the tens of thousands of security professionals, cryptographers, and researchers gathered at the annual RSA conference.  On March 5, in the San Francisco Moscone Center, the hotly anticipated Cryptographers’ Panel met to discuss the future of cryptography, the internet, and e-commerce.…


Facebook’s rumored cryptocurrency project hasn’t even launched, and yet it’s already a punchline for the tens of thousands of security professionals, cryptographers, and researchers gathered at the annual RSA conference. 

On March 5, in the San Francisco Moscone Center, the hotly anticipated Cryptographers’ Panel met to discuss the future of cryptography, the internet, and e-commerce. Of course cryptocurrency came up, with a mention of the so-called Facebook Coin drawing perhaps the biggest laugh of the talk. 

Speaking of the problems inherent in putting even great research ideas into practice, panelist and cryptography expert Paul Kocher (known for, among other things, co-discovering Spectre) told attendees that the blockchain only makes things trickier. 

“[The] idea of combining Bitcoin’s theft mitigation and Facebook’s privacy seems particularly toxic for users.”

“When you add the froth of blockchain into there, these just sort of things that seem crazy just keep amplifying,” he explained. “I think the latest one that I saw is one where you can take Bitcoin where you can lose your money, Facebook you can lose your privacy, and now t

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