Name: Links To Child Pornography Found In Bitcoin's Blockchain
Uploaded: 2018-03-30
Duration: 3 min 34 s
Description: The discovery could put the legality of blockchain ownership in Question.

[ MUSIC ] Some big news in the cryptocurrency world, which is, all of these big publishing platforms are banning cryptocurrency ads. It actually started with Facebook earlier this year, Alphabet followed suit. Now this week, we have Twitter. Jumping onboard and saying no to inital coin offering ads. Gen Y, why should they get rid of these advertisements? Well, I think it's a long time coming and we've actually seen not just unquestionable ads Where they're marketing ICOs that may be illegal in other products and trying to take advantage of consumers. But often they're actually phishing scam which we've seen where they're actually doing spoofs, making it look like these are ads for products that consumers are actually searching for in the cryptocurrency space that then turn out to be malicious sites that suck up their data and take their moneys. So this is not just a problem with spam, it's actually a problem with scams and [ UNKNOWN ] taken advantage of. That's a great point. Lots of the [ UNKNOWN ] leaders in the cryptocurrency world lie [ UNKNOWN ] the creator of the theorem. Somebody will tweet under him and say I'm giving away free [ UNKNOWN ] send your address this way But it's a scammer. It's somebody who's posing as him trying to dupe people into sending their own BitCoin that way or ether. Exactly. You don't wanna take candy from a stranger and you also don't wanna take encrypto. Exactly, exactly. So, I mean, this advertising thing, there have been ads following me around the web. I know this like Crypto genius reveals the next BitCoin. Have you seen these? Have you gotten these? I haven't, but you guys are further in, I suspect, than I am. You must have a better ad blocker than we do. Yeah, seriously. Look, I step back on these a little bit, though. I cringe because it's like, okay. Do we really wanna get lid of the entire category, alcohol, tobacco, firearms, and cryptocurrency. These are the things that corrupt our society. So we do certainly burn other types of financial instruments .>> So speaking of burning there is now this issue where on the very blockchain itself could be illegal materials such as child photography such that if you own a copy of the block like most people have if you are mining it if you're using it. You keep a copy of this on your hard drive, that could be illegal. Yeah, so some researchers recently came out with a paper in a science journal. And they said that actually, yeah, it could be illegal to own a copy of the block chain. The block chain's very premise is to be distributed, owned by lots of different people out in the public. But you've got nefarious actors who are embedding terrible things like child abuse imagery inside of it. In my opinion I think that the way that stuff is encoded in data, it's not like it's actually the image itself. So I think that there is You know, you could parse that point. That's true, you'd have to actually make the decision to know it was child pornography and click on it in order to download the image. Otherwise, it's just encrypted material. You're just on this blockchain, but it's not actually visible to you and you'd have to actually Intentionally see it if you wanted it to, which is a different thing because I assume most people who are using the blockchain technology are not actually looking to see that type of material. And this might be an opportunity for the law to start catching up, because I mean I'm no legal expert here, but I recall that it's really around posession. So if it's merely posession, that's kind of a challenge in the circumstances that we're talking about here. And obvioudly you wouldn't blame Verizon or AT & T or your internet service provider, just because they have that kind of material passing through their tubes, their wires. Do we really want that too? I mean, I agree intent is a huge thing here, but the technology is just unprecedented. [ MUSIC ]

The discovery could put the legality of blockchain ownership in Question.

Links To Child Pornography Found In Bitcoin's Blockchain

Finance

This raises legal questions about blockchain ownership. 