David Bailey, CEO of BTC Media, discusses the current shutdown of BTC-e and its mysterious connection to the MtGox hack which led to the change?’?s demise in 2014. He additionally introduces Po.et, a revolutionary proof-of-existence blockchain platform.The arrest of Alexander Vinnik and seizure of the BTC-e web site by the FBI in late July shed some long-awaited gentle on the chilly case of the 650,000 bitcoins which went lacking from MtGox over a number of years from 2011 to 2013. Upon his arrest, WizSec launched a complete report detailing their findings on the matter, and stating that ?’?œVinnik is [their] chief suspect for involvement within the MtGox theft (or the laundering of the proceeds thereof).?’ [Read more about the developing timeline of the MtGox/BTC-e connection & the lasting regulatory legacy of the hack.]Bailey additionally talks about BTC Media?’?s partnership with Po.et, whose proof-of-existence mechanism makes use of hashing to permit media producers to timestamp and license their content material in an unalterable system which can confirm and robotically subject digital possession. Po.et combines this timestamp with metadata concerning the printed content material to construct an open ledger of media property which incorporates data resembling the unique URL, the phrase rely, the creator?’?s identify and the writer.Po.et additionally allows split-equity and funds phrases for writers whose work is printed by BTC Media, in addition to totally different licensing agreements. Other use instances embody the re-monetization of previous content material and particular person profile administration techniques for workers of media retailers.The Po.et platform will in the end construct a digital fingerprint of every creator?’?s historical past and protect their portfolio on a blockchain, revolutionizing the best way during which digital content material is printed, leveraged and monetized.









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