Tech at Night: Patent Troll bill passes the House. Kelly Ayotte makes a nice play on the USF.

Tech at Night

The argument for the ECPA (email warrant law) reform in a nutshell: because a lot of people store important data on other people’s servers, we need to tighten warrant laws for that data. I don’t buy the necessity, especially with FISA also under attack. If terrorists have data on Google’s servers, I want Google to be able to hand over that data. But this idea is popular and I expect it to pass eventually.

I called it: China cut Bitcoin’s access to the Chinese banking system, just as the US cut online gambling access to the US banking system (and like the US did after the freezing of Mt. Gox’s Dwolla account. Result: Bitcoin prices are tumbling, even if firms like Bank of America can’t assume it’s going to go away.

I wish it would though, since Bitcoin continues to be a magnet for crime.

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