This podcast episode features the story of PowerPay, a financial website that aimed to challenge traditional banks' practices until they agreed to change. The podcast discusses how the founder gained media attention and ultimately achieved their goal of shutting down on the site's 10th anniversary.
A US company in the Netherlands avoided paying taxes on $10 billion of revenue by using IP royalties. A subsidiary in Bermuda charged the Netherlands company $9 billion in royalties for the use of the swoosh IP, allowing for a nearly tax-free transaction.
The Ocean Builders "Great Freedoms" Project aimed to offer freedom from bureaucracy, but bureaucratic issues and over-regulation in the cruise ship industry led to the project's failure and the eventual sale of the ship for scrap.
The Pirate Bay was moved to a banking data center, as it was the most attacked site for takedowns and attacks in general. The site's founder believes that instead of constantly improving technology, someone will eventually create something better.
After the Portland Marine Police Force was built and went active by early 2012, incidents of Somali piracy drastically reduced because instead of ships chasing pirates all over the Indian Ocean, they went after pirate logistics by identifying where they are off the coast and intercepting their vessels as they came back to land with captured ships.
The rise of open source environments and collaboration through websites like Counterfeit Library and Shadow Crew has led to an increase in successful cybercrime. Tutorials on eBay fraud were even posted to guide people through the illicit activities.