MAY 25 DIGEST: Blockchain Based Political Party Launches, Ross Ulbricht asks Judge for Leniency

The organizer of the Sydney Bitcoin meetup has launched an Australian political party that utilizes Blockchain tech; Ross Ulbricht has asked the judge of the Silk Road trials to impose the most lenient sentence possible, and more top stories for May 25.

Bitcoin Sydney Meetup Organizer Launches Blockchain Based Political Party

Max Kaye, organizer of the Sydney Bitcoin meetup BitcoinSYD, has launched an Australian political party that utilizes Blockchain technology. The party, which is named the Neutral Voting Block (NVB) does not have any policies of its own. Instead, elected officials are told how to vote by participants using a blockchain.

On its website, the NVB writes:

“The Neutral Voting Bloc values conjecture and a culture of criticism above all else. The NVB in and of itself embodies this value and intends to help foster a naturally critical environment to increase the quality of policy output. By focusing on the environment, and not particular policies, the NVB provides a way to upgrade democracy without being bogged down by partisan politics.”

Ross Ulbricht Asks Judge for Leniency

Convicted Silk Road founder Ross Ulbricht and no less than 97 of his friends and family members have written to his judge just days prior to sentencing, asking her to impose the most lenient sentence possible.

In his own 1.5 page letter to United States District Judge Katherine Forrest, Ulbricht writes:

“If I do make it out of prison, decades from now, I won’t be the same man, and the world won’t be the same place. I certainly won’t be the rebellious risk taker I was when I created Silk Road. In fact, I’ll be an old man, at least 50, with the additional wear and tear prison life brings.”

Under federal mandatory minimum sentencing guidelines, Ulbricht faces at least 20 years in prison and possibly as long as life behind bars.

Bitgold, Inc. Purchases GoldMoney.com for Nearly CA$52M

In a bold move, BitGold has acquired Goldmoney.com, a service that allows users to trade and safely store their gold assets, for CA$51.9 million (US$42.3 million). Goldmoney's CA$1.5 billion worth of precious metals will be virtually moved to the Aurum ledger, the backbone behind BitGold’s trade engine.

Roy Sebag, BitGold CEO, said:

“With the technology of the BitGold platform, we can expand the GoldMoney legacy of trust, security, and a client centric purpose to new markets, growing from a much stronger base and benefiting all stakeholders.”

Bitgold, Inc. Purchases GoldMoney.com for Nearly CA$52M

Famed Mathematician John Nash Killed in Car Crash

John Forbes Nash Jr., the brilliant Princeton University mathematician, whose life story was the subject of the film "A Beautiful Mind," was killed on Saturday in a crash on the New Jersey Turnpike.

Nash is regarded as one of the great mathematicians of the 20th century. He set the foundations of modern game theory while still in his 20s, and his fame grew during his time at Princeton University and at MIT.