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US Teen Trades Hacked iPhone for Nissan 350Z

ScuttleMonkey posted more than 7 years ago | from the something-for-nothing dept.

230

PieGuy107 writes to mention that seventeen-year-old George Hotz of Glen Rock, NJ has made the trade of the summer. Hotz traded his hacked iPhone for a new set of wheels (Nissan 350Z to be exact) and 3 more 8GB iPhones. "[Terry] Daidone, who's the co-founder of Louisville, Kentucky-based CertiCell, has apparently also offered the young man a paid consulting job, but stresses the company doesn't have 'any plans on the table right now to commercialize Mr. Hotz' discovery'."

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Mom! (-1, Troll)

Anonymous Coward | more than 7 years ago | (#20405037)

Have you seen this guy? Hello? Mom's basement? Holy Cow!

Re:Mom! (4, Insightful)

porcupine8 (816071) | more than 7 years ago | (#20405167)

a) He's seventeen. It's completely acceptable, nay, expected, for someone who is still a minor to be living with their parents. Not much of an insult there.

b) If that's the dorkiest guy you've ever seen? Man, you haven't met many real dorks, have you?

Re:Mom! (2, Interesting)

inKubus (199753) | more than 7 years ago | (#20405199)

Til he gets the 1099-MISC showing $30000 in "Misc Compensation" and the feds want him to pay 10 Gs in taxes..

Re:Mom! (1)

Joebert (946227) | more than 7 years ago | (#20405579)

It's still better than getting a bill for $30K & still having to pay taxes in some form on top of that.

Mom's basement no more ... (3, Insightful)

AHumbleOpinion (546848) | more than 7 years ago | (#20405709)

Have you seen this guy? Hello? Mom's basement? Holy Cow!

When a 17 year old receives a 350Z they are no longer spending much time in Mom's basement. Hopefully not all of that time outside the basement is spent earning money for gas, insurance, and taxes. That prize/gift is taxable, many a game show winner has been screwed by that. Fortunately, or sadly, I've never won anything over $1,000.

To go to a darker topic, I hope he doesn't move from Mom's basement to the basement at the morgue. Giving a high performance car to a 17 year old can be a dangerous thing to do. My Dad and his friends had muscle cars at a young age, he was wise enough to make sure I only had underpowered 4-cylinder Toyota when I was under his roof. By the time I graduated college, got a job, and could afford that 5.7L Trans Am(*) I had enough experience behind the wheel and enough common sense to do little damage. I swear I saw a half dozen cars like mine in the paper, all wrapped around telephone poles by teenage drivers.

(*) That first job didn't pay well enough for a Corvette, and by now I've turned into a cheap bastard. :-)

Re:Mom's basement no more ... (3, Insightful)

treeves (963993) | more than 7 years ago | (#20406197)

Interestingly, I recently heard that the Nissan 350Z is one of the most (if not the most) dangerous cars on the road today - not because of any design problem with the car, but simply due to who drives them and how they drive.

Monday called (5, Funny)

Anonymous Coward | more than 7 years ago | (#20405039)

they want their story back.

1996 called (5, Funny)

Anonymous Coward | more than 7 years ago | (#20405343)

It wants its pop culture reference back.

Re:1996 called (4, Funny)

IthnkImParanoid (410494) | more than 7 years ago | (#20406035)

You fool! The proper reply is: 1992 called and wants David Spade's only good joke back.

Smart Trade (2, Interesting)

Gryle (933382) | more than 7 years ago | (#20405057)

Boy's now got a set of wheels and more iPhones to experiment on. You'd think it'd just be cheaper to pay the him to unlock your phone for you.

Smart Trade-Perks. (0)

Anonymous Coward | more than 7 years ago | (#20405115)

More than that. A job offer as well. Lucky bastard. :)

Re:Smart Trade (1)

Anonymous McCartneyf (1037584) | more than 7 years ago | (#20405195)

This is the fella who unlocks iPhones with soldering irons. I'm sure some of the value is from Holtz's hand-soldering.

uhg (1)

eyeareque (454991) | more than 7 years ago | (#20405077)

Why does Slashdot taste like day old bread bought from the register.co.uk so often?

Re:uhg (1)

Joebert (946227) | more than 7 years ago | (#20405475)

The greenish coloring suggests it's actually more than a day old.

Re:uhg (1)

Cosmic AC (1094985) | more than 7 years ago | (#20405651)

I see stories from the BBC show up on /. all the time. I figured it was due to the BBC rss feed that firefox comes with.

because (1)

thegnu (557446) | more than 7 years ago | (#20406029)

Why does Slashdot taste like day old bread bought from the register.co.uk so often?
Because people who read the register are really lazy and won't post the stories on Slashdot until the next day?

Hackability... (4, Interesting)

posterlogo (943853) | more than 7 years ago | (#20405087)

I like many Apple products, but I can't afford an iPhone (I don't YET consider it a value when it doesn't offer 3G support, etc, and I can't afford to pay just for the style factor). Despite its shortcomings, however, I have been fairly impressed with its hackability (and the efforts those who've modified it for interesting new uses, including unlocking it). I haven't heard any peep out of Apple about discouraging this sort of thing (short of the obvious warnings warranties being voided). I think this approach with the iPhone, and also the highly hacked AppleTV, is enhancing the value of these products, which out of the box, aren't necessarily top of the line in many categories.

Re:Hackability... (1)

dgatwood (11270) | more than 7 years ago | (#20405129)

Hear, hear.

Re:Hackability... (4, Informative)

bWareiWare.co.uk (660144) | more than 7 years ago | (#20405347)

As opposed to Nokia, whose 3G N95 comes with a free SDK (gcc based), POSIX librarys and most of the necessary open source librarys ported by Nokia themselves.

Re:Hackability... (2, Funny)

Anonymous Coward | more than 7 years ago | (#20405385)

But but... it can't possible have the Real Internet (tm) on it! Steve said so!

Re:Hackability... (1)

megaditto (982598) | more than 7 years ago | (#20405809)

Well, Walmart has been selling great sneakers for under $30, yet people still buy they over-priced label items.

 

Re:Hackability... (5, Funny)

tgd (2822) | more than 7 years ago | (#20405855)

Yeah but when you buy name brand instead of Walmart, you know your shoes were made by eight year olds, not five year olds. My morals are worth another $30.

Re:Hackability... (1)

posterlogo (943853) | more than 7 years ago | (#20405969)

Yes, the N95 is pretty sweet, but again, we're talking apples and oranges (ehem) here. It does have a lot of features the iPhone doesn't (yet), but it's unlikely to get hacked to have a touchscreen. Also, it isn't exactly a bargain either. I've held both (damn lucky friends of mine), and believe me, you can feel how much clunkier yet less durable it is than an iPhone. If only we could have the bastard offspring of Apple+Nokia.

Re:Hackability... (0, Troll)

SpaghettiPattern (609814) | more than 7 years ago | (#20405497)

I can't afford to pay just for the style factor

Is that why they always find you In the Kitchen at Parties? [youtube.com]

Tss tss tss (1)

MrCoke (445461) | more than 7 years ago | (#20405089)

_NO_ taste. And that's twice in how many weeks ?

Tss tss tss.

Kids...

I'd feel terrible (2, Funny)

gcnaddict (841664) | more than 7 years ago | (#20405107)

if the 350Z had a salvage title on it...

Life's lessons... (5, Funny)

feepness (543479) | more than 7 years ago | (#20405109)

The poor kid is absolutely boned come tax time.

Re:Life's lessons... (2, Informative)

geekoid (135745) | more than 7 years ago | (#20405289)

Do people under 18 pat taxes?
Even so, it's not that bad.
the first 20K applies as a 'Gift' so no taxes there.

Huh? (3, Informative)

wsanders (114993) | more than 7 years ago | (#20405453)

Everyone in the US over age 0 has to pay taxes, if their income warrants.

The gift tax rules don't apply - he's clearly being compensated for his skills. Strictly speaking, he increased the phone's value himself and then accepted compensation for it. Only his accountant knows for sure.

Re:Huh? (2, Interesting)

PCM2 (4486) | more than 7 years ago | (#20405545)

Strictly speaking, he increased the phone's value himself and then accepted compensation for it. Only his accountant knows for sure.

Unless they wrote up a contract stipulating that he would be compensated for the hacked iPhone with eight unhacked iPhones... and on a completely unrelated side issue, the Nissan was a gift.

Re:Life's lessons... (5, Insightful)

vux984 (928602) | more than 7 years ago | (#20405479)

Do people under 18 pat taxes?

Yes.

Old enough to pay taxes.
Not old enough to vote what they are use for.

One of the many injustices in the system.

Re:Life's lessons... (0)

Anonymous Coward | more than 7 years ago | (#20406177)

No taxation without representation!

Re:Life's lessons... (1)

sonamchauhan (587356) | more than 7 years ago | (#20406341)

Gee, grow up!

Re:Life's lessons... (3, Insightful)

feepness (543479) | more than 7 years ago | (#20405483)

Do people under 18 pat taxes?
Yes.

Even so, it's not that bad. The first 20K applies as a 'Gift' so no taxes there.
How is him trading an iPhone he modified for a car and 8 more iPhones a gift? Believe me, it will not be listed as such on the business owner's return.

He's going to need to take that job just to earn enough by the end of the year to pay the taxes.

Re:Life's lessons... (2, Interesting)

hansamurai (907719) | more than 7 years ago | (#20405737)

I saw him being interviewed on CNN (I think) and he said he's already accepted an offer for an internship at Google next summer. And according to his blog he's already at college. I doubt he'll be taking that job unless he can work remotely, which would be awesome. I worked remotely at school for a tech company and it was the best job ever. Now I work for them full time on site and it's not as fun.

Re:Life's lessons... (1)

diqmay (773248) | more than 7 years ago | (#20405573)

it isn't a gift if it was provided in exchange for goods or services.

Re:Life's lessons... (0)

Anonymous Coward | more than 7 years ago | (#20405877)

You have to file taxes on earned income over, iirc, 600 dollars. Whether or not "filing" means "paying" is a question impossible to answer without knowing all the guy's numbers. Whether the car can be considered a gift (the limit for which, by the way, I think is 13K not 20K, in a given year) or not is another question only an accountant could answer. All this also depends on the person giving the car's actions as well (whether they filed a declaration form of transfer, how much, the title implications, blaaaah blah blah).

Re:Life's lessons... (1, Funny)

Anonymous Coward | more than 7 years ago | (#20406071)

Do people under 18 pat taxes?

Sure do. Some also scratch taxes on the belly.

Re:Life's lessons... (1)

evilviper (135110) | more than 7 years ago | (#20405833)

The poor kid is absolutely boned come tax time.

Assuming he doesn't have a full-time job we haven't heard about, or a massive trust-fund, taxes are entirely a non-issue. He'd have to earn more than approx. $20,000 in a year to have to pay taxes. A used car is well below that limit. Maybe he'll have to work his way through the form, but that's about it.

Re:Life's lessons... (1)

randyest (589159) | more than 7 years ago | (#20406113)

Unless it's trashed and has huge mileage, a use 350Z is almost certainly worth more than $20k. But your counterpoint to the GP stands -- the tax burden won't be that bad. He could sell one of those 3 iphones he got along with the Z and cover it with money left over.

For once (1)

pthor1231 (885423) | more than 7 years ago | (#20405135)

you don't even have to read TFA, TFS has it all

Re:For once (2)

felipekk (1007591) | more than 7 years ago | (#20405521)

Am I the only one that reads this TFA and TFS as The Fucking Article and The Fucking Summary? I know it is The Full Article, but still, got used to it.

Re:For once (0)

Anonymous Coward | more than 7 years ago | (#20406093)

Since that's what it stands for, I'd say no. You're probably not the only one.

Out of the blue? (1, Insightful)

Anonymous Coward | more than 7 years ago | (#20405153)

Yuppie kid just barely in college who was groomed into the industry follows a paint-by-numbers and unlocks the iPhone, receives a new car for it, receives eight more iPhones, and is offered a paid consulting job.

Not that I'm specifically downplaying the accomplishment of being the first to open an iPhone but doesn't anyone else feel that it's rather likely that he had some inside information, or maybe insider access to some specs, or access to a rather priveleged social group or knowledgebase which gave him a serious silver spoon in this whole event?

Even if not--is a single hardware hack good defining criteria for a paid consulting job? Does one hardware hack give him qualifications that graduating CS majors don't have? My guess is there's more affiliation between Hotz and Daidone behind the scenes than the story talks about. Maybe they met several years ago in a NAMBLA chatroom or something.

Re:Out of the blue? (1)

Joe The Dragon (967727) | more than 7 years ago | (#20405177)

is apple paying for this in under the table.

they wanted the iphone to be more open and cell phone people said no so they did this?

Re:Out of the blue? (0)

Anonymous Coward | more than 7 years ago | (#20405751)

>is apple paying for this in under the table.

WTF does this mean?!?

He my not have been the first to open it. (1)

MushMouth (5650) | more than 7 years ago | (#20405225)

An Australian group claimed to have gotten the iPhone working with a hacked Telstra sim on July 30th. That news never made it very far, either refuting or confirming. He claims he did it by using a programmable simm, on which he cloned part of the AT&T sim and part of the Telstra sim.

Re:He my not have been the first to open it. (2, Informative)

foos_guy (847501) | more than 7 years ago | (#20405457)

I believe Hotz unlocked the iPhone itself to work with any SIM. What you've described seems to be hacking the SIM to work with the iPhone.

Speaking as a hiring manager of developers... (1)

netsavior (627338) | more than 7 years ago | (#20405433)

someone who proves they can do something is much more valuable than someone who has a degree. Obviously you look at the candidates that have both, when those candidates are available, but we have found no specific correlation to those with Bachelors or even Masters degrees and those who can actually do the job.

Of course I am not handing out $25,000 cars or defending people who do.

Re:Out of the blue? (4, Interesting)

mkiwi (585287) | more than 7 years ago | (#20405817)

I mentioned the exact same thing but that this was a big group project, he was just the guy (who rather badly) soldered the wire into the iPhone. The way to solder that kind of equipment is with tweezer soldering irons, very small amounts of solder, and either a chemical or 400 grit sand paper to get the solder mask off. You use a smaller 26-28 AWG wire instead of the rather large one he used in the photo to get the best results.

This was a huge team effort, it was not pulled off by this guy alone. The software reverse-engineering alone would take more time than figuring out how to hack the hardware. I don't know if he's a member of the North American Marl0n Brando Look-a-like Association, but come on.

Another thing- I know this post and the parent is going to hit the Trolling trigger for some people, but honestly we have a right to voice our opinion. As a moderator, you can choose three ways: reward the good posts, mod down the truely bad posts, or mod down anything you disagree with. Yes there are trolls out there who need to be dealt with and they are, but seriously our standards for posting and moderation have been slipping and it makes me wonder where /. is headed.

Re:Out of the blue? (0)

Anonymous Coward | more than 7 years ago | (#20406179)

Don't diss the kid just because you are a frustrated ill-paid "developer".
The kid is good, did a good job, and deserved to get paid with a car and phones that will enable him to lay more girls in the next months, than you all "developers" will lay in your whole life.
That is why I don't bother to pay American programmers anymore, I just send all the work I need done to India, and they do for me, faster, for 1/10th of the price, neatly, and I don't have to listen to all this cry-baby stuff.

This kid rules, is all I have to say.

Re:Out of the blue? (2, Interesting)

nahpets77 (866127) | more than 7 years ago | (#20406209)

I just saw on the news today the first iPhone in Canada. Some guy got a 'supersim' card that he had to stick into his phone. Using his desktop computer, he was able to unlock the phone in 30 minutes. He's now using his phone on the Rogers network. I found this supersim hack guide [iphoneworld.ca] by doing a quick google search.

Mods on Crack Again (was Re:Out of the blue?) (1)

adavies42 (746183) | more than 7 years ago | (#20406261)

WTF? How does a homophobic, conspiracy-theoretic troll get to +3 Insightful?

i don't get it... (1)

joeldg (518249) | more than 7 years ago | (#20405179)

first, as another poster says.. why not pay the kid to unlock it.. unless you don't want the car..
second, why didn't the kid hold out for more?
third, I can have some hacked phones if these guys wanna get rid of any maxed-out alienware laptops???

Re:i don't get it... (3, Insightful)

pablo_max (626328) | more than 7 years ago | (#20405233)

Well, first by selling this knowledge, but not actually selling the service of unlocking phones, the kid is sidestepping legal issues. I can imagine that when the kid sold it for much much more, he would have apple's lawyers on him much quicker. Also, how long do you think he can hold out before someone else makes the same breakthrough. I don't know if you ever noticed, but breakthroughs always seem to happen at the same time. So, why not get a free car. Plus, if you read about it you would know that he was not hired as a consultant just for the iPhone, but rather to teach his techs to unlock all manner of cells. This is of course worth more money to that company then unlocking the extremely limited number of iphones.

Re:i don't get it... (0)

Anonymous Coward | more than 7 years ago | (#20405441)

1. The owner of the company doesn't want an unlocked iPhone. He wants publicity, which he has received.
2. It was crazy good luck that somebody wanted the publicity - the kid is damn lucky to have a car to show for it.
3. No. If you want a hacked iPhone, do it yourself; the how-tos are all over the net.

What a waste... (0, Troll)

talonyx (125221) | more than 7 years ago | (#20405183)

Honestly, what the fuck is wrong with this guy? Hacked iPhones are only a matter of time, and his 350Z was probably still worth north of $28,000. Unless he thinks he's going to be able to capitalize on having this phone, he truly is a sorry waste of skin.

Also: if you want a hackable phone, just run Windows Mobile or anything else that is developer-friendly. Normal iPhone users are not going to be willing to go through a bunch of rigamarole to run programs on their devices.

Re:What a waste... (1)

porcupine8 (816071) | more than 7 years ago | (#20405223)

Normal iPhone users are not going to be willing to go through a bunch of rigamarole to run programs on their devices.

Different hack. This one is to make it take any SIM card and work on any network. Plenty of people would love to get an iPhone and use it on their current plan, plenty more would love to use it internationally without AT&T's crazy prices.

Re:What a waste... (1)

Rakishi (759894) | more than 7 years ago | (#20405333)

Interesting. He's a waste of skin because he does things for reasons other than pure monetary profit? Or is he a waste of skin because he can give away $30k worth of car at will while you can't?

Re:What a waste... (1)

ResidntGeek (772730) | more than 7 years ago | (#20406129)

No. The overwhelming likelihood is that he does only (or at least mostly) care about pure monetary profit, but he actually thought this was a good deal. That requires a special kind of stupid.

Re:What a waste... (1)

nine-times (778537) | more than 7 years ago | (#20405403)

A) The hack in question isn't about running unauthorized programs, but about allowing the iPhone to work on any GSM network.

B) "Normal" iPhone users might not be willing to go through the trouble of hacking the iPhone to run additional problems, but thankfully there are some clever iPhone users [nullriver.com] who have made it easy for the rest of us. Run a simple GUI program, wait a couple minutes, and you have a nice little package manager built right into your iPhone. It gives you a list of installable applications, and with a couple taps of your finger, it will download apps from the internet and install them.

Re:What a waste... (1)

QuickFox (311231) | more than 7 years ago | (#20405769)

hacking the iPhone to run additional problems,
I think you're getting confused here. We're talking about the iPhone, so it's a matter of running additional programs. On Windows it would be a matter of running additional problems.

Re:What a waste... (1)

nine-times (778537) | more than 7 years ago | (#20406055)

Good catch. That would be a typo.

Re:What a waste... (1)

Fnkmaster (89084) | more than 7 years ago | (#20405781)

A) What do you mean, what's wrong with the guy? Maybe you misunderstood, he wasn't making a "swap" of a car for an iPhone, he was taking advantage of the situation to get $30,000 worth of press and goodwill with the tech geek community. Maybe he'll hire the kid in a couple years when he's out of college. Getting the unlocked iPhone was just a bonus. Fuck, if I were Steve Jobs, I'd have given the kid a car and a job.

B) Windows Mobile sucks so horridly, I'd never touch it again.

Irony? (1)

ArcherB (796902) | more than 7 years ago | (#20405211)

I wonder if that 350Z has an iPod connection?

Re:Irony? (5, Funny)

tftp (111690) | more than 7 years ago | (#20405417)

It likely does now.

Re:Irony? (2, Informative)

kd5ujz (640580) | more than 7 years ago | (#20405695)

Not only that, but any key fits the ignition.

Press Hype or Me Cynical (2, Informative)

Nymz (905908) | more than 7 years ago | (#20405215)

Maybe I'm just being cynical, but without reading a single article, I feel fairly confident concluding that the kid may be smart for his age but that he didn't do this.

Like that DVD Jon guy, other people did the work, but they are adults, adults with jobs, and they don't want to get sued to death, so they let an underage person take the credit and press. Who would dare sue a kid, because the press luv the fantasy story of some hacker kid sticking it to the man, and companies don't want the bad press of sueing a kid.

Re:Press Hype or Me Cynical (0)

Anonymous Coward | more than 7 years ago | (#20405261)

Companies don't care. See http://www.cnn.com/2004/TECH/internet/01/19/offbea t.mike.rowe.soft.ap [cnn.com] .
If this causes AT&T or Apple to take a hit in profits, you will see a lawsuit. For example, this kid gets hired at the company and they start shipping unlocked iPhones. AT&T will be all over them.
Anonymous Coward Sig 2.0:
--
Madonna > *

Re:Press Hype or Me Cynical (1)

Ajehals (947354) | more than 7 years ago | (#20405395)

AT&T will be all over them.
For what?

I cant see that AT&T or Apple have any basis for a complaint, if anything Apple should be quite happy with the PR (although they may b a little annoyed since it seems they got the tarting price for the iPhone wrong..)

Re:Press Hype or Me Cynical (0)

Anonymous Coward | more than 7 years ago | (#20405299)

Wow. Bitter much?

Re:Anonymous Coward (1)

Nymz (905908) | more than 7 years ago | (#20405823)

Wow. Bitter much?
Haha, I just noticed the next Slashdot story is also a fluff piece on iPhone hype. Tell the truth, did you post before or after it was published?

Re:Press Hype or Me Cynical (4, Insightful)

SplatMan_DK (1035528) | more than 7 years ago | (#20405303)

Like that DVD Jon guy, other people did the work, but they are adults, adults with jobs, and they don't want to get sued to death, so they let an underage person take the credit and press. Who would dare sue a kid, because the press luv the fantasy story of some hacker kid sticking it to the man, and companies don't want the bad press of sueing a kid.
Hmm... let me see...

1.) DVD Jon was actualy a pretty knowledgeable hardcore geek way before he did the CSS crack.
2.) He actually DID get sued. By big companies. On several occasions.

...what was your point again?

:-)

- Jesper

Re:Press Hype or Me Cynical (1)

Nymz (905908) | more than 7 years ago | (#20405435)

1.) DVD Jon was actualy a pretty knowledgeable hardcore geek way before he did the CSS crack.
2.) He actually DID get sued. By big companies. On several occasions.
...what was your point again?
:-)
My point was I haven't read a thing, but don't believe anything from the press. Nothing against the kid, he is probably smarter than I am, but every sound byte I hear focuses on the wonderment of a hacker genius kid that did that cured cancer, when all that was accomplished was breaking the latest pathetic artificial DRM lock down on a product. I'm just ranting thanks for listening. :-)

Re:Press Hype or Me Cynical (1)

gfxguy (98788) | more than 7 years ago | (#20405819)

I thought I read he consulted over the internet with other people.

Re:Press Hype or Me Cynical (1)

JuniorJack (737202) | more than 7 years ago | (#20405327)

Well unless this is the first cellular phone hacked ever, you are right. Nokia, SE, LG and Samsung release number of new phones everyday, with much better protection. They got hacked on a regular basis, but the hacking of the TEA protected siemens modem generated so much hype.

Re:Press Hype or Me Cynical (1)

BillOfThePecosKind (1140837) | more than 7 years ago | (#20405629)

companies don't want the bad press of sueing a kid.

I don't believe you're counting the RIAA on this bit of opinion are you?

Companies and the RIAA (1)

Nymz (905908) | more than 7 years ago | (#20405747)

companies don't want the bad press of sueing a kid.

I don't believe you're counting the RIAA on this bit of opinion are you?

Yes and No, the RIAA is more like a representative for many companies, they really don't sell anything to consumers that consumers could decide to boycott if there was bad press. Hmm, but they do work for the music labels, so if one did want to show disapproval of their behavior, they could stop buying their crappy music.

Re:Press Hype or Me Cynical (1)

Dunbal (464142) | more than 7 years ago | (#20405957)

and companies don't want the bad press of sueing a kid.

I guess they could just get the RIAA to do it for them.

Read the TFA! (5, Insightful)

zedturtle (987328) | more than 7 years ago | (#20405285)

He was given the car by a guy who owns a mid-sized cell phone repair shop in the midwest. This guy (Certicell)'s getting massive publicity out of the hoopla surrounding the unlock. The unlocked iPhone isn't worth a 350Z. Getting mentioned on every news-outlet and riding the coattails of Hotz's fifteen minutes of fame is worth a 350z.

Whoa Dude! (1)

NikkiInSpace (461883) | more than 7 years ago | (#20405325)

Nice trade.

You nailed it! (1)

microcars (708223) | more than 7 years ago | (#20405543)

he did the trade for the same reason GoldenPalace.com [goldenpalace.com] buys a grilled cheese sandwich with the Virgin Mary on it.

Ugh, it's a bad trade -- taxes! (4, Informative)

saddino (183491) | more than 7 years ago | (#20405455)

The IRS will likely consider this taxable event, so young Mr. Hotz is going to be out some serious cash to cover his tax bill. I read somewhere that most game show winners of "free cars" end up selling them to cover the taxes.

Re:Ugh, it's a bad trade -- taxes! (1)

GPL Apostate (1138631) | more than 7 years ago | (#20405627)

People who win cars pay a sweepstakes tax, which is quite stiff.

This person received a car as renumeration, and as he is 17 he is probably in a pretty low tax bracket.

Re:Ugh, it's a bad trade -- taxes! (0)

Anonymous Coward | more than 7 years ago | (#20405755)

Remuneration. He was paid, not given a number again.

Re:Ugh, it's a bad trade -- taxes! (0)

Anonymous Coward | more than 7 years ago | (#20405825)

>This person received a car as renumeration, and as he is 17 he is probably in a pretty low tax bracket.

The word you are looking for is "remuneration".

HTH.

Re:Ugh, it's a bad trade -- taxes! (1)

j79zlr (930600) | more than 7 years ago | (#20406295)

And since he just received a $30,000 car that places him just in the 25% bracket, after standard deductions and what not, assuming he made no other money, he would owe somewhere around $4,000. Not bad for a 350Z IMHO.

Inside Track (0)

Anonymous Coward | more than 7 years ago | (#20405549)

George Hotz of Glen Rock, NJ
...

[Terry] Daidone, who's the co-founder of Louisville, Kentucky-based CertiCell
...

Daidone Communications & Electric LLC [daidone.com] .
631 Morris Avenue
Springfield, NJ 07081
Probably no connection at all. *yawn*

Completely fabricated circus hype for the masses. A quick review of Terry Daidone's personal business affiliations and accomplishments reveals that he's at business level that has more than enough opportunity to have had the whole iPhone "hack" explained to him in septuplicate by 20-30 year veteran computer and electrical engineers.

The more interesting backstory would be: How did Daidone and Hotz come to know each other before this story came out?

Now the question is (2, Funny)

Dachannien (617929) | more than 7 years ago | (#20405567)

...does he call it Hotz Wheels or the Hotzmobile?

digg (1, Funny)

Anonymous Coward | more than 7 years ago | (#20405591)

I was a devout /. reader and dismissed digg.com. Lately I find myself reading digg more than /. because I read this about 2 days ago there. Still love /. but it seems to be more of a filtered digg a day or two old.

apple are marketing gods (1)

blhack (921171) | more than 7 years ago | (#20405603)

has anybody considered that this is just viral marketing? I mean, this feat is pretty darn cool...but it doesn't really accomplish much, now you can use the phone on tmobile as well, but it isn't like the phone now has the capability to be used on every single network out there. If anything, this is good news for apple, not only did they get MORE front page news, but now the kid who did this is being touted as a celebrity; not to mention the fact that they can now sell phones to all of the tmobile customers out there (because they are, after all, just the hardware manufacturer).

Sorry, but I'm pretty sure that the two Russians that this kid collaborated with actually lived in Cupertino.

Car Insurance (4, Interesting)

dagamer34 (1012833) | more than 7 years ago | (#20405649)

Too bad it doesn't come with car insurance. There's no way the guy will be able to afford the premium on a 350Z.

At least opt for a better car. (0)

Anonymous Coward | more than 7 years ago | (#20406053)

Why is it that every 350Z driver you see is a complete tool? It never ends.

iPhones (1)

felipekk (1007591) | more than 7 years ago | (#20405707)

People are confusing here. He won 3 8gig iPhones besides the car. Not 8 iPhones, only 3 of em. So, no worth it.

RIT Theme Song (1)

djtachyon (975314) | more than 7 years ago | (#20405965)

Oh RIT .. you attract all kinds ... female hockey, female rugby, female field hockey .. oh and overpriced phone hackers.
My Motorola Q does just fine, all kinds of emulators, games, browsing utilities, DUN, etc.

RIT Theme Song [djtachyon.com] anybody?

How quickly things change... (0)

Anonymous Coward | more than 7 years ago | (#20406017)

"That's exactly, like, what I don't want," Mr. Hotz said. "I don't want people making money off this."

Unless you give me a car and a job.

keep hacking (5, Funny)

koutkeu (655921) | more than 7 years ago | (#20406095)

Next step: Hack the 350Z and trade it for a jet

Too bad.. (1)

Arceliar (895609) | more than 7 years ago | (#20406163)

out of the 3 iPhones, he'll have to pay 1 as tax, and use 1 more to recoup the losses of his original iPhone he traded, and about 1000 more (or the cash equivilent thereof) when A&AT&T (Apple and AT&T, see what I did there?) find a loophole and sue his ass.

You know they'll find a loophole.

I mean, it's AT&T!

Sorry, but just had to say... (1)

davidsyes (765062) | more than 7 years ago | (#20406213)

ZOOM!! ZOOM!!!
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