Attack of the 50 Foot Blockchain

News: US investors lose $1.7b on Bitcoin, Lightning Network, Cryptopia hack, QuadrigaCX founder/CEO dies, Tether timeline update

“Crypto is a tax on libertarians the same way lottery is a tax on the poor.”
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Brave web browser no longer claims to fundraise on behalf of others — so that’s nice

Despite Brendan Eich tweeting for about five days to defend Brave’s previous behaviour, his web browser is no longer displaying apparent donation pages for creators who never signed up.
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News: no crypto banking in India, SEC, Texas treats stablecoins as money transmission, cross-EU crypto rules, Bitmain CEOs step down, Tron is nonsense, Girlfriend on the Blockchain

Girlfriend on the blockchain, I know it’s serious.
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KodakOne claims ONE MILLION DOLLARS of … hypothetical copyright-trolling income

Not answered: just how KodakOne’s “artificial intelligence” is supposed to automatically divine the correct email address to send a notice concerning any random web page.
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News: Georgia state senator jailed over Bitcoin miners, Bitmain CEOs, stablecoin money laundering, FCA, Kleiman v. Wright, Deltec and Tether, notes from the crash

“In reality, ‘blockchain’ has always just been an attempt to ride crypto’s cool factor. So if coins crash, people stop caring about blockchain.”
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The Telegram ICO’s TON blockchain has questionable security, and will probably centralise

I’m pretty sure Nikolai Durov is confident nobody could outsmart him here — he’s thought about it really hard, after all. But what happens when someone comes at the Telegram Open Network with a hammer?
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News: Bitmain fires half its employees and all of Bitcoin Cash, Bitcoin Private exploit, Kleiman v. Wright proceeds

“Exchanges don’t go insolvent, they just repeatedly discover they need to do better KYC.”
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News: Brave browser’s opt-out “fundraising” for third parties, fallout from the Bitcoin and Ether price crash, Tether margin trading, UK tax guidance

NUMBER GO UP, December 2017 — “a much bigger run coming in 2018”
NUMBER GO DOWN, December 2018 — actually it’s about the technology, OK,
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News: Augur election bet, Po.et cuts staff, BCTerminal sues The Block, Razer Silver cryptominer scam

Finally — Blockchain comes to the Apple II!
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The “Bart” — sudden hundreds-of-Bitcoin pumps or dumps, to burn the margin traders

Finance journalists need to stop treating crypto as an efficient market that responds to concerns. It’s a thinly-traded unregulated playground for whales, out to wreck the margin traders.
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