- Important stuff first: you can still get Attack of the 50 Foot Blockchain to that relative who desperately needs vaccination against bitcoins for Christmas! UK, US. Save them while you can! And make sure you have a copy to defend yourself with over Christmas dinner. Show everyone Mr. Bitcoin on page 77, that should do the trick.
- Yesterday’s post went viral and, at 35,000 hits so far, is the second most popular thing I have ever written anywhere. (First is a lament on the plight of the musician in the modern era, now-third is a history of Winamp.) So I guess the next few parts better deliver!
- Per my headline yesterday: Why you won’t be able to cash out your paper winnings when the bubble bursts. Please, at least cash out what you spent, or you’ll end up where I’ve realised more actual money from Bitcoin than you, without touching one.
- That list of market shenanigans in my post of yesterday is pretty much a shorter version of the one the CFTC put into its proposal concerning Retail Commodity Transactions Involving Virtual Currency (PDF), which I’ve just added to that post:
Beyond their practical and speculative functions, the emergence of these nascent markets has also been negatively marked by a variety of retail customer harm that warrants the Commission’s attention, including, among other things, flash crashes and other market disruptions,52 delayed settlements,53 alleged spoofing,54 hacks,55 alleged internal theft,56 alleged manipulation,57 smart contract coding vulnerabilities,58 bucket shop arrangements and other conflicts of interest.59 These types of activities perpetrated by bad actors can inhibit market-enhancing innovation, undermine market integrity, and stunt further market development.
- Parity asked for a rescue plan after its August wallet disaster that left hundreds of millions of dollars in ether completely inaccessible. The Ethereum community says: “yeah, no.”
- Quinn DuPont: Why owning bitcoin is an unethical conflict of interest for academics who talk about it. Much as with journalists.
- Why Bitcoin And Cryptocurrencies Are The Next Public Relations Landmine. PR people, when we ask you an even slightly difficult question, you having to go back to your client and us having to wait forever does not help your cause. Please help us help you, and know in detail about what on earth you’re pitching.
- Yet more Stupid Bitcoin Forks, to go with the others we’ve had so far. Some of these even have code and not just a website!
lol pic.twitter.com/lvKrV1AeX3
— irish-american spaghetti factory (@KrangTNelson) December 18, 2017
https://twitter.com/Bitfinexed/status/942295016604667906
"No one complains about the environmental impact of goldmining" is such a fractally stupid defense of bitcoin that I'm genuinely impressed
— Rough Beast Stan Account (@SamFateKeeper) December 16, 2017
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