- A nice article on Tether (in Dutch), which also reveals that Bitfinex is now banking with ING in the Netherlands. Here’s the translation, and here’s a Twitter thread in English by one of the researchers.
- Weiss Cryptocurrency Ratings is horrified by Tether. Its daily trading volume routinely exceeds its market cap, meaning it’s one of the main sources of liquidity in the entire crypto market. (One of the reasons “market cap” is a silly concept for cryptos is that trading is so thin and affects the price so strongly.) This means that if Tether collapses for whatever reason, the crypto market will suddenly be trying to use and get out actual dollars that … aren’t there. I believe I warned you too.
- There’s also some weirdness over what Tether are doing in Puerto Rico. An article ran in Caribbean Business and was then edited — here’s the archive version. Presumably Tether and Nicholas Prouty had a fruitful discussion.
There is so much wrong with this line that I don't know where to begin. pic.twitter.com/IyWanN4lJk
— Robert-Jan den Haan (@erjeetjeh) February 13, 2018
- The CFTC is now offering a bounty for whistleblowers on crypto pump-and-dump schemes.
- What three-letter agency of men with guns is coming after our noble cryptocurrency freedom fighters now? The Federal Communications Commission, ‘cos it turns out Antminers are quick and shoddily-built devices that don’t worry about little things like whether they spew out enough RF interference to blat out mobile phone coverage.
- I call this the “dead Kodak bounce”: the corporate zombie revenant wearing Atari’s flayed and tattered skin is launching an ICO.
- Hackers loaded Monero miner Coinhive into UK, US, and Canadian government websites. And made a total of … twenty-four dollars.
- There’s no inefficiency that crooks won’t sink to when spending other people’s money: Millions Of Android Devices Compromised, Mining For Monero, according to Malwarebytes. Only millions?
The trouble with crypto currency is, eventually you run out of other people’s CPU cycles.
— Paul (@xciv) February 16, 2018
- I Was A Paid Cryptocurrency Shill & I’am Here To Make Amends. Probably just Bitcoin fan fiction, but an amusing read.
- John Quiggin, Crooked Timber: Bitcoin kills the efficient market hypothesis. And his New York Times article making the same point. tl;dr even if they had all the information, people are dumb as hell.
- The Conservative Party, right, but on the blockchain. Getting volunteers to show up by offering them ICO token loyalty points. One of the posited use cases is “queue jumping.”
- And in related news: Technical Analysis Is Stupid. That’s from 2010 and about stocks, but anyone who tries to do chart astrology on a market as ludicrously manipulated as cryptos is being silly.
- How to Lose your Life Savings with Cryptocurrency. Featuring BitConnect.
- I’ll be at the Financial Times’ “Bitcoin after the bubble: is the crypto revolution here to stay?” on February 27.
- I was on the Cascadian Views podcast, the 27 January 2018 show — intro then 46:00 to 1:09:58. This was a pretty good short interview, giving an introduction to Bitcoin and the issues around it, mostly the environmental ones — power consumption, proof of work as a clumsy hack, proof of stake, video card prices, Tethers, CoinBase.
— Pablo Stanley (@pablostanley) January 30, 2018
— Tony “Abolish (Pol)ICE” Arcieri 🦀 (@bascule) February 16, 2018
remember: crypto miners treat their rigs well with proper ventilation and undervoltage and you can be assured of a quality secondhand AHAHAHAHAAHAAAHAHAHAAHAH excuse me pic.twitter.com/pv6Xms8kF9
— Buttcoin (@ButtCoin) February 12, 2018
I just want to die. Please let me die pic.twitter.com/yyUCBG0R4O
— Ed Zitron (@edzitron) February 14, 2018
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