- Is Ethereum a security? This is the sort of question the Ethereum Foundation and developers don’t really want people asking too much. A group of venture capitalists, led by Andreessen Horowitz, asked the SEC in late March to give it a pass — much as they did The DAO. Preston Byrne is not certain Ethereum isn’t a security, and goes into the question in some detail. Hasufly explores the 2015 ether presale, the dynamics of how fast people bought the initial token offering of ether … and whether Ethereum insiders manipulated the price of ether.
- By the way, Andreessen Horowitz is launching a fund for crypto investments.
- The Kraken crypto exchange posts its position on the New York Attorney General’s letter to exchanges — they’re convinced crypto doesn’t need or want regulation! They think this will convince anyone else there isn’t a huge problem in need of action here.
- Crypto traders may not care about market manipulation … but governments do.
- The Reserve Bank of India cracks down on crypto exchanges in a correct, thorough and effective manner. “India could be left behind in a crucial area of innovation.” Not in this one it won’t.
- Fundstrat has started an index fund of stable coins … things that are specifically constructed to hold a particular price. A fund of funds of US dollars. The point is not clear.
- There’s also something odd going on with the Twitter accounts of Whalepool members. See also this link-laden Twitter thread.
bitfinex's whalepool soldiers sure are deleting a lot of tweets
— Bitterguy Labs (@ButtCoin) April 28, 2018
Apparently IamNomad locked his account for awhile to do some house-cleaning himself. This tweet in particular is unpinned and GONE… pic.twitter.com/qHPROWBHbE
— Spoofy McSpoofface (@ExkrementKoin) April 28, 2018
- IOTA got a long-form writeup in the Financial Times! Mostly about their fan base behaving like belligerent cultists, and documenting the long-running pattern of making threats against people saying anything negative about IOTA. Nicholas Weaver has been having lots of fun with them on his Twitter.
- The mainstream coverage of IOTA’s abusive behaviour causes fallout — “UCL Centre for Blockchain Technologies is no longer associated with the IOTA Foundation. In relation to recent news report, we reaffirm our support for open security research, as a prerequisite for understanding the assurances provided by any blockchain technology. It is inappropriate for security researchers to be subject to threats of legal action for disclosing their results.” (archive)
- The IOTA article in Wikipedia got recreated and deleted repeatedly on Monday, to the point where it was salted against recreation — because IOTA cultists just couldn’t hold off from being themselves. “If you don’t know, IOTA is an underdog that has its knife lined up the the Kaisers heart; we have enemies.” um, OK. A draft version has been started, to be based on third-party Reliable Sources, and not entirely on IOTA blog entries.
IOTA is the blockchain currency for body thetans, with decentralized auditing when you get to the Operating Tangle level@jemimajoanna and @alexandrascaggs are clearly (geddit) Xenu here, https://t.co/fr55WE68eT
— Bitterguy Labs (@ButtCoin) April 26, 2018
- The IOTA cultists — who make the Bitcoin maximalists seem mild — are not so good at this astroturfing thing:
Top troll tip: if you go to the trouble of using multiple user names to comment, maybe don't just copy and paste the same thing as before. pic.twitter.com/rakK7Is1xG
— Jemima Kelly (@jemimajoanna) April 26, 2018
- By the way, it only hit the Bitcoin blogs this week because I tweeted about it — but the Conflict of Interest guideline on Wikipedia has explicitly listed holding cryptocurrencies since October last year. This does not bar you from editing articles on cryptos … but you are required to disclose conflicts of interest, per part 4 of the Wikimedia Foundation terms and conditions. And no, using fiat dollars isn’t a COI, you idiots.
- Former PayPal CEO Bill Harris, who is now an investment fund manager, finally recognizes the unique qualities of bitcoin: “Bitcoin is the greatest scam in history: It’s a colossal pump-and-dump scheme, the likes of which the world has never seen.”
- Russia’s greatest Ponzi mastermind is dead, but his legacy lives on in the crypto world — the story of Sergei Mavrodi.
- Neocash Radio interviews the guy who drew the Bitcoin rollercoaster cartoon. Someone got a tattoo of this thing.
- Fortune has an excellent article on Mark Karpeles, Mt. Gox and Kim Nilsson.
- Coffee buyer attempts to use the Lightning Network, waits to be atomically swapped from the coffee shop network to the police network.
- New York Times cryptocurrency reporter Nathaniel Popper gets an ICO promoter asking him to be an advisor. He demurs. It turns out the ICO, urbit.io, has hijacked the name of another blockchain-ish project, urbit.org … which is most famous for being run by the founder of the Alt-Right strain known as neoreaction, Curtis Yarvin. Cryptocurrency as an overcooked lasagna of crooks, scammers and the occasional neo-Nazi.
- Yarvin was one of the subjects of Elizabeth Sandifer’s Neoreaction a Basilisk (US, UK), the book immediately ancestral to mine! (Yes, the author is called Elizabeth now. You may congratulate her, and also buy her book. My name is in the first sentence.)
— Stilgherrian (@stilgherrian) April 24, 2018
- And now, the weather.
— grubles (@notgrubles) April 26, 2018
and the sequel, Blockchains of Dune by Don Tapscott and Kevin J. Anderson
— RaUL ARTHUR CHARLES AMDERLAINE (@RaUL_AMDERLAINE) April 24, 2018
I saw this first hand. Interviewing candidate who said he was excited about a certain coin. I ask "Isn't that the one with really shady founders?" Him: "… I actually haven't read the whitepaper or anything."
— Chris Lizama (@chrismlizama) April 25, 2018
— Dustin Land (@DustinHLand) April 21, 2018
This multiplayer online crypto investing game is super realistic. You've got everything: "news", "charts", "IPOs", "companies" & "profits".
But to play you WILL need to spend a lot on in-app purchases of coins, because the ones you get for free are pretty useless.
My rating: 3/5.
— Trolly McTrollface (@Tr0llyTr0llFace) April 24, 2018
— Bitterguy Labs (@ButtCoin) April 24, 2018
— Otsu 光一 (@Brotsu) April 27, 2018
Bring this to your next Satoshi's Vision conference. pic.twitter.com/llJczdZzGA
— 🅂🅃🄾🄿 (@StopAndDecrypt) April 26, 2018
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