- The BBC followed up on my post about the Kodak KashMiner that never was — and got hold of Spotlite CEO Halston Mikail. “Spotlite’s Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead. He said the company would instead run its mining operation privately with equipment installed in Iceland, instead of renting capacity to consumers.” Uh huh.
- (Read this news blog, and hear about this sort of thing five days earlier than everyone else — and it’s just $5/month to aid this endeavour!)
- Why did India ban cryptocurrency trading? A massive Ponzi scheme.
- There’s bans and there’s bans. Crypto remains popular enough in China that police busted a $1.5 billion World Cup gambling ring using Bitcoin, Ether and Litecoin.
- The Russians who hacked the US election were pretty good, but not good enough to avoid recording their crimes on an immutable public ledger of all transactions.
2014, Mt Gox meltdown: Wow, bitcoin really jumped the shark this year!
2015, Silk Road trial: Wow, bitcoin really jumped the shark this year!
2016, Bitfinex hack: Wow, hmm yes
2017, ICO bubble: OK we've reached rock bottom yes?
2018, bitcoin implicated in Mueller probe
— sarah jeong (@sarahjeong) July 13, 2018
- Alexander Vinnik of BTC-e and, quite likely, the massive theft of bitcoins from Mt. Gox, will be extradited to France first rather than Russia. (Original.) It is considered likely that the US will get him next.
Funds are snafu
— Buttcoin (@ButtCoin) July 11, 2018
- Asset manager BlackRock is investigating cryptocurrencies … but is seeing zero demand amongst institutional clients. “I don’t believe any client has sought out crypto exposure. I’ve not heard from one client who says, ‘I need to be in this.’”
- The New York Public Services Commission permits another local electrical authority — in this case, Massena Electric — to charge crypto miners special rates. “The individual service agreement tariff includes provisions that will protect existing customers from increased supply costs resulting from the new service.”
- For 10,000 euros, Fujitsu will tell you whether your business could benefit from a blockchain! My rates are quite a bit cheaper, but are certainly enough to convince your boss, should your workplace be under threat of blockchain — give me a call, I look convincing in a suit!
- Dave Birch on supply chains and blockchains. He doesn’t see huge applicability, though the transparency will possibly be useful.
- A new study from Satis Group — a “Premier ICO Advisory Group” who are so technically on the ball with cryptography that they can’t run (archive) a secure SSL website — says that 80% of ICOs in 2017 were scams. Only 80%? That can’t be right.
- Some not particularly useful Ethereum token called “ifishyunyu” spent $500,000 to DDOS the public Ethereum blockchain and pump up the price of gas (the unit of Ethereum transaction costs).
- Andreas Brekken tests installing a Lightning Network node — really a Bitcoin Core node with lnd — and finds it … surprisingly easy!
— Buttcoin (@ButtCoin) July 16, 2018
- “The blockchain is how you add more Lamborghinis to your Lamborghini account. Even though we’re still trying to figure out how it solves a single problem, one thing is certain: blockchains solve every problem.“
- It’s always comedy gold when Bitcoiners think they have one weird trick that will totally outwit the IRS.
— Leku (@sergio_lecuona) July 13, 2018
— Godson_Bitcoin (@Mansa_Godson) July 13, 2018
"a million computers try and guess the secret number and shout their answers at each other and the first one to guess right gets a prize and we do this over and over forever and thats an economy" — the ComputerCoin specification
— Computer Facts (@computerfact) July 10, 2018
It would currently cost ~$20 to 51% attack four coins for one hour. These four coins have a total marketcap of ~$22 million. pic.twitter.com/BgBDdqCrFL
— CasPiancey (@CasPiancey) July 14, 2018
— Buttcoin (@ButtCoin) July 13, 2018
Craig Wright revealed to be an elaborate multi-year Sacha Baron Cohen undercover character
— Neeraj K. Agrawal (@NeerajKA) July 16, 2018
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