- Someone’s running a literal Ponzi scheme on Ethereum, that they’ve literally called Exitscam.Me. You put some ether into the pot, and this adds time to a counter (maximum 24 hours). When the timer runs out, whoever put money in last gets the lot! There’s also some sort of dividend-sharing arrangement. If we’re very lucky, this will consume all the ether ever mined.
- The UK Treasury’s Digital Currencies Inquiry had its third oral evidence session on Wednesday 4 July — this time featuring David Geale (Financial Conduct Authority), Martin Etheridge (Bank of England) and David Raw (HM Treasury).
- IBM messes with a fully backed dollar-substitute coin, Stronghold. I’m sure this will all end well.
- The hot new risk management stratagem — insurance against crypto heists. “Underwriters can charge a crypto-related company upwards of five times or more than your average business for coverage against loss or theft.”
- Why Stripe Gave Up on Bitcoin and Blockchain Payments. Stripe COO Claire Hughes Johnson “also questioned whether there is any mainstream purpose for Bitcoin and other cryptocurrencies.”
- Hydro-Québec applies market forces to crypto miners — it’s going to charge them twice what it charges its retail customers.
- The Kodak HashPower website has now disappeared. And there’s a Wikipedia article on the Kodak KashMiner. (Started by Andrew Lih, enhanced by me.)
- And here’s the KashMiner at CES in January, after Kodak made Spotlite remove the Kodak branding:
— Myke500 Drone.wtf (@Myke500) January 12, 2018
- In unrelated Kodak crypto-follies, KodakOne/KodakCoin sent an email a few days ago: “We have reached our financial targets both in our Pre-ICO I and II. Our $1 SAFT offering round will remain open until the launch of our platform.” As it happens, their May 2018 “Confidential Offering Memorandum” says that ICO round 2 aimed for $6.75m, but got only $880,000. I’m sure there’s a perfectly reasonable explanation.
- A rough guide to cryptos in Australian tax law — including sensible advice on the tax implications of full-history forks.
- Don’t risk a Ryan Gosling moment — here’s the ICO whose team members are literally cartoon characters!
- Why cryptocurrency white papers are largely trash, with very few exceptions — there’s almost no peer review of any sort, and massive incentives to scam.
- Public service announcement: don’t talk about bitcoins during a job interview with a financial institution.
- David Rosenthal: sensible “smart contracts” are both Decentralised In Name Only and Immutable In Name Only.
- Jorge Stolfi has put another marvelous submission in to the SEC, this one on the prospective VanEck SolidX Bitcoin Trust (PDF).
- I am shocked, shocked to hear that crypto exchanges have strong incentives to report fake volume.
- Don’t forget — Attack of the 50 Foot Blockchain is $1.99 on Kindle Canada, this month only!
— Buttcoin (@ButtCoin) July 21, 2018
Simple flowchart: pic.twitter.com/Q2NCyOLBTH
— vinton g cerf (@vgcerf) July 19, 2018
delighted to discover the latest Russian bitcoin spy is called Maria Buttina
— Buttcoin (@ButtCoin) July 16, 2018
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