The New Issue: Magic beans and bubble machines
Explaining cryptocurrency to an audience of normal people who’ve never heard of this nonsense.
Author: David Gerard
News: Bitcoin mining leaves China, Chia threatens blog about Chia, Warhol NFT, BitConnect charges, ban crypto to stop ransomware, FCA and crypto firms
“If you’re seeing bitcoin on the Underground, it’s time to buy.” So with this ad banned, it must be time to sell.
Rehost: Tr0lly: A day in the life of Stuart Hoegner, General Counsel for Tether
Tether appears to be trying to get satirical posts about them taken down. So I put up a copy here. You should feel free to put one up as well.
Foreign Policy: Chia Is a New Way to Waste Resources for Cryptocurrency
I’d been assembling material for the past week for a proper post on Chia …
News: Everybody hates Chia, Defi100 rugpull, China versus mining, China versus crypto
Q. What do you call unsmokeable mushrooms?
A. Non-Tokeable Fungi.
Bitcoin crashed today — it was market shenanigans, not China
Asset bubbles are fragile, but we still have Tether.
Cryptocurrency in 2021: still dysfunctional nonsense, unusable by normal humans
The blockchain is the future of finance! Because it sure as heck isn’t the present.
Facebook’s Diem stablecoin moves to the US, and hooks up with Silvergate Bank
The Diem USD stablecoin will be issued by Silvergate Bank — the national bank of crypto.
Tether publishes … two pie charts of its reserves
Does nine lines of text on two pie charts satisfy Tether’s agreement with the New York Attorney General to publish a breakdown of its reserves?
News: Bitcoin mining is not green, miners versus programmers, gold is cleaner than bitcoin, exchanges collapse, how to forge an NFT
“Maybe your cryptocurrency is different. But look: you’re in really poor company. When you’re the only honest person in the room, maybe you should be in a different room.”