News: Facebook Libra in the House and Senate, CFTC investigates BitMEX, India to ban holding cryptos, Justin Sun’s kidney stones
“Hey everyone. Is it normal and safe to buy bitcoin by mailing envelopes full of cash to someone? Let me know.”
Author: David Gerard
Bitfinex and Tether tell the New York AG they have nothing to do with New York
iFinex needs to deny that 2+2=4. Their strategy is to deny the existence of 2 and 2, and cast doubt on the concept of addition.
Bitfinex/Tether response to NY AG — quick Twitter thread
Waiting all day for these documents to drop, furiously hitting F5 — and iFinex got them in right on the dot of 5:30pm New York time.
Binance’s BNB token burn — why this is meaningless nonsense to fool suckers
If you buy into the idea that a “token burn” might make number go up — you’re the sucker in the relationship.
Synthestech — the ICO for cold fusion alchemy — pivots to nigh-magical dietary supplements
Physicists might tell you that two atoms of a given isotope are literally indistinguishable — but apparently we need “living and synthesized elements, as recommended by Taoist masters.”
News: NY AG on Bitfinex/Tether’s New York ties, Craig Wright tries to move Kleiman v. Wright, IRS on criminal investigations into crypto, regulators still hate Facebook Libra, Trump vs Libra and Bitcoin, more crypto exchange hacks
Perhaps iFinex can argue that two plus two only appears to make four, when actually it makes three, or five, or six hundred and sixty-six.
News: Craig Wright hearing transcript, US Congress staff unimpressed with Facebook Libra, Reggie Fowler court date, Ledger Wallet bad firmware, Roubini/Hayes debate
“Well, let me get this straight. A company you didn’t buy until 2014 is listed as a beneficiary of a trust document you claimed was formed in 2012?”
News: Bitcoin’s $13,000 not-even-a-bubble, how Tether say Tether works, Craig Wright shows up in Florida, Facebook Libra
I’d question even calling this a “bubble” — because there’s no evidence of an influx of retail get-rich-quick dreamers. The only visible cause is manipulation.
Foreign Policy: Facebook’s New Currency Has Big Claims and Bad Ideas — by me
My latest for Foreign Policy is up at last. Here’s audio of the Carlos Maslatón quote.
News: Quadriga was even worse than we thought, FATF crypto guidance finalised, Facebook Libra roundup
I think we can definitely speak in terms of Gerald Cotten’s “alleged” death.