News: SEC, Tether, Lightning Network economics, altcoin pumping, even Ripple users don’t use XRP
Some more news bits while I endeavour to untangle Tether.
News: 450m Tethers this week, BitConnect shuts down, GPU miner viruses, US Treasury, unbanking the banked, altcoin fraud
And James Altucher claims to know who Satoshi Nakamoto is, and that he reads Satoshi’s blog daily. Huge if true.
Book news: discounted on Kindle this month, first CreateSpace book in New York Review of Books, IT’S OVER 5000 sold
Adventures in accidentally publishing a slightly popular book.
‘Tis just a seasonal dip! Watching the Bitcoin fire from a safe distance — what just happened
The price of Bitcoin started collapsing this morning. I’m not going to be so foolish as to call it, but I am saying “I told you so” — the only actual money people will get out is actual money that other people put in.
Do your bit for democracy: vote in @ButtCoin‘s Twitter polls
Buttcoins are mined by proof of click.
News: Kik vs SEC, Kraken still offline, Brazil, Portugal, why you can’t cash out, porn ICO, musical blockchain
Things other than KodakCoin happened. I was going to have a “no cryptos” day today, but …
Kodak pt 3: KodakCoin presale, prehistory, hot takes and harsh realities
People keep turning over rocks, and more dubious KodakCoin stuff keeps scurrying out. When the Lambo of possibility thinking hits the brick wall of harsh reality …
News: KodakCoin, Hydro-Québec, South Korea, Bitcoiners don’t take Bitcoin, Lightning Network, Ethereum woes
I spend too much time on Bitcoin Twitter. Yes, I know I did this to myself.
Kodak pt 2: photographers can’t sell KodakCoin, and the Kodak KashMiner is a Bitcoin cloud mining scam
This story actually gets better. The KodakCoin is basically not tradeable, and the Kodak KashMiner is an NYSE-listed company promoting a blatant Bitcoin mining scam. I include numbers for this claim.
Kodak’s ICO for a stock photo site that doesn’t exist yet. But the stock price!
A photo site that pays photographers in ICO tokens rather than actual money isn’t the worst idea Kodak floated today. There was also the Kodak KashMiner cloud Bitcoin mining operation …