News: Craig Wright loses, baseball Bitcoin, Kickstarter on the blockchain, Australian crypto scams
A human centipede ouroboros of scammers scamming scammers scamming scammers.
Attack of the 50 Foot Blockchain
Blockchain and cryptocurrency news and analysis by David Gerard
A human centipede ouroboros of scammers scamming scammers scamming scammers.
A version of my previous post about the Volcano Bonds and Bitcoin City, with more geopolitics — this is Foreign Policy, after all.
“Sound stupid? Great, you’re all caught up.”
“The trick in the game is to make losers feel like they are winners, and one of the means of getting them into the trade is by paying them a yield to take on risks they don’t understand.”
The Bitcoin City plan is a recycled version of a previous plan to lease 10% of El Salvador to China.
I expect Bukele to keep promoting Bitcoin as a point of personal pride. But as a practical day-to-day currency, it’s not doing so well right now.
“Libertarian” is when I take your money, it’s different if you take mine.
You can’t even use Bitcoin to buy prepackaged FUD!
Plus: the truth about the burning Chivo kiosk false flag attack.