Attack of the 50 Foot Blockchain
Blockchain and cryptocurrency news and analysis by David Gerard
No, nobody can make sense of Venezuela’s Petro, because it doesn’t make sense. Plus more bad blockchain legislation, and SEC charges for fraudulent behaviour dating back to the Golden Age of Bitcoin.
This is the final word on Kodak’s crypto boondoggles. And it’s brutal.
Back in the innocent days of a few months ago, I thought ICO advisors were there to advise. I might multiply my rate for ICO advice 100× going forward.
Coming soon: expensive crowdsourced Bitcoin fan fiction.
I’m 5000 words into a 1500-word article on Tether, and 1000 words into a 300-word intro to IOTA. Meanwhile, elsewhere …
And James Altucher claims to know who Satoshi Nakamoto is, and that he reads Satoshi’s blog daily. Huge if true.
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.
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 …
The SEC’s action against Munchee is particularly noteworthy for how generic the dodgy ICO in question is.
All the stuff I didn’t have time to post in the past few days, plus the fallout from the stuff I did have time to post.