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.
Attack of the 50 Foot Blockchain
Blockchain and cryptocurrency news and analysis by David Gerard
And James Altucher claims to know who Satoshi Nakamoto is, and that he reads Satoshi’s blog daily. Huge if true.
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.
“Bitcoin is finance, distilled … There are no fundamentals, no cash flows or price-earnings ratios, to evaluate. It is pure speculation about speculation, a Keynesian beauty contest where all the pictures are blank.”
One billion Tethers! Each and every one backed by a redeemable US dollar, of course, as they state. 800 million of those being loaned out on Bitfinex for margin trading.
I was reluctant to compare Bitfinex’s public relations moves to Scientology in my Friday post, but today they are threatening to sue critics to shut them up. Rather than release material facts that would assuage concerns. Also, you can’t actually redeem Tethers.
Plus book news. There should be a cheap deal on Kindle India this month, but I can’t find it …
When you can’t pound on the facts, pound on the table. A PR initiative that will convince nobody who they need to convince.
Plus: the worst bootleg version I’ve ever seen of any book, and it was of mine.
Well, that was something to wake up to. The same hacker may have hit Bitstamp in 2015 as well.
And remember: Mark did nothing wrong.