Attack of the 50 Foot Blockchain
Blockchain and cryptocurrency news and analysis by David Gerard
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.
Now that big blocks are dead, the Lightning Network (postulated) just had another layer added.
Expect more Bitcoin price rises soon, because SO MANY Tethers are being pumped into the system.
And blockchain use in the Catalan independence referendum.