{"id":1566,"date":"2017-10-20T19:39:32","date_gmt":"2017-10-20T19:39:32","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=1566"},"modified":"2018-04-25T18:18:52","modified_gmt":"2018-04-25T18:18:52","slug":"news-google-vs-web-miners-who-runs-a-blockchain-market-manipulation-ineffable-bitcoin-tezos","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2017\/10\/20\/news-google-vs-web-miners-who-runs-a-blockchain-market-manipulation-ineffable-bitcoin-tezos\/","title":{"rendered":"News: Google vs web miners, who runs a blockchain, market manipulation, ineffable Bitcoin, Tezos"},"content":{"rendered":"<ul>\n<li>Statist bankster shills at Google try to impede the unstoppable march of cryptocurrency by <a href=\"https:\/\/www.bleepingcomputer.com\/news\/google\/google-chrome-may-add-a-permission-to-stop-in-browser-cryptocurrency-miners\/\">blocking JavaScript-based miners in Chrome<\/a>.\n<\/ul>\n<ul>\n<li>Tim Swanson: In the legal sense, <a href=\"http:\/\/www.ofnumbers.com\/2017\/10\/19\/who-are-the-administrators-of-blockchains\/\">who are the administrators of blockchains?<\/a> Per FinCEN, &#8220;An administrator is a person engaged as a business in issuing (putting into circulation) a virtual currency, and who has the authority to redeem (to withdraw from circulation) such virtual currency.&#8221; See also the <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2017\/10\/06\/bitcoin-gold-a-new-bitcoin-full-history-fork-on-the-gpu-bitcoin-core-claims-bitcoin-and-btc-names\/#comments\">discussion<\/a> between Ciaran Murray and me in the comments of the Bitcoin Gold post &mdash; it&#8217;s a vexed question, particularly one of how likely any given regulator is to pursue this theory; which will in part be a function of just how annoyed they are at the time.\n<\/ul>\n<ul>\n<li>&#8220;The markets for these other cryptocurrencies are <a href=\"http:\/\/voxeu.org\/article\/price-manipulation-bitcoin-ecosystem\">very thin and subject to manipulation<\/a>. Given that we now know the Bitcoin price has been artificially inflated by unauthorised trades in the past, we must view the present rise with great caution, and not necessarily consider it a \u2018healthy bubble\u2019, as recently claimed in The Economist (2017).&#8221;\n<\/ul>\n<ul>\n<li>Apparently you <a href=\"https:\/\/hackernoon.com\/why-you-cant-define-bitcoin-bb12197d5bd0\">can&#8217;t define Bitcoin<\/a>, but it still constitutes &#8220;<b>an existential threat<\/b>&#8221; to &#8220;the fossil class&#8221;, the latter being defined with a link to a YouTube video promoting an ICO. What the claim actually means is that there is no possible definition of Bitcoin that supports all the delusions of its most hyperbolic advocates. &#8220;Tech people are THE perfect Bitcoin marks as they generally have huge egos and are ignorant of politics and history (i.e. the nature of money and banking)&#8221; \u2014 <a href=\"https:\/\/twitter.com\/harris4491\/status\/921387125270081536\">Richard Harris<\/a>. The aggressive ahistoricality of bitcoiners is the source of most of the <a href=\"https:\/\/www.reddit.com\/r\/Buttcoin\/\">comedy gold<\/a> to be mined in the &#8220;space.&#8221;\n<\/ul>\n<ul>\n<li>The book is still just <a href=\"https:\/\/www.amazon.ca\/dp\/B073CPP581\/\">C$3.20 on Kindle Canada<\/a>! Tell everyone you know in Canada! The paperback is super-nice too!\n<\/ul>\n<ul>\n<li>I mentioned in <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/the-conspiracist-gold-bug-economics-of-bitcoin\/\">the book<\/a>: &#8220;Mullins was also famous for his anti-Semitism; every time Mullins said &#8216;banker&#8217; he meant &#8216;Jew,&#8217; but this mostly isn\u2019t consciously the case amongst Bitcoiners, who only occasionally rant about Zionists.&#8221; Here&#8217;s some big blockers <a href=\"https:\/\/www.reddit.com\/r\/btc\/comments\/77hb3y\/are_people_like_greg_maxwell_evil\/dolxjwl\/\">getting back into<\/a> that sort of thing (<a href=\"https:\/\/archive.fo\/acpsF\">archive<\/a>).\n<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2017\/10\/20\/news-google-vs-web-miners-who-runs-a-blockchain-market-manipulation-ineffable-bitcoin-tezos\/kathleen-breitman-tezos\/\" rel=\"attachment wp-att-1569\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2017\/10\/kathleen-breitman-tezos.jpg\" alt=\"\" width=\"640\" height=\"480\" class=\"aligncenter size-full wp-image-1569\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2017\/10\/kathleen-breitman-tezos.jpg 640w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2017\/10\/kathleen-breitman-tezos-300x225.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n<p><center><a href=\"https:\/\/www.reuters.com\/article\/us-bitcoin-funding-tezos-specialreport\/special-report-backroom-battle-imperils-230-million-cryptocurrency-venture-idUSKBN1CN35K\">That face when<\/a> you realise Tim Draper isn&#8217;t buying the &#8220;tote bags&#8221; line<\/center><\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2017\/10\/20\/news-google-vs-web-miners-who-runs-a-blockchain-market-manipulation-ineffable-bitcoin-tezos\/tim-draper-cult-leader-tweet\/\" rel=\"attachment wp-att-1568\"><img decoding=\"async\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2017\/10\/tim-draper-cult-leader-tweet.jpg\" alt=\"\" width=\"80%\" class=\"aligncenter size-full wp-image-1568\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2017\/10\/tim-draper-cult-leader-tweet.jpg 1024w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2017\/10\/tim-draper-cult-leader-tweet-300x185.jpg 300w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2017\/10\/tim-draper-cult-leader-tweet-768x474.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p><center>Tweets that aren&#8217;t aging so well, $1.5m of tote bags later<\/center><\/p>\n<p>&nbsp;<\/p>\n<p><center><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Feds tracked down an Alphabay heroin dealer through his PGP key. (This was pre-takedown.) Encryption is not anonymity! <a href=\"https:\/\/t.co\/HVv5oMFr8o\">pic.twitter.com\/HVv5oMFr8o<\/a><\/p>\n<p>&mdash; Russell Brandom (@russellbrandom) <a href=\"https:\/\/twitter.com\/russellbrandom\/status\/921106088866603009?ref_src=twsrc%5Etfw\">October 19, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<\/center><\/p>\n<p><center><a href=\"https:\/\/reddragdiva.tumblr.com\/post\/153086365728\/today-i-have-been-writing-up-ross-ulbricht-and-the\">mycrimes.pgp<\/a><\/center><\/p>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>That face when Tim Draper doesn&#8217;t buy the line that he spent $1.5 million on &#8220;tote bags.&#8221;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[176,21,172,102,175,6,173,174,171],"class_list":["post-1566","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-alphabay","tag-bitcoin","tag-eustace-mullins","tag-google","tag-kathleen-breitman","tag-links","tag-tezos","tag-tim-draper","tag-tim-swanson"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/1566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=1566"}],"version-history":[{"count":13,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/1566\/revisions"}],"predecessor-version":[{"id":1582,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/1566\/revisions\/1582"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=1566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=1566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=1566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}