{"id":3138,"date":"2017-12-16T22:14:29","date_gmt":"2017-12-16T22:14:29","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=3138"},"modified":"2017-12-17T00:32:04","modified_gmt":"2017-12-17T00:32:04","slug":"news-bitfinex-warrant-canary-disappears-hyperledger-loses-members-kik-vs-cryptokitties","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2017\/12\/16\/news-bitfinex-warrant-canary-disappears-hyperledger-loses-members-kik-vs-cryptokitties\/","title":{"rendered":"News: Bitfinex warrant canary disappears, Hyperledger loses members, Kik vs CryptoKitties"},"content":{"rendered":"<ul>\n<li>Bitfinex employee Chris Ellis has been <a href=\"https:\/\/twitter.com\/MrChrisEllis\">tweeting<\/a> every day for months. He had a <a href=\"https:\/\/en.wikipedia.org\/wiki\/Warrant_canary\">warrant canary<\/a> in his <a href=\"https:\/\/web.archive.org\/web\/20171025020836\/https:\/\/twitter.com\/MrChrisEllis\">Twitter biography<\/a>, apparently an <a href=\"https:\/\/twitter.com\/sovereignmonkey\/status\/802317349227405312\">NDA canary<\/a> (<a href=\"https:\/\/web.archive.org\/web\/20171215194412\/https:\/twitter.com\/sovereignmonkey\/status\/802317349227405312\">archive<\/a>) \u2014 to say that there was nothing he wanted to discuss to the public but couldn&#8217;t because of a non-disclosure agreement. He&#8217;s stopped tweeting, and <a href=\"https:\/\/twitter.com\/Bitfinexed\/status\/941694580956811264\">the warrant canary has disappeared<\/a>. When asked about it, Chris <a href=\"https:\/\/mobile.twitter.com\/AMuse1512\/status\/941730856053374978\">talked about other stuff<\/a>. I&#8217;m sure it&#8217;s all fine.<\/ul>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/MrChrisEllis?ref_src=twsrc%5Etfw\">@MrChrisEllis<\/a> Take the job. But first put in place some kind of alert canary in case of NDA turning out to be a problem. Congratulations!<\/p>\n<p>&mdash; WeAreSat\u03d5shi (@sovereignmonkey) <a href=\"https:\/\/twitter.com\/sovereignmonkey\/status\/802317349227405312?ref_src=twsrc%5Etfw\">November 26, 2016<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Also, another 100 million Tethers have been created, in <a href=\"https:\/\/twitter.com\/tetherprinter\/status\/941994447360757760\">two<\/a> <a href=\"https:\/\/twitter.com\/tetherprinter\/status\/941996345279225857\">batches<\/a>. I&#8217;m sure it&#8217;s all fine, fine.<\/ul>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bitfinex printed more USDTs in 16 hours than xbt futs (institutions) traded in volume for the entire week. That should give you some scope on what&#39;s going on. Wall St. is up against crypto printing presses.<\/p>\n<p>&mdash; Silver Watchdog (@Silver_Watchdog) <a href=\"https:\/\/twitter.com\/Silver_Watchdog\/status\/942101565564895232?ref_src=twsrc%5Etfw\">December 16, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Companies who aren&#8217;t IBM are <a href=\"https:\/\/uk.reuters.com\/article\/us-blockchain-consortium\/blockchain-consortium-hyperledger-loses-members-funding-documents-idUKKBN1E92O4\">not so keen on Hyperledger any more<\/a>, &#8220;according to slides titled &#8216;member attrition&#8217; from a board meeting presentation held on Friday.&#8221; Note the important point: &#8220;Despite the excitement, blockchain is not yet used to run any large scale projects.&#8221;<\/ul>\n<ul>\n<li>CryptoKitties has shown Ethereum to be less than reliable as a public utility, and even Kik considers it <a href=\"http:\/\/business.financialpost.com\/technology\/blockchain\/kik-presses-paws-on-cryptocurrency-launch-blames-blockchain-cat-craze\">not up to snuff<\/a> for their <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2017\/08\/30\/kiks-ico-for-a-completely-centralised-cryptocurrency-in-a-desperation-move-at-the-venture-capital-drying-up\/\">centralised &#8220;cryptocurrency.&#8221;<\/a> They plan to use Stellar instead, <a href=\"https:\/\/www.coindesk.com\/goodbye-ethereum-kik-plans-move-ico-tokens-stellar\/\">probably<\/a>.<\/ul>\n<ul>\n<li>The first thing to do when someone has a successful blockchain project is to copy it. So bring on the <a href=\"https:\/\/www.coinspeaker.com\/2017\/12\/16\/cryptokitties-popularity-creates-new-fad-crypto-collectables-get-lined\/\">CryptoKitties clones!<\/a> The standard is <a href=\"https:\/\/github.com\/ethereum\/EIPs\/issues\/721\">ERC-721: Non-Fungible Token Standard<\/a> \u2014 how to manage virtual objects that are part of one contract but aren&#8217;t interchangeable.<\/ul>\n<ul>\n<li>If you have a cryptocurrency stash you can&#8217;t cash out, <a href=\"http:\/\/blog.archive.org\/2017\/11\/16\/wondering-what-to-do-with-your-cryptocurrency-windfall-donations-accepted-here\/\">send it to the Internet Archive<\/a>. They&#8217;re presently set up for Bitcoin, Bitcoin Cash and Zcash. You can also send bitcoins to <a href=\"https:\/\/wikimediafoundation.org\/wiki\/Ways_to_Give#bitcoin\">Wikimedia<\/a> and <a href=\"https:\/\/donate.mozilla.org\/en-GB\/give-bitcoin\/\">Mozilla<\/a>.<\/ul>\n<ul>\n<li>A report on trying to buy something with bitcoins on Coinbase: <a class=\"title may-blank loggedin \" tabindex=\"1\" href=\"https:\/\/www.reddit.com\/r\/Buttcoin\/comments\/7k7x5x\/decided_to_spend_some_old_bitcoin_12_hours_0\/\" rel=\"\" data-event-action=\"title\" data-href-url=\"\/r\/Buttcoin\/comments\/7k7x5x\/decided_to_spend_some_old_bitcoin_12_hours_0\/\" data-inbound-url=\"\/r\/Buttcoin\/comments\/7k7x5x\/decided_to_spend_some_old_bitcoin_12_hours_0\/?utm_content=title&amp;utm_medium=hot&amp;utm_source=reddit&amp;utm_name=Buttcoin\">Decided to spend some old bitcoin. 12 hours 0 confirms. Transaction expired. Coins still on their way<\/a>.<\/ul>\n<ul>\n<li>I like Matt Levine&#8217;s summary of Bitcoin from late November: <a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2017-11-30\/bitcoin-frenzy-and-trendy-computers\">Bitcoin is finance, distilled.<\/a> &#8220;There are no fundamentals, no cash flows or price-earnings ratios, to evaluate. It is pure speculation about speculation, a <a href=\"https:\/\/en.wikipedia.org\/wiki\/Keynesian_beauty_contest\" target=\"_blank\" rel=\"nofollow noopener\" data-web-url=\"https:\/\/en.wikipedia.org\/wiki\/Keynesian_beauty_contest\">Keynesian beauty contest<\/a> where all the pictures are blank.&#8221; Bitcoin&#8217;s greatest legacy will be as an example for later textbooks.<\/ul>\n<ul>\n<li>Simply put, Bitcoin is dream gold, <a href=\"http:\/\/www.thedailymash.co.uk\/news\/business\/a-guide-to-bitcoin-the-amazing-investment-based-on-dream-gold-invented-by-a-wizard-20171208140575\">extracted from a fantasy numbers mine<\/a> that can somehow be exchanged for actual money. It\u2019s incredibly straightforward.<\/ul>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/davidgerard?ref_src=twsrc%5Etfw\">@davidgerard<\/a> apparently my mailman was interested in the secrets of attack of the 50 foot blockchain. <a href=\"https:\/\/t.co\/pF5BHxw2vD\">pic.twitter.com\/pF5BHxw2vD<\/a><\/p>\n<p>&mdash; Krisslona Sykurwyn (@krisslona) <a href=\"https:\/\/twitter.com\/krisslona\/status\/941813854232645632?ref_src=twsrc%5Etfw\">December 15, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/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>\u201cBitcoin is finance, distilled &#8230; 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.\u201d<\/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":[38,309,297,64,30,6,39],"class_list":["post-3138","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-bitfinex","tag-chris-ellis","tag-cryptokitties","tag-hyperledger","tag-kik","tag-links","tag-tether"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/3138","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=3138"}],"version-history":[{"count":15,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/3138\/revisions"}],"predecessor-version":[{"id":3155,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/3138\/revisions\/3155"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=3138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=3138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=3138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}