{"id":4617,"date":"2018-01-31T19:54:34","date_gmt":"2018-01-31T19:54:34","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=4617"},"modified":"2018-01-31T20:08:41","modified_gmt":"2018-01-31T20:08:41","slug":"news-sec-getting-annoyed-kodakcoin-ico-doesnt-launch-samsung-mining-chips-crypto-and-your-security-clearance-an-incompetent-ponzi","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2018\/01\/31\/news-sec-getting-annoyed-kodakcoin-ico-doesnt-launch-samsung-mining-chips-crypto-and-your-security-clearance-an-incompetent-ponzi\/","title":{"rendered":"News: SEC getting annoyed, KodakCoin ICO doesn&#8217;t launch, Samsung mining chips, crypto and your security clearance, an incompetent Ponzi"},"content":{"rendered":"<ul>\n<li>\u201cWhen an ordinary person loses 10, 15, 25 grand, that makes a material difference in their lives and that\u2019s bad,\u201d says Jay Clayton, the head of the SEC, looking at cryptos and preparing his collection of <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-01-31\/signaling-crackdown-sec-boss-emerges-as-crypto-skeptic-in-chief\">sledgehammers, falling pianos and tons of bricks.<\/a><\/ul>\n<ul>\n<li>Kevin Roose at the New York Times <a href=\"https:\/\/mobile.nytimes.com\/2018\/01\/30\/technology\/kodak-blockchain-bitcoin.html\">rips the KodakCoin ICO to shreds,<\/a> and includes a comically meaningless diagram from the white paper. Matt Levine from Bloomberg <a href=\"https:\/\/www.bloomberg.com\/view\/articles\/2018-01-31\/there-s-not-much-coin-to-kodakcoin\">quotes select portions<\/a> with commentary. No, nobody who entered their email address has received their &#8220;Lite Paper&#8221; as yet. The ICO won&#8217;t happen for &#8220;several weeks&#8221; while the company <a href=\"https:\/\/archive.is\/y5k6v\">sorts through<\/a> the 40,000 &#8220;potential investors expressing an interest in the ICO,&#8221; which presumably means &#8220;people who asked for the lite paper.&#8221;<\/ul>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2018\/01\/31\/news-sec-getting-annoyed-kodakcoin-ico-doesnt-launch-samsung-mining-chips-crypto-and-your-security-clearance-an-incompetent-ponzi\/kodakcoin-diagram\/\" rel=\"attachment wp-att-4618\"><img decoding=\"async\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/01\/kodakcoin-diagram.jpg\" alt=\"\" width=\"80%\" class=\"aligncenter size-full wp-image-4618\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/01\/kodakcoin-diagram.jpg 909w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/01\/kodakcoin-diagram-300x202.jpg 300w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2018\/01\/kodakcoin-diagram-768x517.jpg 768w\" sizes=\"(max-width: 909px) 100vw, 909px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>Samsung is <a href=\"http:\/\/www.thebell.co.kr\/free\/content\/ArticleView.asp?key=201801290100056740003492\">manufacturing Bitcoin mining ASICs<\/a> (<a href=\"https:\/\/translate.google.com\/translate?sl=auto&#038;tl=en&#038;js=y&#038;prev=_t&#038;hl=en&#038;ie=UTF-8&#038;u=http%3A%2F%2Fwww.thebell.co.kr%2Ffree%2Fcontent%2FArticleView.asp%3Fkey%3D201801290100056740003492&#038;edit-text=\">translation<\/a>) for an unspecified Chinese miner.<\/ul>\n<ul>\n<li>If you have a US security clearance, <a href=\"https:\/\/news.clearancejobs.com\/2018\/01\/29\/can-bitcoin-cost-clearance\/\">you need to disclose any crypto dealings<\/a> &mdash; it counts as holding foreign currency.<\/ul>\n<ul>\n<li>Tor-to-Web proxy onion.top was caught <a href=\"https:\/\/www.bleepingcomputer.com\/news\/security\/tor-to-web-proxy-caught-replacing-bitcoin-addresses-on-ransomware-payment-sites\/\">replacing Bitcoin addresses with its own address<\/a> &mdash; but only on ransomware payment sites.<\/ul>\n<ul>\n<li>Ethereum was invented to serve as an immutable public ledger of simple yet costly programming errors. Yet another &#8220;joke&#8221; Ponzi scheme coin is fully up to <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/ethereum-smart-contracts-in-practice\/\">industry standard programming ability<\/a> &mdash; a simple bug has <a href=\"https:\/\/powhcoin.com\/shadowfork.html\">locked up all the ether<\/a>, about $1 million worth. Testnet, what&#8217;s that? YOLOOOO! And people are <a href=\"https:\/\/etherscan.io\/address\/0x9f4fd6c336388f2ab7dc7bbe4740ae7b88b880d7 \">still sending them money!<\/a><\/ul>\n<ul>\n<li><a href=\"http:\/\/canibuyagpuyet.xyz\/\">Can I Buy A GPU Yet?.xyz<\/a><\/ul>\n<ul>\n<li>An accountant with experience of both cryptocurrency and auditing <a href=\"https:\/\/hackernoon.com\/why-tethers-latest-statement-about-its-auditor-is-complete-bs-42f41e9ade9d\">calls BS<\/a> on Bitfinex\/Tether&#8217;s statement about its breakup with its auditors.<\/ul>\n<ul>\n<li>A Tether first: <a href=\"https:\/\/twitter.com\/Bitfinexed\/status\/958722551999598592\">30 million tokens destroyed!<\/a><\/ul>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>https:\/\/twitter.com\/Bitfinexed\/status\/958722551999598592<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>If you&#8217;ve bought the <a href=\"https:\/\/play.google.com\/store\/books\/details\/David_Gerard_Attack_of_the_50_Foot_Blockchain?id=L7hEDwAAQBAJ\">Google Play Books PDF<\/a> of <i>Attack of the 50 Foot Blockchain<\/i> &mdash; if you read it in the browser, does the &#8220;Download PDF&#8221; option work for you? Go to <a href=\"https:\/\/play.google.com\/books\">this page,<\/a> select &#8220;My Books&#8221; at left, you should see it there &mdash; please click on the three vertical dots, see if downloading works for you and let me know.<\/ul>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">this is the buttcoin we deserve <a href=\"https:\/\/t.co\/oe3J0E5wKk\">https:\/\/t.co\/oe3J0E5wKk<\/a> <a href=\"https:\/\/t.co\/YR376PfWk5\">pic.twitter.com\/YR376PfWk5<\/a><\/p>\n<p>&mdash; Buttcoin (@ButtCoin) <a href=\"https:\/\/twitter.com\/ButtCoin\/status\/958617849592995840?ref_src=twsrc%5Etfw\">January 31, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This is just to say<br \/>I&#39;d forgotten<br \/>the plums<br \/>that were in<br \/>me<\/p>\n<p>and which<br \/>you were probably<br \/>saving<br \/>for breakfast<\/p>\n<p>Forgive me<br \/>I was mining<br \/>Bitcoin<br \/>They&#39;re warm now<\/p>\n<p>\/Your internet-connected intelligent fridge<\/p>\n<p>&mdash; Micro SF\/F stories (@MicroSFF) <a href=\"https:\/\/twitter.com\/MicroSFF\/status\/936933919995330560?ref_src=twsrc%5Etfw\">December 2, 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>Ethereum was invented to serve as an immutable public ledger of simple yet costly programming errors.<\/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":[331,371,6,448,446,33,39,447],"class_list":["post-4617","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-google-play","tag-kodakcoin","tag-links","tag-powhcoin","tag-samsung","tag-sec","tag-tether","tag-tor"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/4617","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=4617"}],"version-history":[{"count":33,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/4617\/revisions"}],"predecessor-version":[{"id":4652,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/4617\/revisions\/4652"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=4617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=4617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=4617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}