{"id":501,"date":"2017-09-02T17:50:33","date_gmt":"2017-09-02T17:50:33","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=501"},"modified":"2017-09-18T09:59:08","modified_gmt":"2017-09-18T09:59:08","slug":"news-what-estcoin-is-for-the-bear-case-for-crypto-mining-security-bitfinex-audits-nicehash-drops-amd","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2017\/09\/02\/news-what-estcoin-is-for-the-bear-case-for-crypto-mining-security-bitfinex-audits-nicehash-drops-amd\/","title":{"rendered":"News: What Estcoin is for, the bear case for crypto, mining security, Bitfinex audits, NiceHash drops AMD."},"content":{"rendered":"<ul>\n<li>Izabella Kaminska <a href=\"https:\/\/www.ft.com\/content\/32233b44-8ca1-11e7-a352-e46f43c5825d\">makes financial sense of Estcoin<\/a>, the <a href=\"https:\/\/medium.com\/e-residency-blog\/estonia-could-offer-estcoins-to-e-residents-a3a5a5d3c894\">vague proposal<\/a> (<a href=\"http:\/\/kaarmann.com\/the-future-of-money-is-in-the-ether\/\">this<\/a> appears to be the genesis) for an Estonian national cryptocurrency put forward by Kaspar Korjus, who manages Estonia&#8217;s e-residency programme. Remember that &#8220;digital nomad&#8221; is an individualistic-sounding euphemism for &#8220;the offshore financial system,&#8221; and the Estcoin proposal looks like a way for Estonia to try some regulatory arbitrage while not <i>technically<\/i> violating EU or Eurozone rules. &#8220;A country could benefit greatly from straddling both the regulated and light-touch worlds \u2014 principally by facilitating easy access from one to the other.&#8221;\n<p><\/p>\n<li>Preston J. Byrne: <a href=\"https:\/\/prestonbyrne.com\/2017\/09\/01\/the-bear-case-for-crypto\/\">The bear case for crypto<\/a>. Byrne thinks the regulators are going to deal with the ICO sector sooner rather than later. Includes historical examples of the sort of thing that provokes SEC dawn raids.\n<p><\/p>\n<li>Whoops: <a href=\"https:\/\/www.bleepingcomputer.com\/news\/security\/nearly-3-000-bitcoin-miners-exposed-online-via-telnet-ports-without-passwords\/\">Nearly 3,000 Bitcoin Miners Exposed Online via Telnet Ports, Without Passwords<\/a>. 2,983 ZeusMiner Thunder X3 miners, apparently part of the same pool. It turns out factory defaults can be important.\n<p><\/p>\n<li>BitCrypto&#8217;ed discusses <a href=\"https:\/\/medium.com\/@bitfinexed\/why-wont-bitfinex-tether-publish-already-existing-audit-reports-as-they-promise-future-bitfinex-51d26d14d226\">Bitfinex\/Tether&#8217;s missing audit reports<\/a> and past attempts to burn the evidence. I ran into a lot of suddenly-deleted Bitfinex-related stuff working on <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/book\/\">the book<\/a>. (In the ebook, look for references that link only an archive copy, not the deleted original.)\n<p><b>EDIT:<\/b> Bitcoin will top $5,000 soon! Because <a href=\"http:\/\/omnichest.info\/lookuptx.aspx?txid=44613540307e23fac0ab1105c057416a62d839f2a87b441ccd23a09f94780539\">20M Tethers just popped into existence<\/a>, and this is always followed by a pump.<\/p>\n<p><\/p>\n<li>&#8220;I just bought 16 Radeons I am gonna get sooo rich mining altcoins &#8230; <a href=\"https:\/\/www.reddit.com\/r\/NiceHash\/comments\/6w2bk0\/just_updated_nicehash_from_200x_to_2010_and_now\/dm56gp3\/\">oh<\/a>.&#8221;\n<p>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2017\/09\/nicehash-v2-detected-amd-devices.png\" alt=\"\" width=\"391\" height=\"254\" class=\"aligncenter size-full wp-image-612\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2017\/09\/nicehash-v2-detected-amd-devices.png 391w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2017\/09\/nicehash-v2-detected-amd-devices-300x195.png 300w\" sizes=\"auto, (max-width: 391px) 100vw, 391px\" \/><\/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>Short bits from the past few days.<\/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":[38,28,29,6,40,36,39,37],"class_list":["post-501","post","type-post","status-publish","format-standard","hentry","category-uncategorised","tag-bitfinex","tag-estcoin","tag-izabella-kaminska","tag-links","tag-nicehash","tag-preston-byrne","tag-tether","tag-zeusminer"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/501","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=501"}],"version-history":[{"count":13,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/501\/revisions"}],"predecessor-version":[{"id":1023,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/501\/revisions\/1023"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}