Vessenes' Foundation director Bruce Fenton has proposed a voluntary code of conduct that would adopt a form of historical revisionism as its first principle (archived). Fenton proposes that everyone who wants to be involved in Bitcoin let go of the past, forgive, and ignore the fact that in the past year numerous parties hostile to Bitcoin have engaged in attacks attempting to subvert the Bitcoin network. Continue reading
Category Archives: Commentary
Qntra (S.QNTR) January 2016 Report
Concerns About United States Coal Industry Intensify
Peabody coal, the largest coal mining concern in the United States, faces concerns that it could follow its smaller competitors into bankruptcy (archived). Patriot Coal, Walter Energy, and Alpha Natural resources filed for bankruptcy last year while Arch Coal filed for bankruptcy on January 11th of this year. While oil has dominated the mainstream news cycle, the energy extraction industry as a whole is leading the fiat march to suffering. Continue reading
Netherlands Arrests 10 For Money
Police in the Netherlands arrested 10 men for moving their own money around, a phenomenon which is unfortunately still prosecuted as money laundering by the morally bankrupt (archived). Police allege the financial activities of these men are connected to other men who are actively involved in marketing drugs, the drug sellers remain "under investigation" instead of being arrested. According to "press" agents who were invited to accompany "law enforcement" agents the men were caught because they deposited money to their bank accounts and swiftly withdrew their money using ATMs. This is a peculiar fact to present as critical to the case as it presents as abnormal minimizing the amount of time cash stays in the bank, a sane course of action when the struggles of fiat institutions make bail ins, negative interest rates, and all kinds of other evils a danger for money left in the custody of a bank.
NYTimes: Mike Hearn "Gave Up"
US Stocks End Record Losing Week
Stock markets in the United States closed out their worst initial 5 day performance in history to open 2016 (archived). The Dow Jones Industrial average after going up 137 points to recover some losses from earlier in the week closed down 167. The collapsing price of US stocks follows China's extreme measures, oil struggling to stay above 30 United States dollars a barrel, and a year in which a 5% loss in value made lead the highest performing metal of the year. It appears the stock market Ponzi is beginning to deflate following bouts of pronounced pain last year, and further suggests diminishing actual economic activity in these fiat markets. For what it's worth the publicly reported prices of Bitcoin at various fiat/Bitcoin interfaces is up marginally this week over the end of 2015.
US Doctors To Move From Stitching To Snitching On President's Orders
Candidates In US Denounce Oregon Liberators
United States Presidential candidates are denouncing this weekend's liberation in Oregon by valiant militia forces (archived). Members of the United State's other socialist political party including Ted Cruz, Marco Rubio, John Kasich, and even Rand Paul expressed regret over the event. Continue reading
Bitcoin Foundation Address Recap
The Bitcoin Foundation opened the year with a State of Bitcoin Address sharing a few developments as the Foundation continues in its second year of work. The address is highlighted by the Foundation's impending move to tag their reference client version 0.5.4 with the release label. Other developments include: Continue reading