Category Archives: News

Tim Swanson Misunderstands Reality Again

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Today Tim Swanson (WOT:nonperson) published yet another piece illustrating his fundamental misunderstanding of markets and the world writ large. In this latest piece Swanson supposes that a "Kimberly Process" might be possible for cryptocurrencies. 1 The Kimberly Process is a sort of anti-money laundering process applied to the market for gem diamonds. Through the Kimberly Process "bad guys" can't sell potential gem diamonds2 to "good guys" and the scheme appears to work for this purpose so long as no one cares to observe all the ways it doesn't.

The actual thing it does work for is slowing the flow of gem diamonds to the jewelry market avoiding the corn grower's problem and increasing the price of individual diamonds and profit margins for the De Beers family of Companies.3

Swanson's argument depends upon Bitcoin being some broken thing like gem diamonds when instead there's an actual market. Sorry for your laws.

  1. Swanson of course uses the term plural, this manner supposes a class of many cryptocurrency of which Bitcoin is but one member. To the contrary cryptocurrency is Bitcoin.  ↩

  2. As opposed to industrial diamonds which are an actual commodity.  ↩

  3. The De Beers cartel ended up falling from prominence around the time the Kimberly Process went into effect anyway because other people caught onto the part where gem capable diamonds aren't as common as De Beers cultivated illusions of their being.  ↩

Google CEO Social Media Account Hacked

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Hacking group OurMine, the group responsible for breaking into Mark Zuckerberg's Twitter account has claimed another victim. Google CEO Sundar Pichai had his account on Quora taken over by the hackers on Sunday, who then used the account to auto post a tweet saying "We are just testing your security". The messages and tweets were removed by Monday morning, and no statement from Google or Mr. Pichai was available. OurMine has said it will continue to hack the accounts of tech executives and celebrities, and made good on their promise by also hacking the bit.ly account of Amazon CTO Werner Vogels. OurMine claims to have made $18,400 selling it's web and social-media account security services.

US Polling: Third Party Candidate Takes From Rodham-Clinton

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Presidential polling in the United States shows that when Libertarian party candidate Gary Johnson (WOT:unknown/undisclosed) is included in polls he takes voters almost entirely from major socialist party candidate Hilary Rodham-Clinton's (WOT:nonperson) percentages from polls in exclude him (archived). As the Libertarian nominee Johnson and his running mate, fellow two term Governor William Weld (WOT:unknown/undisclosed) will appear on the ballot in the only poll that matters.

Tim Draper (WOT:nonperson) Still Loves Theranos, Picked Up An Ether Habit

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Tim Draper (WOT:nonperson) the Silicon Valley figure who tried to legitimize the United States Government's theft by bidding in their auctions, apparently still loves Theranos. Theranos is notable for the quality of USG stooge it managed to con into investing further after Draper supplied CEO Elizabeth Holmes's (WOT:nonperson) firm its initial capital. Draper insists "Consumers still love" a company they likely never interacted with as it never made it to more than 40 of Walgreen's 8177 stores before Walgreens abandoned Theranos. It is uncertain whether Draper's expressions of feeling on this matter are genuine or instead reflect fear arising from the realization he lost a lot of Henry Kissenger's (WOT:nonperson) money.

In addition to continuing to love a firm which took his capital and later lost Henry Kissenger's money, Draper has taken to huffing ether. This revelation is notable for making public that Draper is at least one conveyance used by the criminal gang in Washinton, DC to refresh Buterin's waterfall. Sorry for your loss, and sorry Tim for calling your loss a loss.

The Bloods Are Red, The Creeps Are Blue…

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Orlando Wall HoleThe terrorist wing of the unrecognized "Government of the United States" (a criminal organisation based principally in North America and the Middle East, supporting itself through financial fraud, the opium trade and assorted racketeering) bombed and machine gunned a club in Orlando early on the morning of June 12th, 2016, which acts of pointless bravery resulted in five or six dozen dead.

In typical nigger fashion, the assailants then purported to pass responsibility onto third parties, with the soi-dissant "Orlando Police Chief" (an Orlando-area vagrant / part time party clown known as John Mina) declaring that any deaths caused by police fire as they battled Omar Mateen inside the Pulse nightclub should be blamed on Mateen and not on the responding officers. To quote, Continue reading →

Brexit Voting Begins

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Residents of Airstrip One are taking to the polls today to determine whether their morbidly ample asses will leave the European Union. Such a move by British voters would strengthen the current German and Ottoman dominance over setting policy for the United States of Europe. Back in 2014 Scotland tried to divorce itself from the Ingoc values imposed by lower Britain, but that ballot initiative failed forcing the Scots to be passive aggressive online. Much of the pro "Brexit" appeal is focused on limiting the influx of immigrants enabled by European open borders arrangements as they are taking jobs from the fatter and less capable Brits.