An interesting side effect of the recent Bitcoin price crash as reported by exchanges has been the drop in hashrate which has created a glimpse into the future of Bitcoin. A future where transaction fees serve their intended purpose as both an antispam measure and valuable component of the miner reward. Continue reading
Category Archives: News
The Crypto-Mises Podcast Second Episode Is Now Available
Daniel Krawisz and Michael Goldstein of the Satoshi Nakamoto Institute have released the second episode of their podcast titled The Crypto-Mises Podcast. Episode two discusses why the desire for monetary stability is based on economic fallacies.
The second episode is available to stream via YouTube, an MP3 download and iTunes. Future episodes are soon to come with yet to be announced special guests.
Pierre Omidyar also started a Qntra back in October. His failed.
We find via Conde Nast's1 Wired that something something Racket something something soft launch something something closed. Their glee is hardly concealed, but it will be short lived. Everyone in your school failing the same exam you marginally passed once does not really mean all that much ; there's other schools out there. The better parts : Continue reading
Also owners of Reddit, and generally a stronghold of all that is evil in the world. Check out The Awl's recent leak of their upcoming three-rule-binder for office drones to get an idea. Golden bits in there like
Please. WIRED is no longer a pirate ship. It's the home of world-changing journalism.
and
And it's increasingly a place where we, and our New York colleagues and owners, host artists, founders, CEOs, and advertisers.
Obama's "close down the world, mulatto in chief's coming for a visit" is slowly but surely trickling down through the entire stack of utterly corrupt, government-sponsored, government-backed, QE-fed leeches and aparatchicks. It's arrived to the point where Conde Nast is actually kicking out the last remaining workhorses in the stables to make room for Barnum. ↩
BitPay Lays Off 9 Employees Today
According to social media postings and sources familiar with BitPay the company has laid off 9 employees today. These layoffs come not long after BitPay has finished spending on the first of three Bitcoin Bowls they have committed to sponsor in an obligation that runs through December 2016. Continue reading
BitStamp Resumes Operations
Today wounded Bitcoin exchange Bitstamp resumed operations and moved to moved infrastructure into San Francisco. In a letter posted on the exchanges's website CEO Nejc Kodrič describes the new Bitstamp is build in a way that seems a bit contradictory: Continue reading
Judge Forrest Rules Uncharged "Murder Plot" Can be Presented at Trial
As predicted the prosecution in the Silk Road case will be able to present the uncharged murder for hire plot to impeach Ross Ulbricht's character at trial next week.
Remittance Company Xoom Loses Corporate Cash To Fraud
Xoom's Chief Financial has resigned amid news that $30.8 million in corporate money had been transfered overseas. Xoom's primary business is allowing individuals in the United States to send money to people outside of the country.
This case continues to highlight the extreme vulnerability too fraud faced by companies handling United States Dollars. This company whose entire business was foreign money transmission lost when facing the inherent structural deficiencies of the fiat banking and money transfer system. It seems unlikely that the fiat monetary system can survive its backbone of insecurity.
BitStamp Wallet Now Officially "Hacked"
A total of 18,867.62695929 BTC were moved from BitStamp's hot wallet to a wallet that is outside of their control. A statement attributed to Nejc Kodrič appears on Coindesk which differs from the one available on Bitstamp's own site. The Statement attributed to Nejc Kodrič on CoinDesk: Continue reading
20,000 In Britain Investigated For Online Comments
The Independent reports that more than 20,000 people in Britain have been investigated by Law enforcement for comments they have made online in a story about a law enforcement investigation of a tabloid columnist for an online comment. Continue reading
ESPN Sold Their Bitcoins
The New York Post reports that ESPN Events, the operator of the Bitcoin Bowl, sold their $500,000 rights payment delivered in Bitcoin by BitPay immediately upon receipt. Further the two competing schools accepted their appearance fee in dollars. BitPay is still under contract to sponsor this bowl game for two more years giving ESPN two more chances and various schools four more chances to hold the Bitcoin BitPay offers. Continue reading