PBOC Coordinates Action Among Chinese fiat/Bitcoin Interfaces Again: Anti-Money Laundering Being Pushed

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The People's Bank of China has again coordinated with a number of Chinese fiat/Bitcoin interfaces to implement new regulatory requirements. This time anti-money laundering suggestions have lead to 30 day suspensions of Bitcoin withdrawals at Huboi and OKCoin while they explore their compliance. Withdrawals of legacy fiat currency and deposits remain available at these interfaces. Other measure being implemented across Chinese fiat/Bitcoin interfaces involve an end to zero fee trading.

The continued interest by the People's Republic's central bank towards Bitcoin this year along with the surprise emergence of Chinese monophone pool operators from nowhere with allegiance to ongoing network coup attempts demonstrates an increasing amount of statal aggression by China towards Bitcoin.

Socialist Seek To Replace Socialist Zuckerberg On Facebook Board For Insufficient Socialism

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A minority group of Facebook shareholders are organizing an effort to replace socialist Mark Zuckerberg (WOT:nonperson) as Chairman of the board at the firm. The coup organized by "consumer watchdog" SumOfUs claims that an "independent" chair would:

"oversee the executives of the company, improve corporate governance, and set a more accountable, pro-shareholder agenda."

SumOfUs describes itself as an organization:

"Fighting for people over profits"

Which raises the serious question of what they imagine a "pro-shareholder" agenda to be.

This goes to show that even a sworn friend of socialism like Mark Zuckerberg who presides over one of their favorite cesspools is in reality far less protected from the activists than those who deny the leftists their support, sympathy, and proximity. This coup seems unlikely to forcefully unseat Zuckerberg from the Facebook chairmanship unless he chooses to step down, but it highlights the fact that when dealing with leftists, you can not possibly pay your enemy enough to love you. So long as you have and they have not, you will always be their enemy.

Police One Forum Hacked In 2015, Users Notified Now

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Police One, a forum frequented by members of US Federal and State "Law Enforcement" agencies, confirmed today that 715,000 of member accounts have gone up for sale on the deep web after a breach that occurred in 2015. The database contains usernames, password hashed with every hacker's favorite md5, email addresses, dates of birth, and other miscellaneous data for the bargain sum of 0.4 BTC. Forum officials said they were notifying members of the hack so they could reset passwords, although this will do little to prevent dedicated attackers from future attacks.

Pence Casts Tie-Breaking Vote In Blow To US Socialist Extraction Machine

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After a 51-50 vote of the United States Senate Trump nominee and Amway heiress Betsy DeVos is now the United States Secretary of Education. Mike Pence cast the tie-breaking vote after lich Senator John McCain1 and Lindsey Graham defected from Trump's party. Money from unions purporting to represent "professionals" "working" in public education is a major source of funding for socialist politicians in the United States. Pence in our time.

  1. Notably in this past election, McCain was saved from a credible primary challenge by a late endorsement from Donald Trump.  ↩

Hussein Bahamas Era NOAA Implicated In Fraud Preceding Paris Talks

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Today revelations by a whistle blower within the US National Oceanographic and Atmospheric Administration demonstrated that a key paper produced by the agency under the Hussein Bahamas administration which served as "motivation" during recent negotiations in Paris was plagued by fraudulent manipulation of facts (archived). The bogeyman of "climate change" has been held up by socialists of all flavors as a scourge demanding statal control of energy production and expenditures as an only supposed remedy.

US Likely To Reimpose Tariffs On Canadian Softwood Lumber Soon

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As the Trump administration enters its third week, it appears the first substantive action by the Trump administration on trade may be looming.1 Loud whisperings are that overdue anti-dumping tariffs against Canadian softwood lumber are set to be restored.

The core of the dispute is over the fact that low administratively determined stumpage fees charged by the Canadian government for harvesting timber are a de facto subsidy for timber production. The arrangement leads to cushy long term land tenure arrangements where Canadian lumber producers get to enjoy cheap trees and multi generational harvests for a pittance. By contrast the right to harvest timber in the United States is sold at market determined prices.

Beyond the market impact tariffs would have, they would create a substantial point of leverage in a future effort to renegotiate NAFTA.

  1. Withdrawing from masturbatory talks about creating a treaty which isn't yet a treaty, is merely sanity. Not really substantive.  ↩

Bitcoin Mining Difficulty Climbs ~7.43% In Latest Adjustment – Yet Another All Time High

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The Bitcoin network mining difficulty has climbed to 422170566883.83685303 in an approximately 7.43% increase over the previous level. Two weeks ago, the last adjustment took the network mining difficulty up ~16.64% in move that represented a substantial purchases of computing equipment good at hashing double rounds of SHA256 and nothing else. As with most recent difficulty adjustments this is yet another all time high Bitcoin mining difficulty.

Death Cult Propagates Among Some Chinese Miners

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As mentioned in Shinohai's latest shitcoin Roundup, a few single language Chinese miners have taken to expressing an unjustified degree of loyalty to yet another doomed anti-Bitcoin forking effort. In the same week the fork effort's defective client unintentionally fell out of consensus due to its inherent slop, Andrew Quentson (WOT:nonperson) published a purported "cosmetically corrected" interview with Jiang Zhuoer (WOT:nonperson) where among other things Zhuoer confesses to "SPV mining" while asserting to have 100 million dollars1 committed to destroying any actual Bitcoin network which remains after splitting his favored altcoin from Bitcoin.

If Zhuoer's intent actually corresponds to what the words printed in English mean,2 it represents a paltry counter to the deterrent presented by Mircea Popescu and other lords of the Most Serene Republic, which has thus far damped off earlier social engineering attempts to fork Bitcoin into something else before they could root.

Continued imprudence among mining pool operators suggests that a solution to the mining bug3 in order to disabuse certain activist factions of their imagined participation in Bitcoin. Importantly, recent efforts by the People's Bank of China to bring sanity to their local fiat/Bitcoin interfaces does not preclude future statal attempts to attack Bitcoin via the mining vector from the People's Republic of China.  Sorry for your loss.

  1. A mere 10,000 Bitcoins today, less tomorrow ↩

  2. Such is the least of the curses handicapping the monophone single language speaker.  ↩

  3. Some solutions have been proposed to constrain the impact of the bug  ↩