Today the USG under the name of President Trump announced sanctions against an ICO offering advanced by the Maduro government in Venezuela. Expect substantial wank and declarations of "effectiveness" in the USG's combat against "trade" in this plainly toxic asset no one but the criminal ICO issuers wanted in the first place. Full text below: Continue reading
Category Archives: Altcoins
Months After Victory Declared In Mosul, Militants And Weapons Still Present
Months after the US backed Iraqi occupation authority declared "victory" in Mosul:
- ISIS/ISIL/Daesh militants continue to persist in the remains of the city.
- Bodies continue littering the streets (archived)
- Like Raqqa, where victory was also declared, the former city to the extent it still exists is as a collection of post-modern ruins (archived).
- Cleaning up the rubble requires navigating tons of ordinance that failed to detonate as intended (archived).
Whether qualify of life in the city with ISIS "removed" is higher than it was under caliphate rule remains an open question.
US SEC, Elizabeth Holmes, And Theranos Announce "Massive Fraud"Charges And Proposed Settlement Together
The United States Securities and Exchange Commision announced it was filing charges of "Massive Fraud" against Elizabeth Holmes and her Initial Coin Offering, Theranos Labs. Curiously the press release revelaing charges also announced that a settlement has already been agreed to (archived). Also curiously absent from mainstream pantsuit coverage of the charges is the scent of corruption allowing the well connected pantsuits to escape with this sweetheart settlement:
Theranos and Holmes have agreed to settle the fraud charges levied against them. Holmes agreed to pay a $500,000 penalty, be barred from serving as an officer or director of a public company for 10 years, return the remaining 18.9 million shares that she obtained during the fraud, and relinquish her voting control of Theranos by converting her super-majority Theranos Class B Common shares to Class A Common shares. Due to the company’s liquidation preference, if Theranos is acquired or is otherwise liquidated, Holmes would not profit from her ownership until – assuming redemption of certain warrants – over $750 million is returned to defrauded investors and other preferred shareholders. The settlements with Theranos and Holmes are subject to court approval. Theranos and Holmes neither admitted nor denied the allegations in the SEC’s complaint.
Ripple Versus R3 Holdco Spat Continues
Nearly four years after its disposal, RIPple Labs continues being encumbered in litgation. In its fight with R3 Holdco, prominent provider of sinecures for stooges, RIPple Labs lost the contest over which court has jurisdiction (archived).
US FBI And Canadian Mounties Kill Startup After Entrapment Campaign
The CEO of cellular phone hardware startup Phantom Secure was arrested following a joint entrapment campaign conducted by the US FBI and Canadian Mounties (archived). Phantom Secure specialized in reselling Blackberry phones that had been substantially improved through the removal of frivilous shit like cameras and microphones while loading the improved devices with a more mininalist operating system image.
Memcached DDoS Attacks Lead To Record Breaking Levels Of Wank
A recent wave of amplified DDoS attacks utilizing wrongly configured memcached servers has lead to unprecedented levels of wank among the self described "seekootity community" in recent days. The attacks work by sending spoofed UDP packets to the maliciously unsecured servers triggering the servers to respond by spewing data at the target destination.
The wank comes from an obvious solution which neuters the offending nuissance memcached installations. The memcached servers capable of being recruited into DDoS attacks are also vulnerable to being issued a "flush-all" command which will cause the server to register everything in its cache as expired. This denies an ongoing denial of service attack cached items to dump on a target (archived).
The wankers are naturally compelled to wank about the supposed ethics and inconveniences this obvious solution imposes on the dangerous idiots operating nuissance machines.
113 GigaWatt Hours Go Missing In Europe
The possibility of converting electrical current, wherever found, directly into coin appears to have added yet another fungible item to the list of socialist "people's properties" liable to get spontaneously "redistributed" by their "servant leader" caretakers — via the quite familiar, to inhabitants of the ex-soviet world, "complicated dance through which to steal the shebang while leaving behind the appearance, in the manner of termites".
Concretely: the European Union's "Continental European Power System", "a large synchronized area stretching from Spain to Turkey and from Poland to Netherlands; encompassing 25 countries", reported (archived) on March 6, 2018, a sudden energy deficit summing to 113 GWh (i.e. 3.6 terajoules):
The power deviations are originating from the control area called Serbia, Macedonia, Montenegro (SMM block) and specifically Kosovo and Serbia. The power deviations have led to a slight decrease in the electric frequency average. This average frequency deviation, that has never happened in any similar way in the CE Power system, must cease. The missing energy amounts currently to 113 GWh. The question of who will compensate for this loss has to be answered.
MtGox Coins Getting Dumped In Waterfall
A March 7, 2018 report (archived) by the MtGox liquidator to the Tokyo District Court
indicated that 35,841.00701 BTC and 34,008.00701 BCC — corresponding to some portion of the coins looted from the MtGox userbase in 2014 — have in recent months lavishly fed the waterfall, i.e. sold for fiat (42,988,044,343 JPY, ~= 405.4M USD at today's rate.)
Attendees Drugged At Brock Pierce Linked Event
At a New York conference nominally about "cryptos" attendees reported being drugged en mass after consuming ambiguously labeled items from the menu that were infused with cannabis extracts (archived). The adventurous caterer allegedly went beyond the traditional drug infused desert items and managed to drug menu items as varied as hot sauce, cocktails, and olives while a DJ was spinning "electronic dance music" throughout the event. This appears to have been a very Amir Taaki effort on the part of the event's organizers.
Italian Election Results Raise Possibility of #Italeave Coalition Government
Voters in Italy went big for anti European Union parties in the country's election over this past weekend. The 5 Star Movement won just under one third of the vote leaving it with a plurality of the parlimentary seats to be allocated. The traditional leftist pantsuit Democratic party managed less than 19 percent of the vote leaving it likely to be shut out of the upcoming effort to build a government. Two generally right wing parties by Italian standards Lega and Forza Italia won 17.7 and 13.9 percent of the vote. Make Italy, Great Again!