With the declining fortunes of his social media noise hole Twitter and his electronic fiat payments application Square being reflected in their stock price, Jack Dorsey is no longer a Billionaire according to his paper holdings. Sorry for your loss.
Category Archives: Altcoins
Fiat Feeling Pain Below The Corn Belt
A movement is building in the Middle West to compel the United States Government to raise the amount of debt that qualifies for restructuring under Chapter 12 "family farm" bankruptcy terms (archived). This push comes amid widespread fear from agricultural lenders concerned that the present limits would push many of the year's anticipated farm bankruptcies into either Chapter 7 liquidation or a far more expensive Chapter 11 reorganization, alternatives which would make their receiving eventual repayment far less likely. Depressed prices for corn and other staple agricultural products in the United States along with declining export sales are leading to grim prospects for 2016 on the farm. Sorry for your loss.
Desperate Ether Huffers Turn To Spam
Fiat Market Slide, fiat/Bitcoin Interfaces Follow In Friday Trading
First Mass Walmart Closure
Arkansas based retailer Walmart is closing 269 stores including 154 locations in the United States. The move is expected to result in a reduction of at least 11,000 10,000 jobs in the United States (archived). Walmart has never before engaged in a mass closing of stores in its home territory inside the United States. Of all the indicators pointing to a dire 2016 for fiat enterprises this might be the most dire so far.
NYTimes: Mike Hearn "Gave Up"
Gavin and Toomim Present: "Classic" – Another Hard Fork Risk
Another One Bites The Dust: Cryptsy Edition
The altcoin exchange known as Cryptsy finally went full Gox after more than a year of warnings. Reports then came in that the company moved out of their office without any notice to users. Yesterday divorce proceedings involving the exchange's proprietor, Paul Edward Vernon, were posted to Bitcointalk leading to speculation that the civil court has frozen all of the proprietor's assets including Cryptsy's cold wallet until divorce proceedings have finalized. Cryptsy has acted irresponsible in regards to its users, and has yet to make a public statement of any kind regarding its situation.
RBS Supports Qntra's Dire Predictions For Fiat In 2016
The Royal Bank of Scotland is reportedly advising client to sell everything because shit is going down (archived). This supports predictions made by Qntra that 2016 more than 2015 is going to be, and has so far been a very bad year for fiat interests. We are only 12 days into 2016. Sorry for your loss.
Earliest Possible Date For XTCoin Fork Passes
Today was the first possible date for XTCoin to fork away from the Bitcoin blockchain. It lacked the backing to do so in spite substantial social engineering attempts at great cost to various USG organs.