Brian Armstrong, CEO of the YCombinator incubated startup Coinbase has been vocal in supporting BIP-101. He claims Coinbase will begin using full nodes with BIP-101 code patched in sometime in December if no other proposal reaches "consensus". Theymos who moderates the Bitcoin subreddit and Bitcointalk, threatened to ban Coinbase representatives if they were to begin promoting software that implemented BIP-101 to the public before a consensus is reached.
Category Archives: Altcoins
Torrent Infrastructure Hindered as Demonii/YIFY/YTS Fall
Late in October the torrent outfit YIFY took down their website and mysteriously ceased operating. TorrentFreak is now reporting the operator of the outfit has reached an undisclosed settlement with the MPAA (archived). A substantial casualty of this settlement is Demonii, the largest public torrent tracker which had been operated by persons affiliated with YIFY. The unprecedented settlement is suggestive of the possibility that the entire YIFY operation may have been a false flag for its entire duration. Readers using torrent software are advised to block connections to the Demonii tracker as it may be used as a data collection tool by the MPAA and other Copyrast operations.
Fiat/Bitcoin Interfaces Experience Week of Extreme Price Volatility
Bull Farmer Killed in Shootout While Protecting Life
Jack Yantis of Council, Idaho was killed by sheriff's deputies while defending one of his bulls from execution by those same sheriffs. The bull had been mauled earlier by a Subaru station wagon. The injured, disoriented, and likely concussed bull sought the attention of emergency responders who instead focused their efforts on the protected occupants of the Subaru which had attacked him. In Idaho livestock including bulls have the right of way on all roadways inside the state, and the Subaru occupants under the law had liability for the cost of treating the bull's injuries. By the time Yantis arrived to tend to his wounded bull, sheriff's deputies had made the decision to kill it for their convenience. The Associated Press reports that the official story from the Idaho State Police is that Yantis and both deputies all discharged their weapons even though Yantis was the only person struck down by gunfire (archived). No information has yet been made public on the value derived from the bull's use as a stud nor on the market value of the bull. Mr. Yantis was murdered in the defense of his property and his livelihood.
Ohio Ballot Measure Seeks Creation of Protected Monopoly
A ballot measure being voted on today in Ohio would legalize marijuana while explicitly restricting permitted production to a cartel of 10 farmers. Another measure on the ballot today in Ohio would prohibit the use of ballot initiatives to create protected cartels.
US DoD Extracts Guilty Pleas From Mom and Pop Competitors
The US Navy operating under the larger umbrella of the United States Department of Defense managed to extract guilty pleas from a husband and wife accused of marketing heroin on a United States warship (archived). The couple's marketing of heroin of course makes them competitors to the organized heroin operations occurring in the United States Department of Defense whose activity has lead to heroin overtaking many other drugs of abuse over the course of the United State's adventure in Afghanistan (archived).
Billion Dollar Blimp Victim of Police Shooting
The Associated Press reports that once its rampage ended in its descent to the ground the Billion Dollar Blimp was fired upon by Pennsylvania State Police officers armed with shotguns until its complete deflation (archived). The Associated Press report also includes a minimum damage estimate of 2,000,000 United States dollars.
Illinois Universities Follow State in Credit Rating Freefall
Six Illinois public universities has their credit rating lowered by Moody’s Investors Service following in the footsteps of the Illinois state government. Southern Illinois Univesity and Northern Illinois University were lowered to Baa1 matching the state government, Northeastern Illinois University was downgraded to Baa2, and three more universities1 were downgraded to Baa3 status (archived). The budget standoff in Illinois continues with lottery winnings continuing to be rationed and labor unrest including the East Saint Louis teacher's strike is ongoing. There are no publicly facing indications that Illinois Governor Bruce Rauner and the legislature are anywhere near resolving the Illinois budget situation.
Western Illinois University, Eastern Illinois University, and Governor's State University ↩
Judge Orders Dotcom Begin Extradition Defense Monday
Judge Nevin Dawson has issued a ruling that he would refuse to hear the full arguments behind Kim Dotcom's application to have his extradition hearing stopped (archived). As a result his defense is compelled to begin presenting Dotcom's defense against the United States Government's extradition desires presented through the Crown Prosecutor on Monday.
Billion Dollar Blimp Brings Destruction
In the United States a Billion Dollar NORAD JLENS Blimp has broken free from its moorings and is leaving havoc and destruction as it roams. The JLENS mission is declared to be missile detection and defense, though the declared capabilities make it capable of abusive ground level surveillance. The wild blimp is dragging 6,700 feet of cable behind it shorting out power lines and leaving a pronounced trail on the earth underneath it.