Category Archives: Bitcoin

BitBet Settlement Transaction Broadcast And Confirmed

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Today BitBet receiver David Francois signed and broadcast the transaction settling BitBet's outstanding affairs and the transaction was swiftly confirmed. The transaction

 a0f12a33413ec3a38e3ae931068febec133b083d72810fc586a8b1c5f0d7922a

was confirmed a block height 408158. Further the BitBet auction winner has received the concern's non-cash assets though they do not appear to have put them to active use at this time. The raw transaction is presented below in the native hex format and decoded: Continue reading →

"Soft" Fork Advocate Proposes Harder Type Of "Soft" Fork

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Peter Todd, a noted soft fork proponent and developer currently on contract with the venture at one point known as BTC China, has since January been bringing up the possibility of a new kind of "soft" fork as a potential step towards a hard fork. This new class of turd is being referred to as a "Forced Soft Fork" with the forcing element being that it would become impossible to spend coins from actual Bitcoin clients without signing on to the new, unwanted, steaming pile of shit. Thankfully an actual Bitcoin implementation maintained by Bitcoin purists1 is available.

  1. As opposed to people who like the extant adoption and value of Bitcoin, but want to gradually change everything about Bitcoin other than its name into something completely different.  ↩

Shapeshift.io Hacked

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On Reddit Shapeshift.io's Erik Voorhees announced that the cryptocoin exchange had been infiltrated by attackers and its infrastructure compromised. In the announcement Voorhees states that no customer funds were lost because they don't hold any, but it is uncertain if the service had an operating "hot wallet" to take. Given the severity of the breach the service has been taken offline and Voorhees insists that customer funds will be returned and Shapeshift will be rebuilt in a new environment before resuming service.

BitBet Auction Closes

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The auction to sell BitBet's non-cash assets has concluded with Znort987 offering the highest bid at 86 Bitcoin for the assets. The final hours of the auction saw a flurry of bidding activity that drove the final price nearly ten times higher than Saint Stanislav's 9 Bitcoins which was the high bid for much of the duration of the auction. Pete Dushenski was bidding actively before he ceded the contest of economic will to Znort987, and Dushenski further offered a statement on the matter after he surrendered the contest.

BitBet reciever David Francois stated to Qntra that he thinks the auction went pretty well. In his announcement of Znort987 as the auction winner Monsieur Francois stated that after payment is received he plans to publish settlement details within a few days and push the signed settlement payment to the Bitcoin network after the details have been available for public review.

MPEx Goes Private

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-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA512

Your dividend payment for S.MPOE in total sum of 25000000000000 to a notional float of 500000000 has been issued on April 5, 2016, 5:02 pm. Feel free to publish this receipt to your shareholders.
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v1

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uel/mxagXLsEUuStYPs7
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Today Mircea Popescu published MPEx's last statement as a public company and bought back publicly traded shares for the sum of 50,000 satoshis each. In the statement Mircea Popescu made it clear MPEx will continue to operate, list worthy companies, and generally remain committed to Bitcoin's success. Addressing fears that a regulatory intervention may have spurred the transition Popescu offered:

To assuage any possible concern : neither MPEx nor myself personally are currently embroiled in any sort of legal dispute with any sort of soi-dissant "regulator" in any jurisdiction. The notion that some fiat pretend-sovereign or other has anything to do with this measure is significantly less sensible than the notion that 17 Bitcoin and change is what caused the closure of Bitbet, as ridiculous as that notion may be. I have yet to meet the fiat government that's worth 17 Bitcoin and change.

The full statement is available on Trilema.

BitBet Receiver Issues 2nd Progress Report, Auction Closing April 6th

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David Francois acting as the receiver BitBet has issued his second progress report. Monsieur Francois has certified debts owed for bettor winnings, unresolved bets, zeroconf bets placed on propositions not processed by BitBet moderators, and his fee for undertaking the grim work of parting out BitBet. The current high bid for BitBet assets remains a signed 9 Bitcoin bid by Saint Stanislav. Monsieur Francois is closing the auction for BitBet's non-cash assets at the end of April 6th, 2016 or one hour after the highest bid has been bested by at least 1 Bitcoin, whichever comes later.

BitBet Reciever Opens Bidding For BitBet Assets

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BitBet Reciever David Francois has issued his first statement of progress in evaluating BitBet's assets and liabilities. As part of determining the value of BitBet's non-cash assets Monsieur Francois has opened bidding in the comment section of his progress report. The current high bid for the domain, software and other non-cash assets of a venture that routinely took and settled betting pools in the range of hundreds and thousands of Bitcoin is 9 Bitcoin.

Hearn Can't Quit Maxwell, Declares Maxwell Bitcoin's Leader

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Several hours ago on a heavily censored Y Combinator forum Mike Hearn declared that Gregory Maxwell is both the leader of Bitcoin and the source of all its problems:

Bitcoin's problem is not a lack of a leader, it's problem is that the leader is Gregory Maxwell at Blockstream and he's a terrible decision maker. Blockstream is the source of the refusal to bump the block size.

Indeed, the block size debate did not stalemate. It resulted in the small blockists winning, due to the much more aggressive tactics they used (e.g. hiring a bunch of developers then asserting they'd all quit forever if the block size were changed).

– Mike Hearn: Birth Unknown – January 15th 2015, He just couldn't Quit Greg Maxwell