Category Archives: Bitcoin

The MIT Administration Infiltrates Bitcoin Projects

Posted on by

The assorted fiat pretenders claiming to be the MIT Administration have set up systems aiming to control discussions on campus regarding Bitcoin. After appointing Brian Forde, a known USG agent, (archived) to be the leader of an alleged "Digital Currency Initiative" the institution has done nothing but actively attack the Bitcoin project from a position of ignorance. MIT has long standing relationships with many of the powerful groups in the fiat currency empire, and it stands to reason that these same groups that provide funding to MIT are likely to have massive incentives to see the Bitcoin project crippled. Continue reading →

Bitcoin Foundation Co-Chairs Issue Statement On Signatures In Blockchain

Posted on by

Bitcoin Foundation co-chairs ben_vulpes and mod6 today posted signed statements affirming that the Bitcoin blockchain as an immutable cryptographic record and the foundation's commitment to continue maintaining a reference Bitcoin client. They make a specify point of emphasizing that actual Bitcoin clients can verify the entire blockchain including transaction signatures during initial sync. The emphasis on verifying transaction signatures in the blockchain comes as a few troublemakers have proposed a "soft" fork which would replace transaction signatures in blocks with links to the signatures which would be held in a separate data structure off of the blockchain. The controversial fork proposal received a swift condemnation from MPEx proprietor Mircea Popescu. While Popescu's condemnation received some degree of social media attention it has so far been ignored by most news outlets in favor of Hoaxtoshi.

The complete statements with GPG signatures are available below: Continue reading →

Gizmodo And Wired End Week Waffling On #Hoaxtoshi

Posted on by

Last week on Tuesday Gizmodo and Wired speculated to much derision a new candidate to correspond in meatspace to the ephemeral Bitcoin creator Satoshi Nakamoto. Both outlets ended the week by each publishing their own pieces resembling admissions of doubt about their initial reports in varying degrees. Wired came closer to doing the right thing by admitting (archived) they were in all likelihood attention scammed by Hoaxtoshi. Gizmodo on the other hand, lacking in humility and journalistic sobriety, in their piece work to salvage the narrative they presented with an appeal to mystery (archived). Continue reading →

Generally Upward Price Volatility At fiat/Bitcoin Interfaces Continues

Posted on by

After the reported exchange rate offered on fiat/Bitcoin spiked last month, they have spiked again this past week hitting approximately 450 United States dollars per Bitcoin. Following last months spike prices have settled in to a band between 300 and 400 United States dollars before climbing again to this latest apex. Earlier in 2015 Bitcoin as reported by fiat/Bitcoin interfaces had been holding in a boring and steady band between 200 and 300 United States dollars for nearly the entire year. Increased buying pressure is leading some exchanges to criminally reckless coping mechanisms as their thin order book sell sides are exposed. Continued caution in dealing with all fiat/Bitcoin interfaces is advised as noise about particular exchanges being "Big" is no reliable indicator of their safety.

After XT Failure Gavin Andresen Supports Jim Crow For Signatures On The Blockchain

Posted on by

After a low key conference this past weekend in Hong Kong, hype has been building for a proposal its proponents call "segregated witness," which amounts to Jim Crow style prejudice against cryptographic signatures on the blockchain. The system could cleave transactions into a new data structure that maintains transaction outputs in proper blocks but relegates signatures essential for verifying transaction into a lesser disposable structure known as a "witness" that does not get committed to the blockchain. Pieter Wuille originally presented the idea as a potential soft fork candidate, but now CIA collaborator Gavin Andresen of XTCoin ignominy is calling for the scheme to be implemented immediately as a hard fork. Continue reading →

Hoaxtoshi Has History Of Business Bad Blood

Posted on by

The saga of Hoaxtoshi heats up as Craig Steven Wright, the man who want to be known as Satoshi and whose home was raided, is being reported in the financial press as a huckster with a history of bad business deals and adverse judgements in court (archived). Hoaxtoshi was alleged to correspond to the identity of the historical Satoshi Nakamoto by writers from Wired and Gawker Media. These writers by all appearances followed a collection of evidence most likely fabricated by the Hoaxtoshi Craig Steven Wright himself. Continue reading →

Craig Steven Wright Raided By Australian Police

Posted on by

Hours after Wired and Gizmodo reported on the same day that Craig Steven Wright is their best guess for a likely Satoshi Nakamoto, Australian Federal Police began reportedly began raiding residences and businesses associated with Wright (archived). Mainstream media are parroting police assertions that the raids are unconnected with the possibility Wright may be Nakamoto but instead related to Australian Taxation Office matters. Given the timing of the raid however it is exceedingly likely police, the tax office, and other agents of fiat when reading the recent speculation did as a point of fact become aroused on rumors of Satoshi's hoard. Continue reading →

Sound Money > Everything Else You Got

Posted on by

Find below notarized a copy1 of the sentencing memorandum filed with the SOPS on behalf of Shaun W. Bridges, yet another (recall DEA agent Carl Mark Force IV ?) USG agent that stole as much Bitcoin as he could the very second he could steal any Bitcoin whatsoever. Continue reading →

  1. With special thanks to asciilifeform! ↩