Ether huffers continue to persist in their delusion they can build a "DAO", nearly four years after it was revealed the platform is irreparably broken. The developers behind "MakerDAO" are still scrambling to minimize the SFYL after "network congestion" caused prices updates to lag and so permitted enterprising individuals to swipe over $4 million USD in ETH from users participating in the scheme (archived). Continue reading
As strong downward movement hits US markets, fiat/Bitcoin interfaces have reported substantial gains for the USD versus Bitcoin. The USD has risen to less than 5000 USD for one Bitcoin if they are to believed. Notably, this movement follows Mircea Popescu's determination that a Most Serene Republic can not actually be constructed.
With the young TMSR OS project beginning to take shape, quite a few "developer teams" and "communities" are finding themselves depreciated. From MUSL's legacy developers disqualifying themselves over hieroglyph fixations to the rEFInd developer's silent satisfaction leaving him out, an increasing amount of code is finding itself liberated from herd driven debasement. Continue reading
The losses that started with Asian markets opening continued as European and North American markets opened leading to "circuit breaker" trading halts as stock indexes fell faster than fiat market operators could deign to tolerate (archived). Italian markets have been hit particularly hard as the novel coronavirus has managed to thrive there leading to the quarantine of 15 regions. In the past 20 years, only the reopening of the NYSE in the aftermath of 9/11 and October 23rd, 2008 rival the S&P 500 ETF's opening losses today. Sorry for your loss.
Yu Chen Sun (WoT:nonperson), former Ripple “Chief Representative” in China and student of “failure education” based Hupan University, faced an attempted rape of his recently purchased Steem pre-mine on Sunday (archived, archived, archived, archived).
He executed in cooperation with the Poloniex, Binance, and Huobi exchanges Monday a counter-rape using the Steem staked on those exchanges and regained control of his altcoin's network (archived).
Steem, created by Daniel Larimer (WoT:nonperson) in 2016, was last raped that same year. Although Sun can now change the “decentralized” altcoin seemingly at will, he has announced no plans that would prevent future rapes.
Bitstamp has annouced the addition of novelty segwit only Bech32 addresses to their platform (archived). Segwit involves cleaving the ever important transaction signatures from inclusion in Bitcoin blocks through a set of rules precariously enforced at the convenience of miners. With the signatures cleaved, transactions opting for the lower segwit security standard feature a space saving "spend by anyone" script when added to the Bitcoin blockchain. Continue reading
US stock prices took a hit today with the three major indexes all falling more than three percent (archived). The Dow Jones Industrial Average had shown some small gains for the year until markets opened today. The day's 3.56 percent drop takes its performance down to -2.2 percent for 2020. Mainstream reports are crediting coronavirus panic for the loss, but US stock prices have been climbing rapidly the past few months as the Federal Reserve undertook a quiet campaign of "Quantitive Easing", buying questionable debts and printing new dollars.
Larry Dean Harmon of Ohio has been charged with three counts operating a Bitcoin mixer service that partnered with the late "Darknet Market" Alphabay. Alphabay's alleged operator Alexandre Cazes was found dead, hung in a Thai Jail cell back in 2017. The USG is begging for forfeiture of two pieces of Ohio real estate and a third property in Colorado upon conviction for the first two counts of "Conspiracy To Launder Monetary Instruments" and "Operating an Unlicensed Money Transmitting Business". The indictment is reproduced in full below: Continue reading