Buttfinex is gearing up to stuff as much SFYL into their USD "Tether" platform as possible according to a recent post on their blog. The company states that they are "excited to announce the forthcoming launch of Tether USD tokens as an ERC20 token on the Ethereum network" and will be "working with the TREZOR development community to complete the integration for Tether USD" on the trezor hardware wallet, giving the device something else to phone home about. The post went on to address concerns regarding the company's solvency, balking at releasing the full range of audits as they "were not in a form suitable for public consumption". Information for the Taiwan-based auditing firm TOPSUN CPAs & Co. listed in the post, which they claimed handled the audits, could not be found. (archived)
Category Archives: Fiat/BTC interfaces
Bitcoin Network Mining Difficulty Up ~3.9% To New All Time High
The mining difficulty on the Bitcoin network has risen ~3.9 percent to 922724699725.96276855 from 888171856257.32055664 for a new all time high. This is ever so slightly above the previous all time high of 923233068448.90527344 set in the first difficulty adjustment following the schism of a Roger Ver-ified altcoin away from the Blockchain. The continued efforts propping up the Roger Ver-ified chain is proving to be a very expensive proposition for the involved fiat interests.
September Begins With Still Deepening Fiat Malaise
As September begins fiat/Bitcoin interfaces continue reporting all time lows for the United States dollar with values floating around 1/4800th to 1/4900th of a Bitcoin.
Bitcoin Network Mining Difficulty Drops ~3.8 Percent To Second Place Versus All Time High
At the latest Bitcoin network mining difficulty adjustment, difficulty fell approximately 3.8 percent from the all time high of 923233068448.90527344 to a new second highest all time value of 888171856257.32055664 today. Aside from typical variance, the possibility of some hashpower inflicting woe upon a certain altcoin and heroically repatriating BTC value may have contributed to this small drop in difficulty.
Barry Silbert Picks Block 494784 For Altcoin Exodus From Bitcoin
Barry Silbert's altcoin forking effort, which is just as marginal and fringe as Roger Ver's,1 has selected block 494,784 for their exodus from Bitcoin. The new altcoin has pledged of support from the 50 plus sybils of Barry Silbert's "Digital Currency Group".
We are Barry Silbert for your loss.
Google, Godaddy, And CoinBase Go Political – Kill Accounts For Conservative Action And Advocacy
Hot on the heels of the Daily Stormer's domain name being hijacked by Google, fans of the DS who donated bitcoin to its owner Andrew Anglin via Coinbase are reporting their Coinbase accounts have now been terminated. In response to the bans, some users are unwittingly blaming Bitcoin itself, saying:
…So much for anonymous currency.
It's clear that many in the alt-right deride bitcoin and do so to their own detriment. These are the same people who call for violence but quickly retract such statements and cry when confronted by the first sign of it, claiming they are about solutions while continuing to ignore Bitcoin for the most part.
Dollar Malaise Continues, Now Under 1/4000th Of A Bitcoin
The malaise afflicting the dollar and other national fiat currencies continues with the United States dollar falling under 1/4000th of a Bitcoin. Further drops are likely as panic selling begins. This decline appears to be terminal. Sorry for your loss.
Buttfunex Quits United States Denying Its People Butt Fun Exchanges
Buttfunex announced in a blog post today that "effective immediately, we will no longer be accepting verification requests for U.S. individuals", and would discontinue all services to existing U.S. customers over the next 90 days. The news follows a decision by Buttfunex earlier this week to suspend trading of "Digital Asset Tokens" or ICO funbux "Pursuant to the recent report of investigation issued by the U.S. Securities and Exchange Commission". (archived)
Bitcoin Network Mining Diffficulty Up ~7.32% To Another All Time High In First Adjustment After Roger Ver-ified Fork
Mining difficulty on the Bitcoin network has increased from 860221984436.22229004 to 923233068448.90527344 for an increase of approximately 7.32 percent to a new all time high. In this adjustment period a hard forked altcoin separated from the Bitcoin network to zero meaningfully apparent impact on Bitcoin mining, a 7-ish percent increase of mining difficulty to a new all time high is a very typical . Meanwhile, the altcoin is wrestling with its own precarious difficulty situation.
Silbert's November Hardfork Plan Faces Newly Wary Derps, Thanks Roger Ver
With Roger Ver's hard fork now solidly mired in the early stages of altcoin woes, attention has turned to Barry Silbert's (WoT:nonperson) proposed hard fork away from Bitcoin and musings on whether Silbert and his allies will jump to the same fate. Firms associated with Barry's fiatist "Digital Currency Group" create an impression of widespread "business" support Ver's initiative lacked, but Silbert's social engineering coup is still no less a fringe effort promoted by a minor player in the Bitcoin economy.
The the much beleaguered Coindesk, social engineering workhorse of Silbert's collection,1 appears to have a few lonely months ahead working the social engineering grind.
The Bitcoin Foundation, stewards of the reference Bitcoin implementation, have rightly refused to acknowledge Silbert's attack on Bitcoin as anything else. Meanwhile the power rangers developing the popular "Bitcoin Core" fork of the reference implementation are trying to minimize the disturbance SilbertCoin will afflict their users with, and in spite of the woe's of Vercoin, a certain kind of derp dressed as developer is likely to continue burning their time on that forked altcoin.
We are Barry Silbert for your loss.
This is distinct from actual news media. ↩