A new report by Dr. Garrick Hileman and Danqing Ying of the London School of Economics reveals some interesting and noteworthy facts and figures about the state of the fiat-facing Bitcoin economy – that Tacoma Narrows bridge of finance that exists largely in the minds of government regulators and social media "experts" – from which, some highlights: Continue reading
Category Archives: News
Illinois and Pennsylvania Credit Ratings Lowered
Reports have emerged today that the United States regional governments of Illinois (archived) and Pennsylvania (archived) have had their credit ratings lowered joining the embattled municipality of Ferguson as the creditworthiness of the United States and its parts continue sliding due to the structural insolvency of the fiat currency experiment. Illinois was downgraded by Fitch Ratings while Pennsylvania was downgraded by Moody's. Illinois already lead the United States with the lowest credit rating of any State government, and is embroiled in a budgetary dispute between new Governor Bruce Rauner and the legislature run by the opposing political party. The financial situation in Illinois has degraded to the point the self funding state lottery can no longer pay out winning tickets about $600 with ongoing labor unrest including a teacher's strike in East Saint Louis threatening to destabilize some of Illinois most volatile areas. Pennsylvania by contrast was downgraded due to ongoing structural deficits and underfunded pension obligations.
Former GAW Supporters Promote Perpetual Energy Scam
BadBitCoin.org, a self declared "scam fighter" and erstwhile attempt at a Bitcoin Better Business Bureau, defended the GAW miners scam well past its point of collapse. Now the operators of that site have taken to shilling for a new take on the classic perpetual motion/free energy scam on their twitter account.
78 Months in Prison for Carl Mark Force IV
In today's sentencing Carl Mark Force IV received a bit of leniency over the 87 months imprisonment recommended by the prosecution. The judge simply flipped the digits relieving him with a sentence of only 78 months.
Well Connected Bezzle "Health" Startup Theranos Collapsing
Theranos, a health startup which features a board comprised of two former US Secretary of State, Numerous former US Defense Officials, a former Senator, and a former Wells Fargo CEO is facing accusations of their signature blood testing service was never accurate to a useful degree and they have withdrawn all but one product from the market (achived). Theranos was at one point reportedly valued at up to 10 Billion dollars, or a little more than a half of Whatsapp at the time of its acquision by Facebook. This suggest that even well entrenched fiat luminaries like Henry Kissenger and former Senate Majority Leader Bill Frist, MD are beyond saving fiat startups they involve themselves with from excessive hype and insufficient competence.
Carl Mark Force IV To Be Sentenced Monday, Prosecutors Request 87 Months Imprisonment
Insubordinate United States Government Drug Enforcement Agent Carl Mark Force IV will be sentenced at a hearing on Monday. Reports are that Prosecutors are only requesting a sentence of 7 years and 3 months of imprisonment for Force IV who committed crimes against the United States Government as opposed to Ulbricht's life sentence for simply seeking the freedom to act outside of the United States Government. Force IV announced his intention to plea guilty back in June.
Troubled BitPay Signs up Gaming Platform
Reports (archived) are in that Kwun Tong, Hong Kong-based digital gaming marketplace G2A.com has begun accepting Bitcoin via troubled bitcoin-fiat payment processor BitPay. Continue reading
Uber Provides Alibi for Armed Robbery
The advent of unmarked "sharing economy" taxi cabs is providing a new alibi for getaway drivers and accomplices of armed robberies, reports confirm (archived). Continue reading
AP: Hillary Clinton Horrible Sysadmin, Had RDP Open
According to the Associated Press, Hillary Clinton's private email server ran with ports for the Remote Desktop Protocol and other unsecured services open to the public internet (archived). Hillary's sysadmin qualifications had been questioned before when she chose Microsoft Exchange as an email server and when she requested over email a book on the subject of deleting email. It is becoming clear that Hillary Clinton is grossly under qualified to operate technology at an infrastructure level.
Trouble Hits Purse.io Customers
Reports have been popping up on various social media forums claiming that funds held on behalf of users had been disappearing from the retail intermediary operation Purse.io beginning this weekend. In a blog post (archived) Purse.io reports account password reset emails were triggered in an unauthorized fashion, though they denied missing user funds until a recent update. Purse.io insists users of two factor authentication methods they support were unaffected, though there are reports on various forums disputing this as well as the scale of the theft.