Category Archives: Shitware

Tim Swanson Misunderstands Reality Again

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Today Tim Swanson (WOT:nonperson) published yet another piece illustrating his fundamental misunderstanding of markets and the world writ large. In this latest piece Swanson supposes that a "Kimberly Process" might be possible for cryptocurrencies. 1 The Kimberly Process is a sort of anti-money laundering process applied to the market for gem diamonds. Through the Kimberly Process "bad guys" can't sell potential gem diamonds2 to "good guys" and the scheme appears to work for this purpose so long as no one cares to observe all the ways it doesn't.

The actual thing it does work for is slowing the flow of gem diamonds to the jewelry market avoiding the corn grower's problem and increasing the price of individual diamonds and profit margins for the De Beers family of Companies.3

Swanson's argument depends upon Bitcoin being some broken thing like gem diamonds when instead there's an actual market. Sorry for your laws.

  1. Swanson of course uses the term plural, this manner supposes a class of many cryptocurrency of which Bitcoin is but one member. To the contrary cryptocurrency is Bitcoin.  ↩

  2. As opposed to industrial diamonds which are an actual commodity.  ↩

  3. The De Beers cartel ended up falling from prominence around the time the Kimberly Process went into effect anyway because other people caught onto the part where gem capable diamonds aren't as common as De Beers cultivated illusions of their being.  ↩

Google CEO Social Media Account Hacked

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Hacking group OurMine, the group responsible for breaking into Mark Zuckerberg's Twitter account has claimed another victim. Google CEO Sundar Pichai had his account on Quora taken over by the hackers on Sunday, who then used the account to auto post a tweet saying "We are just testing your security". The messages and tweets were removed by Monday morning, and no statement from Google or Mr. Pichai was available. OurMine has said it will continue to hack the accounts of tech executives and celebrities, and made good on their promise by also hacking the bit.ly account of Amazon CTO Werner Vogels. OurMine claims to have made $18,400 selling it's web and social-media account security services.

Tim Draper (WOT:nonperson) Still Loves Theranos, Picked Up An Ether Habit

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Tim Draper (WOT:nonperson) the Silicon Valley figure who tried to legitimize the United States Government's theft by bidding in their auctions, apparently still loves Theranos. Theranos is notable for the quality of USG stooge it managed to con into investing further after Draper supplied CEO Elizabeth Holmes's (WOT:nonperson) firm its initial capital. Draper insists "Consumers still love" a company they likely never interacted with as it never made it to more than 40 of Walgreen's 8177 stores before Walgreens abandoned Theranos. It is uncertain whether Draper's expressions of feeling on this matter are genuine or instead reflect fear arising from the realization he lost a lot of Henry Kissenger's (WOT:nonperson) money.

In addition to continuing to love a firm which took his capital and later lost Henry Kissenger's money, Draper has taken to huffing ether. This revelation is notable for making public that Draper is at least one conveyance used by the criminal gang in Washinton, DC to refresh Buterin's waterfall. Sorry for your loss, and sorry Tim for calling your loss a loss.

Garza, Stuart Fraser of Cantor Fitzgerald, and GAW Face Class Action Suit In US Court

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A group of investors hoping to actually recover funds from dead pyramid scheme GAW Miners and its officers filed a class-action lawsuit against the group in a US court. This is the second lawsuit to be filed against Homero J. Garza (WOT:nonperson), Stuart Fraser of Cantor Fitzgerald (WOT:nonperson), and the company originally known as Great Awk Wireless. The first indictment against Homero and GAW was issued on Qntra in October of 2014 following speculation on other venues associated with The Most Serene Republic back in August of 2014 Anno Domini. Blog comment defender of GAW and Garza "DirtFighter" (WOT:nonperson) was unreachable for comment while CryptoCoinNews, NewsBTC, CoinDesk, Bitcoinist, and other operations supposing they were Bitcoin news outlets at the time while either enabling or outright supporting the GAW scam were not solicited for comment.1

  1. Un-WoT'd nonpersons the lot of them.  ↩

Hoaxtoshi Update: Journalist Swindled Into Writing A #Longread

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The Hoaxtoshi Craig Steven Wright (WOT:nonperson) having broken a promise to offer cryptographic proof of Satoshi just unveiled his latest attempt to con people into believing revealed. The Hoaxtoshi collaborated with Andrew O'Hagan (WOT:nonperson), an alleged journalist, into having a #longread produced where over 35,000 words O'Hagan demonstrates the ways in which intimately spending six months with a con artist tends to lead to being conned. The Hoaxtoshi has yet to offer cryptographic proof of Satoshi. Instead it appears he will continue sweet talking isolated people into believing. This modus operandi is the same as when that younger man convinced your Grandma to trade six months of not being alone for everything. Accept no substitute.

Gotomypc.com Goes To Other Peoples PC's Too!

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In the wake of the teamviewer breach another remote desktop service, gotomypc.com has reportedly been hacked. An advisory posted to their website this morning stated:

Unfortunately, the GoToMYPC service has been targeted by a very sophisticated password attack. To protect you, the security team recommended that we reset all customer passwords immediately.

No further important details were shared, such as the number of accounts affected nor the extent of the intrusion. An "Update" published by the team around Noon EDT simply stated "We sincerely apologize for the inconvenience and frustration this issue may be causing." This article will update if a further statement is released by gotomypc.com.

In Piece About Journalists Getting Definitions Wrong WaPo Gets Definition Wrong

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A piece in the Washington Post's online magazine Slate attempted to take other propaganda organs to task in an effort to unify their message as they exploit Orlando to advance their socialism. Unfortunately they got a definition wrong. The error:

An assault weapon is a semi-automatic gun that can accept detachable magazines and has a pistol grip and foldable stock (to increase the gun’s length).

A firearm with those qualities is actually properly referred to as a Modern Sporting Rifle per the National Shooting Sports Foundation. In propaganda land the civilian legal semiautomatic long guns are ominously referred to as assault weapons, a label that properly refers to battlefield instruments including seige engines and trebuchets. Meanwhile the fully automatic and selective fire inspirations for these modern sporting files get to hold the comparatively respectable title of assault rifle. Apparently if the criminal gang in Washington, DC gets to wield the firearm, it gets dignified as a rifle, but sporting instruments available to civilians get demeaned as mere weapons. Peace in our time.

Acquihired Changetip Can't Unload Actual Changetip "Business"

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CoinDesk would like you to know that their sibling under a shared corporate parent, ChangeCoin is still reporting trouble selling the micro transaction framework ChangeTip since its sale to Airbnb back in April. (archived) Changetip/Changecoin raised almost ~4 million US dollars in it's first round of investor funding before their lack of a sustainable revenue model became an issue. Qntra has previously reported on the woes facing failed spam service back in April. As part of their money in, nothing out philosophy they raised an additional $640,00 in January 2016 after announcing they had run out of funds before the sale.

When Qntra reported on Changetip's phasing in of withdrawal fees back in December 2015 Changetip's Victoria van Eyk (WOT:nonperson) offered the following in the comments:

Please stop this kind of hate. We're not a spamming service. In fact, people use our service for good all the time – just ask any of the 20 charities we support via our platform, or any of the bloggers and musicians who have been delighted at receiving donations for their content.

I'm sorry if you've experienced spam.

The 1% withdrawal fee has always been in the plan, and has simply been prolonged for over a year now. But of course you don't focus on the awesomeness of having used a free service, you choose to focus on the fact that we're only implementing it now.
And yes, transactions cost money to hit the blockchain. Usually anything of value costs value in return.

We didn't "employ a(n) /r/Bitcoin moderator in an effort to avoid complete shunning" – that is just simply inaccurate. We employed BashCo because he was a ChangeTip supporter from the very early days, and we like compensating people for their time, energy and effort.

From my personal point of view, it's sad to see such negative posts like this. The whole community seems to want bitcoin to succeed, but they lambast and throw insults at any company working hard to do it. It's a real shame.

The Bitcoin community had a huge opportunity to help shape ChangeTip into something beautiful to use to help bitcoin adoption forward, and largely has allowed negativity to consume this possibility.

-Victoria1

  1. The lack of a GPG signature or WoT presence makes this statement's authorship not definitively verifiable though information suggests it was actually her statement, this is a challenge for those attempting to do business as WoTless nonpersons.  ↩