Just like the seasoned freedom fighter who decapitates his victim without hesitation, so too does Bitcoin. Riding high upon the war horse that is its network, a bitcoin dismounts so that it may grab a fiat currency by the hair so as to tilt the victim's head back before slitting its throat. As the life blood of fiat begins to drain away, its issuers and supporters cannot believe nor accept what is happening to it. Continue reading
Assbot Gains Web of Trust Functionality
Recent downtime for nanotube's gribble bot on Freenode demonstrated a critical single point of failure in Bitcoin infrastructure. Today as a remedy to the problem Kakobrekla unveiled asswot functionality in assbot greatly increasing the robustness of the infrastructure Bitcoin business builds on top of. In an important improvement in the authentication model, all Web of Trust operations are now authenticated by decrypting one time passwords. The one time passwords expire within 15 minutes of being invoked, but assbot supports receiving decrypted passwords out of order.
Roger Ver and America's Emigration Dilemma
Last week Roger Ver revealed that the United States Embassy in Barbados has denied his requests for a visa to attend some Bitcoin related conferences in the United States. As reported by Ver his requests for a visa are denied because in the Embassy's determination he lacks sufficient connections to his new homeland of St Kitts and Nevis to prevent him from overstaying his visa and essentially immigrating back into the United States illegally. This incident highlights a number of ways in which the United States acts on the international stage not as a peer state with others, but as a rogue state. Continue reading
It's Easy To Call Us A Tiny Minority When You Engage In Vote Manipulation
As the drums of war thunder louder and louder, USGavin's effort to frame objection to the blocksize increase as coming from a tiny minority continues. But what must one do when evidence to the contrary begins to appear on outlets for your propaganda such as reddit's /r/bitcoin? What if this evidence clearly depicted that not only is there a debate to be had, but that this "tiny minority" is in fact anything but small. What would you do as it becomes increasingly apparent that it's going to be a struggle to continue to toe the "tiny minority" line unless action is taken? Continue reading
Transaction Fees and the Future of Bitcoin
An interesting side effect of the recent Bitcoin price crash as reported by exchanges has been the drop in hashrate which has created a glimpse into the future of Bitcoin. A future where transaction fees serve their intended purpose as both an antispam measure and valuable component of the miner reward. Continue reading
The Crypto-Mises Podcast Second Episode Is Now Available
Daniel Krawisz and Michael Goldstein of the Satoshi Nakamoto Institute have released the second episode of their podcast titled The Crypto-Mises Podcast. Episode two discusses why the desire for monetary stability is based on economic fallacies.
The second episode is available to stream via YouTube, an MP3 download and iTunes. Future episodes are soon to come with yet to be announced special guests.
Pierre Omidyar also started a Qntra back in October. His failed.
We find via Conde Nast's1 Wired that something something Racket something something soft launch something something closed. Their glee is hardly concealed, but it will be short lived. Everyone in your school failing the same exam you marginally passed once does not really mean all that much ; there's other schools out there. The better parts : Continue reading
Also owners of Reddit, and generally a stronghold of all that is evil in the world. Check out The Awl's recent leak of their upcoming three-rule-binder for office drones to get an idea. Golden bits in there like
Please. WIRED is no longer a pirate ship. It's the home of world-changing journalism.
and
And it's increasingly a place where we, and our New York colleagues and owners, host artists, founders, CEOs, and advertisers.
Obama's "close down the world, mulatto in chief's coming for a visit" is slowly but surely trickling down through the entire stack of utterly corrupt, government-sponsored, government-backed, QE-fed leeches and aparatchicks. It's arrived to the point where Conde Nast is actually kicking out the last remaining workhorses in the stables to make room for Barnum. ↩
Bitcoin On The Agenda For Cisco's Leadership Council Event
The agenda for the Cisco CEO-CIO Leadership Council has now been released. The website describes the event as one that brings together:
CEOs from Fortune Global 500 companies with their CIOs, or senior most IT strategists. The event's highly interactive format encourages peer collaboration and discussions on the most timely and transformative issues facing today's organizations.
Bitcoin.org Blacklisted In Russia
Bitcoin.org has been added to a list of domains names forbidden within the Russian Federation. Despite being approved for blacklisting back in September of 2014, it is only today that the ban has gone into effect. The decision to approve the ban was made by the суд otherwise known as the Federal Court Registry. Continue reading
CoinTerra Goes From Bad To Worse
Things for the well-funded startup with a team of experienced ASIC designers who some how managed to go from hero to zero in less than two years are going from bad to worse. CoinTerra, who are rumoured to be on the brink of bankruptcy, are now being sued for a total of USD $5.4 million including $1.4 million in unpaid bills and an alleged breach of contract. Continue reading