EU Marching Towards "Helicopter Money" As Other Manipulations Are Exhausted

The European Central Bank, aside from the usual negative interest rates business, is not to be underestimated in the competition to further enshitten fiat bezzle currencies. For several months already, central banks of eurozone countries have been tasked to acquire 60bn euro worth of assets monthly of the variety that includes bonds of state-owned enterprises and provincial authorities. Come April 1, this figure will go up to 80bn, and will include any bonds with investment ratings in an effort to stimulate Europe's economy.

ECB chairman Mario Draghi promised there are plenty of instruments left, even the increasingly likely "helicopter money" which she considers "a very interesting concept". As other options are exhausted it is becoming increasingly likely the European Central Bank will resort to helicopter money for stimulus, a move which will reveal just how little the central bankers actually value their fiat bezzle bucks.

Recent "SigOp" "Attack" On The Blockchain Or Advanced Power Rangering

Signature operations or "SigOps" in Bitcoin transaction scripts requires checking ECDSA signatures to assure a Bitcoin transaction is valid. This is computationally expensive work making it anĀ  avenue of potential disruption on the Bitcoin network. The possibility was known for months (archived). Yet little attention was paid until yesterday's events caused ineffective block filling. The mining side was amply discussed there, and can be easily fixed by miners who know their stuff. I rather wish to shed some light on network propagation of these transactions, as the burden of signature checking rests on full nodes, too. Continue reading

Czech Ministry Fingers Heist Suspect

Czech Republic based Bitcoin exchange was allegedly hacked on November 11, 2013 and approximately 4000 bitcoins were stolen. The operator or operators almost succeeded in their efforts to remain anonymous with impunity, were it not for disgruntled users that named some suspected perpetrators in online forums. According to the 2014 yearly report of the analytics departmentt of the Czech Ministry of Finance, one of the named persons opened new bank account (in a Czech bank) and immediately transferred to there non-trivial amounts from an EU Bitcoin exchange, thus prompting a closer look from the Department. It concluded with a money laundering criminal complaint, which is currently waiting for court proceedings.