As strong downward movement hits US markets, fiat/Bitcoin interfaces have reported substantial gains for the USD versus Bitcoin. The USD has risen to less than 5000 USD for one Bitcoin if they are to believed. Notably, this movement follows Mircea Popescu's determination that a Most Serene Republic can not actually be constructed.
Bitstamp has annouced the addition of novelty segwit only Bech32 addresses to their platform (archived). Segwit involves cleaving the ever important transaction signatures from inclusion in Bitcoin blocks through a set of rules precariously enforced at the convenience of miners. With the signatures cleaved, transactions opting for the lower segwit security standard feature a space saving "spend by anyone" script when added to the Bitcoin blockchain. Continue reading
NYSE parent Intercontinental Exchange has begun trading Bitcoin futures from Bakkt yesterday (archived). Microsoft and Boston Consulting Group are also involved in the instrument. The contracts promise physical delivery of Bitcoins, but it remains to be seen how seriously anyone involved in this particular market is going to investigate the sincerity of the delivery claims. This new source of volatility has seen fiat/Bitcoin interfaces reporting substantial volatility with today's manifesting mostly in a downward direction.
This move opens up lessons in Bitcoin prices and inflexibility to a whole new class of trader.
As the Empire's relevance in the world continued to slide, the very inconvenient happenings are piling up:
- Turkey, bearer of the NATO alliance's second largest military,1 has begun taking delivery of S-400 air defense hardware from Russia in defiance of the USG empire's wishes. The US had been reluctant to sell NATO ally Turkey the inferior US air defense missile systems until Turkey had already made the deal with Russia, and when the belated offer to sell came from the USG, the price tag was several times higher than the superior Russian option.
- Democratically Elected US President Donald Trump declared his dislike for Bitcoin and desire that the USG move to regulate Bitcoin far too late for it to even try.
- The recent arrest of Pantsuit Supernode Jeffery Epstein appears positioned to bring all sorts of ugly inside the US Demoocracy and its party into view. One of the larger carbuncles consists of the tamper put on earlier Epstein prosecutions due to his ownership by an "intelligence" agency. Attempting to preempt the mess, the Pantuitist media cucks are underweighting inconvenient portions of Epstein's WoT in their coverage while party legislators call for probes into their opposition's funders before their own supernode's network gets mapped (archived).
- The "panic over energy expenditure for the purpose of socialist industrial capture" lobby has yet to produce a response to address bold scientists declaring clouds exist.
The Brits have announced their 5 year, 4 month prison sentence for 24 year old Thomas White while also announcing that what they tried him for was alleged service as Dread Pirate Roberts 2 of Silk Road 2 (archived). No announcement with the arrest of what the arrest was actually for. No announcement for the trial or conviction. Another day, another secret trial in the Commonwealth.
As part of his Finite Field Arithmetic Library, Stanislav Datskovskiy1 (WOT: asciilifeform) has published code to perform Barrett's Modular Reduction in constant time. Speed of the code is favorable compared to Werner Koch's MPI library utilized in GPG. It appears that leaky optimizations of the sort that seem like they should make Koch's non-constant time implementation faster end up chewing quite a few clock cycles to accomplish an effect quite contrary to actual optimization.
Involved as a principal in the Republican ventures No Such lAbs and Pizarro ISP. ↩
Player Mircea Mircescu scored the biggest-ever "pop" in the history of Eulora, MiniGame's Bitcoin-denominated MMORPG, just past midnight server time on December 16th, 2017. Reigning the "Top of Pops" list in-game, the windfall weighs in at 3505.309 million ECu, or a hair over three and a half Bitcoin. The previous chart-topper occurred two years ago, also in December, at 1081.602 million ECu.
Mircescu's real-world avatar Mircea Popescu hinted at the pop's provenance in the game's IRC channel, #Eulora, where he stated the winning click occurred during a crafting run of "bod", or Black of Desspayr, a highly sought-after potion critical in the manufacture of blueprints for other items. Previous auction data for the item shows a markup of over 250% on the base price, which corresponds to the amount reported in-game for the pop –suggesting the market value of Mircescu's winnings likely exceed 8.5 billion ECu.
The pop comes on the heels of major events in Eulora's development, including the unfolding of an Ada-implemented communication protocol and an improved crafting and exploring bot refined by players to ease the hands-on aspect of in-game activities.
Physics professor and Danhua Capital founding partner Shoucheng Zhang appears to have been garbage collected by his side gig employer Stanford University (archived). The 55 year old Zhang was found dead December 1st and his death was attributed to suicide without investigation. Statements circulating claiming origin with Zhang's family are supposing Stanford University was central to Zhang's life and won't you pretty please contribute to Stanford in Zhang's memory while declining to investigate Zhang's suiciding?
The US Treasury Department's "Office of Foreign Asset Control" has targeted two Bitcoin addresses as a part of of their efforts to sanction Iran (archived). This incident highlights the abject incompatibility of the criminal organization calling itself the United States Government and the honest Bitcoin network. The criminal organzation, which is absurdly claiming it can have an office for the purpose of controlling foreign assets in foreign lands, is trying to say our Bitcoin network far above their criminal reach must change its rules on their say so just the same as any other bum asks your favor with nothing to offer but more asks.
Update: Transactions were sent to the "sanctioned" addresses despite impotent proclamations.
The Power Rangers introduced a coin inflation bug to their Bitcoin network client dubbed "Bitcoin Core" in 2016 by removing a check against double spending (archived). The bug was introduced by Matt Corallo (WoT: bluematt), advocated by Pieter Wuille (WoT: sipa), approved by Gregory Maxwell (WoT: gmaxwell) and MIT's Cory Fields, then merged by Wladimir van der Laan.
The reference Bitcoin network client maintained by the Bitcoin Foundation is unaffected by the bug introduced into the forked "Core" client.