Mtgox Coinbase employees have started their planned trading vacation this weekend instead of waiting for their intended start date of just before August 1st. Mtgox Coinbase has posted a cryptic status message stating that their withdrawals may be "delayed by up to 12+ hours" (archived). The notation "+" signifies an indefinite addition to the number that precedes it, and for this reason we are deeply Sorry For Your Loss.
Today, Bitcoin network mining difficulty climbed from the previous all time high of 804525194568.13183594 to 860221984436.22229004 for a new all time high for an increase of approximately 6.92 percent.
Long time semi-independent fiat/Bitcoin interface BTC-E has gone down with its apparent operator captured by USG and Greek pederast forces. The Stasi's press representatives are alleging that BTC-E laundered 4 billion United States dollars since 2011, this is in spite of BTC-E trading multiple tokens in addition to Bitcoin with one of the most volatile being the United States dollar. This suggests the Stasi pulled the 4 Billion dollar figure out of someone's ass to defend their favored scamcoin's honor.
This move follows the death earlier this month of Alexandre Cazes, the alleged proprietor of AlphaBay, who appears to have been killed by one of the Stasi's attempts to capture Bitcoin value via the "coke machine" method. Perhaps the Stasi feels that partnering with the Greek pederasts, with their legendary Hellenic loving touch, might give this latest captive enough life to spit out the private keys.
Miners on the Bitcoin network signaled that they would begin enforcing a new set of block acceptance rules concerning the handling of "anyone can spend" transactions, commonly referred to as "Segregated Witness". For users of the actual Bitcoin system and actual Bitcoin software, this news comes with the usual "soft fork" related increase in the risk of chainsplits and orphaned blocks. For users engaging in fringe behavior on the Bitcoin network and seeking to abuse the new "rules" surrounding the "anyone can spend" edge case, there exists incredible potential1 for "your loss".
This move by Bitcoin miners circumvents an effort advanced by assorted social engineers to attempt enforcing this new "anyone can spend" ruleset through a loud tantrum. It remains to be seen how large a pile of coins the brave and the duped are willing to amass under "anyone can spend" conditions in order to tempt miners to abandon this new "soft forked" ruleset.
From Qntra, December 28th, 2015
The chief idiocy in the Blockstream camp is that if miners decide to stop enforcing the "soft" forks that Blockstream needs, the miners are somehow on "invalid" chains. Soft fork enforcement is nothing more than a courtesy extended by miners. Should miners trigger activation of segregated witness, and a super majority of miners later decide to stop enforcing its rule set, Blockstream is out of luck. Luke-Jr's protests about the "valid" blockchain would be as impotent as his protests about the valid Pope. So long as the longest chain that wins verifies on the actual reference Bitcoin client, life goes on.
There are hazards to artificially trying to introduce new levels of trust to a system that doesn't require it. Softforks that explicitly create an incentive for their own revocation create an extraordinary moral hazard
This week a Bitcoin network difficulty adjustment took the mining difficulty from 708659466230.33203125 to 804525194568.13183594 for an increase of approximately 13.52 percent. This is an all time high mining difficulty, and it comes on the heel of last adjustment's ~0.43 percent drop to the the then second and now third highest mining difficult in the history of Bitcoin so far.
The USG, fiat aligned, domain squatters at Bitcoin.org are hyping a supposed "network disruption" which they hope will follow their latest effort to fork away from actual Bitcoin. The effort fronted by known sleeze Luke-jr (WOT:luke-jr) has been dubbed by the social engineers a "User Activated Soft Fork", and in this scheme the vermin attacking Bitcoin are attempting to dupe would be Bitcoin users into running their software instead of an actual Bitcoin node. The idea is that by creating the impression of easily faked support, the social engineers may bully miners into accepting a forking away from Bitcoin and into something lesser.
This effort, supported almost entirely by assorted USG stoolies and assorted single language anglophone social engineering victims, is the most transparently desperate effort so far to undermine Bitcoin by imposing governance outside of The Most Serene Republic. It remains to be seen how many persons supposing themselves involved in Bitcoin will be victimized by Luke-jr and his co-conspirators when this latest fork's "flag day"1 passes.
Yes, a flag day. Because desperation has lowered these pests into "throw a coordinated tantrum" as a strategic maneuver. ↩
Mining difficulty on the Bitcoin network has undergone a small drop to 708659466230.33203125 from 711697198173.75659180 for a decrease of approximately 0.43 percent. This downward adjustment to the second highest mining difficulty in history breaks the recent long streak of all time highs.
Following last period's almost 14 percent jump, the latest Bitcoin mining difficulty adjustment is a more modest increase from 678760110082.99023438 to 711697198173.75659180 for an approximately 4.85 percent rise to this newest all time high.
Bitcoin network mining difficulty has reached a new all time high of 678760110082.99023438 up from 595921917085.41601562 for an approximately 13.90 percent increase.