The bulk of fiat centered fiat/Bitcoin interfaces are testing a price that would drop the value of a United States dollar to 1/1400th of a Bitcoin on their markets. The malaise affecting fiat currencies has kept the dollar trading under 1/1000th of a Bitcoin for most of 2017. At the present fiat/Bitcoin interfaces which are outliers from the pack include BTCChina which has illegally cooperated with the PBOC to stop Bitcoin outflows while still allowing fiat outflows leaving it a laggard where a dollar is still a whopping 1/1180th of a Bitcoin, simply for the reason that a dollar can be taken off of their troubled platform. Bitfinex is also an outlier in the other direction where a dollar is a mere 1/1497th of a Bitcoin as it goes through Goxian death pains.
Purdue University has acquired the liabilities associated with Kaplan University's online credential issuing programs by paying a single dollar1 to Jeff Bezos' Graham Holdings.2 Purdue is a degree mill sponsored by the government of Indiana and headed by former Indiana governor Mitch Daniels. Information on any personal considerations given to agents allegedly acting on behalf of Purdue University in order to relieve Jeff Bezos balance sheet of this toxic asset while further paying for the fucking is unavailable at this time.
This week Saint Louis radio station KMOX allegedly received a letter from Syrian refugees settled in North Saint Louis which they translated as stating the refugees had "terror in their hearts" following a home invasion. Further allegations per the radio station's aired portions of the translation include:
- The locals who participated in the home invasion expressed interest in abducting their children.
- When they go out in public pictures are taken of their children by the locals.
- They are afraid to leave their home due to the ambient level of violence in the neighborhood.
KMOX radio host Charlie Brennan who presented the allegations in the letter has yet to publish the full letter in a legible venue, but local police dispute details including the fixation on the children as a cultural misunderstanding. The home invasion and extraordinary ambient level of violence however are in line with other reports from the North Saint Louis conflict zone. Brennan proposed resettling now double refugees in Ballwin, Missouri.
The Syrian refugees were resettled in the North Saint Louis conflict zone by the "International Institute of Saint Louis", an immigration and refugee settlement organization aligned with leftist political causes and located in the trendy, hip Tower Grove East neighborhood of Saint Louis City.
Bitfinex death watch continues with the address declared to be their "cold storage" down 50,000 Bitcoins and counting. This comes as Buttfunex's fait banking partners have ceased processing fiat withdrawals from this fiat emphasized fiat/Bitcoin interface. Sorry for your loss… butt fun while it lasted.
United States President Donald Trump held his first solo press conference on the job and offered a comprehensive review of his action packed first month in office. Trump promised further action in the coming weeks as he celebrated a busy first month in spite of the fake news media, hostile career bureaucrats, and a slate of department secretaries delayed by an obstructionist legislature. A transcript of the press conference is presented below: Continue reading
Following pressure from the "People's" Bank of China, the major Chinese fiat/Bitcoin interfaces have brought an end to margin trading for domestic Chinese customers. Further fiat side interference with fiat/Bitcoin interfaces is expected to continue or accelerate over 2017.
So far 2017 is continuing the recent upwards trend in prices reported by fiat/Bitcoin interfaces passing a number of milestones today:
While fiat/Bitcoin interface insolvency remains a reality and connections to reality on the fiat end generally seem to be loose, much has changed since this price level was reported. Perhaps most notably in the mind of buyers, concerted social engineering efforts to undermine Bitcoin variously named XTCoin, ClassicCoin, Unlimited, and Segregated Witness have all failed, laughably so.3
Still, tomorrow any or all of these fiat emphasized fiat/Bitcoin interfaces could offer nothing for your Bitcoins while demanding you deliver the entire whole and undivided transcendental idea of the color magenta4 to them.
"volume weighted" price, strong lead by China and over 1050 Euros across the board ↩
Similar situation, above 1100 dollars with the exception of BTC-E ↩
In the only way that matters, that impossible way which would deny everyone else both magenta and the idea of magenta. ↩
Earlier this week the Ministry of Games released version 0.1.2 of their real cash economy MMORPG Eulora to the world. The new client software was made available July 31st and the servers rolled over to the new version on August 3rd. Shortly after the update was made available Daniel P. Barron (WOT:danielpbarron) found a record setting loot pop in the game world. The drop composed of boulders and assorted other loot has a base value of 0.81 Bitcoins with a potentially higher market value in the game's real money economy. Eulora's real cash economy makes it one of several avenues available for earning Bitcoin without dealing with the AML/KYC indignity of the various fiat/Bitcoin interfaces.
Magnr "Savings and trust" announced in an email to customers today that it was pausing trading to review it's security measures. (archived) The letter stated:
"In the past 24 hours, Bitfinex has announced that their exchange has been victim of
a security breach resulting in the suspension of activity on their website until
As a result, we have placed a temporarily pause on Magnr Trading. During this time,
clients will have the ability to liquidate existing open trades on Bitstamp and
itBit but will not be able to open new trading positions."
While Magnr says they monitor their service 24 hrs daily, users of the platform do not have control of any private cryptographic keys and therefore have little hope of recovering any funds stored therein were the company's servers to experience a breach.
To quote from 2013 :
I. Self-moderated "support thread", filled with a bunch of socks posting nonsense. This is standard scammer operating procedure.
II. Running stolen, bug ridden software (the old Bitcoinica codebase) that has already proven itself useless in the marketplace (three times!)
III. Scammers themselves admit to crediting "investors" infinite USD/BTC to execute the naive users.
It's true that scammer tags aren't really given out much anymore, but that's no reason to allow well known scammers run amok. You have been warned.
To quote from 2016 :
We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up.
Sorry for your loss.