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
Coindesk1 today gave the exciting title
"Crypto Traders Flock to Altcoins Amid Bitcoin Price Malaise"
to a mundane piece whose only actual mentions of fiat/Bitcoin interface reported price concerns continued price stability. With the value of the United States dollar continuing to be reported under 0.001 BTC for much of this young year, all malaise seems to be accumulating on the fiat side.
United States based Internet "backbone" provider Cogent Communications is blocking traffic to ip addresses associated with "pirate" websites according to a report by TorrentFreak (archived). This block is keeping subscribers of numerous internet service providers that peer with Cogent from accessing these sites.
The People's Bank of China has again coordinated with a number of Chinese fiat/Bitcoin interfaces to implement new regulatory requirements. This time anti-money laundering suggestions have lead to 30 day suspensions of Bitcoin withdrawals at Huboi and OKCoin while they explore their compliance. Withdrawals of legacy fiat currency and deposits remain available at these interfaces. Other measure being implemented across Chinese fiat/Bitcoin interfaces involve an end to zero fee trading.
The continued interest by the People's Republic's central bank towards Bitcoin this year along with the surprise emergence of Chinese monophone pool operators from nowhere with allegiance to ongoing network coup attempts demonstrates an increasing amount of statal aggression by China towards Bitcoin.
A minority group of Facebook shareholders are organizing an effort to replace socialist Mark Zuckerberg (WOT:nonperson) as Chairman of the board at the firm. The coup organized by "consumer watchdog" SumOfUs claims that an "independent" chair would:
"oversee the executives of the company, improve corporate governance, and set a more accountable, pro-shareholder agenda."
SumOfUs describes itself as an organization:
"Fighting for people over profits"
Which raises the serious question of what they imagine a "pro-shareholder" agenda to be.
This goes to show that even a sworn friend of socialism like Mark Zuckerberg who presides over one of their favorite cesspools is in reality far less protected from the activists than those who deny the leftists their support, sympathy, and proximity. This coup seems unlikely to forcefully unseat Zuckerberg from the Facebook chairmanship unless he chooses to step down, but it highlights the fact that when dealing with leftists, you can not possibly pay your enemy enough to love you. So long as you have and they have not, you will always be their enemy.
Police One, a forum frequented by members of US Federal and State "Law Enforcement" agencies, confirmed today that 715,000 of member accounts have gone up for sale on the deep web after a breach that occurred in 2015. The database contains usernames, password hashed with every hacker's favorite md5, email addresses, dates of birth, and other miscellaneous data for the bargain sum of 0.4 BTC. Forum officials said they were notifying members of the hack so they could reset passwords, although this will do little to prevent dedicated attackers from future attacks.
Today revelations by a whistle blower within the US National Oceanographic and Atmospheric Administration demonstrated that a key paper produced by the agency under the Hussein Bahamas administration which served as "motivation" during recent negotiations in Paris was plagued by fraudulent manipulation of facts (archived). The bogeyman of "climate change" has been held up by socialists of all flavors as a scourge demanding statal control of energy production and expenditures as an only supposed remedy.
As mentioned in Shinohai's latest shitcoin Roundup, a few single language Chinese miners have taken to expressing an unjustified degree of loyalty to yet another doomed anti-Bitcoin forking effort. In the same week the fork effort's defective client unintentionally fell out of consensus due to its inherent slop, Andrew Quentson (WOT:nonperson) published a purported "cosmetically corrected" interview with Jiang Zhuoer (WOT:nonperson) where among other things Zhuoer confesses to "SPV mining" while asserting to have 100 million dollars1 committed to destroying any actual Bitcoin network which remains after splitting his favored altcoin from Bitcoin.
If Zhuoer's intent actually corresponds to what the words printed in English mean,2 it represents a paltry counter to the deterrent presented by Mircea Popescu and other lords of the Most Serene Republic, which has thus far damped off earlier social engineering attempts to fork Bitcoin into something else before they could root.
Continued imprudence among mining pool operators suggests that a solution to the mining bug3 in order to disabuse certain activist factions of their imagined participation in Bitcoin. Importantly, recent efforts by the People's Bank of China to bring sanity to their local fiat/Bitcoin interfaces does not preclude future statal attempts to attack Bitcoin via the mining vector from the People's Republic of China. Sorry for your loss.
Certain factions within the Chinese mining cartels threaten to spend $100 million USD1 to kill off any competition to Bitcoin Unlimited. The announcement was made by a previously unknown pool known as "BTC.TOP" which alleges to have 6.8% of global hashrate at time of this article.
Buttfinex users were elated that their "Hacker credit" token rose to a roughly 76 cent high, leaving some with hopes they might not get totally scammed after all. A twitter user by the name of "Bitcoin Nemesis" released an open letter on pastebin in which he claims to be the only person able to recover the missing funds, in addition promising the prosecution of the scammers running the show. The shadowy user further threatens to dump a list of "Bitcoin people" on the 15th "to law enforcement, intelligence agencies, to tax authorities."
Users of the scammer paradise btcjam reported withdraw errors on the platform earlier this week, leading redditards to speculate Mt. Gox 2.0 is imminent.
Venezuelan Fiat/Bitcoin interface SurBitcoin advised users to withdraw their balances after the company had it's account with Banesco shuttered for unknown reasons. No reason for the sudden halt in operations was given, though officials said they hoped to resume operations in roughly 2 weeks. Users were encouraged to use localbitcoins in the interim, which has been a popular platform in the South American communist haven to facilitate p2p trades.
The SEC published a notice “to solicit comments on the proposed rule change from interested persons” regarding Barry Shillbert's "Bitcoin Investment Trust (BIT)" fund, which he hopes to trade on the NYSE.
A figure notably denominated in the wrong kind of unit ↩
Universities in the United States experienced an average endowment return of negative 1.9 percent over 2016. Harvard University enjoyed a very bright and special negative 2 percent return. Across US universities the 10 year average annual return fell from 6.3% to 5% and the 5 year figure went from 9.8% to 5.4% compared to 2015 figures. Continued dismal energy and mining sector performance along with the activist led divestment fad likely contributed to the suffering of these fiat institutions. In the inflationary fiat monetary system exemplified by the US dollar, a positive ~7.4% growth rate is typically cited as a target for endowment growth to outrun the inflationary loss in purchasing power. Sorry for your loss.