As September begins fiat/Bitcoin interfaces continue reporting all time lows for the United States dollar with values floating around 1/4800th to 1/4900th of a Bitcoin.
At the latest Bitcoin network mining difficulty adjustment, difficulty fell approximately 3.8 percent from the all time high of 923233068448.90527344 to a new second highest all time value of 888171856257.32055664 today. Aside from typical variance, the possibility of some hashpower inflicting woe upon a certain altcoin and heroically repatriating BTC value may have contributed to this small drop in difficulty.
Barry Silbert's altcoin forking effort, which is just as marginal and fringe as Roger Ver's,1 has selected block 494,784 for their exodus from Bitcoin. The new altcoin has pledged of support from the 50 plus sybils of Barry Silbert's "Digital Currency Group".
Hot on the heels of the Daily Stormer's domain name being hijacked by Google, fans of the DS who donated bitcoin to its owner Andrew Anglin via Coinbase are reporting their Coinbase accounts have now been terminated. In response to the bans, some users are unwittingly blaming Bitcoin itself, saying:
…So much for anonymous currency.
It's clear that many in the alt-right deride bitcoin and do so to their own detriment. These are the same people who call for violence but quickly retract such statements and cry when confronted by the first sign of it, claiming they are about solutions while continuing to ignore Bitcoin for the most part.
Buttfunex announced in a blog post today that "effective immediately, we will no longer be accepting verification requests for U.S. individuals", and would discontinue all services to existing U.S. customers over the next 90 days. The news follows a decision by Buttfunex earlier this week to suspend trading of "Digital Asset Tokens" or ICO funbux "Pursuant to the recent report of investigation issued by the U.S. Securities and Exchange Commission". (archived)
Mining difficulty on the Bitcoin network has increased from 860221984436.22229004 to 923233068448.90527344 for an increase of approximately 7.32 percent to a new all time high. In this adjustment period a hard forked altcoin separated from the Bitcoin network to zero meaningfully apparent impact on Bitcoin mining, a 7-ish percent increase of mining difficulty to a new all time high is a very typical . Meanwhile, the altcoin is wrestling with its own precarious difficulty situation.
With Roger Ver's hard fork now solidly mired in the early stages of altcoin woes, attention has turned to Barry Silbert's (WoT:nonperson) proposed hard fork away from Bitcoin and musings on whether Silbert and his allies will jump to the same fate. Firms associated with Barry's fiatist "Digital Currency Group" create an impression of widespread "business" support Ver's initiative lacked, but Silbert's social engineering coup is still no less a fringe effort promoted by a minor player in the Bitcoin economy.
The the much beleaguered Coindesk, social engineering workhorse of Silbert's collection,1 appears to have a few lonely months ahead working the social engineering grind.
The Bitcoin Foundation, stewards of the reference Bitcoin implementation, have rightly refused to acknowledge Silbert's attack on Bitcoin as anything else. Meanwhile the power rangers developing the popular "Bitcoin Core" fork of the reference implementation are trying to minimize the disturbance SilbertCoin will afflict their users with, and in spite of the woe's of Vercoin, a certain kind of derp dressed as developer is likely to continue burning their time on that forked altcoin.
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.