interesting articles and shit -

CIA Nigger
True & Honest Fan
The problem when most people link Forbes etc articles is its very misleading and I have no idea why Forbes hosts fucking "blogs":
"Opinions expressed by Forbes Contributors are their own."
It still shows up in Google news and the like as a legit news article.


True & Honest Fan
NVIDIA Bracing for a Cryptocurrency Demand Drop

In what could bring cheers to PC gamers, and tears to miners, NVIDIA is reportedly wary of a possible drop in cryptocurrencies through 2018. This directly affects the company, since GPUs are used in mining various cryptocurrencies, which triggered inflation in prices of graphics cards from Q2-2017 to Q1-2018. Over the past couple of weeks, prices of popular high-end GPUs such as the GeForce GTX 1080 Ti have cooled, although not back to their original levels. NVIDIA's manufacturing division, which sub-contracts silicon fabrication to TSMC, is calculating the impact a cryptocurrency slump could have on its supply-chain, and are being conservative with their orders to the foundry. A drop in demand could leave the company with vast amounts of unsold inventories based on an old-generation architecture (Pascal, in the wake of Volta/Ampere), which could result in multi-billion-dollar inventory write-offs. According to a Digitimes report, NVIDIA has placed restrictions on its add-in card (AIC) partners on marketing cryptocurrency mining abilities of their graphics cards, and selling directly to large miners.

In addition to a slump in demand for cryptocurrencies, 2018 could see introduction of purpose-built crypto-mining ASICs that are tailored for popular cryptocurrencies. Purpose-built ASICs tend to be extremely economical for medium-thru-large scale miners, in comparison to GPUs. The third horseman is policy. While several governments around the world have developed an appreciation for blockchain technology for its resilience to tampering, fraud, and data-theft (which could be implemented in government records, bank records); governments are, understandably, anti-cryptocurrency, as it undermines sovereign legal tender issued by central banks. Several governments through 2017-18 have announced measures to crack down on cryptocurrency mining and use as tender. This has led to a further drop in public interest in cryptocurrencies, as large ICO investors are weary of losing money in a highly volatile market. Close to half the ICOs have failed.

Original Source:


Mountain of Molten Lust
True & Honest Fan
Florida Man uses government credit card to buy GPUs.
Agents with the Florida Department of Law Enforcement arrested Matthew McDermott, 51, of Davenport today on a grand theft charge stemming from a virtual currency operation. Virtual currency types include Bitcoin and Litecoin.

McDermott is also facing a charge of official misconduct. He is the Information Technology manager for the Florida Department of Citrus, which is charged with regulation of the state’s citrus industry. It is based in Bartow.

The investigation was launched after FDLE agents received a complaint from the Citrus agency’s Office of Inspector General. The complaint followed an audit of P-Card (purchasing card) activity that found McDermott had made more than $22,000 in purchases between July 2017 and December 2017. Among those purchases were 24 computer graphics cards known as Graphic Processing Units (GPUs).

In addition, the IG noted that utility bills for the agency had increased by 41% between October 2017 and January 2017. The increase amounted to nearly $825.00.

FDLE agents learned that McDermott was accessing a virtual currency exchange from multiple computers at the Department of Citrus and was part of a mining pool. A mining pool, or team, is used to solve mathematical equations in an effort to mine the virtual currency and win a reward. The pool combines its resources to help offset costs.
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Some choice quotes:
Researchers from the RWTH Aachen University, Germany found that around 1,600 files were currently stored in bitcoin’s blockchain. Of the files least eight were of sexual content, including one thought to be an image of child abuse and two that contain 274 links to child abuse content, 142 of which link to dark web services.
This is not the first time warnings over the ability to store non-financial data within the blockchain have been issued. Interpol sent out an alert in 2015 saying that “the design of the blockchain means there is the possibility of malware being injected and permanently hosted with no methods currently available to wipe this data”.
The agency warned that the technology could be used in the “sharing of child sexual abuse images where the blockchain could become a safe haven for hosting such data”.


No, There Isn’t Child Porn on the Bitcoin Blockchain
Anyone swiping through the tech news on their tablet this week may have been startled by an unsavory story. Child pornography (CP) is permanently encoded in the bitcoin blockchain accoriding to mainstream media reports, making anyone who downloads the blockchain guilty of accessing CP. Not only is this old news, but it’s fake news. Understanding why calls for taking a quick dip into bitcoin’s code.

Also read: Bitcoin Cash Ecosystem Sees a Tidal Wave of Merchant Acceptance

Bitcoin’s Boogeyman Returns
No one can really recall what bitcoin was branded as first: a tool of terrorists, drug dealers, or child pornographers. All that can be said for certain is all three canards have been trotted out regularly over the years. Only last week in the U.S. Senate, Representative Brad Sherman expressed hope that a cryptocurrency panel would reconvene immediately after there had been a terrorist attack funded by crypto. But that was last week; this week it’s all about pornography of the worst kind. CP is the topic du jour thanks to a new research paper. Its abstract explains:

Blockchains…irrevocably record arbitrary data, ranging from short messages to pictures. This does not come without risk for users as each participant has to locally replicate the complete blockchain, particularly including potentially harmful content…Our analysis shows that certain content, e.g., illegal pornography, can render the mere possession of a blockchain illegal…our analysis reveals more than 1600 files on the blockchain, over 99% of which are texts or images. Among these files there is clearly objectionable content such as links to child pornography, which is distributed to all Bitcoin participants.

This all sounds pretty damning, and given some of the alarmist headlines the paper has generated, you would have thought the FBI van was speeding its way to every address known to operate a full bitcoin node. But that’s not quite how the real story goes.

The Daily Dot cranks up the FUD.
Old News Is Old
The CP on the blockchain story isn’t news and it isn’t new either. In fact, it was first dragged up in 2013, and has been revived, six years on, purely because a new paper has given the claims an air of legitimacy. News outlets were quick to jump on the story again, which was then widely shared by attention trolls such as Brianna Wu. The false hypothesis comes from the fact that it’s possible to encode information in the blockchain. That was how Satoshi famously hid his message in the genesis block: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”. Anyone inspecting the blockchain won’t find those words however. Instead they’ll find the following hash: 000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26. That is the block’s coinbase parameter (nothing to do with Coinbase the company), written in hex.

Media publications have had a field day with the CP non-story.
A research paper published in July 2017 titled Data Insertion in Bitcoin’s Blockchain explores this topic in more detail and explains how the coinbase data “is arbitrary and can be up to 100 bytes in size”. Only miners have the ability to insert data in this manner, and it’s typically used to signal mining support for proposed protocol changes. There are five other ways in which data can be encoded on the bitcoin blockchain, and it is the OP_RETURN option that is at the center of the child pornography story. The 2017 research paper explains that “this method is appropriate for inserting small amounts of data (or transaction metadata), but it is not suitable for large quantities of data.”

The Guardian gets in on the act
80 bytes is all that OP_RETURN can store, and what’s more that information is subject to deletion. That’s because bitcoin nodes are capable of pruning “provably unspendable” UTXOs for efficiency, which include OP_RETURN data. Anyone wishing to use the bitcoin blockchain to seek out child pornography would need to perform the following convoluted process:

  1. Download the entire bitcoin blockchain and sift through 251 million transactions to find the 1.4% that contain some kind of arbitrary data encoded in them.
  2. Ensure that the version of the blockchain you were using had been subject to no pruning that might have removed OP_RETURN data.
  3. Extract any web links that might be concealed in the data using some sort of steganography.
  4. Type the links into your browser until you eventually found a website that was still accessible.
To assert that the bitcoin blockchain contains child pornography is disingenuous, and is no more meaningful than saying that the internet contains CP. You could live to 100 and never encounter CP on the web, because that’s not how the web works. And that’s not how the blockchain works either.

Don’t Believe the Headlines
Asserting that there is child pornography on the blockchain would be like strolling through the U.S. Capitol Building, dropping a scrap of paper containing a deep web address, and then claiming that the American government is storing obscene content. As respected bitcoin commenter Nic Carter wrote: “Any journalist writing about arbitrary content injection into the Bitcoin blockchain should be extremely careful to detail to what extent that content exists, is extractable, viewable, etc. A text string which is a URL link to a [website displaying a thing] is not [the thing itself]. That is an extremely bad interpretation. Do not conflate the two. If you are willing to claim that “the blockchain contains X” you should be able to prove that you can extract X.”

Steganography and blockchain data insertion are fascinating topics that deserve scrutiny and further study. But to assert that the blockchain contains child pornography is misleading to the point of falsehood. It’s possible to encode a hidden link inside any database, including Facebook, Twitter, and Wikipedia. The act of doing so proves nothing other than the fascination some people have for concealing messages in messages – and that’s been happening since 1499.


neger psykolog

moon goons for communism detection
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@14⚡⚡ weev ⚡⚡88 @neger psykolog @CrunkLord420

Ok children, weev wants me to launch a kf eth token using part of my fabulous company as stake. It seems trivial.

What do you think?
No. 100% no.

If you're going to do it, I'd figure out a way to attach posting, traffic or hosting onto another cryptocurrency and hype that up if it ever happens. It isn't viable right now, but it will be soon.

Problems with tokens:
  • You're never going to get listed anywhere without paying.
  • You're never going to get listed anywhere worth getting listed on.
  • You're never going to be able to stand out from all the other tokens.

  • Something like might be better use for the site. Its a token/project surrounding digital licensing of writing. Already has quite a few integrations:
  • Alternatively, you could look at something like cryptokitties and tying that as an in-site currency
  • Also something to do with video sharing/file sharing as a currency

Not sure exactly "how" you'd integrate any of these as there are almost no websites that have actually integrated their own currencies. but creating your own token isn't what I'd suggest. A definite no, unless you're doing it sarcastically. I'd consider any 'value' you have in getting people interesting in something and that by launching an ERC20 token you'd be wasting that value. You can't regain any value you have once you already have a token.

I think an idea that I'd have for integrating currencies would be this:
  • Pick something that is trivial to earn small amounts on (like JoyStream or some other file sharing crypto)
  • Allow people to deposit amounts on their Kiwifarms wallet
  • Allow people to tip/send money to each other and add a small fee (1-5%) for each send/receive/deposit/withdrawal
  • That way you allow people to use someone else's value and you gain a small percentage for transactions. If the crypto you base on it goes to shit, you have no real attachment to it and you can just move to a different project/alternative.


not a financial adviser
True & Honest Fan
Don't get sent to prison.

Also I was recently involved with a listing of a PoW (monero-clone) coin, including operating a pool. The people who paid to get the coin listed basically got dumped on hard (by me and other miners). So the whole process of getting listed is itself a financial gamble.
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Don't get sent to prison.
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Also I was recently involved with a listing of a PoW (monero-clone) coin, including operating a pool. The people who paid to get the coin listed basically got dumped on hard (by me and other miners). So the whole process of getting listed is itself a financial gamble.

Can your country really lay charges on activity deemed illegal retroactivly? Seems like something unconstitutional for a developed country to do


not a financial adviser
True & Honest Fan
Can your country really lay charges on activity deemed illegal retroactivly? Seems like something unconstitutional for a developed country to do
It's a matter of legal interpretation that has yet to be fully determined. The overall feeling is that it's a cat and mouse game with banks and government. When the SEC says something like this people take note because it means if start self-regulation doesn't happen they're going to come in and fuck everyone's shit up. The People's Bank of China has a different MO where they will just come in and fuck everyone's shit up first, and then get the changes they want.

American citizens live under a bizarre type of financial imperialism that few other countries require. They have to pay federal taxes until they actually renounce their citizenship regardless of where they live and for how long. Former "havens" like the Swiss banks are turning away US nationals because they can't actually protect them from the long arm of the IRS. Plenty of exchanges ban US nationals, and definitely do not allow them to margin trade.

It's pretty funny to see the USA listed as a banned country along with Syria, North Korea and Iran when registering to a crypto service. I've known people who've had their exchange account locked down because they accidentally connected from a US IP address when using their VPN. Or vice-versa where US nationals forget to use their VPN.
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Crypto Visa card company Monaco just spent millions to buy
Jon Russell@jonrussell / 10 hours ago

Highly-prized domain name has been sold!

Registered in 1993 by Matt Blaze, a professor of computer and information science at the University of Pennsylvania who sits on the board of directors of the Tor Project, the domain has attracted a vast amount of interest as you’d expect given the explosion of crypto in recent years. However, Blaze has turned down all offers.

In January, Blaze repeated that the domain was “not for sale” and that people shouldn’t both to contact him — as The Verge noted — however fast forward to July and he has parted with it after Monaco, a crypto project best-known for developing a crypto debit card, bought the domain in an undisclosed deal.

Experts told The Verge that could have attracted as much as $10 million, however Monaco CEO Kris Marszalek declined to go into the specifics.

“If it was only about money he’d have sold it a long time ago,” he told TechCrunch in an interview.

Hong Kong-based Monaco’s ICO finished in June 2017 with the company raising what was then worth $25 million in crypto. Fast forward today and Marszalek said the firm has close to $200 million on its balance sheet thanks to a surge in the valuation of cryptocurrencies like Ether, but he suggested that, more than money, the sale was about finding the right home for the domain.

“This is a very powerful identity that we are taking on. It’s representative of the entire category so it comes with a huge responsibility on us to carry the torch. We don’t take it lightly and this is one of the things that I think we conveyed successfully, that, as a company, we do have a higher purpose,” he said.

“Fundamentally, blockchain and crypto will enable [the next generation] to control their money, to control their data and to control their identity, these are the three fundamental things that weave the fabric of society. For us this is the purpose, we want to acceleration the world’s adoption of cryptocurrency,” he added.

The splashy purchase of the domain is part of a rebrand for Monaco that will see the parent company become and its Monaco services — which the upcoming Visa card, peer-to-peer transfer and a wallet app — become MCO, the same name as the company’s cryptocurrency.

The Monaco card itself just entered testing for a small group of users, primarily the MCO team, and Marszalek said it will be available for all customers in Singapore and Europe this summer, with a rollout for those in the U.S. likely in Q4. That’s covering a backlog of over 70,000 waiting users, but the company has sweetened the appeal of a card for new people by adding a number of perks, most notably cashback on transactions and a concierge, which vary based on the level.

At around $7 per MCO token, the commitment for a card isn’t cheap. The top of the range ‘Obsidian Black,’ which has the highest rate of cashback and perks, requires a customer to hold around $350,000 in MCO tokens. However, there’s a selection to cater to different budgets.

MCO is well-known for its card project, which has been two years in the making and it captured the attention of early crypto enthusiasts, but Marszalek said the company is cooking up other services in a bid to offer a more rounded product line. (That also explains the rebrand.) Among things to expect, he said MCO is opening to introduce lending that uses crypto as collateral, a low-rate credit service, and a robo trading investment feature.

Note: The author owns a small amount of cryptocurrency. Enough to gain an understanding, not enough to change a life.

It was bound to happen. Crypto baseball cards.

Baseball collectibles like cards and bobbleheads are being revamped for the 21st century — on the blockchain. Major League Baseball has announced that it is launching a crypto-based game that runs on the ethereum blockchain later this summer.

It’s a crypto-based version of the classic collectibles that’s similar to the most popular blockchain game CryptoKitties, where players can buy and trade cartoon kitten characters with ether. CryptoKitties has already made over $25 million worth of ether, making it a huge success. In the MLB version of the game, people will be able to purchase avatars involving some popular moments in baseball history. Those avatars can then be sold or traded, and users can earn rewards.

According to a report from Yahoo Finance, MLB had been looking to create a crypto-based game for quite some time, and the success of CryptoKitties validated the ideas the company already had.

Developers aren’t only targeting people who are already involved in the crypto scene either. They’re looking to build a game that is easy to understand and use for the masses of people who don’t know what the blockchain or ethereum are. Still, developers say there will be a learning curve, and the game will roll out in stages to help new players get accustomed to the concept.
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Korean cryptocurrency conference in October
It has been reported this week by the Singaporean news outlet, The Straits Times, that North Korea is finally entering the blockchain affray by hosting an international cryptocurrency conference for the first time that plans to showcase industry leaders from around the world.

This cryptocurrency event will be called the Korean International Blockchain Conference and will take place on the 1-3 October 2018. The event will be held in North Korea’s capital city, Pyongyang, and will aim to raise blockchain awareness across the nation and also to introduce blockchain advancements and technology to Korea.

A major part of the event will also be to attract investors to new Korean blockchain projects. Those attending the event will get to meet with business officials from North Korea to network and explore the possibilities of crypto businesses and adoption across the nation.

This inaugural cryptocurrency conference is not the first time that North Korea has shown interest in blockchain and crypto, as it attempted to develop its crypto mining options in 2017. In research compiled by the Korea Development Bank (KDB), it was reported that North Korea attempted to mine crypto between May and June 2017, but for undisclosed reasons was unsuccessful.

At around the same time, it was also reported that a tech firm from North Korea called Chosun Expo was in the early stages of developing a crypto exchange, which never came to fruition. As Korea’s relationships with international nations are still a bit strained, nobody at this point is quite sure if it can attract key speakers and industry professionals for the first-ever cryptocurrency conference to be held in Korea.


True & Honest Fan
Bitcoin Predicted To Be The Nail In The Coffin Of Climate Change

Bitcoin alone could push global temperatures over the 2ºC catastrophic threshold by 2034 if the cryptocurrency gets adopted at the same pace as other broadly used technologies, says a new report in the journal Nature Climate Change.You’re forgiven if you aren’t familiar with a digital currency that could single-handedly devastate the planet.


The Yellow Rose of Victoria, Texas
True & Honest Fan
Bitcoin Predicted To Be The Nail In The Coffin Of Climate Change

Bitcoin alone could push global temperatures over the 2ºC catastrophic threshold by 2034 if the cryptocurrency gets adopted at the same pace as other broadly used technologies, says a new report in the journal Nature Climate Change.You’re forgiven if you aren’t familiar with a digital currency that could single-handedly devastate the planet.
Brianna Wu predicted this