Cryptocurrency (and related fuckery)

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Face Palm GIF

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tears-cry

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And because It seems like a parody, I am adding this. It’s not

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Cyberpunk 2022.

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Kosovo, West Virginia.

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Wayne Knight Laughing GIF

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Crypto Dev Says He’s Spending $500,000 on a Statue of Elon Musk’s Head on a Goat’s Body

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Stay classy.

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Bitcoin ‘inventor’ will face forgery claims over his Satoshi Nakamoto proof, rules High Court

A man who claims to be the secret inventor of Bitcoin has failed in a legal bid to throw out a High Court lawsuit saying he’s talking tosh – and will be accused of forging proof he is Satoshi Nakamoto.

Craig Wright (for it is he) did not succeed in his attempt to have parts of the Crypto Open Patent Alliance (COPA)'s case against him struck out, meaning the lawsuit (which basically calls him a liar for saying he is the pseudonymous Bitcoin creator) will go ahead in full.

[…]

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Cross post in climate

18%

“ The curtain just lifted on one of the many mysteries surrounding Bitcoin: How much is being produced using super-dirty coal in Kazakhstan. We knew that the Eurasian nation was a major destination for miners, and that the refugees recently expelled from China were flocking there. Still, it was difficult to establish how much of all the world’s coins Kazakhstan was minting. Clouding the picture was the government’s recent moves to severely restrict the mining boom that was plaguing its cities via rolling blackouts.

On January 5, the world got at least a rough answer. Violent protests erupted over the soaring cost of fuel and the nation’s autocratic rule. President Kassym-Jomart Tokayev sacked his government and declared a state of emergency. Apparently on his orders, the largest telecom provider shuttered the internet to interrupt communications among the opposition’s ranks. When the web goes down, miners can’t communicate with the Bitcoin network. The “hash rate,” the random codes that win fresh awards of Bitcoin, collapses. A few hours into the outage, Larry Cermak of the crypto news and research site The Block tweeted that a full 12% of Bitcoin’s worldwide computational power had vanished. His data showed sharp declines for a number of producers with operations in Kazakhstan. The hash rates for AntPool, Poolin and Binance Pool all fell between 12% and 16%.”

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a full 12% of Bitcoin’s worldwide computational power had vanished

And from a nation with such a rigorous financial system and high standards for AML… :thinking: /s

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