Shitcoin.com Newsletter #10 (September 21st, 2018)

Happy Friday Shitcoiners,

In recent news SpaceX announced Yusaku Maezawa as the first moon passenger. His plan? Bring along some of the world’s greatest artists to participate in an art project like no other.

Elon, we know you like a little spice like we do (we saw you smoke that blunt on Joe Rogan), our only request is that you push Mr Maezawa to bring along a meme artist or two.

Speaking of which, ActualAdvice BTC chimed in with an alternative to the SpaceX voyage if:

a) You die before 2023.
b) SpaceX don’t accept Bitcoin and all you have are blockchain tokens.

If you sit in the B camp and don’t touch fiat ever. You probably have a lot in common with our next guest.

We don’t know about you, but we think Shitcoin.com CEO hit the nail on the head with this response.

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Jihan “fuck your mother if you want fuck” Wu swings his dick

He is a fountain of spice these days. In recent times Jihan has really found his voice on Twitter. He’s not holding back.

The increased social media presence from one of our favourite Chinese billionaires is probably due to all of the Bitmain FUD circulating lately. For some in the space, the numbers don’t add up.

The Bitmain coffers must not be empty just yet if Jihan can afford consultants.

Oh… and in very recent news, Bitmain flexed a little more at the recent World Digital Mining Summit in Georgia.

Well played, Jihan.

BTC bug causes a stir

After Bitcoin Cash fixed up a harmful bug just over a month ago, Bitcoin Core has been hit with one too. Reports suggest that in the event of a chainsplit, transactions that have yet to be confirmed 200 times run the risk of being reversed.

Ouch.

Our go-to Bitcoin Core developer jumped in with his two cents, stating that disclosing was a little early on this one.

Cobra, as usual, disagreed and opened up an interesting back and forth.

Notice Luke’s mention of Bitmain above. We wonder how much of the BTC community is thinking this is a prime opportunity for Jihan to conspire with Sminem and the Bogdanoff twins?

Anyway, enough of the conspiracy theories, let’s get back to Bitcoin Unlimited Chief Scientist, Peter R. Rizun with a little history for you.

One of these newsletters would not be complete though without some commentary from the cutest magical crypto lion in the world. When he’s not posting drivel about Bitmain, he’s bringing #Bcash into it.

Did you miss last week’s newsletter? Visit the Shitcoin.com Newsletter Archive and catch up!

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The state want control (and your money)

Crypto exchanges had a rough time of it over the last few days. Back in April the New York Attorney General’s office reached out to major exchanges to asking them to disclose information on the following six topics:

Ownership and Control
Basic Operation and Fees
Trading Policies and Procedures
Outages and Other Suspensions of Trading
Internal Controls
Privacy and Money Laundering

The NY AG has come in hard (shock horror).

Out of the 13 exchanges who were asked to respond, Jesse Powell’s Kraken (along with Binance and Gate.io) did not.

He had a great metaphor to share.

The US is one of the most unforgiving nation in the world when it comes to taxes. Case and point below.

Speaking of the state pushing to gain control over crypto, here is an example of what many in the space would say we should not be striving for. Bad times for PAX.

Vinny posing the important questions

With Bitcoin bouncing around in the $6,000’s Vinny Lingham jumped in with a thought provoking conundrum.

In typical Lopp fashion, here he is!

With the financials in mind, remember that weed ICO that The Game was shilling?

They raised a pretty hefty amount of capital back in October last year with the IOTA founding team pushing it hard.

It has categorically failed though. Case and point below.

On the topic of IOTA, check out Andreas’ review of it here.

It’s no lie that there have been endless examples scammers and frauds in the crypto space.

One interesting take from the game-theory specialist, Paul Sztorc is that Bitcoin is an easy way for the average to appear, well, not average.

And to end this week’s newsletter on a lighter note let’s give Erik Vorhees something to smile about for once.

Despite Shapeshift going through some issues, their careers page still makes working there look dope.

And there you have it.

Remember, need 100x leverage? Use Andreas’ referral link on BitMEX.

Till next time Shitcoiners!

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