Obelisk Team Re-brands to Foundation Devices (FD), Forks Coldcard Wallet to the Passport Pre-order — And is Funded by Inflection, associated with Erik Voorhees (Who Owns Keepkey).

From an Obelisk to a Pyramid…

During the 2017 bull run, people had a lot of spare money to throw around. ICO’s were the popular outlet for newly green crypto gamblers and many lost their shirts to these pump and dump scams.

But another less known scam of a sort proliferated the crypto space during this time.

Failed crypto hardware projects.

These were often pre-orders for mining hardware that over-promised on performance and shipping times, but in reality, failed to deliver by a civil-suit margin.

One example of such a hardware scheme was Squirrel Research Labs, as initially promoted by Kristy-Leigh Minehan, aka OmgAGirl. …

Some interesting HUT8 stock stuff happened recently and it’s coinciding with the announcement that HUT8’s co-founding CEO, Andrew Kiguel, is stepping down soon once the board finds a new CEO.

The following is some commentary from an outsider’s perspective. Full disclosure, I am a stockholder of this company, but I have no internal knowledge of what’s happening behind the scenes… But I do pay attention to the details of this company and read their filings and news releases closely.

In addition to this news of the CEO “stepping down”, the Board is also choosing to end their exclusivity deal with…

I’m going to try and keep this as short and sweet as possible. For starters, some of you may remember Part I of this epic saga, where I made a Bitcoin piggy bank to celebrate the birth of my niece three years ago.

My Nieces Bitcoin Piggy Bank From Part I

You can see the post on this here. For the past three years, my niece has been a Bitcoin hodler of last resort, and hodl’s more cryptocurrency then most of her family. Funnily enough, since she received this gift in 2016 she also has all the Bitcoin forked coins too.

Part II of this saga is a…

A Bitcoiners Guide To the Galaxy of Worth-less Fiat

These are just some thoughts I had as a Bitcoiner to go along with Ray Dalio’s thesis “The World Has Gone Mad and the System Is Broken.”

None of what is said should be news to anyone, but could resonate for those who understand. He who has ears to hear etc.

My comments are in standard text, while Ray Dalio’s Thesis is in italics.

I say these things because:

  • Money is free for those who are creditworthy because the investors who are giving it to them are willing to get back less than they give.

Free fiat money is abundant…

Over the past few weeks several Canadian Bitcoiner’s have reported being the victims of etransfer fraud/claw-backs when transacting on locabitcoins.com. This seems to be primarily an issue for those selling their Bitcoin on localbitcoins. Buyer’s of Bitcoin appear to be unaffected by this scam currently.

This is how the scam occurs. A buyer on the platform will advertise a much higher price for buying Bitcoin on his profile then the market rate. This is to attract Bitcoin sellers and victims. …

If you’ve never heard of Muskrat Falls, strap in. We’re going into the boonies of Atlantic Canada. Specifically, Newfoundland and Labrador.

Muskrat Falls has so many red flags that it’s tough to know where to start. Basically, the province of Newfoundland and Labrador chained itself to an 12.7-Billion-Canadian-dollar hydro electric damn project that has no chance of paying for itself.

As a result, consumer energy prices for the residents of the province are set to double in the year 2020. This will help pay for servicing the debt on the project, but barely.

As a result, the entire provinces credit…

I love the crypto space for days like today (July 29th, 2019). I’m just going to go through the day as a simple point by point timeline to save all of us a headache. There is no TL:DR, you need to read it all folks. Context matters.

1. At around 7:20AM EST I woke up to find that Kraken Futures were about to go down for maintenance. This is always a red flag in my book, when a platform goes down for maintenance it means PAY ATTENTION. …

🐤 Canary in the Decred hash mine: Part I

TLDR: There’s a 47% chance that Decred is an investment contract and trades like a security when we test it against the new proposed SEC Howe Crypto Framework.

I’ll start off by saying, this is not a noob friendly article. It assumes you know a lot about crypto, SEC crypto regulation news, and the Decred project.

Disclaimer: This is an armchair thought experiment. Please take it with a mountain of salt. If I get something wrong, let me know in a comment. …

Warning: This article is not noob friendly. It assumes you already know about Decred and it’s hybrid PoS & PoW consensus mechanism, as well as the nature of double spend attacks, otherwise known as 51% attacks.

This article tries to answer the following questions:

1. Is Decred’s Hybrid Proof of Work & Proof of Stake consensus mechanism more resistant to a double spend attack (often called a 51% attack) than Bitcoin’s Proof of Work consensus mechanism?

2. How about when compared on an equal playing field?

3. And if hybrid PoW & PoS is superior in this regard, by how…

The Fungibility Monster Under Bitcoins Bed Just Went Bump
Donald Trump, An Indictment, Russian Government Hackers (allegedly) and Bitcoins Fungibility are all in the mix, so this is going to be a fun exploration.

Recommendation: Skip to the bottom of this article for a TL:DR point by point analysis, then come back to the top to read through the article

The Background:
I’m going to try and get right to the point here and disregard the fluff. …

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