Attack of the 50 Foot Blockchain
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Digital Gold by Nathaniel Popper, chapter 31, notes leading lights of Bitcoin expressing this precise worry at the Bitcoin Pacifica conference in 2014: “For the sake of Bitcoin as a whole, there were many who worried that the consumers who were buying things online through Bitpay were pushing the price of Bitcoin down; generally when online retailers accepted Bitcoins they immediately sold them off for dollars, creating a downward pressure on the overall price.”
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The_Mastor. “I tried to order a deck of Cards Against Humanity using Bitcoins but was surprised by this negative response. What do you guys think?” Reddit /r/bitcoin, 30 July 2013.
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Max Temkin. “‘They just prefer the imaginary debt-based money their slavemasters issue via the central banks.’ Yes I use it to buy groceries.” Twitter, 30 July 2013. (archive)
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“Hi Max! In what way do you believe Bitcoin to be an ‘imaginary currency’”. Maxistentialism (blog), 30 July 2013. (archive)
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Henry Belot. “How many people actually use bitcoin in Canberra?” Canberra Times, 3 September 2014.
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Grace Caffyn. “WordPress: We Haven’t Given Up on Bitcoin”. CoinDesk, 25 February 2015.
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Andrea Wood. “Bitcoin Donations to Mozilla: 17 Days In”. Mozilla: View Source Fundraising (blog), 8 December 2014. (archive)
[←223]
Nuno Menezes. “Mozilla Study Shows Bitcoin has Negative Impact on Donations”. Bitcoinist, 20 August 2015. (archive)
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David Gerard. “Wikimedia did rather better with bitcoin than Mozilla: ~$140k in the first week, ~$80k since for a total of ~$220k so far in the year we’ve accepted it”. Reddit /r/buttcoin, 7 August 2015. (I asked the Wikimedia fundraising department and posted the answer to Reddit.)
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mwalker. “Re: [Wikimedia-l] Let’s accept Bitcoin as a donation method”. wikimedia-l mailing list, 8 January 2014.
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Shawn Knight. “Overstock does nearly $1 million in Bitcoin sales in first month”. TechSpot, 21 February 2014.
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Hal M. Bundrick. “Overstock: Bitcoin Sales ‘Disappointing’ but ‘Nobody’s Complaining’”. Inside Bitcoins, 16 December 2014. (archive)
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Pete Rizzo. “Overstock Reports Over $100k in Crypto Losses for Q1 2015”. CoinDesk, 24 June 2015.
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Whollyhemp. Comment on “I work for a large sports nutrition company, I’m trying to help them implement a bitcoin pay option. Do you think it’ll show short term usage?” Reddit /r/bitcoin, 9 April 2015.
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Whollyhemp. Comment on “Payment processors need to offer consumer friendly exchange rates if they want people to buy things with bitcoin”. Reddit /r/bitcoin, 5 April 2015.
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Whollyhemp. “This is why you don’t anger Bitcoiners”. Reddit /r/buttcoin, 1 May 2015.
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Whollyhemp. Comment on “/u/jstolfi goes the way of whollyhemp after death threats from scientologists”. Reddit /r/buttcoin, 20 September 2015.
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Pete Rizzo. “Bitcoin Continues March to Mainstream at St Petersburg Bowl Game”. CoinDesk, 27 December 2014.
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Kevin Collier. “The real high-stakes game waged at the Bitcoin Bowl”. The Kernel, 11 January 2015.
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Pete Rizzo. “Bitcoin Bowl Merchants See Tech’s Big Picture, But Few Sales”. CoinDesk, 2 January 2015.
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Kevin Collier. “The great Bitcoin experiment that failed”. Daily Dot, 2 January 2016.
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Linux User & Developer, a 2007 issue I’ve yet to track down (and Steve doesn’t have).
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sde1000. btcmerch. github.io.
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Garrick Hileman. “State of Bitcoin and Blockchain 2016: Blockchain Hits Critical Mass”. CoinDesk, 28 January 2016. “Chinese yuan denominated trading represented 95% of total exchange volume.”
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“How do I verify a US bank account?” Coinbase Support. (archive)
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Lauren Razavi. “The Struggle Between Bitcoin Traders and British Banks”. Motherboard, 13 January 2015.
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Paul Smith. “ACCC investigating banks’ closure of bitcoin companies’ accounts”. Australian Financial Review, 19 October 2015.
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Charles Bovaird. “On High Seas of Bitcoin Trading, Whales Still Make Waves”. CoinDesk, 14 September 2016.
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J. P. Buntinx. “GDAX Bitcoin Price Briefly Crashes to US$0.06 after System Maintenance”. NewsBTC, 16 April 2017. (archive)
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“Bitcoin bots bought millions in the last days of Mt Gox”. The Guardian, 29 May 2014.
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Bobby Lee. “Reminder: Chinese bitcoin spot exchanges OKCoin and Huobi are faking a majority of their trading volume”. Bitcoin Futures Guide (blog), 28 March 2016. (archive)
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Justina Lee and Emma Dai. “Bitcoin Extends Loss After China’s Central Bank Warns Investors”. Bloomberg, 9 January 2017.
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Jorge Stolfi. “Trading volume at the main Chinese exchanges steadily dropping for the last 10 days. Should be zero tomorrow”. Reddit /r/buttcoin, 17 January 2017.
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“China Bitcoin Exchanges Halt Withdrawals After PBOC Talks”. Bloomberg, 10 February 2017.
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“Nigerians, Everything you need to know about the MMM Bitcoin scam”. Nigeria Today, 19 October 2016. (archive)
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e.g., CoinDesk’s Bitcoin Price Index.
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Cryptowatch. https://cryptowat.ch/
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David Shares. “New details emerge about Bitfinex’s history amid hacking probe”. Bitcoin.com, August 3, 2016. (archive)
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elux. Comment on “[Daily Discussion] Sunday, October 04, 2015”. Reddit /r/bitcoinmarkets, 4 October 2015.
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“Bitfinex Completes AlphaPoint Integration”. AlphaPoint (press release), 28 April 2015.
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elux. Comment on “[Daily Discussion] Sunday, October 04, 2015”. Reddit /r/bitcoinmarkets, 4 October 2015.
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Using Pay-to-Script Hash, which is part of Bitcoin. How it works at BitGo: Mike Belshe. “P2SH Safe Address”. BitGo.
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Lulu Yilun Chen, Yuji Nakamura. “Hacked Bitcoin Exchange Says Users May Share $68 Million Loss”. Bloomberg, 5 August 2016.
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“Bitfinex Interim Update”. Bitfinex blog, 6 August 2016. (archive)
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Edmundedgar. Comment on “Bitfinex and Wells Fargo: what did Bitfinex know and when did they know it?” Reddit /r/buttcoin, 15 May 2017.
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“BFX Token Terms”. Bitfinex, August 2016. (archive)
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“BFX Margin Trading Is Live”. Bitfinex blog, 31 August 2016. (archive)
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“BFX token to iFinex equity conversion update”. Bitfinex blog, 24 September 2016. (archive)
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“Bitfinex Recovery Right Tokens”. Bitfinex blog, 11 October 2016. (archive)
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“RRT Exchange Trading Enabled”. Bitfinex blog, 11 October 2016. (archive)
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Zane Tackett. “Bitfinex: Update Regarding Security Audit, Financial Audit, And More”. Reddit /r/bitcoinmarkets, 17 August 2016.
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“Interim update”. Bitfinex blog, 17 August 2016, as updated 4 May 2017. (archive)
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Giancarlo Devasini. “Message to the individual responsible for the Bitfi
nex security incident of August 2, 2016”. Bitfinex blog, 21 October 2016. (archive)
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Andrew Quentson. “Bitfinex’s Hacked Bitcoins Are on the Move; 5% Recovery Bounty Offered”. CryptoCoinsNews, 27 January 2017. (archive)
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“100% Redemption of Outstanding BFX Tokens”. Bitfinex Announcements, 3 April 2017. (archive)
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Yuji Nakamura. “Inside Bitfinex’s Comeback From a $69 Million Bitcoin Heist”. Bloomberg, 17 May 2017.
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“USD Withdrawals Update”. Bitfinex Announcements, 12 May 2017. (archive)
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“Phil Potter ‘Solved’ Banking Problems in the past by ‘Shifting’ Corporate entities w/ new accounts.” Excerpt from 7-hour Whalepool.io stream of 24 April 2017, now deleted.
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iFinex Inc., BFXNA Inc., BFXWW Inc., and Tether Limited vs. Wells Fargo and Company, Wells Fargo Bank, N.A. U.S. District Court, Northern District of California, No. 17 Civ. 1882.
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Stan Higgins. “Bitfinex Withdraws Lawsuit Against Wells Fargo”. CoinDesk, 12 April 2017.
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Mark Karpelès. Comment on “Mark Karpelès offers counsel and consolation to his spiritual brethren at Bitfinex”. Reddit /r/buttcoin, 9 April 2017. (archive)
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“Pausing Wire Deposits to Bitfinex”. Bitfinex Announcements, 17 April 2017. (archive)
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“Outflows to Customers”. Bitfinex Announcements, 20 April 2017. (archive)
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CoinDesk price.
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Voogru. Comment on “[Daily Discussion] Tuesday, May 23, 2017”. Reddit /r/bitcoinmarkets, 23 May 2017. (archive)
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Joseph Young. “South Korean Bitcoin Exchange Suffers $5 Million Hack, Issues Bitfinex-Like Tokens”. CryptoCoinsNews, 28 April 2017.
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Unclescrooge. “[shame thread]The sorry and thank you Pirateat40 thread”. Bitcointalk.org Bitcoin Forum > Economy > Marketplace > Lending > Long-term offers, 17 August 2012. (archive)
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Unclescrooge. “Unclescrooge 1-week deposit program at 2%/week”. Bitcointalk.org Bitcoin Forum > Economy > Marketplace > Lending > Long-term offers, 13 September 2012. (quoted, archive)
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Andrew Quentson. “Bitfinex’s Founder Seemingly Tried to Start a Ponzi Scheme”. Cryptocoins News, 8 June 2016. (archive)
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http://folding.stanford.edu/
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“DafuqCoin, the first malware coin.” Cryptocurrency Times (blog), 4 May 2014. (archive)
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The code that injects the rootkit is jawdroppingly blatant and worth reading. Richiela. “READ ME NOW! – dafuqcoin is a trojan – pool operators/exchanges beware”. Bitcointalk.org Bitcoin Forum > Alternate cryptocurrencies > Altcoin Discussion, 22 April 2014. (archive)
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Wikipedia: Doge (meme).
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Clay Michael Gillespie. “Dogecoin Leaders Present Evidence that CEO of Troubled Bitcoin Exchange Moolah Is Long-Time Scammer”. CryptoCoinsNews, 16 October 2014. (archive)
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Duncan Riley. “Mintpal scammer Ryan Kennedy arrested in U.K. over theft of 3,700 Bitcoins”. SiliconAngle, 23 February 2015.
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“Ryan Kennedy convicted of three counts of rape against three women”. Crown Prosecution Service (press release), 26 May 2016.
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“Man charged with fraud and money-laundering”. Avon and Somerset Constabulary (press release), 29 June 2017.
[←293]
Joseph Frusetta (sporadicallyjoe). “DogecoinOnTheMoon: We’re going to reach the lunar surface next year!” Reddit /r/dogecoin, 3 August 2016.
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Mohland. “[Important] I’m taking dogetipbot to a server farm upstate”. Reddit /r/dogecoin, 8 May 2017. (archive)
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Vitalik Buterin. “Dagger-Hashimoto”.
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“Ethash Design Rationale”. Ethereum Wiki, 21 March 2015.
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e.g., Oimie. “Bought too many Gpus – Delimma”. Reddit r/ethermining, 24 June 2017. (archive)
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“Ethereum Average BlockSize Chart”. Etherscan.io.
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“Ethereum Uncle Count And Rewards Chart”. Etherscan.io.
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1 “gas” is 0.00001 ETH. Transaction throughput will be gas limit divided by block time, divided by 21,000 for a single transaction. The gas limit is variable, but is currently around 4,7000,000. So 4,700,000/16 seconds/21,000 = 13.99 transactions per second.
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“Ethereum Transaction Chart”. Etherscan.io.
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Joseph Young. “Ethereum Launches; But Leaked Chat Says Project Needs ‘Years More’”. CoinTelegraph, 1 August 2015. (archive)
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e.g., Vlad Zamfir. “About my tweet from yesterday …” 5 March 2017. (archive)
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“Vitalik’s Quantum Quest”. Bitcoin Error Log (blog), 16 August 2016. (archive)
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Jordan Ash. “Why Turing Machines are Quantum.” Noospheer (blog), 4 September 2013. “If successful, it will have applications ranging from cryptography to finance, energy, medical care and beyond.” (archive)
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O(sqrt(N)) rather than O(N), per Grover’s algorithm. Which is a pretty good speedup for as long as nobody else knows you have a quantum computer.
[←307]
Vitalik Buterin. Comment on “Why does Greg Maxwell and many others from Bitcoin Core not respect Vitalik?” Reddit /r/btc, 16 August 2016. (archive)
[←308]
Amy Castor. “Ethereum ‘Tokens’ Are All the Rage. But What Are They Anyway?” CoinDesk, 17 June 2017.
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DigixDAO.
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“Crowdfunding Whitepaper”. The Golem Project, November 2016.
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Alyssa Hertig. “ICO Insanity? $300 Million Gnosis Valuation Sparks Market Reaction”. CoinDesk, 25 April 2017.
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A survey of the top 8 ICOs at the time: Lyle Cantor. “A Tour of the Ethereum Token Bubble”. 18 June 2017. (archive)
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e.g., Emin Gün Sirer, Phil Daian. “Bancor Is Flawed”. Hacking, Distributed (blog), 19 June 2017.
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“SNT Creation and Status Project Creation Conditions: Explanatory Note & Governance Terms”. status.im. (archive)
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Edan Yago. “Ads on Taxis – Is EOS.io the PETS.com of ICO?” Twitter, 11 July 2017.
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“EOS.IO Technical White Paper”. EOS.IO. (archive)
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Red Li. “EOS Triples in 2 Days, Making Yunbi Top Tier Exchange With Over 230k BTC Volume”. 8BTC, 3 July 2017.
[←318]
“Frequently Asked Questions”. EOS.IO. (archive)
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“EOS Token Purchase Agreement”. EOS.IO. (archive)
[←320]
CoinHoarder. “EOS – Asynchronous Smart Contract Platform - (Dan Larimer of Bitshares/Steem)”. Bitcointalk.org Bitcoin Forum > Alternate cryptocurrencies > Altcoin Discussion, 6 May 2017. (archive)
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“Decentralized content publishing”. press.one.
[←322]
Red Li. “Exchanges Alerts ICO Scams and Illegal Fundraising in China Punishable by Death”. 8BTC, 26 June 2017.
[←323]
Cindy23. “ICO Investors Lose All Their Money When Reads a Whitepaper Encoded with Viruses”. 8BTC, 30 June 2017.
[←324]
Stan Higgins. “ICO Blues: Status Raises $64 Million (So Far) But Leaves Buyers Waiting”. CoinDesk, 20 June 2017.
[←325]
Charles Mackay, Memoirs of Extraordinary Popular Delusions and the Madness of Crowds, chapter 2. “The South-Sea Bubble”.
[←326]
https://ponzico.win/
[←327]
Josh Cincinnati. “PonzICO: Let’s Just Cut To The Chase”. 12 May 2017.
[←328]
“Ethereum Account 0x1ce7986760ade2bf0f322f5ef39ce0de3bd0c82b Info”. Etherscan.io.
[←329]
Nick Szabo. “Smart Contracts”. 1994. (archive)
[←330]
Nick Szabo. “Towards a digital and private common law”. Unenumerated (blog), 13 May 2007.
[←331]
e.g., Samar Warsi. “This Company Wants to Give You a Divorce on the Blockchain”. Motherboard, 30 May 2017.
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An extreme example: Akin Fernandez. “Are you a Bitcoin denialist?” The Finanser (blog), 18 September 2016. (archive)
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