There’s a hot new alt-coin on the market and it’s gearing up to set the bitcoin world on fire, finally pushing it to the mainstream!
This amazing new coin is called Lolicoin. Wait, what the fuck?
oh god oh GOD OH GOD!
Hopefully the community is against this.
Phew! Looks like this will be dead on arrival…
The Department of Homeland security has just blocked the most popular payment processor, Dwolla, from doing any more business with Mt. Gox. No word yet on why this was done (rumor is it’s due to recent Coinlab action) but as of now it’s becoming more difficult and more expensive to move USD in or out of Mt. Gox.
As of 12:13 PM on 5/14/2013:
Wired got sent a bitcoin miner from Butterfly Labs and they put it through it’s paces. Wired then decided to setup the most boring “Let’s Play” and start livestreaming the thing just hashing away, a mind numbing endless stream of random numbers on a screen.
Since Wired is a journalistic entity and it would probably be very unethical to profit off the mining of a free review unit sent by a company, Wired decided to destroy the keys to the wallet file used to store the bitcoins.
But in the end, the answer was obvious. The world
Wired got to be one of the lucky few to actually get a Butterfly Labs miner. Hey, you gotta perpetuate the scam somehow!
Here’s what they had to say:
Wired has taken possession of a 5-Gigahash per second Bitcoin Miner, built by Butterfly Labs
Meet Patrick O’Rourke
He’s a tech “journalist” for Canada.com. I write “journalist” in quotations because it’s obvious he’s just a shill for the Fed, trying to spread FUD about the revolution known as Bitcoin.
You see, what our little narc friend here did was write a hit piece on bitcoins. A hit piece so scathing, so scandalous that it got Reddit in a a full on panty twist. Clocking in at a massive 250 words, this piece of filth got so much sand in Reddit’s collective vagina that they set out to destroy this very handsome and very very attractive man’s young career.
In an interview with Bloomberg TV, former U.S. Rep. Ron Paul (R-TX) said that he is concerned about the
A group of hackers is planning on a massive campaign to drop the price of Bitcoins for fun and profit.
According to a pastebin post, hackers are planning to unleash “Operation Shock and Awe”, a campaign to distribute negative news articles in conjunction with a massive sell-off and DDoS campaign on all bitcoin exchanges except one. Using this one remaining exchange, the plan is to buy up remaining coins for cheap, cheap, cheap and then profit when it goes up.
From the post:
- 15:30-15:45 UTC – Spread bogus AP press releases to 50+ national US and British media outlets and 100+ local outlets indicating exchange site Mt. Gox under investigation by Japnese government for securities fraud, with seizure and asset freeze soon
- 15:45-16:00 UTC – After initial publication of bogus AP press releases, spam story on reddit and upvote with sock accounts, spread panic in comments using sock accounts
- 16:00 UTC – Several sellers lined up for a coordinated dump of 250,000+ BTC which will crash the price to under 100 to correlate in time with publication of bogus AP reports
- 16:10 UTC – Massive coordinated http packet flood (distributed F5) from botnet of 1,000,000+ compromised machines on the following sites:
- – https://www.mtgox.com
- – https://btc-e.com
- – https://www.coinbase.com
- – https://www.bitpay.com
- – https://www.bitinstant.com
- – https://www.bitcoitalk.org
- – http://s2.bitcoinity.org
- – http://bitcoinium.com/
- – http://bitcoincharts.com/
- 16:30 – 17:00 UTC – During the ddos, buy only from Bitstamp which will not be included in the ddos but was included in the coordinated dump.
- 17:00 UTC – Stop ddos, buy as much cheap bitcoin from MTGOX as possible as quickly as you can
- 17:00 or later – Bogus AP reports will be corrected / debunked as hoax, price will rebound
- Potential profit 200-300%
These sound like scary dudes, I think we should be very afraid.