Jan. 13 marked an important milestone for Bitcoin when 16.8 million bitcoins (BTC), or 80 percent of the entire Bitcoin supply, were mined. This means only 4.2 million bitcoins, or 20 percent, are left to mine until Bitcoin’s 21 million supply cap is reached.
BTC contains the 21 mln cap built into its protocol by Satoshi Nakamoto, first mentioned in their 2008 White Paper, as a way to introduce digital scarcity to cryptocurrency. With such a cap in place, the more bitcoins are mined, the more scarcity is produced on the market.
Scarcity arguably creates demand, which in turns makes the coins more valuable. Once 21 million bitcoins have been mined, it will become even harder to obtain them, also potentially making each coin more valuable.
Miners currently receive a 12.5 BTC reward for every block that they mine, but Nakamoto’s protocol also requires that the mining reward is halved every 210,000 blocks, or approximately four years. The next miner halving will take place within two years, approximately in early June 2020 depending on hashrate, bringing the rewards down to 6.25 BTC per mined block.
Not every digital currency is mineable like BTC. Some cryptocurrencies are created with the entire supply released all at once, in which case the total supply is either held or in circulation and there is no way to “mine” or mint new coins.
Skeptics have proposed that it is theoretically possible to increase Bitcoin’s 21 million capped supply of Bitcoin via a 51 percent or a Sybil attack, but so far neither of these manipulations has proven feasible in the case of BTC.
Just when you thought it was safe to send dick pics over Twitter DM, Project Veritas is here to rain on your parade…
In today’s third installment of James O’Keefe’s undercover sting on the social media giant, Project Veritas operatives once again slink their way into the circle of trust, offering loose-lipped nerds validation in exchange for devastating corporate secrets… such as the fact that Twitter employs 300-400 people to review your “private” direct messages so they can better market to you.
Per the exchange below, Clay Haynes, who was featured in part one of the Twitter exposé, admitted in a January 6, 2018 meeting that Twitter has hired hundreds employees with the express purpose of looking at these “d*ck pics,” stating:
“There’s teams dedicated to it. I mean, we’re talking, we’re talking three or four… at least, three or four hundred people… Yes, they’re paid to look at d*ck pics.”
“I’ve seen way more penises than I’ve ever wanted to see in my life.”
“That’s, yeah… You know, actually… This sounds horrible, but I’m actually glad and fortunate it’s just dicks, it’s just blow job pictures, it’s just that type of stuff.”
Next, O’Keefe stings Pranay Singh – a “Direct Messaging” engineer for Twitter, who echoed Haynes’ claims and even joked about using private messages for blackmail:
“Everything you send is stored on my server… So all your sex messages and you, like, d*ck pics are on my server now…”
“All your illegitimate wives and, like, all the girls you’ve been f*cking around with, they’re are on my server now… I’m going to send it to your wife, she’s going use it in your divorce.”
“So, what happens is like, you like, write something or post pictures on line, they never go away… Because even after you send them, people are like analyzing them, to see what you are interested in, to see what you are talking about. And they sell that data.”
BREAKING: HUNDREDS of Twitter Employees Paid to View "Everything You Post Online" Including Private "Sex Messages"
Singh continues, “So what happens is, like, when you, like, write stuff of when you post pictures online, they never go away. Like, they’re always on there. Even after you send them, people are analyzing them, to see what you’re interested in, to see what you’re talking about, and they sell that data.”
PV Journalist: “Wait, you’re talking about just regular tweets or the DMs? Or both?”
Twitter Engineer: “Everything. Anything you post online…”
Selasar atap Tower II Bursa Efek Indonesia (BEI), Senayan, Jakarta, roboh pada 15/1/2018 pukul 12.10 Wib. Puing menimpa sejumlah orang yang berada di bawahnya. Beberapa korban luka dirawat di RS Mintoharjo, RSPP dan MRCCC. #BreakingNews#ElshintaHotNews # pic.twitter.com/1Qy2ElRQz6
According to Nick Owen, Indonesia correspondent for The Economist, “The stock exchange is one of Jakarta’s most modern buildings, hosting offices of World Bank and others. Not where one would expect such a disaster to occur.”
The stock exchange is one of Jakarta’s most modern buildings, hosting offices of World Bank and others. Not where one would expect such a disaster to occur https://t.co/IG61tU0GxU
According to Bloomberg, “The stock exchange complex is composed of two 32-floor towers, with the intact Tower 1 completed in 1994 and the damaged Tower 2 in 1998, according to the developer Sudirman Central Business District’s website. The building also houses the World Bank’s local office, according to the bourse’s website. The exchange switched to automated trading in May 1995, clearing the trading floor of brokers. President Joko Widodo visited the exchange on the last trading day of 2017, his third visit in 6 months.”
In September 2000, the building was attacked in a suicide bombing by Islamic militants, however a bomb has been ruled out in yesterday’s collapse. The stock exchange said it would continue trading as normal “without significant change to the trading schedule.”
The fifth-largest cryptocurrency exchange, Kraken, is back online after a scheduled two-hour maintenance wiped out the network for two days – effectively freezing the assets of users unable to access their accounts or withdraw funds. While trading has resumed, withdrawals were disabled “for a minimum of 12 hours” as Kraken monitors their restored network for anomalies. Status updates can be found here.
We apologize for the uncertainty our downtime has caused. The scheduled downtime was to replace our old trading engine with a brand new trading engine – an improvement that customers have long asked for and that we have long been working hard on. –Kraken
According to Cointelegraph’s David Dinkins, “Kraken has arguably suffered the most problems of all major exchanges. Users, including myself, have experienced multiple connection errors and extraordinary difficulties placing and cancelling orders. It’s sometimes necessary to refresh Kraken’s page 10-15 times before being able to execute an action. Numerous users have complained that Kraken posted their orders multiple times (after telling them their order failed initially), in some cases costing them thousands of dollars.”
Kraken’s unexpected downtime hit amid Cryptocurrency gyrations after South Korea – which accounts for approximately 20 percent of global bitcoin transactions – announced that it was preparing legislation to close the country’s online exchanges due to rampant speculation in digital currencies. South Korean authorities raided several of the country’s largest cryptocurrency exchanges – Coinone and Bithumb.
An official at Coinone said that National Tax Service investigators had paid a sudden visit, while an employee at Bithumb said the company was asked to disclose paperwork. The Coinone official added that the exchange has been under scrutiny since last year by local police who “think what we do is gambling.” –QZ.com
According to Coindesk, the public backlash against the proposed move appears to be accelerating. On the Korean president’s Blue House website, more than 4,000 petitions have been filed related to “virtual currencies” since Jan. 10.
One petition asking the Minister of Justice to step down in light of the move received more than 30,000 signatures on its own. According to Reuters, one petition alone has attracted more than 100,000 signatures and the website itself became inaccessible at one point due to excessive traffic.
In mid-December, South Korean cryptocurrency exchange, Yapian, suspended digital currency trading and filed for bankruptcy after its systems were hacked. The exchange trades 10 virtual currencies including Bitcoin and Ethereum.
Yapian said in a statement that the latest security breach caused it to lose 17% of its total assets. The company didn’t specify the type of virtual currencies that were stolen or the financial value of its losses. In April, Youbit, formerly called Yapizon, lost 4,000 bitcoins now worth $73m to cyberthieves.
Users of the exchange with digital coins in their online accounts were told by Youbit on Tuesday that they could withdraw about 75% of their cryptocurrency for the time being. The remaining balances would be returned after the company goes through bankruptcy proceedings, it said.
It said it was “very sorry” that it had been forced to shut down.
Back on US soil, Kraken is waiving all trading fees through the end of the month to make up for the outage during the volatile period, according to a blog post published Saturday, in which the San Francisco-based company also assured clients that funds were kept safe during the incident.
“We apologize for the uncertainty our downtime has caused. The scheduled downtime was to replace our old trading engine with a brand new trading engine – an improvement that customers have long asked for and that we have long been working hard on.”
See below for Kraken’s entire post-crash update:
All orders have been cancelled prior to trading resuming
Trading pairs launched with no orders on the books
All funds in previously open orders have been returned to your available balance
Margin positions will remain open
Margin liquidations will be paused for at least 48 hours
Creation of new margin positions is disabled for at least 48 hours
Caution: Clients should be extremely careful with market orders and double-check limit order prices in an illiquid market
Withdrawals are now disabled and will remain disabled for a minimum of 12 hours (during this time we will be monitoring the new system for anomalies)
For fiat or crypto deposits (initiated before, during or following the downtime) please allow up to 2 additional business days for funds to be credited
All unleveraged trades will be charged 0 fees until January 31, 2018 (UTC)
Margin position, open, and rollover fees are reduced to 0.005% until January 31, 2018 (UTC)
New Accounts and Tier Upgrades
Verifications of new accounts will be delayed and are our lowest priority
Tier upgrades of existing accounts will have priority above new accounts
Note: If you are applying for a Tier 4 account or need help with OTC, please indicate this in your support request
Saudi Arabia’s richest prince, Alwaleed Bin Talal, has been carted off to Al Ha’ir prison after refusing to pay a reported $6 billion to Crown Prince Mohammed Bin Salman following a massive consolidation of power on November 4, 2017 in which over 300 princes, ministers and other elites were rounded up in an “anti-corruption” purge.
Among those arrested on allegations of corruption is Prince Alwaleed Bin Talal, the Saudi King’s nephew who is worth more than $17bn according to Forbes, and owns stakes in Twitter, Lyft and Citigroup.
DailyMail.com’s source claims the crown prince lulled Alwaleed into a false sense of security, inviting him to a meeting at his Al Yamamah palace, then sent officers to arrest him the night before the meeting.
‘Suddenly at 2.45am all his guards were disarmed, the royal guards of MBS storm in,’ said the source.
‘He’s dragged from his own bedroom in his pajamas, handcuffed, put in the back of an SUV, and interrogated like a criminal.
‘They hung them upside down, just to send a message.
Purged princes and the like were taken to the Riydah Ritz Carlton Hotel, where they have reportedly been allowed to buy their freedom by giving up their billions in oil wealth for their lives.
As the Daily Mail reported in November, mercenaries purportedly employed by Academi – a successor to infamous US security contractor Blackwater, have been stringing up some of MBS’s “guests” at the Riyadh Ritz Carlton by their feet and savagely beating them during interrogations. The claims have spread rapidly on Arabic-language social media, and even Lebanon’s president Michel Aoun has accused MbS of using mercenaries.
Meanwhile, none of Prince Alwaleed’s powerful friends appear to be coming to his defense. As CNBCpoints out:
So now we have bin Alwaleed in an actual prison, with a government aggressively taking cash and assets, and still no significant outcry from his foreign friends.
Bin Salman came to power last summer after King Salman changed the order of succession and made Bin Salman crown prince. In addition to his “anti-corruption” puge to consolidate power and wealth, the country has embarked on an ambitious plan called “Vision 2030“- which aimsto modernize Saudi Arabia and break its dependence on oil production, as well as combat human rights violations.
In late September, Saudi Arabia took the unprecedented step of allowing women to drive. “The royal decree will implement the provisions of traffic regulations, including the issuance of driving licenses for men and women alike,” the Saudi Press Agency said, according to Al Aribaya
Meanwhile, A Saudi Government panel has asked that all marriage contracts for girls under the age of 18 be approved by family courts – the latest step in a series of sweeping reforms under the lead of their new Crown Prince, Mohammad bin Salman. While falling short of outlawing child marriage, the request marks the first major legislation involving the long-standing practice primarily overseen by Saudi clerics and local judges – not family courts.
The proposed legislation was part of a series of recommendations by the Committee of Islamic and Judiciary Affairs last Monday, which also called for “competent” family courts to oversee premarital virginity tests for girls under 18.
“The committee acceded to have those under 18 submit their marriage contracts, as well as a pre-marital tests to a competent court to determine their case” –Councilwoman Dr. Eqbal Darandari
“Some Shoura members disagreed with this decision because they believed it meant we condone underage marriage,” said Darandari, adding “Others suggested that only those between the ages of 16-18 can transfer their cases to a judge, and those below 16 cannot get married. Some members demanded this be applied to underage boys, as well.”
Dr. Darandari is among several Saudi legislators who believe in an an age limit for underage girls’ to marry. “Girls’ voices must be heard and their opinions taken into consideration. I don’t believe a pre-marital test is enough. In my opinion, I think we need a female committee — made of a doctor, lawyer, psychologist and social worker — that studies the girl’s state in order to assess whether or not she can get married.”
She also warned of the damage which can occur to children who are forced into marriage.
“Those that are fifteen or younger can undergo severe physical and psychological damage through marriage, and they’re probably unequipped for it. I believe there should be sanctions to those who do not adhere to that, and in the case of a marriage during that delicate age, a girl’s right to demand a divorce if things don’t work out should be guaranteed.” –Dr. Eqbal Darandari
So there you have it – Bin Salman is attempting to modernize his country, while wrestling power from long-standing oil families. For those who don’t comply with their cucking, it’s off to jail…
Given that the average person spends around 300 hours a year driving, and more and more cars are connected to the internet, Silicon Valley automotive technology firm Telnav has just announced an “in-car advertising platform” for internet-connected cars, which plays “relevant” ads to captive occupants as soon as the vehicle comes to a stop.
The In-Car Advertising Platform is powered by Telenav’s In-Car Ads SDK (Software Development Kit) and cloud-based intelligent targeting platform. The platform’s focus on safety, context, and value makes it an ideal in-car ad solution for both drivers and OEMs.
To ensure driver safety, ads only appear when the vehicle is stopped, such as at car startup, traffic lights and upon arrival. The ads automatically disappear whenever the car is in motion or when users interact with other in-dash functions such as music or phone calls. –TelNav
We can only imagine what will happen when self-driving cars go mainstream…
The Santa Clara company hopes to sell their platform to automakers, ostensibly leveraging preexisting relationships with Ford, GM, Toyota and AT&T for which they provide “custom connected car and mobile experiences.” And as Silicon Beat reports, vehicle owners will pay more for connected-car services if they decline the ads.
In a Friday press release, CEO H.P. Jin called the ad platform “an exciting new opportunity” for vehicle manufacturers to “monetize connectivity to cover service costs and even drive healthy profits while enriching the consumer experience with safely delivered, engaging and relevant offers.”
“This approach helps car makers offset costs related to connected services, such as wireless data, content, software and cloud services,” said a spokeswoman for Telenav on Friday, adding “In return for accepting ads in vehicles, drivers benefit from access to connected services without subscription fees, as well as new driving experiences that come from the highly-targeted and relevant offers delivered based on information coming from the vehicle.”
TelNav isn’t the first company to offer in-car services, as General Motors rolls out its “Marketplace app,” allowing drivers to “browse deals and place orders through and in-dash touchscreen with several major brands such as Starbucks Corp., TGI Friday’s, Priceline.com and Dunkin’ Donuts Inc,” according to GM:
With Marketplace, drivers can now order and pay for their favorite coffee — and much more — on the way to work with a simple tap on the dash. –GM
While there’s no word on whether GM’s Marketplace app will advertise to passengers outside of serving up specific brands to choose from, Telnav outfitted cars would offer real-time, contextual, location-based advertisements to offer proximity-based targeting on their “Thinknear” mobile advertising website.
Need gas? TelNav’s ads can direct you to the nearest station, perhaps even offering a discount.
“Relevant ads such as coupons and recommendations are delivered to customers based on information from the vehicle, including frequently traveled routes, destinations, and time of the day,” the company said.
“As an example, drivers can be encouraged to pick up a discounted pizza on the way home or be alerted to sales at stores near their destination. In addition, when the vehicle is low on gas, the platform points out nearby stations along the driver’s route, potentially with discount offers.”
While the platform has the ability to provide animated ads, the company says most advertising will be static and will not contain audio. In addition to disappearing when the car is back in motion, the ads can be canceled if “users interact with other in-dash functions such as music or phone calls.”
That said, driver distraction won’t be an issue with self-driving cars – which means captive audiences being bandied about town by digital drivers will likely be forced to sit through an ad-rich ride, unless they pay up of course.
James O’Keefe of Project Veritas (PV) has struck again, this time infiltrating Twitter where the spoke with Senior Network Engineer, Clay Haynes, who freely admits that he would be happy to share Trump’s “Direct Messages” (DM’s) with the Department of Justice (DOJ) without a warrant.
PV Journalist: “So, you’re not a Trump lover?”
PV Journalist: “Like, we’re going to go into nuclear warfare because of him, like, what are you doing at your job to kind of quiet him or to downplay some of the things that he comes up with because, honestly, he’s going to get us into so much trouble.”
Haynes: “…we’re more than happy to help the Department of Justice in their little investigation…”
PV Journalist: “Ok, like how?”
Haynes: “Basically, giving them every single tweet that he’s posted. Even the ones he’s deleted. Any direct messages, any mentions, oh yeah…”
Meanwhile, in another video Haynes reveals the truly creepy and “actually very terrifying” access that Twitter employees have to your private messages, deleted private messages, location and other profile activities.
Haynes: “So, what we can do on our side is actually very terrifying.”
PV Journalist: “Why? What could be terrifying?”
Haynes: “We have full access to every single person’s account, every single direct message, deleted direct messages, deleted tweets. I can tell you exactly who logged in from where, what username and password, when they changed their password.”
PV Journalist: “Why do you keep it (user data)? I guess I don’t get that. I’m not in this field, so I don’t get why you keep it. Like, who cares?”
Haynes: “Mostly law enforcement and it also helps us detect a pattern of history. It’s very, very dangerous. Also, very, very, creepy Big Brother-ish.”
“We have FULL access to every single persons account, every direct message, deleted direct message, deleted tweet. I can tell you exactly who logged in from where, what their user name and password, when they changed it.” Clay Haynes
Big Brother is watching. pic.twitter.com/ZLZfKqUbmN
In response, Twitter told the International Business Times:
“The individual depicted in this video was speaking in a personal capacity and does not represent or speak for Twitter. Twitter only responds to valid legal requests, and does not share any user information with law enforcement without such a request.
“We deplore the deceptive and underhanded tactics by which this footage was obtained and selectively edited to fit a pre-determined narrative. Twitter is committed to enforcing our rules without bias and empowering every voice on our platform, in accordance with the Twitter Rules.”
Meanwhile, Clay Haynes tweeted “Well. this is no fun.”
Raging donkey Robert De Niro went on a profanity-laced tirade against President Trump on Tuesday night while presenting an award to Meryl Streep at the National Board of Review Annual Gala in New York, calling him a “f***ing idiot” and a “f***ing fool,” along with the “jerkoff-in-chief.”
The 74-year-old Oscar winner slipped into his Trump-tantrum while discussing Streep’s new movie The Post, instead of directing his rage at pal and accused rapist Harvey Weinstein, who hired undercover former Mossad agents to intimidate victims of his sexual misconduct. Of note, Amazon spent a reported $40 million in pre-production costs before dropping a planned TV series in October starting De Niro and Julianne Moore following the Weinstein scandal, which was set to be produced by The Weinstein Company.
De Niro, who we can’t find any military records for, criticized Trump’s lack of service – having been granted five draft deferments; four for college and one for bone spurs in his heel:
De Niro said of Trump: ‘It was fascinating to watch The Post. That story took place nearly 50 years ago, but there are many parallels with today obviously.
‘At the time of the story Donald Trump was suffering with “bone spurs“. Today the world is suffering from the real Donald Trump.
‘This f***ing idiot is the President. It’s The Emperor’s New Clothes – the guy is a f***ing fool. –Daily Mail
De Niro went on, “Our government today, with the propping [up] of our baby-in-chief – the jerkoff-in-chief I call him – has put the press under siege, trying to discredit it through outrageous attacks and lies.”
De Niro has been a harsh critic of President Trump, notably saying that he’d “like to punch him in the face,” and calling the President “a blatant racist,” a “bozo,” and a “motherfu***r.”
Meryl Streep, on the other hand – who was notably silent on Harvey Weinstein’s sexual harassment at the Golden Globes last Sunday, saying “I just think we can get through this moment,” in reference to the #MeToo movement of Hollywood women who have been sexually harassed.
Streep was called out by Donald Trump Jr. for her silence during the Golden Globes, tweeting “Not only did Meryl Streep call Harvey a god but she gave a standing ovation to child rapist roman Polanski at the Oscars. She tries to be a moral compas for others… No thanks.”
Sickening hypocrisy. Not only did Meryl Streep call Harvey a god but she gave a standing ovation to child rapist roman Polanski at the Oscars. She tries to be a moral compas for others… No thanks. https://t.co/Cicu4Kn7nS
SpaceX’s most recent launch of the multi-billion dollar highly secretive Zuma spy satellite using the Falcon Heavy rocket has ended in disaster, and is “presumed to be a total loss after it failed to reach orbit.”
In an emailed statement, SpaceX President and COO Gwynne Shotwell said that the SpaceX Falcon 9 rocket took off from Cape Canaveral Air Force station in Florida on Sunday, and “did everything correctly.”
For clarity: after review of all data to date, Falcon 9 did everything correctly on Sunday night. If we or others find otherwise based on further review, we will report it immediately. Information published that is contrary to this statement is categorically false.
Due to the classified nature of the payload, no further comment is possible.
Since the data reviewed so far indicates that no design, operational or other changes are needed, we do not anticipate any impact on the upcoming launch schedule. Falcon Heavy has been rolled out to launchpad LC-39A for a static fire later this week, to be followed shortly thereafter by its maiden flight. We are also preparing for an F9 launch for SES and the Luxembourg Government from SLC-40 in three weeks.
Bloomberg, on the other hand, reported that the second-stage booster section of the rocket failed, while Northrop Grumman spokesman Tim Paynter said that while Grumman was commissioned by the Defense Department (DoD) to choose the launch contractor, he could not comment on classified missions. Paynter’s comments were echoed by Grumman communications director Lon Rains, who told The Verge “This is a classified mission. We cannot comment on classified missions.”
As ZeroHedge reported last night, the mystery grew due to the secretive nature of the mission, and SpaceX did not show the entire Zuma mission during its livestream. Typically for its commercial flights, the company will show the launch all the way through to the payload’s deployment into orbit. However, the Zuma webcast did not broadcast the separation of the nose cone, which surrounds the satellite during launch, nor did it show the satellite being deployed. SpaceX has censored its livestreams like this before with other classified government payloads that the company has launched. But usually SpaceX or the government agency its working with will confirm a successful mission afterward. So doubts started circulating late Sunday night when neither SpaceX nor Northrop Grumman — the manufacturer of the Zuma satellite — confirmed if the launch was successful.
We’ll probably never get a straight answer. Who knows – maybe the satellite is doing just fine and this is all a ruse.
An attorney for Glenn Simpson, co-founder of opposition research firm Fusion GPS, revealed during a leaked closed-door interview that “somebody’s already been killed” due to the publication of the Trump-Russia dossier by Buzzfeedon January 10, 2017.
It's been theorized that this is ex-KGB guy Oleg Erovkinin, who was chief of staff to Igor Sechin. But he was killed under suspicious circumstances on Dec. 26, 2016, before the dossier was published. https://t.co/mnFnAUT5PY
The statement was part of a 312 page transcript of testimony leaked by Sen. Dianne Feinstein (D-CA) following Fusion’s call for the transcripts to be released in a NYT op-edpublished exactly one week ago, infuriating Committee chair Sen. Chuck Grassley (R-IA)
In closed-door testimony in front of the Senate Judiciary Committee last year, Congressional investigators asked Simpson if Fusion GPS made efforts to “assess the credibility” of sources used in the dossier commissioned by Fusion and assembled by former MI6 spy Christopher Steele.
“Yes, but I’m not going to get into sourcing information,” replied Simpson.
After declining a follow-up question, Simpson’s lawyer Joshua Levy said the Fusion co-founder “wants to be very careful to protect his sources,” adding “Somebody’s already been killed as a result of the publication of this dossier, and no harm should come to anybody related to this honest work.”
The Fusion / Steele dossier has come under intense scruitny after republicans began to question whether the document spurred the FBI’s investigation into the Trump campaign.
Feinstein said in a statement she released the transcript to combat misinformation about the inteview.
“The innuendo and misinformation circulating about the transcript are part of a deeply troubling effort to undermine the investigation into potential collusion and obstruction of justice,” Feinstein said in a statement. “The only way to set the record straight is to make the transcript public.”
A spokesman for Sen. Grassley said Feinstein’s release “undermines the integrity of the committee’s oversight work and jeopardizes its ability to secure candid voluntary testimony relating to the independent recollections of future witnesses,” adding “It’s totally confounding that Senator Feinstein would unilaterally release a transcript of a witness interview in the middle of an ongoing investigation – a witness that Feinstein herself subpoenaed last year for lack of cooperation.”