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Carl Ferrer of BackPage which uses bitcoin - up to $3.1 million in one week as a payment means got arrested for sex trafficking of a miner and will be sent to California for prosecution. He could get life in prison just like Ulbricht.
Just like bitcoin was the payment system for Silk Road, it is the payment system for BackPage. This is just about as big in many ways.
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When Steem went up like crazy - I just wanted to short the hell out of that. Total garbage. But I dont' know where to get a Steem short. Now I see Monero going like hell. Same thing, I'd love to short the fucker.
Which is the most comprehensive shorting platform that is somewhat reliable too? I am going to make an account today.
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Large groups of well paid, organized, funded professionals with clear objectives and good management - (like R3, hyperledger, ethereum, others) are sure making those Core programmers look like the silly little whiny bitches that they are. Core is going NOWHERE and getting there pretty damn fast. Meanwhile, very sophisticated advance is being done every day in other part of crypto/blockchain.
This is 100% the end of bitcoin as we know it. Good thing too. This 'open source', 'no leadership', 'no organization' thing was always a load of bullshit.
No matter how many times they will say that bitcoin is dead, this will show aggresively that bitcoin will live long last in the near future. It will become innovatively give a progression to the bitcoin community. Well bitcoin is not going to be dead. I will just going to believe that it is already dead when there are no users at all. Maybe these people that are saying that bitcoin is dead wants their alt coin who are they are developing to become higher than bitcoin. But that is impossible at all because most of the people now are relying to bitcoin. of course it is not going to be dead, everyone just needs to chill, i have seen a lot of bitcoin "deaths" during my time with it and it never happened for real read the title of the thread: 'this time it is for real'! Time to sell your BTC now. |
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But it seems to get weaker every day. The price doesn't hold. The people fight more. Blockstream is forcing everyone to use their side chain so the miners will stop getting money. The whole thing is starting to collapse. It will take more time, but it's death is now certain. Core team did this. They are assholes who won't listen. Bitcoin is now controlled by about 3 people. It is no longer 'decentralized'. Therefore it must die.
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Hmmm. I hadn't heard Tether had been sold to bitfinex. My suspicion/hope is that they bitfinex owns Tether but they are financially separate. Will be interesting to see what happens. Tether brags about being 'fully transparent'. Bullshit. Collins Rectum gave control over to Bitfinex? They hid that pretty well. Now there is giant question over whether those $7million Tether will ever come home. What a joke. The deposits should have been held in a Trust having no other liability. Now, the Bitfinex theft liability will destroy Tether. Its all falling apart now. Would you know at the heart of it is that same Collins Rector guy whose been at the core of bullshit time, and time again. Craig should comment. Tether should have been kept independent. Now, 100% transparent looks like more total bullshit. |
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Bitfinex should be buying up these BFX tokens at a discount. They can pay off their debt at a 60-70% discount.
Yep. I think that is very likely indeed. They will need some liquidity today to do that, but it is a good way for them to reduce their $62M liability fairly, and fairly quickly. |
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That is $62million of 'debt' - or 'IOU's all traded directly on the bitcoin blockchain. I'll bet not many people anticipated this kind of support for trading when thinking about the blockchain.
This is the second thread referring the exact same thing: why do people think this token will be directly traded on the blockchain? As I've said before, this wouldn't even have success as an altcoin .D Maybe you don't understand how Omni works? Every BFX transaction is a Bitcoin transaction on the blockchain. Every transaction is backed by 1,461 Peta hash of the full Bitcoin mining network. BFX is directly traded on the blockchain. Just like Maidsafe, Tether, Synereo, Agoras, others. It is not an 'altcoin'. Those have their own blockchains. It is a debt issue. By buying this debt, you are betting that one day bitfinex will be able to pay it all back. Today, you buy at a discount (to be determined by market rates) and that rate reflects the common belief bitfinex will be successful in repaying. It is a pretty cool new concept. Just pointing it out because it is a technically interesting twist we haven't really seen before. There may be some other really cool ways to use the Bitcoin network/blockchain to manage debt issues. It is time for the creative people to take this up. |
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Does anyone else share the curiosity that comes with the BFX issue?
That is $62million of 'debt' - or 'IOU's all traded directly on the bitcoin blockchain. I'll bet not many people anticipated this kind of support for trading when thinking about the blockchain.
Is the BFX issue the first debt issue - or are there others?
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Price is up. Volume is over a quarter of a mil. Something IS going on as volume has been only a few hundred or a few thousand for well over a year.
Have you guys seen the market cap of tether over the past few months? It's really taking off. Also Maidsafe is doing really well. The assets on the Omni layer are huge and getting bigger all the time. Most recently, this: https://www.bitfinex.com/posts/129: I don't have any inside information, but I think this is what happened: 1) Bitfinex realized they needed a token, and looked around to see what protocol would be best 2) Due to existing exchange infrastructure, it's really easy to add bitcoin-based tokens like Omni, and our system is already well-proven 3) Ethereum-based tokens, let's face it, are a little scary right now to the public, even though I'm sure they are safe if set up correctly 4) So it's either Omni or Counterparty. What would you choose? (I'm restraining myself heavily right now from talking about their history . . .) Correct me if I am wrong, but the new issue value is $62 million. That makes it the most valuable token ahead of Maidsafe. Just because it is ' debt' rather than 'equity' doesn't reduce the net value of the asset. We now have: BFX - $62M
Maidsafe - $42M
Synereo - $20.5M
Tether - $7M
Agoras Tokens - $6MClearly, if you have a multimillion dollar debt or equity issue to be made, Omni is the platform that can handle it. It does appear to be an interesting first to do a 'debt issue'. Typically, debt is issued as bonds. This lays groundwork for a special new kind of crypto-token having new performance characteristics. All done first here on Omni. |
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It is not right to say that it is dead, Two years, no scaling solution = dead. Totally dead. Blockstream fucked it up. |
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Look at all the 'pump' schemes. lol. Omni, the first bitcoin 2.0 is going way up on technical success. These guys do ZERO marketing and 'pumping'. All they do is build shit. https://poloniex.com/exchange#btc_omniOmni will be a mature platform in about a year. Lots of 'up' movement to come. 'Shit' being the operative word here. Typical analysis coming from a flunky. Do you even program? Omni platform rocks. Easy to use. You will see big deals deploy their tokens on Omni over the next year because it is secured by bitcoin blockchain mining and the wallet and core is rock solid. Despite the fact that Omni was moving spectacularly today, it is still way behind. Should be .03 BTC. Could be the quickest way to double up in two days. Omni will be rediscovered as a full working easy to use system long abandon by traders. Will be worth 10X in one year easy. Just the great performance on Tether alone shows the platform is solid. Tether has a big future. |
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Bitcoin = 'gonna lose your money'!
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The thing happened in bitfinex was clearly saying you shouldnt keep your btc in a exchange site. I wonder what site wil be the next to say the same as others that they are hacked.
next will be BTC-e and Kraken I doubt it. Despite the skeptics, BTC-e has proven to be a stable and serious exchange since years. Regardless, one should not store Bitcoin on any exchange longer than absolutely necessary. The alleged involvement of the Bitfinex founder in multiple Ponzi shemes, including the infamous BST raises significant questions regarding the nature of the "hack". The deletion of social media profiles is certainly not aiding in establishing trust. It will be interesting to see the further investigative progress - if any is made. The significant amount of stolen funds should at least trigger significant attention from law enforcement. ya.ya.yo! You have a point. His 'closeness' to previous scams says he did it. I'll bet .5BTC he will be in jail in less than 6 months. Even the US will try to get him because they have already been close to him in the past. Good chance he won't survive this theft. yeap, there are people who lost millions of usd. I don't think these individuals will let the things as they are because they own resources, they know people who can do "things"  ... they will recover the money in a "way"(legally or not) or other. That's enough of that kind of talk! No violence. Why would guys give $1 million to a guy with a known history of relationships to Ponzi? You'd think these guys with $1million were doing their due diligence. That's why you should all go trade with Kraken. The others are fully bullshit. Gonna lose your money. |
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Confirmed end! Lizard people are coming..
Is this actually true? If bitcoin dies, lizard people will come? |
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Look at all the 'pump' schemes. lol. Omni, the first bitcoin 2.0 is going way up on technical success. These guys do ZERO marketing and 'pumping'. All they do is build shit. https://poloniex.com/exchange#btc_omniOmni will be a mature platform in about a year. Lots of 'up' movement to come. 'Shit' being the operative word here. Typical analysis coming from a flunky. Do you even program? Omni platform rocks. Easy to use. You will see big deals deploy their tokens on Omni over the next year because it is secured by bitcoin blockchain mining and the wallet and core is rock solid. |
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And each day, more people rely on the platform to issue new tokens. Another remarkable first just happened on Omni. Bitfinex issued 'debt' or 'IOU's as BFX tokens on Omni. With every trade, Omni holders get a small payment. Just by holding Omni, you are a kind-of miner. The whole thing lives on the bitcoin blockchain for security. Awesome system. Tether trades over $1million per day on average now. Another Omni product. Maidsafe exchanged well over $1.3 million today via Omni. |
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Look at all the 'pump' schemes. lol. Omni, the first bitcoin 2.0 is going way up on technical success. These guys do ZERO marketing and 'pumping'. All they do is build shit. https://poloniex.com/exchange#btc_omniOmni will be a mature platform in about a year. Lots of 'up' movement to come. |
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These exchanges are fucking things up for Bitcoin with this piss ass security breaches and hacks. I wonder how many of these hacks are genuine .... many of these looks like inside jobs or stupidity of
the people hosting these services. It blows my mind that a exchange with a daily 10k+ bitcoin volume, can be this unprofessional and prone to attacks. I would only start using these services, if we can
American exchanges (those with regulations) haven't been hacked. Kraken and Coinbase don't get hacked because they are not run by silly little boys in countries with no rules. |
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There are many many many different ways to convert btc to usd like for instance, circle.com does debit, paxful does like everything, coinbase,ATM's, and so many other websites transfer btc for USD pretty easy nowadays
But all of these ways involve a human agent to handle the trade and they all charge fees. You can do it for free as a Dex operation on the Omni platform. I can't trust they shitty looking site with 25 BTC.I need something popular and reliable,may be i am thinking with going with btc-e.com as they don't need verifications and deposit/withdraw of btc is also instant Between $1 - $5 million trade on the Omni platform everyday. For more than 2 years, been running like that. Your 25 BTC is minuscule in comparison. I can't trust they shitty looking site Oh, you like the pretty websites? Those are the scammers. They spend all their time on UI. Sites that aren't a scam spend all their time on the core and don't worry about pretty UI. |
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