Latest posts of: CryptoBry

The fact that these and similar schemes are all operating in broad daylight in almost all social media platforms means that there are still many who can fall victims with their enticements and promises of greater rewards...the appeal to our basic desire to gain more is very effective for unsuspecting victims. Well, I had been a victim too so I paid my dues and was baptized with fire, so to speak. The thing is that there are thousands who are entering the world of cryptocurrency and related fields every day and they can be the targeted market by many scammers and hackers just pretending to be angels of light when in fact they are bringing destruction. Newbies should not be trusting anyone online because people we meet here are actually strangers and anonymous and they are usually promising the whole heavens and the stars just for us to be the prey for their traps.

Quote from: graylexstamit on June 19, 2019, 05:40:33 AM

https://www.ccn.com/bitcoin-crime/russian-hackers-mastermind-530-million-coincheck-theft/2019/06/18/

The most interesting to me is that Russia is one of the weakest countries in blockchain and all this crypto stuff but the best hackers are all Russian.

I am not surprised of this latest revelation on who really made that biggest hack ever that transpired in Japan's CoinCheck. North Korea is likewise known to have the best hackers and they are always on the top of suspects whenever something like this happen but we now know better on the CoinCheck incident. I guess this whole thing will go on until there will be cryptocurrency exchanges around as the incentive or the prize can be so huge...hackers who have the talent, time and focus will do everything on their powers to enter the hive and steal the honey. It is now imperative to all exchanges to fortify their defenses at all fronts.

It is amazing how a simple once act by an unsuspecting employee of CoinCheck led to the loss of many millions of dollars. It must be the standard policy of the exchange for all of their employees not to download and install anything without clearance from the above.

"The hack was a result of the crypto exchange’s employees installing infected software on their computers. The hackers reportedly sent emails to the employees containing viruses such as Mokes and Netwire, who unwittingly installed the malware on their machines and caused a massive financial loss."

Quote from: waitlevvy37 on June 19, 2019, 05:32:05 AM

There are many hype around Facebook project and launching its shitcoin whereas there are some "experts" who do mean that Libra cause the bitcoin growth? How is that possible?

First, am not a spokesperson nor am I campaigning for Libra the cryptocurrency/blockchain project spearheaded by Facebook but first and foremost judging by the enormous resources and the personalities behind this project and considering its immense potential even within the ecosystem controlled by Facebook itself, calling it at this juncture as a "shitcoin" is premature. I am sure that if Libra is going to be successful, Mark Z. and his minions would be laughing to be bank enjoying their "shitcoin" but then again the marketplace can be full of tricks...what if no critical number of people or organizations will adopt Libra...then maybe you can be right with that label.

Now, how will the success (if you are proven false) affect the growth of bitcoin? Let me surmise by saying that people who are not into cryptocurrency but can be enticed to be a part of the industry all because of Facebook's Libra will also get to know bitcoin and I guess that soon they can use LibraCoin (or whatever the final name maybe) to exchange for bitcoin and vice versa. In other words, Libra can be a catalyst for more people to get engaged with cryptocurrency and soon these people are gonna appreciate bitcoin too.

I have nothing against Libra or whatever name that Facebook would call its latest baby but I don't understand why there would be a little fuzz if bitcoin is or is not mentioned in its whitepaper or any official publication from the said project. Basically, it would not matter much whether it does make a reference to bitcoin or not. Libra is backed by real value so this can mostly be a stablecoin...which in my estimate will not be competing that much with bitcoin except that Libra can be utilized as a currency not just within the Facebook-controlled ecosystem but also with remittance industry where XRP is staking a lot of weight. If Libra is not associating itself much with bitcoin and Satoshi Nakamoto, it can be because this is another brainchild of Mark Zuckerberg.

Slowly we are getting some parts of the emerging Libra project led by people of Facebook. And now we are shown the name of the firms and personalities which will be involved with the project either in management capability or as partners. While there will be those who are always casting doubts if this can work, we have to remember that this project has a captured, read and huge market that it can (and will, of course) tap and that is the network of sites controlled by Facebook conglomerate. Of course, it is not perfect but what, who and which is? Let's wait and see how things gonna transpire with this hot and always-on-the-radar Libra thing.

I may not agree a lot with Mark Z. and Facebook but am honestly seeing this project on its real and huge potential -- I don't think Mark and his minions will get involved with anything half-baked and unprepared considering their vast business experience. And that brings us to my point -- this is all business.

Bitcoin is quite fun to speculate with all because it is quite volatile and there is indeed that great potential that it can go beyond the $20K it almost achieved in 2017. Well, as for me, nobody can be sure of what will be in the coming months so I just prefer to wait...be happy for the best and just accept in case it will fail to get there. As a small investor, there is nothing I can do with the movement of bitcoin except maybe to send it positive wishes and aura if those can really help.

Quote from: Zentachain1990 on June 18, 2019, 12:45:53 PM

How Libra effect the cryptocurrency world?

Right now, it is too early to determine what can be the effects or let's say contributions that the Libra project can bring to the whole industry. I am sure that is going to be a game-changer for the many social media platforms controlled by Facebook and the many entities already signifying their interest to partner with this new platform. I am sure this is going to be a big business but apart from that I see some limited influence with the whole industry. This whole project is just showing us that big names in many industries are now slowly recognizing the value of the blockchain and cryptocurrency. I just dread to think that one way we can be waking up and realize that the whole industry is taken over by influential and resource-rich corporations.

Quote from: VanguardVale on June 17, 2019, 09:33:18 AM

Bitcoin leaped across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency.

While I am happy that Bitcoin is now back at the $9,000 level, saying that it became possible because Facebook is about to launch its GlobalCoin made my eyebrows rose. I really don't see the connection in between the two as GlobalCoin is an independent project and though this will not be negatively impacting bitcoin I also don't see it benefiting bitcoin that much. Anyway, let's just enjoy what bitcoin achieved so far this year and hopefully it will soon push through the $10,000 zone.

Quote from: starboss on June 17, 2019, 11:05:58 AM

What do you think? What would be more appropriate to do to take advantage of this momentum?

I am advising you to slowdown things and not get into bitcoin all at once. I am sure that a small dip can be coming soon as has become tradition with bitcoin anytime it is making a surge so the best thing to do is buy a little today and then wait for the dip and then buy some more. Of course, you can also "invest" with other good cryptocurrencies belonging to the top 10 of the CMC listicle. I agree that being consumed by the idea of a FOMO is never the best mindset when investing with cryptocurrency...always continue educating yourself and tune in for more developments on this market.

Quote from: Muzika on June 18, 2019, 03:04:15 AM

This is some sort of speculation and some sort of technical analysis, do you believe that this might happen, for me the former ATH is possible but if this will happen it will truly shock the industry and the people who does not know crypto yet.

There will be no shock because this another bitcoin "prophecy" will never happen. We have already seen, heard and even laughed at so many rosy, colorful and excited predictions about what can soon happen with the price of bitcoin but many of them are not based on the reality and I think just meant to command the attention they need. Definitely, bitcoin will rise due to many good factors but predicting that it will almost magically go that's already bordering on the entertainment side of things. I prefer to just wait and see. A slow and steady growth of bitcoin is what we should wish for...as overheating can be causing a lot of problems -- well, just like in a car!

It would be a sad day if instead of going against the crux of the problem, the government will instead zero in on its focus with bitcoin or any cryptocurrency for that matter. We are wishing that level-headed minds will prevail. When drug syndicates and dealers are using the fiat money, nobody in his own right mind will think to do something about the money -- the same treatment should also be accorded to bitcoin. What should be done then? The same solutions, of course, but this time implemented more strictly and much tighter than before. Strict monitoring and strong KYC requirements must be done by platforms into bitcoin business. And the Philippines has already many laws that can counter these problems, it is just a matter of no let-up implementation.

I just realized that there are two famous personalities -- Roger Ver and Craig Wright -- which the real bitcoin community don't like as these two are full of lies and "shits" just so they promote their own self-vested agenda. Yes, they are still laughing to the bank and they may even continue sowing their menace but people in the community are sure that these self-professing cryptocurrency leaders are not representing the voice and the support of the greater number of people in this industry. In fact, we should be considering as just clowns and good for entertainment, at least they have more value on this aspect.

Quote from: numeracci on June 17, 2019, 11:41:23 AM

Hi people, just wondering why Bittrex that is a very big exchange doesn't have its own coin like BNB or KCS.
Maybe there's a reason.

I had been wondering the same thing but I think it has something to do with the fact that Bittrex is not really aggressive and pro-active as a cryptocurrency exchange outfit...no wonder exchanges that later on came on the scene were able to grab more market share than Bittrex. At this point, Bittrex can still launch its own tokens if they want to but the market may not be as responsive as before when Bittrex belongs to the top 3 spots in the business. Maybe it is too late for this idea not unless Bittrex can be able to reclaim its lost territorial ground.

I could not understand why Twitter is now allowing me to retweets from EtherZero Twitter account: "This request looks like it might be automated. To protect our users from spam and other malicious activity, we can't complete this action right now. Please try again later."

Is this a problem specific to my Twitter account?