so how do we know that crypto exchngers dont sell us the coins what they dont exisit?
and how do we know those big funds who bought or pretinding to buy or sell some big ammounts of cryptocurrency `? how do we know they dont lie us ?
There is a very informative thread on the matter you want to investigate. Is from a while ago but I haven't seen a better explanation so far. https://bitcointalk.org/index.php?topic=945881.0Of course it's a matter of trust whether you believe or not to the fact that the exchange you are using will live up to its obligations. Never forget: if you don't control the keys, then you have no coins.If I was you I would take some time to study all this.
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I am more afraid for Bitfinex and Tether. Pulling the USDT rug might show how bitcoin is very dependent on USDT for liquidity and cause a big short.
Tether is an interesting situation. It may be more complex than that. For example, if the US government were to seize Tether's bank accounts, the value of USDT would drop as USDT holders flee to other currencies. However, similar to April 2017 when Bitfinex and Tether lost banking capabilities, this could catalyze a bullish move in the overall crypto market as USDT pairs drag the rest of the market upwards. The funny thing is that what if there are no Tether's bank accounts or, put it on a different angle, what if Tether's bank accounts are based on a huge fractional reserve. I think the Tether/finex situation is a like a possible volcano explosion for bitcoin: after the explosion we will have THE big short and then, maybe, when the dust will settle is very hard to predict what will come up next. After seeing bitmex having had that service from the US believing that finex is fine is pure gullibility.
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In my opinion, this has nothing to do with decentralization. The main aspect of crypto is that my spendings are untraceable. With this card VISA always can provide data to someone, and why do I have to submit all my Personal data for this I already did it for my bank, and exchange which transfers money from bank to exchange and vice versa. I would rather wait that 6 hours from time to time then send my KYC to another company just for the sake of paying with crypto.
You can conveniently use the CDC Visa card by topping up fiat currency instead of crypto. This way you are using your own money and you get cashback that then you can save or re-use for spending. You are not forced to use crypto coins to top up the card: to me this is very important actually because by spending my fiat currency I then get crypto.
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Craig Steven Wright is living up to this. In my humble opinion he has been given too much celebrity during the last years. With all the compelling evidence pointing out to his lies and misconduct this should have been buried already. In any case, excellent analysis: I am not a tech guy but grasping the basics I can definitely see through it. Thanks.
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The decision for the game Juventus-Napoli has been delayed to next week, typical Italian thing.
The rule was clear if Napoli wasn't on the game the result must be 3-0 for the opponent and 1 point of penalization.
Rumors are now to "play the game and take 1 point of penalty".
What a shame typical Italian do whatever you want "thing".
So basically what happened is that the Italian Health authorities denied Napoli the possibility to play the game. This created a sort of law conundrum because, of course, what's being said by health officials prevails on Italian Serie A decisions. Therefore the game will be postponed to January 13th and Napoli will get some sort of penalty because they did not follow covid-19 health protocols. No 3-0, which is good.
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I am personally testing BlueWallet (BLW). I wanted to try a Lightning Network ready Bitcoin Wallet and I choose BLW. I must admit it's very user friendly and with the new desktop release it might become a good alternative for other wallets. Anyway, so far my point was to try it for doing a few LN txs. Good for now.
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Jack Dorsey and Square $SQ just announced they've invested around $50M into Bitcoin
https://twitter.com/stockmktnewz/status/1314189433349038082?s=21 *SQUARE: CRYPTOCURRENCY AN INSTRUMENT OF ECONOMIC EMPOWERMENT
*SQUARE INVESTS $50M IN BITCOIN
https://twitter.com/deitaone/status/1314189340726177793?s=21Press release from Square:SAN FRANCISCO, CA – October 8, 2020 – Square, Inc. (NYSE: SQ) announced today that it has purchased approximately 4,709 bitcoins at an aggregate purchase price of $50 million. Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose. The investment represents approximately one percent of Square’s total assets as of the end of the second quarter of 2020.
The MicroStrategy idea is slowly trickling down the Street. Slowly at start, then all of a sudden! This does not surprise me anymore (and I guess also others share the same feeling). Do you know what could probably amaze me? Perhaps Pope Francis switching all the Vatican reserve to Bitcoin. Yes, that could do it.
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It looks like it will be increasingly hard to maintain a balance between health and safety for both players and staff and the obvious money business. I am a bit pessimistic that serie a will reach the end if covid will be bad again.
Probably yes but actually the situation in Italy is better than UK France and Spain. Right, but that does not mean much. You can clearly see that protocols are not very clear and if they don't find a common ground between the health officials and the football federation many more games will probably suffer the same fate.
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Hi WObservers. Today I am taking a day off the charts, the barts, the cats, the cattle, the words and the CCMF. A lot of sun outside, about to go out. Bitcoin, come on, have some rest.
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I never want to wish any thing bad on a person especially person who is involved in BITCOIN.
But this man had it coming with his statements and predictions.
I think over the years he has made more enemies then friends and thats never a good idea.
This. Not to mention he has always played in that grey area that stands close to the law. I am sorry for the man because in a way he was fighting a good battle at first but then the character came on stage and this is how it ends. Or maybe this McAfee saga will have to be written again. We will see.
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We have seen many times that test turn from negative positive after some days. Juventus is playing in European games so as Napoli so it is a very sensitive thing and it should be treated carefully. I believe that Juventus' players should make tests again in order to be sure that they are not infected.
Players are tested every 4 days in Italy and before every match. So far we have 0 positive in Juventus so what the other user was posting was a fake news. Anyway today they found 2 positives in Inter. It looks like it will be increasingly hard to maintain a balance between health and safety for both players and staff and the obvious money business. I am a bit pessimistic that serie a will reach the end if covid will be bad again.
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Federico Chiesa is very close to sign a contract with Juventus (a 2 year loan contract with Juvetus). The deal will be made if Fiorentina can expand the current contract between them and Chiesa, that will be expired after the 2 year loan contract ends. It means La Viola don't want to lose Chiesa for free after the loan contract ends as well as their current contract with the player finishes at the same time. https://www.juvefc.com/one-thing-holding-up-federico-chiesa-move-to-juventus/It was interesting to watch the reaction from Fiorentina supporters: poor guy this Federico Chiesa, he got treated like a traitor only because he's looking forward to boost is career. It's very sad to recognize how stupid football supporters can possibly be. That is common thing in Italy.Supporters there will never forgive their lead player if he decides to go to another team and there are a lot of cases like this in Italy.The only player they respect is Francesco Totti who spent all his career in the Roma team of Serie A and people still love him today while his substitute which was going to be Daniele De Rossi left Roma and people still haven’t forgive him. True, but this definitely contributes to create a very toxic environment for such young talented players. Italian supporters (ultras/hooligans) are completely nuts when it comes to this. As you said only few players have been respected for having played basically their whole career with their respective teams: I personally recall Totti, Maldini and Del Piero.
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The point is that numbers are not picking up fast enough. There is an high auto-correlation in employment numbers. To put it differently: there is an higher chance for business that didn’t hire recently, not to hire the next month. This is why a strong and fast rise in employment number is crucial.
That's right, but looking at how the covid situation is evolving I believe many businesses will slowly think to prepare for a long term depression. This might translate into few new jobs and lots of dismissals. And I am not taking into account that hyperinflation could soon kick in even in the West. For those who have a few bitcoins that will be the time to understand how fortunate we have been to got into it in the first place. This is the point. COVID was not a temporary effect on the economy. But a permanent distortion that will hinder for many years the growth of economies, also given the heavy burden of the debt we are playing off today. And in fact, those who recognized this in advance have been able to buy good performing assets at the right time during the big March sell-off. I am so glad to have been able to buy some bitcoins in that period. We will never see those prices again. Going back on topic, my thinking is that covid was the perfect storm for a complete economic reset (which I am definitely afraid of, since those in charge before the storm are still driving the boat).
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@Jimbo I really hope everything will be ok for you! You did what was right, hopefully serious happens and no lives will be taken.
Talking strategy... I guess we all have a point in which we would like to indulge in our deserved holding wealth. I always repeat to myself that it's a question of time. Take it like this: bitcoin is giving us time to prepare in advance for when the time is ripe. My 2 sats of course
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The point is that numbers are not picking up fast enough. There is an high auto-correlation in employment numbers. To put it differently: there is an higher chance for business that didn’t hire recently, not to hire the next month. This is why a strong and fast rise in employment number is crucial.
That's right, but looking at how the covid situation is evolving I believe many businesses will slowly think to prepare for a long term depression. This might translate into few new jobs and lots of dismissals. And I am not taking into account that hyperinflation could soon kick in even in the West. For those who have a few bitcoins that will be the time to understand how fortunate we have been to got into it in the first place.
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You are doing a truly amazing service to the large crypto gambling community here. I guess reviewing also all the new sites that pop up every day is hard but keep up with your excellent work. On a completely different note thanks for the exclusive promos you are able to get with the different casinos.
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Federico Chiesa is very close to sign a contract with Juventus (a 2 year loan contract with Juvetus). The deal will be made if Fiorentina can expand the current contract between them and Chiesa, that will be expired after the 2 year loan contract ends. It means La Viola don't want to lose Chiesa for free after the loan contract ends as well as their current contract with the player finishes at the same time. https://www.juvefc.com/one-thing-holding-up-federico-chiesa-move-to-juventus/It was interesting to watch the reaction from Fiorentina supporters: poor guy this Federico Chiesa, he got treated like a traitor only because he's looking forward to boost is career. It's very sad to recognize how stupid football supporters can possibly be.
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I guess people really have nothing to do with their lives. Have some fun here https://bitcointalk.org/index.php?topic=5280092.0God bless it was locked already! One can not even put satoshi's address to his profile anymore and live happily ever after Thanks v8 for your pm
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Going back to what matters here I think the issue regarding satoshi's coins is real: I believe it's easy to implement quantum countermeasure going forward but doing that to those coins is a completely different thing.
Exactly. There has been a lot of debate and discussion about what should be done about vulnerable coins, including those presumed to belong to Satoshi, and the suggested solutions vary greatly. Everything from "Leave them alone and if/when they are hacked, so be it" through to "Irreversibly lock them so no one can ever spend them again", and everything in between. theymos made a controversial post about this on Reddit a few years ago which you can read here: https://www.reddit.com/r/Bitcoin/comments/4isxjr/petition_to_protect_satoshis_coins/d30we6f/. He was essentially saying that if the coins are going to be stolen anyway, it would be better to just lock them instead. Although I can see the merit behind such a proposal, it does not sit right with me at all that the community is choosing to lock/freeze coins which aren't theirs. achow101 has proposed a solution I find very interesting in the last few paragraphs here: https://bitcoin.stackexchange.com/questions/91049/why-does-hashing-public-keys-not-actually-provide-any-quantum-resistance/91050#91050. Essentially it says to lock coins which are vulnerable, but provide some quantum resistant mechanism for the real owner of the coins to recover them, perhaps via a zero knowledge proof of knowing the seed phrase which was used to derive the relevant private key. This wouldn't however work for earlier P2PK addresses which were not derived from a seed phrase. Yes, that's the thing! I completely agree with you: to lock someone else's coins is not something that should be done easily. I guess the solution suggested by achow finds me well. Whatever it is, this is something that needs to be addressed.
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That's not accurate, and that article is also incorrect. A quantum computer running Grover's algorithm can solve a hash in sqrt(N) operations rather than N operations. Although that article correctly states that SHA-256 could be broken in 2 128 operations instead of 2 256 operations, 2 128 is not half of 2 256. Half of 2 256 is 2 255. 2 128 is the square root of 2 256. Sqrt(N) is a much greater speed up than N/2, but 2 128 is still far too many operations to be feasible any time soon. Still, if you read my post above, breaking hash functions is not the concern with quantum computers - breaking elliptic curve multiplication is. Quantum computers can speed this up exponentially, meaning all coins in P2PK address (including ~1 million coins thought to belong to Satoshi), and all coins on addresses which have previously been used, are vulnerable. Thanks for your explanation, after a second read and given your clarifications I can say that article is too simplistic. Going back to what matters here I think the issue regarding satoshi's coins is real: I believe it's easy to implement quantum countermeasure going forward but doing that to those coins is a completely different thing.
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