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Yeah, even if they wanted to, they wouldn't have the expertise they would need in blockchain analysis... Nor the context of crypto exchanges to understand how things happen. Might end up relying on the mountains of evidence anonymous/pseudonymous users have gathered over the years on Spoofy et al.
But to what ends, I do wonder. Like you said, how will they go after these guys? Extradition requests? Made on which grounds?
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$5000 is quite on the lower side and would indicate a serious drop in demand since it will break through several bottoms.
Main bottom is still what I believe to be ~$6000 that we marked back in February.
Main main MAIN bottom is ~$5600 that we marked last year.
Regardless of the price jumping up and down, long term speaking higher bottom development indicates growth, it's just that the upper (speculative) layer isn't really convincing, and it shouldn't be without anything interesting for people to jump on. In other words, the market is still going up, but not in the speculative way people like to see it go up.
My bottom development structure;
level 1 ~$5600
level 2 ~$6000
level 3 ~$6400
level 4 ~$7000 (in progress)
The gap between level 3 bottom and current price is ~$1400 so we have plenty of more room for downward force. It doesn't mean we will be going down that much, but we have some breathing room.
So basically, there is no real bottom if they are all mains!;) Just as there are no real tops. Personally, if you're thinking to wait for dips to take profit on recoveries then any time now is still a good buy, only that every new main bottom breached adds a month to recovery wait. Bitcoin is really playing out its consolidation phase this quarter, and at breathtaking pace as usual. We've thrown out double bottoms, higher lows suddenly replaced by floor revisits. White knuckles for a good many months, my friends. |
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Ya right . We'd rather celebrate the existence of bitcoin rather than any other unimportant events because if bitcoin wAsnt invented we cant now be a little wealthy right now. However i guess these kind of celebration is only for big bitcoin investors or users and it isnt really recomended for most of the people who aint earning that much ( including me ). Id rather celebrate my own birthday because that is more important than bitcoin or any other events.
Yet i would be happy and most of the users here will be happy if someone can host a special giveaway in order to celebrate some of the bitcoins memorable events.
Hello Pinoyden and Kasemin. (And others who want to parrot them to increase their post count). 22 May is the day when 2 Pizzas were bought for 10K BTC. This is almost 85 Milllion USD today. If it was not for people like laszlo, bitcoin would never be where it is today. Laszlo was the guy who first tried mining with a GPU. Do you realize the kind of work he would have put into it? Sure he was an experienced programmer but realize that people like him took it upon themselves to work on this technology (without the greed for reward) and make it popular. This is what enables millions like you & me today, to "earn a little". Nothing is perfect but in this cherished past, there was a passion, honesty, hardwork and earnestness behind these actions. Something which is impossible to come by, now that money is involved. People remember that and want to celebrate that. This is as important a day as any can be. So, for a moment, please leave this pettiness behind. Stop trying to evoke sympathy by self-pitying or begging and for heaven's sake, >  just for once, be glad and thankful you are here. Happy Bitcoin Pizza Day! Spend what you can. And today, 3 pizzas were bought and enjoyed for 1 million satoshi  Thank you Manish, the selections were delicious and the Bitcoin well spent. Maybe one day, this will be worth millions too, eh? Guys like Laszlo did every bit for our ecosystem as any developer ever did. He was one of the first to give "real world" value to this thing we take for granted, and I like to think that every transaction, spend, purchase we make for things we need in our daily lives plays a role in how people will view Bitcoin years from now.  |
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^ So jealous. Try posting some pics if you can. Damn... I wouldn't mind listening to 'You'll never walk alone' sung by thousands of Liverpool fans in a big ass stadium even as a City fan.
Enjoy the experience. And I hope LFC wins!
I was a bit paranoid about posting pics on here before but fuck it, I suppose nothing would come of it. I’ll post some pics of me & the Mrs at the stadium & do a couple of vids of the fans or some shit. I pray we win too, I couldn’t afford it in Istanbul 05 or Athens 07, was young but this is my chance. I can die happy if I see us lift the big one  I did a bit of googling, a pint of beer is the equivalent of between £0.60 - £1.00 in Ukraine. Happy days. Please. Post the shit. I don't know about the rest but me and tokes want to see all of it. I've been reading that a lot of people who booked hotels months earlier were suddenly informed of mysterious cancellations, only for those rooms to reappear with jacked up prices. Don't recall this happening much with other games, but I guess there are going to be hoards of fans from a generation ago who never thought they'd see Liverpool in a CL final again in their lifetime. Win or lose, this is something we'll all remember. Of course, I really wouldn't mind replacing my current favourite football memory with Kiev, even if I won't be there. I booked out a nice quiet room for the viewing with me and mine. Want to savour it all. |
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From proxy-tokens DEX to multi-sig escrow DEX to atomic swap-enabled DEX, the decentralized crypto trading ecosystem is evolving, but this evolvement is yet to address issues related with liquidity/advanced trading functionality/user-friendly interface, but at the same time, platforms like Blocknet and BarterDEX are somewhat resolving the user interface issue.
Although centralized exchanges are against the ethos of decentralized cryptocurrencies, I don't think they are going anywhere. There would always be investors who would prefer centralization/convenience over decentralization/ideology/privacy/security. The early investors traded Bitcoin in a decentralized environment, but the next wave of adoption which is in process now, 90% of investors were introduced to crypto market through centralized means.
But, I think, in the long-term as the crypto market matures and decentralized trading platforms comes up with better functionality and user experience, the adoption phase from here would be dominated by investors who are privacy/security oriented and do understand the potential of trading Bitcoin in a decentralized environment and I guess from this point we will be seeing a big switch from CEX to DEX, but definitely it's going to take some time.
I don't think there's anyone who wouldn't support DEXs - I've been waiting for over a year now and have to say have been mildly disappointed with how unsatisfying they have been - with the mild exception of Waves, for example. But as you said, there's that Catch 22 issue that's affecting DEXs even though they've been around for two years now. Liquidity is still the killer. People won't come to DEXs if there's no liquidity, but there won't be liquidity until people start coming onto them. I haven't been successful in getting people to trade over Waves or even Counterparty - even though the former has got an interface that's as simple as could be. I think once atomic swaps become as easy as single click execution, we might get a new wave of people coming onboard. But not until people actually learn how to use their own wallets can that happen. Most are still perfectly happy having a custodian (centralised exchange) taking care of their funds. |
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Reading through, I think the focus of the write up was focused on stable coin (feel free to enlighten me further) but the issue is that coins are not always stable and those ones that are stable to me won't get the amount of patronage that the more volatile enjoys because that is what guaranteed either losses or gains and how you play it, decides which part you will fall into.
Also, I don't subscribe that the centralized exchanges are one of the single main failure of crypto currency ecosystem simply because the market is so big for everyone to feature depending on how you want to operate, as we have the centralized serving some amount of customers based on their needs, we have the decentralized you rooting for and also the peer to peer which is my favorite and all are contributing their qouta to the development of the entire ecosystem.
That's what I got out of this too... and that's the premise of a lot of new platforms/exchanges out there. They're creating all kinds of "stablecoins" or implementing algorithms to control volatility, some based on a basket of assets, some on a basket of currencies, some using self-governance to help maintain but the ones I've followed haven't achieved even a fraction of the adoption they're fighting for, despite the huge amount of marketing poured into these projects. I'd agree that it is precisely the stability that hasn't helped - mainstream traders actually want a coin that appreciates (whether they admit it or not). I don't blame centralised exchanges either for the market. Like you, I'm actually very P2P supportive (and I still believe a significant amount of that is missing from volume tracking generally), but can't ignore the roles of exchanges in easing newcomers into the process of obtaining their first crypto. |
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End of the day, what kind of wallet you eventually will want to settle for should meet your needs, and shouldn't, in my opinion exceed your needs and technical abilities. Some people want to go for "maximum" security but then lose their coins anyway when they get lost in the technicalities of multisig or even hardware wallets.
If your investment is modest, fully agree to use Electrum. Easy enough to learn, good enough to teach you more advanced functions. Always test with a small amount you're willing to lose whichever new feature you're unfamiliar with.
For most users, having sole control of your funds (you're the only one with private keys and/or seed) should be more than enough security. But that's just my opinion.
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Then you're talking about so-called offshore jurisdictions then. This might help explain how you're in discussions with two countries. No way you could ever do that in a non-offshore country and have the time to ask people in this forum about it! Since this is crypto related, I'm sensing either Gibraltar or Malta here, though the former's crypto laws if I recall will be regulated by an EU watchdog.
Private banking licenses are fairly easy to obtain, provided you have the capital and agreements in place. Swiss private banking redux?
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Been a while since we saw this type of criminal caught and prosecuted, but I do wonder why the focus has been on money laundering, rather than the fraud and theft, which seems the main crimes to me. I guess the Bitcoin mention's the sexy headline grabber here.
The real crime is how this remained his modus operandi for 10 years. Did the credit card companies or even services compromised not flag his activity from early on? When you see people selling CCs and bins from the same sources, should have been enough to track them down pretty early and easily.
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Well, I'm in a good mood and have never celebrated the day so here is my "contribution". If anyone wants to send me pizza for Bitcoin today, I'll take three large ones with an address in PM, for 0.01 BTC (they are worth less than half that at the moment). I can only accept one offer and will update this post when I do... I can't eat more than 3 unfortunately! No escrow, you're just gonna have to trust me like people trusted Laszlo 8 years ago ME ME! Looks like I am the first one who gets to try this..  Never done this before but I would love to try and order an international pizza. PM me your address. OK! You're getting a PM from me, we can take our time to get things done over forum and PM. I neglected to mention a max time but am aware most of the world is half a day ahead of me. A bit late to do it right now (way past dinner here) but I'll make sure you get your Bitcoin for pizza, provided all goes well of course. On to our own small piece of history |
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Should not be so complicated... If you're taking a bet and settling it for two parties, then it makes you little different from a casino. If your main problem is people don't like depositing, then approach the challenge as you would if you were a casino attracting gamblers. That trust has to be built over time.
You could always consider escrow services or build one like localbitcoins, but it still requires trust. You could bank on reputations of escrow providers like coinpayments but gamblers won't want to pay the additional fees I can almost guarantee that.
Last option is to consider trustless smart contracts, but not all blockchains have that handy.
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Looks like I'm not the only one keen to join all three pools! Can't have too much football I say.
Confirmation from me to join World Cup pool, and both EPL 2018/19 pools (total GBP 150).
To anyone wondering if this pool is worth joining: I play a pool almost every year and have never had as much fun as in the previous edition hosted on bct by OP.
@LFC, it's probably not as fun as club football, depending on where you're from, but if you're Icelandic or Senegalese, for example, there's a lot riding on WC, and I'm always cheering the underdogs.
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Haven't noticed that trend at all. Then again, I don't waste much time reading about new ICOs unless they're work related. But haven't people always been joking about Bitcoin anyway? Doesn't necessarily translate to negative impact. They say any news is good news, and the more people hear about it, the more likely they are to want to learn more about it - just like I did when I first heard about it. It took me years before I finally got down to using it, but might have been longer had I not heard about it first.
Besides, these people you talk about all understand how their fates are tied to Bitcoin's fortunes. Even the most voracious attacked or Bitcoin (let's say BCH for example) won't deny that their destinies for now are determined by Bitcoin's.
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Well, I'm in a good mood and have never celebrated the day so here is my "contribution". If anyone wants to send me pizza for Bitcoin today, I'll take three large ones with an address in PM, for 0.01 BTC (they are worth less than half that at the moment). I can only accept one offer and will update this post when I do... I can't eat more than 3 unfortunately! No escrow, you're just gonna have to trust me like people trusted Laszlo 8 years ago |
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It's not exactly something to miss since it doesn't exist yet but a true Bitcoin enabled debit card would be nice to have. Every single crypto debit card that's ever been proposed or built is still based on Visa or MasterCard. And they have always proven problematic whenever these providers change their stance on Bitcoin/cryptocurrency.
I suppose if every merchant began accepting Bitcoin and via Lightning Network, we'd see this new network displacimg Visa/MC but people still probably want to be able to swipe and pay with a pin or wave... Scanning QR codes and signing transactions still presents a step people are unwilling to do.
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With all that in mind it's a near miracle we haven't tanked back to single digit figures.  I was thinking the same myself for the longest time, ever since the doomsday prophecies of Bitcoin forks back starting back in July last year, that we're all holding on white-knuckled, and yet breathing easily. Threat after threat has been dealth with, the tech and community have been shaken but not defeated, and the markets have backed it up with solid prices in the midst of adversity. Bitcoin's resilience is nothing short of incredible - all these minor dips and "crashes" I don't think any longer are FUD impacts, simply natural forces in a market that's really in a league of its own. |
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I don't really want to comment on your incident with PrimeDice but generally I hate Gambling sites asking for KYC documents when they're operating on fake licences.Should they really wish to impose KYC polices on their players, they should do so while players creates an account or makes his first deposit.
Bringing KYC as a formality to delay or investigate wins/withdrawals is a pathetic attempt to disappoint customers.Be a responsible gambler and check if the terms and conditions beforehand.
Ah, I'm beginning to understand a bit of the background and context now but yeah, this really unfair practice should be stamped out. It's very similar to many previously unregulated exchanges who did the same thing. Using every excuse in the book to withold a withdrawal. Like I said, there are some valid justifications but asking for verification documents is seldom ever necessary had correct security implementations been in place earlier - not to mention that they'd happily take your funds without first doing that verification. Shady at best, unethical and wrong at worst. Dread to think about what all that data could be exposed to just lying around in someone's computer. |
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Blockchair's a really decent block explorer, admittedly I've only ever used it because other explorers earlier weren't able to support looking up of Bech32 addresses.
Now that Bitcoin's scaling "issues" seem to be put to bed, at least once Lightning Network truly gets underway, we're expecting privacy to be the next technical aspects to be considered for development. As analytics get more advanced, do you think blockchair and your team will be able to keep up should Bitcoin implement privacy-related upgrades? Stopping short of asking if you guys will be able to offer the same sort of information and data on coins like Monero.
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Because these casinos already have to complete due diligence, including AML and KYC requirements for the licensing, gaming, financial and banking jurisdictions that they work under. If the casino doesn't ask it from you, they likely don't owe any of the above to their jurisdictions.
But fair point: a lot of casinos online actually aren't under strict regulations and only use KYC as an additional means to clamp down on fraud/cheating. This to me is a little unfair, especially when enforced post-registration, usually at the time users request withdrawal. Use this positively though. Casinos that do that should be named, and people can move on to other less unreasonable places to bet.
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on one hand it is understandable that people like Warren Buffet don't understand bitcoin and don't see it as an investment. being old ancient apart, he considered companies that are giving some product or service as investment not a currency. so he probably sees Forex the same way too.
on the other hand calling it things such as "rat poison" and saying "it won't end well" is just silly because we all know that bitcoin is the best technology that could have happen in economy field and also we can see that all around the world people and the government are adopting it with open arms.
If you're even more unforgiving as I can sometimes be when it comes to guys and their sweeping statements like these, you might even say that these dinosaurs know precisely what Bitcoin is, and have always understood its ideals and its overarching potentials. Which is why they fear it and can sense that their end is nigh - even if they won't live to see it, the natural instinct for their empire to thrive long after they've gone will require them to attack Bitcoin as they should, for the threat it poses to their very way of life. They want history to see them as the champions they've begun to believe they are, and don't want to be remembered as part of a failed institution that consistently brings countries and lives to ruin. |
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