The gox trustee isn't allowed to dump any more coins unless the court orders him to. The last dump was because the court decided he needed more money to pay interest on all the fiat owed.
The trustee says he's almost sure civil rehabilitation will be approved, which means all those owed Bitcoins get paid back in Bitcoins. Although there might be another sale of a relatively small number of coins the vast majority are likely to get returned to gox's customers. Yep, seems that way. If it goes to CR, we'll probably be looking at a year or more of lockup while all the claims are reassessed. If we get CR, a lot of involuntary holders will likely dump at least a portion of their coins. On the plus side, more of them will dump their btrash.
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I don't know what he was doing before, but now he's getting rekt on Twitter, apparently:
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I heard a bitcoin maximalist somewhere make an interesting point recently. He said if you support any altcoin (or bitcoin fork), you're essentially supporting the continuation of the legacy fiat currency system, as you're supporting the printing of money out of thin air.
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Of course, the world has not yet seen a blockchain that has been battle-tested, that does not reward the maintainers in a native token. So there's that. What's the incentive? Unless someone solves this problem in the realm of game theory, it is impossible. This is one of the absolute foundational pillars for the stability of bitcoin the removal of which would create a sort of 2 legged stool. I'm curious as to how all of this is going to play out in the short-medium term. Some questions I've been asking myself: Will there be a mass realization that blockchain without bitcoin is just a slow, shitty database? How long will this realization take? When/if this realization takes place, will it fuel Bitcoin's moonshot? Alternatively, will people become disenchanted with "blockchain" altogether, and throw the baby (bitcoin) out with the bathwater? Will this kill off most alts?
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Mine is above 140; Where does that put me?
Autistic. I would bet bitcoins to donuts that Satoshi's IQ was in the 110-140 range. Along with all the core devs. So once again, r0ach can rightly fuck off. Did satoshi and the core devs build bitcoin because the thought it was going to moon and be the new world reserve currency or just because it was a fun tech project? Do you troll here just to talk your book, or because you have nothing better to do? I don't see how your comment is relevant and how my comment could possibly have something to do with trading or my book. It seems you are stuck in one mode of thinking. One false dichotomy deserves another. I'm sorry you are having such a tough time with your trades this week. I'll take trolling for $1,000, Alex!
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I signed a million year contract with the Sea Org once. You never live that down.
Once you go that far anyway, why stop at a million? That's the problem with those people. They have no vision. Nocoiners
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Mine is above 140; Where does that put me?
Autistic. I would bet bitcoins to donuts that Satoshi's IQ was in the 110-140 range. Along with all the core devs. So once again, r0ach can rightly fuck off. Did satoshi and the core devs build bitcoin because the thought it was going to moon and be the new world reserve currency or just because it was a fun tech project? Do you troll here just to talk your book, or because you have nothing better to do?
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Hilarious
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I wonder where r0ach is getting the energy from to do what he's doing. He clearly has 0 followers, noone rarely agrees with him and he is being bashed nonstop. Or does he really think he is smarter than everyone else and he is genuinely trying to convert us from stupidity of cryptoworld to the high intelligence of silver trading? Lol.
Just wondering, maybe I should take a book of psychology to understand someone who seems smart but is so utterly stupid.
Many woulda-been, coulda-been Bitcoin millionaires become bitter, anti-Bitcoin zealots.
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Stay tuned for the next episode of Hoarders - Buried Alive where the wall observer continues to hoard all of their bitcoins at all costs and develops a serious roach infestation. Hey, all those Diet Pepsi boxes could come in handy some day.
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Meanwhile, in BCash Land, many lulz are being had. Quick - Someone send a shipment of bananas to the bcash development team so they can fix this shit!
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By Bitcoin, I mean BCH - the real Bitcoin. Does that change your answer?
Paging @Theymos. Requesting new thread manager. infofront has drunk deep of the kool-aid. You Have My Sword, And My Bow, And My Axe... /s You fool. Don't you know you've already lost? Your pathetic weapons are of no threat to us. We control the mining and ASIC production. We own bitcoin.com, /r/btc on reddit, and @bitcoin on twitter. Bitpay, the only major bitcoin merchant processor remaining, has been shilling bcash for months. Brian Armstrong of Coinbase is in our back pocket. Didn't you hear? We have Craig Wright on our side. Yes, that's right - Satoshi Nakamoto himself has fallen under the dark influence of bcash. As we speak, Ver is sending his Roger Wraiths to secure bitcointalk and /r/bitcoin at any cost. Soon enough, your precious Theymos will be just another sockpuppet in our endless bcash army! There is no hope. It is only a matter of time before we control the one blockchain to rule them all.
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Perhaps we'll have a delayed Consensus rally again?
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Here's a philosophical question: Can you be a Bitcoin Maximalist and still have some pet alts?
In theory you are a good person. In practice you are a degenerate. That's my final answer. By Bitcoin, I mean BCH - the real Bitcoin. Does that change your answer?
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The "BullBear Analytics" newsletter explains why we likely didn't see a Consensus rally this year: While there is still time for the bulls to pull off a miracle and rally price above $9,000 in time to call it a Consensus-driven move, we don't think the odds are very good considering the technicals are clearly pointing to more sideways consolidation while the sentiment surrounding the conference itself is mixed at best. No doubt it is a good sign that this event has gotten so large and garnered so much media attention, however that also may be its downfall given the reviews of everything from the registration process to actual access to the speakers has not been great to say the least. Additionally, the number of projects marketing and presenting that have no working product, much less revenues and/or profits, has apparently skyrocketed which has led many to compare this to the "internet" conferences of the late 90's which were a precursor to the crash. Whether or not the broader crypto space is in that sort of bubble remains to be seen, and we highly doubt BTC is specifically, however at the very least we can say that there appears to be saturation which might be one of the reasons the markets are not rallying this year like they have in the past.
TLDR (edited): Consensus has become a cesspool of ICO shitcoin/"blockchain" scams.
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Here's a philosophical question: Can you be a Bitcoin Maximalist and still have some pet alts?
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TLDR: Consensus has become a cesspool of ICO scams.
Have you looked at the agenda? There aren't any ICO's there. Not saying the conference is good. I'd say there's a lack of good speakers (such as Andreas). There's a lot more to a conference than just the official speakers. And among the speakers, there may not be any ICO salesmen, but there are plenty of shitcoin shills and representatives of "blockchain" companies. Hell, Roger Ver would be a speaker there if it wasn't so hard for a convicted felon to get a visa. https://www.coindesk.com/events/consensus-2018/agenda/
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The "BullBear Analytics" newsletter explains why we likely didn't see a Consensus rally this year: While there is still time for the bulls to pull off a miracle and rally price above $9,000 in time to call it a Consensus-driven move, we don't think the odds are very good considering the technicals are clearly pointing to more sideways consolidation while the sentiment surrounding the conference itself is mixed at best. No doubt it is a good sign that this event has gotten so large and garnered so much media attention, however that also may be its downfall given the reviews of everything from the registration process to actual access to the speakers has not been great to say the least. Additionally, the number of projects marketing and presenting that have no working product, much less revenues and/or profits, has apparently skyrocketed which has led many to compare this to the "internet" conferences of the late 90's which were a precursor to the crash. Whether or not the broader crypto space is in that sort of bubble remains to be seen, and we highly doubt BTC is specifically, however at the very least we can say that there appears to be saturation which might be one of the reasons the markets are not rallying this year like they have in the past.
TLDR (edited): Consensus has become a cesspool of ICO shitcoin/"blockchain" scams.
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