We should be hoping that India or rather the government of India will have an open mind on cryptocurrency as it has one of the most vibrant, young, hi-tech and talented pool of human resource that can work well with many fintech companies to pour in once the country has a good regulatory framework for this industry. But in my estimate there are more chances that the bill banning cryptocurrency can be passed by the legislature as the same leaders will soon assume into their seats. I am personally sad about this turn of events. Now, am waiting for a movement against that bill and for passing another law regulating and allowing cryptocurrency. India is already so behind with the blockchain and cryptocurrency as many countries in Asia are all set to exploit this opportunity.

Next year, there will the scheduled halving of Bitcoin. For people who are still new, the term can be a little dizzy. To make it clearer:

In case you are wondering, this means that the number of Bitcoin issued per each block, mined every ten minutes, will fall from 12.5 BTC to 6.25 BTC. In other words, this reduction of 50% will cut the block reward given to miners in half and further slow the production of Bitcoin’s finite supply. Source.

So this has something to do with the supply. The rewards available for miners is effectively reduced into half...or 50% less. This can slow down the production of more bitcoin coming from the side of the miners.

And this is the reason why some analysts are predicting that after and even before the scheduled halving, bitcoin can experience a great surge or a real bull run. Do you see this as a big probability or just another hype?

No, I don't think your suggestion can be rubbish as that can have of some value too. Maybe this can be taken up by some people who are very much involved with bitcoin and its processes. Indeed, if the same hashing power can also be used with other worthwhile cause then bitcoin as an ecosystem can be more valuable and can be serving humanity more most especially that it is taking a chunk of electricity to run the whole thing. I am hoping that somebody can propose this or if the idea had already brought out sometime then maybe it can be re-examine to see if integration can be possible. Now, am not really an expert on bitcoin but I do agree with what you mean.

Apparently Bestmixer is based in a country which also has a strict anti-money laundering laws and when authorities saw that the platform had been used in that way then investigated further and then the rest is history. I am sure this is sending some shivers with other more popular transaction mixers but i am hoping this can't happen to them as there are really people who prefer to use this service for their privacy and protection and whether they are doing illegal or not that is not for me to decide.

The evidence presented here can be enough to convict of that another project that plagiarized the original one. One thing, I could not really understand why some scammers can also be so dumb. How come they think that nobody will ever notice that they are just copying content of other projects? Maybe they don't have any money to start with to buy an original WhitePaper that is why copying became the best option. I am always glad that there are people who are exposing these scammers so we can somehow lessen the number of victims of these schemes.

IEO, ICO or even STO...these can be good platforms for crowdfunding but when human nature gets in the way things can spiral and can result into disaster and misery especially on the part of the investors. Just like in 2017, there is a growing interest with IEO with some projects selling like hotcakes. Since the crowdfunding is done in an exchange, good projects can receive good reception and one can easily trade the tokens or coins in the same exchange. Will there be a frenzy soon for IEO? That can be possible but it is always good to remain on the sideline and just act when we see a good opportunity.

This can be a good project. Is this teaching the poor with the goal of using cryptocurrency to make some money that can help them in their everyday expenses like food, clothing, shelter and education. I am suggesting you partner with capable people and also start building up the finance or funds needed for the project. You can convince some to donate their time and effort for the project but if you can have the way to get sources of money, then the project can proceed faster and with ease. Good luck with your project!

Ten or twenty years down the road, I am sure that bitcoin will remain to be the top cryptocurrency and remains as the official representative of the entire industry. Not because it is perfect because it is not but because it remains to be the flavor of the month with holders, traders and just plain enthusiasts. However, it does not meant that alts will not be here because after all this is an open market and anybody and anything got the same right to compete and to show what they got. Actually, there is nothing like "official" here as we are in a decentralized platform.

Malapit na ang pyesta dito sa amin kaya meron na ding peryahan. Kahit sabihin natin medyo may kalumaan na ang ganitong istilo ng pagsugal (na may kasamang entertainment din naman) eh meron pa rin talagang nahuhumaling sa ganito. Pero bihira na lang ako makarinig na na-adik sa peryahan kadalasan kasi dito sa peryahan barya-barya lang at depende sa lugar kadalasan di naman sila 24/7 kaya yung mga lulong sa gambling dito sa amin dun sa may barahaan ang punta. Sana may maka-isip na yung mga laro sa perya eh gawin na ding online at digital at gamitan ng cryptocurrency. Ako kasi di talaga mahilig sa sugal pero natatalo ako noon sa mga scams -- nakakatuwa talaga ang buhay!

Wow. I am amazed just looking at the diagram. So there is a very effective way to trace all transactions starting with the hacked accounts or wallets and into the many wallets where the coins flowed through. However, what is also amazing is that there is nothing we can do aside from watching the movement. Sad to know this big reality. I am hoping there can be a small slip where one wallet address is identified to a certain person so that an investigation can be possible. Am I talking some sense here?

In most probability, that is what happened here. Just filing the copyright claim for him means he is now the owner of the Bitcoin  WhitePaper and all the rights inherent with it. Wrong move. Craig Wright never amazes us all with all of his funny actions and even comments which the media loves to play with. He is a good joker, to say the least. I am sure that someone will contest this registration and a big and enjoyable war can ensue. The man is just downright crazy but then he is making money along the way especially with his BSV which pumped two days ago due to the copyright claim news.

So at the end of the day, we could be laughing at him while he is actually laughing to the Bank of Wright or Wrong!

How can bitcoin transactions be free when all has to be confirmed by miners? Unless there is now a technology for bitcoin that can do away the confirmation job of the miners then maybe this is possible and feasible. So maybe OP should expound on this some more here. I am always open for any innovation especially one that is using the word "free" and "fast" but if this is just a hype or if there are strings attached then this may not be for me. Let's give the space needed by OP for more explanation.

This should be the litmus test for Craig Wright and we should never accept any explanation or any ground why he can't move those wallets. Of course, being a man of lies and many bad jokes, he will try to explain things away. In my opinion, Craig Wright is just manipulating the whole industry and the media (including the mainstream) for his own interest. And the more attention he got, the happier he is. At any rate, he can be the official entertainer of the whole cryptocurrency industry and since he is not demanding for us to pay him then let's let him do whatever he enjoys to do.

I agree. Let Craig Wright do whatever he wanted to do and be the clown for all the media to enjoy with. He craved for publicity and he will do anything to make that happen. The U.S. Copyright Office has already issued some clarifications on the process of filing for the copyright of any document...it is not actually for them to decide for that and that they are just a receiving and filing office. They need to issue such clarification because of the media frenzy Craig Wright just made proclaiming that he now own the copyright of the original Bitcoin WhitePaper. The industry need good leaders but sometimes a clown can come and we can realize that he is not really bad at all in that role.

Even as bitoin SV (BSV) enjoyed a Craig Wright/Satoshi bump Tuesday, the U.S. Copyright Office was hard at work dispelling notions that it officially “recognized” anyone as the inventor of bitcoin.

“As a general rule, when the Copyright Office receives an application for registration, the claimant certifies as to the truth of the statements made in the submitted materials. The Copyright Office does not investigate the truth of any statement made,” the Copyright Office wrote in a press release. “In a case in which a work is registered under a pseudonym, the Copyright Office does not investigate whether there is a provable connection between the claimant and the pseudonymous author.”

All it takes to register a copyright is $55 and a stable internet connection. In short, any claim that the U.S. government has registered Wright as the author of bitcoin are spurious at best. Why did the government go to the trouble of clarifying this point? Wright’s actions required it. On Tuesday, a press representative sent a widely read release that suggested, in short, that the government accepted Wright was Satoshi.

Further Read Here: https://www.coindesk.com/us-copyright-office-says-it-does-not-recognize-craig-wright-as-satoshi

Oh, its good to know that the whole mess is now being clarified by the very office where Craig Wright filed his copyright claim for the Bitcoin WhitePaper. This is just another funny moment for the man who will not stop at anything until every man and woman in this world will believe and maybe worship him as the real Nakamoto Satoshi. In fact, he can have the copyright if he wanted to but it will not have any bearing with Bitcoin network which is own by nobody. The Craig Wright saga is getting strange and all he is spewing is some comedic value worth watching as an entertainment at its best. I am sure the pump experienced by BSV will soon wither with this clarification. Anybody here made some money with the sudden BSV pump?

This must be a very uncanny coincidence that can be tell-tale sign of many good things to come for Bitcoin. The reason the CEO cited can be true as we know that doing crypto-related business in USA can be so restrictive -- remember that for now there is no clear-cut policy of the government for this sector and there is no single law passed that focused on cryptocurrency business and trading. The government is operating under existing laws in dealing with matter of this industry. Another reason can be strong competition and less market share prospect. Let's just hope this will not spill-over to other fintech companies doing business in USA.

I am sad for the bad news that BestMixer has now stopped operating because Dutch authorities made investigations and later on shut down the whole site, the servers and its related services. I know that mixers are playing big role in making sure that bitcoin transactions remained private and anonymous but this idea along can run counter to the power of the government especially using the anti-money laundering ground. I hope Bestmixer can find the way to get back into business under a different name and using servers in less dangerous country. Good to see that people involved in its promotions in this forum are paid of what is due to them. I also appreciate that Hhampuz is one of the excellent managers we have around.

Oh well, so the Dutch authorities finally made their move to seize all the things connected with the BestMixer business. And the basis is that with their investigation they uncovered that the service is used to launder illegal or dirty money. That can probably right but I am also sure that many clean transactions are done using the service. I am not here to defend BestMixer because we don't have the verified information under our hands but I believe that if was used as a money laundering front then cases have to be filed in the court so the perpetrators can face justice and that similar services should never allow their platforms to be utilized the same way with BestMixer.

In addition, what about ChipMixer...do you think it is not in danger of getting into the same predicament?

I am aware that there are people who really believe that bitcoin futures trading is not good for bitcoin. Nevertheless, the surge in the contracts bought in the CME platform is showing us that there is a growing interest for bitcoin and possibly a more positive outlook for the coin otherwise this growing interest will not be happening. Can this trend continue for this year and even into 2020? Yes, there is a big possibility for that especially that the bull run is forming right before our eyes.

Despite facing some levels of volatility over the past week, Bitcoin has now been able to find some stability and is hovering right below the $8,000 level. It is important to note that BTC does face some levels of resistance in the lower-$8,000 region, as it has tried, and failed, on multiple occasions to climb above this region.

Although Bitcoin is clearly in the middle of an uptrend, it is important to note that there is a large chance that a drawback is imminent, and one analyst believes that there may be a 30%+ drop in the near future.

While looking at BTC over a one-month period, it is clear that it is currently forming a consolidation pattern around its current price levels, which may or may not be proceeded by the formation of another upwards leg.

Importantly, analysts do believe that Bitcoin’s next stop may be at $10,000, assuming the cryptocurrency is able to further extend the upwards momentum that it has incurred over the past month.

Further Read: https://www.newsbtc.com/2019/05/22/analyst-despite-bitcoins-current-stability-a-30-pullback-could-be-imminent/


I think Bitcoin can be moving for an estimated 30% dip before doing another surge towards $9,000. It means that Bitcoin is giving many people the big chance to enter the bull run at around $6,000+ a window that people should exploit and I am sure that many will including institutional fund managers. Pullbacks are very possible to happen before Bitcoin can go crazy and go into the so-called parabolic state. Are you in agreement with this positive assessment despite the ongoing retracement?