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261  Bitcoin / Press / Re: [2021-03-12]French government to auction 611 BTC seized in GateHub hacking on: March 13, 2021, 12:19:46 PM
As the judicial investigation into the GateHub hack is still ongoing, this means that if Gabriel Kab and Nassim B are cleared of the charges, they will receive all proceeds from the French government's planned Bitcoin auction. If they are found guilty, the proceeds from the sale will go to the French government.

Just out of curiosity why would the French government sell it in the first place if the proceeds from that sale is something that can be returned to the accused if found not guilty? Shouldn't they wait for the verdict before they do any kind of auctioning so they could just return the Bitcoin instead of giving them money? Or Am I missing something like a French law that forces the government to liquidate confiscated assets in cases such as this one? Maybe they are just taking advantage of the prices of Bitcoin right now but for me they should have waited for a verdict before doing such thing.
262  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: March 13, 2021, 11:41:26 AM
Brian Brobbey(19) leaves Ajax and go to RB Leipzig.  Sad Ajax will miss him a lot. He was very successful this season in the Europe League.

https://twitter.com/DieRotenBullen/status/1370319540945584132

Unfortunately teams in the Eredivisie are just a stepping stone for most young prospects they generate in their own youth academies and scouting system. Their top teams like Ajax, PSV, AZ Alkmaar even though have good ways to develop their players don't have the competition as well as the money in order to maintain these "wonderkids" they are having. Sometimes I consider them as the "Brazil" of Europe where there are a bunch of talent being develop their and the inability to keep their players there is however the good side which they can always profit from the sale of their players which always guarantee that will come at a premium, so overall I don't think it is a bad trade for them as they keep on generating good quality players from their youth system.
263  Bitcoin / Bitcoin Discussion / Re: Will the Lightning Network challenge VISA someday? on: March 12, 2021, 05:41:06 PM
The answer to that question will be highly dependent on the mass adoption that will happen to Bitcoin (if it ever happens). Visa as of 2019 recorded around 185 billion in transactions if we count other card providers like Unionpay and Mastercard you will get 131 billion and 108 billion transactions, respectively. Now I don't have the number for LN related transactions but assuming that it is an equivalent amount in the Blockchain which is 325,000 transactions daily you will get 118.63 million transactions daily which is just a small fraction as compared to number of Visa related transactions. Comparing it to Visa and the other related parties Bitcoin still is a long way of even matching their daily us and I think we all know for it to happen mass adoption is something we need to look at.
264  Bitcoin / Project Development / Re: Exchange company on: March 12, 2021, 04:21:28 PM
I'm not here to offend you or anything but if you are asking the most basic of questions with regards to creating a company I don't think that you are ready to form one yet. Why? Because people won't even be interested in partnering up with you where a person doesn't have any plan at all, basically you really don't have any kind of sales pitch and just an idea without any kind of direction at all. For you to garner an interest for your company the company itself should have already made progress from plans, registrations, and/or money involve which judging by what you have posted in the OP you have nothing so far.
265  Bitcoin / Legal / Re: Operation Hidden Treasure on: March 12, 2021, 02:26:27 PM
@Theb
If we'd have to speak the truth, and leave some bitcoin maximalism aside, I'd say yes we should give them some credit, but not too much.
It's thanks to companies that now make the blockchain even more transparent that old investors, funds, trusts, companies, wealth managers etc are here to pump the price up.
If it stays like this, it's fine by me but I'll always be very much concerned about my privacy when transacting with bitcoin.

~snip

We really don't have any choice here in the first place the governments will always have the control in everything we do the crypto industry has been under the radar ever since it's used in the dark web which it has been noticed by the authorities and I think with that first connection they have for Bitcoin in the dark web is something that has stuck to them that cryptocurrencies have the potential to be used in illicit activities that is why they are implementing these kinds of regulations and I think it should be fair to everyone where if banks are also under surveillance from the government other modes of sending/receiving money should be monitored as well. We should also know that not only banks have KYC but also other industries from remittance centers to even stock brokerage services also are under a form of AML laws and regulations so basically the government is not leaving any exemptions to anyone.
266  Bitcoin / Legal / Re: Operation Hidden Treasure on: March 11, 2021, 03:16:03 PM
Won't be the first time seeing IRS do some kind of action with regards to crypto tracking they even go as far as rewarding 625,000$ to someone who can help track Monero transactions last year. But can we give them a little bit of credit? US departments here are actually just trying to prevent crimes from happening with the use of cryptocurrencies as compared to other countries where they see crypto itself as the main tool for illicit activities and they just give some sanctions hindering the use and trade for cryptocurrencies. I think crypto tracking is something we need to live in and this is something that we need to accept in order for it to be legal in our respective countries.
267  Economy / Economics / Re: Tweets as Non-fungible tokens (NFT) - Dorsey's million dollar tweet on: March 11, 2021, 02:13:32 PM
Even collectibles are now reaching to the point that even objects (not even assets) that only digitally exists are getting valuable but this isn't the first time that I have seen things like this being auctions off. The first time I have seen this is through games particularly games that have a massive player base such as DOTA and CSGO which they even have their own marketplace in Steam for in-game items. For me it is getting clearer and clearer that as the world goes digital the things we do and see online will have value now as for the right person they will see that what you have might something to be more valuable for them.
I'm not even sure how they would be able to claim and collect this lmao. I feel like this is the same stuff with the guy who created shares of himself with himself and then ultimately the internet jumped in on the train for fun. Still, it's important that we're discpvering that NFTs aren't just for games, or art pieces or forms of media, but a very versatile venture that could revolutionize collections of the future. t our generation is.

The Tweet itself will remain on Jack Dorsey's accounts, what you are actually buying is a digital certificate that is signed by the author itself which is Jack Dorsey so I think that is how things will work for auctioned off tweets.
 
What are the terms of this transaction and what does it mean to own a tweet?

The tweet itself will continue to live on Twitter. What you are purchasing is a digital certificate of the tweet, unique because it has been signed and verified by the creator.

I myself personally don't see any value in this but like what I have said earlier it will take a certain individual to see any value in it, this is just similar to paintings and other physical collectibles. I can see that this is something that will go big since we are in a stage that the world is going digital and people see value in a lot of things that exists in it.
268  Economy / Economics / Re: Tweets as Non-fungible tokens (NFT) - Dorsey's million dollar tweet on: March 10, 2021, 09:09:31 PM
Even collectibles are now reaching to the point that even objects (not even assets) that only digitally exists are getting valuable but this isn't the first time that I have seen things like this being auctions off. The first time I have seen this is through games particularly games that have a massive player base such as DOTA and CSGO which they even have their own marketplace in Steam for in-game items. For me it is getting clearer and clearer that as the world goes digital the things we do and see online will have value now as for the right person they will see that what you have might something to be more valuable for them.
269  Economy / Speculation / Re: Elon Musk and BTC on: March 10, 2021, 08:29:48 PM
@OP Its really up to the company's board members and directors to decide if the price they are seeing now is undervalued or not as I have never even imagined that Elon Musk will be entering above 30,000$ since for me it is a little to steep considering my average bought price for Bitcoin.

What if Elon tried the biggest pump and dump in history of BTCUSD?

Believe me or not he will become the most hated person on Earth even outside of the crypto industry as definitely him only benefiting from what others have did to pump Bitcoin up and then him leaving will just make him a selfish man on a lot of eyes. He will hurt more than what he will gain I can see people not supporting his products from his electric cars to his flame throwers all of this won't be bought by people and their friends who have been affected.

270  Economy / Trading Discussion / Re: Stop Loss influence in massive dump on: March 10, 2021, 07:08:33 PM
Limit/Market Orders are something that you can analyze and see what is the sentiments of the traders holding the asset so you are right there is a big influence in the mind of the traders when they see the buy and sell orders of an asset.

Example scenarios
  • When you see that the sell orders are a lot of and there is a thin buy order
          this only tells us that the ones holding it are selling and barely anyone is interested in buying at the current market value
  • When you see that there is a lot of buy orders and sell orders are thin
          this can be translated to a lot of people are interested in buying while only a few people are interested in selling their position at the current market value
 
Everything you see even outside the charts of an asset can be translated into something but keep in mind that this can be manipulated by traders or a group of traders as well as they can put int temporary buy and sell orders just to sway the market in their way so you always have to confirm if the orders are really being filled in or not.
271  Economy / Service Discussion / Re: Bitcoin signals on: March 10, 2021, 03:25:06 PM
Crypto Signals are synonymous to Pump and Dump groups as you will see that this people will just give you a buy signal of unknown cryptocurrencies as their motive is to take profit from the pump you the group will be making. The best thing you can do is to go to websites that shares their analysis of a cryptocurrency and let other people comment on their analysis like what they are doing in tradingview (Here is for Bitcoin) and you will see that there are several people posting their analysis on a crypto and the good thing about this is you are given a reason why to buy and sell the cryptocurrency and you can double check it for yourself as compared to regular crypto signals which you won't really gain anything.
272  Bitcoin / Press / Re: [2021-03-08] Norway-Listed Aker to Put 100% Bitcoin in Treasury Reserves on: March 10, 2021, 02:20:57 PM
Well not everything significant in the crypto industry only revolves around the US, for one China leads the world in terms of crypto mining with them leading the share in hashrate and from what I know Russia and Kazakhstan as well are also mining hubs.

China has its place when it comes to mining and manufacturing mining equipment, but even that is slowly changing and we are seeing more and more decentralization in the area. This is definitely a good thing, because one of the reasons for distrust of Bitcoin is that there is a theory that it is controlled by China, and let's be honest - who likes that they have any influence at all, considering that they can ban the whole thing overnight.

Of course nobody will like any kind of monopoly going on in the crypto industry itself and we have seen previous cases where a significant hashrate drops in just one day or big miners itself are just absorbing the miners who are shutting down but that is how things right now. If we want to remove a monopoly from happening we should see that the governments of countries need to be more involve like giving incentives or subsidies for crypto mining which will make it attractive for miners to start competing for the rewards, competition here is really what is lacking and maybe the lack of interest from other countries is what makes China still sitting at the top. For all of this to happen it will really take some time to do so like what we have seen from companies deciding to buy Bitcoin as part of their investments.
273  Bitcoin / Press / Re: [2021-03-08] Norway-Listed Aker to Put 100% Bitcoin in Treasury Reserves on: March 09, 2021, 04:00:26 PM
I keep wondering what all the other big world companies are waiting for, because everything that happens has to do with US based companies.  Except for one big UK company that has invested some significant funds, everything else that comes from outside the US is just dust - same as this investment of only some $60 million, although I guess it's just the beginning of an unknown amount (for me) that will be invested in BTC.

Well not everything significant in the crypto industry only revolves around the US, for one China leads the world in terms of crypto mining with them leading the share in hashrate and from what I know Russia and Kazakhstan as well are also mining hubs. For companies on the other hand there are a handful of Canadian companies namely 3iQ The Bitcoin Fund and Ninepoint Partners are involved in the investment side of things with regards to Bitcoin. So these companies might not be involved when it comes to buying Bitcoin directly using their cash reserves but they do are involved in the industry itself, US companies might be leading the race but some international companies are catching up to what they are doing.
274  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: March 09, 2021, 03:14:45 PM
Inter seems the favorite team to win the league because as many pointed out here they need to concentrate on Serie A only. This can be a double-edge sword, since it can have both favorable and unfavorable consequences: from one side they can play and rest more than Milan and Juve but on the other hand this could be mistaken as an advantage that could make them relax too much. What do you think?

Schedule wise Inter has an advantage on the season but if we are talking about their competitiveness during the upcoming European competitions I don't think they will benefit from any good games when it comes to just the league alone. There are far more better teams in other European countries which they should strive on competing if not they'll just continue on lasting up to just in the Group Stages of the UCL. So they might have some good rests before this season end and have a advantage of maintaining the top spot of the league but this will show a lot of negative things in the upcoming European competitions Inter will be part in.
275  Bitcoin / Development & Technical Discussion / Re: Is there an accurate way to calculate the number of Bitcoin users on: March 09, 2021, 01:38:13 PM
Not unless we have an actual census regarding our real number we won't really know the exact number of Bitcoin users we have. Counting the number of accounts such as Coinbase, Binance, or even Bitcointalk accounts would be irrelevant and highly inaccurate since there are chances that 1 person can own multiple accounts and it doesn't actually depict the real number of us users. The same goes with the number of wallets created as one person can own and create multiples of it. So if we really want to know an accurate number of us users it must be done through a census and not through digital data we have. Maybe one day if KYC might be strictly enforced all through out the world for the crypto industry then we can go to the digital route for statics but until then we can't rely on any existing data.
276  Bitcoin / Bitcoin Discussion / Re: John McAfee charged with fraud over cryptocurrency on: March 08, 2021, 07:08:21 PM
So what really got my attention is the authorities have considered pumping and dumping as fraud now. Pumping and dumping in itself isn't the fraud but the lies and deception the person is doing is what considered the fraud here. McAfee for example has a hidden agenda while he bought those crypto early he then Tweets misleading information and sometimes pure lies just to influence the market which he really do as he knows he has a large following in Twitter.

Yep, here's one general definition:

A deliberate scheme to obtain financial or similar gain by using false statements, misrepresentations, concealment of important information, or deceptive conduct is known as fraud.

That seems pretty spot on for what he did. Actually proving that on court is a wholly different story, but even if that doesn't stick, he has openly admitted to accepting money from ICOs (after the fact) in exchange for promoting them on twitter.

And the good and bad news about this one is literally anyone who tweets that is also an influencer can be subject to such criminal charges without them knowing, the bad news here is normal people like us might get caught on the wrong side of the law. I think we all know by now that influential people in the crypto industry are using their huge following for their own personal gain or at least with biases on their own so since one of the big fish is caught and charged now they should at least now think twice of what they are typing before they publish it online. Since the authorities have now acted on one of the most known individual in the crypto industry it is only a matter of time for them to start looking for some other fish to fry.
277  Bitcoin / Bitcoin Discussion / Re: John McAfee charged with fraud over cryptocurrency on: March 07, 2021, 09:10:34 PM
The Justice department's website gave a detailed version on what McAfee is charged with basically it is for pumping and dumping which is his first scheme and the the second one is the hyping up of ICOs that he mainly tweets because he has a large group of following in Twitter.

First, MCAFEE, WATSON, and other McAfee Team members bought large quantities of publicly traded cryptocurrency altcoins

Second, after these purchases, MCAFEE published false and misleading endorsement tweets via his Official McAfee Twitter Account recommending those altcoins to members of the investing public for investment in order to artificially inflate (or “pump” up) their market prices without disclosing that MCAFEE owned large quantities of the promoted altcoins, even though MCAFEE had given false assurances that he would disclose such information in various tweets and public statements during the scalping scheme.

Third, MCAFEE, WATSON, and other McAfee Team members then sold (or “dumped”) their respective investment positions in the promoted altcoins into the temporary but significant short-term market price increases that MCAFEE’s deceptive tweets typically generated, often for significant profits.

So what really got my attention is the authorities have considered pumping and dumping as fraud now. Pumping and dumping in itself isn't the fraud but the lies and deception the person is doing is what considered the fraud here. McAfee for example has a hidden agenda while he bought those crypto early he then Tweets misleading information and sometimes pure lies just to influence the market which he really do as he knows he has a large following in Twitter.
278  Bitcoin / Project Development / Re: Cloud Mining Revamped on: March 07, 2021, 06:35:38 PM
This idea came to me a while ago when I first encountered a cloud mining website and since then I still think there may be something that can be done. After some digging, I came back to the root of the problem: depositing money into the website. This is the first step for you to enter a cloud mining website and this is the most difficult one so why not create a cloud mining website without the need of depositing money into it?

Depositing money is not the main problem of a cloud mining website, the main problem of a (scam) cloud mining website is they aren't real and their operations of a "mining farm" doesn't exist in the first place most of them offer up fixed rates where for a real mining farm would be hard to pull through as they know they won't be generating the same amount of Bitcoin everyday. If you will be creating some kind of ad viewing way for users to earn money on a fake cloud mining website then I wouldn't recommend you doing so as you aren't really solving any problem here, you are just using the word "cloud mining" when your operations would just be about viewing ads and nothing about mining Bitcoin.
279  Economy / Reputation / Re: Echa123 Take my portfolio on: March 07, 2021, 05:05:15 PM
An interesting fact is that your previous account is banned because of plagiarism and copy/paste work. Now you come here to complain and ask for protection against plagiarism of your work.
You need to prove that is kopisusu your account. Post signed message from one of your Bitcoin address used here on the forum.

I don't think he needs to prove that he is kopisusu on this matter since the point is a user has stolen a work of someone else and is considered as plagiarism. It doesn't matter whether the OP is not kopisusu or not since that doesn't disprove anything that kopisusu's work was stolen by Echa123, he could be anyone else in the forum and still it doesn't disprove Echa123 being a plagiarizer. Him on the part of ban evading is where he is wrong he should be posting here anymore besides the meta section appealing for his ban, he should let someone a friend or a person he knows the forum report this kind of things as a representative of him.
280  Economy / Economics / Re: Did tesla's $1.5 billion bitcoin purchase negatively affect their stock price on: March 07, 2021, 02:41:38 PM
There are a lot of things to consider here but ruling out several factors like Tesla was doing good financially and they were just recently at their ATH my bet is on that there is a group of stockholders/board members that expressed their opposition against their cash reserves being invested in Bitcoin when they weren't heard from it they just simply sold off their shares, but don't quote me on this one I'm just giving you some possibilities on why a financially well performing company is suddenly going down in value. If we rule out the controversy and all chances are people just took the profit that's why Tesla shares are doing down and this is common on stocks that are up on their ATH same as cryptocurrencies.
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