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3081  Bitcoin / Bitcoin Discussion / Re: New Satoshi Emails on: August 12, 2017, 12:01:09 PM
Quote
Why haven't you shared your archive?  In your original post, you very clearly gave the intention that what you received you would then share with the bitcoin community.  Why suddenly keep that to yourself?  Those who shared with you intended for those e-mails to be published.  We would love to see what you have.  If you'd like, I will gladly help you go through the e-mails line by line and analyze them to determine if they seem safe enough to share (just like I did with Mike's e-mails).

There was some content that upon further reflection was somewhat personal and could potentially be used in an attempt to DOX Satoshi. Second, I realized that people would use the emails to justify whatever roadmap position they have. It was a bad idea to attempt to construct the archive.

Satoshi is gone and not coming back. We should respect his wishes and let him go. Bitcoin moved on.

I wouldn't be surprised if Satoshi was around right now, under a completely different name. It's what I would have done - abandoned the old pseudonym and started over with a new one and hide in plain sight.
3082  Economy / Speculation / Re: Price is increasing too fast, will there be a correction? on: August 12, 2017, 11:48:21 AM
I can't believe you are all talking about only 4k. It will likely break through that level this weekend!

This is a super price spike. Past history suggests prices can increase 20 fold in this situation, including the late 2013 price spike (from 60 to 1200) and even the 1700s tulip mania (also a 20 fold increase).

I believe the reason for this recurrence of 20 fold increases is that it indicates the level at which those investors who entered at the beginning of the spike decide to sell. Meanwhile the late adopters simply don't have enough money to soak up what the early investors try to sell.

As this price spike started at around 400, I think 8k is entirely likely, and very soon, within only a few weeks from now. But it's going to be important to sell just before the peak as it will become very difficult to sell once the price starts falling.
The Chinese traders controlling this market are likely to be very quick and savvy in taking profits.

But where is the money coming from, for this spike? Are you sure it's the Chinese traders? They have been rather subdued since the Chinese govt forced KYCs on the Chinese exchanges.

I think the money is coming from somewhere else, but have no idea where.
3083  Economy / Speculation / Re: So where exactly are we in the bubble? on: August 12, 2017, 11:29:57 AM
I think we're at "Media Attention". CNN and Bloomberg are now giving updates on bitcoin and the bitcoin price almost daily. They're treating it as a stock.

We're past the awareness stage (which took place 2013/14) and are now into the first stages of Mania.
3084  Economy / Service Discussion / Re: Bitfinex is dropping their US customers on: August 12, 2017, 11:00:41 AM

Seems like that they are scared by the fact that BTC-e basically got brutally taken down by the US government, and they want to vaoid the US government as much as they can because they know that even with their KYC standards it might not be enough.

And plus as they said the effort and money put into handling US side of things is just too large.

Most of Bitfinex's users aren't even US citizens, meaning that discontinuing US users will lessen their profit, just not by a very large margin at all.

Just use some other exchange if you're in US and still want to trade. Most of them are still open for US, but some ban specific states.

Bitfinex lost it's ability to move dollars in April this year. And zero hedge wrote the following article about them in May:

http://www.zerohedge.com/news/2017-05-03/worlds-largest-bitcoin-exchange-headed-mt-gox-style-collapse

Quote
Could Bitfinex, the world's largest, Hong-Kong based cryptocurrency exchange, be headed for a Mt. Gox-style collapse? It's starting to look that way.

When Mt. Gox first halted customer withdrawals in February 2014, it waited more than two weeks to admit the truth to its customers: that hackers had stolen more than $450 million of their assets, leaving the exchange bankrupt and them holding the bag.  That hack effectively crippled the entire digital currency ecosystem, ushering in a two-year bear market that at one point carried the bitcoin price below $200, from what was then a record high north of $1,200 reached in November 2013.

So when another exchange engages in similarly shady behavior - withholding critical information about customer funds, or failing to produce audited financials despite promising to do so - it should prompt crypto traders to ask themselves why, with dozens, if not hundreds, of cryptocurrency exchanges operating around the world, they're choosing to do business with this one.

The writing has been on the wall for some time.

If people have coins there, start moving them now. Don't wait 90 days.
3085  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Do I need to verified my bittrex account ? on: August 12, 2017, 04:16:00 AM
Hey guys im thinking about creating a bittrex account.  So if i do not have a verified account, how many bitcoin or altcoins can i send to my account to switch for bitcoin or another altcoin like ETH?  I assume back then you could do up to 3btc in trades per day whether btc to ETH or vice versa?  But now its max 0.025 btc?  Can someone confirm this is what is meant by it?

None if your account was set up after 1st August 2017. They want all new users to be verified and won't allow withdrawals if you are not.

I suggest you go instead to HitBTC - they don't require verification as long as you don't trade fiat and are trading cryptocurrencies only.
3086  Economy / Service Discussion / Re: Bitfinex is dropping their US customers on: August 12, 2017, 01:02:35 AM
So what happens to the US users will they be allowed to withdraw their coins,since they have taken this decision all of a sudden they did not even give the users the opportunity to withdraw before they implement these rules,since we have many exchanges this is not a big deal but my problem is they have to inform the users beforehand before implementing something like this.

You've got 90 days to get your funds out of Bitfinex, and if I was you I wouldn't wait, I'd move the money out now.

Remember you won't be able to get fiat out, because they've lost the ability to move dollars. So you'll either have to buy bitcoin, or buy an alt, and then move those coins out asap.

Also - note that the fees for withdrawing bitcoin are rather high on bitfinex: 0.004btc - at a bitcoin price of $3500 that is $14.

So maybe try using bitcoincash or litecoin to move money. Here are the list of withdrawal fees:

https://www.bitfinex.com/fees

But don't wait, start moving your coins now.
3087  Alternate cryptocurrencies / Service Discussion (Altcoins) / Bitfinex is dropping their US customers on: August 11, 2017, 07:59:24 PM
Full details in the following post:

https://www.bitfinex.com/posts/216

I think they are giving Americans 90 days to move their money.

(Posting this on here because they trade alts as well as btc/fiat)
3088  Economy / Service Discussion / Bitfinex is dropping their US customers on: August 11, 2017, 07:55:45 PM
https://www.bitfinex.com/posts/216

Quote
Service Changes for U.S. Customers

Bitfinex is making changes to the services we provide to U.S. individuals. These changes impact the verification process and trading of certain digital tokens for U.S. customers. Some changes are effective immediately, and others will be gradually implemented in the coming weeks.

Suspension of U.S. Individual Verification Requests

We regret to announce that, effective immediately, we will no longer be accepting verification requests for U.S. individuals.

We have for some time considered pulling away from the retail marketplace in the U.S., and now with a current backlog of verification requests and ongoing difficulties in providing USD deposit and withdrawals for U.S. individuals, we feel that the time has come to begin disengaging from U.S. retail customers.

Several factors have gone into this decision:

    While we have been able to normalize banking for some corporate customers and individuals in certain jurisdictions, compliant banking solutions for U.S. individuals remain elusive. We have been slowly and selectively inviting users in particular jurisdictions who meet set criteria to start using banking channels that have come online. This process is ongoing.
    A surprisingly small percentage of our revenues come from verified U.S. individual accounts while a dramatically outsized portion of our resources goes into servicing the needs of U.S. individuals, including support, legal and regulatory.
    We anticipate the regulatory landscape to become even more challenging in the future.
    Bitfinex is not based in the United States. Exchanges based in the U.S. are better positioned to properly service retail U.S. customers.

We are thankful to all of our loyal U.S. customers that have consistently traded with us but, unfortunately, we have an obligation to our whole customer base and to our shareholders to make rational resource allocation decisions.

Furthermore, over the next 90 days, we will be discontinuing services to our existing U.S. individual customers. We will be communicating further with affected users on timing and specifics. Our intention is to reduce disruption as much as possible for our U.S. customers.

We will continue to take advice and implement further changes as circumstances warrant.

Restrictions on U.S. Persons Trading Certain Digital Tokens

Pursuant to the recent report of investigation issued by the U.S. Securities and Exchange Commission, Bitfinex is taking the proactive step of barring U.S. customers from trading certain digital tokens that may be deemed securities in the eyes of the SEC.

The restriction will generally apply to ERC20 tokens issued through "ICOs" and will go into effect at noon UTC on Wednesday, August 16, 2017. No trading of these tokens will be allowed for U.S. customers. At the time of this post, the tokens active on Bitfinex that will be subject to this restriction are EOS (EOS) and Santiment (SAN).

Once again, we regret any inconvenience this change in policy might create, but we believe this to be a prudent measure given the regulatory uncertainty surrounding such digital assets.
3089  Bitcoin / Bitcoin Discussion / Re: HBO is trying to get $250,000 in bitcoin to pay hackers who stole GoT scripts on: August 11, 2017, 05:09:19 PM
Quote
Hackers who stole data from HBO have leaked an email from a company executive showing negotiations over a ransom.
The HBO executive said the company would pay $250,000 in bitcoin as a "bug bounty payment."
Scripts from shows such as "Game of Thrones" were stolen last month.

Read the full article here:
https://www.cnbc.com/2017/08/11/hbo-hack-game-of-thrones-ransom.html

I can't believe that they're actually willing to pay 250K in Bitcoin just to prevent the scripts from being released.
Even if the scripts were released, I doubt they would lose any fans over it. It's not like that many people would even read it.

Still sad that Bitcoin is being associated with crime again.

Agree - people want to view the drama, not read scripts. 

I wonder if the hackers stole other stuff besides the scripts? If so, that might be why they are paying up.
3090  Alternate cryptocurrencies / Speculation (Altcoins) / Re: How high will Litecoin go? on: August 11, 2017, 04:58:57 PM
I think litecoin will reach $ 200 this year, patiently waiting, I believe its market value will exceed eth.

It won't exceed Ether. Ether is genuinely different from Bitcoin, and that's where it's value comes from. Why would you use litecoin if you could either use Bitcoin or bitcoincash?
3091  Economy / Speculation / Re: If War happens. on: August 11, 2017, 04:30:47 PM
As we all know Trump stand on North Korea to meet with fire has not gone very well, with North Korea, and normally you do expect them to say we will retaliate, or we can harm them, what is worrying that they have specifically said they will destroy, Guam, now we all know they want to target usa military and trump statement that America nuke has never been so powerful, though I know it won't happen but yet again if it does I believe Bitcoin prices shall cross unbelievable levels, as global currencies shall take a hit. Before you write war may not happen, look at the leaders of two countries and let's not discount the fact America terms with China are not good now. I wish no war should happen but keep a watch on this news.

If a nuclear war happens, the price of Bitcoin will be the least of our worries. Even if I were sitting in an unaffected country, the long term consequences of war (indirectly) would be felt. South Korea is a major market for Bitcoin and the effect of war on Bitcoin's price is not predictable.


In wars, safe haven assets boom. The question is: Has Bitcoin reached the point where it can be considered a safe haven asset, the way gold is?
3092  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin Cash - hold or dump? on: August 11, 2017, 02:33:42 PM
The most interesting thing about bitcoin cash is how it has managed to hold onto a top 4 position whilst having absolutely no inherent value or prospects. It is still heading towards $0. There will doubtless be pumps along the way, but $0 is its ultimate destination.

It has got value - it allows people to move money for very low fees. The bigger the fees get for BTC, the more people will shift to BCH
It would not be a valuable like the real bitcoins as a matter of fact BCH is only a hype and it will be just like the other alts that pumps and dumps.

It depends on whether bitcoin's transaction fees continue to climb. At the moment people simply arn't using it as a currency, and the backlogs were horrendous. If you can send coins cheaply via BCH (and relatively quickly, the BCH blocks are being mined every twenty minutes and there is no mempool backlog), then why not?
3093  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin Cash - hold or dump? on: August 11, 2017, 02:01:29 PM
The most interesting thing about bitcoin cash is how it has managed to hold onto a top 4 position whilst having absolutely no inherent value or prospects. It is still heading towards $0. There will doubtless be pumps along the way, but $0 is its ultimate destination.

It has got value - it allows people to move money for very low fees. The bigger the fees get for BTC, the more people will shift to BCH
Honestly i will pay the more money to deliver my transaction fast rather than use the slow transaction such as bitcoin cash. That was just another joke coin. there is no a lot of miner to run the network. The transaction take some days to get delivered.

According to the following block explorer, the blocks are being found every 20 minutes or so:

https://bitinfocharts.com/bitcoin%20cash/explorer/

As the difficulty drops, it will speed up.
3094  Bitcoin / Bitcoin Discussion / Re: Bitcoin on Uber on: August 11, 2017, 01:38:49 PM
That's a good news since Uber in the Philippines is very popular. Actually it is more popular than the traditional taxi. If they are going to accept bitcoin, much better. But the transaction fee plus the rate of meter, isn't that a bit expensive? Anyway, this is a good help for bitcoin because this will promote bitcoin more. And hopefully bitcoin will be a part of people for their everyday lives. Good job Uber.

The fares are still paid in fiat or card. Bitcoin is just for tipping and it's optional, at least for now.

They would have done better allowing bitcoin for fares as well. With the transaction fees being what they are, no-one is going to use bitcoin for tipping.
3095  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Vs Bitcoin Cash on: August 11, 2017, 01:22:10 PM
What do you think of Bitcoin Cash?
Do you think it will have the same value as Bitcoin or it will be just another Alt. Coin in the crypto market?

BCC was created saying that it would be the substitute for bitcoin.But it just remains as an altcoin.Neither bitcoin price has crashed,nor BCC price has raised as it was expected by some people.It would just remain alive only for a few more days and then it would just remain as a n abandoned altcoin.BCC holders have just dumped all of their coins to get some free cash.

Remember that for every seller there is a buyer...

It's early days for BCH - if the mining difficulty drops enough but the price remains stable, I can see some miners switching to mine it. If you are an ASIC miner, there are very few coins you can mine: bitcoin, bitcoincash and peercoin. All the rest are scrypts.
3096  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin Cash - hold or dump? on: August 11, 2017, 12:52:42 PM
The most interesting thing about bitcoin cash is how it has managed to hold onto a top 4 position whilst having absolutely no inherent value or prospects. It is still heading towards $0. There will doubtless be pumps along the way, but $0 is its ultimate destination.

It has got value - it allows people to move money for very low fees. The bigger the fees get for BTC, the more people will shift to BCH
3097  Economy / Economics / Re: Next "dot-com bubble"? on: August 11, 2017, 11:57:52 AM
You are not wrong, particularly about the ICO craze. I'm pretty sure most will lose money on those, though perhaps one or two ICOs will be profitable.
3098  Economy / Trading Discussion / Re: Making profit day trading but losing opportunity short term on: August 11, 2017, 11:42:18 AM
The situation is that i am making small profits day trading. Cant completely say that its day trading but i buy coins and sell them in 1-3 days when price increases. But whats happening now is that the coin i sell keeps increasing after me selling those coins and thats why i am missing opportunities on short term. Is there any solutionso that i dont miss those opportunities.

If you are making consistent profits day trading, then well done.

Stop focusing on coulda-woulda profits. Yes, sometimes the coins keep rising, but sometimes they fall too. You've probably filtered out the instances when there is a pull-back.
3099  Economy / Exchanges / Re: Top 10 Cryptocurrency Exchanges in 2017 on: August 11, 2017, 11:04:40 AM
No mention of the big regulated exchanges like Gemini? (Gemini is owned by the Winklevoss twins)
3100  Bitcoin / Bitcoin Discussion / Re: Is bitcoin transaction fees fair? on: August 11, 2017, 10:32:59 AM
For me, Bitcoin fees currently though they have reduced from what they were earlier this year. I still find them to be ridiculously expensive. When I bought my first bitcoin, the fees were very low and that was what was promised and that was the gospel being preached. Right now, we cant say the same otherwise we would be misleading newbies.

True - but remember you can always use alts or bitcoincash to move money, especially if you are moving coins from exchange to exchange. The only time you need to pay bitcoin fees is if you are moving coins from your own wallet.
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