Peter Vessenes is such an incredible a..ho.e . claiming 25% of btc marketcap, what a shitshow.
It's almost like he's trying to be openly obtuse. The Japanese court ought to instantly reject these claims, but the incredibly bureaucratic nature of things probably means claimants will be waiting years now. So the plot thickens. Apparently, under Japanese law standard practice is to accord 50% voting rights to rejected claims. That means CoinLab would hold majority voting rights and could veto CR taking everyone back to bankruptcy. It has been suggested that this may be a means for Vessenes to extract a favourable settlement for his claims which he knows stand on weak ground. Are you sure it is not to 50% of ACCEPTED claims as everywhere else in the world? Supposedly it is 100% of accepted claims and 50% of disputed claims. Japanese bankruptcy processes are not as sophisticated as in the West. For starters, you aren’t supposed to go bankrupt. Loss of face and all that. |
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Apart from the one idea about attempting to spend as many bitcoins as possible before death, there's going to be a lot of this loss of coins through death happening, which is a little bit problematic for intergenerational maintenance and passing down of value... even though the overall loss of coins is bullish on the BTC price due to increased scarcity.
It's a dilemma. Do you relinquish control and permit your funds to be spent without your express permission, or do you maintain that control but recognise that your stash will die with you. You generally shouldn’t try to control things from beyond the grave (notable exceptions being dependent vulnerables such as children who cannot make their own decisions or pets) Make up too many stupid rules and it just ends up getting litigated. |
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Peter Vessenes is such an incredible a..ho.e . claiming 25% of btc marketcap, what a shitshow.
It's almost like he's trying to be openly obtuse. The Japanese court ought to instantly reject these claims, but the incredibly bureaucratic nature of things probably means claimants will be waiting years now. So the plot thickens. Apparently, under Japanese law standard practice is to accord 50% voting rights to rejected claims. That means CoinLab would hold majority voting rights and could veto CR taking everyone back to bankruptcy. It has been suggested that this may be a means for Vessenes to extract a favourable settlement for his claims which he knows stand on weak ground. Vessenes claim is for damages for breach of a local agent licensing agreement for a bankrupt exchange. It would be more accurate to say that Vessenes’ claim is utterly worthless. |
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I better pull that 1 ETH that I still have on Bitifinex off... Care to expand re HD wallets? |
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QuadrigaCX chain analysis initial findings: Brief Summary of Findings
Below are the findings made by the author of this report:
It appears that there are no identifiable cold wallet reserves for QuadrigaCX.
It appears that QuadrigaCX was using deposits from their customers to pay other customers once they requested their withdrawal.
It does not appear that QuadrigaCX has lost access to their Bitcoin holdings.
It appears the number of bitcoins in QuadrigaCX’s possession are substantially less than what was reported in Jennifer Robertson’s (wife of allegedly deceased CEO and Owner Gerry Cotten) affidavit, submitted to the Canadian courts on January 31st, 2019.
At least some of the delays in delivering crypto withdrawals to customers were due to the fact that QuadrigaCX simply did not have the funds on hand at the time. In some cases, QuadrigaCX was forced to wait for enough customer deposits to be made on the exchange before processing crypto withdrawal requests by their customers.
After completing the analysis, it is the author’s opinion that QuadrigaCX has not been truthful with regards to their inability to access the funds needed to honor customer withdrawal requests. In fact, it is almost impossible to believe that this is the case in lieu of the empirical evidence provided by the blockchain. https://medium.com/@zeroresearchproof/quadrigacx-chain-analysis-report-pt-1-bitcoin-wallets-19d3a375d389 |
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Break upwards of descending wedge. Now to find out if this market has any legs.  |
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do not google cakefart do not google cakefart do not goog... ...
fuck
fuck! I try quite hard to learn from other people’s mistakes, this being a key example. |
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The problem with altcoin staking is that it is a sugar hit.
Staking reduces circulating supply which props up the price. Stakers get "interest" payments, so it feels like a perpetual money machine.
But really what is happening is the interest payments are inflation, chipping away at the coin's value. When the stakers realise that their stake is falling in value faster than they are getting interest payments, they dump their stake.
All that locked up liquidity comes flooding back onto the market, and it cycles downwards.
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You can’t fight science Mic
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If you are referring to the investigation thing into Australian banks, I wouldn't worry about it. The local right wing government there is as tame as a pussy cat and won't do anything. Murdoch has them sorted.
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so you mean that grin emission curve (that should have been immutable previously) has already changed twice ?
No just that two shit forks have formed and failed. |
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We are finding support on the yellow line, but volume is declining. So we either continue to carefully and slowly climb the yellow line or head back down to retest previous 'bottom' at 0.00145  |
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I read earlier about the TA looking scarier if you used EMA instead of MA, so I tried it. Having tried it, it doesn't make a drop of difference to my interpretation. We look like we are in exactly the same spot as if you use MA.  |
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Bitstamp is based in London, even if its banking relationships are in Slovenia
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You hadta go and vandalise it with your tiny cheap cock'n'balls.
Nuts |
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My work here is done for the day. (satoshis.place)  Oh Mi Gawd. The awedacity. That is the absolute best beast https://satoshis.place |
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Bullshit not any attention is good, we could easily have Bitcoin go to zero and be replaced if the US decided to ban it and sanction any countries using it.
If the US does that, where do you think countries that are already sanctioned are going to turn for an alternative to the USD? Chinese Yuan. Just sayin |
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