And surprise surpise  Price is at 19k, hosting companies are dropping miners, energy prices are through the roof, Iran shuts down even licensed miners and yet: Latest Block: 743295 (8 minutes ago)
Current Pace: 100.5305% (1408 / 1400.57 expected, 7.43 ahead)
Next Difficulty Change: between +0.5112% and +0.5627%
Hope I'm not wrong on the math here, but an s19xp hyd shipping now will earn you 16$ a day with free energy and will ROI in about 2 years and 7 months. If you can't get any tax-exempt, deductions, you're not playing with some other people's money, why would you do it? Why? Btw 35°-36° for three days, good thing I've changed two weeks ago one of the fans from 1000mc/h to 3k, just in case. |
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They are dropping like flies, if it weren't for so many people that are going to lose a ton of money this would have been real popcorn material. Everyone can remember the Defi hype, the old banks were obsolete, they were still standing because the gubbermint was involved, fractional reserves, all that will change with the new model, decentralized finances, secure finances, no more scheme, everything will be public, it will be ... Well, fast forward two years and it has turned into a pile of crap, and the only thing that keeps it meaning a larger fuckup than the 2007 crisis is that fortunately for us they didn't have that much money in the first place and they were playing with "only" a few billion I wouldn't trust Nexo either right now. I wouldn't trust any centralized platform.
Me neither but I do hope they come out of this unscratched, I know guys that have money there, I have friends that have money there and I'm really fed up with all this drama of people losing money everywhere. |
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Are you talking about law/legal in general or specific in Russia? Besides, there's another concern whether OP could be remain anonymous if OP decide to sue the exchange.
Laws in general, I mentioned the EU because a wannabe lawyer here thought he has a clue how things work, but AML rules are basically the same everywhere and in every country, Russia in a member of the FATF same regulation when it comes to this should apply. The main thing here is that exchange X, considers those funds to be illegal, coming from a theft, anything else, both those courses of actions are illegal: - seizing the funds and releasing them on a simple ID check, personally I don't believe they have a license to even deal with personal checks - seizing the funds without informing the cybercrime or equivalent police branch and not giving custody of those assets under the mentioned law enforcement The thing those exchanges are doing is simply random scamming people and getting those funds for themselves, since as you mentioned, it's quite hard to think that most of them would file complaints about smaller sums, and if they do all the exchange has to do is send him his funds and grab another victim. That leaving aside that I am not very clear on the basis of what legal vacuum mixers operate, because in normal conditions a company that provides services to Italian citizens, should charge VAT and pay it to the government of Italy, which I doubt very much that the mixers do.
Financial transactions in which the ownership of funds in question is changed through the transfer of funds that do not include any other services are excluded from VAT. Chipmixer would simply act like those coin machines in which you dump all coins and you get a banknote or the other way round. |
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Thank you for showing me you know how to use google... The first paragraph is no law, in case you didn't know that. The first link: https://eur-lex.europa.eu/legal-content/EN/TXT/?qid=1596452256370&uri=CELEX:52020DC0605Is a briefing, you can see large in bold letters "communication" The second link: https://ec.europa.eu/info/publications/aml-ctf-lawyers-training-manuals_enIs a training manual for lawyers, probably it will come to a surprise for you but all that is for criminal cases, aka things that are being solved in a court The third link: https://ec.europa.eu/info/publications/210720-anti-money-laundering-countering-financing-terrorism_en#transfer (this is revision of a treaty) Yup, it's revision: The AML authority should be operational in 2024 and will start the work of direct supervision slightly later, once the directive has been transposed and the new rules start to apply. So openchange uses laws from the future just like you, nicely done The fourth link: https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX%3A32014L0042&qid=1541682532524&from=ENFinally, let's see some laws oh wait...but let's leave it like that: (1) The main motive for cross-border organised crime, including mafia-type criminal organisation, is financial gain. As
a consequence, competent authorities should be given the means to trace, freeze, manage and confiscate the
proceeds of crime. Neither you nor openchange are competent authorities ) In the confiscation of instrumentalities and proceeds of crime following a final decision of a court and of property
of equivalent value to those instrumentalities and proceeds, the broad concept of criminal offences covered by this
Directive should apply. Framework Decision 2001/500/JHA requires Member States to enable the confiscation of
instrumentalities and proceeds of crime following a final conviction and to enable the confiscation of property the
value of which corresponds to such instrumentalities and proceeds.
Neither you nor openchange are a court so your final decision means nothing Confiscation leads to the final deprivation of property. However, preservation of property can be a prerequisite to
confiscation and can be of importance for the enforcement of a confiscation order. Property is preserved by means
of freezing. In order to prevent the dissipation of property before a freezing order can be issued, the competent
authorities in the Member States should be empowered to take immediate action in order to secure such property.
Has openchange offered support to the competent authority to preserve the funds, do they have a court order mandating a confiscation order? And the final sexy paragraph: (34) The purpose of communicating the freezing order is, inter alia, to allow the affected person to challenge the order.
Therefore, such communication should indicate, at least briefly, the reason or reasons for the order concerned, it
being understood that such indication can be very succinct. What order? Has openchage filled a case with a prosecutor in order for this order to exist? Next time when I ask you to quote the law, please do QUOTE the law, don't be a smartass tossing google links you haven't ever read. I've done this kind of stuff in the EU for enough time to know when somebody is bullshiting about being a lawyer or knowing what laws are broken in a case |
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I understand that most of you focus on the privacy and fuck the government policies, but laws are laws and laws are accepted by us; you can't just fuck them, this is why we live in a society with rules.
Exactly that's why I'm asking you about the laws, show me the laws where an exchange a bank, a money transmitter, a marketplace,a merchant can confiscate user funds or merchandise on suspicion of money laundering. AML rules don't give you rights on any property of a customer nor does a picture of an ID validate the source and legitimacy of those funds. /end. If a cop stops me in the middle of the night because my plate seems stolen he won't let me get away if I just show him a legit ID. If he realizes the car is stolen he won't drive it to his house and wait there for the real owner to come and pick it up if he has matching keys while all the time using that car for UBER deliveries. If an exchange determines by his own means the funds are stolen it can only freeze the assets and wait for his filling with a money-laundering task force to be accepted or solved, if a prosecutor denies the case then it must return the funds no matter what his beliefs are or face criminal charge themselves. /end This is what I do 14 hours a day. I have a big database which works like a spider and identifies several inputs which are already tagged as used in illegal transactions.
You can do whatever you want in your spare time, you are no prosecutor, you are no judge and neither is openchange so your tagging just as theirs has zero value in real life outside your make-believe fantasy. |
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Common man you are getting paid by them. You wearing the signature of Chipmixer. It's illegal buddy.
"Hey everybody I use Chipmixer " it's easy to say that why hiding behind a username and a keyboard.
If you are right go ahead show your KYC and tell the people like a centralized exchange you used a mixing service.
I bet you my cent you won't.
Talk easy. But it's ok what will you say about a service that pays you .
Let's clear some things up. First, this is one of my old posts: That being said, I made once stupid mistake of sending coins mixed through CM directly to Bitstamp the mother and father of all KYC, nothing has happened yet, deposit and SEPA without a hiccup, so probably it's not yet such a big deal. Exchanges will try to delay any such actions as long as they can, they are losing money and volume, they might want to obey the law but not to the point when it strat costing them money.
So, I did send (by mistake) funds from a freshly mixed address directly to Bitstamp, coins that were just claimed, I didn't have a single problem to date with them, I'm full KYC (a thing I regret doing it also) but Bitstamp, probably the worse exchange when it comes to controlling everything has had no problem with it. Second: No exchange can confiscate your funds legally without a court order, they can freeze your account for a period but doing so because you have failed KYC would require them to inform the authorities where they operate about this transaction immediately. There is no such thing as these funds look stolen then we freeze it and we unfreeze it the moment you send us a pic of an id, this is illegal on so many levels it doesn't even need to be discussed. The funds have an AML score of 94.89999999999999 according to my system. It is clearly 100% money laundering and they had all the right to take your funds if they have any kind of AML policy.
Please do quote any law from any country, territory, or fantasy world on this planetthat says something like this , since FATF says something different Confiscation or forfeiture takes place through a judicial or administrative procedure that transfers the ownership of specified funds or other assets to be transferred to the State. In this case, the person(s) or entity(ies) that held an interest in the specified funds or other assets at the time of the confiscation or forfeiture loses all rights, in principle, to the confiscated or forfeited funds or other assets. Confiscation or forfeiture orders are usually linked to a criminal conviction or a court decision whereby the confiscated or forfeited property is determined to have been derived from or intended for use in a violation of the law. ToS terms don't grant you power beyond the law, nor can they shield you from complaints or lawsuits. Of course, this is a no-name exchange with no location and no physical address but normally such ToS wound't stand a chance in any civil or criminal case. |
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Under the new rules, stablecoins like tether and Circle’s USDC will be required to maintain ample reserves to meet redemption requests in the event of mass withdrawals. Stablecoins that become too large also face being limited to 200 million euros in transactions per day. Rofling myself to death  If this will ever become law I can already see tether saying its currency is not "designed" to operate in Europe., followed up by a ton of exchanges banning users from EU from trading USDT and any other "stable" coin. Those guys have never managed to prove they own the $ backing their coin, no way they will be able to do it now. But tha's probably the only good thing out of this, the whole environmental issue is useless since electricity prices have done more damage to the mining industry in Europe than any regulation will ever do, and the rest is for sure going to turn from wonderful on paper into a nightmare in reality. The European Securities and Markets Authority, or ESMA, will be given powers to step in to ban or restrict crypto platforms if they are seen to not properly protect investors, or threaten market integrity or financial stability. This one made me curious, how are they going to enforce financial stability, is the ECB going to bail out Bitstamp or buy dogecoin to protect the price? Because: The rules won’t affect tokens without issuers, like bitcoin, however trading platforms will need to warn consumers about the risk of losses associated with trading digital tokens.
So, all this is an altcoin issue, right? |
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How is literally anyone buying bitcoin be a sign of a near-bottom?
Well, every time Bukele buys the dip we go further down the slope. The only thing that might point to this being actually the dip is that this buy of 80 BTC seems to be the smallest to date, so for a trader doing everything wrong to date this might have been the time to go all in. Unfortunately, I wonder how much money Salvador can afford to "invest". You should do a quick search and see what DCA means. Because what Michael Saylor does is DCA. He buys whenever he has money for that, no matter the price.
I don't see how what he does can be called DCA, if you stick to DCA you have to stick to a schedule and of equal amounts, buying when you have money is nowhere close to it, is just gambling. One of their buys was equal to 1/3 of their total, no average to be seen here..  LE: I know the chart is incomplete but every single one that was showing 2022 was just ugly as hell. |
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I doubt it was created as a joke. Care to reference that? I'd be curious to see the creator's reasoning for that. It's exactly below the image you quoted in the first post, Trolololo never played with rainbows. Yes I see them, the upper band was badly aligned that much is certain.
Which means it failed! Simple as that, no need for three lines of nothing. It failed! Strange analogy but I'll roll with it, as you could otherwise just change your mindset and not take everything so simplistically from a so-called expert. If your mechanic says your bike will blow @ X, what they really mean is it Nope. Quite funny, you're taking over my scenario and you have the nerve to say the mechanic said: "can"? No, I have him recorded on tape he said "it will", and he was damn sure like everyone here was damn sure this and that won't happen because...charts. When you discuss somebody's analogy you stick to it, you don't put can, might, probably, or any other value where there is none, as it stops becoming my analogy and it starts being your own. Probably because so far this chart has accurately predicted the bottoms (since it's creation), but it obviously doesn't mean it will continue to do so; hence it's always been speculative. Any model, despite how accurate it's been over the years or decades, can always fail at any time. Predictions, by definition, are never guarantees, so it'd still be speculation despite it's accuracy.
In summary, the contradiction comes from fundamentally not recognising that correct predictions are still based on speculation.
Your point, other than circling around and not waiting to admit I was right, is? |
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Deutsche Bank, one of the largest private banks in Germany, predicts Bitcoin will return to $28k by the end of the year.
So we're still deep down in bear and fear territory since the most positive piece of news predicts a return to $28k by the end of the year. If you would have posted such an article two months ago you would have looked like a bear, now this is bullish Personally, I think both Gold and Diamonds will not be comparable to Bitcoin.
And yet you do it I don't understand this obsession some have to prove that Bitcoin is more valuable than gold, I don't even know what metrics they choose, 1 BTC over one kilo one pound one gram of gold and even leaving that aside Bitcoin si one thing gold is another. Bitcoin can do a lot of stuff gold can't and gold can do some of its own. You want to store value securely with the key split in tens of places BTC is the way, you can't split gold into atoms and then bring it together (at least not economically feasible)Do you want to send value in a minute on the other side of the globe with only you and the recipient knowing? BTC ll the way, it's not funny traveling for hours with 2 kilos of gold in your... Can you give somebody a piece of gold without the need for a computer, electricity, or internet? Yes, even with BTC, this is still possible but with huge risks. Do you want like the other 2 million people each year in the US to buy an engagement ring? Try it with BTCAs for its usage in medical treatments, there is absolutely no comparison. Each one has its strengths and each one is impossible to replace with the other one in some cases, this whole debate is meaningless. |
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As far as I can tell the rainbow model hasn't failed yet, as it factors in the regression from the lows as opposed to the highs. It's only left this model to the upside as opposed to the downside basically.
And here you go again, defending a chart that was created as a joke. Look at it, look at the lines, see the lines outside the chart, it means it has failed. If my mechanic tells me that my bike will blow at 10k RPM and I'm doing trip after trip pushing it to 14k, it means I have to change my mechanic not my bike. I think you'll find your first line invalidates your second. As you said the model could fail tomorrow, so surely it's still speculation to be relying on this model when it could still fail ?
I don't see how you could have come to that conclusion 1) In the first line I'm telling you the chart was a joke and obviously it will fail 2) In the second line I'm telling you that if somebody would find a way to perfectly predict the price there will be no more speculation as we would know for sure How is that contradiction? This is why Bitcoin's bottom can not be predicted, Willing to bet that will not stop you from drawing more charts and hope to get at least one right  |
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~Another funny thing is that these exchanges were doing fine in 2020 when we dropped to 4k in March 2020 but suddenly they're in trouble at 20k? Who's going to believe that? If we were at 3k right now they'd probably all go bankrupt, but so would 99% of people who hold cryptocurrencies. It's not going to happen.
Same thing am wondering! how come suddenly almost all exchange are struggling with funds when the situation imo is not as worse as in 2018 where btc was at 3k, and how come suddenly this guy has something negative to say? Or he is doing this on purpose to cause panic among panic sellers to further dump the price? i don't get what he is getting at. Another face of fud perhaps  Because exchanges make money out of trades, not by hodling. So it doesn't matter how much one coin is worth but how much people trade those coins, if you look at data you'll see that 3k doesn't imply 7 times lower volume than now or that volume by the start of the year wasn't two times bigger. Back in 2018 Bitfinex was trading 1.8 million coins and now is doing 200k. When you have to increase expenditure, customer support costs, deal with more coins than ever and face more competition the price is not the main problem anymore. Plus many have started while taking losses, and many have spent millions on ads, for them it was supposed to increase their customer base to finally make a profit after a time, and all that changed. |
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The reason, well at least the main reason would be the fact that in the smaller nations it is easier for politicians to be corrupt. I know that makes sense to people who lived in a small nation, and maybe people who live in 100+ million population type of places may not understand this.
But, when you live in a nation with a small population, a small economy, and of course a small number of voters total, that means that you could be corrupt and you can get away with it, because you are reaching out to a lot of people with your corruption and getting their vote as well. You could literally have a few industry giants in your pocket, keep being a president thanks to that, and control the whole media since it is only a few channels.
You couldn't be more wrong on this one. If large countries over 100 million would be less corrupt then probably Russia, China, India, Mexico and Brazil will be don't eh top of the list of model countries, right? In reality, look who's leading the pack Denmark, New Zealand, Finland, Singapore and Sweden, all five of them barely make 30 million in population. Size has nothing to do, be it land or population. I think everything is just beginning. The most interesting is ahead. Great Britain has chosen the course of the movement for itself and these are its results. Continuing to move at such a pace, the country will be ruined. The country can move far, far back in the time of the dinosaurs. Well, we'll see what happens next. What else will the old woman have enough strength...
Oh yeah, backward-going Britain, that keeps getting ruined and ruined, yet still able to design every damn chip in mobile phones nowadays. This is like the commies waiting in bread lines for the US to collapse. |
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Seriously, we're still getting those innocent "investors" asking questions about an obvious scam that: -promotes and advertises guaranteed profits? - a company without any physical location, name, licenses, contact numbers, nothing? - ToS that mention: such as taxes and possible transaction fees, will be charged to your payment method (bank card, etc) when they don't actually accept anything but USDT - company that trades: "Digital Assets" refers to blockchain-based cryptocurrencies such as Bitcoins, Lightcoins, Etherium, Ripple And he's back at it again: https://ninjastic.space/post/60468993Time for the "Intelfin Global is a SCAM" topic? |
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Does Sam Bankman-Fried's statement imply that the cryptospace not seen the bottom of this bear market? I am shaking my head because everyone who was going to capitulate appears to have capitulated already.
Three Arrows Capital just defaulted, there is still pain to be inflicted https://markets.businessinsider.com/news/currencies/crypto-crash-three-arrow-capital-default-voyager-670-million-loan-2022-6As for Sam, this guy has been turning in some kind of undertaker, every single time lately that there is something bad happening there is talk about liquidation, bankruptcy, or taking over assets his name is mentioned there, I have a bad feeling about his own business, there were some shady doings behind the scenes with Terra and as more and more info appears seems like he was involved too. Weird how he include Coinbase wouldn't insolvent while they're already lay off 18% of their workers and suffer $430 million losses, it's possible if Coinbase would bankrupt in the near future if Bitcoin price continue to drop and they don't have good management to take care or continue their business.
And what do $430 million losses mean, that's what you will get if 10k BTC would slide from 60k to 20k for example, do you see it as a huge blow to a company managing 30 billion in assets?. Coinbase holds far more coins for themselves than that, if I would be one that defaults it would be Micro, not Coinbase, plus Coinbase makes money out of every trade, they could make a profit even in a bear market, others can't do it. It was just overextending thinking the whole hype with metaverse, nft, etc will go on forever, it didn't so they are just cutting all those extra. |
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When the chart is "accurate" if the price stays between 18k and 323k, it's like betting that in a basketball match there will be between 30 and 500 points... Besides, despite the logarithmic values going it such margins it has already failed twice, so it can do so tomorrow, it's just a drawing, if everything in the world could be predicted as such we wouldn't have "speculation". Yes it’s a fire sale pretty much until the next fire sale. Many said it was a fire sale at $60k,$50k,$40k,$30k. And now we are at $20K.
Might even be a fire sale at $15k and it’ll head lower.
There are quite a few waiting for the 15k, that might be the last fire sale as if we go below is going to be a blood sell. Already all the charts all the never below ATH, never done that and this and that has been broken in this bear market, but if we go that deep it's going to be painful, really really painful. |
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I consider how bitcoin adoption is ever increasing each day despite bitcoin running dip in price, many people have seen and taken the good advantage in using the digital currency for many reasons that best suit their needs, now i consider this set of physically challenged people (blind, deaf1 and dumb)
So, since when is a dumb person considered physically challenged? as we all know they would have heard about bitcoin 1Is this supposed to be a pun? What do you mean by exemption? shouldn't we consider them having the same equal right to enjoy the benefit use of bitcoin?. Then you phrased it wrong, as an exemption would be the opposite in this situation, although I can't picture how an exemption would work when there is no obligation or mandate in the first place, so what are we talking about? Yes, Most of this physically challenged people don’t have job or source of income so how you come up on the idea of getting them involved on investment. C
It's called a physical disability, and despite what some might think there are a lot of persons with such actively working, not on apr with persons without but still pretty high: at European Union (EU) level, only 50.6 % of persons with disabilities are employed, compared to 74.8 % of persons without disabilities. |
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To top it off, they are called Cypherpunk.
Let's add mere frosting to the cake: CSE: HODL a sector leader for blockchain, metaverse, privacy and cryptography focused investments So they've managed to somehow be the leaders in some hype that actually never materialized, as the leaders in interplanetary colonization. Current equity investments include Samourai Wallet, Wasabi Wallet, Chia NGRAVE and GOAT. I wonder if they bought Chia at over 1000 (now 40) On the balance of probabilities, we see weaker price action opening the way to lower levels to come as reports of the number of chains imposing ‘temporary’ suspension on withdrawals increases. Until such a time as our thesis on market conditions change, our treasury will remain in cash. This comes from the "leaders" of whatever! Anyhow, this was expected, as it gains traction and more and more business starts popping around we're going to experience the same flaws, the same liquidations, and the same bankruptcy as in every traditional market, bitcoin is money, bitcoin is value, these can't increase forever at those rates just because it happened before for some rainbow charts tell you so. |
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I mean, under this bear market...is it necessary to buy a miner to stock up on?
Wow, what an interesting thread, one line, and that's all, so much effort, but let's give it a try! Yup, just stay away from a certain vendor who is right now spamming all the forum with tens of accounts about their shop! Let's see you're going to wait half an hour and then edit your post and add the links? While I do have all respect for Cannan and their previous Avalons the way you "promote" your business here is really really annoying! |
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That is a good way to surpass the sanctions isn’t it? Russia is somehow tackling the issues of financial sanctions from all over the world through their careful planning and process of making the Ruble stronger. This could also help their locals to do business at higher confidence since they have strong currency now.
Indeed genius move... I wonder if your government would seize your Bitcoins, decide one is worth 10 000 dollars and convert 80% into some useless currency like a rupiah or a rial, would you still cheer this genius move that will help all their locals and their economy? It doesn't matter how strong the ruble is on paper, in reality, nobody gives a damn about that, look at car prices in Russia every single one of them is two to three times more expensive as everyone knows that's not the real rate, it's the artificial methods of keeping a currency afloat that has driven a lot of people to bitcoin and you're here preaching about capital control and assets seizures? I see a lot of talk about how badly Russia is doing, but I believe that it is not as bad as the Western media would have us believe.
Sanctions need time to bite, everyone was saying how sanctions don't work as Iran is doing...great   50% inflation, 80% in poverty, 20-30% drop in food purchases as they can't afford even carrots. Wait for it, it will be worse than the crash the USSR went through. |
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