hmm.. so if cyberdoc hands craig the privkey for cyberdocs 1933ph address.. craig could possibly use it and pretend that it validates a story of, if he has one privkey of addresses in the list he must have them all...
kinda wonder why craig has not done so yet.
i wonder what cyberdoc and craig are waiting for.
if i made a textfile of few hundred addresses but then included one which i or a friend did have a key for.. the only reason i wouldnt use the privkey to validate an address in the collateral file.. is that stalling is the aim of the game
only a few months left of the aussie statue of limitations
If Craig Wright manages to convince cyberdoc to do some scam like this, then the market will react like crazy. Already the BSV exchange rates have rallied by more than 300% during the last few weeks. If CSW pulls this off, then we can expect a spike of another 400% to 500% (i.e the prices can jump from $350 to somewhere between $1,500-2,000. By the time someone comes up with the proof of this scam, CSW may have already dumped most of his BSV for fiat cash. It can make him rich by a few billion USD. |
|
|
|
|
I was jobless for almost 6 months in 2014 and earnings from signature campaigns helped me to survive. I had almost zero savings apart from Bitcoin and by the time I got a job (end of 2014) I was neck deep in debt. It was unfortunate that I had to sell almost 30 BTC back then, for around $250 per coin. But I had hardly any other option. Anyway, there is no point in talking about it all the time. I am still having some $100,000 worth of coins and I hope that the exchange rates will go up this year and I will be able to sell my coins and retire from my full-time job.
|
|
|
|
I also don't get this thing when I try to withdraw my coins that why do they ask us that huge amount when they don't even send half of what we paid them in fee? Is it not a way for them to make money? I can go for altcoins but then, what is the use of Bitcoin? Why can't we have 5k satoshis in fee instead of 50k or 100k? The alts we choose to withdraw, need buyers in real world too to sell these to them directly without finding a way to convert it back to BTC or Eth. There is not much that we can do about it. The exchanges are not legally bound to have an upper threshold on the withdrawal fee that they charge. And that means that they can charge whatever they like. In the end, it is up to the users to make the decision. If they don't want to pay such high fee, then they have two choices. The first one is to use an exchange with lower fee. There are thousands of exchanges out there, and it is not that difficult to find one with lower fee. The second option is to first convert your BTC to BCH or ETH and then convert it back to BTC after the withdrawal. If the amount is not that large, this is the method that I use. |
|
|
|
China is one of the richest country today and I beleive they do not need money for donations, what they need is medical staff volunteers and a huge supply of materials use to prevent the spread of virus like face mask and the most important what they really need is vaccine which until this time no cure for ncov-2019.
It is a new strain and therefore it is going to take some time to create a vaccine. It may take anywhere from a few months to a couple of years. I heard that facial masks are in short supply and donating some medical equipment including masks will be a great way to help the Chinese. But there is very little that can be done on our part, since the virus is extremely contagious and spreads through air. The only way to stop it is by enforcing lockdowns and quarantines. And it is up to the Chinese government to do that. |
|
|
|
|
A lot of people were complaining about the dominance of the Chinese in Bitcoin mining sector. Perhaps they will be satisfied with the drop in hash rate now. But all of us need to remember that this is just a temporary drop. The stats regarding Coronavirus from the last few days indicate that the Chinese authorities have managed to contain the epidemic. Now it is mostly limited to the province of Hubei in Central China. This means that the mining farms in Sichuan, Gansu.etc will resume their operations pretty soon.
|
|
|
|
Back to the topic though. An expropriation of the funds which were legally earned is impossible in the present-day Western world.
Seriously? After all the examples we had during the recent years? What is your opinion about the 47.5% haircut on savings bank deposits in Cyprus, which was implemented in 2013? I am not that knowledgeable about world geography. But I guess the Republic of Cyprus is located within the "Western World". Please correct me in case I am wrong. You are right. The lure of "free" stuff is extremely strong. The people voting for them don't seem to realize that nothing is free and they are selling themselves and their progeny to these people, and trading their liberty and everyone's liberty in return for a few pieces of silver. Once it is done it is extremely difficult to go back to freedom. You may be able to vote yourself into the slavery of socialism, but you can only fight your way out.
Look at Venezuela. The richest country in South America 25 years ago with a ton of oil riches. They elected a socialist who promised "free" stuff to the people and promised to "equalize" incomes and wealth. He succeeded, he just equalized them down to a dollar or two per month.
People who think it can't happen somewhere are naive. A power hungry group can seize power and eviscerate the constitutional protections over a short (or long) period of time. The left can play a long game, look at how FDR in the US undermined the constitution in order to advance his power and how leftist presidents since then have built upon that.
A Sanders with a Congress of like mind could easily take it to the extreme where there would be no return. The courts would be of little use, look at how FDR threatened to pack the US Supreme Court and then, suddenly, got his way on the issues of the day. Know what? In democracy it is the population and organized voting power that matters. I know what happened in Venezuela, because I was following the politics in that country even before Hugo Chavez became president. A majority of the people were living in shanties and slums when Chavez contested the presidential elections. He promised them free healthcare, education and a shitload of subsidies. And he won. During the initial years, everything went well (because the crude oil price was ~120 USD per barrel). But once the crude prices dropped, the model became unsustainable and the economy collapsed. |
|
|
|
Bitcoin isn't going to be more scarce, just to get things straight. New Bitcoin introduced into circulating supply will only have its rate cut in half... so 50% fewer new bitcoins generated every block. That's all.
The max supply and available bitcoin isn't actually becoming scarcer, that happens only when more people accumulate and hold, or they're permanently lost (either through accidents or death). In which case, we can assume this is happening more and more every day and only when lost or withheld supply is more than new supply will bitcoin be "more scarce".
It's only psychological though to me. 1 btc = 100 million smaller units.
The supply of "fresh" coins will become scarce and there is no doubt about it. As of now, some 656,250 coins are being mined every year, and in around three months this amount will drop to half of that. As of now, there are close to 18 million coins in circulation, but a large part of this is not in free-float. Some 4 million coins are "lost" (i.e no one is having the private keys to move them) and a larger amount is being kept in cold storage. Considering this, the suppy reduction is going to have an impact on Bitcoin exchange rates. |
|
|
|
I am sure the miners already upgrade their equipment from the last year or this year because they realize that if they want to get the big reward, they need to have big hashrate of mining equipment. They are ready for the halving time, and they still mining until now. But I think that only the big miners which can upgrade their equipment because to buy the high-end equipment, it needs much money so for small miners, I think they still use the old equipment.
Technology is advancing at the speed of light and it is very difficult to keep up with it. For example, a group of miners may spend a fortune to accumulate millions of USD worth of state of the art mining rigs, with the latest technology. But after 6 months, they will find themselves behind the technology race as by that time even better mining rigs will be in the market. Now the miners are left with very little options. If they want to go for the latest equipment, then they need to get rid of the old ones. And they won't be able to get good prices for their old equipment, since the second hand prices for mining equipment is not that good. |
|
|
|
Which Altcoins Should Be Watched Closely in 2020
As the year 2020 started with boom in crypto currency after almost 1 and half year silence.Some of the ALTS shown great progress that includes ICX and some others.Can i ask experienced fellows here ,which are the ALTS that looks promising in 2020,Thanks
Looking at its steady growth, Tezos (XTZ) is a project to keep an eye on. Even it have a controversial start, they have a lot of money to fund the project and if we are looking at the price, this is steady growing. I have also noticed that there is a lot of hype in the social media regarding Tezos lately. The ICO was one of the largest in recorded history, with a combined investment of $232 million pledged during the initial listing phase. This project looks good on paper (implementation of self-amending crypto ledger technology), but what bothers me is the infighting within the development team (especially between Arthur Breitman and Johann Gevers) and the resultant legal fight. Anyway, the team seems to have reached a compromised and development activities have resumed after a brief period of internal restructuring. |
|
|
|
Bitcoin cash is a safer investment options compare to those unrank coins/altcoins as Bitcoin cash has proven how useful it is like the speed of it's transaction compare to bitcoin and also it's transaction fee is much lower compare to bitcoin.
These advantages put Bitcoin cash into rank #4 base on coinmarketcap which make it more popular and is favorite to be an investment options of newbies and other professional investors who fully support and believe the capacity of Bitcoin cash. So I can say that Bitcoin cash ia a better crypto to invest this 2020 especially that the market will likely to shift into bull run in the following months.
Bitcoin Cash is essentially a "heavy" version of Bitcoin, with larger block size and faster transaction speed. Earlier I used to oppose Bitcoin Cash, due to its association with Calvin Ayre and Craig Wright. But now Craig Wright has broken away (rather "forked off") from BCH, so I don't have many reasons to oppose this coin. I am still not happy with people such as Roger Ver, but given the sort of returns that BCH has given during the past few months, my opinion is that it will be foolish not to invest in this coin. |
|
|
|
|
Investors are madly flocking to Binance coin (BNB) and they are ignoring the risks that are involved in investing in this coin. First of all, BNB is heavily dependent on the health of the Binace group of exchanges. If the exchange goes down, then this coin will become worthless. And secondly, Binance exchange is heavily dependent on the IEO revenues. For now, the IEO market is in good shape, but we are witnessing some signs of fatigue. The valuation may take a hit, if the IEO market undergoes a slowdown.
|
|
|
|
There are a huge number of Bounty Campaign. A very large number of projects. But I like your remark very well. It's a bit of a way to get diversified until one ends up paying.
ROFLMAO... It can't get any worse than this. So you want the bounty hunters to do all these bounties, until they eventually gets paid? What if they fail to get any rewards even after doing 10 or 15 different bounties? Take my advice. Do something useful during this time, rather than chasing these bounties which never pay. There are a lot of things that the new users can do apart from bounties. The only thing is that they should be having the patience to learn new things, which can be applied later on the cryptocurrency market. |
|
|
|
|
Bitcoin Cash is essentially Bitcoin with only a few minor differences. The only disadvantage with BCH is that it is being supported by a few whales, who doesn't appear to have a good reputation in the cryptocurrency market. With altcoins looking off color lately, investors are increasingly searching for other alternatives. And for those who don't want to invest in Bitcoin, BCH appears to be a viable alternative. It's adoption as a mode of payment has grown over the last few years, perhaps at a faster rate when compared to ETH.
|
|
|
|
1. Bitcoin ATM's usually charge much higher fees than exchanges, so they're not the best for customers. -snip-
Yes. This fact makes less interest in using Bitcoin ATMs. Then, of course, it doesn't help for better adoption. Unless if Bitcoin ATMs charge lower fees, so it can help for the adoption of Bitcoin, although it is not so significant. 2. Bitcoin exists on the Internet, so it's actually not that important for people to buy it via an ATM -snip-
However, if Bitcoin ATMs charger lower fees, it can be another option for people to buy. But yes, it may decrease the anonymity of someone. Well, as another option, it is not too bad as long as not charge high fees. Significant costs are involved in operating a Bitcoin ATM and it is not like operating an online platform. On top of that, the tax structure and liabilities are different as well. So unlike the online exchanges, you can't expect fees in range of 0.1%-0.2% for the ATMs. Most of them charge anywhere between 4% and 10%, and those who are looking for anonymity will be ready to pay such premium. Anyway, it is a free world out there. If you don't want to use an ATM, then you are free to do so. No one is forcing others to use these machines. |
|
|
|
That strategy is called dollar cost averaging but it is daily basis, yes it is risky but that kind of strategy is effective especially if the market have growth. I do not prefer investing per day because of the fees, it is better if it is on weekly basis to lessen the fees. I tried to do Dollar Cost Averaging before but it is in stock market, I earned around 60% in less than 1 year by doing DCA. I already planning to do it also in the cryptocurrency market in this current year.
Dollar cost averaging is perfectly suited for the stock market. I have also tried it, and gained from it. But the same can't be said about the cryptocurrency market, because it is very different in all aspects from the stock market. In the stock market, you can easily calculate the fair valuation of a stock, based on its financials and future growth potential. You can check EPS, P/E.etc for the stocks to calculate this. But no such parameters are available for Bitcoin. I am not saying that DCA can't be used in the cryptocurrency market, but I am just hinting that it may not be the perfect strategy there. |
|
|
|
I've been thinking on this topic for some time, and here's what I've come up with. If the whole world was like the Soviet Union or Mao's China, these propositions/dreams of such a seizure could be translated into action. But in the democratic countries there's simply no chance for that course of action. Sorry, Eleanor Saitta. Go to North Korea, take your ideas with you, and maybe try your luck there.
Don't think that it will never happen in democratic countries such as United States or the European Union. The Social Democrats of the west are moving more towards the radical left. I can give you numerous examples. The first one that comes to my mind is Bernie Sanders of the United States. He is having a good chance to win the Democrat nominations this year. Jeremy Corbyn of the United Kingdom is another example. I would rate him a step above Sanders as far as radicalism is concerned. And finally, we have Justin Trudeau of Canada, although at first glance he would look like a moderate left-wing politician. |
|
|
|
|
I was thinking about this particular piece of news for the last few days.. and then something came to my mind. Binance doesn't require KYC for its users, if their daily transaction volume is less than BTC2.00 (someone please correct me if I am wrong). Obviously a lot of the governments are not happy with this. The US authorities even forced Binance to block users from that country (the US users were moved to a KYC-enabled platform recently). Now I don't support criminals using Binance or Huobi to launder their booty. But what I don't want is the government using it as an excuse to force KYC on some bounty hunter, who is looking to sell his $5 worth of tokens that he received from the campaign.
|
|
|
|
The sad part is that there are people who still follow him.
BSV is up something like 12% in the last 24 hours. I just don't get it.
I mean, I do get it there are people who will follow a con till the end of time, I just don't understand how they can be that dumb.
-Dave
Rising prices of BSV doesn't necessarily mean acceptance of Craig Wright's claim that he is the real Satoshi. There are millions of cryptocurrency users around, and apparently CSW has been successful in fooling a small part of them, by using the "fear of being left behind" method. A large number of users think this way - they are 99% sure that Wright has nothing to do with Satoshi. But they are still unsure about the remaining 1%. So they are ready to invest 1% or 2% of their wealth to amass some BSV coins. Just to make sure that they are not left behind, in case by some miracle Wright is able to prove later that he has some relation to the real Satoshi. |
|
|
|
|
Going by this method, if you invest $1 per day for 5 years, you will be left with a profit of $20,405 (on investment of $1,858).
I am someone who had the fortune of purchasing Bitcoin in its infancy. When I purchased BTC, the exchange rate was around $10 per coin (by the end of 2012). If I had held on to my investment, then my $150 investment could have grown to $150,000.
What I am trying to point out here is that you need to invest in Bitcoin as soon as you can, using whatever amount that you can afford. The exchange rates are going to rise with every passing day, and the daily investment method will not be very effective in that case.
|
|
|
|
|
Everyone knows this and most of us don't keep our coins in the exchanges. I learnt my lesson in a hard way, after I lost coins that I had stored in Mt Gox in 2014. But it is not always practical. For example, sometimes exchange wallets are the only viable option available for storing some of the altcoins. It is not practical to install desktop wallets all the time, and as a result we are forced to store at least a part of our coins in exchange wallets. Even recently I had lost my coins in exchange wallets, when exchanges such as Wex.nz and Cryptopia closed down.
|
|
|
|
|
Show Posts
