VDS is indeed beneficial for anomimity so that it becomes transparent and decentralized even though basically bitcoin itself is transparent but anomaly, if transparency is more highlighted so that the name and address of the sender will be better
Freedom of privacy is what we are looking for in cryptocurrency. Many projects will wither and die, but those with true utility will survive and thrive. The wider public really isn't interested in privacy - look at all the private stuff they give to Facebook and Instagram for free. Privacy coins like Monero haven't really taken off, and just producing more and more new privacy coins makes that particular niche very crowded (ensuring that none of the coins gain a critical mass to be viable long term). |
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Is there a list of people or groups that allow large OTC transactions for fiat? None of this KYC and AML nonsense.
Nobody is going to do LARGE OTC transactions without verifying who you are. Because nobody wants to get caught assisting money laundering. It makes no sense for the seller to take the risk, unless you are willing to pay a premium over and above the market rate to compensate them for the risk. |
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The reason the regulators make exchange traded funds and index funds state "Past performance is not a guide to future performance" on their literature, is because of stuff like this.
People making wild projections in order to lure the foolish to buy at expensive prices thinking they're on a sure thing to becoming millionaires.
I wish people would stop - it's these kind of projections that give cryptocurrency a bad name.
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Gemini confirms himself as one of the most institutional money friendly exchanges, with a clear step in providing such client a safe ansd sound investment venue, providing them with an insurance for the funds held at the exchange. Winklevoss-Led Gemini Exchange Now Has Its Own Insurance CompanyGemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has created its own insurance company to protect clients against the potential loss of coins from its offline vaults – with a possibly record-breaking $200 million coverage limit.
The Nakamoto captive completes Gemini’s insurance triumvirate. Firstly, U.S. dollar customer deposits are eligible for FDIC insurance (placed at third-party banks including crypto-friendly Silvergate) and covered up to $250,000.
The second part came with a SOC2 security audit carried out by Deloitte, which enabled Gemini to attain hot wallet cover for funds held on the exchange, a deal also brokered by Marsh.
Hussain said Gemini managed to acquire coverage for its hot wallets back in 2018 – when underwriters had very little appetite for that kind of risk – because of the audit and the ability to show it had no single point of failure.
Quizzed over the limits on offer for hot wallet cover, he said: “It has a different risk profile and our underwriters prevent us from disclosing the amount."
I think this is big news, for a variety of reasons: - Exchanges have been the weak link in bitcoin ecosystem for a long time. A lot of theft, hacks and losses have plagued exchange since Bitcoin inception, and a Darwinist push is a welcome news. Only exchange with state of the art practices should survive. And this is happening. The Vinklevii put some money, insight and long term vision in a relatively immature sector. They were well aware of the regulatory framework required by the big client: Wall Street. And the playbook is slowly resulting in a evolved framework to make them invest (safely invest, from a regulatory perspective) in Bitcoin.
- It is difficult for an exchange to insure himself. The big difference here is that the cold wallets are insured, as per industry standard, if any, only hot wallets are insured. So this is pushing the bar for the competition even higher
- This development is also helping the insurance market to open to this kind of business. Insurance of crypto assets is something that not every insurer can assess and price. With more and more players asking for those services, insurance companies must eventually come to a way to price such risks. Obviously a bigger and more competitive market means lower prices for exchanges to be insured, with client benefit.
It's interesting that they've created an insurance company, instead of just getting insurance from Lloyds of London the way Coinbase did. I wonder if the plan is to get their insurance company to start offering insurance to other exchanges in return for a premium. The way insurance works is you pool the risks, so the more exchanges that get insured with them, the safer the whole ecosystem is, while not breaking anyone's bank. |
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People should be hoarding Bitcoin. It's going up in value. This however doesn't mean that people aren't using Bitcoin. There is a vibrant peer to peer ecosystem where people conduct business with each other every single day. People just aren't really spending their coins on groceries and whatnot, and why would they? That's what debit/credit cards are for.
People have an incentive to spend that what loses purchasing power and that thing also happens to be the most convenient form of money for day to day transactions locally. Bitcoin hoarding sounds great to me. Everything you spend through centralized payment gateways such as ShitPay ends up on the market anyway, so more selling pressure.
Ask what the people think about spending Bitcoin around the $3000 low. They hate themselves. Replacing spent coins is something they haven't heard of or don't want to do.
And this in a nutshell is why the cryptocurrency ecosystem is dying. If you refuse to spend your coins, then the service providers will close the option to pay in cryptocurrency. That in turn undermines the foundation and use-case for cryptocurrency. If you don't want to spend bitcoin, at least spend altcoins to ensure that the ecosystem doesn't die. |
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for some reason, it seems to me that you will not receive any Bitcoin cash because too much time has passed and now they simply will not do anything. most likely this is not even technically possible because wallet snapshots were taken in 2017 and how are you going to prove after three years that you really had 5 bitcoins? just forget it. nobody will give you your bitcoin cash.
This is nonsense. It's nothing to do with time passed at all. Everything on the blockchain prior to the fork is still there after the fork in each of the new forked chains. So anyone who had coins prior to all the forks can still claim them all. |
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The tricky part is the actual demand may arrive someday with nothing in place to serve it as all of it was abandoned years ago
Yeah. There is a cryptocurrency giftcard site in the UK that I buy supermarket giftcard top-ups from regularly, always paying in alts, simply because I want to keep the alt option going. (I'm scared if no-one uses it, it will get disabled). Here it is: https://www.cryptodechange.com/As far as I can tell it's the only giftcard site in the UK that accepts litecoin and doge. And these things are very much "use it or lose it". |
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Maybe people never will get beyond hoarding, but the ability to pay tax directly would make a huge difference to people earning in crypto. No dicking around with exchanges, no bank account hassles.
Oh I agree! But unfortunately, people were given the option, decided they didn't want to bother using it. The Ohio people decided it was too expensive to maintain a system that no-one is using. And New Hampshire looked at their experience and decided not to bother either. You see a similar story with ecommerce. A business enables bitcoin. No-one uses it, but it's a hassle to maintain the wallets or maintain the upgrades demanded by the payment processors. And when the costs exceed the benefits, it gets removed. The biggest problem with bitcoin is the community. People talk about how lovely it would be to have this that and the other, but never actually support anything with use. |
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https://thenextweb.com/hardfork/2020/01/17/new-hampshire-bill-to-allow-taxes-to-be-paid-in-bitcoin-falls-short/No, New Hampshire residents won’t be able to pay their taxes in Bitcoin or cryptocurrency.
Public records show that a bill filed this time last year, which would allow government agencies to accept digital assets for tax payments, has been shuttered.
Had the plans gone ahead, the US state of New Hampshire would have theoretically been ready to begin accepting tax payments in cryptocurrency after July this year.
Last November, the General Court’s Executive Departments and Administration Committee voted in favor of ending the bill. The decision was further backed with a verbal vote earlier this month, The Block reports.
Legislators in New Hampshire have been trying to get the state to accept cryptocurrency for tax payments since 2015. But the bill has continually come up against resistance from the state’s broader administration.
It seems that the bill‘s creators, representatives Dennis Acton and Michael Yakubovich, were more keen on making New Hampshire the first state to accept crypto for tax payments than actually offering a service that residents are demanding.
Back in August 2018, Hard Fork reported that Ohio became the first US state to accept Bitcoin for taxes. The website OhioCrypto.com was set up to facilitate the 23 different types of tax payment.
However, in October last year, Ohio treasurer Robert Sprague claimed that because OhioCrypto.com was operating as a “financial transaction device,” its backend provider — in this case BitPay — should have been chosen through a competitive tender process.
Sprague said that BitPay’s selection may have happened unlawfully. Ohio subsequently suspended its cryptocurrency tax payment service.
It should also be noted that fewer than 10 businesses ever used the Ohio system. It’s unlikely that anyone in New Hampshire will be left wanting. This is why cryptocurrency is not getting anywhere. What is the point of legislators doing loads of work to get a payment method on the books, as in Ohio, if only 10 businesses bother to use it? We're going backwards partly because people are hoarding their cryptocurrency instead of using it.
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Bitcoin on the rise
Now let’s take a look at how Bitcoin will rise as EU cash payments fall. According to BitPay, a Bitcoin payment service provider, payments made using BTC increased by a whopping 328% from 2016 to 2017. In 2017, Europe was the second largest Bitcoin market, behind North America. 35% of payments made through the service provider came from Europe. That was during the bitcoin price pump in the second year there was no growth they mentioned nothing about the numbers: https://bitpay.com/blog/2018-blockchain-payments-review/Growth was around zero. Nice catch. Bitcoin payments have never really recovered from the debacle of 2018 when the mempool ballooned to over three weeks. I think we all need to accept that bitcoin is now an asset rather than a means of payment. It will be an alt that ends up being a means of payment, most likely an inflationary alt to encourage people to spend it. |
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Full trading has never been an easy and easy task. If you want to make money trading, you should treat this activity as a full-fledged job, and follow all the quotes you are interested in almost around the clock.
Obviously, those who really like this will eventually become truly powerful traders. However, not everyone is able to withstand this level of stress.
The diffculty is that cryptocurrency trading happens 24/7 365 days a year, even on Christmas Day. Whereas trading stocks happens within set hours on weekdays (8 a.m. to 4 p.m. Monday to Friday), so you can actually treat it like a job and walk away from your desk when the market closes. To achieve something like normality when trading crypto you need to have times where you close out all trades and take breaks for a couple of days where you force yourself to do something else. |
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And I still believe most of the alts are shitcoins. Most of them sustained with Chinese people buying them like crazy. As the economic slowdown appears in China, more people would be selling them to have a dinner. NEO makes an instant failure in my analysis. Many exchanges too would suffer and hence, Chinese exchanges tokes too would be a bad choice. https://edition.cnn.com/2020/01/13/economy/china-2020-economy/index.htmlWhat evidence do you have that altcoins are supported by the Chinese? There arn't any exchanges in China. Yes, they can buy over the counter or in person - but that applies mainly to bitcoin. There isn't any peer-to-peer network to support altcoins in China. |
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Video Covering the hacks: https://www.youtube.com/watch?v=OAktOcT1MrsBinance and BITPoint lost over $70,000,000 in hot wallet hacks in 2019. Although the money will all likely be paid back to users, what do you think about exchange security? Do you think there is a certain standard for protection that all exchanges should have? We don't see Coinbase getting hacked, so are exchanges just not being as careful? I think there needs to be a higher standard and hopefully, in 2020 we will see less of these hacks, that are actually avoidable. Some of these exchange hacks have come from inside - so vetting your staff and making sure that you have rules about large amounts being moved and algorithmic checks to detect anomalies is crucial. But of course that all costs money to set up. |
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It's a nicely written article. Especially the 2nd narrative given in the article, is what the actual scenario will be! Understand a simple math of demand supply. If the demand of an asset remains constant and supply decreases, the price of that asset will increase. That's a very basic lesson of economics that we all read in school.
So as per the theory, the block reward will cut in half but the demand in the market is still robust, or even increasing day by day! So the price is supposed to be increased! I believe the current surge in price has already factored in the upcoming halving event and should continue in the same path! Let's hope for the best!
Yes, but counteracting that is the fact that most bitcoins don't move, so there isn't a lot of supply being sent to the exchanges. yet the price is not what it was two years ago. What happened in the litecoin halving last August should be a warning. There was a pump to $150 up to the halving, and then the price collapsed to $50. |
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Not unless he signs messages using these private keys, it doesn't mean anything. Blockchain is always transparent and the list could just be a compilation of large sums. There's no concrete proof and clearly, CSW doesn't think of what he says, and has always been seen as a liar even from the start. No wonder why his actions makes no sense most of the time, including this.
Yup. Either sign a message, or move a coin. If he was Satoshi he'd have moved coins already, given how desperate he appears to be for both fame and money. |
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Along with Binance many other exchanges delisted BSV from their exchanges
and recently BSV has grown up more than 50% price within 24 hours of trade.
If this trend will continue, will Binance going to list BSV again?
No. Actually this trend is the result of BSV getting delisted and now has lower liquidity, making it a better target for pump-and-dump behavior.Also the price increase doesn't make BSV less shady. Au contraire, it can make many others get burnt when the price will drop. This is the correct answer. It's easy to pump a coin that is on just a few exchanges with low liquidity and low trading volume. |
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The reality is that Bitcoin SV has overtaken Ethereum in growth. It is amazing that this cryptocurrency was created in 2018, and Ethereum in 2014. Bitcoin SV is being pumped, and the pump won't last long, these things never do. Therefore if you have any Bitcoin SV from the fork, this is your chance to sell it and turn it into fiat or bitcoin. Sell while you have the chance. |
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Weaken against what though? Against which currencies?
The Japanese are printing more than the Fed is, and their interest rates are negative. -0.1% compared to the +1.75% in the US.
China's budget deficit is about 5% of GDP. The trade war has hurt their economy as businesses are shifting production to lower profile (and cheaper) countries.
The eurozone has a stagnant economy and negative interest rates. -0.5% They're also printing collosal amounts of money.
So yes, the Fed is printing money, and the US has a budget deficit, and it's all ugly.
But in a room full of even uglier currencies, the dollar is the prettiest ugly currency out there. So I doubt it will weaken.
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Does anyone know what is causing the huge spike in Bitcoin Price today  A big change in price can usually be traced to some event, but I do not see anything significant today to explain this Now I just have to figure out when to sell the spike, and pull out some profits  Hard Facts Some people are claiming it's down to Craig Wright: https://www.coindesk.com/in-new-court-filing-craig-wright-claims-to-receive-keys-to-9-6b-bitcoin-fortuneAccording to a court filing to the U.S. District Court of Southern Florida dated Jan. 14, a third party has “provided the necessary information and key slice to unlock the encrypted file,” seemingly referencing the “mysterious,” unnamed intermediary with the private keys necessary to unlock the $9.6 billion bitcoin trove.
In another filing Tuesday night, attorneys for Ira Kleiman, the brother of Wright's now-deceased business partner Dave Kleiman wrote that Wright only provided a list of 16,404 addresses but no information about the courier.
This so-called bonded courier was originally due to arrive Jan. 1, though Wright did not confirm or deny whether this transpired at the time. Wright instead requested an extension for the intermediary to unlock the encrypted “Tulip Trust” at the heart of the case.
On Jan. 10, U.S. District Judge Beth Bloom granted Wright until Feb. 3 to alert the court of the courier’s arrival.
"Plaintiffs request they be provided with seven (7) interrogatories about the courier that Craig must respond to in ten (10) days. Plaintiffs will then use those responses to seek discovery from the bonded courier and his company," Kleiman's lawyers wrote. "In the interim, Plaintiffs are having their experts review and analyze the list. Plaintiffs expect that they will be ready to depose Craig after this discovery occurs, in early March."
The 1.1M bitcoin Tulip Trust is at the center of a bitter dispute between Wright and Ira Kleiman. Kleiman is suing Wright, alleging Wright expropriated bitcoin and manipulated documents, emails and other correspondence to defraud his brother’s estate.
Judge Bloom expressed doubt over the bonded courier’s existence and the amount of bitcoin in dispute. Wright was previously held in contempt of court for failing to produce a full list of his bitcoin holdings. He alleged it would be “impossible” to comply with the court order, as his bitcoin was encrypted by the complicated Shamir Secret Sharing Scheme. |
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Bitcoin trading is an unregulated in that it's not under the auspices of the SEC or other regulators, and doesn't have to abide by rules banning fake news designed for pumps and dumps.
So that's why we've been getting these stories ever since 2013 when bitcoin went mainstream. "China is about to ban bitcoin", "the ETF is about to be approved", "bitcoin is going to triple in price", "bitcoin is going to fall to $1000".
Most sensible people just ignore it all. It's all just noise,
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