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4301  Economy / Gambling discussion / Re: Mayweather Vs McGregor: Info and prediction thread on: August 15, 2017, 10:31:00 PM
The buildup to this fight is unbelievable and hilarious. Paulie Malignaggi is still talking and everything he's saying is still entertaining to me. Jeff Mayweather was interviewed and said Conor's boxing looked like trash in his sparring clip with Malignaggi where some said it was a knockdown and others said it was a push down.

I wish we had fights like this more often. It makes everything else in boxing and MMA to an extent look boring.
4302  Bitcoin / Bitcoin Discussion / Secret Service agent, corrupted by Silk Road case, admits to second heist on: August 15, 2017, 10:22:30 PM
Quote
Shaun Bridges, who already was given 71 months in prison, awaits a new sentence.

SAN FRANCISCO—Former Secret Service agent Shaun Bridges pleaded guilty on Tuesday to new counts of money laundering and related forfeiture.

In May 2015, Bridges was sentenced to 71 months after he stole money from Silk Road dealers while investigating Silk Road, a now-defunct Tor-hidden underground website.

Over a year ago, federal authorities strongly suggested in court filings that, in 2015, after Bridges had left the Secret Service and after he had already signed his first guilty plea, he had illegally transferred to himself over 1,600 bitcoins. Those bitcoins had previously been seized by federal authorities from Bitstamp, a European Bitcoin exchange, which later challenged the seizure.

However, Bridges was not formally charged with a crime until Monday evening, when prosecutors filed a new charging document in federal court.

That filing specifically says that Bridges “laundered the funds stolen from the United States government by moving the funds out of the BTC-e account and into other various online wallets and accounts.”

Last month, a Russian man, Alexander Vinnik, was arrested and indicted on allegations of money laundering. Vinnik is accused of creating BTC-e, a quasi-underground Bitcoin exchange that specialized in not asking too many questions of its users.

That indictment specifically mentioned Bridges and his fellow corrupt agent on the Baltimore Silk Road team, Carl Mark Force.

“Their experience with the criminal underworld taught them that using BTC-e, as opposed to a registered exchange with anti-money laundering policies, would maximize their chances of being able to conceal criminal proceeds,” prosecutors wrote.

Bridges will likely be sentenced in the coming months.

https://arstechnica.com/tech-policy/2017/08/ex-fed-in-silk-road-case-pleads-guilty-to-new-money-laundering-charges/

Summary: a secret service agent allegedly stole 1,600 bitcoins that were seized from silk road and tried to launder the money through BTC-E.

I haven't heard of this case before today. If its true it could somewhat flip the script in terms of bitcoin being used by criminals considering a law enforcement agent tried to use it?
4303  Economy / Economics / Re: BTC as a national currency? on: August 15, 2017, 10:46:58 AM
Most governments are too inefficient and dysfunctional to implement a cost effective national cryptocurrency.

The united states spending trillions of dollars on healthcare reform without producing much in the way of tangible positive gains is a good example of this.

A single person like Satoshi, or a small group of developers could do a far better job than a government when it comes to designing, producing and implementing something.
4304  Economy / Gambling discussion / Re: Game of Thrones - Who will rule? Odds and betting discussion on: August 14, 2017, 07:03:52 PM
Jon Snow is the legitimate heir to the Iron Throne and not Dany his aunt, Gilly was able to find that out but Sam Tarly was not listening

Was that the part where Gilly asked Sam what an annulment was?

I was thinking it could be evidence of 1/2 of Jon's parents leaving their former husband/wife & that there could be evidence of a secret marriage.

Jon touching the dragon seems to confirm he has Targaryen blood?
4305  Economy / Marketplace / Re: Escrow Guide on: August 14, 2017, 08:23:29 AM
This is an interesting topic. Is there a shortage of reliable escrow services for crypto? Maybe I should start one. One thing about escrow, having a reliable service people trusts will increase the overall value of bitcoin. Everyone wins. That makes it worth focusing on long term bitcoin value rather than being a thief and looking for short term gains that will only cause people to lose faith in btc overall.
4306  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin truly decentralized? on: August 14, 2017, 08:19:26 AM
Decentralization is an extremely relative term. If we proposed to measure the degree of btc's decentralization using some metric, what unit of measurement would we use? Abstractions relating to decentralization and similar concepts are prone towards being vague and ambiguous rather than an exact science.

Bitcoin's degree of decentralization is also in flux and constantly changing. If russia or another nation devoted resources towards bitcoin mining things could easily become more decentralized or the opposite could happen in the future.
4307  Economy / Marketplace / Re: Selling ideas on: August 14, 2017, 08:14:02 AM
Hi all . I have couple of ideas that I think is good .I not have the money or the skills (programing etc ...) to develop them 

One thing that should be mentioned: there are many free courses offered on websites like coursera, udacity and khan academy which contain video lectures teaching people how to make smart phone games & apps, write software and do other things. Programming and software engineering may not be for everyone. But I know there are some people out there who are doing well with little or no prior experience.
4308  Bitcoin / Bitcoin Discussion / Re: why wouldnt a government create its own asic to 51% bitcoin? on: August 14, 2017, 07:40:59 AM
According to this the US bureau of engraving and printing minted $40 billion dollars a month in 2013.

https://www.quora.com/Approximately-how-much-money-does-FED-print-in-a-month

Its been said that 90% of that is to replace currency in circulation.

Governments owning machines that can print bitcoin's entire net worth inside a month may not have much reason to be concerned.
4309  Bitcoin / Bitcoin Discussion / Re: Bitcoin buying by central banks on: August 13, 2017, 05:02:21 PM
Major banks often carry trillions of dollars in derivatives exposure. Bitcoin may be too small to concern them.

The main difference between banks and bitcoin is, bitcoin is focused towards building long term value. Wheras banks & the finance sector tends to focus on short term gains along a path of least resistance. That could explain why bitcoin continues to grow as it builds value while other things crumble and devalue as short term gains are depleted.
4310  Bitcoin / Bitcoin Discussion / Re: Former Bitcoin Developer Shares Early Satoshi Nakamoto Emails on: August 13, 2017, 04:57:36 PM
The vice.com link OP posted links back to a thread made on this forum.

https://bitcointalk.org/index.php?topic=2080206.0

Its too bad some of the more trustworthy and legitimate figures in the bitcoin community like Mike Hearn left.

We would really use their input and commentary on many issues like forks.
4311  Bitcoin / Bitcoin Discussion / Re: why wouldnt a government create its own asic to 51% bitcoin? on: August 13, 2017, 04:50:50 PM
Bitcoin's current market cap is around $68 billion usd.

Countries like north korea and afghanistan are credited with having as much as $6 trillion dollars in natural resources: metals, rare minerals, etc.

$68 billion is nothing to a big government. Their foreign policy may revolve more around controlling swaths of land which contain trillions of dollars worth of resources rather than focusing on things like bitcoin which are worth exponentially less overall.
4312  Economy / Economics / Re: Why Is Bitcoin's Value So Volatile? on: August 13, 2017, 09:50:09 AM
Bitcoin's relatively low market cap is one factor contributing towards volatility. A few whales buying or selling can make a huge dent in the price due to market cap being low in comparison to the amount of coins exchanged. If the market cap of bitcoin were $1 trillion it would be more difficult for buyers and sellers to make a dent in the price as an overall percentage and btc volatility would likely be more stable.

Bitcoin also being prone towards things like hard forks, SEC rulings, exchange instability, theft and having markets like silk road and alpha bay shut down also increases volatility.

4313  Economy / Economics / Re: Is Capitalism Flawed? on: August 12, 2017, 09:27:25 AM
In a capitalist country with 2 million people, all 2 million have the freedom to start a business, innovate, build better things.

In a socialist country with 2 million, only a small fraction will have the freedom to start a business, innovate, build a better product.

Capitalism although not perfect is a superior system for innovation and advancement. This is why russia and china have been forced to adopt free markets of capitalism over time. Its also the reason why venezuela a country rich in oil has suffered by attempting to nationalize toyota and making constant attacks on the private sector under a pro socialist banner which have reduced standard of living to a dramatic degree.

The thing socialism is best for is keeping people from having electricity and modern plumbing the way socialist north korea forces its people to live in an era before electricity was discovered. Socialism is only good for restricting innovation and progress and keeping people enslaved.
4314  Economy / Economics / Re: Putin's Aide Seeks $100 Million to Rival China in Bitcoin Mining on: August 12, 2017, 09:19:24 AM
It seems like domain names are banned. This basically means that Internet providers operating in Russia should prohibit access to these sites. And since another law has been recently signed by Putin which obliges VPN service providers (as well as anonymizers, proxies and their likes) to restrict access to such sites as well, you can't even use these tools to circumvent the ban (well, at least hypothetically). Regarding information about the court banning 40 exchangers at once (lol), you may look here

The complete list is as follows:

Quote
netex24.net
pro100obmen.net
makoli.com
hot-bit.com
365cash.co
ww-pay.com
newline.online
betatransfer.net
x-pay.cc
baksman.com
24paybank.com
n-obmen.net
trust-exchange.org
bankcomat.com
minedtrade.com
kassa.cc
fastchange.cc
wmglobus.com
goldobmen.com
cointocard.org
lionex.net
orangeexchangepro.com
xchange.is
achange.net
i-obmen.biz
btc2cashin.me
100monet.pro
solidchanger.net
cashex.io
cash-transfers.com
e-obmen.net
obmenkin.com
pmcash.kz
uxbtc.com
bitpayeers.biz
1wm.kz
e-money.cc
exchanger.org.ua
trust-changer.com
bestchange.ru

Expect more to come

Much thanks for the info. Maybe I'm naive but I don't think Putin is anti bitcoin or anti crypto. I think the united states and central banks put pressure on russia to pass these types of laws restricting crypto access. It could restrict russia's crypto exposure and force them to rely more heavily on the US dollar as a reserve currency. Russia being hit with so many economic sanctions, bitcoin may have become little more than a bargaining chip for them. Something to be used as an appeasement policy towards the USA and whoever else seeks to regulate crypto growth in russia.
4315  Bitcoin / Bitcoin Discussion / Re: Bitcoin Outlawed: Get Away from Bitcoin or Be Imprisoned! on: August 12, 2017, 09:14:13 AM
OP, governments aren't targeting imprisonment of crypto users. Their policy of choice is legalizing the confiscation of crypto holdings without warrant or just cause. In the united states, there is something called senate bill 1241 which has in the news not long ago for proposing this. The legal proceedings (if any) will be interesting as protections against unlawful seizure are mandated by the 5th amendment of the US Consitution.
4316  Bitcoin / Bitcoin Discussion / Re: What Happens to Bitcoin's Security After Quantum Computing is Perfected? on: August 12, 2017, 06:32:38 AM
AFAIK if true quantum computing is developed, encryption standards will be upgraded to quantum levels to secure against brute forcing.

Its probably more cost effective to build a cloud of existing hardware built specifically to brute force encryption than to undertake the pioneering of a theoretical field like quantum computing.

Quantum computers are similar to fusion energy in that there is a lot more theoretical abstraction than actual results in those fields.
4317  Economy / Gambling discussion / Re: Mayweather Vs McGregor: Info and prediction thread on: August 12, 2017, 05:42:06 AM
A short clip of Conor McGregor sparring Paulie Malignaggi has been released. The clip is from their 2nd sparring session where they went 12 rounds. Its the same sparring session where the pic of Paulie on the ground was posted from:

https://www.youtube.com/watch?v=WcHVsZGyZOw

Can't say for certain whether the knockdown is legit. Conor lands a monster left hand which seems to rock Malignaggi before he falls.
4318  Economy / Gambling discussion / Re: Mayweather Vs McGregor: Info and prediction thread on: August 11, 2017, 10:59:25 AM
Bone can be malleable to some extent during your growth, but after you are a grown adult, there's no way you are going to expand your bones with exterior forces anywhere notable.

Hanging from a bar is a good exercise to decompress the spine, it makes you a bit taller, but I mean your arms are not going to grow 3 inches, that must be a mistake when measuring Conor's arms or something.

The Malignaggi thing is good banter. Also Paulie will be commenting the fight on Showtime so he will be there watching the fight, he said he will reveal some stuff in august 26th during commentary. According to Paulie, the entire fight is recorded and he told them to release the entire footage, so its up to then now.

I'm only repeating what one of my friend's who trains MMA told me. He says people hang from a bar with weights attached to their legs to increase their reach/arm length. I can't vouch for its accuracy. It is possible a person's shoulder joints might become more looser or more flexible over time with training allowing a person to gain more extension on how far their arms can reach. I would be very interested to see the results of a medical study on that.

I think Malignaggi knows they won't release the footage. Floyd's trainers could analyze it and break down strengths/weaknesses which could help Floyd in the fight. They might release it after the fight though.
4319  Economy / Economics / Re: Putin's Aide Seeks $100 Million to Rival China in Bitcoin Mining on: August 11, 2017, 10:42:05 AM
Quite naturally that you might not closely follow the events related to Bitcoin in Russia, but just a few days ago a Russian court made a decision banning at one sweep something like 40 Bitcoin exchangers operating in Russia (that was hilarious). The lesson to learn is that you should take anything you hear about Bitcoin in Russia (both good and bad) with a spoonful of salt

Doh. That sucks! Will it be a hard ban? Or will those 40 exchanges merely circumvent the ban with mirror redirects like btc-e may have?

Also where did you find this information?   Huh  I'm searching but can't find any news of it.

Even if russia doesn't get into mining, I'm hoping japan, australia, korea or another country will. If another country competes with china in mining, I would guess it won't be one that has strong ties to the united states or to central bankers though. Russia announcing plans to enter the bitcoin mining market could be made in retaliation for the united states latest round of economic sanctions. On some level russia could recognize the US doesn't want anyone to threaten china's mining operations & so russia announces plans they will do that to pressure the US.
4320  Economy / Economics / Re: Cashless society on: August 11, 2017, 10:36:33 AM
I still think cashless society is like an internet without neutrality.

The second ISP's are able to self regulate, they'll likely use their monopoly position to raise rates, increase fees, throttle bandwidth and engage in other profiteering measures knowing full well they can get away with it. ISP's having full control over the telecom industry and its regulation is a bad thing.

The second banks have their cashless society, they're likely to utilize their monopoly to do very similar things.
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