Is that an argument that the bitcoin market is nothing but pumps and dumps on news? I reckon it appears this way many times hehehe.

In any case, there is demand from investors that want to invest on bitcoin but not direct exposure on bitcoin's volatility. The ETF is the only answer.



However, he is worried about bitcoin’s volatility and the regulators’ adverse response to it. “Every time I talk off the record to the regulators, because I talk to them all the time for various reasons, they’re a little squeamish on bitcoin, they are not quite there yet,” he cautioned.

O’Leary added, “When I can get this thing regulated so that I can put millions of dollars into it and know that I’m not off the side in any way. I’m not breaching anything … and it would be stable,” he affirmed:

If that was the case, if tomorrow morning we woke up and the SEC said you can create an ETF with bitcoin and we think bitcoin is a legitimate, you know, payment system and store of wealth, not only would it go up but you’d have a lot of people like me investing in it.

Source https://news.bitcoin.com/shark-tank-kevin-oleary-5-portfolio-sec-approved-bitcoin-etf/

He wants his own image for bitcoin and with his economic influence on it and an inordinate amount of control on the price, can he influence the community?

I reckon much of the people in the community might not care as long as he and his friends can pump bitcoin with their billions of dollars. This is another story of big people stepping on little people again hehehe.



“Stop talking about regulatory arbitrage. Censorship-resistance, privacy, and tax evasion are bad ideas. We hate that.”

The conversation began with a huge letdown. I had asked Michael Saylor what could motivate greater institutional investment in Bitcoin—after all, if Bitcoin is going to the moon, we’re gonna need a lot of deep pockets to climb on board.

“People with billions of dollars don’t want to invest in crypto networks that support anarchists,” Saylor explained.

I asked Saylor if this was a marketing problem.

"It’s a matter of emphasis. The industry would benefit if we didn’t call Bitcoin a cryptocurrency, but a crypto asset."

As a “currency,” Bitcoin not only competes with the Treasury and the Federal Reserve, it also implies a payment network to compete with Square, Apple Pay, Alipay, and other services that are both faster and cheaper. Maybe that’s why even the venture capitalists on Sand Hill Road still struggle with Bitcoin as a technology. They see it as either a bet on the collapse of Western Civilization, or a heavily impaired PayPal.

Source https://www.btctimes.com/insight/michael-saylor-on-bitcoins-next-billion-hodlers

Agreed. UFC 256 was very much different when it was announced. I reckon Kamaru Usman vs. Gilbert Burns is the biggest cancellation.

Why did the Steelers not choose to let their kicker out for the field goal and 3 point lead? They were 4th down on the 30 yard line. This occured on the 4th quarter, 5:45 minute. Was that a mistake by the coach? The Redskins might won because of that.

Did sportsbet.io presently remove the betting for quarterback passing yards? I made a bet on this maybe only 2 weeks ago.

In any case, there are many injuries for San Francisco. The passing yards for Josh Allen might be good for over?

Another article written about the Stable Act and criminalization of public node operators. This should ask the question, does Paypal have a banking charter? If Paypal begins to use the Ethereum blockchain for payment processing, will the government consider it criminal similar to other smart contract stablecoins? They are similar, they do not have banking charters and licenses.

The Stable Act is broad and this makes it dangerous.



Stablecoins aside, the bill would have dire implications for permissionless blockchains generally. The bill is intended to cover smart-contract-issued stablecoins like Dai. The logical consequence of the bill is that if any person is running software that validates Dai or other stablecoin smart contracts they will, themselves, be violating the law unless they are a chartered bank. Wisely, the bill does not appear to criminalize authoring or distributing that smart contract code because that would almost certainly face strict constitutional scrutiny on First Amendment grounds, as we’ve written about extensively.

Instead, it makes it illegal to run that software. To be clear, that software is the Ethereum network client. An Ethereum node does not discriminate between the various otherwise validly constructed smart contracts, it simply checks the math. If your software can’t discriminate between “legal” and “illegal” smart contracts, the bill’s sponsors might argue, then your choice to run that software is, itself, illegal. By targeting stablecoins this bill would have the effect of also destroying the larger Ethereum network and any other smart-contract-enabled public blockchain as necessary collateral damage.

Source https://www.coincenter.org/the-unintended-consequences-of-the-stable-act/

@buwaytress. It might be not yet or this might only be a marketing pump by Paypal. However, if Paypal becomes the most accepted and most adopted processor for bitcoin payments not made on the blockchain, does this imply that we do not need the Lightning network?

@TGD. You support a fork? This might not occur similarly to Ethereum and Ethereum Classic where there were passionate support from the 2 sides of the fork. Where is the Ripple community and what can they do? They do not have nodes in Ripple's unique node list as validators.

@Darker45. Laurence Fink is larping similar to much of the larper maximalists who want a price pump. What currency will they sell their coins to when it is time to take their profits?

This might not be the whole and complete truth from the Ripple CTO. The Ripple nodes that will only matter are included to the Ripple's unique node list only by Ripple and their allies themselves. There is nothing democtratic about including only your allies to be as validators of the Ripple ledger.

In any case, can Ripple delist validators from the unique node list in case there is a threat to burn their 50 billion XRP? Also, would this not cause a fork if some agree with the burn and some are not?


David Schwartz, CTO of Ripple

On Dec. 2, a Twitter user asked the CTO, “If Nodes, validators and the community at large got together and we agree that it's better for the community to burn the 50 billion XRP Ripple has in escrows would that be possible?”

Responding to the tweet, David Schwartz implied that majority rule would win in such a decision. "Yes. There would be nothing Ripple could do to stop that from happening. Public blockchains are very democratic. If the majority wants a rules change, there is nothing the minority can do to stop them," Schwartz commented in response.

Source https://www.coindesk.com/ripple-cto-says-majority-vote-would-force-the-burning-of-billions-in-xrp

I am not certain if many of them are deserving to be called journalists hehehe. They are only mouth pieces for the companies that are paying them to advertise and larp.

Those journalists reported that China holds the funds of the Plustoken scam which was wrong. They never investigated that those funds have moved with the help of Chaindigg, a Chinese blockchain analytics company and were dumped with the help Huobi and Okex.

Also, those journalists should also investigate Tether and the unaudited issuance of USDT that appears to have a connection with bitcoin's pump.

That is only another hype and pump article from bitcoin news media and the larpers. Why would Paypal users risk the dump and lose their buying power if they only want to pay for something? Paypal is good for making payments in fiat already.

@bearexin. Selling the coins fairly in an auction is very different from hiring a blockchain analytics company and help them hide the transactions and launder them to dump on exchanges. Also, one of the cofounders of the blockchain analytics company is also the cofounder of the exchange.

Also, it is good if it is not surprsing to you anymore that there are exchanges and blockchain analytics companies that assist the government and criminals to launder and move money. This implies that they cannot hide.

@Darker45. However, besides escaping capital controls and money laundering, what would be the other purpose of the unaudited and unbacked Tether except to pump cryptocoins?

It might also be part of the money laundering process to buy cryptocoins.

In any case, we can continue discussion in the big short thread.

https://bitcointalk.org/index.php?topic=5250676.0

NFL experts! What are your analysis on the Bills versus San Francisco? Why is the odds beginning to favor San Francisco when they are not playing in their home stadium and they do not yet have Jimmy Garoppolo back from injury?

I want to bet on the Bills but I will wait for everyone's advice hehe.

I sent her a short message on social media 10 days ago. She never replied, however hehehe. I reckon she might not be interested in reviving new life in Aeon or she is quietly accumulating before reviving new life hehehehe.

@Darker45. I like your skeptical mind hehe. It might not be surprising to you, however, many people do not know but should know, I reckon.

Also, from your skeptical mind, what are your thoughts on iFinex and Tether allegedly printing billions of unaudited USDT then loaning them out to exchanges? Surprising or not? Some people have argued that I am wrong and this is only fud.

Agreed and my biggest argument on this is incompetence if criminals and all the other dirties can have Borat verified as a real user.

However, the skeptical me is also thinking that many exchanges in the cryptospace allow this for special accounts as part of a global moneylaundering ring very similar to HSBC and others.

I am not certain if the purpose of that news is fud or hype. Are the bitcoin news media sites telling everyone that this is good because the Chinese government is hodling or are they telling everyone that those coins can be dumped anytime? However, those coins might have been dumped already with the help of Chaindigg, China's Chainalysis.

https://research.oxt.me/special-situation-report/1/preview

https://research.oxt.me/special-situation-report/2/preview

https://blog.chainalysis.com/reports/plustoken-scam-bitcoin-price

https://twitter.com/wublockchain/status/1332498136191938561?s=12

Bitcoin news media wrongfully reporting that the Chinese government presently holds Plustoken's coins.

Chaindigg, China's version of Chainalysis, helping the Chinese government mix and move the coins to exchanges for dumping.

The exchanges assisting Chaindigg for dumping the billions without questions.

The possibility where other blockchain analysis companies and exchanges can also do this service for criminals and corrupt government.