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 RippleOn 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 |
|
|
|
Yeah, that's true. They will do whatever it takes to stretch the narrative in order to keep monetizing on bitcoin as long as possible. The number of so-called crypto journalists is on the rise and I am not surprised at all.
They need to eat, hence they will write crap as long as they can.
I tend to skip all the price related news anyway because I know what I will find in it.
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.
|
|
|
|
@bigslimvdub. The americanpegsus is back. Maybe we should reach out to her and do an interview for the community blog. It might be good for the community to gather around her again together.
Since she is promoting again now on YouTube, maybe she should show interest in Aeon again by doing a bit? 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.
|
|
|
|
In any case, it might not be to make it easier for the users. KYC verification should be under very high scrutiny or money launderers can verify many accounts for their operations. Which is still very possible and most probably done until now. Technologies relating to biometrics have definitely advanced a lot with the use of AI, 3D analysis, and so on and yet it seems fake KYC is still easily passed. KYC with the use of fake identities and fake documents is not gone at this point. It is still rampant. 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. |
|
|
|
Weird how the criminals didn't use the so called "criminal coin". https://cointelegraph.com/news/chinese-police-seized-crypto-assets-worth-4-2b-today-from-plustoken-ponzi194,775 Bitcoin (BTC), 833,083 Ether (ETH), 1.4 million Litecoin (LTC), 27.6 million EOS, 74,167 Dash, 487 million XRP, 6 billion Dogecoin (DOGE), 79,581 Bitcoin Cash (BCH) and 213,724 Tether (USDT) Thanks @Krubster for the link. 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/previewhttps://research.oxt.me/special-situation-report/2/previewhttps://blog.chainalysis.com/reports/plustoken-scam-bitcoin-pricehttps://twitter.com/wublockchain/status/1332498136191938561?s=12 |
|
|
|
And what seems to be the big deal about this?
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. |
|
|
|
@XZERO1. It might be this one.  In any case, it might not be to make it easier for the users. KYC verification should be under very high scrutiny or money launderers can verify many accounts for their operations. I speculate that this might be incompetence. |
|
|
|
Khabib's real meeting with Dana is to create a partnership with the UFC for the promotion of his new fighting league. It appears that he will never fight again in the octagon. UFC lightweight champion Khabib Nurmagomedov has made his first major move to continue his association with MMA after his retirement by buying Russian MMA promotion Gorilla Fighting Championship, according to reports.
The promotion, better known as GFC, operates out of Khabib's native Dagestan, and last staged an event, GFC 29, on October 16, with two more shows set to take place on Dec. 4 and 19 to round out its 2020 schedule.
But now, according to Russian journalist Azamat Bostanov, Khabib has purchased the GFC promotion, which will be renamed Eagle Fighting Championship (EFC). The purchase price? $1 million.
The news may shed some light on the "something interesting" Khabib plans to discuss with UFC president Dana White, with a partnership with the UFC to have the newly-branded EFC shows streamed worldwide on UFC Fight Pass a distinct possibility.Source https://www.rt.com/sport/508103-khabib-purchases-gfc-mma-promotion-dagestan/ |
|
|
|
News update! Tom Lee is back with his new bitcoin predictions for our enjoyment hehehe. Everyone will like what predicts! However, might this also imply that we might witness something similar to his famous prediction of 2019? There is an interview in the source. Bitcoin to more than triple next year?
@fundstrat's Tom Lee makes the caseSource https://twitter.com/CNBCFastMoney/status/1333898396118245377 |
|
|
|
|
@sunsilk. I would be careful on Bisq. We do not know where their bitcoins came from and also where their cash came from. Exchanges or the bank can freeze your account for suspicions that your coins came from the darknet or the cash is from a suspicious source.
|
|
|
|
|
@aesma. The confiscated coins went to Chinese exchanges Huobi and Okex. I reckon that it is illegal for the Chinese government to trade on an exchange in their own behalf. This is why the American government auction confiscated coins.
However, if you ask the skeptical me, it might be for plausible deniability and because they have something to hide heheehe. It appears Chaindigg can be hired for moneylaundering purposes.
|
|
|
|
Like you said bitcoin is pseudo anonymous. I personally fear the lightning network making bitcoin anonymous. I've still yet to get a concrete answer whether the Lightning Network actually makes bitcoin truly anonymous or not, but if it does, I worry. Man countries don't allow their women to drive, vote, or hold many career positions that men do..why on earth are they going to allow an anonymous currency to operate in their country? Of course OTC will always live, but shutting down exchanges could be detrimental to bitcoins future.
I speculate many of the people think similarly because they are scared that bitcoin might not pump and might not make them rich. This is certainly similar to why big oil companies do not want the eletric card technology to develop in the automotive industry. This is backwards thinking and bad for the development of the cryptospace. In any case, this article might help everyone on understanding bitcoin's anonymity and privacy. https://sethsimmons.me/posts/comparing-private-spends/ |
|
|
|
Everyone should avoid Kucoin for the time being. According to this source, he had an account approved by using fake identification and photoshopped images. I speculate Kucoin might become stricter in their KYC policies on verified and unverified users.  Borat: Make Registrations on KuCoin sexchange for make Benefit Glorious Nation of Moonlambostan
CHENQUI. in travels to US&A, i hear at thanksgiving from normie that bit coin make his chrum pump money. Kazakhstan Ministry of Information send me on mission to capture Bitcoin gypsy
in quest to make sexy time with Bitcoin gypsy, i learns from influencer with paid group that to capture Bitcoin, i must make a registrations on exchange. wise influencer send me referral link to exchange name KuCoin, worlds most secure cryptocurrency exchange, great success
KuCoin KYC wizards make pass of Borat. high five! now i can trade from computer right here in us&a, all i need do is register google magicians to greatsuccess4handrelief@gmail.com and take selfie, wawaweewaa! this exchange actually runs kyc documents PAUSE NOOOOTTTTTTSource https://twitter.com/raindropactual/status/1332529415658475523?s=12 |
|
|
|
I have been arguing about this, however, it only falls on deaf ears. Many of us are certainly in denial or do not understand, I reckon. This might be the moment for everyone to begin to read on cryptocoins and monetary policies. This one by Grin has certainly opened my mind that there might be other solutions. https://github.com/mimblewimble/docs/wiki/Monetary-PolicyGrin doesn't solve that at all. The problem isn't the monetary policy or the financial system. The problem is the people. Every new generation wants a fresh start and free money and want to ignore anything that happened before them. In this case, by the year 2050, there would be shitton of Grin floating around. They would rather create another and be the early investors instead of joining the GRIN ecosystem.  It is a different story if you are implying that there will be so many GRIN's and it will be near worthless just like FIAT so everybody will be using it without second thoughts. (doge does it already btw) Even then what really counts is how much share you own from the total money supply and having enormous inflation would still bring the same end result as FIAT did > you'll be poor and will have greater chances of becoming rich with starting your own new thing. I disagree. The argument is about a group of early adopters taking advantage of bitcoin's monetary supply by hoarding much of the coins to get rich quick and have the power to influence the bitcoin economy. Grin's monetary policy might not be the best fix, however, it should be tested. Good luck fixing people. |
|
|
|
|
Show Posts
