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4861  Other / Archival / Re: [Tutorial] Decentralized Finance (DeFi) for Noobs on: September 29, 2020, 01:57:58 AM
Also, calling their projects Defi is only a promotional tool. They are Cefi hehehe.

Read this article. I support the affected exchange and projects to do everything to stop the hacker, however, this is not how a real decentralized Defi protocol is supposed to work.



Orion Protocol has updated its smart contract to render $8.5 million stolen tokens obsolete, Covesting has frozen the $520,000 stolen, and KardiaChain has invalidated $9 million worth of tokens.

Crypto company Velo Labs announced that it will invalidate all of the 122 million VELO tokens stolen in the hack, worth about $76 million. VIDT Datalink will freeze 14 million VIDT, worth about $6.4 million. SilentNotary will replace all of its tokens, including the $94,692 affected, and Ocean Protocol paused its smart contract after $8.6 million was lost.


Source https://decrypt.co/43066/130-million-of-kucoin-hackers-haul-to-be-frozen-by-crypto-projects
4862  Bitcoin / Press / Re: [2020-09-10] Community-Funded Bitcoin Awareness Campaign Unveiled in Hong Kong on: September 29, 2020, 01:35:16 AM
@Darker45. I reckon those days of idealism and principle in the cryptospace are gone. This has been proven after a group of bitcoin maximalists and Ethereum critics have issued their ICO token in Ethereum hehehehe.
4863  Bitcoin / Press / Re: [2020-09-12]Researcher kept a Bitcoin bug secret for 2 years to prevent attacks on: September 29, 2020, 12:48:51 AM
@slaman29, @Kakmakr. Bug bounties have never existed in many opensource projects unless someone organizes this for them.

Also, agreed! Good question because what are the trying hard influencers in the B Foundation doing about this? They only want influence with no effort? I reckon organizing a bug bounty should be their job.
4864  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: September 28, 2020, 04:38:56 AM
The Saints have lost again because of their horrible defense. I speculated them to have a chance to finish well in their division, however, similar to the Vikings it might not be so. They are the biggest dissappoinents of 2020, I reckon.
4865  Economy / Gambling / Re: Cloudbet | Bitcoin Casino & Sportsbook | The No.1 Bitcoin Gambling Site on: September 28, 2020, 03:35:06 AM
@efxes. That is normal practice for all casinos and gambling services against money laundering. Have you given your identification or has Cloudbet asked for your documents? You should have them ready, I reckon.
4866  Economy / Gambling discussion / Re: NBA 2019-2020 betting on: September 28, 2020, 02:52:35 AM
Congratulations to everyone who bet on Miami especially to @Harkorede hehehe.

What does everyone reckon on what the oddsmakers' spread might be on game 1 of the championship? I speculate -6.5. Lakers might cover this very easily, however.
4867  Bitcoin / Press / Re: [2020-09-12]Researcher kept a Bitcoin bug secret for 2 years to prevent attacks on: September 28, 2020, 02:21:59 AM
@Harlot. However, the title of the article is clickbait that implies something else. I am shaking my head on why many mainstream news outlets have the need to do something like this.
4868  Economy / Gambling discussion / Re: NBA 2019-2020 betting on: September 26, 2020, 03:50:29 AM
This game ended similar to game 3 with the Heat leading in the beginning and then ending with the Celtics snatching the lead beginning on the 3rd quarter.

What changed in this game? Was Erik Spoelstra's tactics for game 5 different from games 1, 2 and 4 and similar to game 3?
4869  Bitcoin / Press / Re: [2020-09-10] Community-Funded Bitcoin Awareness Campaign Unveiled in Hong Kong on: September 26, 2020, 03:21:52 AM
What has Hong Kong done to stop Beijing from implementing the security law?
The moment the UK decided to honor their treaty in 97 was the moment the fate of HK was sealed.

Exactly! It was the moment the countdown began. And, just recently, the thing has happened. Hong Kong has now lost its freedom. Hong Kong's democracy was a ticking bomb the moment the UK turned it over to China.

@Darker45. The motives for any cryptocoin ad campaign is always similar. To hype, pump and the whales to dump on the community again. The people behind this ad campaign does not care for the people's freedom.

Bitcoin cannot be compared to "any cryptocoin." The ad campaign that we are talking here is not even initiated by Bitcoin itself, its fund not coming from Bitcoin, the people involved not in any way under payroll from Bitcoin, and so on. They appear to me as mere advocates and enthusiasts who are probably shelling out money from their own pockets for this. Of course, they too have their own BTC, so they will of course gain something if Bitcoin becomes more popular. We all will.

I don't know where you're coming from in saying that the people behind this initiative does not care for the people's freedom.

You should know where I am coming from. We see this everyday. No one cares for bitcoin as a medium of exchange anymore. Everyone appears to only celebrate bitcoin as a speculative investment by declaring it to be a store of value.

Also, be your own bank and similar phrases were invented by larpers to hype and dump on you. Sorry for being skeptical.

4870  Bitcoin / Bitcoin Discussion / Re: European Commission officially proposes regulatory framework for crypto-assets on: September 26, 2020, 03:06:26 AM
Crypto assets, especially stablecoins, have the potential to become widely accepted, said the commission. Hence, they would be subject to "more stringent requirements" regarding capital, investor rights, and supervision. The proposal is in line with the leaked version from last week.

The commission has today proposed a "bespoke" regime for crypto-assets and stablecoins. "The bespoke regime for crypto-assets will ensure a high level of consumer and investor protection and market integrity, by regulating the main activities related to crypto-assets," said the commission. The main activities include such as crypto exchange and wallet services.

https://www.theblockcrypto.com/post/78713/european-commission-official-proposal-regulation-crypto-assets-stablecoins

Consumer and investor protection might be another phrase for we the government want to limit how much cryptocoins you could own. The more poor you are, the lesser amount you are allowed to buy from an exchange.

The transformation of the cryptospace begins.
4871  Economy / Speculation / Re: Speculating with Tom Lee on: September 26, 2020, 02:27:26 AM
This article was shared by Tom Lee on social media.

As long as bitcoin's ups and downs in price is very correlated to equities, I reckon that the contents of this article might also be appropriate to the bitcoin speculators.

The article also implies that Trump should win if you want a more bullish market hehehehe.



An interesting aspect of election-year Octobers is the propensity for S&P 500 gains when the incumbent party ultimately retains the White House. Of the ten incumbent victories since 1944, the S&P 500 has advanced seven times, declined twice, and was unchanged in 1944 with an average October gain of 1.4%. Of the nine occurrences since 1944 when the incumbent was defeated, there were six S&P 500 declines and three advances in October. The average October decline when incumbents were defeated was 2.1%. Even excluding the S&P’s 16.9% plunge in 2008, incumbent defeats were still preceded by an average October loss of 0.3%.

Also of note is the change in the yearend rally. Prior to 1987, from the close of trading on the Friday after Thanksgiving to yearend, the S&P 500 rallied only 20 times in 35 years. As Thanksgiving bullishness lost steam in 1987, the rally afterwards occurred more frequently. Since 1987, S&P 500 has logged gains in 24 of 31 years from the close on Friday after Thanksgiving to yearend.


Source https://jeffhirsch.tumblr.com/post/630234708561821696/sp-500-october-gains-frequently-precede
4872  Bitcoin / Bitcoin Discussion / Russia is proposing a new law to declare cryptowallets or be fined, go to jail on: September 26, 2020, 01:43:14 AM
This might be the beginning and it might set a precedent for other countries to follow and impose strict regulations on the users. They do not want the users to have the ability to launder our own money and evade taxes on our own.

However, there are cryptocoins I know that not any government authority can track hehehe.

 

Russia’s Ministry of Finance (Minfin) has prepared a new draft bill on the regulation of cryptocurrencies which, if it comes into effect, would force residents to declare their crypto wallets—or face up to three years in prison, local news outlet Kommersant reported today.

According to the proposal, any individual or legal entity that received more than 100,000 rubles (roughly $1,300) worth of crypto per year should be obliged to notify the tax authorities and submit a corresponding report. In case of non-compliance, violators would face a fine of 30% of the amount received—but no less than 50,000 rubles ($650).

If over one million rubles ($13,000) in crypto should “pass-through” an undeclared crypto wallet in a year, its owner could be facing up to three years of prison time or a community sentence, proposed the document.


Read in full https://decrypt.co/42809/russia-proposes-up-to-3-years-of-jail-for-undeclared-crypto-wallets
4873  Economy / Gambling discussion / Re: US Presidential Election 2020 on: September 25, 2020, 03:08:16 AM
@bryant.coleman. I do not agree. The betting market odds is the more accurate indicator because the betting whales would have bet heavily on Biden already if the figure for fivethirtyeight was accurate.

The betting markets are controlled by the whales. This is not only a group of casual bettors who are chasing a lucky win on Trump.
4874  Economy / Gambling discussion / Re: NBA 2019-2020 betting on: September 25, 2020, 01:59:58 AM
@wheelz1200. I saw similar futures odds for the Miami Heat to win the 2020 championship. I decided for the 7.5 - 1 odds for Miami to win the eastern conference, however.

In any case, the Nuggets are beginning show up. The Lakers lead is presently 4 points in the last 2 minutes of the half from 10.

 
4875  Economy / Gambling discussion / Re: 🏈🏈 The American Football Discussion Thread 🏈🏈 on: September 25, 2020, 01:25:16 AM
What was the over for this game. This Jaguars defense is one of the most horrible after 2 weeks of this season, I reckon.

@nutildah. I bet Jaguars -2.5 because Miami is 0 - 2. A casual fan's mistake. Cry
4876  Bitcoin / Bitcoin Discussion / Re: Judge Orders Bitfinex to Turn Over Tether Loan Documents (Again) on: September 25, 2020, 12:47:21 AM
I'm not much of a speculator, so even if it meant some turmoil in the short term, I think it's better the poison is bled out sooner rather than later.

Think of it this way, what would cause a bigger loss of faith in the markets?  Recognising it for what it is and allowing it to collapse now at $14 billion of mirage fakery, or pretending it's not a problem and waiting until it balloons to $140 billion and then blows up in our faces?  The longer we allow the charade go on, the bigger the fallout will be.

However, you do not think that the tether rug pull will not cause the cryptospace's biggest crisis that might take years for recovery? It might not only be a short term turmoil.

If anyone has any viable alternatives, I'm all ears.  They're going to keep printing more from nothing.  New traders are probably being suckered in daily.  It's only going to get bigger.  Is there a way to collapse it gradually without causing an avalanche that brings the entire mountain down on us?

The only thing I can think of is some sort of educational campaign to highlight the dangers.  But I suspect the greed of traders will win out, just as it's been doing all along.  They're not going to listen to reason.

Why are you finding fault on the traders? The fault is with iFinex and Tether for issuing USDT under questionable backing practices.

I reckon the exchanges should slowly replace USDT with USDC and other 100% backed stablecoins.
4877  Bitcoin / Press / Re: [2020-09-10] Community-Funded Bitcoin Awareness Campaign Unveiled in Hong Kong on: September 25, 2020, 12:23:34 AM
@Darker45. The motives for any cryptocoin ad campaign is always similar. To hype, pump and the whales to dump on the community again. The people behind this ad campaign does not care for the people's freedom.

@stompix. Agreed, nothing. Similar to this ad campaign, what is this really for?

I shake my head.
4878  Alternate cryptocurrencies / Altcoin Discussion / Re: Who said that ICOs are dead? on: September 24, 2020, 05:03:59 AM
If anyone is searching for a potential 10x investment, Avalanche might be the one. It is being dumped right at this moment, however, this is normal for an ICO coin's first days since listing.

This is only my personal speculation. I am not holding AVA coins yet.


The Avalanche launch comes 16 months after the Ava Labs team exited stealth mode. During this period, the team at Ava Labs carried out three test networks before they were confident the time was right to launch Avalanche. “We’ve become more vocal as we’ve completed key milestones, but we tend to believe in showing, not telling,” Sirer said.

Source https://decrypt.co/41981/ava-labs-to-launch-avalanche-platform-for-defi-applications
4879  Economy / Gambling discussion / Re: US Presidential Election 2020 on: September 24, 2020, 04:35:43 AM
Which percentage is the most believable? I am quite certain the pollsters and media groups doing their polls have their own motives or might also be corrupted by the side that pays more hehe.

The betting market is the most impartial, however, short of including the silent majority on the odds.

Chance of Trump being re-elected? Latest forecasts:
6%  
@LeanTossup
 
14%
@TheEconomist

18%
@DecisionDeskHQ

20%
@NewStatesman

23%
@FiveThirtyEight

Betting markets: Around 45%


Source https://twitter.com/ladpolitics/status/1308043486537580544?s=12
4880  Economy / Gambling discussion / Re: NBA 2019-2020 betting on: September 24, 2020, 03:08:35 AM
This now might be Miami's game. There are already 2 turnovers by the Boston Celtics in the last 2:00 of the game that became +2 points each for Miami. It was very close up to the very point of the game.

Also, the Nuggets winning game 3 creates an argument that the Heat might have a chance to win the 2020 championship if they play against the Lakers.

@Reid. 3 points more needed with only 18.3 seconds hehehe.
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