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5021  Economy / Exchanges / Re: Are bitmex just trying to scam with their kyc policy? on: September 10, 2020, 06:03:30 AM
@buwaytress. Yes they derisked themselves, only as protection from the lawsuits that their customers might open, however hehehe.

Also, there was an article that Binance had customer data stolen from their 3rd party processor. This was before Binance decided to handle customer data themselves.
5022  Bitcoin / Press / Re: [2020-09-08]Bitfinex Invests in Derivatives Exchange Built With Bitcoin’s LN on: September 10, 2020, 05:32:06 AM
Is the exchange built on the Lightning network or is it only a derivatives exchange that accepts transactions using the Lightning network? The article was not clear on this.

5023  Economy / Gambling discussion / Re: US Presidential Election 2020 on: September 10, 2020, 03:31:56 AM
I reckon your analysis is on the wrong way hehe. I predict that Trump will win the electoral college and make him the rightful winner, however, the popular vote will be for Biden. The Democrats will then not accept their loss and continue the riots and barricade their own communities.

Why you are assuming this? Last time, Hillary Clinton received almost 3 million votes more than Trump and still accepted defeat. Because Trump won thanks to the electoral college. Grass root democrats were unhappy, but as far as I know there was no rioting or vandalism. On the other hand, I am not sure whether Trump will accept the same, if he loses the election.

It was a very different situation back in 2016. The people were also not encouraged to riot and to support the call for defund the police hehehe.

What can Trump do if he is not rightfully the winner under the electoral college? He cannot legally stay in the white house. The guards will force him out because he is not the commander in chief anymore hehehe.
5024  Bitcoin / Press / Re: [2020-08-15] US Prosecutors Seize Bitcoin Allegedly Tied to AlQaeda, ISIS, Hamas on: September 10, 2020, 02:02:48 AM
@Betwrong. Everything you see on tv about the government and those politicians there is a charade. It is entertainment.

Also, agreed. Low level politicians like mayors might not risk their careers, however, on the highest level they give the order to drop bombs, put the public under surveilance and maybe send some innocent people to Guantanamo Bay in the name of democracy hehehe.
5025  Economy / Gambling discussion / Re: NBA 2019-2020 betting on: September 09, 2020, 01:03:39 AM
I hope the Miami Heat maintains this lead hehehe. Game 4 was very bad for them having a 6 point game lead 2 times in the 4th quarter but only to lose on overtime.

I have them to reach the final versus the Lakers or the Clippers.
5026  Economy / Gambling discussion / Re: US Presidential Election 2020 on: September 09, 2020, 12:38:00 AM
It is perplexing to see such a big difference between the betting odds and the probabilities being given by websites such as Realclearpolitics and
FiveThirtyEight. Many of the gambling sites now (slightly) favor Trump to win the 2020 POTUS elections. On the other hand, FiveThirtyEight is giving a 71% chance that Biden may win this election. Given this, the most logical thing to do would be to place a bet in favor of Biden.

Yes, you're right, seems sensible to bet for Biden if you can get good odds. I suppose with gambling sites, they are adjusting their odds based on how much money is being bet (at what odds) on each party, so it doesn't purely reflect the candidates' chances.

I wonder what the odds are on Trump losing, but then refusing to accept that he's lost, and barricading himself in the White House? Got to be worth a bet.


I reckon your analysis is on the wrong way hehe. I predict that Trump will win the electoral college and make him the rightful winner, however, the popular vote will be for Biden. The Democrats will then not accept their loss and continue the riots and barricade their own communities.
5027  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: September 09, 2020, 12:09:17 AM
@Febo. That is what litecoin is doing. Copy updates from bitcoin and other cryptocoin projects, hype those updates for the periodic pump and dump hehehe. This is a type of weakness in cryptocoins with a limited supply. It might take years before we can accept this.

This update will for the first time be very different update from Bitcoin. So it will be interested also from that point to see how much people will like it. Maybe will totally ignore it, since for them LTC is just second Bitcoin.

To be frank with you, I have lost belief in litecoin when Charlie Lee dumped on his community at the very top of litecoin's all time highs. This upgrade might only be another excuse to hype, pump then dump.
5028  Bitcoin / Press / Re: [2020-08-15] US Prosecutors Seize Bitcoin Allegedly Tied to AlQaeda, ISIS, Hamas on: September 08, 2020, 11:40:11 PM
@Betwrong. You trust the government that it will not lie to its country's citizens? Some skepticism would be nice hehehe.

In any case, that statement I just made might add me to their surveilance list hehehe.
5029  Economy / Gambling discussion / Re: The UFC Info and Prediction Thread on: September 08, 2020, 02:20:34 AM
There are many talks about Nick Diaz finally coming back to octagon with some new UFC fight.
People around him say he is ready for this, and first who want this fight is Daren Till.
I think many UFC fans would be happy to see Diaz back, but let's wait and see:
https://mmajunkie.usatoday.com/2020/09/darren-till-wants-nick-diaz-comeback-fight-ufc-mma

This is clickbait hype by mmajunkie and only looking for attention by Nick. Nick Diaz has not fought in the octagon for 4 years. Darren Till kill him hehehe.

Also, watch Nick's interview with Ariel Helwani. Nick appeared to have cte damage. I speculate that to be the hidden reason why Nick has never returned to the UFC.
5030  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: September 08, 2020, 01:37:08 AM
@Febo. That is what litecoin is doing. Copy updates from bitcoin and other cryptocoin projects, hype those updates for the periodic pump and dump hehehe. This is a type of weakness in cryptocoins with a limited supply. It might take years before we can accept this.
5031  Bitcoin / Press / Re: [2020-08-15] US Prosecutors Seize Bitcoin Allegedly Tied to AlQaeda, ISIS, Hamas on: September 08, 2020, 12:45:48 AM
No NSA fan myself, so I'm not going to defend them. Snooping on Americans' phone records was definitely a violation of the right to privacy, among others. The good news is that it's over now

Perhaps now we have one more reason to avoid voice calls through phone and do that through Whatsapp or other VoIP services. Since they are encrypted, I don't think that anyone can snoop them (unless someone physically manages to install spyware on the phone). In this case they have done that to the terrorists, but I am sure that there may be other incidents, when this was done to law abiding citizens.

The NSA, CIA, MI6, the Russians, Israel and all competent spy agencies have webcrawlers that collect all public forum posts, blogs, social media posts, some leaked emails and more. If your posts and expressions are consistent in having I hate the government, down on democracy, praise Allah, jihad jihad jihad, dirty bombs and many more, you will be closely under surveilance.

I reckon bitcointalk might be under heavy surveilance before because there were many radical libertarians. At present, not anymore. Too many account farmers and spammers hehehehe.
5032  Bitcoin / Press / Re: [2020-09-03] Bitcoin is now the 6th largest world currency on: September 08, 2020, 12:19:11 AM
@Harlot. The criticism was not if bitcoin had real world uses or not, it is if bitcoin is used enough to account for its very high price. For that criticism, yes it is accounted for, if you include speculative investment as a real world use hehehe.

5033  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Grin Observer - GRN/BTC - Price Movement and Discussion on: September 07, 2020, 04:32:40 AM
@Febo. It might not be also in the next 20 years hehehe. This comparison explains Grin and Bitcoin's similarity on the supply side.

It might begin to pump similar to Bitcoin when inflation is below 5% after 20 years, however, the problem is Grin might not be similar to Bitcoin on the demand side hehehe.



Every year that passes makes the overall dilution smaller. After 10 years, this falls below 10%. After 20, below 5%. After 25 years Grin will have 4% supply inflation, the same as Bitcoin 10 years after its genesis (2018).

https://github.com/mimblewimble/docs/wiki/Monetary-Policy
5034  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum 2.0 delays thread on: September 07, 2020, 03:51:13 AM
It appears that the Defi experts also speculate more delays. The worse part of this is they do not think Eth 2.0 can solve the problem because of incompatibilites for their dapps to upgrade from Ethereum to Ethereum 2.0.

In any case, I speculate I know what project Vitalik and his friends are investing on to replace Ethereum if Eth 2.0 is a nothingburger hehehe.



DeFi experts say that Ethereum 2.0 is not the answer to high gas fees

DeFi experts and computer scientists got together on Sept. 3 for Cointelegraph China’s DeFi Marathon event shared their thoughts on the high gas fee potential solutions. Although they have different opinions on solutions, they all agreed that Ethereum 2.0 is not the answer to high transaction costs.

Sergej Kunz, CEO of the oldest decentralized exchange 1inch, Mounir Benchemled, the Founder and CEO of ParaSwap, a middleware layer that connects protocols, dApps and trading venues and professor Alex Kumanovic, co-founder at bloXroute Labs, a blockchain distribution network or BDN that allows global network communicate faster, said Ethererum 2.0 has its trade-offs. It still might not be scalable and secure enough to facilitate the users’ transactions.

The upgrade did not really anticipate the DeFi hype. So, to make sure everyone can get involved, the infrastructure needs to be thought through all over again. Kunz stated that:

“You have to rethink everything. You can migrate smart contracts to the code but it’s not not scalable. To be able to scale, you have to create standards and bring new protocols based on the new sharded architecture, such as NEAR which is similar to Ethereum 2.0.”

Mounir added that even though Ethereum 2.0 could scale, it might take too long for it to happen. The reason for the delay is mainly due to security. The core team has to make sure it's secure enough before launching it given how critical it is.

Kunz, Mounir and Kumanovic all agreed that it is not  practical for all projects to move on the Ethereum 2.0 as well, stating:

“For it to work, all applications would need to move towards one single platform. Major projects might have consensus, however for other projects who have their own agendas, it might be hard. New bridges will be built to allow interoperability.”


Read in full https://cointelegraph.com/news/defi-experts-say-that-ethereum-20-is-not-the-answer-to-high-gas-fees
5035  Economy / Exchanges / Re: Are bitmex just trying to scam with their kyc policy? on: September 07, 2020, 02:37:12 AM
Bitmex will surely lose a lot of volume and customers and is on course to become a 2nd rate exchange,

its primary advantage was the funding rate swaps which their financial engineering team pioneered for crypto currency trading; but now that other exchanges are also offering equivalent products they might lose the edge, and with KYC and similar corporate responsibility requirements, they are becoming even more run of the mill,

strategically a weak move on their part, as I don't think the world needs yet another politically correct financial institution...

This is funny. What it might do is separate the professional traders from the traders who trade on small volume hehe. I reckon professional traders give their KYC documents without any problem because it is only part of the job. It is the entitled people who trade on small volume who complain and also maybe some money launderers hehehe.

However, the real problem here is Bitmex competent enough to secure the data? They have leaked usernames and emails before.
5036  Bitcoin / Press / Re: [2020-09-03] Bitcoin is now the 6th largest world currency on: September 07, 2020, 01:05:23 AM
@Harlot. Also, this should concern us because if we use adoption as a measuring stick, it might imply that bitcoin's value should be very much lower than where it is presently.
5037  Bitcoin / Bitcoin Discussion / Re: US file a lawsuit to recover funds from a hack by North Korea on: September 06, 2020, 04:55:50 AM
@slaman29. Also, if the hackers used Monero, the department of justice might not report it because there would certainly be nothing to report. It would be a free advertisment for Monero if they include it hehehehe.

And Monero is not viable for hackers or criminals though, as some top exchanges are delisting it as far as I know since 2018 because of government pressures. So criminals still will love to used bitcoin, mix it up and think that they are not going to get caught by blockchain analysis.

Monero are just being used as second tier coins for criminals, like crypto jacking or crypto mining.

Monero has one of the highest volumes on Bisq and many popular exchanges also have it, however.

Also, why would real hackers act ignorant and risk being caught by using a coin where the government can see all your transactions and by using a centralized exchange where your coins can be taken from you?

I am skeptical of this news.
5038  Bitcoin / Press / Re: [2020-08-15] US Prosecutors Seize Bitcoin Allegedly Tied to AlQaeda, ISIS, Hamas on: September 06, 2020, 03:46:58 AM
@Betwrong. There are individuals on the high level inside the government who are working with individuals on the high level in many different companies that give and take favors from each other. They do not play under the same rules as everyone hehehe. We have to wake up and accept this.
5039  Bitcoin / Bitcoin Discussion / Re: Andreessen and Rajaram joins Coinbase as Board of Directors on: September 05, 2020, 02:10:11 AM
Just goes to show failing upwards is a thing in cryptoland too. No idea who Mr Rajaram is, but Andreessen could've kicked Coinbase's arse if he'd made some competent moves.

Circle has been a whirlpool of fail. They threw in their BTC retailing shortly before things went mad in 2017. They paid 400 mil for Poloniex, did nothing to it other than making their customers pay for a margin call and then let it go to a penis for peanuts. I presume their OTC did well but that's been sold to Kraken just before big bucks arrive en masse.

Maybe their stablecoin will do something but I'd pay him not to be on my board.

However, he also advises and has influence in other successful companies that manipulate the world every day. Facebook is one of them.

This should also be good news to cryptocoin traders. This implies that any token listed in Coinbase might not be included in the SEC's list of illegal securities thanks to Marc Andressen's political connections hehehe.
5040  Bitcoin / Bitcoin Discussion / Re: US file a lawsuit to recover funds from a hack by North Korea on: September 05, 2020, 01:21:16 AM
@slaman29. Also, if the hackers used Monero, the department of justice might not report it because there would certainly be nothing to report. It would be a free advertisment for Monero if they include it hehehehe.
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