To be honest this makes their story less believable. It's too much information and a bad move theoretically. They have no reason to come out guns blazing at the devs outside of making their story sound better.
They are obviously posting this so they can close the pair without making good on it and hope it will not effect the volume on their other pairs. They are just trying to prolong their scam exchange and steal what xmr they can, i don't doubt they stole it themselfs. |
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So they are delisting xmr without opening withdrawals? Does this means that they are simply cancelling everyone's xmr balance there without any compensation? They are thieves. |
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I haven't cared about Polo since they stole my Monero's.
I hope they crash and burn.
Goldmann Ballsacks ruined them.
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That was a long read - but it seems pretty to take a pretty reasonable approach. They ain't gonna ban a thing, and Bitcoin and similar crypto currencies are not going to be regulated at all in themselves. Nice spot, Globb0! Cool, you answered my question before i could post it.  So what does this mean for the end user? I was a senior hardware engineer there in 96, got out just in time i guess.  |
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I have been pleased overall with the altpocalypse, especially with the comparative resilience of Monero, but if bitcoin ignites in the midst of global financial turmoil we will see it drag the quality alts up with it. The big players understand the value proposition of xmr. The next 9-12 months might be like 2016-17 (early), or like something the world has never seen before.
Either way... We will survive.
I can't argue with this. Shit its all just a river of red, why did I look?  Yup. So much for a recession to be good for crypto. We will first see a real mess. It will be interesting year to come. I hope everyone have a hobby to not look at charts to much. Poker turned out to be a river oif red as well. |
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I really had no clue this shit had gotten so bad, i was under the impression china had a hands off policy on HK. Apparently thats bullshit and after alot of googling and watching youtube vids I still have no clue whats going on there. I thought HK was the Golden Goose, is china trying to kill it?
Seriously if anyone can explain wtf is going on or link something that doesn't take a day of research to wade through that will sum up what the deal is, post it please.
Hong Kong Activist Leader Calls For A Run On Chinese Banks TomorrowThe shit is hitting the fucking fan. That's what happening in HK. Tomorrow will be a good day. This should be interesting, but won't the state run banks just close? China is a dictatorship at the end of the day no matter how they try to wrap it. Thanks Hairy. |
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I don't know how many of you are keeping an eye on Honk Kong at the moment but things are getting real interesting and this is potentially a massive deal for the entire globe (including Bitcoin). Now, I have access to a group that discusses the global economy and one of its members is a very well to do business person with high level contacts within the CCP. Today I read a conversation this business person was having and it was very intriguing, so much so that I thought that people here might benefit from it. I have therefore posted it below. The person in question is named TR. TR: China does not want to directly intervene - moderates in BJ have been holding the hawks in check. But last week, even the moderates started to indicate it was going to far. But the trap is set for BJ intervention, if it is direct, overt and very violent, the damage will be irrepairable with capital and business flight to SG.
PK: I'm not surprised by that. If it gets violent bye bye hk. It's as good as destroyed
TR: it is now - writing is on the wall - whether it is this week or next year, hk is gone
PK: Yeah true there's no real coming back from this wrt outsiders
ST: Once they declare that the two systems approach is not working and is over, the problem will be largely resolved. At the moment they cannot do anything about the protesters because they are outside of Chinese jurisdication. China has to leave it to Hong Kong to deal with. Declaring an end to the two systems approach may be dramatic but it does not need to be violent. Once the two systems is dead the Chinese can pass laws on extradiction and removal and that should freak out anyone in Hong Kong.
Who is going to protest once they understand they are subject to the Chinese justice system.
Plenty of Chinese cities will be champing at the bit to get a slice of the Hong Kong action. Certainly a lot of western businesses will decamp to Singapore but that may be seen as a small price to pay compared to ongoing humiliation.
TR: Actually a declaration of the end of the 1 country 2 system policy is extremely complex and the implications would result in the immediate change of status for banks etc in the US and EU, would create a political crisis in TW and flatten the HK economy overnight.
And no, HK is the primary conduit for capital movement and regulation for the PBOC. SH is the largest "base" for foreign HQ's in China only behind HK (20% vs 80%) and unless the movement of funds laws for foreign companies changes, these would need to move to SG.
Many SOE's are listed in HK to allow access to USD and easier capital movements as well as international bond markets. This would dry up overnight
US government is obligated to change the status of HK if the 2 system policy is changed before 2047 which would make the current trade war (it's not a trade war, but hell the tweeter in Chief knows all right) look like a macroeconomic nirvana
In other words, no, there is no solution in declaring the 2 system 1 country setup dead unless you have all the contingency plans in place, invade TW overnight and no longer need to do business with US or its allies
ST: That is just law. Laws get changed all the time. China marching in with troops will have exactly the same effect but with far more damage.
TR: no - you are missing the point - it is not just law but a whole shake up of the underlying business structure for SOE's in China and how they are able to transact business
ST: The moment Chinese authorities enter the 2 systems model is a dead duck. I am not missing the point. Law is just words.
TR: Which is why are desperately looking for back door methods to restore control
ST: There are no back door methods
If Hong Kong authorities lose control the 2 system model is dead.
Even now it is falling apart as people are claiming Chinese agents in the HK police.
The danger for China is that if they don’t the 2 system model now it may become permanent.
End
I think there is a lot of confusion because people assumed that in 2047 China would become like Hong Kong when the reverse is much more likely.
ST: The difficulty for China is that the 2 system model prevents them from controlling what is happening. They are dependent on HK controlling HK locals and that is clearly not working. The HK police are likely to be stuck chasing kids around the metro indefinitely. That China tried to get help from the triads indicates how little control they can exert. The situation is likely to get uglier and uglier until the sovereign power exerts its power and takes control of its territory.
Of course China could just cede its claim to Hong Kong. That is the best option.
The protesters don’t seem to understand that by demonstrating the impotence of the HK authorities they are demonstrating that the 2 system model is dead.
A government that cannot exert control is a dead duck and we know the reason why HK cannot exert control is because it is not a real government. It is a fake government and it is falling apart right now.
In the end China has no choice. If the HK government cannot impose its authority China will have to. Which of course is going to be a rude shock for lots of people who have assumed that an incoherent model of government is sustainable under pressure.
TR: Lets just see - I can't say what I know because it exposes who I talk to. I am sure that pressure is mounting for HK to end this, but I also know that the implications of direct involvement in the resolution of the situation is well known to many prominent decision makers.
To some extent you are seeing the response with "foreign power behind the unrest" meme that is circulating. Lets see how this plays out - like I said - they are looking at back door methods to restore control... I really had no clue this shit had gotten so bad, i was under the impression china had a hands off policy on HK. Apparently thats bullshit and after alot of googling and watching youtube vids I still have no clue whats going on there. I thought HK was the Golden Goose, is china trying to kill it? Seriously if anyone can explain wtf is going on or link something that doesn't take a day of research to wade through that will sum up what the deal is, post it please. |
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never gonna see sub $10k prices again.  I would be very happy it that were true. I have a fraction of my btc hoard loaned out to celsius.network at 4.6% annual interest, Paid weekly in btc I sell it as soon as I get it, since I'm retired (thanks solely to btc). Until last week was 4.6%. now it's 3.75 % What are you gonna do when celsius.network steals your coins? |
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I don 't like when BTC follows S&P. Neither if gold follows S&P. It would mean we also run on QE fuel. It should be inverse to S&P... . Agree, wtf. why people are acting like this is normal? I understand what you are saying but I don’t agree that Bitcoin and SP500 are correlated. People keep looking to the news to explain Bitcoin price movements, but this is the wrong approach. Bitcoin gives no fucks about trade wars. We are just going through our usual summer shakes before autumn bull season starts. Right, when this did become a thing? The institutional money got everyone's mind warped? |
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Fair enough point, but I still would be hesitant to put all my eggs in one basket, no matter what my age.
Or basket. |
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Sorry to interrupt, but can someone please let me know if I should be panicking at this point, because, TBH, I'm seriously, SERIOUSLY thinking of just tuning out anything Bitcoin related until after the halvening and just focus on IRL stuff for a while.
Think I'm finally finding a good IRL routine that is keeping me somewhat entertained and productive. Starting to really get the hang of this retirement thing.
Watching Bitcoin tank like it is, just makes me sad. I don't need it until 2021-ish anyway...
Bah. Someone hold me. No homo.
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So what holds value as a contra-asset in recessions these days? First person to say Gold gets spit on; I remember watching the stock market implode in 2008 and watching the value of my gold holdings collapse just as fast.
Some cash is nice, but even that's turning into crap, and slaves just don't cut it anymore....
Oil futures? |
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Shit its all just a river of red, why did I look? |
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For fucks sake JJG. We discussed this yesterday. I asked you quite nicely not to quote Roach.
Ignored for a week for quoting Roach.
Even on Thursday? Nothing to worry just yet. Segwit and tx batching doing its job to increase capacity. And nothing a moderate (ie 2x) additional block size increase plus some LN adoption couldn't solve. I never said we won't need SOME block size increase. Quite the contrary. But forking to go full retarded on 1GB blocks is... well... just retarded. That being said, I understand your hedging. If you believe there is a significant chance for a "blockapocallipse" severely hitting Bitcoin in the near future then... well... maybe your putting (some) of your money when your beliefs are... Even if that were the case, crypto (as a whole) would be severely (if not deadly) hurt. Ouch... third dumping leg... probably time to BTFD. Literally the only credible argument I have seen against a dynamic blocksize fork is getting consensus. |
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So he can he be charged for these fraudulent actions? Theoretically possible but unlikely CSW will probably end up losing the law suit and have to pay the costs of Ira Kleiman. But Ira Kleiman is suing to recover something that doesn’t exist so Ira can’t win in any meaningful sense. So it will all wash away in a wave of bullshit and the BSV shillboys will proclaim it a miracle for BSV. Someone will jump on something the judge says in the judgement and hold it up as proof that a US court has ruled that CSW is Satoshi. Of course it won’t say that, but shillboys will believe anything. Yeah, this sounds likely. there is something about being charged for frivolous lawsuits but that would fall on the plaintiff I think. Which is ironic considering csw is the king of those...well trump is really. |
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If it wouldn t be Sustainable it wouldn t attract all the Risk sensitive businesses and it could be attacked already all the Time.
Instead this and other Forums and News sites are full of fear and fud Posts...
Funny.
Why attack something while they're doing a perfect job destroying themselves? This. In a deposition, the creator of Bitmessage has confirmed that the supposed chat messages between Dave Kleiman and Craig Wright are forgeries."
Is there anything he has not lied about? It's quite astounding. I presume the people around him would pass out in surprise if a single element of any of his claimed history turned out to be true. 'Craig, are you feeling alright? Shall we call someone?' It's pretty bad when even your mother calls you a liar. https://www.reddit.com/r/Bitcoin/comments/6lnzs0/and_all_of_a_sudden_csws_mom_is_the_real_hero_of/ |
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Is Ethereum proven to be a scam up to now? From this thread made 2 years ago, and I see that ethereum has continued to triumph and become one of the best altcoins. And many people like to invest here. Is this accusation proven?
Many projects and various businesses have been successfully created on the Ethereum platform. For these 2 years, Ethereum really showed the effectiveness of development for the entire cryptocurrency community. I think that the price of 250 dollars is a low price for Ethereum and this year this coin will cost more than 400 dollars. I also believe that Ethereum will continue its expansion into all world markets. Soon, the business sector will use the Ethereum platform. Lol... and wait for vitaLeak to do a funny code inject or rollback of his db? Well at least we can agree on this. |
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